The world’s largest road travel marketplace BlaBlaCar has bought the Ukrainian automated bus passenger transport management company Octobus. According to a BlaBlaCar press release, Octobus is a cloud-based platform that enables bus carriers to automate their business processes, from sales and marketing to analytics, accounting and fleet management. It is expected that thanks to the joint efforts of Octobus and BlaBlaCar, bus carriers will receive key functionality that will help them to be competitive and increase the pace of development in the current market conditions. These include the ability to create own website and mobile application for online sales, as well as own call center for phone sales and a mobile application for drivers and staff.
The Octobus deal will allow BlaBlaCar to accelerate the digitalization of the bus market in Ukraine and scale it to countries where bus operators still sell most of their tickets offline at bus stations and ticket offices. In turn, BlaBlaCar users will have more choice for travel: carpooling in private cars or bus rides, the company said.
BlaBlaCar said that this decision was made for the platform as part of the overall development strategy.
“The Ukrainian bus market has great potential. Unlike European countries, the Ukrainian market consists of hundreds of bus operators. Many of them have their own business management system, which does not always meet the needs, since developing and maintaining such solutions is a rather expensive task. Carriers want to be engaged in transportation, not IT development. This is logical. At the same time, most of the companies, especially small ones, which still do business in Excel and even a notebook… We will offer carriers a technology with which they can provide an optimal online presence, optimize their business processes, focusing on the key tasks of their business, the quality of services provided for passengers and, as a result, increasing sales,” CEO of BlaBlaCar in Ukraine Oleksiy Lazorenko said.
In turn, the founder and CEO of Octobus, Ivan Kirov, added that for bus carriers the system will remain an independent tool for managing inventory and business processes, while existing BlaBlaCar partners will be able to use the service for free.
BlaBlaCar also announced raising a new EUR 97 million funding round. As the company said, the attracted investments will help maintain the current growth rates of the company, as well as develop the BlaBlaCar bus business, in particular in Ukraine. Among the company’s key objectives is to expand the network of bus partners and improve the platform to offer passengers a convenient and reliable way to buy tickets online.
BlaBlaCar is the world’s largest road travel marketplace (website and mobile app for iOS and Android) that brings together a trusted community of travel companions as well as official bus rides.
As of April 2021, the number of BlaBlaCar users exceeds 90 million in 22 countries.
Human rights activists from Reporters Without Borders (RSF) have published an annual press freedom index, in which Ukraine ranked 97th, Deutsche Welle reports.
As noted in the message, Ukraine has dropped in this rating compared to last year by one position. With reference to the Ukrainian Institute of Mass Information (IMI), RSF reports more than 170 incidents of violence against media workers in 2020. In general, the situation in Ukraine is characterized in the human rights organization as “problematic”, which is the average of five possible assessments.
The organization’s website reports that the deterioration of the situation with freedom of the press in Ukraine, as in many other countries, was significantly influenced by the COVID-19 pandemic. At the same time, RSF says that in the Ukrainian case, it is not about the consequences of the government’s offensive on freedom of speech, but about “the growth of social tension and the expression of hostility to the media”, which were fueled by the spread of the coronavirus and anti-epidemic measures. Human rights activists note that in Ukraine journalists were attacked by “irritated local businessmen and passers-by.”
The World Press Freedom Index 2021 ranking report was released on Tuesday, April 20, the message said.
The Filatov Institute of Eye Diseases and Tissue Therapy of the National Academy of Medical Sciences of Ukraine (Odesa), after the end of the coronavirus (COVID-19) pandemic, intends to resume work on the creation of branches in other countries, Director of the institute Natalia Pasechnikova has said.
“The demand for ophthalmological medical services is growing all over the world. The lack of highly qualified specialists has created the preconditions for the signing of memorandums on the establishment of branches of the institute in other countries [currently in China and Bulgaria]. Unfortunately, this issue is still difficult due to the pandemic. However, I hope that after humanity cope with the pandemic, we will be able to resume these projects,” she said in an interview with Interfax-Ukraine.
According to Pasechnikova, the institute receives offers of cooperation and participation in global international research.
