Business news from Ukraine

Business news from Ukraine

UKRAINIAN REVEALING INFORMATION SETS UP BUSINESS SUPPORT CENTER

Nationwide legal association Revealing Information has set up the Business Support Center. The Center will provide businesses with support to fight illegal seizures, which have become a burning issue during the emergency situation and quarantine.
According to the Justice Ministry, the number of illegal seizures through making amendments to state registers has increased by 16 times during the quarantine.
Managing Partner of the Revealing Information Law Firm Oleksandr Keyer said that today both the society and businesses experience an intensive turbulence.

“The number of fraud cases is growing in Ukraine. The Justice Ministry has officially reported an increase in the number of illegal seizure attempts by dozens of times. We also can see such a trend. The situation is getting even worse due to uncertainty about the coronavirus (COVID-19) disease and its influence on business and economy. We are doing the utmost to stay one step ahead and, in particular, for this reason our company has set up the Business Support Center right now,” Keyer said.
The Business Support Center of the Revealing Information Law Firm will provide services to protect businesses by all available legal means, including security and prevention measures, represent them in court, provide them with legal support while concluding agreements during the quarantine, and so on.
Revealing Information is a nationwide legal association of broad-based experts providing services to protect the rights of victims of all types of offenses, fraud and banditry.
The association’s services include legal business support, analytical and information work, security measures to counter raiding, customer support in criminal, commercial and civil disputes, and more.

http://revealinginformation.com.ua/en/

E-mail: revealing@ukr.net
Phone: +38095 868 3590, +38067 868 3690

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MEXICO STARTS NEXT REVIEW OF SAFEGUARD DUTIES ON IMPORTED HOT ROLLED SHEETS FROM UKRAINE, RUSSIA

The Economy Secretariat (Secretaría de Economía) of Mexico has announced the launch of an administrative procedure for reviewing safeguard duties imposed on hot rolled sheets originated from Ukraine and Russia.
According to the announcement made on March 26, 2020 on official website of the Mexican government bulletin, the duties are being reviewed as the duties imposed earlier expired.
According to the document, safeguard duties on hot rolled sheets were imposed by Mexico on March 28, 2000 in the amount of 46.66% for Ukraine and 30.31% for Russia. On March 17, 2006, the duties were extended. After the new revision on September 8, 2011 it was decided to cut the duties for Ukraine to 25% and to 21% for Russia. On January 28, 2016 it was decided to extend the duties.

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ITALY ALLOWS RYANAIR 28 FLIGHTS BETWEEN CITIES OF ITALY AND UKRAINE

Italian aviation authorities granted Ryanair, the Irish low-cost airline, temporary rights to operate 28 weekly flights between the cities of Italy and Ukraine until July 13, 2020, the National Civil Aviation Authority (ENAC) has said on its website.
Ryanair was allowed to fly to Kyiv from Bergamo, Bologna, Rome, and Catania; to Odesa and Lviv from Rome, Bergamo and Bologna; and also to Kharkiv from Bergamo.
Earlier, Ryanair announced the cancellation of most of its flights from March 24. At the same time, the carrier does not expect to resume flights in April and May due to coronavirus disease (COVID-19) spread and the introduction of significant restrictions on flights by various European countries.
Ryanair intended to launch flights from Italy to Ukraine in 2019.
“In Italy, we fly from Milan and Pisa. However, the Italian government provided certain advantages to the airline, which has only two flights. We filed a lawsuit and won the case, thus we will also fly from Italy to Ukraine,” the airline’s Chief Commercial Officer David O’Brien said.

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ARX INCREASES PAYMENTS IN UKRAINE BY 15%

ARX Insurance Company (formerly AXA Insurance, Kyiv) in March 2020 paid customers almost UAH 89 million, which is 15% more than in the same period in 2019.
According to a press release from the insurer, the amount of average daily payments remains unchanged at about UAH 4 million.
The largest payment in March exceeded UAH 2.550 million and was made to an individual under a car insurance contract.
In addition, the medical assistance and contact center of ARX continue to work 24/7. The number of calls they received in March exceeded 40,000.
The company emphasizes that during quarantine it remains in touch with customers offline, online, in social networks, instant messengers. All products that ARX offers are sold as normal.
ARX has been operating in the insurance market for 25 years, the number of its customers is about 1 million. It is represented by 70 offices in all large cities of Ukraine, has 1,530 insurance agents, 90 operators of contact centers.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 06/04/20

National bank of Ukraine’s official rates as of 06/04/20

Source: National Bank of Ukraine

KYIVSTAR CONNECTS ANOTHER 43 UKRAINIAN SETTLEMENTS TO 4G NETWORK

The Kyivstar mobile communications operator has connected another 43 Ukrainian settlements to the 4G network, the company said on Monday.
The operator, in particular, connected the cities of Khmelnyk, Chyhyryn, Pustomyty, Komarno, Schyrets and others. Thus, the total number of settlements where high-speed mobile Internet services are available has exceeded 10,000.
According to the company, from 2018 to 2019, the volume of data traffic in the Kyivstar mobile network doubled, from 325 to 649 petabytes (PB).
As reported, Kyivstar in 2019 increased revenue by 19.6%, to UAH 22.392 billion, EBITDA by 39.4%, to UAH 14.683 billion. The number of mobile operator subscribers in the fourth quarter of 2019 decreased by 0.6% compared to the same period in 2018, to 26.2 million, while the number of fixed-line subscribers increased by 10.8%, to 1 million.
Kyivstar is the largest Ukrainian telecommunications operator. It provides communications and data transfer services based on a wide range of mobile and fixed technologies, including 3G. By the end of 2018, its services were used by about 26.4 million mobile subscribers and about 900,000 fixed Internet customers.