Business news from Ukraine

ALFA-BANK OPENS CO-WORKING SPACE IN LVIV

Alfa-Bank (Kyiv) on December 18 opened the AHUB co-working space with a conference room for educational and business events, meeting rooms and multimedia spaces in the center of Lviv, according to the website of the financial institution.
“AHUB is a space for work and meetings of Alfa-Bank clients. This is a place that can replace an office or a meeting room for someone … We immediately announce the opening of AHUB in Kyiv next year,” the executive director of Alfa-Bank, Olha Fylypenko, said.
According to the press service of the bank, AHUB covers an area of 326 square meters and is located in a building rented by Alfa-Bank on Rynok Square, which also houses a bank branch.
It is indicated that in addition to access to the business space, AHUB offers an educational program, in particular thematic offline and online events with the possibility of remote access to them.
In addition, the AHUB has a relax room, a stress room and a bar, the report says.

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UKRAINIAN-U.S. ALPHA LAUNCH VEHICLE TO BE LAUNCHED INTO SPACE IN DECEMBER

The light Alpha launch vehicle (LV) will be launched from Vandenberg Air Force Base (VAFB) in California as early as December 22, 2020, the press service of Firefly Aerospace Inc., a provider of launch vehicles, spacecraft and in-space services, has said, referring to co-owner Ukrainian businessman Max Polyakov and Firefly Aerospace CEO Tom Markusic, who was cited in an interview on Friday by CNBC TV.
Firefly is finishing up work to prepare the launchpad at SLC-2.
While “everything is susceptible to surprises,” with room in the schedule to launch as late as January 31, Markusic said the “full gamut of rules” at Vandenberg means the company has put extra work into certification for Alpha’s first launch.
“Our design has been highly vetted, as we have a lot of requirements that are put on us by the range and that makes the rocket ultimately more reliable,” he said.
He said that it is very reasonable for Firefly Aerospace to expect complete success on the first launch.
Standing at 95 feet tall, Firefly’s Alpha rocket is designed to launch as much as 1,000 kilograms of payload to low Earth orbit – at a price of $15 million per launch.
Firefly Aerospace was restarted in 2017 by Ukrainian Polyakov, including it in Noosphere Ventures.
Only a handful of tests remain until Alpha’s first launch. Firefly conducted a final engine test with the rocket’s first stage two weeks ago, with a second stage engine test up next. Then Firefly will conduct the “activation of the launch site.” The next big milestone will be the static fire of the entire vehicle at the launch site.
Firefly expects to launch at least three times in 2021.
In addition to the Alpha and Beta rockets, Firefly Aerospace is working on Orbital Transfer Vehicle (OTV) known as a space tug to deliver satellites from a rocket to a specific orbit, and a lunar lander called Genesis for NASA.

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FOUNDERS OF NOVA POSHTA BECOME INVESTORS IN CO-WORKING SPACE

The founders of Nova Poshta, Viacheslav Klimov and Volodymyr Popereshniuk, have become investors in the Kooperativ co-working space, which was opened at the end of 2019 in Kyiv’s Paladis business center at 23 Sichovykh Striltsiv Street (in the building of the former book factory Zhovten).
The creators of the project are Andriy Fedoriv, the founder of Fedoriv Group and Fedoriv Agency, Vasyl Grogol, the founder of Bursa hotel, and an entrepreneur from France.
“Somehow at the beginning of summer, the guys came to a meeting at Fedoriv Agency and saw how cool the completed Kooperativ had turned out. We started a long conversation, the result of which was the decision – Slava and Volodia will acquire part of the project’s shares and join Vasyl Grogol and me as partners,” Fedoriv wrote on his Facebook page.
According to him, in the future, the partners will work on the development of the Kooperativ co-working space together.
“The first step will be the integration into Kooperativ of our legendary space in the Arena [Arena City business center] with an area of about 1,000 square meters. Fedorivhub will become Kooperativ Hub from September 1, and the former Fedoriv office will become a co-working space for about 100 residents … Despite a difficult year, it shows good results and as an operating company we are already expanding,” Fedoriv said.