“We have signed agreements on cooperation with organizations and companies in Israel, Switzerland, Germany, Mexico, India, and Hawaii. We cooperate with Linköping University [Sweden] in the development of an artificial cornea; we participate in a global study conducted by the National Institute of Health [U.S.] in the field of research of hereditary ophthalmological diseases and the development of technologies for their diagnosis,” she said.
The introduction of vaccination passports, which would be mandatory for international travel, is not a close prospect, head of the National Technical Group of Experts on Immunoprophylaxis, Associate Professor of the Department of Pediatric Infectious Diseases Fedir Lapiy said.
“Most likely, vaccination passports will not be introduced in the first half of 2021. This issue is only being discussed at the level of Europe, the United States and other countries, because apart from Israel and the Emirates, very few people are covered by widespread vaccination. Speaking about the United States, Germany, Great Britain and other countries, many people have not been vaccinated yet, so these are only discussions for now. This is not a very close prospect in fact,” he said during the online event entitled “Vaccination brings us closer,” dedicated to the current situation on vaccination in Ukraine, held with the support of the GSK Ukraine company on Tuesday.
Lapiy predicts that a decision at the level of individual states or at the global level regarding the so-called vaccination passports will not be made in the first half of 2021.
At the same time, he noted that at present in Ukraine, everyone who is currently being vaccinated against COVID-19 is entered into the electronic database.
“Ukraine is negotiating on the recognition of these electronic databases,” he said.
In turn, Deputy Director of the Department of Medical Services and Medicines of the National Health Service of Ukraine Hanna Fenchak, noted that the National Health Service of Ukraine is currently studying the possibility of combining information on vaccination from the e-health system with international databases.
“We are studying WHO’s requirements for the information that is downloaded from our unified e-health database to be accepted in other countries of the world,” she said.
PrJSC Ivano-Frankivskcement (Yamnytsia, Ivano-Frankivsk region) received UAH 1.31 billion in net profit in 2020, which is 60% more than in 2019.
According to the company’s report in the information disclosure system of the National Securities and Stock Market Commission on the online annual meeting of shareholders on May 20, net earnings per share amounted to UAH 990.18 (versus UAH 618.68 in 2019).
Retained earnings of the company in 2020 increased by 37% compared to the previous year, to UAH 3 billion. Total accounts receivable increased by 56.4%, to UAH 533.5 million, long-term liabilities decreased by 24.7%, to UAH 772.9 million, and current ones by 1%, to UAH 1.27 billion.
Over 2020, the company’s assets increased by 12% and amounted to UAH 5.31 billion.
In addition, the shareholders intend to allocate UAH 215 million to pay dividends from profits for 2018 and 2019, and retain profit received over the last year. It is also planned to terminate the powers of the entire supervisory board of the company.
PrJSC Ivano-Frankivskcement was established in 1999 by transforming Ivano-Frankivsk Cement and Slate Combine, based on the cement plant in 1964. It is engaged in the production of cement, slate, plaster, and gypsum medical bandage. The enterprise exports its products to Romania, Moldova, and Belarus.
The major shareholder of the company for the first quarter of 2020 was CemIn West SA (96.6125%, Geneva, Switzerland). The ultimate beneficiary is Mykola Kruts.
The charter capital totals UAH 133.1 million as of for April 2021.
Concorde Capital investment company expects the Ukrainian economy to grow by 4.1% in 2021 with inflation of 8% and an average annual rate of UAH 27.60/$1, according to the company’s updated macroeconomic forecast publon Tuesday.
According to the forecast, at the end of the year the exchange rate will be about UAH 28.20/$1, the current account balance will remain positive – $0.5 billion and reserves will grow to $30.5 billion.
Concorde Capital estimates that GDP fell by 2.7% in the first quarter.
The company also said that the revaluation of the hryvnia stopped due to the increased risk of renewed military aggression, and the same risk led to a further weakening of nonresidents’ interest in the Ukrainian debt market.
Concorde Capital estimates the total need of the state budget for financing at $11.8 billion, of which $4.4 billion will be raised in the domestic market via government bonds, $1.8-4.6 billion from international financial institutions, which forces the country to look for another $5.5-2.8 billion elsewhere.
The company said that as of April 19, net attraction in the government bond market amounted to only UAH 6 billion, although last year the result was even worse – minus UAH 3 billion.
Concorde Capital expects growth to slow down to 3.5% next year, while inflation will drop to 5.5%.
