Business news from Ukraine

Business news from Ukraine

UKRAINIAN 1+1 MEDIA GROUP TO DOUBLE MONTHLY PAYMENT FOR PRODUCTS IN Q2 2020

1+1 Media Group intends to double the cost of media products in 2020, simultaneously it will introduce a 50% discount for the first quarter, director of the distribution and broadcast development department of the group told reporters on Tuesday.
According to the published plans of the media group, starting from the second quarter of 2020, the cost of a package of group’s channels for one subscriber per month for providers will be UAH 6 for linear rights (SD and HD) and UAH 1.5 for Catch Up rights. In 2021, this cost will be UAH 7 UAH and UAH 1.75, UAH 8 and UAH 2 in 2022 respectively.
“In 2020, we will technologically make everyone equal: whether it is an analog cable operator, an OTT provider, a DTH platform or an IPTV provider: the pricing policy will be the same for everyone…At the same time, since there are both SD and HD, no added cost to be fixed for HD, we will not monetize it separately. This is our promise to providers, the added value to their market. Accordingly, from the second quarter of 2020, the price will total UAH 6. In 2021 and 2022 there will no longer be these sharp price spikes…Next, we will foresee adjustment for inflation the same as it works in the classical distribution,” he said.
Malchevsky also reported that for Q1, 2020 the company will introduce a 50% discount for all media products of the group.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 28

Official rates of banking metals from national bank as of August 28

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 28/08/19

National bank of Ukraine’s official rates as of 28/08/19

Source: National Bank of Ukraine

CAPITAL INVESTMENT GROWTH IN UKRAINE SLOWS TO 12.3% IN H1 2019

Capital investment in Ukraine in January-June 2019 grew by 12.3%, while in the first quarter of 2019 – by 17.8%, the State Statistics Service reported on Tuesday. According to the State Statistics Service, after an increase in investments in agriculture, forestry and fisheries in the first quarter by 2.1%, a decrease of 8.6% was recorded in the first half of the year.
In wholesale and retail trade, growth slowed down from 18.9% to 6.3%, in transport, storage, postal and courier activities – from 20.8% to 4.7%, while in industry – from 32% to 30.8%, and in construction, an increase from 3.4% to 5% was recorded.
According to the State Statistics Service, in the first half of 2019, UAH 234 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 in the first half of 2019 compared to the same period in 2018 was recorded in Volyn (by 76%), Kherson (by 68.5%), Mykolaiv (by 39.5%), Kyiv (by 25, 85), Chernivtsi (by 25.7%), Dnipropetrovsk (by 23.6%), Ternopil (by 21.4%), Luhansk (by 16.2%), Vinnytsia (by 12.3%), and Donetsk ( in 12.6%) regions.
According to statistics, capital investments for the reporting period decreased in Chernihiv (by 17%), Zakarpattia (by 15.8%), Zhytomyr (by 15.2%), Ivano-Frankivsk (by 9%), Odesa (by 7.2%), Rivne (5.1%) and Zaporizhia (4.4%) regions.
The main source of financing capital investment remains the own funds of enterprises and organizations, due to which 73.3% of the total volume of all investments has been used.
A significant share of capital investments was made in machinery, equipment and vehicles – 47.7%, buildings and structures – 43.6% of all investments.

UKRAVTODOR SEEKS TO INTRODUCE TOLL FOR LARGE TRUCKS FOR USING ROADS IN UKRAINE

The State Automobile Roads Agency of Ukraine, also known as Ukravtodor, plans to introduce the toll system for large trucks for using Ukrainian roads.
“It was my initiative to implement intelligent transport systems in Ukraine. In addition to Weight-in-Motion (WiM), this includes recording speeding and traffic analysis systems using cameras. The fourth part of the global intellectual transport system of Ukraine is tolling, that is, collecting payments from heavy vehicles for traveling on Ukrainian roads,” acting Head of Ukravtodor Slawomir Nowak said in an interview with Interfax-Ukraine.
He believes that the introduction of the toll will be a serious legislative change for Ukraine, which will significantly improve the condition of roads in the country.
“We need to pass a law that will regulate this toll. We urgently need to introduce an additional source for the Road Fund. There is a European principle: trucks, especially those that earn on transportation, must pay more for traveling on roads,” the acting head of the agency said.
According to Nowak, the volumes of road destruction due to overloaded transport are huge.
“The problem with overloaded tracks in Ukraine is very, very big,” he said.

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STATE-OWNED ENERGOATOM AND TURBOATOM SIGN FIVE-YEAR CONTRACT FOR MODERNIZING UKRAINIAN NPPS

State-owned enterprise National Nuclear Generating Company Energoatom and JSC Turboatom (Kharkiv) signed the five year (2020-2024) program on modernizing equipment of Ukrainian nuclear power plants (NPPs) on Tuesday.
According to a press release of Energoatom, the program involves the replacement of eight turbine condensers of nuclear power reactors, including four Russian-made condensers. After replacing the condensers, the total increase in power of reactors will be about 400 MW.
The document also provides for the modernization of flowing parts of turbine cylinders with a capacity of 200 MW and 1000 MW, including five turbines with a capacity of 1000 MW as part of import substitution. Modernization includes the replacement of rotor blades on existing rotors and diaphragms, which will increase the turbine’s power and its efficiency.
It is also planned to upgrade the high-pressure cylinders of the turbines of the Zaporizhia NPP, starting in 2020. Modernization of turbines will increase the capacity and efficiency of existing reactors of Ukrainian NPPs by 10%, which will provide a power increase of 70-100 MW at each reactor.
In addition, on Tuesday in Enerhodar (Zaporizhia region), an agreement was signed between Atomkomplekt (a separate division of Energoatom) and Turboatom for the manufacture and supply of a block-modular condenser for replacing the condenser of the K K-1000-60/1500 turbine at reactor five of Zaporizhia NPP in April 2020.
The parties also discussed a long-term repair program for the replacement of used spare parts.
“Four years ago, we gave a new powerful start to our cooperation, which is not only servicing the turbine park, but also the replacement and modernization of equipment. This will allow us to increase and improve the efficiency of nuclear power plants, to increase the generation of electric energy, which is important in conditions a new market, when every additional kilowatt-hour produced gives additional income,” Energoatom President Yuriy Nedashkovsky said.
According to the CEO of Turboatom Victor Subbotin, the volume of modernization at Energoatom for five years will exceed UAH 6 billion, which is a significant contribution to the utilization of production capacities and personnel of the enterprise.

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