Business news from Ukraine

Business news from Ukraine

UKRAINE IN 2019 EXPORTES 236,800 TONNES OF SUGAR

Ukraine in 2019 exported 236,800 tonnes of sugar, which is almost 2.5 times less than in the same period last year, the Ukrtsukor National Association of Sugar Producers has reported. “This year was not very favorable for Ukrainian sugar producers, and compared with the past year, we can see that exports have completely dipped: if earlier exports over the month reached 40,000-60,000 tonnes, then during the last six months, on average, we exported about 5,000 tonnes of sugar per month,” Ruslana Yanenko, the deputy chairman of the board of Ukrtsukor, said.
First of all, the expert associates this with the world surplus, which “pressed” the market and prices. In addition, according to Yanenko, Ukraine was gradually losing the markets of Africa and Asia, which once occupied the leading positions in the import of Ukrainian sugar, through growing competition from Russia and the EU.
“Next year, significant changes in the export perspective will not happen, as unfavorable world prices will continue to affect the decrease in raw materials and the reduction in sugar production, and competition in the markets that were most profitable for Ukrainian producers will intensify,” she said.
In addition, the association noted that in December 2019 some 6,900 tonnes of sugar were exported. Thus, in total for the four months of the current 2019/2020 marketing year (MY, September-August), 21,800 tonnes of sugar were delivered to foreign markets. This is almost 10 times less than in the same period of the last MY.

,

KYIVSTAR ISSUES UNIVERSAL SMART SIM STARTER KIT WITHOUT TARIFF PLAN

Kyivstar, a mobile operator, has released a universal Smart SIM starter kit without a tariff plan, which can be used, inter alia, for self-changing a SIM card, the operator’s press service has said.
Smart SIM can be used to connect the SIM for Devices tariff plan, to activate the SIM for Tablet service, as well as to independently replace the SIM card.
The SIM for Devices tariff plan allows using the services of the mobile operator in smart devices: alarms, GPS trackers, sensors, smart watches and the like. Every day, subscribers will receive 30 MB of mobile Internet, 30 minutes for calls and 30 SMS messages for their use in IoT devices.
The SIM for Tablet service allows using another SIM card for the Internet in the tablet, the second smartphone or modem, having one number and account for the primary and secondary cards.
In addition, in order to simplify the process of SIM card recovery, Kyivstar canceled payment for the Self-Swop of SIM service.
Earlier, Kyivstar launched the Calls for Parents tariff plan for older subscribers.
Kyivstar is a Ukrainian telecommunications operator. It provides communications and data transfer services based on a wide range of mobile and fixed technologies, including 3G. The shareholder of Kyivstar is VEON international group (formerly VimpelCom Ltd.). The shares of the group are listed on NASDAQ (New York).

, ,

NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 15/01/20

National bank of Ukraine’s official rates as of 15/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 15

Official rates of banking metals from national bank as of January 15

One troy ounce=31.10 grams

,

SKYUP AIRLINES LAUNCHES FLIGHTS FROM KIEV, LVIV, ODESA, KHARKIV TO ITALY

SkyUp Airlines has announced the launch of some flights to Italy from Kyiv, Lviv, Odesa and Kharkiv. The airline said on its Facebook page on Tuesday, in particular, the Kyiv-Rome-Kyiv flight will be operated from March 29 to October 24, 2020 three times a week – on Tuesdays, Thursdays and Sundays. The cost of one ticket without baggage from Kyiv to Rome starts from UAH 1,500, and back from UAH 2,200.
In addition, from March 29 to October 24, a flight will be operated on the route Kyiv-Milan (Bergamo). It will be performed three times a week – on Mondays, Wednesdays and Saturdays. The cost of a ticket from Kyiv to Milan starts from UAH 1,500, and back from UAH 1,600.
The flight Kyiv-Bologna-Kyiv will also be operated from March 29 to October 24, 2020. In particular, it will be serviced on Tuesdays, Thursdays and Sundays. The cost of a ticket from Kyiv to Bologna starts from UAH 1,500, and back from UAH 1,800.
Flight Kyiv-Lamezia Terme-Kyiv will be operated from May 30 to September 30, 2020 twice a week – on Wednesdays and Saturdays. The cost of a ticket from Kyiv to Lamezia Terme starts from UAH 2,100, and back from UAH 2,300.
The Lviv-Rome-Lviv flight will be operated from March 29 to October 24, 2020 three times a week – on Tuesdays, Thursdays and Sundays. The ticket price from Lviv to Rome starts from UAH 1,400, and back from UAH 1,900.
The Lviv-Naples-Lviv flight will also be operated from March 29 to October 24, 2020, but twice a week – on Tuesdays and Fridays. The ticket price from Lviv to Naples starts from UAH 1,100, and back from UAH 1,400.
In the same period, it is planned to launch the flight Lviv-Milan (Bergamo)-Lviv. It will be performed on Mondays and Fridays. The ticket price from Lviv to Milan starts from UAH 1,400, and back from UAH 1,500.
Flight Odesa-Lamezia Terme-Odesa will be operated from June 3 to September 30, 2020 only on Wednesdays. The ticket price from Odesa to Lamezia Terme starts from UAH 2,100, and back from UAH 2,200.
Flight Kharkiv-Lamezia Terme-Kharkiv will be operated from June 1 to September 28, 2020 on Mondays. The cost of a ticket from Kharkiv to Lamezia Terme starts from UAH 2,400, and back from UAH 2,600.

, , ,

STATE-RUN UKRPOSHTA TO INCREASE PROFIT BY 12% IN 2020

Ukrposhta intends in 2020 to increase its net income by 13.2% compared with the planned figures for 2019, to UAH 9.682 billion.
According to the text of the enterprise’s financial plan for 2020, posted on the website of the Ministry of Infrastructure of Ukraine, it is planned to increase profit by 12%, to UAH 1.7 billion respectively.
According to an explanatory note to the document, revenues from written correspondence are planned in the amount of UAH 2.429 billion (an increase of 8.1%), revenues from the parcel segment in the amount of UAH 1.201 billion (an increase of 21.5%), revenues from the distribution of periodicals some UAH 525.900 million (4.5%), income from pension payments some UAH 2.155 billion (an increase of 10.4%), from trade in the amount of UAH 590 million (an increase of 25.5%) compared to the financial plan for 2019.
Ukrposhta plans to attract credit resources from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank in the amount of UAH 1.722 billion in 2020 for the implementation of the Rural Branch and Logistics Network projects, but interest is not planned for them in 2020 under the terms of the loan agreement.
Expenses for wages to employees are planned in the amount of UAH 5.511 billion (a growth of 17.7%). The average monthly wage is UAH 6,887 (an increase of 18.9%).
It is planned to transfer funds in the amount of UAH 2.954 billion to budgets and state trust funds, which is UAH 374.7 million more than expected for 2019.