KYIV. May 22 (Interfax-Ukraine) – Public joint-stock company Chornomorsky Shipbuilding Yard (Mykolaiv), part of Smart Maritime Group (SMG), has attracted an order worth UAH 3.5 million (around $167,000 at the exchange rate of UAH 21/$1) to repair the vessel ALMERIA placed by Belize’s Concord Shipbuilding Corp.
The SMG press service reported that under the contract signed by the sides in April, the shipyard will replace internal and external shell plating. The shipyard will also repair outfitting (lifelines, ladders, bollards, hatch covers) and the mechanical assembly section of the ship.
The press service said that at present the deep modernization of the vessel RION is being finished at the shipyard under the order of the division of the Ukrainian Sea Ports Authority – state enterprise Delta-Pilot (Mykolaiv).
“Despite the unfavorable economic and political situation in the country, the shipyard has managed to attract a number of significant contracts, which allow for a stable load of the enterprise and the timely payment of wages,” reads the report.
The company said that the shipyard plans to double production in 2015 compared with a year ago, to UAH 87.2 million.
Chornomorsky Shipbuilding Yard is the shipyard with the highest technical potential in Ukraine.
Chornomorsky Shipbuilding Yard, together with Kherson Shipyard, is part of Smart Maritime Group (SMG), the largest shipbuilding holding of Ukraine, founded in 2009 to manage the maritime assets of Smart-holding.
KYIV. May 22 (Interfax-Ukraine) – Style D LLC (Dnipropetrovsk), which is developing the ProStor chain of perfumes and cosmetics stores, plans to open around 100 stores in 2015, Style D Director General Denys Herman said at the first summit for owners and managers of shopping and leisure centers in Kyiv on Thursday.
“Last year our company opened 50 stores, in four months of 2015 we opened 30 stores. We plan to open 100 stores in 2015. Today our market share is 15%. We want to increase our share and presence on the market to 25% and more,” he said.
“How do we achieve this goal? We assess the drogerie market capacity at 2,500 outlets in the future. Four large players – Eva, Watsons, Cosmo and ProStor have around 1,000-1,100 stores. The market would double in next several years. We want to boost our share thanks to quick aggressive development,” he said.
Herman said that the company is interested in developing in shopping and leisure centers.
“However, it’s hard to agree the economic parameters [with the shopping centers]. We’re ready to pay $20 per square meter for leasing, but who is happy with these rent rates today? We’re ready to pay 10-12% of turnover, while shopping centers say: 15% and more,” he said.
Style D was created in 2002. The first store was opened in Dnipropetrovsk in July 2005.
ProStor is the largest national retail chain in the drogerie format.
Its private label portfolio includes the Bona, NEO, Violetta, VIVAfruts, super Diya and Tendresse de la Nature brands.
As of March 22, 2015, the chain included 197 stores in Ukraine.
RIGA. May 22 (Interfax-Ukraine) – Latvian Prime Minister Laimdota Straujuma said that Ukraine and Georgia will receive a visa-free regime in 2016, if they meet all the necessary criteria this year.
“For both Ukraine and Georgia it is important, if they should meet all the criteria by the end of the year, which will be stated in a new report of the European Commission, it is likely that next year these countries will be granted visa-free travel,” the Latvian prime minister told journalists before the plenary session of the Eastern Partnership summit in Riga on Friday.
Ukraine and Georgia are counting on a clear signal about the prospects for the introduction of a visa-free regime with the EU countries at the Eastern Partnership summit.
KYIV. May 21 (Interfax-Ukraine) – The European Commission at the Eastern Partnership in Riga has launched a new 10-year grant facility worth EUR 200 million to support small and medium enterprises (SMEs) in Ukraine, Georgia and Moldova as part of the agreements on Deep and Comprehensive Free Trade Areas (DCFTA).
According to a European Commission press release issued on May 21, this contribution is expected to unlock at least EUR 2 billion of new investments by SMEs in the three countries, which are to be financed largely by new loans supported by the facility. The financial means for the investments will largely come from the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB).
“The European Commission promised concrete steps to boost trade and the exchange between the Union and our Eastern partners… They are a sign of the EU’s strong commitment to further deepen our cooperation with our Eastern partners,” President of the European Commission Jean-Claude Juncker said.
According to the documents, this includes projects common for all three countries and one more project for each country. For Ukraine this year, a guarantee facility worth EUR 330 million is to be launched, which includes an EU grant of EUR 40 million.
The EBRD facility to support SMEs worth EUR 8 million will be launched for Georgia (UAH 6 million of the EU grant) and for Moldova the EIB facility worth EUR 300 million to support fruit gardening will be launched (EUR 8 million of the EU grant).
The common projects for the three countries include a EBRD facility worth EUR 69 million on technical assistance to SMEs (EU grant is EUR 10 million to guarantee EBRD direct lending).
This year it is planned to launch two smaller projects: EBRD worth EUR 6 million (EU grant is EUR 4 million) – business advice on exports and new standards compliance; and EBRD, EIB and KfW worth EUR 90 million (EU grant is EUR 15 million) – for currency hedging.
It is also planned to launch two larger facilities: DCFTA Facilitation from the two banks: EIB with EUR 180 million (EU grant is EUR 22 million) macro-finance, market access and guarantees; and EBRD with EUR 422 million (EU – EUR 19 million) – access to finance, trade finance and advise for SMEs.
EIB and EBRD will extend DCFTA Facilitation facilities for Phase II and Phase III with provision of EUR 780 million (EU – EUR 34 million) and EUR 861 million (EU – EUR 38 million) respectively.
KYIV. May 21 (Interfax-Ukraine) – Around UAH 1 billion could be raised for the agricultural sector as a result of the privatization of 150-180 companies in 2015, Agricultural Policy and Food Minister Oleksiy Pavlenko has said.
“This year we see 150-180 companies that will be offered for the privatization, and this is a realistic list. The total sum that we see for these companies is up to UAH 1 billion raised for the sector,” he said during discussion on the prospects of privatization and the development of key state enterprises under the management of the Agricultural Policy and Food Ministry.
Pavlenko said that in 2014 only, the total loss of the said agricultural companies reached UAH 1.5 billion.
He said that during the privatization around 100,000 Ukrainians could receive land parcels and then income from land leasing.
The ministry is also preparing to hold roundtable talks on the sale of Ukrspyrt state enterprise.
“The complex of distilleries could cost up to $300 million. These are not simply distilleries, but this is the right to produce, a license on production and not only spirit. This is bioethanol, technical spirit, and the sector is very interesting,” he said.
KYIV. May 21 (Interfax-Ukraine) – The Energy and Coal Industry Minister of Ukraine, on behalf of Ukraine, has signed the final document of the Ministerial (The Hague II) Conference on the International Energy Charter on May 21, 2015, Head of the European integration department at the Ukrainian Energy and Coal Industry Ministry Mykhailo Bno-Airiyan has said.
“This document is not obliging, but it stresses the desire of all signers to ensure energy security in the world, including in Ukraine. Unfortunately, the previous agreement of 1991, the so-called European Energy Charter, required large modernization due to the change of the general situation in the global energy sector,” he wrote on his Facebook page.
He said that the revised document was signed by around 70 countries.
