Business news from Ukraine

CANADA AND WORLD BANK WILL HELP UKRAINE FORM TELEMEDICINE NETWORK

Canada and the World Bank will assist Ukraine in the reform of rural medicine and the formation of a telemedicine network, Ukrainian President Petro Poroshenko has said.
“I am very grateful to our Canadian partners who supported my program on the development of rural medicine and the World Bank. Together they provide us with the necessary assistance for the formation of a telemedicine network in Ukraine,” Poroshenko said in a video on his Facebook page.
The president noted last autumn UAH 4 billion was allocated for a program for the development of rural medicine.
“These are the funds previously stolen by Yanukovych [former president of Ukraine Viktor Yanukovych] and returned to the budget. In addition, an extra UAH 1 billion is foreseen for rural medicine for 2018,” Poroshenko said.
The president stressed $700 million was issued by Canada for the implementation of reforms in Ukraine and more than $12 billion during 25 years are provided by the World Bank to support the reforms. According to him, some of these funds will be spent on reforming the healthcare system.
“We’ve agreed that part of the funds will be used for the reform of rural medicine, the creation of telemedicine,” the president said.
According to Poroshenko, the introduction of telemedicine is a modern technology for medical services in rural areas and also an effective world practice. According to Deloitte, about 100 million calls to doctors through the means of telemedicine are expected worldwide in 2020.

LARGEST MOBILE OPERATOR KYIVSTAR PLANS TO INSTALL 600 NEW BASE STATIONS IN UKRAINE

Kyivstar, the largest mobile operator in Ukraine, plans to install 600 new base stations in 2018, company president Peter Chernyshov has told Interfax-Ukraine.
“In 2017 the company began installing additional equipment for 4G communications at the existing base stations. In 2018 Kyivstar plans to install another 600 new base stations. We will build a network that will allow the company to remain a leader in the quality of communications and services,” he said.
Chernyshov said that, taking into account the development strategy adopted by the operator, the company plans to connect more than 500 previously installed base stations operating in the 2600 MHz band this year.
According to him, in particular, it is planned to develop the new mobile communications technology (4G, LTE) in this range in megacities and large cities such as Kyiv, Dnipro, Kharkiv, Odesa, and Lviv. He noted that Khmelnytsky is also in the list, as in the city Kyivstar occupies almost 80% of the market. In addition, this equipment has already been installed at border crossing points, in places of summer rest, such as, for example, Zatoka (Odesa region).
Chernyshov said base stations for the 2600 MHz band are needed for the operator to enhance the work of 4G in the 1800 MHz band.

TRADE BETWEEN UKRAINE AND AUSTRIA 17% UP IN 2017

The volume of trade between Ukraine and Austria for 2017 grew by 17%, Ukrainian President Petro Poroshenko said at a joint press conference with Austrian Federal President Alexander Van der Bellen in Vienna. According to him, Ukraine is satisfied with the dynamics of relations with Austria politically and economically, and hopes for further support, in particular, regarding the positions on Donbas.
“We’ve held fruitful and useful talks with the president, discussed the celebration of the 25th anniversary of the restoration of diplomatic relations between the countries and expansion of economic cooperation,” he said. In addition, Poroshenko said he had invited his Austrian counterpart to visit Ukraine, and he agreed.
“The Federal president has accepted my kind invitation to visit Kyiv in mid-March, and we are looking forward to your visit,” Poroshenko said.
“We’ve agreed that during the visit we will try to organize a business forum so that Austrian investors could see with their own eyes how attractive investments in Ukraine are now, how much the investment climate has improved,” he said.

KYIV MAYOR VITALI KLITSCHKO INTENDS TO BUILD TWO NEW METRO STATIONS IN KYIV

Kyiv authorities plan to commission two new metro stations of Kyiv Metropoliten – Prospekt Pravdy and Mostytska – within three years, Kyiv Mayor Vitali Klitschko has said.
“We plan to build and put into operation two new metro stations to Vynohradar within three years,” he said at a session of Kyiv City Council, summarizing the work of the city authorities over the past year and outlining plans for 2018.
According to the Kyiv mayor, among the main tasks is the completion of the Podilsko-Voskresensky Bridge, which is an important part of the project for the construction of metro to Troyeschyna.
In addition, Kyiv will begin the implementation of the project to build a pedestrian bridge, which will connect two tourist areas – Volodymyrska Hirka and the Druzhby Narodiv Arch.
It is also planned in 2018 to reconstruct Shuliavsky overpass and renew the rolling stock of public transport.
According to Klitschko, due to the increase in the revenue part of the city budget in 2018 to UAH 49.1 billion, the capital’s estimate envisages significant expenses for medicine, education and social protection.

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.