Business news from Ukraine

Business news from Ukraine

MOBILE OPERATOR KYIVSTAR CONNECTS 741 MORE SETTLEMENTS TO 4G

The mobile operator Kyivstar in July and early August connected 741 settlements, the territory where 380,000 people live, to the 4G network.
According to the press service of the operator, in particular, settlements in Volyn, Zakarpattia, Ivano-Frankivsk, Lviv, Rivne and Ternopil regions were connected.
“These are mainly remote villages, where 20 to several thousand people live. It became possible to connect these settlements to high-speed mobile Internet thanks to the use of 900 MHz radio frequencies,” the company said.
Kyivstar also noted that in July 2020 the mobile operators of Ukraine began to exchange radio frequencies in the 900 MHz range.
Over the two years since the launch of 4G, more than 11 million of our subscribers have already used the capabilities of the new communications technology. For Ukrainian citizens living in rural areas to also get access to 4G services, Kyivstar plans to invest up to UAH 5 billion in the coming years,” Kyivstar President Oleksandr Komarov said.
According to the data provided, today Kyivstar’s 4G network covers more than 12,000 large and small settlements. The company plans to provide access to high-speed mobile Internet for 90% of the Ukrainian population in two years.

UKRAINIAN GROUP RDS INVESTS UAH 75 MLN IN KHERSON REGION

The Ukrainian group of companies RDS, as part of repair work on the section of M-14 highway in Kherson region, acquired Kredmash DS-16837 asphalt concrete plant for UAH 25 million and invested about UAH 50 million in a production base located in Nova Kakhovka of Kherson region, co-founder of the company Yuriy Shumakher has told Interfax-Ukraine.
“The total amount of our investments in the purchase of the asphalt concrete plant and in the production base was about UAH 75 million. We are expanding our presence in Kherson region, for this we are investing in a base in Kherson region,” he said.
The expert clarified that the new asphalt concrete plant will start work in a week, which will allow the work to be carried out systematically and meet the stated terms of local construction projects.
The productivity of Kredmash DS-16837 plant is up to 160 tonnes of asphalt concrete per hour. It consists of a high-power asphalt mixing facility, a feeding unit, bunkers for a mineral powder unit, four bitumen tanks of 30 cubic meters each and a ready-mix unit (100 tonnes).
RDS Group is one of the top three road building companies in Ukraine, including Kyivshliakhbud and Rostdorstroy. Its core business is construction, reconstruction and maintenance of highways and bridges, construction of airfield complexes.

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SON OF UKRAINIAN MOTOR SICH’S PRESIDENT BOHUSLAYEV BUYS ISLAND IN ITALY

The son of Motor Sich’s Honorary President Oleksandr Bohuslayev has bought the Gallinara Island in the Ligurian Sea near the Italian Riviera from several owners for more than EUR 10 million.
According to the Italian newspaper Corriere della Sera’s website, the deal on the acquisition was concluded by the Galinette company from Monaco, belonging to a 42-year-old native of Zaporizhia with Grenada citizenship, Oleksandr Bohuslayev, allegedly the son of PJSC Motor Sich’s honorary president, MP Viacheslav Bohuslayev.
According to the publication, the turtle-shaped island, about 0.5 km long, is located 1.5 kilometers from the coast between the towns of Albenga and Alassio and is a nature reserve closed for tourists. The island was previously owned by wealthy Italian bankers.
“Significant debts to the tax authorities, partners’ economic problems – the sale [of the island] is overdue. Bohuslayev entered into negotiations in May, and on July 17 the deal went through. Ideally, Bohuslayev can now plant a Ukrainian [or Grenada] flag on the top of the turtle island,” the article says.
PJSC Motor Sich is one of the world’s largest manufacturers of aircraft engines, as well as industrial gas turbine plants. The company delivers its products to more than 100 countries worldwide.
Until recently, the largest individual shareholder of PJSC Motor Sich was the company’s Honorary President, MP Viacheslav Bohuslayev, who in 2016 declared the reduction of his stake in Motor Sich from 15.8% to 1%. He also included in the income earned in 2016 the investment income from the securities trader Motor-Dealer owned by PJSC Motor Sich in the amount of about UAH 1.07 billion.

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RURAL POPULATION FEELS MORE SECURE THAN URBAN RESIDENTS – SURVEY

Rural people in general feel more secure than urban residents in the current situation in Ukraine, says political analyst Serhiy Lozovsky.
“People in villages feel themselves the least exposed to danger. And sociological studies confirm this. Rural residents have enough inner strength to secure themselves and their families. As to residents of cities, where government agencies must ensure security, there is a problem which makes them feel less secure in cities,” Lozovsky said, while commenting on a joint survey conducted by the Active Group and the Expert Club in a program on the latter’s YouTube channel.
According to the expert, this is caused by the fact that law enforcers often demonstrate poor response to acts of violence and violation of law.
“This often happens during mass events when law enforcers stand in line and show no response to beatings they witness,” Lozovsky said.
Earlier, at the press center of the Interfax-Ukraine News Agency, the Active Group and the Expert Club presented the results of their second joint survey. This time they studied Ukrainians’ opinion about work of central government agencies and local governments, unemployment growth caused by the quarantine restrictions, the population’s attitude towards official statistics on the coronavirus (COVID-19) incidence rate, as well as the main issues of concern for urban and rural residents.
The survey showed that the population in general negatively treats the incumbent government. Local governments enjoy the highest rating among Ukrainians – 45% of respondents praised their work, 38% said the president was doing a good job, and only around 20% praised the country’s prime minister.
Some 10.5% of those polled said the National Police worked good, while more than 55% said the opposite. Local police stations have the highest rating – 22% praised their work, while 39% said it was bad.
The main issues of concern for urban and rural residents include: quality of roads (54% of respondents), condition of the public facilities (44.7%), condition of the infrastructure inside buildings (43.5%), unemployment (34.2%), housing and utility tariffs (31.1%), mass renaming of streets, cities and villages (29.2%).
Additional information about the survey is available on the website of Active Group and on the Expert Club YouTube channel.
The video is available on the YouTube channel:

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 04/08/20

National bank of Ukraine’s official rates as of 04/08/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 04

Official rates of banking metals from national bank as of August 04

One troy ounce=31.10 grams

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