Page 60 - UKRRptJuly18

3-year, $6mn investment plan at the opening Tuesday of the first stage -- a 35-50,000 tons a year plant in Khatsky, a village 20 km west of Cherkasy, home to Grossdorf.
9.2.7 TMT corporate news
Cyprus court "unfreezes" assets of Akhmetov's SCM. The District Court of Nicosia has ruled in favour of the Ukrainian oligarch Rinat Akhmetov's System Capital Management (SCM) financial and industrial group, discharging the previous order to restrict the alienation of certain SCM assets (up to the amount of $$820mn) and thus 'unfreezing' them now. "We are delighted by the judgement. All restrictions imposed by that freezing order in dealing with their respective assets have been removed. The Court also issued an order awarding the legal costs in favour of the SCM," SCM's Director of International and Investor Relations Jock Mendoza-Wilson said, UNIAN reports.
In the latest step toward Ukraine going cashless, Kyivstar plans to offer its Smart Money financial service this month , mobile operator plans to launch an application for own Smart Money financial service within one month, Taras Horkun, head of company’s mobile financial services department, tells journalists. Kyivstar President Peter Chernyshov says subscribers will be able to use their Kyivstar electronic wallet to pay 3,000 different services. Turning a cellphone into a financial tool, Smart Money will allow: transfer of funds from a card to another card; recharging a mobile account[ payments for Internet and utilities; recharging of bank cards; recharging of games and social networks; online shopping, pay fines, insurance, and railway tickets; and ordering and repaying loans.
Uber to launch UberEats. Uber to launch their UberEATS food delivery service in Ukraine by the end of the year. This service is growing very rapidly in Europe. The delivery time is significantly less than those with conventional delivery services,” the company said. It is also launching a new security system to ensure that drivers rest after 12 hours at the wheel, as well as a bike rental service. “We want to integrate in the city’s transportation ecosystem across all means of transport”, Interfax Ukraine reports
Toronto’s Brookfield Business Partners L.P is leading an investor consortium for the first phase of $160 million Lviv IT Cluster , Interfax-Ukraine reports from the groundbreaking Saturday. Due for completion by the end of 2020, the first phase of the project is to include 160,000 square meters of offices -- workplaces for 14,000 IT workers. With six 8-story buildings, the cluster will also offer a hotel, a university campus, and parking spaces for 3,167 cars. The 10-hectare project is located five kilometers south of Lviv’s Market Square.
An Odesa startup has started selling its 3D printer which creates ceramic objects . Alex Bart, American investor in Kwambio, says: “People don’t want to buy a lot of plastic objects, they want ceramics.” Capable of making 1,000 designs a month, the 3D printer is drawing US attention. Vlad Usov, CEO of Kwambio, says that Americans account for 90% of the 13 orders have been placed for the new printer, which sells for $25,000.
60 UKRAINE Country Report July 2018 www.intellinews.com