Business news from Ukraine

Business news from Ukraine

DNIPROSPETSSTAL INCREASES OUTPUT BY 4.4%

Dniprospetsstal Electrometallurgical Plant (Zaporizhia) increased finished steel production by 4.4% in January-February 2020, compared to the same period in 2019, to 23,160 tonnes, steel production increased by 4.6%, to 32,788 tonnes.
According to the company’s press release, some 18,639 tonnes of steel were smelted in February, which is 31.7% higher than in January. Finished steel production amounted to 12,352 tonnes in February, which is 14.3% more than in January.
The total cost of commodity products produced in February 2020 amounted to UAH 509.833 million in current prices, for the two months of 2020 it amounted to over UAH 1.032 billion (commodity production amounted to over UAH 1.355 billion in January-February 2019, and it amounted to UAH 594.671 million in February 2019).
“In February, the plan for steel delivery at steel melt workshop No.5, powder metal workshop and drop hammer workshop was exceeded. In comparison with the planned tasks, the shipments to forge and press workshop and the hot pressing department of powder metal workshop were increased,” the press release says.

LARGEST UKRAINIAN TELECOM OPERATOR KYIVSTAR EXTENDS 4G NETWORK TERRITORY

Kyivstar has connected another 514 Ukrainian settlements in 22 regions to the 4G network, the company has said.
The operator, in particular, extended communications to Bilozerske, Sviatohorsk, Ostrom (Donetsk region), Zolote (Luhansk region), as well as to hundreds of villages in the territory where more than 306,000 people live. 4G communications services in the Kyivstar network became available for more than 76% of the population of Ukraine.
According to the operator, in 2019 the volume of data traffic use increased by 54% compared to 2018, to 4,263 MB per subscriber. Moreover, more than 50% of all traffic was used in the 4G network.
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.

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UBER SHUTTLE LAUNCHES EXTRA ROUTES

Uber has launched Uber Shuttle routes from Vyshneve and Bucha to Kyiv, the company’s press service has reported.
The routes from Vyshneve to Zhytomyrska metro station and vice versa, as well as from Bucha to Akademmistechko metro station and vice versa are available from 07:00 to 21:00 on weekdays.
“Each shuttle ride will have a fixed cost depending on the distance in kilometers: approximately UAH 25 from Vyshneve to Zhytomyrska and UAH 30 on the route from Bucha to Akademmistechko.
“By analyzing the data of Uber Movement, a service that helps solve transport problems, over the past few months we have seen that the suburbs of the Ukrainian capital continue to actively develop, and that the number of people who travel to Kyiv from there is constantly growing. That’s why we decided to expand our network of Uber Shuttle routes to Vyshneve and Bucha,” head of Uber development in Central and Eastern Europe Heorhiy Sokoliansky said.
Uber also launched a new application for Android users, especially for the Uber Shuttle service in Kyiv. This application allows users to view the available shuttle routes, select the desired landing time and reserve a seat for one or more people. The Uber Shuttle application’s users can also go to Google Maps, where a route will be shown to the stop at which the shuttle arrives.

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STATE-RUN UKRPOSHTA PLANS TO ATTRACT EUR 100 MLN FOR CONSTRUCTION OF NEW SORTING CENTERS

JSC Ukrposhta plans to attract a loan of EUR100 million for the construction of new sorting centers.
“We are now waiting for the finalization of a loan in the amount of EUR100 million over the next two or four months. These funds will be used to design new terminals and launch mobile branches,” Igor Smelyansky, the director general of the company, said at a meeting with reporters in Kyiv.
The company later told Interfax-Ukraine the funds raised are to be spent on the design and construction of three or four terminals, as well as on automation of about 30 depots.
According to him, the funds will be raised on market conditions, international financial organizations will become donors.
As reported, Ukrposhta plans to launch mobile branches in five regions in 2020, and plans to reach more than UAH 1 billion in profit by 2024.

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FC SHAKHTAR BEATS GERMAN WOLFSBURG

Donetsk Shakhtar FC has beaten German Wolfsburg with a score 2:1 away in the first match of the 1/8 finals of the UEFA Europa League. The match was held without spectators in connection with the epidemic of COVID-19 coronavirus in the world.
In the 17th minute, the score was opened by forward of the national team of Ukraine Junior Moraes. Five minutes later, the national team of Ukraine was able to follow up on their success, but Viktor Kovalenko did not convert a penalty. At the very end of the first half, the penalty was not converted by forward of Wolfsburg, Waut Weghorst.
In the debut of the second half, defender of the German team John Brooks equalized the score. And in the 73rd minute, Brazilian midfielder Marcos Antonio again brought the guests ahead and eventually brought Shakhtar a victory.
The return match, according to the competition calendar, was supposed to be held in Kharkiv on March 19, but its holding, like the rest of the matches of European football tournaments, is now up in the air because of the situation with COVID-19 coronavirus.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 13

Official rates of banking metals from national bank as of March 13

One troy ounce=31.10 grams

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