Business news from Ukraine

Business news from Ukraine

LEADING UKRAINIAN MOBILE OPERATOR KYIVSTAR LAUNCHES NB IOT NETWORK

Kyivstar mobile communications operator is launching the Narrowband Internet of Things (NB IoT) network in the 1800 MHz frequency band (Band 3), the press service of the operator has told Interfax-Ukraine. The operator tested the NB IoT networks designed for smart devices in December 2018 and early 2019 in its laboratory using gas and water meters.
“Successful testing of the network allowed us to scale up the project and begin its implementation at client locations. In particular, the operator’s business clients in Kyiv and Odesa regions have already joined the network for testing it at their enterprises,” the company said.
The company plans to launch the NB IoT network for customers all over Ukraine, who can order both connection to the NB IoT network, “smart” devices and software for monitoring and control.
NB IoT is a Low Power Wide Area Network (LPWAN) radio technology standard developed by 3GPP to enable a wide range of cellular devices and services. The technology provides an environment for collecting data from various types of equipment: sensors, meters, and others; and provides two-way communication of devices operating in a 200 kHz frequency band. The data transfer rate in NB IoT is up to 200 kbps, which is sufficient for devices that periodically transmit small data of the same type.

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UKRAINE SEES 18.3% INCREASE IN PIG IRON EXPORT

Ukraine in January 2019 saw an 18.3% increase in pig iron exports in physical terms compared to the same period of 2018, to 276,408 tonnes.
During this period, the exports of pig iron in monetary terms increased by 25% to $95.082 million, the State Fiscal Service of Ukraine said in its customs statistics update.
At the same time, pig iron was shipped mainly to the United States (63.79% of deliveries in monetary terms), Italy (12.42%) and Mexico (11.01%).
In January 2019, Ukraine imported 21 tonnes of pig iron in the amount of $9,000, while in January 2018 imports totaled 50 tonnes worth $35,000. Imports were from Russia (100% of deliveries in monetary terms).

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KYIV SIKORSKY AIRPORT BOOSTS PASSENGER TRAFFIC BY 44%

Kyiv Sikorsky Airport in January 2019 handled 224,600 passengers, which was 44.2% more than in January 2018.
The number of passengers on international flights was 219,800 people and that on domestic flights was 4,800 people, the airport’s press service said. The number of flights handled by the airport in January 2019 was 2,282, both arrivals and departures, which was 21.6% more than the same period in 2018. In particular, there were 1,965 international flights and 317 domestic flights.
The most popular international destinations in January 2019 were Sharm el Sheikh (Egypt), Warsaw (Poland), Minsk (Belarus), Vienna (Austria), Ankara (Turkey), Frankfurt am Main (Germany), Berlin (Germany). Odesa, Lviv, and Zaporizhia were popular domestic destinations.
Kyiv Sikorsky International Airport (Zhuliany) is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic.
The airport has three terminals with a total area is 21,000 square meters. Terminal B is a separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft.
In 2018, the airport serviced 2.812 million passengers, which was 52% more than in 2017. The number of flights was 30,248, which was 30.1% more than 2017.

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METLIFE SEES 43% RISE IN PROFIT

PrJSC MetLife (Kyiv) saw UAH 166.5 million in net profit in 2018, which is 43.6% more than a year ago (UAH 115.9 million), according to the materials to the agenda of the general meeting of shareholders of the insurer scheduled for March 14, 2019.
Undistributed profit of the company for 2018 amounted to UAH 84.077 million, which is 2.5 times more than in 2017.
Last year, the company increased its assets 22.8% compared with 2017, to UAH 2.619 billion.
The net worth of the insurer for the year increased 18.5%, to UAH 325 million.
Total accounts receivable increased 28%, to UAH 49.6 million, cash and cash equivalents decreased 77.8%, to UAH 124.363 million, current liabilities increased 35.5%, to UAH 134.4 million, and long-term liabilities – by 22.7%, to UAH 2.159 billion.
Private joint-stock company MetLife, registered in 2002, is part of the MetLife international group of companies.

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