Business news from Ukraine

Business news from Ukraine

UKRAINE IN 2019 CLIMBS FOUR POSITIONS IN GLOBAL CONNECTIVITY INDEX PUBLISHED BY CHINA’S HUAWEI

Ukraine in 2019 climbed four positions in the Global Connectivity Index (GCI) published by China’s Huawei, the manufacturer of equipment for mobile communication. The company presented the data on November 26 at the Digital Transformation Forum in Kyiv. Over five years, the country’s GCI improved by 12 points, which is an impressive achievement among 79 countries participating in the study. In addition, according to the company, from 2015 to 2019, the penetration of mobile broadband in Ukraine increased from 8% to 65%.
In addition, Huawei expressed its willingness to work closely with Ukrainian partners to develop industry ecosystems and stimulate the socio-economic development of Ukraine, as well as share international experience in the field of high-speed communications and infrastructure sharing.
In particular, over the past 20 years, Huawei has established close partnerships with major Ukrainian telecom operators and enterprises and participated in the construction of the country’s information and communications technology (ICT) infrastructure.
According to Huawei, Ukraine saved between three and five years on the construction of an LTE network compared to other countries.

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REGULATOR APPROVES FEED-IN TARIFF FOR SOLAR POWER PLANTS IN UKRAINE

The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has approved a feed-in tariff of 15.03 eurocents per kWh for the solar power plant of Sunwin 2 LLC with a capacity of 10.3 MW and Sunwin 13 with a capacity of 20 MW (Poltava region).
The commission made the decision on Tuesday.
The tariff is in effect until January 1, 2030.
The commission also approved the tariff for Kalynivka-TERRA LLC’s solar power plant with a capacity of 11 MW (Mykolaiv region). The owner is former deputy head of Investor (Kharkiv) Hennadiy Hayevy.
The plant of Alveor-Energy LLC with a capacity of 10.8 MW (Mykolaiv region) obtained the tariff. It belongs to SPM-Invest, the ultimate beneficiary of which is Alla Kuznetsova.
The commission set the tariff for two phases of the plant of Chervona Hora Eco LLC with a capacity of 12.6 MW and 11.5 MW (Zakarpattia region). The plant belongs to South Korea’s GS Engineering & Construction Co. (GS E &C).
In addition, the regulator set the tariff for the plant of Consulting Solar LLC with a capacity 11.3 MW (Kirovohrad region).
According to the unified public register, Sunwin 2, Sunwin 13 and Consulting Solar belong to President of VR Capital Group asset management company (the United States) Richard Deitz.
Through Cyprus-based Wiltan Enterprises Limited he also owns Sunwin 12 and Sunwin 14, which in 2019 launched solar power plants with a capacity of 15.6 MW and 13 MW in Kirovohrad region. In addition, he owns Sunwin 5, which is implementing a project of the Morozovka solar power plant with a capacity of 70 MW in Kirovohrad region.
VR Capital together with ICU also built a 64 MW solar power plant near Kamianetz-Podilsky (Khmelnytsky region). They also complete the 35 MW solar power plant project in Kherson region.

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CAPITAL INVESTMENT IN UKRAINE IN JAN-SEPT GROWS BY 12.4%

Capital investment in Ukraine in January-September 2019 grew by 12.4%, while in the first half of 2019 – by 12.3%, the State Statistics Service has reported.
According to the State Statistics Service, in January-September 2019, UAH 379 billion of capital investment was disbursed (excluding the temporarily occupied Crimea, Sevastopol and the JFO area).
In the regional context, the largest increase in capital investment January-September 2019 compared to the same period in 2018 was recorded in Volyn (by 71.1%), Kherson (by 44.2%), Mykolaiv (by 34.7%), Poltava (by 29.3%), Kyiv (by 27.1%), and Dnipropetrovsk ( in 21.8%) regions.
According to statistics, capital investments for the reporting period decreased in Zakarpattia (by 15.3%), Vinnytsia (by 9.8%), Odesa and Chernihiv (by 8.6%), and Rivne (4.4%) regions.
In the industrial context, the largest increase in capital investment in the first nine months of this year was recorded in the field of research and development – by 79%, temporary accommodation and catering – by 67.5%, water transport – by 50.6%, advertising – by 44, 2%, professional scientific and technical activities – by 43.8%.
At the same time, in the field of postal and courier activities, the drop in capital investments amounted to 81.1%, information and telecommunications – 23.4%, agriculture, forestry and fisheries – 11.3%.
The main source of financing capital investment remains the own funds of enterprises and organizations, due to which 73.4% of the total volume of all investments has been used.
A significant share of capital investments was made in machinery, equipment and vehicles – 46.3%, buildings and structures – 45.6% of all investments.

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

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

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 27/11/19

National bank of Ukraine’s official rates as of 27/11/19

Source: National Bank of Ukraine

HUAWEI HOLD THE UKRAINE DIGITAL TRANSFORMATION FORUM 2019 IN KYIV

26th of Nov Huawei invited the stakeholders from government, operators, and industry partners to attend the forum. On the forum Huawei and the industry partners shared the views and suggestions regarding digital transformation of Ukraine.
Huawei introduced the global experience regarding the universal coverage and the infrastructure sharing, and all the stakeholders warmly discussed the development plan in Ukraine. Huawei said they would work closely with the Ukrainian partners to develop industry ecosystems, and drive Ukraine’s social and economic development.
In the 2019 Global Connectivity Index recently published by Huawei, Ukraine ranks four places higher than last year. Its GCI score has increased by 12 points in the span of five years, an impressive achievement among the 79 countries surveyed. From 2015 to 2019, the mobile broadband penetration in Ukraine increased from 8% to 65%.
During the past 20 years, Huawei has established close partnerships with major carriers, and enterprises to drive joint ICT infrastructure construction across the country. In the past three years, Huawei, together with local operators, has helped Ukraine achieve leapfrog development from 2G to 4G, saving three to five years of construction time compared with other countries.

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