Business news from Ukraine

ENTSO-E FINALIZES AGREEMENT ON UKRAINE’S JOINING EUROPEAN CONTINENTAL NETWORK

KYIV. May 25 (Interfax-Ukraine) – ENTSO-E (the European Network of Transmission System Operators for Electricity) has agreed the final version of the agreement on the joining of Ukrainian and Moldovan energy systems to the continental network of Europe.
According to the press service of Ukrenergo, the decision was made in Lisbon (Portugal) on May 23. The agreement is to be signed in June 2017.
“The signing of the agreement in June 2017 should be the starting point for the beginning of integration of the united energy system of Ukraine to the European Union,” the report reads.
The press service said synchronization with ENTSO-E will enhance the reliability of the united energy system of Ukraine and, in particular, reduce the dependence on stability of coal supplies to power stations. Ukraine will also be able to receive technological assistance from the neighboring energy systems.
Simultaneous work with ENTSO-E will allow increasing exports of electricity to Europe, which will automatically improve the investment attractiveness of the country’s energy sector. In particular, exports could increase from the current 5 billion kWh to 18-20 billion kWh with additional revenues of up to $1.5 billion. At the same time, Ukrainian hydropower plants will be able to take part in balancing peak loads of adjacent power systems of European countries.

MYKOLAIV CO-GENERATION PLANT PUT UP FOR SALE FOR UAH 97 MLN

KYIV. May 25 (Interfax-Ukraine) – The State Property Fund (SPF) has called a tender in the form of an auction to sell 99.912% of PrJSC Mykolaiv co-generation plant at a starting price of UAH 97 million.
The tender will be held on July 12, it will start at 11:00 local time, the SPF said on Wednesday. The deadline for bids is 18:00 local time on June 26, 2017.
The tender guarantee for a bidder is either a cash contribution or a bank guarantee to the tune of UAH 4.85 million.
As reported, the Cabinet of Ministers approved the terms of the sale of Mykolaiv co-generation plant with a starting price of UAH 97 million on May 11, 2017.
The plant’s installed capacity is 40 MW and that of heat is 410 Gcal per hour. It serves about 39,400 households in the city of Mykolaiv. It consumes gas fuel. The number of employees is 491 people.

CHINA VETS UKRAINIAN FROZEN BEEF EXPORTS

KYIV. May 25 (Interfax-Ukraine) – China has vetted Ukrainian frozen beef exports, Ukraine’s State Service for Food Safety and Consumer Protection reported on May 22.
The Ukrainian agency and the General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China (AQSIQ) signed a protocol of inspection, quarantine, veterinary and sanitary requirements for the export of frozen beef from Ukraine to China.
The Ukrainian regulator says that Ukrainian frozen beef was granted access to the Chinese market after a mission of the Chinese competent authority that assessed Ukrainian food safety control of beef production. The mission visited Ukraine late in April.
In addition, the State Food Safety and Consumer Protection Service and AQSIQ representatives are now engaged in approval of phytosanitary and inspection requirements for the export of some Ukrainian agrarian products to China. In particular, these are sunflower meal, beet pulp, dairy foods, poultry meat, eggs, honey, and others.

UKRAINE 18 POSITIONS UP IN 2017 OPEN DATA BAROMETER RANKING

KYIV. May 24 (Interfax-Ukraine) – Ukraine ranked 44th in the Open Data Barometer ranking, having climbed 18 positions up compared to last year’s results, Deputy Head of the State Agency for e-Governance Oleksiy Vyskub has said.
“Ukraine has climbed 18 positions in the world open data ranking: from 62 to 44, having taken the most positive ‘leap’ in the rating together with Georgia,” he wrote on his Facebook page.
The ranking features 115 countries.
Ukraine shared its 44th position and the result of 36 points with Estonia. Georgia, Bulgaria, Jamaica, and Turkey ranked 40th. South Africa and Poland took the 46th position.
The leaders of the ranking were the United Kingdom, Canada, France, and the United States, which ranked first, second, third and fourth respectively.
Swaziland and Yemen are the bottom of the ranking.
As reported, Ukraine in early May took the 24th position in the open data development rankings, according to the results of the Global Open Data Index research, having climbed by 30 positions from the previous year.

UKRAINE’S COFFERS SAVE ALMOST $1 BLN USING PROZORRO – GROYSMAN

KYIV. May 24 (Interfax-Ukraine) – The Ukrainian nation’s coffers have saved UAH 24 billion, a little more than $900 million, since the launch of the ProZorro e-procurement system, Ukrainian Prime Minister Volodymyr Groysman has said.
“Today we can say the [ProZorro] system is not only competitive and transparent, it saves money for the national budget. According to our estimates, savings of budget funds – the money owned by the state, the Ukrainian people – have amounted to UAH 24 billion since its launch,” he said at the 13th Procurement, Integrity, Management and Openness (PRIMO) Forum in Kyiv on Tuesday.
Procurements worth UAH 700 billion, or $26.6 billion, have been handled via the system recently, he said.
Groysman also said that the Cabinet of Ministers and the State Property Fund of Ukraine had agreed about the possibility of using the ProZorro system for competitive sales of state-owned assets in future.
Public procurements in Ukraine switched over to the ProZorro e-system from August 1, 2016.

MELLANOX TECHNOLOGIES TELECOMS EQUIPMENT MAKER OPENS R&D CENTER IN KYIV

KYIV. May 24 (Interfax-Ukraine) – Mellanox Technologies, one of the leaders of the world market of technological solutions for data processing centers, will soon open its R&D center in Coworking Platforma Leonardo in Kyiv, the press service of the coworking platform has said.
“This is a great event for Coworking Platforma Leonardo, but it is also a unique opportunity for Ukraine as a whole. Mellanox is the world leader in technological innovation and I’m sure it will inspire the community of our coworking! I’m sure the appearance of such a company as Mellanox in the Ukrainian market will make Ukraine more visible on the international map of IT industry,” Coworking Platforma co-founder and CEO Refael Yucha said.
The press service of the coworking platform said it is planned the R&D center will employ about 100 people in near future. The amount of investments has not been disclosed.
Mellanox Technologies is a manufacturer of technology solutions for data processing centers: switches, InfiniBand and Ethernet network adapters, cables and software. The company’s offices are located in Sunnyvale, California (the United States) and Yokneam (Israel).