Business news from Ukraine

Business news from Ukraine

Rauta first facility to be built with construction project management service is business center for international IT company in historic center of Kyiv

The construction project management outsourcing is a new service in Rauta offer, but the company already has several projects in its portfolio where it performs turnkey construction works.

The new 7-storey business center has an area of about 3.000 sq.m and modern infrastructure with a comfortable workspace for IT entrepreneurs.

Performance of Rauta construction project management outsourcing includes the following stages:

  • Support at the pre-project stage
  • Development of the design and cost documentation
  • Examination of the design documentation
  • Selection of a general contractor
  • Obtaining a construction permit
  • Preliminary work at the construction site
  • Execution of construction and installation works
  • Construction and connection of external engineering networks
  • Commissioning

More information about the construction project management outsourcing

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“Ukrposhta” announces tender for driver insurance

The Ukrainian state postal service enterprise Ukrposhta (Kyiv) announced a tender for compulsory insurance of drivers against transport accidents on January 31, according to the ProZorro electronic public procurement system.

According to the system, the expected cost of the services is UAH 771.375 thousand.

The deadline for submitting bids is February 8.

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“Energoatom” saved UAH 2.3 bln after refusing from Russian nuclear fuel

The refusal from Russian nuclear fuel with a parallel active entry into the global nuclear materials market allowed Energoatom to save UAH 2.3 billion on the difference in world prices since 2022.

“The effective work of Energoatom in the uranium market and its conversion and enrichment services has given Ukraine the opportunity not only to get rid of its dependence on Russian nuclear fuel, but also to save significant funds,” the company said, citing NNEGC Chairman Petro Kotin.

According to him, the decisions taken by the company in 2022-2023 to increase the purchase of uranium and uranium conversion and enrichment services, as well as the negotiations and contracts concluded in advance with Energoatom’s international partners, represented by the British Urenco and Canadian CAMECO, have brought positive results so far.

“Firstly, we have calmly and without damage completely abandoned nuclear materials and related services of Russian origin. Secondly, we save about UAH 2.3 billion on the difference in world prices for these products (from the time of procurement to the present day, they have increased by more than a third on average),” Kotin said.

According to the NNEGC, the global revival of nuclear generation has led to a continuous increase in prices for uranium and uranium conversion and enrichment services, which are already reflected in world records.

“Therefore, the contracts signed by Energoatom with Urenco and CAMECO guarantee long-term uninterrupted operation of the domestic nuclear generation,” the company added.

Urenco, in particular, will supply Energoatom with uranium enrichment services until 2035 with the possibility of extending the contract until 2043; CAMECO will meet Energoatom’s needs for natural uranium hexafluoride (UF6) by 100% in 2024-2035 by supplying it and providing conversion services.

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Forum on Ukraine’s recovery opens in Turkey

The Forum for the Reconstruction of Ukraine is taking place in Istanbul. It began with a meeting between Turkish Trade Minister Omer Bolat and Minister of Transport and Infrastructure Abdulkadir Uraloglu and Vice Prime Minister of Ukraine Oleksandr Kubrakov.

“We held fruitful meetings with Omer Bolat and Abdulkadir Uraloglu, who organized the Ukraine Reconstruction Forum, an initiative that promotes cooperation in the recovery and development of the affected regions. This demonstrates a strong commitment,” Kubrakov wrote on social network X.

He noted that the forum will help increase the trade potential of the countries, expand logistics and foreign economic relations.

“We have a common goal: The Black Sea should become a zone of cooperation, trade and economic growth. It is important to attract private investment in infrastructure rehabilitation. This year, projects aimed at restoring energy, housing, critical and social infrastructure are prioritized,” Kubrakov said.

The Turkish Minister of Trade, for his part, emphasized that the experience gained from successful projects implemented by Turkish contractors in different regions of the world to date will become a cornerstone of cooperation between the two countries, especially in the reconstruction of Ukraine.

“In addition, together with Kubrakov, we have made important assessments of increasing the volume of mutual trade and strengthening economic relations between the two countries,” he wrote in X.

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TASKOMBANK concluded agreement in amount of UAH 15.6 mln with Nika Plast

TAScombank has signed the first UAH 15.6 million factoring financing agreement under the state program “Affordable Factoring” with Nika Plast, a producer of plastic films, the financial institution’s press service said on Wednesday.

“This will allow our partner to obtain additional working capital to increase production and sales,” the release said.

The term of the agreement and the interest rate were not specified.

According to the press service, Nika Plast is a manufacturer of polyethylene films, bags, sacks and other products made of high and low pressure polyethylene, which have a wide range of applications.

According to YouControl, the company was registered in 1997, and its ultimate and sole beneficiary is Oleksandr Nikolaienko. It is noted that the main consumers of the products are: the construction sector, agro-industrial, industrial and food production, retail chains, as well as small businesses.

The “Affordable Factoring” program is aimed primarily at Ukrainian producers of goods – micro, small and medium-sized enterprises – and was created to provide them with the opportunity to quickly replenish working capital.

The maximum limit of financing within its framework is UAH 150 million, the interest rate is compensated above the level of 13% per annum, and the maximum term of use is 360 days.

In addition to TAScombank, the program includes such authorized factors as: Credit Agricole Bank, MTB Bank, Cominbank, Globus Bank and OTP Bank.

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Corum Group completes shipment of new scraper conveyor for Belozerskaya mine to DTEK Energy

Corum Group (DTEK Energy) is completing the shipment of a new scraper conveyor for DTEK Energy’s Belozerskaya mine, the company said on Facebook on Wednesday.

“The powerful and high-performance SPC271M conveyor, designed for efficient coal mining and transportation in difficult mining and geological conditions (…), is designed to work with seams with a thickness of 1.65 m,” the statement said.

According to Corum, the new machine, in particular, has drive units equipped with a water cooling system that reduces the risk of overheating, and is also equipped with replaceable drive stars, which makes maintenance affordable and safe.

Corum Group is a leading manufacturer of mining equipment in Ukraine and is part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK holding.

As reported, in 2023, DTEK’s machine builders manufactured and repaired 750 units of mining equipment, including 15 new tunnelling and shearers. We also produced 1.1 million spare parts.

In 2022, 147 units of mining equipment (including 9 shearers) and 456 thousand spare parts and components were produced in the relocation of production facilities (Druzhkovka Machine-Building Plant and partially at Svet Shakhtyora in Kharkiv).

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