Business news from Ukraine

Business news from Ukraine

MASLENITSA WILL BE CELEBRATED NEAR KYIV ACCORDING TO ANCIENT TRADITIONS

If you are tired of the gloomy winter and waiting very much for the spring sun come to the «Kyivan Rus Park» to the biggest celebration of Maslenitsa in Ukraine on February, 29 and March, 1 2020.
The horse performances, ancient rites, burning large scarecrows, tasty pancakes with different fillings and various dishes prepared on open fire, gifts on the Maslenitsa`s post, traditional Slavic round dances and amusements, horse riding, master-classes, extreme rides, museums and expositions will be waiting here for the guests. In the evening – a spectacular fire program with shooting fire balls from the enormous Trebuchet and on Saturday – also a fire show.
And all of this in a real, live medieval city!
Ancient Kyiv opens at 10:00, the program starts at 13:30.
The ticket price: a full adult ticket – 250 UAH, for pensioners and students – 150 UAH, for schoolchildren – 80 UAH, for preschool children – for free.
Ancient Kyiv opens at 10:00. The program starts at 13:30.
Ancient Kyiv in the «Kyivan Rus Park» is located in Kyiv region, Obukhiv district, the vill. Kopachiv.
Route taxis leave from Kyiv from the «Vydubychi» metro station.
Details on the website www.parkkyivrus.com
The Interfax subscribers can save money with the “openbusiness-20” promo code for a 20%-discount for a full price adult ticket to the Principality of Kyivan Rus:
– by previous order by tel.: +38 044 461-99-37, +38 050 385-20-35
– or at the cash desk at the entrance to the «Kyivan Rus Park».

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 25/02/20

National bank of Ukraine’s official rates as of 25/02/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF FEBRUARY 25

Official rates of banking metals from national bank as of February 25

One troy ounce=31.10 grams

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KYIVSTAR SUBSCRIBERS DOUBLE USE OF MOBILE INTERNET IN ROAMING

The subscribers of Kyivstar mobile operator in 2019 used twice as much mobile Internet in roaming as in 2018, the company has said.
On average, one subscriber used abroad 550 megabytes and 16 minutes for calls in roaming.
In general, the number of Kyivstar subscribers who used roaming last year, according to the operator, grew by 18% compared to a year earlier.
The ranking of countries popular among Ukrainian tourists was led by Poland, followed by Turkey, Germany, Italy, and Egypt.
“Some 65% of all Kyivstar travelling subscribers visited the European Union,” the company said.
In 2019, the operator worked on expanding 4G Internet in roaming for its customers: high-speed 4G mobile Internet from Kyivstar can be used in 61 countries of the world, including all popular tourist destinations.

INTERNATIONAL FINANCE CORPORATION COULD ISSUE EUR32 MLN TO LVIV TO BUY TROLLEYBUSES

The International Finance Corporation (IFC) from the World Bank Group could issue EUR 32 million to Lvivelektrotrans municipal company for the purchase of 100 trolleybuses and reconstruction of contact networks.
According to the IFC’s website, the board of directors of the financial corporation intends to consider the relevant issue on April 30.
According to the report, in addition, within the framework of the Cities of Ukraine program, the IFC provides advisory support to Lviv on the issue of modernizing the city’s public transport system.
The report notes that at present public transport in Lviv is provided by two municipal operators: ATP-1, which operates about 200 buses daily, and Lvivelektrotrans (about 80 trams and 65 trolleybuses daily).
There are also four private operators that operate about 250 buses, most of which are small-capacity diesel buses (also known as minibuses). About 60% of passengers are transported by buses, 25% by trams and 15% by trolleybuses, the financial corporation said.
After the commissioning of new trolleybuses, it will be possible to modernize the overall system and optimize the public transport network.

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UKRAINIAN MOBILE OPERATOR LIFECELL SEES 14.4% FALL IN LOSS

Mobile communications operator lifecell in 2019 saw UAH 1.114 billion of net loss, which was 14.4% less than in 2018 (UAH 1.3 billion), according to financial statements of the company. The operator’s revenue grew by 13.6%, to UAH 5.984 billion.
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 17.4%, to UAH 3.243 billion, and EBITDA margin grew by 1.8 percentage points (pp), to 54.2%.
“In 2019, lifecell achieved positive dynamics in all key indicators, such as the subscriber base and revenue, Internet traffic consumption and the number of LTE users. Our company continues leading in the penetration of smartphones in the network – 80% in the fourth quarter of 2019,” Chief Executive Officer of lifecell Ismet Yazici said.
The operator’s capital investments in 2019 decreased 75.6%, to UAH 1.895 billion.
The active subscriber base of the company over the past year expanded by 1.4% to 7.4 million customers, the total number of subscribers in the operator’s network decreased 10.1%, to 8.9 million subscribers. At the same time, the average revenue per user (ARPU) increased 26.2%, to UAH 54, while the ARPU of the active subscriber base grew by 25.3%, to UAH 71.80.
The number of voice minutes per month used by a subscriber in 2019 increased 2.8%, to 149 minutes.
In the fourth quarter of 2019, operator’s revenue grew by 9.9%, to UAH 1.56 billion (versus UAH 1.42 billion in the fourth quarter of 2018). This growth in the company is explained by an increase in profits from the use of mobile Internet thanks to the constantly growing consumption of traffic in the network.
“The share of the company’s revenue generated by digital services and lifecell products in 2019 is 10%. Moreover, compared with 2018, the income from digital services of the company grew by 32%,” lifecell said.
In the fourth quarter of 2019, the operator’s EBITDA decreased 24.4% year-over-year, to UAH 0.819 billion, EBIDTA margin fell by 24.0 pp, to 52.5%.
“Also in the fourth quarter, lifecell began to capitalize on the cost of using radio frequencies in accordance with IFRS16, and the overall impact, including retrospective adjustments for the previous quarters of 2018, was reflected in the fourth quarter of 2018,” the company said in the report.
In 2020, lifecell plans to invest in the deployment of its LTE network.