Business news from Ukraine

Business news from Ukraine

SMG TO BUILD OIL GARBAGE DISPOSAL VESSEL FOR YUZHNY PORT IN ODESA REGION FOR UAH 100 MLN

KYIV. Nov 27 (Interfax-Ukraine) – Kherson Shipyard, part of the Smart Maritime Group (SMG), will build an oil garbage disposal vessel under the order of the Yuzhny branch of the Sea Port Authority of Ukraine (authority of the Yuzhny seaport, Odesa region).

The press service of SMG reported that the contract to build the ship, worth UAH 99.6 million, was signed in Kherson on November 24.

“Earlier, the shipyard won a tender of the Yuzhny branch of the Sea Port Authority. The offer of SMG was declared the best both in the cost and the terms,” the press service said.

The oil garbage disposal vessel can also be used as a ship handling tug and can be used to fight fires on vessels and at ports. The Ice 2 class will allow the vessel to operate in the winter, the press service said.

“We believe that this contract is one more chance to show the high level of qualification of our shipbuilders… I’m sure that we would not quit on the contractors,” SMG CEO Vasyl Fedin said.

Smart Maritime Group is the largest shipbuilding holding of Ukraine. It was founded in 2009 to manage marine assets of Smart-Holding of businessmen Vadim Novinsky. It includes Chornomorsky Shipbuilding Yard (Mykolaiv) and Kherson Shipyard.

VODAFONE UKRAINE PLANS TO COVER 18 REGIONAL CENTERS WITH 3G NETWORK BY LATE 2015, LAUNCH IN KYIV ON NOV 26

centers with its UMTS (3G) standard network by the end of 2015, CEO Oleh Prozhyvalsky told reporters on Wednesday.

At present, the operator’s network has been launched in three regional centers – Odesa, Chernivtsi and Uzhgorod.

Prozhyvalsky said that by the end of the year the network will appear in Kyiv, Lviv (December 7), Dnipropetrovsk (December 15), Khmelnytsky (December 24), Ternopil (December 24), Sumy (December 10), Poltava (December 9), Ivano-Frankivsk (December 11), Rivne (December 23), Vinnytsia (December 24), Kherson (December 11), Chernihiv (November 30), Kirovohrad (December 14), Lutsk (November 30) and Mykolaiv (December 8).

Vodafone Ukraine Technical Director Andriy Tereschuk said that the 3G network in Kyiv will be launched using the cluster principle (district by district) in five stages. The first stage will start at night on November 26 in the Solomiansky district. The next stages will be on December 4, December 15, December 25 and December 30.

SUMY NPO TO SUPPLY COMPRESSOR UNITS IN UZBEKISTAN IN 2016

KYIV. Nov 26 (Interfax-Ukraine) – Public joint-stock company Sumy Machine-Building Science and Production Association (Sumy NPO) has signed a contract to produce compressor units for a gas booster station being built at the Sharkiy Berdakh oil and gas field in Uzbekistan, according to a company press release.

Sumy engineers will design and produce three sets of compressor units, including high and low pressure casing, with associated equipment. The contract also includes the delivery of six additional sets of detachable rotor bundles.

“The project is very limited in time. Shipment should be carried out in spring of 2016, after which the company’s specialists will fulfill assembly and start-up works of the contractual equipment,” sales department head for Central Asia and the CIS countries Oleksandr Shevtsov said.

Sumy NPO has a long history of cooperation with Uzbekistan. In particular, Sumy NPO branded products are successfully operating at booster compressor stations located on the Pamuk, Zevardy, Kokdumalak and Gazly fields, as well as at the Akhangaran, Shakhpakhty, and Navoi thermal power plant compressor stations, and at many other facilities.

Sumy Machine-Building Science and Production Association is one of the biggest producers in Europe of gas re-pumping units and outfitted compressor stations for various uses: centrifugal, vacuum, and chemical pumps, and centrifuges and other equipment for the chemicals gas and oil-refining industries.

