Business news from Ukraine

Business news from Ukraine

STARLINK UKRAINE IS REGISTERED IN UKRAINE AS A REPRESENTATIVE OFFICE OF SPACEX

A representative office of Elon Musk’s SpaceX company – Starlink Ukraine – has been registered in Ukraine, Deputy Prime Minister – Minister of Digital Transformation Mikhail Fedorov said.
“Starlink Ukraine (“Starlink Ukraine”), as a representative office of SpaceX, has just been registered in Ukraine,” he wrote on his Telegram channel on Wednesday.

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STARLINK PLANS TO OPEN REPRESENTATIVE OFFICE IN UKRAINE

The global satellite system for Internet access Starlink plans to open a representative office in Ukraine, Deputy Prime Minister, Minister of Digital Transformation Mykhailo Fedorov said on Tuesday.
“Now, Ukraine is almost impossible to imagine without modern Starlink technology. And this technology will become even more accessible to Ukrainians. After all, today we received another positive news: Starlink has begun work on opening a representative office in Ukraine,” he wrote on his Telegram channel.
Fedorov also said that, for his part, he instructed the relevant authorities to complete the necessary procedures for certification, measurements and the provision of frequencies as soon as possible.
According to Fedorov, today, more than 10,000 Starlink stations help the Armed Forces of Ukraine to stay in touch and carry out special operations, support the operation of critical energy and telecommunications facilities, healthcare facilities and even the sowing season, and also return de-occupied territories to life.

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CHINA RAILWAY CONSTRUCTION CORPORATION TO OPEN REPRESENTATIVE OFFICE IN UKRAINE

JSC Ukrzaliznytsia (Kyiv) and China Railway Construction Corporation (CRCC), the largest state-owned construction company in China, have signed a memorandum of understanding and cooperation. According to the press service of the Ministry of Infrastructure, the memorandum was signed by head of Ukrzaliznytsia Yevhen Kravtsov and member of the board Remigiusz Paszkiewicz from Ukraine and the deputy director general of CRCC from China.
According to the report, the Minister of Infrastructure noted that the signing of the document is an important stage of cooperation for the development of railway connection in the direction of Ukraine-China, attracting Chinese partners to modernize the Ukrainian railways and realize the transit potential of the country on the European Union-China route.
“The fact that the Chinese corporation decided to open a representative office in Ukraine and sign a memorandum of strategic cooperation indicates that the economic situation in the country is changing, the investment climate is improving, the largest foreign technology and manufacturing giants are interested in working in the Ukrainian market,” the minister said.
According to him, the ministry expects to restart and intensify the participation of Ukraine in the project One Belt – One Road, which will make it possible to fully realize the transit potential of the country in the continental cargo turnover.

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STATE-OWNED SPETSTECHNOEXPORT OPENS SECOND REPRESENTATIVE OFFICE IN INDIA

State-owned enterprise (SOE) Spetstechnoexport is boosting defense cooperation with India and opening its second representative office on the largest defense market of the South Asian region. The press service of the company reported on Tuesday that the representative office of Spetstechnoexport opened in October in Nashik, India, will provide operational and effective cooperation with Indian partners, including the implementation of the new arrangements in the defense cooperation sphere signed by Ukraine in 2018 with Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL).
According to the report, the new arrangements with HAL foresee expansion of defense cooperation in the aviation cluster, in particular, the supply of defense systems for Indian helicopters, joint research and the developments, establishment of production of specific aviation systems in India.
Spetstechnoexport engages Ukrainian defense enterprises in cooperation with the HAL, in particular the Lviv State Aircraft Repair Plant, the Odesa Aviation Plant, SOE Institute for scientific research Storm, SOE Kharkiv Machine-Building Plant FED, the Kharkiv Aggregate Design Bureau, SOE Novator, Radionix LLC and others.
The possibility of closer communication with foreign partners allows increasing the volume of cooperation, the company said. This year, Spetstechnoexport has almost tripled the volume of supplies of defense products to the needs of the Hindustan Aeronautics Limited aircraft division compared to the level of 2016.
Spetstechnoexport has an opportunity to take part in tenders for joint modernization of radars P-18 and ST-68, as well as air defense systems, such as ZSU-23-4 Shilka, P-125 Pechora and others under new arrangements with BEL.
The press service said that during the DefExpo 2018 international defense exhibition in India, Spetstechnoexport signed new contracts in the aviation sector with the total cost of about $20 million.

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