Business news from Ukraine

Business news from Ukraine

MAJOR EXPORTS OF TITANIUM ORE FROM UKRAINE ARE MADE TO EGYPT, MEXICO, CZECH REPUBLIC

Ukraine in January-May 2019 increased exports of titanium containing ore and concentrate in kind by 6.1% compared to January-May 2018, to 257,369 tonnes. According to customs statistics released by the State Fiscal Service, over the period exports of titanium ore and concentrate in monetary terms increased by 23.5%, to $62.121 million.
Major exports were made to Egypt (19.94% of deliveries in monetary terms), Mexico (16.52%), and the Czech Republic (14.72%).
Ukraine in January-May 2019 imported 243 tonnes of similar products worth $171,000 from Senegal, while in January-May 2018 it imported 15,457 tonnes of titanium ore and concentrate worth $2.854 million from Senegal.
As reported, Ukraine in 2018 increased exports of titanium containing ore and concentrate in kind by 2.7% compared to 2017, to 599,494 tonnes. Last year exports of titanium ore and concentrate in monetary terms increased by 19.5%, to $125.722 million. Major exports were made to the Czech Republic (19.41% of deliveries in monetary terms), Turkey (17.96%), and Russia (15.68%).
Ukraine in 2018 imported 15,874 tonnes of similar products worth $3.142 million from Senegal and Mozambique, while in 2017 it imported 202 tonnes of titanium ore and concentrate worth $143,000 from Senegal (87.41%), Finland (10.49%), and Iran (2.1%).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.

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ERICSSON-UKRAINE ESTIMATES SHARE OF 4G INTERNET USERS

The share of 4G Internet users in Ukraine by late 2019 would double, to 16%, Leading Expert for Designing Mobile Communications System at Ericsson Ukraine Volodymyr Yereschenko has said. “The number of 4G users relative to the share of all other technologies will increase approximately twice in a year,” he told Interfax-Ukraine in Kyiv on Thursday after the presentation of the June Ericsson Mobility Report.
The low rate of coverage of users of the 4G network Yereschenko explained, in particular, by limited coverage and the lack of a sufficient number of subscriber terminals.
“4G was started to be built only recently, about a year ago. They installed equipment in big cities. At the same time, there is no coverage in small cities, villages, on the highways – this is the first reason. The second is that not all subscriber terminals support 4G. Many terminals are connected to operators’ networks without 4G support, as well as some users still have not replaced old SIM cards with eSIM (with 4G support). As practice shows, the terminal is changed once in several years,” he said.
Industry Marketing Director at Ericsson Peter Jonsson also said that such low coverage of 4G users indicates a potential for further growth.
“8% is not enough, but it also means that there is potential. According to GSMA, by 2024 the percentage of 4G users can grow to 50%. As a rule, the further growth of the share depends on the cost of 4G subscriptions, availability of coverage and terminals as well as the profitability of the transition from 3G to 4G for operators,” Jonsson said.
In 2018, the share of 4G users in Ukraine was 8%, 3G was used by 52%, and another 35% were connected to 2G, Jonsson said.

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WHITSUN TO BE CELEBRATED IN BIG WAY NEAR KYIV

On June, 15, 16 and 17 Whitsun will be celebrated in the «Kyivan Rus Park» according to the ancient traditions, with thrilling medieval amusements. The guests will be awaited by the horse shows and theatrical stagings based on ancient Slavic bylinas. And also historical museums and expositions, horse riding, interesting competitions, master-classes, dance flash mobs and Slavic round dances.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
The ticket price: a full adult ticket – 200 UAH, for pensioners and students – 150 UAH, for schoolchildren – 60 UAH, for preschool children – for free.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydybitchi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JUNE 12

Official rates of banking metals from national bank as of june 12

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 12/06/19

National bank of ukraine’s official rates as of 12/06/19

Source: National Bank of Ukraine

LARGE U.S. PRODUCER OF E-CIGARETTES ENTERES UKRAINIAN MARKET

The large U.S. producer of e-cigarettes – JUUL Labs – is entering the Ukrainian market, which will be the 14th international market for the company.
“We will be represented in Ukraine by the original American product. The Cigar House Fortuna will become our distribution partner. We will be represented in the six largest cities of the country – Kyiv, Odesa, Lviv, Kharkiv, Dnipro and Zaporizhia. We plan to enter 1,000 retail outlets. Products in stores will appear in the middle of next week,” General Manager of JUUL Labs for Ukraine and the CIS Ivan Darkov said at a press conference in Kyiv on Tuesday.
According to him, the company intends to oblige each outlet to sign a contract with the distribution partner that it will identify every customer who buys the product.
“If an outlet does not comply with the demand, the company will stop supplying its products. We do not plan to go on Facebook, Instagram, as these channels are aimed at popularizing the product mainly among young people, and also sell products through other online sales channels,” Darkov said.
He said that now the company has no official representation in Ukraine, as well as plans to open its own production.
“In Ukraine, there are more than 8 million adult smokers of traditional cigarettes. Based on the price, our product belongs to the premium segment. We plan to have over 200,000 customers for our products in Ukraine in three years,” the company’s general manager in Ukraine and the CIS said.
In addition, according to him, JUUL Labs intends to participate in the development of bills to regulate the market of e-cigarettes in Ukraine.

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