The occupancy of Kyiv hotels in July-September 2018 was 52.4%, which is 4% more than in the same period of 2017, such statistics are presented in the study by CBRE Ukraine international consulting company (Kyiv).
“The key performance indicators of the hotel market in Kyiv continued to recover in 2018, especially thanks to the results in April, the month of the UEFA Champions League 2018 final. Thanks to a record high figure in April, when the average occupancy in the market reached 59.4%, the average occupancy rate by the end of the third quarter of 2018 amounted to 52.4% (2.1 p.p. more year-on-year),” CBRE Ukraine said in a report.
According to the report, by the end of the third quarter of 2018, the average price of a room was $106, which is 0.3% higher than in 2017. At the same time, the average yield of a room was 55.5%, which is 4.6 percentage points more compared to the same period of 2017.
According to CBRE Ukraine experts, the increase in profitability of rooms in luxury, upper upscale, upscale and upper midscale hotels was due to a rise in the average price, while the growth of profitability in economy and midscale hotels was due to a high occupancy.
CBRE is the largest consulting company in the real estate field with over 450 offices in the world and about 80,000 employees. The company’s shares are traded on the New York Stock Exchange.
The Ukrainian office of CBRE was opened in January 2008 and is part of the company’s affiliate network.
PJSC Ukrhydroenergo in January-September 2018 saw net profit rise by 22% compared to the same period of the previous year, to UAH 2.298 billion.
According to the financial statements posted on the company’s website, net income for the three quarters grew by 21% (UAH 991 million) and amounted to UAH 5.524 billion, gross profit by 29%, to UAH 3.272 billion.
As reported, in 2017 Ukrhydroenergo saw net profit fall by 33.7% (UAH 744.185 million) compared to 2016, to UAH 1.466 billion, net income by 4.7% (UAH 281.413 million), to UAH 5.716 billion, gross profit by 12.6% (UAH 423.322 million), to UAH 2.949 billion.
Ukrhydroenergo operates all the major hydroelectric power stations located in the Ukrainian parts of the Dnipro and Dniester rivers. The total installed electric capacity of the hydropower plants of the company (103 hydroelectric units) is 5,758 MW. The state represented by the Ministry of Energy and Coal Industry owns 100% of the company’s shares.
The IT industry of Ukraine will pay UAH 9-10 billion of taxes in 2018, according to a study of experts from IT Ukraine and Better Regulation Delivery Office (BRDO).
“In the first half of 2018, the amount of taxes paid by the Ukrainian IT industry increased by 30.1% and amounted to about UAH 5 billion. We predict that by the end of the year it will be UAH 9-10 billion, which will go both to the local budget and the country’s budget,” IT Ukraine said on its website, citing President of IT Ukraine, Managing director of GlobalLogic in Ukraine Ihor Beda.
IT Ukraine also said that, according to the State Fiscal Service, the amount of taxes paid by IT companies in 2014-2017 grew annually by an average of 27% and reached UAH 4.1 billion. In 2018, this trend continues.
A significant number of IT professionals collaborate with companies under contracts as individual entrepreneurs, independently paying the single social security tax. The volume of this tax, according to State Fiscal Service, amounted to UAH 3.2 billion in 2017.
According to a poll conducted as part of the survey, payment for the services of specialists is 80-85% of the costs of companies.
In addition, the importance of IT services in the structure of Ukrainian exports is growing rapidly.
“According to the results of the first half of 2018, IT services overtook pipeline transportation and became the second largest industry in the export of services – more than 20% of all exported services,” IT Ukraine said.
According to the survey of companies, revenues of the domestic IT business are predominantly of foreign origin – Ukrainian developers cooperate with the United States, the U.K., Germany, Canada, Israel, Sweden and Switzerland.
“If current conditions are maintained, the growth rate of the IT industry in the coming years will be 20-25%. But Ukraine’s potential in the field of IT products and services is much more… The growth of the industry by 25-30% is possible in the near future if the government and the state will focus on priority sectors and will start to solve urgent problems in a comprehensive manner,” Head of Epam Ukraine Yuriy Antoniuk said, being quoted in the IT Ukraine report.
He said that the pressing challenges of IT business in Ukraine are: employment of foreigners, the development of human capital and education, the elimination of obsolete legislative barriers, the development of the ecosystem and the creation of technology parks.
