JSC Ukrzaliznytsia (Kyiv) from 2020 seeks to implement the 40-50% drawdown among clerical personnel, a member of the board of Ukrzaliznytsia, Zeljko Marcek, has said.
“No one is going to cut 120,000 employees in one year. Work continues with the relevant ministry, government, and the World Bank on a program to gradually optimize staff over the next three or five years. There is a road map,” he said in an interview for the company’s project “12 Persons of the Ukrzaliznytsia Strategy.”
Marcek said that Ukrzaliznytsia will get rid of non-core assets.
Ukrzaliznytsia pays salaries to lumberjacks, foresters and dancers. On the balance sheet of the company are hundreds of enterprises not related to rail transportation. This Soviet heritage forces us to pay utility bills and land tax at a time when only 10 out of 200 social facilities are profitable. Therefore, we will have to get rid of assets not related to railways, rolling stock and communications facilities,” he said.
At the same time, according to Marcek, with the sale of non-core assets and a decrease in the number of employees, the wages of the main production personnel should increase significantly. In addition, programs will be developed that will attract qualified personnel and make the railway attractive to young people.
The net profit of First Ukrainian International Bank (FUIB, Kyiv) in January-September 2019 totaled UAH 1.994 billion, which is 36.8% more than a year ago (UAH 1.458 billion), according to quarterly financial statements of the bank posted on its website on Thursday.
The net profit in Q3 2019 amounted to UAH 728.905 million, which is 60.1% more than a year ago.
Net interest income in January-September 2019 increased 31% compared to the corresponding period of 2018, to UAH 3.884 billion.
The bank’s assets in January-September 2019 increased 3.2%, to UAH 51.444 billion, including loans issued to customers by 12.8%, to UAH 30.727 billion.
Bank liabilities from the beginning of the year decreased 1.2%, to UAH 43.029 billion.
The bank’s net worth for this period increased 33.1%, to UAH 8.415 billion. The charter capital remained at the level of UAH 3.294 billion.
FUIB was founded in 1991. The substantial shareholder in the bank is Rinat Akhmetov (99.9% indirectly).
According to the National Bank of Ukraine (NBU), as of July 1, 2019, FUIB ranked eighth (UAH 59.858 billion) in terms of total assets among 76 banks operating in the country.
JSC Kyivstar, the mobile communications operator, in July-September 2019 increased general income by 18.3% year-over-year, to UAH 5.828 billion, the company’s press service reported on Monday, referring to its quarterly financial statements.
The press service said that over the period Kyivstar increased earnings before interest, taxes, depreciation and amortization (EBITDA) by 33.1%, to UAH 3.772 billion, and EBITDA margin grew by 7.2 percentage points (p.p.), to 64.7%.
Revenue from mobile operator services in the third quarter amounted to UAH 5.466 billion, which is 18.8% higher than the indicator for the same period in 2018.
The volume of data traffic consumption increased 69.1%, to 3.969 GB per subscriber. At the same time, the consumption of voice services remained stable: on average 566 minutes per subscriber were used, which is 0.3% more than a year earlier.
The number of Kyivstar mobile Internet users increased 12.1%, to 16.3 million, and the total number of active subscribers by the end of the third quarter was 26.4 million, which were 200,000 less than a year earlier.
According to the company, average revenue per user (ARPU) from mobile communications increased 19.9%, to UAH 69.
Revenue from fixed line services increased 10.3%, to UAH 333 million. At the same time, the number of subscribers increased 11%, to 1 million. Fixed line Internet ARPU grew by 4.3%, to UAH 74.
Capital investments for the reporting period amounted to UAH 1.37 billion, which is 85.8% more than for the same period last year.
In general, in January-September 2019, Kyivstar increased revenue 20.9%, to UAH 16.577 billion, and EBITDA – 37.7%, to UAH 10.652 billion.
Kyivstar is the largest Ukrainian mobile operator. It provides communication and data transfer services based on a wide range of mobile and fixed line technologies, including 4G.
Changes in currency exchange, UAH/RUB, 30.08.19.-30.10.19.
Changes in currency exchange, UAH/EUR, 30.08.19.-30.10.19.
Ukraine since the beginning of the 2019/2020 marketing year (MY, July-June) and as of November 4, 2019 had exported 19.64 million tonnes of grain and leguminous crops, which is 42.9% more than on the same date last MY.
According to the information and analytical portal of the agro-industrial complex of Ukraine, to date, the country has exported 11.67 million tonnes of wheat, 4.39 million tonnes of corn, and 3.34 million tonnes of barley.
As of November 4 of this year, 118,600 tonnes of flour had been also exported.
As reported, Ukraine in the 2018/2019 MY exported a record 50.4 million tonnes of grain, legumes and flour, which is 23% more than in the previous MY.
The U.S. Department of Agriculture (USDA) in September raised its forecast for grain exports for the 2019/2020 MY by 400,000 tonnes compared with the August forecast, to 54.44 million tonnes.
