KYIV. Sept 4 (Interfax-Ukraine) – Endless Moonlight Limited and Trading Field Limited (both based in Hong Kong) has announced their intention to purchase 24.95% of shares in PJSC Donetskoblgaz from Luxembourg’s Grandgas S.a.r.l. and Gascity S.a.r.l.
This is stated in the reports of companies in the press.
These two Luxembourg companies own 49.9% of the shares, another 38.28% of Donetskoblgaz belong to Naftogaz Ukrainy.
Donetskoblgaz in 2016 saw net loss fall by 7.7 times compared to 2015, to UAH 53.719 million, its net income rose by 57.4%, to UAH 2.37 billion.
KYIV. Sept 4 (Interfax-Ukraine) – Finance Minister of Ukraine Oleksandr Danyliuk has met with representatives of the World Bank to discuss the revision of the bank’s portfolio in Ukraine.
According to a report on the ministry’s website, the revision of the program portfolio allows to assess the status of the project implementation, after which further actions will be agreed upon.
Over the 25 years of Ukraine’s membership in the World Bank, the organization has allocated $11.905 billion to finance investment projects. The funds went to the institutional development of public authorities, support for certain areas and projects in priority areas, as well as to support reforms and balance the budget, the Finance Ministry said.
Constant and systematic review of the state of implementation of the projects contributes to their efficiency, the press release says.
KYIV. Sept 1 (Interfax-Ukraine) – State-owned enterprise Energoatom plans in 2018 to invest UAH 5.166 billion (excluding VAT) of credit funds from the European Bank for Reconstruction and Development (EBRD) and the European Atomic Energy Community (Euratom) in improving the safety of power units at nuclear power plants, which is 32.4% of the total investment program for 2018.
This is stated in the protocol of discussion of the investment program for 2018 posted on the company’s website.
In general, the company plans to approve an investment program for the next year in the amount of UAH 15.952 billion, whose sources, in addition to the EBRD and Euratom, should be profit (UAH 8.915 billion) and depreciation charges (UAH 1.871 billion).
The key areas of the investment program are improving safety, reliability and efficiency, as well as extending the lifetime of power units (UAH 10.973 billion), new construction (UAH 3.364 billion), physical protection of nuclear facilities (UAH 330 million), and other capital investments (UAH 1.049 billion).
KYIV. Sept 1 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has met with newly appointed President and Chief Executive Officer of Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, Ray W. Washburne to discuss promising areas of investment cooperation between the countries.
“OPIC is interested in the implementation of several projects in Ukraine – the development of small and medium enterprises, cooperation with the state-owned energy holding Energoatom, the development of wind power in the southern regions, particularly in Zaporizhia, and the modernization of Ukrzaliznytsia’s rolling stock. Now these projects are in the final stages of negotiations,” Groysman wrote on Facebook on Wednesday night.
According to the premier, the volume of financing projects with Energoatom is at least $250 million, and wind energy projects are estimated at about $400 million.
He said that since 1995, when OPIC started its activity in Ukraine, 20 different projects have already been implemented. “I hope further cooperation will become even more productive,” Groysman said.
As reported, Washburne is now in Ukraine and has already met with Finance Minister Oleksandr Danyliuk.
KYIV. Sept 1 (Interfax-Ukraine) – The Smart-holding industrial and investment group has invested over UAH 150 million in the upgrade of infrastructure of the Amstor shopping center chain.
“In September, Amstor launches an updated shopping center in Berdiansk… In the near future we plan to open a shopping center in Severodonetsk. We hope to return 11 shopping centers, which are currently located in the uncontrolled territory of Ukraine. All the shopping centers were restyled. The network seeks to add recreational infrastructure to routine weekly shopping,” Public Relations Manager of Smart Holding Viacheslav Rzheutsky wrote on his Facebook page.
According to him, today Amstor Retail Group LLC, part of Smart Holding, has managed to fully restore the operations of 13 out of 38 Amstor shopping centers operating before 2013. The anchor tenant of the renovated shopping centers is supermarkets Silpo of Fozzy Group.
Director of Amstor Retail Group LLC Oleksiy Pashunov said in an interview with the Association of Retailers of Ukraine that two years ago the company completely left the grocery retail and concentrated on property management.
According to him, all the facilities of the Amstor network are located in the eastern and central regions of Ukraine, and their total area is more than 170,000 square meters.
The total area of the renovated Amstor shopping center in Berdiansk will be about 12,000 square meters and with a parking area for 500 cars.
KYIV. Sept 1 (Interfax-Ukraine) – Arca Industry Ukraine, the subsidiary of Czech Arca Capital, has signed a trilateral memorandum with Ukrainian-Polish enterprise with foreign investment UPS (Dnipro) and Investment Service Ukraine (ISU).
According to their joint press release, the scope of the memorandum is consolidation of efforts aimed at uniting assets and facilities of 11 Ukraine construction companies on the basis of UPS and joint operations of the memo parties in construction of roads, highways and other infrastructure facilities all over Ukraine.
Czech investors have plans for next year. They want to build roads for EUR 150 million, increase the road construction machinery fleet by 100 units, employ 300 workers and modernize production facilities.
“We are interested in the start of durable and fruitful business relations with a group of Ukrainian enterprises, as we know that infrastructure development and new logistics opportunities is a top priority issue of the state. We are determined to invest into operations of the group of construction companies, Director Arca Industry Ukraine Pavol Krupa said.
He said that the audit has been started. It will last for three months with the involvement of international audit company Kreston GCG. The negotiations with the European Bank for Reconstruction and Development (EBRD) on the additional financing are being held. It is planned to have consultations and design proposals on joint implementation of cooperation.
“At the stage of cooperation with the Czech company, we plan to expand and acquire at least three mobile asphalt concrete plants. Our Czech partners are ready to share their experience and latest developments and technologies in the construction of roads, bridges and other complex engineering structures within our cooperation. We are also discussing the provision of the technological process with better environmental friendliness,” a representative of UPS Taras Paliy said.
