Business news from Ukraine

Business news from Ukraine

NUMBER OF CYBER ATTACKS IN 2022 GROWS

The number of cyber incidents at the beginning of 2022 grew seven times compared to the same period last year, the CERT-UA government cybersecurity team said in a statement.
According to the data published on the CERT-UA website, since the beginning of 2022, 5,970 cyber incidents have been recorded and processed, of which 5,534 have been processed automatically.
Automatic processing includes informing providers about infected hosts of their clients and blocking phishing pages hosted in Ukraine.
Since the beginning of the year, 613 cyber incidents were classified as malware, and another 4,921 cases were phishing.
By sectors worked out by the CERT-UA team since the beginning of the year, 252 out of 436 incidents were registered in the UAGOV zone, 78 in the UACOM zone, and 62 in the FCOM zone.
According to the targets of the attack, 94 cyber incidents related to the sector of government bodies and local authorities, 68 to the security and defense sector, 25 to the financial sector. Telecom providers, commercial organizations, energy and transport sectors were also attacked.
At the same time, 170 cyber incidents were classified as low, 81 as medium, 72 as high, and 113 as critical.

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UKRAINE EXPORTS 42.5 MLN TONNES OF GRAINS SINCE 2021

Since the beginning of 2021/22 (July-June) and as of February 21, Ukraine has exported 42.54 million tonnes of grain and leguminous crops, which is 37.3% higher than the figures for the same date of the previous year.
According to the Information and Analytical Portal of the Agribusiness Complex of Ukraine, 17.85 million tonnes of wheat have been exported to date (34.0% more compared to the same date in 2020/21). Taking into account the restriction on its export at the level of 25.3 million tonnes, introduced on October 19, 2021 by the Ministry of Agrarian Policy and Food, Ukrainian exporters can supply another 7.45 million tonnes of wheat to foreign markets (29.5% of the limit).
Ukraine for the specified period exported 5.57 million tonnes of barley (40.8% more), 18.68 million tonnes of corn (41.9% more) and 66,300 tonnes of flour (27.2% less).
As of this date, 158,700 tonnes of rye were also exported, which is 94 times higher than the figure for the previous year.

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UKRAINIAN BANKS’ CASH EXCHANGE RATES ON 21/02/22

Ukrainian banks’ cash exchange rates on 21/02/22

Source: Interfax-Ukraine

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STATE SPECIAL COMMUNICATIONS SERVICE, KYIVSTAR WORK IN CYBER SECURITY

The State Service for Special Communications and Information Protection of Ukraine has signed a memorandum of cooperation with Kyivstar mobile network operator.
According to a Monday report of the operator, cooperation is aimed at increasing the level of cyber security, protection of critical infrastructure facilities and the introduction of new educational programs in this area.
“Combining the efforts of business and the state is a key component in the formation of a reliable cyber security system in Ukraine. Together we must work out transparent and understandable rules, taking into account the best European and world practices, according to which both representatives of state bodies and private companies will work,” Chairman of the State Service for Special Communications and Information Protection Yuriy Schyhol said.
In turn, Kyivstar considers it its goal to raise the level of awareness of users in cyberspace, cooperating with law enforcement agencies and joining the initiatives of the state.
“We support the development of partnership between the state and business, therefore, effective cooperation with the State Service for Special Communications in the field of cyber security and protection of critical infrastructure facilities is extremely important for Kyivstar. I am convinced that only through building such interaction it is possible to effectively counter modern challenges and threats in cyberspace,” President of Kyivstar Alexander Komarov said.
Cooperation between the State Service for Special Communications and Information Protection and Kyivstar, in particular, provides for:
– conducting scientific research on the issues of ensuring cyber security, development and operation of information and communication systems, protection of information and critical infrastructure facilities;
– assistance in creating a system of independent information security auditors;
– provision of advisory and methodological assistance regarding the assessment of the state of security, the audit of information resources, the assessment of compromise and vulnerability analysis of the IT infrastructure;
– participation in the creation of a system for the timely detection, prevention and neutralization of cyber threats;
Cooperation is also aimed at creating conditions for the development of modern cyber security technologies and their implementation in Ukraine, and at promoting the implementation of international cyber security programs in Ukraine.
Separately, the State Service for Special Communications and Kyivstar will make efforts to improve the level of digital awareness and the culture of safe behavior of Ukrainian citizens in the cyberspace.

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UKRAINE CLOSES UKRAINIAN-CHINESE JOINT PROJECT AIR EXPRESS

The Cabinet of Ministers has provided funding for the state-owned enterprise National Project Air Express to stop the implementation of a project of passenger railway communication between Kyiv and Boryspil airport. According to an explanatory note to the document, this will minimize Ukraine’s losses associated with the termination of credit and commercial agreements concluded between the SOE National Project Air Express and the China National Complete Engineering Corporation together with the Export-Import Bank of China.
It is expected that as a result of the resumption of negotiations and termination of agreements, about $73.7 million can be returned to the Ukrainian side.
The explanatory note also states that at the moment the SOE National Project Air Express is not solvent, and in order for the enterprise to be able to terminate the contracts under the mentioned project, it is necessary to pay off debts on salaries and payments to the state budget, as well as accumulate funds for participation in litigation.
In particular, the state-owned enterprise National Project Air Express has arrears in wages – UAH 831,000, in payment of personal income tax – UAH 341,000, in military fee – UAH 28,500, and in single social security tax – UAH 222,000.
As reported, in Ukraine for a long time there was an unrealized national project Air Express – railway passenger communication Kyiv-Boryspil International Airport, construction of other infrastructure facilities in Kyiv region. For its implementation in 2011, under state guarantees, a loan agreement was concluded with the Export Import Bank of China in the amount of $372.3 million. CCEC was appointed as a general contractor for the turnkey construction works.
In June 2015, it became known that Ukraine and China were ready to discuss the possibility of redirecting credit funds provided for Air Express to other projects, and in March 2016, the Ministry of Infrastructure received the consent of Chinese partners to reformat the Air Express project.
On November 30, 2018, Ukrzaliznytsia launched an express train to Boryspil airport with a floating schedule of 21 to 30 voyages per day. To this end, about 4 km of non-electrified track was added to the existing railway infrastructure, including a 272 m long railway overpass over the M03 Kyiv-Kharkiv highway. Two passenger platforms were built. For operation on the route Central Kyiv Railway Station-Boryspil Airport, Ukrzaliznytsia repaired five rail buses manufactured by Pesa Bydgoszcz SA previously purchased for operation on other routes.

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WORLD BANK FINANCIALLY HELPS UKRAINE FOR $350 MILLION

President of Ukraine Volodymyr Zelensky discussed with President of World Bank Group David Malpass an increase in the World Bank role in the stability of Ukraine’s financial sector and thanked for the provision of $350 million in financial assistance.
“Discussed with David Malpass the increasing role of the World Bank in the stability of Ukraine’s financial sector. The World Bank President noted economic stabilization, land reform and infrastructure projects in Ukraine. We are grateful for $350 million in financial support,” Zelensky wrote on Twitter on Saturday while in Munich.

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