Business news from Ukraine


National University Kyiv-Mohyla Academy (NaUKMA) together with Bureau of Investment Programs (BIP) NGO are planning to create a technology park in an educational building located at 2/4, Glazunov Street for UAH 50 million with the participation of an investor. “According to our preliminary estimates, about UAH 50 million of investment is required to restore the building and infrastructure for a modern technology park. After restoration, the territory can accommodate about 40 resident companies and coworking spaces for students,” Director of BIP Oleksandr Bondarenko said.
The project will allow the university to earn money, as well as employ students, create IT products, and entrepreneurs will be able to gain access to a scientific base and innovative products and services.
The return on investment in such a project is seven of eight years due to rental payments from residents and additional services provided by the technology park’s management team, Bondarenko said.
To create a technology park, it is planned to use the educational building located at 2/4, Glazunov Street with an area of 1,700 square meters. However, alternative premises are also being considered.
The project participants signed a partnership memorandum for the development of the technology park.
“Next steps are project evaluation, concept development, and search for investors,” NaUKMA said in the press release.
The Bureau of Investment Programs (BIP) is a non-governmental organization that unites public partnerships and private investors for the construction of infrastructure facilities, attracting investment and creating a safe environment for investors in the Ukrainian market.

, , , ,


The Ukrainian-U.S. Antares launcher rocketed into orbit, deploying a ship carrying cargo to the International Space Station (ISS), the press service of the State Space Agency of Ukraine has reported.

“The launch vehicle rocketed into orbit the Cygnus supply ship, carrying about 3,629 kg of NASA payload to the International Space Station – packaging for the crew, materials for scientific research, equipment for the station and spacewalk, computers and components, CubeSats,” the agency said last week.

The launcher took off from the Mid-Atlantic Regional Spaceport at Wallops Island, Virginia, the United States at 19:36 Kyiv time on February 20 and it is the first launch of the Antares LV in 2021.

The preparation of launch vehicle Antares, its tests and start-up were carried out by specialists of SOE Design Bureau Pivdenne (Yuzhnoye), SOE Pivdenmash (Yuzhmash) and Hartron-Arkos scientific-production association. From the territory of Design Bureau Pivdenne, the launch support was provided in real time, telemetric information was processed.

According to the space agency, the Antares launch vehicle consists of two stages and the Cygnus supply ship (third stage). The main design of the first stage was developed by SOE Design Bureau Pivdenne and manufactured by SOE Pivdenmash in cooperation with the Ukrainian enterprises Khartron-Arkos (Kharkiv), Kyivprylad (Kyiv), Hartron-UCOM (Zaporizhia), CHEZARA (Chernihiv Plant of radio equipment), RAPID (Cherhiniv-based sensor enterprise), etc. The main designer of the launch vehicle is U.S. Northrop Grumman.

“I hope that soon the Ukrainian cooperation of enterprises will produce a fully domestic product – a medium-class launch vehicle, which will become the flagship of our rocket industry for the coming years,” acting head of the agency Mykhailo Lev said.

, ,


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.

, , ,


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.

, ,


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.

, , ,


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.

, ,