Business news from Ukraine

Business news from Ukraine

BRAZILIAN IT COMPANY PLANS TO OPEN OFFICE IN UKRAINE

A large Brazilian IT company, Stefanini, with the value of assets of $1 billion, has announced expansion of its operations in Europe and opening of its office in Ukraine, the company has said in a press release. “Our international presence places us in a privileged position to offer and deliver new services in all corners of the world. We want to expand our operations in Europe, and Ukraine will be our next stop,” Stefanini’s global CEO Marco Stefanini said.
According to Stefanini, one of the factors that influenced the decision by Ukraine, in addition to the thriving IT market, is that 78% of workers in the sector have intermediate or high English proficiency.
“As a global company, it is essential to work with multilingual professionals. Our expectation by the end of the year is to have a staff of 50 in the Kyiv office that is most focused on support and application development,” Stefanini said.
According to the press release, recent reports show that Ukraine has more than 1,000 IT companies and employs about 100,000 workers. With rapid growth in this segment, the expectation according to research studies is that the number of technology workers will double by 2020.
Stefanini was founded in 1987. The company currently has more than 74 offices in 40 countries in America, Europe, Africa, Australia and Asia.

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ABC NEWS REPORTS ON NEW WHISTLEBLOWER IN TELEPHONE CONVERSATION BETWEEN TRUMP AND UKRAINIAN PRESIDENT

Another informant spoke with head of the intelligence community’s internal watchdog office Michael Atkinson as part of a scandal over a telephone conversation between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelensky, ABC News reported.
According to lawyer Mark Zaid, who represents the interests of this person, he has more specific data regarding the conversation between the presidents of the United States and Ukraine.
He turned to Atkinson to declare his intention to share this information. It is assumed that the data of this person confirm the information about the conversation previously transmitted by the first whistleblower, American media noted.
According to the report, the new informant is an employee of one of the U.S. intelligence services. Zaid noted that this person has not yet had direct contact with congressmen. Zaid also represents the interests of the first whistleblower in this case.
ABC News notes that, according to the first whistleblower, several officials of the U.S. administration have data on the telephone conversation between Trump and Zelensky.
The White House previously published a transcript of Trump’s conversation with Zelensky. The document follows that the American president in the conversation really told about the affairs of former U.S. Vice President Joe Biden and his son Hunter in Ukraine. However, based on the published document, it is impossible to draw an unambiguous conclusion about the pressure on Zelensky during the conversation. The president of Ukraine said earlier that Trump did not exert pressure on him.

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COALMINES OF DTEK ENERGY CUT PRODUCTION BY 6.8%

Coalmines of DTEK Energy in January-September 2019 produced 16.5 million tonnes of run-of-mine (ROM) coal, which is 6.8% less than in January-September 2018 (UAH 17.7 million tonnes).
According to the company’s press release, by the end of this year, DTEK Energy’s mines plan to produce a total of more than 23 million tonnes of coal.
“Successfully passing the heating period is task number one for all energy companies. DTEK, as a representative of thermal generation, accumulates sufficient coal reserves in the warehouses of thermal power plants before the start of winter. Our priority is domestic fuel. DTEK Energy’s mines produce 1.8 million tonnes per month. It is possible to achieve such indicators thanks to the hard work of our miners and constant investments in coal mining,” DTEK Energo CEO Dmytro Sakharuk said.

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TRADE BETWEEN UKRAINE AND BELARUS SHOULD EXCEED $6 BLN

Ukrainian President Volodymyr Zelensky says that trade between Ukraine and Belarus should exceed $6 billion.
“Trade between our countries exceeds $5 billion. I agree with Alexander Grigoryevich [Lukashenko] that we could and should achieve six, eight – we don’t want to stop – billion dollars,” he said at the Second Forum of Regions of Ukraine and Belarus in Zhytomyr on Friday.

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CONTRACTS WORTH $500 MLN SIGNED BETWEEN UKRAINE AND BELARUS

Ukrainian President Volodymyr Zelensky has hailed the strengthening of Ukraine-Belarus relations at both central and regional levels, as well as that of ties between certain businesses in the two counties.
“A forum like this strengthens the partnership between our countries in all spheres. And, which is highly important, this is not only at the level of capitals – Kyiv and Minsk – but also at the level of our regions and individual businesses,” Zelensky said at the 2nd Forum of Regions of Ukraine and Belarus in Ukraine’s Zhytomyr on Friday.
Commercial contracts valued at $500 million have been signed during the forum, he said.

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PRICES FOR CONSTRUCTION WORK IN UKRAINE 0.9% DOWN IN AUG

The prices for construction and assembly work in Ukraine in August 2019 decreased by 0.9% compared with July, while the increase in prices in July 2019 compared with June 2019 was 0.4%.
According to the State Statistics Service, these figures are given without taking into account the temporarily occupied territory of Crimea and Sevastopol and part of temporarily occupied areas of Donetsk and Luhansk regions.
According to the service, the rise in prices for construction and assembly work in August 2019 from August 2018 was 5.3%.
According to the report, in general the growth in prices for construction and assembly work in January-August 2019 compared with January-August 2019 amounted to 8.3%.
The decline in construction prices in August 2019 compared with June 2019 was recorded in all areas of construction.
The prices for construction and assembly work grew by 23% in 2018, and growth in 2017 was 13.4%, 9.2% in 2016 and 27.1% in 2015 compared with the previous year.

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