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OPENING OF TENANTS’ SPACE ON SECOND FLOOR OF CHERRY MALL IS SCHEDULED FOR NOVEMBER 10

The opening of tenants’ space on the second floor of the Cherry Mall in Vyshneve, Kyiv region is scheduled for November 10, 2019.
“Today the second floor of the Cherry Mall is almost ready, most of the floor tenants are completing repairs. In particular, Budynok Іhrashok, Foxtrot, as well as a food court on the second floor, in particular, New York Street Pizza, Kryla, burger’s place and other fast food establishments. We set the task to open the second and second+ floors by November 10,” Technical Director of the shopping center Viktor Bleskin told Interfax-Ukraine.
He also said that Sport Life is actively carrying out repair work, which occupied the entire third floor, as well as the Linia Kino cinema chain and the Play & Jump children’s entertainment center on the fourth level.
“The official opening of the entire mall is tentatively planned for the middle of December. By this time, all tenants must complete repairs at their facilities,” Bleskin added.
According to CEO of Edelburg Development (the project developer) Serhiy Kucher, the development of megamalls today is an erroneous strategy.
“It is clear now that local facilities of 20,000-30,000 square meters will live much longer and grow faster,” he said.
As reported with reference to the project manager, partner of UTG (exclusive agent for the rental of retail space in the Cherry Mall), Artiom Neposedov, the first floor in the new Cherry Mall shopping center of 3,400 square meters was opened in September 2019.

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UKRAINE’S PARLIAMENT OPENS SPACE FOR PRIVATE COMPANIES

Ukraine’s parliament has adopted draft law No. 1071 on amending certain laws of Ukraine involving the development of activities in space and attracting investments to Ukraine’s space sector. The bill will allow private companies to engage in activities in space, including launching rockets into space. Some 308 members of parliament supported the adoption of the bill in its second reading and as a whole, including its technical and legal amendments, at a plenary session on Friday.
According to the explanatory note to the bill, the text of which was published on parliament’s website, the bill will ensure the creation of a competitive environment for the development of private property enterprises along with the public sector of the space industry, and will also help attract investment in Ukraine’s space industry.
According to the text of the document, the basic principles of space activities in Ukraine are: state support for the commercialization of space activities and attracting investments in Ukraine’s space industry, opening outer space for citizens and legal entities and the ability to freely explore and use outer space, including the use of outer space and the resources contained therein, with restrictions only when necessary to ensure compliance with national security interests.
The importance of promoting international cooperation, maintaining and developing existing international relations in the space industry, taking into account national interests, is also emphasized in the bill.
Under the new law, companies will not be required to apply for licenses to work in the space sector.
Currently, only state-owned companies can carry out activities related to testing, production and operation of space launch vehicles in Ukraine.

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UKRAINIAN LAWMAKERS UPDATE DRAFT LAW ON OPENING SPACE FOR PRIVATE COMPANIES

A new version of the draft law “On amendments into some legislative acts of Ukraine on favoring of space development and attracting investments into space sector of Ukraine” that permits private companies to launch space rockets and conduct work in space.
The document was drafted by the group of the deputies from Servant of the People faction, eHealth coordinator Jaanika Merilo wrote on Facebook.
“On the first day, the deputies registered a bill to open space for private companies, but it turned out that this bill was not the one that was developed by BRDO [Better Regulation Delivery Office] and the private market. Many thanks to the deputies, the head of the committee and the author of the bill, Dmytro Natalukha, the Servant of the People team and Prime Minister Oleksiy Honcharuk for their quick response, absolute understanding and cooperation regarding the fact that the sky needs to be opened. After consultations and discussion of problems in this bill, the bill was recalled and resubmitted in a form that really opens the sky,” she wrote.
According to Merilo, there are many companies in Ukraine that could develop various different solutions for the space industry, emphasizing that space today is more likely to relate to logistics than to the defense sector.
Following the explanatory note to the bill, the text of which was published on the website of the Verkhovna Rada, its adoption will ensure the creation of a competitive environment for the development of private property enterprises along with the public sector of the space industry, as well as lead to attract investment in the space industry of Ukraine.
At present, activities related to the testing, production and exploitation of rocket vehicles can only be carried out by the state-owned companies.

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