KYIV. Oct 25 (Interfax-Ukraine – Kriukiv Car Building Works (KCBW, Poltava region) has won a tender for the supply of 200 high-sided wagons to Darnytsia wagon repair plant (Kyiv), a branch of PJSC Ukrzaliznytsia, offering cars for UAH 195.475 million with the expected amount of purchase being UAH 195.6 million.
According to the ProZorro portal, the initial offer of KCBW was UAH 195.6 million.
PJSC Dniprovahonmash (Dnipropetrovsk region), which originally offered wagons for UAH 195.6 million and reduced the price during the auction to UAH 195.483 million, also participated in the tender
Dniprovahonmash, in turn, won a tender from KCBW to supply 150 high-sided wagons. Its initial offer was like that of KCBW and stood at UAH 146.7 million, while the final price was UAH 146.612 million.
As reported, Darnytsia wagon repair plant on September 16 announced tenders for the purchase of a total of 1,000 high-sided wagons with a carrying capacity of not less than 70 tonnes for a total of UAH 978 million.
KYIV. Oct 25 (Interfax-Ukraine) – Owner of Ukrlandfarming agricultural holding Oleh Bakhmatiuk is mulling the possibility of attracting investors for a majority stake to improve the company’s financial condition.
“I understand that to attract investors is the only possible way. It was difficult for me to make the decision and sell the majority stake. I wanted to conduct an IPO, but seeing the problem with the National Bank, I understand that Bakhmatiuk is now a problem for Ukrlandfarming and the company cannot develop,” he said in an interview with Interfax-Ukraine.
According to the businessman, he is currently in talks with Chinese companies and investors from the Middle East.
“We are ready to sell the majority stake if the issue with the creditors is resolved. We need to reduce debt burden and maintain the company’s development. These are the key points I focus on in negotiations with the investors,” he added.
Bakhmatiuk explained now the main issue that remains unresolved is the dispute with the National Bank regarding the financial debt of his banks and companies.
“Valeriya Gontareva [the head of the National Bank] is doing everything to destroy it [the company]. But the company has future, it is a great platform, and it’s a pity if it is destroyed,” the businessman said.
KYIV. Oct 25 (Interfax-Ukraine) – Industrial Milk Company (IMC) has completed the harvesting of oilseeds, threshing 100,500 tonnes, which is 18% up from 2015.
According to a company press release, the yield of soybeans and sunflower exceeded the target figure for 2016.
The yield of soybeans was 3.4 tonnes per ha, which is a record high in the history of soybeans cultivation by IMC. Soybeans were harvested on 6,400 ha, the total yield (in bunker weight) amounted to 21,600 tonnes.
Sunflower yield reached 3.1 tonnes per ha (11% more than in 2015). Sunflower was harvested from 25,000 ha, the total yield (in bunker weight) amounted to 78,900 tonnes.
IMC focuses on cultivation of grains, oilseeds and potatoes. It is one of the largest milk producers in Ukraine. It owns a storage capacity of 554,000 tonnes of grains and oilseeds. Its land bank is 136,600 ha in Poltava, Chernihiv and Sumy regions.
KYIV. Oct 24 (Interfax-Ukraine) – Acting Director of national energy company Ukrenergo Vsevolod Kovalchuk has said that the state-run enterprise requires corporate management reforms.
“I encourage in every way and urge everyone to accelerate the implementation of the so-called law on corporate management of state-run enterprises. Corporatization is a more complicated process. We must be corporatized, but this will happen later when the law on the electricity market takes effect and when bylaws are passed,” he said in an interview with Interfax-Ukraine.
He said that in the future the supervisory board should be created with independent directors. They will determine the long-term policy of the company.
“One can permit that one director of the state-run company and one minister who manages him settle all issues themselves. Especially taking into account the fact how often these heads are replaced. Culture, development of the enterprise must be seen. A body that is elected for a long period of time, supervisory board, independent directors must exist. I would like to see an independent supervisory board with representatives of our largest creditors as its members. 70% of our investment is made using funds of international financial institutions,” Kovalchuk said.
“Other oversight agencies, independent qualified energy workers and managers should be present. They would form the management policy on the basis of transparent and clear principles,” he said.
Kovalchuk reminded that Ukrenergo attracted Baker&McKenzie to design new regulations, the regulations on the supervisory board and other documents to accelerate these processes.
“Ukraine took a liability to the EBRD [European Bank for Reconstruction and Development] eight years ago. We are waiting for next steps in this directions from the Energy [and Coal Industry] Ministry, Economic [Development and Trade] Ministry and the Cabinet of Ministers of Ukraine,” he said.
KYIV. Oct 24 (Interfax-Ukraine) – Ukraine should launch a training program for civil servants to improve interaction between the state and small and medium-sized businesses, Director of the European Bank for Reconstruction and Development (EBRD) in Ukraine Sevki Acuner said at a business forum in Kyiv on Friday.
It would be a good idea if the government and executive authorities created a training program for civil servants, so that they should better understand the importance of entrepreneurship for economic prosperity of the country, he said.
