Business news from Ukraine

Business news from Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 27

Official rates of banking metals from national bank as of January 27

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/01/20

National bank of Ukraine’s official rates as of 27/01/20

Source: National Bank of Ukraine

NOVA POSHTA INTERNATIONAL SEEKS TO BOOST GLOBAL DELIVERY SERVICES BY 30%

Nova Poshta International, part of the Nova Poshta Group, plans to boost global delivery services by 30% in 2020 compared with 2019, Director of Nova Poshta International Yuriy Benevitsky told reporters on Thursday. “This market is very interesting to us. We will fight for it, including quality and speed of delivery. In 2018, we had 2.7 million international shipments, in 2019 – 26% more. This year we plan to increase the volume of global delivery services by 30%,” he said
As Benevitsky said, Nova Poshta performs fast delivery, therefore it focuses on more expensive and heavy packages.
In 2020, Nova Poshta plans to invest $100 million in infrastructure development.

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SKYUP AIRLINES LAUNCHES FLIGHTS TO GREECE FROM UKRAINE

SkyUp Airlines in May 2020 will launch flights from Kyiv, Lviv, Zaporizhia, Odesa, and Kharkiv to the cities of Greece.
According to the airline’s press service, flights to Heraklion (Crete island) will be launched from Kyiv on April 25. First they will be carried out on Saturdays and Sundays, and from May 26 they will be carried out on Tuesdays, Thursdays, Fridays, Saturdays, and Sundays. The cost of a one-way ticket with baggage is from UAH 3,300.
In addition, from May 30 flights to Corfu Island are launched from Kyiv, and from May 31 to Zakynthos (Zakynthos Island).
Flights to Corfu will be operated on Saturdays. The ticket price starts from UAH 3,400. Flights to Zakynthos will be performed on Sundays, the ticket price is from UAH 3,400.
Flights are launched only to Heraklion from Zaporizhia, Lviv, Odesa, and Kharkiv.
SkyUp LLC was registered in Kyiv in June 2016. The founder is ACS-Ukraine LLC of Tetiana and Yuriy Alba, who also own the JoinUp! tour operator.

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VODAFONE-UKRAINE TO RAISE $500 MLN OF EXTERNAL FINANCING FOR DEVELOPMENT

The shareholders of PrJSC VF Ukraine (provides mobile services under the Vodafone-Ukraine brand) on January 20 decided to provide prior consent to raising funds of up to $1 billion, but the company plans to gradually raise up to $500 million from external sources for the implementation of the development strategy, the operator’s press service has told Interfax-Ukraine.
“At the moment, the company is considering its development strategy. In the near future, we are considering options for phased attraction of external financing in the range of $500 million,” Viktoria Ruban, the head of the public relations department of Vodafone-Ukraine, said.
According to her, attracting external financing on favorable terms is consistent with the company’s development strategy and is a common practice in business.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, the company was allowed to sign loan agreements, agreements on commissions, orders from other transactions related to raising funds. The limit amount of such transactions is $1 billion (or UAH 24.253 billion at the NBU rate as of January 20, 2020).
The value of the company’s assets as of 2018 stood at UAH 21.479 billion.
The ratio of the marginal aggregate of transaction value to the value of the issuer’s assets according to the latest annual financial statements is 112.91%.

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SIEMENS DOUBLE BUSINESS IN UKRAINE IN PAST THREE YEARS

Siemens business in Ukraine has doubled over the past three years, the company expects to maintain such growth rates in the next three years, Director General of Siemens Ukraine Maciej Tomasz Zielinski has said.
“In the industries where we work – in energy, in the food industry, in business processes – we consider this possible with the right policy of the government of the country,” he told Interfax-Ukraine on the sidelines of the Ukrainian House, organized by the Victor Pinchuk Foundation, WNISEF and Horizon Capital in Davos.
According to him, the matter concerns the continuing of the policy of energy independence, increasing production efficiency, further developing the agricultural sector that can feed the whole of Europe and even more.
In addition, the expert noted a great development potential of the Ukrainian industry due to its digital transformation.
“There are not many countries that would be as good as Ukraine and have the potential for a leap,” he said.
At the same time, he called on Ukrainian companies to be more flexible, more market-oriented and customer oriented.
“Siemens offers technologies that improve efficiency and help our customers be more successful,” he added.
Siemens Ukraine, founded in 1997, is a supplier of products, services and integrated solutions for the energy sector, industry, transport, building automation and urban infrastructure. The central office is located in Kyiv, the regional branches are in Lviv, Dnipro, Kryvy Rih, Odesa, and Kharkiv.