Business news from Ukraine

First underground school built in Kharkiv

The construction of the first underground school in Kharkiv has been completed and will be open to students by the end of this school year, the press service of the Kharkiv City Council reports, citing Mayor Igor Terekhov.

“The building is built to the highest safety standards, has 20 classrooms and is designed to accommodate 900 students in two shifts. Enrollment for the next school year is almost complete. Already this year, 600 children will sit down at their desks,” Terekhov wrote on the social network X on Tuesday.

According to him, similar schools are planned to be built in different parts of the city. “We plan to continue building similar schools in other parts of the city to ensure that all our children have equal access to quality and, most importantly, safe education,” Terekhov said.


“Kyivstar” restores mobile internet in Kyiv and Kharkiv subways

As of 10:00 a.m. on December 19, Kyivstar, Ukraine’s largest telecom operator, restored high-speed mobile internet in the Kyiv subway, and earlier mobile internet was restored in the Kharkiv subway, the company’s press service said on Tuesday.

“The My Kyivstar information system has been restored, where subscribers can view their account balances. Kyivstar’s telecom network has almost entered the stabilization period,” the statement said.

On the territory controlled by Ukraine, 99% of the base stations are in working order, and all basic services are available to customers: communication and mobile Internet services, SMS, international voice roaming services, etc., the mobile operator’s press service said.

In addition, Kyivstar stores have restored most services.

It is noted that Kyivstar continues to improve the Home Internet service in Kyiv and a number of other places, and also plans to gradually remove restrictions on mobile Internet speeds in the near future.

“Kyivstar specialists are working on the launch of high-speed mobile Internet in roaming and plan to launch this service for Ukrainian subscribers in Germany, the Czech Republic, Poland and a number of other countries in the near future,” the company said in a statement.

To stabilize the services, the company has engaged all available technical staff, as well as international partners from Sweden, Ireland, the United States, China, Finland and other countries, the press service said.

Earlier it was reported that Kyivstar expects to achieve full stabilization in the provision of services by the end of the week.

After a failure in the early morning hours of December 12 caused by a large-scale cyberattack, Kyivstar began restoring voice services in the evening of December 13, the company’s mobile Internet service started working again in some regions a day later, and the company announced its full restoration in the country on the evening of December 15.

On December 17, Kivestar resumed providing voice services, including roaming, mobile data, Home Internet, virtual private network (VPN) services and started restoring access to M2M (Machine-to-Machine) services for business customers. Kyivstar restored access to SMS services, including international roaming, and M2M services on 18 December.

, , , ,

Kharkiv-based FED increased net income by 87%, profit by 2.8 times

Kharkiv-based aircraft manufacturer FED JSC completed January-September 2023 with net income of UAH 907 million, up 87.1% compared to the same period in 2022.

According to the company’s interim financial statements published in the NSSMC’s information disclosure system, its net profit for the period increased 2.8 times to UAH 272.5 million.

From operating activities, FED JSC received UAH 334.6 million in profit, which is 2.8 times more, and gross profit increased almost 2.3 times to UAH 432.3 million.

As reported, in January-June 2023, the company increased its net profit by 12.6 times compared to the first half of 2022, to UAH 249.43 million, while net income almost tripled to UAH 674.89 million.

Thus, in the third quarter of this year, the net profit of FED JSC amounted to UAH 23 million, which is 70.3% less than in July-September 2022, with a 9.1% drop in net income to UAH 232.1 million.

FED JSC is one of the leading enterprises in Ukraine, specializing in the development, production, maintenance and repair of aviation, space and general engineering units.

In 2022, the company reported a 2.7-fold decrease in net profit compared to 2021, down to UAH 146.77 million. Net income decreased by 2.3 times to UAH 570.9 million.

At the beginning of 2022, the company employed more than 1 thousand people.

According to the National Securities and Stock Market Commission, more than 98.2% of FED shares are owned by the company’s CEO Viktor Popov.

, ,

Kharkiv Metro has announced tender for MTPL insurance

KP “Kharkiv Metro” on August 16 announced a tender for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (OSAGO), according to the system of electronic public procurement Prozorro.

The expected cost is UAH 137,175 thousand.

Documents for participation are accepted until August 24, 2023.

As reported, the winner of a similar tender a year earlier was IC Ukrainian Fire Insurance Company.

, , ,

Kharkiv subway has announced tender for insurance of train drivers

KP “Kharkiv subway” on July 13 announced a tender for insurance of train drivers against accidents during the service trip, reported in the system of electronic public procurement Prozorro.

The expected cost is UAH 29,682 thousand.

Documents for participation are accepted until July 21, 2023.

, , , ,

Kharkiv “Terra” will build new $20 mln plant

Terra (Kharkiv), one of Ukraine’s largest cereals and flakes producers, will build a $20 million plant in the west of the country, ZAXID.NET writes.
“Now we are determining the site for the construction. We are considering Lviv, Ternopil and Rivne regions. We have big requirements for the territory: we need a railroad, a transportation hub, infrastructure and people. Logistika is important for us, both for consumers in Ukraine and for export”, – informed the commercial director of the company Alexandr Yasinsky.
Capacities of the new plant will allow to process 300 thousand tons of raw materials a year and produce 150 thousand tons of products a year. Besides groats, flour, flakes, kasha and instant soups, “Terra” is going to launch buckwheat and corn processing lines. It is planned to build a bio boiler house at the plant to meet production needs.
According to the commercial director, production lines, packaging and transportation will be automated as much as possible.
Terra is currently negotiating with a foreign bank to open a $20 million credit line, is looking for a partner to invest in the new plant, and is considering cooperation with large agricultural producers.
According to Jasinski, if the company manages to find ready-made premises, it will be possible to launch a new factory in a year, while the construction of production from scratch will take about two years.
In parallel, Terra will be developing its own retail network of stores across Ukraine. The first market has already been opened in the Kharkiv region.
Terra was registered in Kharkiv region in 1999. The company makes about 200 types of products, including groats, cereals, flour, instant porridges and soups, mixed fodder, and exports them to 67 countries: the USA, Europe, UAE, South Africa, Malaysia, Sri Lanka, etc. “TERRA” is one of the largest producers of cereals in Ukraine and in the top-5 organic producers.
The beneficiaries and founders of the company are Alexander and Igor Yasinskiy, and the co-founders are Sergiy Prikhodko and Oleg Gozhenko.