Business news from Ukraine

Business news from Ukraine

SOPHARMA FROM BULGARIA INCREASES SALES IN UKRAINE BY 35%

Sopharma AD pharmaceutical company in January-June 2019 increased sales in Ukraine by 35% compared to the same period in 2018.
The company reported that, in general, in the first half of 2019, revenue from the sales to European countries rose by 13% compared with the first half of 2018.
The main reasons for sales growth in Europe are higher sales in Ukraine, as well as in Russia, where sales in January-June grew by 7%.
As reported, in 2014 Sopharma reduced sales in Ukraine by 37%, but in 2017 the company expressed confidence in the resumption of sales growth in Ukraine.
In Ukraine, Sopharma AD has been controlling PJSC Vitamins since January 2008, and in August 2012 it established the subsidiary Sopharma Ukraine LLC (Kyiv) to optimize trading business.

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AMERICAN CHAMBER OF COMMERCE INTERESTED IN DEVELOPING DIGITAL ECONOMY IN UKRAINE

Representatives of the American Chamber of Commerce (ACC) and adviser to the president of Ukraine Mykhailo Fedorov have discussed the problematic issues of work in Ukraine and the prospects of development of digital economy, according to the official website of the president of Ukraine.
American business representatives focused, in particular, on searches at IT companies, IT industry taxation and access to infrastructure to install the telecommunications equipment of providers, as well as the key interests in the development of mobile and fixed broadband Internet, electronic court and the adoption of priority bills necessary for the IT industry.
The report says that all the above mentioned proposals will be considered by the Office of the President of Ukraine in order to attract innovative American business to the development of the digital sphere in Ukraine.
“We are very interested in attracting the capabilities of members of the American Chamber of Commerce to the development of joint projects in the field of broadband Internet, electronic identification, and so on,” Fedorov said.
ACC representatives expressed interest in the development of digital economy in Ukraine.
Fedorov presented a digital action plan during the meeting.
“The development of digital economy should be priority number one for Ukraine. We must implement the digital transformation of the existing sectors of the economy and create favorable conditions for the emergence of new ones. Otherwise, we risk lagging behind the leading economies of the world forever. Together with the core business and the public, we have defined clear objectives and goals until 2024,” he said.

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LARGEST UKRAINIAN ONLINE SHOP ROZETKA.UA LAUNCHES VIRTUAL TOURIST AGENCY

The largest Ukrainian online shop Rozetka.ua (Rozetka.Ua LLC, Kyiv) to launch Rozetka.Travel virtual tourist agency.
A new online service will make it easy to buy an online tour from the reliable tourist operators in single-click ease without visiting the tourist agency. The tourist now may get all the necessary documents, namely a contract with a tour operator on providing tourist services, air tickets, a voucher for check-in, a medical insurance, by e-mail and check them in his personal account.
“Everyone got accustomed to easily buy online tickets, book hotels, apartments all over the world. Since purchase of a tour on popular charter destinations (Turkey, Egypt, Greece and other countries) still somehow foresees visiting of a travel agent. We want to change this for everyone could easily spending in a couple of minutes to choose the best suitable tour, to pay for it without danger and to set down for the trip with no worries,” a press service of Rozetka CEO Travel quotes Yulia Chelikpazu as saying.
Now the system has already switched to Anex Tour, TUI, Tez Tour, Pegas Touristik, Mouzenidis Travel Ukrainian tourist operators, which according to Chelikpazu have technical means to download the tours via the Rozetka.
At present times Rozetka. Travel is working in beta-testing regime. Besides, round-the-clock customer support telephone service works, the offline sales points to be set.
Rozetka was founded in 2005 in Kyiv as an online store of electronics and home appliances. In subsequent years, the company was transformed into a multi-category online supermarket.
According to its website, as of May 2019, Rozetka has four stores in Kyiv and three in Odesa.

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PROCREDIT BANK SEES 2.6% UP IN NET PROFIT

The net profit of ProCredit Bank (Kyiv) through January-June 2019 amounted to UAH 320.998 million, which is 2.6% more than in the same period of 2018 (UAH 312.901 million).
According to the bank’s quarter report posted on its website, its net interest income in the first half of the year increased by 14.6% compared to the corresponding period of 2018, to UAH 606.106 million.
The bank’s assets for the six months increased by 2.3%, to UAH 21.479 billion, loans and customers’ debts by 2.2%, to UAH 16.893 billion.
The liabilities of the bank for this period rose by 0.9%, to UAH 18.175 billion, net worth decreased by 10.8%, to UAH 3.305 billion.
The charter capital in the first half of 2019 remained at the level of UAH 1.424 billion.
ProCredit Bank (formerly Microfinancial Bank) was founded in 2001. Its only shareholder on January 1, 2019 was ProCreditHolding holding 89.3226% of shares.
ProCredit Bank ranked 16th among 77 operating banks in Ukraine as of April 1, 2019 in terms of total assets (UAH 21.663 billion), according to the National Bank of Ukraine.

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REVENUE OF LOCAL BUDGETS’ GENERAL FUND IN JAN-JUNE 2019 AMOUNTES TO UAH 128.8 BLN

Revenue of the general fund of local budgets in January-June 2019 amounted to UAH 128.8 billion, excluding intergovernmental transfers, which was 19.6% higher than last year’s figures for the period, Ukraine’s Finance Ministry has said in a macroeconomic review for the first half of the current year. “The general fund of the local budgets excluding intergovernmental transfers received UAH 128.8 billion, which is 19.6% more than last year due to higher wages and business invigoration,” the Finance Ministry said.
As the State Treasury Service said, the local budgets in the first half of this year received UAH 283.58 billion in revenue. This includes UAH 264.95 billion (inclusive of intergovernmental transfers) sent to the general fund. Spending of the local budgets for this period amounted to UAH 261.48 billion, including UAH 225.75 billion taken from the general fund.
Among tax revenues, the largest growth in revenue transferred to the local budgets showed actual real estate tax payments, which grew by 32% compared to last year’s figure, up to UAH 2.108 billion.
The balance of the local budgets on deposit accounts at banks at the beginning of July amounted to UAH 7.6 billion, the review said. Funds from the general fund of the local budgets on deposit accounts shrank to UAH 3.4 billion, compared to UAH 8.6 billion in the first half of 2018, because the Cabinet of Ministers banned depositing assets of the general fund at banks this year.

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12,000 HOUSEHOLDS INSTALL SOLAR PV PANELS IN UKRAINE

There were about 12,000 households using solar photovoltaic (PV) panels with a total capacity of about 280 MW in Ukraine as of July 1, 2019, the press service of the State Agency on Energy Efficiency and Energy Saving of Ukraine said on Tuesday.
“The volume of households’ investment in 280 MW solar PV panels reached more than EUR 240 million,” the press service quoted head of the Agency Serhiy Savchuk as saying.
According to him, more than 3,000 households installed solar PV panels with a total capacity of over 85 MW in the second quarter of 2019 alone.
“This is more than twice up on the first quarter of this year (1,400 households),” Savchuk said.
Leaders in installing solar PV systems by households are Dnipropetrovsk (more than 1,500 systems with about 40 MW). It is followed by Ternopil region with more than 1,200 systems with about 33 MW and Kyiv region with the city of Kyiv with more than 1,000 households that installed solar PV panels whose total capacity is about 20 MW.
“Given that there are 6.5 million households in Ukraine, the potential for the market for using solar panels is considerable,” the agency added.

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