Business news from Ukraine

INFRASTRUCTURE MINISTRY SEEKS TO CREATE FIVE AVIATION HUBS, 20 INTL AIRPORTS IN UKRAINE BEFORE 2030

The Infrastructure Ministry of Ukraine plans to create 50 airports in Ukraine, five of which will be international aviation hubs, and 20 more will service international flights.
“In the aviation industry, we see the creation of 50 airports throughout Ukraine. We are not talking about 50 Boryspil airports. We talk at least about five international hubs, at least 20 airports that will provide international communication, as well as about 20 that will be service flights to the regions,” Minister of Infrastructure Volodymyr Omelyan said at the presentation of the Ukrainian transport strategy until 2030 on Thursday evening.
According to him, the average time, which should take to reach an airport from anywhere in the country, should be reduced to one hour.
As for the development of the aviation industry, it is planned to open 350 destinations for flights from all airports in Ukraine.
Earlier, Omelyan announced the creation of two new airlines in Ukraine.

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UKRZALIZNYTSIA, GENERAL ELECTRIC TO ANNOUNCE TENDER TO SERVICE LOCOMOTIVES

Public joint-stock company Ukrzaliznytsia and General Electric plan to announce an official tender to service locomotives under the cooperation contract.
According to a posting on the website of the Ukrainian company, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov at a meeting with President and CEO General Electric Transportation Rafael Santana on Thursday discussed some urgent issues of cooperation in upgrade and modernization of the locomotive fleet of Ukrzaliznytsia under the partnership contract signed early this year.
Ukrzaliznytsia and General Electric are preparing for the announcement of an official tender to service TE33A Evolution Series locomotives that will be delivered to Ukrzaliznytsia under the cooperation contract, the company said.
Ukrzaliznytsia also said that during the negotiations General Electric presented options for financing of next phases for the successful implementation of the long-term cooperation contract.

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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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