Business news from Ukraine

RYANAIR STUDYING POSSIBILITY OF CREATING SERVICING CENTER IN BORYSPIL AIRPORT – INFRASTRUCTURE MINISTER

Ukraine, in particular the Boryspil international airport, have good opportunities for creating an aircraft servicing site in the conditions of a shortage of these services in Europe, and the largest European low cost airline Ryanair showed its interest in these opportunities, Ukrainian Infrastructure Minister Volodymyr Omelyan has said.
“In Europe, all slots are booked for two years ahead,” he said at a meeting in the European Business Association (EBA) on Thursday.
Omelyan said that in the middle of July representatives of Ryanair will arrive in Kyiv and they will get acquainted with the site for the possible placement of this center.
In his opinion, there are enough specialists in Ukraine to provide these services, in particular, these are new opportunities for Antonov State Enterprise.
At the same time, the minister said that there are barriers to the creation of this servicing center, in particular, the legislation sets high duties on the import of spare parts.
Ryanair CEO Michael O’Leary in May this year said that the airline is considering the possibility of opening of Ukraine’s own data center, and in the long term it is also interested in the opening of the center for servicing aircraft in Ukraine. An examination of the regulation of these activities in Ukraine, including by the European authorities, should be conducted.

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CORUM GROUP TO SUPPLY 140 TIMBERING SECTIONS TO POLAND

Corum Group, uniting engineering assets of the SCM financial and industrial group, has signed a contract to supply 140 timbering sections for one of the leading Polish mining companies – Polska Grupa Górnicza (PGG) – by the end of this year, the press service of Corum has reported.
“This victory [in the tender] opens new opportunities for Ukrainian machine builders to integrate into the Polish market, which is in the sphere of interests of Corum,” the group said in the report.
For PGG, a new structure will be made, designed to work on seams of 1.8-3.5 meters in conditions of heavy roofing of mines in Poland due to high operating resistance – over 6,000 kN. The timbering will be used by the customer at the Sośnica mine.
“This is Corum’s first large contract for the supply of cleaning equipment to the Polish market. The local mines use the same Polish timbering, but PGG decided to entrust Corum with the manufacture of this complex type of mine equipment. The first sections will be ready late August,” the group said.
According to CEO of Corum Group Mykhailo Potapov, the Polish market is one of the most attractive for Corum, taking into account the reorganization of the coal industry of this country.
He said that PGG is actively involved in the restructuring of the Polish coal sector, accompanied by the enlargement of extractive enterprises in order to increase their efficiency.

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HEAD OF SUPERVISORY BOARD OF OCTAVA CAPITAL TO OPEN FIRST COMMERCIAL SECURITY OPERATION CENTER

The first commercial Security Operation Center in Ukraine, created by Ukraine’s Octava Cyber Defense, will be officially opened by Head of the supervisory board of Octava Capital Oleksandr Kardakov on June 26 in the new campus B2 of the UNIT.City innovation park, the company has reported.
The new commercial SOC will work on the basis of Cisco’s technologies.
“It is important that this site is also a laboratory and the Competence Center for solutions, technologies, products and services in the field of cybersecurity, where it is possible to demonstrate and model any solutions in this field,” Octava Cyber Defense said.
The company also said that the practice of partnership between such world leaders on cybersecurity like Cisco, and local SOC is traditional for the industry.
The new Security Operation Center, in turn, will provide: centralized management of cybersecurity; automated detection and blocking of cyber attacks in real time; the identification and investigation of cybersecurity incidents, as well as the proactive analysis of cyber security risks that may lead to incidents in the future – Cyber Threat Intelligence.
“If necessary, the Security Operation Center of Octave Cyber Defense is ready to interact with the State Center for Cybersecurity, the profile units of the Security Service, the State Service of Special Communications and Information Protection and cyber police,” the company said.
Equipping the Competence Center allows you to simulate virtually any configuration of solutions and scenarios, and provides an opportunity to evaluate their advantages for a business of any size.

