KYIV. Aug 11 (Interfax-Ukraine) – Public joint-stock company Ukrzaliznytsia seeks to start implement an investment project to electrify the Dolynska-Mykolaiv track section in 2016 jointly with the European Investment Bank (EIB), Ukrzaliznytsia Board Chairman Wojciech Balczun has said.
“The Dolynska-Mykolaiv track section is being electrified. We are preparing an investment project there. We held negotiations with the European Investment Bank that would finance the investment and we will launch the project this year,” he said.
Balczun said that the decision to electrify the Kovel-Izov section has been made.
In addition, Ukrzaliznytsia is preparing documents to expand the capacity of the line connecting Mariupol with other cities and towns to 30 train pairs a day.
Head of Odesa Railways Hryhoriy Boiko said in October 2015 that works on the electrification of the Dolynska-Mykolaiv railway section are estimated at EUR 290 million.
In April 2016, Acting Ukrzaliznytsia Board Chairman Yevhen Kravtsov expressed hope that cooperating with the EBRD and the European Investment Bank, Ukrzaliznytsia will able to raise funds for electrification of top-priority routes, in particular, the Dolynska-Mykolaiv section.
SUMY. Aug 11 (Interfax-Ukraine) – Kusum Pharm LLC (Sumy) intends to use the opportunities of import replacement to double production capacity of the Sumy plant in 2018 and 2019, the co-founder and Director General Rajeev Gupta has said.
“First partially and later fully we will switch over to production of medicines we now import from our plant in India to Sumy,” he told reporters during a recent visit of Indian Ambassador to Ukraine Manoj Kumar Bharti to Sumy.
Gupta said that the Sumy plant could start producing 50 more medicines, and their number would double.
He said that this year the company seeks to expand warehouses by 1,500 square meters, to 4,000 square meters and next year – to expand the administrative building and the quality control department. Then the expansion of production facilities will start in 2018.
Gupta said conditions for attracting investment has been improved by cutting bureaucratic red tape and offering tax incentives for innovation companies.
Kusum Pharm LLC was registered in 2005. Its founders and owners on a parity basis are Gupta and Russian citizen Vladimir Lukyanenko via Swiss Torberg Beteiligungen AG.
KYIV. Aug 11 (Interfax-Ukraine) – Ukraine’s State Property Fund (SPF) has fully switched small privatization to electronic trading market platforms, the fund said on its website on Thursday.
According to the report, the decision was made to secure transparency and openness selling the facilities and to attract a larger number of potential buyers.
“Now all auctions to sell state-controlled immovable property, movable property, enterprises, including Dutch auctions, with land parcels or without them, are held only in the electronic form via the official privatization website privatization.gov.ua, with a redirect to the electronic sites of exchanges selling state-run facilities,” the fund said.
The fund signed a memorandum of cooperation with eight exchanges. The exchanges will hold online auctions to sell small privatization facilities. The exchange network with which the fund cooperates is gradually expanding.
The fund said that first electronic trading to sell small privatization facilities started in December 2015. Since early 2016 as of August 1, 2016, the fund announced 246 electronic auctions, including nine Dutch auctions.
The SPF said that the share of small privatization facilities of total privatization in the country is 99%.
Auctions to sell small privatization facilities online are held in line with SPF order No. 1325, dated September 9, 2015.
KYIV. Aug 10 (Interfax-Ukraine) – Socar Ukraine Trade House LLC has shipped 8,400 tonnes of diesel fuel for public joint-stock company Ukrzaliznytsia, and this is 60% of the volume planned to supply as part of the contract signed on August 1 between the two companies, the press service of Ukrzaliznytsia has reported.
As of morning on August 8, 2016, Socar Ukraine Trade House LLC shipped 8,400 tonnes of diesel fuel. The contract signed by the parties on August 1 has been fulfilled almost by 60%,” the company said.
