Business news from Ukraine

Business news from Ukraine

WARANA CAPITAL FROM AUSTRALIA BECOMES SHAREHOLDER OF UKRAINIAN VOLIA PROVIDER

Australia’s Warana Capital Pty Ltd in 2018 became a minority shareholder of Volia Cable LLC (Kyiv).
According to data on the ownership structure posted on the provider’s website at the end of March of this year, in 2018 Warana Capital Pty Ltd acquired 5.6% of the shares in Volia. Among the new investors of the company is also OL Group Ltd (acquired 8.4%), registered in the Cayman Islands.
At the same time, Eton Park Master Fund Ltd (the Cayman Islands) sold its 5.9%, and Elq Investors II Ltd (London) sold 8.4%.
The press service of the company told Interfax-Ukraine on May 13 that the change of minority shareholders took place in the autumn of 2018.
The key investor of Volia is still the U.S.-based investment company Providence Equity Partners with 34.92%.
Large stakes are also held by SigmaBleyzer (the United States, 15.3%), and the European Bank for Reconstruction and Development (11.7%).
Warana Capital Pty Ltd (Sydney) is a subsidiary investment company of the American company Warana Capital LLC (New York), based in Australia.

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UKRAINIAN SEAPORTS INCREASE CARGO HANDLING IN 2019

The seaports of Ukraine in January-April 2019 handled 48.8 million tonnes of cargo, which is 5 million tonnes, or 12% more compared to the same period of 2018.
According to the Ukrainian Sea Ports Authority, most of all, the positive dynamics of increase in transshipment was influenced by exports, which during the reporting period grew by 20% compared to the same period last year, whereas imports and transit decreased by 5% and 18.5% respectively.
Grain handling grew by almost one-third or 4.4 million tonnes compared to January-April 2018, to 18 million tonnes. Transshipment of ore rose by more than a quarter, to more than 10.5 million tonnes.
The growth trend in container handling is also kept: in the first four months of 2019, compared to the same period of 2018, Ukrainian seaports transshipped 47,800 TEU more (18.6% up).

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GROUND HOUSEHOLD SOLAR PLANTS WITH CAPACITY OF UP TO 30 KV GUARANTEED FEED-IN TARIFF BY LATE 2019

The relevant Rada committee, when preparing the adopted law on green auctions for signature by the speaker, proposes making a clear definition of conditions for providing feed-in tariffs for all household solar power plants with a capacity of up to 30 kV, indicating that their owners are entitled to such a tariff until the end of 2019.
Oleksandr Dombrovsky, the chairman of the Verkhovna Rada committee on fuel and energy complex, nuclear policy and nuclear safety, said on his Facebook page that he had sent a letter to Rada Speaker Andriy Parubiy with a corresponding proposal.
According to him, in the process of technical and legal preparation of the law on green auctions, adopted by the Verkhovna Rada, the main legal department of the Verkhovna Rada revealed inconsistencies that may lead to incorrect practice of its application. Thus, the law established the procedure for calculating feed-in tariffs for households operating solar plants of up to 50 kV, provided they are placed on roofs, facades of buildings and other housing structures. However, he did not foresee the procedure for calculating the tariff for all household solar plants with a capacity of up to 30 kV until the end of 2019.
To eliminate this gap, the procedure of Article 131 of the regulations may be applied, which allows for clarification of the wording of the voted law, the committee believes.

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