Lviv’s municipal enterprise Zelene Misto (Green City) has announced a tender to design blueprints for building waste recycling plant at the stage of the feasibility study and the project.
The press service of Lviv City Council reported on Tuesday that the announcement was placed in the ProZorro e-procurement system. The approximate cost of works is UAH 4.7 million.
“The concept of this complex is based on the idea of the largest reduction in volume and residual volume of recycled wastes that will be sent for disposal,” the press service said, citing Director of municipal enterprise Zelene Misto Vadym Nozdria.
According to his forecasts, the use of manual sorting options will reduce the amount of waste to be buried by 55%.
The State Property Fund of Ukraine (SPF) on March 20 will put a 25% stake in public joint-stock company Odesaoblenergo up for sale at a starting price of UAH 149.081 million.
According to a report in the Vidomosti Pryvatyzatsii newspaper, the auction will take place on the platform of the Ukrainian Exchange (Kyiv).
As reported, in August 2017, the SPF failed to sell 25% of Odesaoblenergo at a starting price of UAH 631.3 million due to a lack of bids.
Odesaoblenergo increased its net profit 7.6-fold (by UAH 59.351 million) in January-September 2017, compared to the same period in 2016, to UAH 68.314 million, net income by 31.8% (by UAH 1.336 billion), up to UAH 5.541 billion.
VS Energy Group controls about 64% of Odesaoblenergo’s shares, another 25% of the company’s shares belong to the state represented by the SPF.
A successful fight against corruption will help attract foreign investment in Ukraine, Foreign Minister of Denmark has said.
“Of course, in order to facilitate trade, it is necessary, in particular, to successfully combat corruption, so we very much hope that a specialized anti-corruption court will appear in Ukraine and if the fight against corruption is successful, it will help attract foreign investment in Ukraine,” he said at a joint news conference with Ukrainian Foreign Minister Pavlo Klimkin in Kyiv on Wednesday.
The diplomat added that Danish investments are present in Ukraine, but very big ones.
“We are a small country and we have few resources, so we learned from our own experience how important trade is,” he added.
In turn, the Ukrainian minister said that there are more than 80 Danish companies in the country.
“There are more than 80 Danish companies in Ukraine, if I am not mistaken, I would like there were 800 of them,” Klimkin said.
PJSC Severodonetsk Azot (Luhansk region) intends to resume carbamide production in March this year, President of the Ukrainian Chemists Union Oleksiy Holubov has said at a press conference in Kyiv. “Severodonetsk Azot is likely to be launched on gas in March. And then it should start working on a full cycle: production of nitrate and carbamide,” he said. Holubov added the company had already installed a cogeneration unit, which solves the problem of stable power supply.
As reported, in November 2017 Severodonetsk Azot resumed production of ammonium nitrate. In June 2017 Ostchem Group announced the resumption of work of its three plants, including Severodonetsk Azot. Ostchem Group consolidates the chemical assets of Group DF of Dmytro Firtash. It includes the nitrogen fertilizers enterprises PJSC Azot (Cherkasy), PJSC Rivneazot, PJSC Severodonetsk Azot (Luhansk region) and PJSC Stirol Concern (Donetsk region).
The Kovalska Industrial and Construction Group (Kyiv) invested over $10 million in purchase of 360 freight cars for transporting crushed stone from its own quarries.
“Last year, we purchased 360 cars for the transportation of crushed stone from our own quarries to the production facilities of the group in Kyiv, which cost us more than $10 million. It allowed us to harmoniously develop the raw materials business,” Director General of Kovalska Group Serhiy Pylypenko said.
In addition, he said, last year the company also invested more than EUR 5 million in upgrading its own fleet.
“KamAZ is ineffective and not environmentally friendly. In 2017, we bought 30 Mercedes trucks for EUR 5 million to transport cement. In general, we plan to purchase more, maybe even next year,” Pylypenko said.
Kovalskaya Group was established in 2006 and it has been operating in the market of ready-mixed concrete and reinforced concrete products since 1956.
Horizon Capital, an asset management company, that invested over $500 million via private equity funds, plans to invest $100-200 million more in the country in the coming five years, Horizon Capital founder and CEO Lenna Koszarny has said.
“We continue investing after this difficult 2013-2014 period – more than $50 million over this period. Our plans for the next five years are to invest another $100-200 million. Now we see many opportunities,” she said in an interview with the Business weekly.
According to her, at present the company is discussing the possibilities of entering into the charter capital with more than 30 companies, trying to find “founders-visionaries”.
Koszarny said that the offer of lending to Ukrainian business has recently increased. It must be supplemented with foreign direct investment (FDI), and its volume today is only $1-1.5 billion per year.
“For five years, I would like to see investments at $6-7 billion annually: from America, Europe, but also from the Middle East, Asia, India and China,” the Horizon Capital CEO said.
According to Koszarny, the IT industry can be the driver of export for Ukraine due to the switch from the model of export of raw materials to the model of export of goods and services with high added value.
Horizon Capital was established in 2006. It manages private equity funds Western NIS Enterprise Fund (WNISEF, established in 1994 with a capital of $150 million), Emerging Europe Growth Fund, L.P. (EEGF, established in 2006 with a capital of $132 million) and EEGF II (EEGF, established in 2008 with $370 million capital).
The money of these funds is invested in projects in Ukraine, Moldova, and Belarus.
The founding partners of Horizon Capital are Jeffrey C. Neal, Mark Andrew Iwashko, Natalie Jaresko and CEO Lenna Koszarny.
In June 2016, OPIC (Overseas Private Investment Corporation) said that the OPIC would provide up to $37.5 million to EEGF III launched by Horizon Capital for the period of up to 10 years.
