Business news from Ukraine

Business news from Ukraine

CONTRACTS FOR UAH 6 BLN SIGNED AT FORUM “INNOVATIONS. INVESTMENTS. KHARKIV INITIATIVES!”

A total of contracts for the amount of around UAH 6 billion were signed at the tenth international economic forum “Innovations. Investments. Kharkiv Initiatives!”, Chairperson of the Kharkiv Regional Administration Yulia Svitlychna has said. PJSC Donbasenergo and JSC Turboatom signed a contract to produce equipment for Sloviansk thermal power plant (TPP) at the forum.
“This is a modernization of the 800 MW medium pressure cylinder of the turbine under the import substitution program to replace the Russian-made turbine. The contract was signed for the amount of UAH 250 million,” the press service of the Kharkiv Regional Administration said. Turboatom also signed a memorandum with Siemens (Germany) on joint participation in modernization programs for steam turbines for heat and nuclear power plants. The cost of the contract is up to UAH 2 billion. The plant also signed a cooperation agreement with the Chinese company Dongfang Electric Machinery (for the joint manufacture of power equipment for thermal, hydroelectric, nuclear power plants for the amount of UAH 1.68 million). In addition, during the forum a contract was signed between the Bogdan Motors Automobile Corporation and the state-owned enterprise Electrotyazhmash to supply traction engines for trolleybuses worth up to UAH 150 million.

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NATIONAL BANK OF UKRAINE PLANS TO SETTLE CYBER DEFENSE IN SPHERE OF MONEY TRANSFER

The National Bank of Ukraine (NBU) plans to first settle the issue of providing the proper level of cyber defense and cybersecurity in the sphere of money transfer.
The respective initiative is contained in the draft resolution of the NBU approving the regulation on cyber defense and cybersecurity in payment and settlement systems, the text of which was posted on the regulator’s website for public discussion.
In particular, the draft resolution provides for determining the requirements for the payment market players in building an cyber defense and cybersecurity system, the procedure for detecting cyber attacks that reduce the reliability of payment and settlement systems, as well as the requirements for organizational and technical measures to ensure the protection of information and cybersecurity by the payment market players.
The regulator said that this document is based on the requirements and recommendations of national and international cybersecurity standards, as well as modern approaches to cyber defense and cybersecurity that are universally accepted in international practice.
The adoption of the draft resolution will allow minimizing the number cyber incidents in the sphere of money transfer, regulating the use of cybersecurity tools, increasing the reliability of the functioning and efficiency of payment and settlement systems, speeding up the modernization of payment systems, taking into account modern cybersecurity technologies.
Comments and proposals for the NBU draft document will be accepted until October 27.

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DUTCH BANK FMO CONSIDERS CREDITING OF SCATEC SOLAR PLANT BUILDING IN UKRAINE

The Dutch development bank FMO is considering the issue of up to EUR13.5 million for the construction of a solar power plant by Norway’s Scatec Solar in Ukraine, according to the website of the financial institution. FMO said the funds can be allocated within a syndicated loan, which is organized by the European Bank for Reconstruction and Development (EBRD). Scatec Solar plans at the expense of credit funds to build a solar plant with an installed capacity of 30 MW.
As reported, previously Scatec Solar signed an agreement with Rengy Development (Kyiv) on the joint implementation of projects for the construction of solar plants with a total capacity of 47 MW in Mykolaiv region. Scatec Solar has already built and operates 322 MW solar stations in various countries, while another 434 MW of photovoltaic plants are under construction.
The company operates in the Czech Republic, the Republic of South Africa, Rwanda, Honduras, and Jordan.

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LARGEST SOFTWARE DEVELOPER IN UKRAINE WILL OPEN SECOND OFFICE IN LVIV

GlobalLogic Ukraine, an IT company, the largest software developer in Ukraine, will open the second office in Lviv on October 12, 2018.
This was announced by the head of the company’s office in Lviv, GlobalLogic Vice President for Engineering Denys Balatsko on the sidelines of the Lviv IT Arena 2018 conference.
“This is a separate building, which was built according to our wishes and allocated completely to our company. Today, about 300 of our engineers have already moved there, but the official opening will take place on October 12,” he said.
According to Balatsko, departments for the development of medical software and embedded solutions will be located in this office.
In the opinion of the company, the question of availability of office premises equipped with serious IT infrastructure is acute in Lviv.
“Now we see a very high demand for office space and companies are often looking for a place where they could find room. There is not enough quality office space,” the expert said.
GlobalLogic Ukraine is the largest software developer in Ukraine. It has offices in Kyiv, Kharkiv, Lviv, and Mykolaiv.

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