Business news from Ukraine

Business news from Ukraine

NUMBER OF KYIVSTAR SUBSCRIBERS VISITED EUROPEAN UNION 25% UP IN 2017

The use of mobile Internet in roaming by Kyivstar’s subscribers grew almost four times (by 293%) in 2017 compared with 2016, and the use of voice services rose by 70%, the company has said in a report.
In 2017, the number of roaming service users in the operator’s network grew by 10%, and the number of subscribers who use the mobile Internet in roaming doubled compared with 2016.
According to the operator, the number of Ukrainians who traveled to the countries of the European Union this year increased. Among the Kyivstar’s subscribers they were 25% more than in 2016.
Kyivstar said that Poland, Romania, Turkey, Hungary, Germany, the Czech Republic, Egypt, Russia, Moldova and Belarus became the most popular countries among roaming users by the end of the year.
Last year, Kyivstar reduced the cost of mobile services in roaming in 34 countries.
The operator provides international roaming services on five continents, in 195 countries. Roaming is connected automatically, as soon as the subscriber starts using mobile services.
Kyivstar is the largest Ukrainian mobile communication operator, serving about 26.4 million subscribers as of the end of the third quarter of 2017.
Kyivstar’s shareholder is international group VEON (earlier VimpelCom Ltd.). The group’s shares are listed on the NASDAQ exchange (New York).

UKRAINIAN CABINET OF MINISTERS APPROVES RULES FOR PAYING VAT IN INSTALLMENTS FOR IMPORTED EQUIPMENT

The Cabinet of Ministers of Ukraine has approved a procedure for paying value added tax (VAT) in installments during 24 months for imported equipment.
The decision was made with the condition of the revision of the rules during three days under a request of Head of the State Regulatory Service Ksenia Liapina.
“Manufacturers were waiting for the decision for eight years. It is important to give the unambiguous transparent mechanism. I see unambiguous statements in this decision now,” she said.
As reported, at the end of 2017 the Verkhovna Rada introduced a possibility of paying VAT for imported equipment in installments during 24 months for 2018-2019.

UKRAINE INCREASES POULTRY EXPORTS 1.8-FOLD IN JAN, 2018

Ukraine exported 19,690 tonnes of poultry in January 2018, which is 1.8 times more than in January 2017, the State Fiscal Service has reported.
According to its data, in monetary terms poultry exports increased 2.3-fold, to $30.4 million.
Poultry imports in January 2018 rose 1.7-fold, to 12,120 tonnes, in monetary terms 1.9-fold, to $5.3 million.
According to the service, pork exports in January 2018 decreased by 58.3% compared to January 2017, to 160 tonnes. In monetary terms the figure amounted to $380,000 against $690,000 in January 2017.
Pork imports to Ukraine for this period grew 4.4-fold, to 290 tonnes. In monetary terms pork imports amounted to $470,000, which is 3.7 times more than in January 2017.

UKRAINIAN GOVERNMENT SETS UP INTELLECTUAL PROPERTY COUNCIL

The Cabinet of Ministers at the initiative of the Ministry of Economic Development and Trade has decided to set up the Intellectual Property Council under the leadership of First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv, who will coordinate the processes for the functioning and development of a system for the legal protection of intellectual property in Ukraine.
“The creation of the council is another important step towards the development of the intellectual property system in Ukraine, which is an important priority for the work of the government. This also corresponds to Ukraine’s obligations under international agreements that are part of the world system for the protection of intellectual property rights,” Kubiv said.
According to the report, the council will act as an interim advisory body to the Cabinet of Ministers.
Its main tasks are coordination of interaction of executive authorities in the field of intellectual property, as well as development of proposals for the development of this sphere, ensuring Ukraine’s integration into the international and European intellectual space.

ANTONOV AIRLINES TOOK PART IN PREPARATIONS FOR FALCON HEAVY ROCKET LAUNCH

Antonov Airlines, a division of Antonov State Enterprise (Kyiv), has taken part in preparations for the launch of a super-powerful Falcon Heavy rocket from the launch pad at Cape Canaveral, Florida (the United States), Ukraine’s Embassy in the United States has reported.
“Ukraine’s Antonov Airlines took a direct part in preparations for the launch by providing its An-124-100 Ruslan aircraft for the transportation of rocket components. The issue concerns part of the main fairing of the rocket with dimensions that can get only into a powerful cargo plane as the Ukrainian Ruslan,” the embassy reported on its Facebook page on Wednesday.
The report notes that a month ago a Ukrainian aircraft traveled a distance of 3,613 kilometers within four-and-a-half hours, ensuring timely delivery of parts of the Falcon Heavy rocket for its timely launch at Cape Canaveral.
A new super-powerful Falcon Heavy launch vehicle lifted off from Cape Canaveral on its first test flight on February 6. The launch of the rocket was broadcast by SpaceX.
The company was preparing for the launch of the rocket for seven years.
The rocket stands 70 m tall, its core has a diameter of 3.66 m, and when fully assembled with its side boosters is 12.2 m wide and weighs 1,420 tonnes.
Tesla CEO Elon Musk’s personal car – a cherry red Roadster – was fired into space on board the Falcon Heavy. Last month, Musk wrote on Twitter that he really liked the idea of sending a car to an endless journey through space, where millions of years later it could be discovered by representatives of an alien civilization.

AUCTIONS TO SELL SMALL PRIVATIZATION FACILITIES COULD BE HELD IN JUNE 2018

The Economic Development and Trade Ministry expects that first auctions to sell small privatization facilities would start in June 2018, and amendments to over 35 bylaws are to precede this, as the parliament passed bill No. 7066 on the privatization of state-owned property.
“The task number one is to make all the necessary amendments, according to our calculations, to change more than 35 bylaws, of which three are relatively difficult. We hope that they would be adopted by the end of April. Accordingly, in May the first lots will be determined, and in June auctions to sell the first lots with small privatization facilities would be held,” First Deputy Minister of Economic Development and Trade Maksym Nefyodov said at a press briefing in Kyiv on Tuesday.
At the same time, he said that the Ministry of Economic Development and Trade is counting on the signing of the law on the privatization of state-owned property by the president this month.
As reported, the Verkhovna Rada in January passed in the second reading and as a whole the government bill on privatization of public property with technical and legal amendments, including the one granting investors the opportunity to obtain protection under English law.
Acting Head of the State Property Fund Vitaliy Trubarov said the new law establishes a time period of twelve months for privatization of large facilities and five months for small ones. If an enterprise’s assets in the previous year exceeded UAH 250 million, it falls under large privatization and will be sold with the assistance of an advisor, everything that is less is small privatization, which will take place exclusively on electronic platforms, he said.