Ukrzaliznytsia said that at present the company does not receive diesel fuel under a contract signed on July 6 with WOG Aero Jet, as the contract price is UAH 20,900 per tonne with VAT, which is considerably higher than average market prices, being UAH 16,900-17,500 per tonne, according to information from Derzhzovnishinform of August 2, 2016. Center for Provision of Production of Ukrzaliznytsia is holding permanent talks with WOG Aero Jet asking to cut the price to the market level.
Ukrzaliznytsia said in the press release that electronic trading to buy 8,000 tonnes and 11,000 tonnes of diesel fuel were announced on August 5.
As reported, Socar Ukraine Trade House LLC first won a tender held by Center for Provision of Production of public joint-stock company Ukrzaliznytsia to supply diesel fuel, although the bidder of similar tenders WOG Aero Jet which price was 15.3% higher challenged the results of the tender.
Commenting on the claim of WOG Aero Jet sent to Ukraine’s Antimonopoly Committee, Ukrzaliznytsia said that the contract is considered signed, as the committee has not made any decision under the claim. The claim was published later than information that the contract is signed.
The press service of Ukrzaliznytsia added that WOG Aero Jet on August 1, 2016 also filed a claim to the National Anti-Corruption Bureau of Ukraine.
Ukraine’s Antimonopoly Committee said that purchase of diesel fuel from Socar by Ukrzaliznytsia is unlawful. The discussion of the claim scheduled for August 5 did not take place and was postponed.
KYIV. Aug 10 (Interfax-Ukraine) – Ukraine intends to develop trade relations with Indonesia, Ukrainian President Petro Poroshenko has said.
“First the EU-Ukraine Deep and Comprehensive Free Trade Area (DCFTA) took effect from January 2016…Duties on most categories of goods and services have been revoked. We have an absolutely fantastic logistics, and it takes 40 hours, not 40 days to reach Indonesia now,” the president said at the Ukraine-Indonesia business forum in Indonesia on Sunday.
He said that goods turnover between Ukraine and Indonesia has significantly grown in the first five months of this year, and this is evidence of stepping up cooperation between the two countries.
The president said that this situation makes Ukraine more attractive for foreign investors. Indonesia could use this opened window to the EU for Indonesian business. The Ukrainian president said that in turn, Indonesia is a large market. Ukraine is ready to be present on it, he said.
Poroshenko pointed out the importance of deepening cooperation with Indonesia in various spheres, in particular, agriculture, defense and technical, pharmaceutical industries and energy equipment production.
“We have a huge potential for cooperation of pharmaceutical companies sand many representatives of pharmaceutical are present in the Ukrainian delegation. There are many pharmaceutical companies in Indonesia,” Poroshenko said.
He recalled that after negotiations with the president of Indonesia, several important agreements were signed. They concern cooperation in agrarian, defense industries and the agreement on the visa-free travel for citizens of both countries who have diplomatic or service passports.
KYIV. Aug 9 (Interfax-Ukraine) – Private joint-stock company Jacobs Ukraine (Trostianets, Sumy region) will pay UAH 121.87 million in dividends in the period from August 22 through December 23, 2016.
The company has said in the information disclosure system of the National Commission for Securities and the Stock Market, the decision was made by the company’s shareholders at a meeting on August 4, 2016.
Net profit of Jacobs Ukraine totaled UAH 121.87 million in 2015, and net revenue was UAH 2.27 billion.
As reported, Jacobs Ukraine was founded in 2015 via separating it from Mondelez Ukraine (formerly Kraft Foods Ukraine).
Mondelez Ukraine sells products under Jacobs, Carte Noire, Korona, Milka, Vedmedyk Barni, OREO, TUC, Belvita! Dobry Ranok, Lux, Halls, Dirol, Picnic, and Tassimo brands.
In summer 2015, Mondelez International Inc. and D.E. Master Blenders 1753 B.V. finished uniting coffee businesses. Jacobs Douwe Egberts (JDE) has been created after the merger. The company is headquartered in Amsterdam (the Netherlands).
