Page 63 - UKRRptAug19

for UAH116mn.”
9.2.7 TMT corporate news
Ukraine’s largest online store, Rozetka.ua is launching a ‘virtual’ travel agency - Rozetka.Travel. Without visiting a travel agency, clients can buy tickets for charter tours to Egypt, Greece, Turkey, and other popular no-visa destinations. Positioning itself as a potential rival for JoinUp!, the nation’s largest travel operator, Rozetka has already created links with major tour operators: Anex Tour, TUI, Tez Tour, Pegas Touristik and Mouzenidis Travel.
JSC Kyivstar mobile operator in April-June 2019 increased its total revenue by 24.4% compared to the same period in 2018, to UAH5.624bn, the company's press service has reported with reference to the quarterly report. According to the report, over the specified period Kyivstar increased its EBITDA by 46.8%, to UAH3.656bn, thereby increasing EBITDA margin by 9.9 percentage points (p.p.), to 65%. In the second quarter, revenue from the operator's mobile communications services amounted to UAH5.257bn, which is 25.2% more than in the same period of 2018. The volume of data traffic consumption rose by 84.7%, to 3.345 GB per subscriber. At the same time, the consumption of voice services remains stable: on average, 571 minutes per subscriber were used, which is 1.5% less than a year earlier.
9.1.10 Renewables corporate news
The European Bank for Reconstruction and Development (EBRD) provides a €19.7mn loan for financing of a new 55.4 MWp solar power plant in Ukraine's Cherkasy region by Norway's Scatec Solar . Additional funding will be provided by Swedfund International AB, the Swedish Government's development financier, and the Nordic Environment Finance Corporation (with loans of €10mn and €5.0mn, respectively, the EBRD said in a statement on July 3. The new solar plant is expected to be operational in 2020 and will reduce the amount CO 2 emissions by more than 36.000 tonnes per year. It is already the third project of Scatec in Ukraine after a 47MWp project Mykolaiv and av30MWp plant in Kamianka, which were also supported by the multinational lender.
Norway’s Scatec Solar closed financing on July 9 on a €54mn, 54 MW solar station in Kyiv region , nearing Scatec’s goal of investing €350mn in Ukraine this year. The new project, located in Bohuslav, two hours south of Kyiv, is funded partially by FMO, the Dutch development bank, and GIEK, Norway’s Export Credit Guarantee Agency. With Bohuslav, Scatec has five projects under construction in Ukraine. The 336 MW total represents one-third of Scatec’s solar plant construction worldwide this year. The EBRD recently signed a €19.7mn loan to partially fund another Scatec solar project – a €56mn, 55.4 MW plant in Chyhyryn, a village 65 km south of Cherkasy city. Funding also comes from Swedbank International’s Swedish Fund and the Northern Ecological Finance Corporation, or NEFCO. The EBRD funds two other Scatec solar projects totaling 77 MW – one also in Cherkasy and another in Mykolaiv.
63 UKRAINE Country Report August 2019 www.intellinews.com