KYIV. Sept 13 (Interfax-Ukraine) – Olam International Ltd. (Singapore) seeks to invest millions in construction of a port grain terminal in one of the Ukrainian ports, First Deputy Prime Minister, Minister of Economic Development and Trade Stepan Kubiv has said.
“Ukraine continues attracting investors, such as Olam International, a transnational corporation from Singapore, among the founders of which is Mitsubishi Corporation. Earlier Olam acquired Bila Tserkva Elevator and seeks to invest millions in construction of a port grain terminal in one of the Ukrainian ports,” he wrote on his Facebook page.
Kubiv said that top managers of Olam Ukraine promises to publish the details of the project soon.
“Now they are confident in the incredibly attractive prospects of operation in Ukraine,” Kubiv said.
Earlier Deputy Head of the State Property Fund of Ukraine (SPF) Yuriy Nikitin told the Focus publication that Mitsubishi Corporation is interested in acquiring public joint-stock company Mykolaivoblenergo and public joint-stock company Khmelnytskoblenergo.
“We finally see the adoption of the bills our European and U.S. partners asked for – the bill on the National Commission for Energy, Housing and Utilities Services Regulation (NCER) and the legal base for RAB tariffs. The issue of introducing these principles is competence of the government and the regulator. We will appraise the stakes [in the regional power supply companies], taking into account all these factors. There is demand. For example, Mitsubishi is showing its interest in Mykolaiv and looking at Khmelnytsky,” Nikitin said.
Olam International is a leading agri-business operating from seed to shelf in 70 countries, supplying food and industrial raw materials.
Olam Ukraine was founded in 2005. It is a leading supplier of cacao beans and cacao products to local confectionaries and the largest exporter of grain and dry dairy products.
KYIV. Sept 13 (Interfax-Ukraine) – The Regional Development, Construction, Housing and Utilities Economy Ministry has predicted that next year the cost of construction of 1 square meter of apartments in Ukraine would grow by 27% compared to 2017, to UAH 12,200 (not taking into account temporarily occupied Crimea and Sevastopol).
The data is outlined in the order of the ministry on the forecast average annual derived cost of housing construction in the Ukrainian regions for 2018 (No. 195) dated August 9, 2017 and posted on the ministry’s website.
“To approve and recommend applying the forecast average annual derived cost of housing construction in the Ukrainian regions for 2018,” the ministry said.
According to the document, the cost of construction of one square meter of apartments in Kyiv in 2018 will grow to UAH 14,300 from UAH 11,300 in 2017, in Kyiv region – to UAH 12,300 from UAH 9,700.
Donetsk region with UAH 12,800, Kharkiv with UAH 12,800, Rivne with UAH 12,400, Cherkasy, Khmelnytsky and Lviv regions with UAH 12,000 each follow Kyiv region.
The smallest cost of one square meter of apartments is recorded in Zakarpattia region (UAH 10,600), Zhytomyr region (UAH 10,700), Ivano-Frankivsk region (almost UAH 11,000) and Kirovohrad region (UAH 10,600).
The order will enter into force from January 1, 2018.
KYIV. Sept 13 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine intends to privatize public joint-stock company Centrenergo (in spring 2018), public joint-stock company United Mining and Chemical Company, public joint-stock company Agrarian Fund, public joint-stock company Odesa Oil Refinery, public joint-stock company Odesa Port-Side Plant, public joint-stock company Ukrgasbank, state-owned enterprise (SOE) Ukrspyrt and other enterprises, Ukrainian Prime Minister Volodymyr Groysman has said.
“We are interested in having investors – high quality, competitive, with new technologies and new governance quality. The new bill [it was presented at a meeting of the National Reforms Council on Tuesday] creates equal rules for attracting investors. People at enterprises are waiting for new labor conditions and new technologies,” he said at a meeting of the National Reforms Council, the press service of the Cabinet of Ministers reported.
The prime minister said that no more than 100 companies should remain strategic and state-owned in Ukraine. They could be modernized, corporatized and transferred to new management standards aimed at boosting their profits. The rest of over 3,000 facilities should be divided into facilities for concession or privatization.
“We offer large enterprises and companies operating in the unregulated sectors. State-owned company Centrenergo in spring 2018 is among them, as well as United Mining and Chemical Company, State Food-Grain Corporation, Agrarian Fund, Odesa Oil Refinery that was returned to the state, Odesa Port-Side Plant, Ukrgasbank, Turboatom, Ukrspyrt and other enterprises,” he said.
KYIV. Sept 13 (Interfax-Ukraine) – Ukraine had by September 12 sown 535,000 hectares with winter grain crops for the 2018 harvest, which is 7% of the plan, the Agrarian Policy and Food Ministry has said on the website.
In particular, winter wheat and triticale crops were sown on 503,000 ha (8% of the plan), rye crops on 20,000 ha (12%), and barley on 12,000 ha (1%).
A campaign to sow rapeseed crops is about to end: 728,000 ha, or 94% of the target, is under the crops.
By the said date, Ukraine had threshed 37.5 million tonnes of early grain and leguminous crops from 9.7 million ha (100%) with an average yield of 3.38 tonnes per hectare.
KYIV. Sept 11 (Interfax-Ukraine) – South Korean UNINK is interested in projects on construction of Liubelia coalmine and a rail track between Warsaw and Lviv, Vice President of Ukraine’s Chamber of Commerce and Industry Serhiy Svystil has said at a briefing at EXPO 2017.ASTANA. FUTURE ENERGY exhibition.
“A delegate from South Korea worked at our stand [the Ukrainian stand] for a week. Finally he said that a total of 15 projects were selected that a delegation to Ukraine to study. Among projects that were interesting to them was construction of Liubelia coalmine, Carpathian wind farm for 36.3 MW, a solar power plant of the Lviv regional clinical diagnostic center, Skola wind farm for 39.6 MW and construction of the European-standard gauge Warsaw-Lviv track,” he said.
Svystil said that companies from Malaysia also showed their interest to projects on construction of solar power plants in Ukraine.
KYIV. Sept 12 (Interfax-Ukraine) – The 14th annual meeting of the Yalta European Strategy (YES) on the topic “Is this a new world? And what does it mean for Ukraine?” will be held in Kyiv on September 14-16.
The YES press service said the plenary sessions of the forum and the work of special sections will be held in Mystetsky Arsenal, while the event will be opened at Bessarabsky Market.
More than 350 leading politicians, diplomats, businessmen, civic activists and experts from 34 countries of the world will take part in the conference, organized by the YES international forum in partnership with the Victor Pinchuk Foundation.
The main topics of the forum will focus on global issues: a shift in the geopolitical distribution of forces and changes in the global economy. Particular attention will be paid to the policy of the new U.S. administration, global security, cyber security, populism and energy security.
One of the most important themes of YES will be Ukraine and its prospects in the world. Discussions will be devoted to the changes taking place in the country and the challenges it faces.