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ONE FIFTH OF WHEAT HARVEST ENOUGH FOR DOMESTIC CONSUMPTION OF UKRAINIANS – OFFICIAL

Taking into account grain harvests in the past years and the skills of farmers to work in different weather conditions, Ukraine would have more than enough grain for consumption, Deputy Agricultural Policy and Food Minister of Ukraine Viktor Sheremeta has said.
According to the press service of the ministry, one fifth of wheat harvest is enough for domestic consumption of Ukrainians.
“I want to lift all fears of our compatriots that in Ukraine there may be a shortage of grain, in particular wheat. Today we have so much grain that we need a fifth for domestic consumption of bread, and we export the rest of the grain. We feed the whole world. We harvest and we will harvest at least 60 million tonnes of grain,” the press service said, citing Sheremeta.
According to the ministry, as of June 20, 2018, 610,000 tonnes of grain have been threshed from 192,000 hectares with a yield of 31.7 centners per hectare, of which 48,000 tonnes of winter wheat from 18,000 hectares with a yield of 26.9 centners per hectare.

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WIZZ AIR TO START FLYING FROM KYIV TO LISBON, TALLINN, BERLIN, FROM KHARKIV TO KATOWICE

Wizz Air to place its third plane in its base in Kyiv and will start flying from Kyiv to Lisbon, Tallinn and Berlin, and from Kharkiv to Katowice, the airline has said in a press release on the occasion of the celebration of the 10th anniversary of its operation in Ukraine.
“In 2018, the airline doubles its operations in Ukraine,” acting Corporate Relations Head at Wizz Air Sorina Ratz said.
In addition, the airline will increase the weekly frequency of flights to seven popular destinations, adding a total of 24 flights a week.
Placement of the third airbus A320 in Kyiv, according to the airline, will create 100 jobs.
Flights Kyiv-Lisbon will be serviced on Tuesdays and Saturdays from June 21.
Flights Kyiv-Tallinn will be serviced on Tuesdays, Thursdays and Saturdays from June 21.
Flights Kyiv-Berlin will be serviced daily from July 1, and flights Kharkiv-Katowice – on Wednesdays and Sundays from June 20.

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RETAIL TRADE TURNOVER IN UKRAINE 6.1% UP IN JAN-MAY 2018 – STATISTICS

Ukraine’s retail trade turnover, excluding the temporarily occupied territory of Crimea and Sevastopol, as well as Donbas, in January-May 2018 increased by 6.1% in comparable prices in comparison with January-May 2017, the State Statistics Service has said.
According to its data, in May 2018 compared to April of the current year retail trade turnover increased by 2.7%, compared to May 2017 it grew by 5.2%.
The highest growth in retail trade turnover in January-May 2018 compared to the same period in 2017 was observed in Luhansk (24.6%), Poltava (10.2%), Vinnytsia (9.8%), Donetsk (9.7%), Kyiv (8.7%), Zakarpattia (8.6%) and Ternopil (8.5%) regions.
In nominal terms, retail trade turnover for January-May of this year amounted to UAH 283.309 billion.
The leaders in terms of absolute indicators of retail trade turnover for the reporting period were Kyiv city (UAH 69.926 billion), Dnipropetrovsk (UAH 32.556 billion), Kharkiv (UAH 28.172 billion), Odesa (UAH 25.65 billion), Kyiv (UAH 24.646 billion), Lviv (UAH 21.788 billion), and Zaporizhia regions (UAH 14.902 billion).
According to statistics, retail trade turnover in Donetsk region in January-May 2018 in comparison with January-April 2017 increased by 9.7% (to UAH 10.555 billion), Luhansk region by 24.6% (to UAH 3.104 billion).
The service said the turnover of retail trade enterprises in May 2018 compared to May 2017 increased by 4.9%, and compared to April 2018 by 2.3%, amounting to UAH 54.294 billion.
The wholesale turnover of enterprises for the first five months of 2018 rose by 4.8% compared to the corresponding period in 2017, to UAH 846.382 billion.
As reported, retail trade turnover in Ukraine in 2017 grew by 8.8% and amounted to UAH 816.554 billion.