Business news from Ukraine

POROSHENKO APPOINTS SERHIY SHUTENKO AMBASSADOR TO GREECE

Ukrainian President Petro Poroshenko has appointed Serhiy Shutenko Ambassador of Ukraine to Greece.
“To appoint Serhiy Oleksandrovych Shutenko extraordinary and plenipotentiary ambassador of Ukraine to Greece,” presidential decree No. 267/2018 of September 3 states.
Shutenko, born in 1968, worked in the Mission of Ukraine to NATO, as the Consul General of Ukraine in Thessaloniki (Greece), the deputy director of the personnel department of the Foreign Ministry of Ukraine.

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KYIVSTAR INCREASES NUMBER OF M2M CARDS IN NETWORK BY 23% IN ONE YEAR

The Kyivstar mobile communications operator increased the number of М2М Sim cards (machine-to-machine) by 23% in July 2018 compared with July 2017, to 1.4 million.
The operator reported on its website that among leaders that used М2М Sim cards are security, finance, retail, energy spheres and agriculture, and one of the growth factors is development of the Internet of Things (IoT).
According to the operator, corporate clients have 92% of M2M cards: initially the technology was developed to automate business processes.
In a year, the number of М2М Sim cards among individuals grew by 78%.
“Our customers more often use smart devices with M2M SIM cards installed in them. Kyivstar has joined the projects with a large network player who not only works with a variety of different sensors, but can also ensure their reliable operation by creating an ecosystem for associations of M2M-cards and sensors,” Kyivstar director for business development in the corporate market Yevhen Krazhan said.
The company said that the largest share of M2M SIM cards Kyivstar (37%) is used for security systems of houses, offices, cars and other property.
M2M cards are used to automatically transfer data from a device to another device.

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REVENUE OF UKRAINIAN BANKS IN JAN-JULY 2018 7% UP

Revenue of Ukrainian banks, not taking into account insolvent banks, in January-July 2018 totaled UAH 108.913 billion, which is 7.17% more than a year ago, according to a posting on the website of the National Bank of Ukraine (NBU).
The number of banks for the period from August 1, 2017 to August 1, 2018, was reduced to 82 from 89. At the same time, the assets of banks during this period increased by 4.05%, to UAH 1.315 trillion, and total assets (not adjusted to reserves for covering possible losses from active operations) grew by 7.77%, to UAH 1.876 trillion.
The National Bank said the interest income of banks over the period increased by 9.37%, to UAH 78.045 billion, while the loan portfolio from August 1, 2017 to August 1, 2018 increased by 10.92%, to UAH 1.078 trillion.
Commission income rose by 3307%, to UAH 28.303 billion, other operating revenues also increased by 56.72%, to UAH 4.661 billion, other income by 21.06%, to UAH 799 million.
Expenses of the banking system over the period amounted to UAH 99.144 billion, which is 2.65% less than for the same period in 2017.
Interest expenses decreased by 8.19%, to UAH 39.154 billion, while the total amount of deposited funds, including term deposits from other banks, grew by 8.18%, to UAH 953.163 billion.
Net profit after taxes of Ukrainian banks in January-July 2018 totaled UAH 9.769 billion, while a year ago the loss of UAH 223 million was recorded.

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UKRAINE THRESHES 34.5 MLN TONNES OF GRAIN

Ukraine as of August 31, 2018 threshed 34.5 million tonnes of grain and leguminous crops from 10 million ha (67% of the target) with the yield of 34.6 centners per ha.
According to a report of the Agricultural Policy and Food Ministry last week, early grain and leguminous crops harvest was 34.3 million from 9.9 million ha with the yield of 34.8 centners per ha.
Some 26,000 tonnes of buckwheat was threshed from 20,000 ha (18% of the target) with the yield of 13.2 centners per ha, 29,000 tonnes of oats from 19,000 ha (37%) with the yield of 15.1 centners per ha.
In addition, some 489,000 tonnes of sunflower was harvested from 267,000 ha (4%) with the yield of 18.3 centners per ha and 75,000 tonnes of soybeans from 28,000 ha (2%) with the yield of 26.9 centners per ha.
Rapeseeds were harvested from 1 million ha (99%) with the yield of 26.1 centners per ha. Some 2.7 million tonnes were threshed.
Winter rapeseeds are being sowed now. Some 685,000 ha had been sowed out of the 888,000 ha target (77%).

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