PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has extended its wagon fleet by 2.5 times, commissioning 450 new high-sided wagons received under a financial leasing scheme. According to a press release of ArcelorMittal Kryvyi Rih, at the beginning of 2018 the enterprise received 50 new cars: thus, this year the company has commissioned 500 wagons to transport its metal products and supply raw materials to the plant.
At the same time, it is noted that as a result its own fleet has increased by 2.5 times, which allows the company to carry out about 10-15% of its transportation independently, regardless of the situation in the railway market and the availability of wagons. This will help reduce the cost of delivering outgoing and incoming goods, as well as give an opportunity to consider new directions of metal products and iron ore concentrate transportation for exports.
All new wagons for the enterprise are manufactured by PJSC Dniprovahonmash, which is one of the participants in the signed agreement under the scheme of financial leasing.
ArcelorMittal Kryvyi Rih is the largest producer of steel goods in Ukraine. It specializes in production of long goods, in particular, fittings and wire rod.
Latvia’s Lattelecom plans to occupy 12% of the Ukrainian cloud service market in 2018, Director for Business Development Data Processing Centers Maris Sperga has told Interfax-Ukraine.
“The market growth of cloud services in 2018 is planned at the level of 12-13% – not as large as last year. We plan that this year we will grow to 12% of the Ukrainian market. This is our goal, to which we are going,” he said.
According to Sperga, the company has been active in Ukraine for five years and during this time has reached volumes of 10% of the cloud services market in Ukraine.
“Last year was very positive for us: on the Ukrainian market we grew by about 40%, taking into account the fact that the market itself grew by 27%, which means that we outstripped its growth and were able to gain an additional share in the market,” he said.
Sperga also said that according to the International Data Corporation (IDC) research company, the Ukrainian market of cloud technologies is about $16 million.
Lattelecom has been operating in the Ukrainian market since 2013.
In 2016, Ukrtelecom agreed with Lattelecom to start cooperation on providing Ukrainian companies with the possibility of renting virtual servers or the “cloud” data center of Lattelecom located on the territory of the EU in Riga.
Cadogan Petroleum, the British oil and gas company with assets in Ukraine, has commenced drilling the shallow Vovche-2 well on the Bitlianska license (Lviv region), the company has reported on the website of the London Stock Exchange (LSE).
Cadogan said that the well is anticipated to take 20 days to drill and will then be put on production if successful. The well is designed to test the potential of satellite prospects around an established, old oil field.
A heavier rig is being selected to drill the Blazh-10 well on the Monastyretska license (Lviv region) as planned at a depth of about 3,500 meters. The well is expected to spud in November and is anticipated to take three months to drill, the company said.
The Vovche-2 well and the Blazh-10 well fulfil the company’s remaining commitments on the Bitlianska and Monastyretska exploration licenses, a prerequisite to convert them into production licenses.
State-run Oschadbank and Ukreximbank have put rights of claim under a loan agreement with Kyiv-based Gulliver shopping mall’s mortgage up for sale through SETAM’s OpenMarket system for UAH 18.177 billion.
The lot includes a 1.14 ha plot of land on Kyiv’s Sportyvna Square, a trading and office complex with a parking lot with a total area of 151,800 square meters, a 0.11 ha plot of land for construction of a new trading and office complex, and 100% of corporate rights in the borrower’s charter capital, says an announcement posted on the trading platform.
The auction is scheduled for October 16. Bids are accepted until October 15.
The TAS Group of Sergiy Tigipko has reached a preliminary agreement on acquisition of PrJSC Kuznya on Rybalsky Plant (both based in Kyiv), the press service of the group told Interfax-Ukraine on Thursday.
“At the current stage an application to buy shares in PrJSC Kuznya on Rybalsky Plant has been submitted to the Antimonopoly Committee of Ukraine. After receiving a permit from the regulator, the sides plan to continue finalizing the deal,” the press service said in response to the official inquiry by Interfax-Ukraine.
“The cost of the deal and its terms are not disclosed. The TAS Group will announce its plans on the further development of the enterprise after receiving the permit from the Antimonopoly Committee of Ukraine,” the press service said.
According to the response to the inquiry, the preliminary agreement on the deal to buy shares in the shipyard was reached after holding negotiations between the TAS Group and the owner of Kuznya on Rybalsky Plant.
“The TAS Group is actively investing in the Ukrainian economy and considering those investment projects that meet its long-term development strategy,” the press service said.
Kuznya on Rybalsky is a famous shipyard on the Ukrainian market. The key shareholder in the plant privatized in 1995 is the non-diversified corporate investment fund Prime Assets Capital (earlier Petro Poroshenko fund, Kyiv).
The gross occupancy of logistics real estate in the Ukrainian market in January-June 2018 increased by 43% compared to the same period in 2017 and amounted to approximately 100,000 square meters, according to statistics given in the study of CBRE Ukraine international consulting company (Kyiv). According to the CBRE Ukraine survey, the share of occupancy of warehouses by large retailers was 58%, by light industry, pharmaceutical and medical companies some 26%. About 62% of rental transactions were associated with relocation or extension.
The share of large transactions (more than 10,000 square meters) was 23% and was represented by leasing 20,000 square meters by Comfy in the Raben warehouse complex near Kyiv, as well as 20,000 square meters by Eldorado with the move to RLC Fozzy Distribution Center.
According to CBRE Ukraine, the vacancy rate in the first half of 2018 decreased by 2 p.p. and amounted to 4%.
The declared rent rates in A class warehouses at the end of the first half of the year were in the range of $4.6-6 per square meter a month. Effective rental rates in A class warehouse complexes ranged from $3.4 to $5.2 per square meter a month, while in B class warehouse complexes they stood at the level of $2.5-3.4, where the upper limit has grown by 13% since the beginning of the year. As a result of fluctuations in the exchange rate, rates in U.S. dollars were unstable, while most of the deals were signed in hryvnia.