PARLIAMENT TO CREATE STATE AGENCY FOR EXPORTS SUPPORT

KYIV. Nov 26 (Interfax-Ukraine) – The Ukrainian parliament plans to create a state agency for exports support (export-credit agency).

A total of 256 lawmakers passed bill No. 2142a at first reading.

One of the authors of the bill, Viktor Halasiuk (Oleh Liashko’s Radical Party) said that the bill will introduce insurance, guarantees and cheapening of exports crediting. The bill is in line with the directives of the European Union and the World Trade Organization, he said.

Deputy Ukrainian Economic Development and Trade Minister and Trade Representative Natalia Mykolska previously said that the concept on the export-credit agency will be drawn up by the end of October.

She said that Ukreximbank (Kyiv) will finance export-import transactions, while Export-Credit Agency will insure non-banking risks.

After completing the concept, the government would also submit the relevant law on the export-credit agency to the parliament.

RADA PASSES BILL ON LIFTING REGULATORY BARRIERS TO DEVELOP INDUSTRIAL PARKS IN UKRAINE

KYIV. Nov 26 (Interfax-Ukraine) – The Verkhovna Rada has passed bill No. 2844 of May 14, 2015 on lifting regulatory barriers to develop industrial parks in the country.

A total of 266 lawmakers supported the bill at second reading on Tuesday.

“Support of industrial parks is a real tool to attract investment in the real economic sector – into the processing industry where jobs are created and taxes are paid,” one of the authors of the bill, Viktor Halasiuk (Oleh Liashko’s Radical Party) said.

According to the attached materials to the bill, it is planned to authorize the Economic Development and Trade Ministry of Ukraine to form and implement the policy of creating functioning industrial parks due to the liquidation of the State Agency for Investment and National Projects Management of Ukraine.

The bill obliges the ministry to post a list of industrial parks (including pilot parks) on its website. The criteria used to decide on the inclusion of industrial parks in the list of pilot projects remain to be defined.

The length of take it takes for agreements to be made on the creation of industrial parks to take effect has been specified – from the date of signing the agreement, and the term of looking for the managing company by the initiator of the park creation has been increased from one to two years.

Amendments to the Land Code specify the notion of industrial park as an entity which has rights to land parcels as well as other facilities within the industrial park.

Rights to land plots can be transferred to the managing company of the industrial parks and the leaser (the initiator of the park creation) is authorized to sub-lease land parcels to industrial park participants without a preliminary agreement with the owner of the land parcels.

The managing company of the industrial parks is exempted from paying rent rates for the use of land parcels in state or municipal ownership for the period of three years from the moment of the signing of the agreement between the initiator and the managing company.

As of October 2014, the list of industrial parks of Ukraine includes eight parks: Svema (Shostka, Sumy region), Solomonove (Uzhgorod district, Zakarpattia region), Riasne-2 Lviv industrial park, Dolyna (Ivano-Frankivsk region), Slavuta (Khmelnytsky region), Kremenchuk (Poltava region), Korosten (Zhytomyr region) and First Ukrainian Industrial Park (Velyka Dymerka, Brovary district in Kyiv region).

CABINET PROPOSES CREATION OF EIGHT TRADE MISSIONS TO PRESIDENT

KYIV. Nov 26 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine will propose that Ukrainian President Petro Poroshenko should create eight trade missions to promote exports of Ukrainian goods, Ukrainian Prime Minister Arseniy Yatseniuk said at a cabinet meeting on Wednesday.

“Under Ukrainian law this is within the competence of the Ukrainian president and I’m sure that the president will support the initiative of the government,” he said.

Yatseniuk said that the cabinet will propose that trade missions should be established in the European Union (Brussels), the United States (Washington), China, Egypt, Germany, Poland, Switzerland and Turkey.

Yatseniuk said that next week, the government will meet with the largest Ukrainian exporters to discuss the expansion of Ukrainian exports and support for Ukrainian exporters.