Page 73 - UKRRptNov19

5.8 t/ha, and its sunflower yield increased 13.7% y/y to 3.5 t/ha, while its soybean yield slid 13.3% y/y to 2.6 t/ha.
9.2.7 TMT corporate news
SCM and Raga reach settlement in Ukrtelecom dispute A subsidiary of the SCM Holdings and Raga Establishment Ltd. “formally and finally settled the dispute” concerning the sale of Ukrtelecom in 2013, SCM's press service reported on Oct. 1. The deal means that all the ongoing legal proceedings shall be discontinued, the press release clarified. No other details of the settlement have been disclosed. Recall, Raga claimed earlier it sold a 92.8% stake in Ukrtelecom to SCM for an agreed price of $860mn, while it only received payment of $100mn. In May 2018, the London arbitration court ruled in favour of Raga, thus making SCM liable to pay about $821mn in compensation. As a part of litigation, some of SCM's Cyprian assets were frozen between December 2017 and June 2018. SCM Holdings is owned by Ukrainian citizen andbnaire Rinat Akhmetov, while Raga is controlled by a Ukrainian citizen.
Russia’s MTS may sell control of Vodaphone Ukraine, the nation’s second-largest cellphone company, to Bakcell, Azerbaijan’s second-largest cellphone company. Ukraine’s anti-monopoly committee said on Facebook that it had granted Bakcell permission to buy more than 50% of Preludium B.V., the Dutch vehicle that MTS uses to own Vodaphone Ukraine. With 3mn subscribers, Bakcell network has 7,500 thousand base stations, reaching 99% of Azerbaijan’s 10mn people.
Nova Poshta, the delivery company, says it will record the second year of 20% growth in 2019, hitting 200mn parcels delivered to 8mn customers. To reach this goal, the company is expanding its offices this year to 6,200, half of them in villages. Nova Poshta is halfway through a 2-year to build six high- speed sorting centres. On Sept. 20, a $10mn sorting centre was opened in Lviv. Equipped with Dutch Vanderlande machinery, the Lviv centre can sort 250 parcels a minute.
Nova Poshta launches commercial air delivery service, the company reports. A standard package will be charged 30 UAHper kilogram, about $1.25. Packages have a maximum weight limit of 30 kilograms. The new service is aimed at providing speedy delivery service between western and eastern Ukraine
Rozetka, the e-commerce platform aspiring to be Ukraine’s Amazon, faces a tax headaches. The State Tax Service alleges Rozetka failed to properly report online transaction information in a timely matter to authorities, reports Interfax Ukraine. Natalya Kalenichenko, Director of the Department of Taxpayer Services and Information Technologies, says that critical information from Rozetka did not reach her agency on October 4, the due date, and requested the National Bank to assist. Rozetka founder Vladislav Chechotkin shifted the blame on the tax agency saying: “Rozetka has been communicating with the tax department, the NBU and a number of government organizations to find out why [transaction records] are in our databases but missing in external ones.
73 UKRAINE Country Report November 2019 www.intellinews.com