KYIV. July 23 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) has rescheduled the sale of a 94.5% stake in public joint-stock company Odesa Port-Side Plant from November to September 2015.
The press service of the fund reported that the decision is stipulated in the ministry’s order dated July 22, 2015.
The stake will be put up for sale at auction with an open price.
SPF Head Ihor Bilous, who has predicted there will be considerable interest in the auction, said that the stake could be sold for at least $500 million.
The conditions and the price of the stake are to be approved by a cabinet decision.
The press service said that the fund moved the terms of sale of stakes in the following energy companies: public joint-stock company DTEK Dniprooblenergo, DTEK Dniproenergo, DTEK Zakhidenergo and Kyivenergo (25% each) from November to August 2015.
Odesa Port-Side Plant is in state ownership. The plant trans-ships ammonia to vessels and produces chemical products.
KYIV. July 22 (Interfax-Ukraine) – KSG Agro and Ukrsotsbank (Kyiv, the UniCredit Bank trademark) as a part of a memorandum on the restructuring of credits, have finished the first stage of the credit restructuring program.
“The debt of agricultural enterprise Chumaky LLC (earlier Dnirpoagrostandard LLC) to Ukrsotsbank was paid by Dnirpoagro Group via the sale and purchase of corporate rights in Chumaky LLC. In addition, during the first stage of restructuring, Dnirpoagro paid a credit debt to Vidrodzhennia LLC,” KSG Agro said on Tuesday.
The company said that KSG Agro in June 2015 transferred operation management and control over Chumaky LLC to Dnirpoagro Group during the preparation of the corporate rights sale and purchase deal.
As reported, referring to KSG Agro Board Chairman Serhiy Kasyanov, KSG Agro agroholding has signed a memorandum on the restructuring of credits of around $7 million with Ukrsotsbank.
He also said that the debt burden of the company has been estimated at around $30 million. The debt of the company is mainly in hryvnias.
KYIV. July 22 (Interfax-Ukraine) – Ukraine’s Nuclear Fuel state concern and China Nuclear Energy Industry Corporation (CNEIC) have signed a memorandum of cooperation in the nuclear fuel cycle area.
“The memo envisages the analysis of directions of potential cooperation, in particular, in the area of exploration and development of uranium fields, production and processing of uranium ore, modernization of existing mines and a hydrometallurgical plant, introduction of newest technologies in zirconium production, and attraction of investment for developing the nuclear fuel cycle in Ukraine,” the concern said in a report.
According to the report, in the near future a working meeting of specialists will be organized, and CNEIC will study the operation of nuclear industrial enterprises in Ukraine.
Nuclear Fuel was formed in order to organize various elements of the nuclear fuel production cycle in Ukraine, such as the production of nuclear fuel components for nuclear plants and fuel assemblies.
Nuclear Fuel includes four state enterprises: Skhidny Mining and Enrichment Combine, Smoly State Enterprise, Dnipropetrovsk Precision Pipe Plant State Company, and Ukrainian Industrial Technology Scientific Research and Project Exploration Institute.
KYIV. July 22 (Interfax-Ukraine) – The interagency working group on the selection of investment programs and regional development projects, financed at the expense of the State Fund for Regional Development, has approved 82 new investment projects in 12 regions of Ukraine.
The working group made the corresponding decision at a meeting on July 21.
“Given the projects [that were] submitted, sometimes I see that regional state administrations do not fully understand the strategy of the development of their region. They are trying to solve the problems that arise, but that are not associated with the development of the region,” Deputy Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Services Hennadiy Zubko said.
As a result, he urged regional state administrations to expedite the preparation of perspective plans for the development of regions to stimulate the development of investment projects. Zubko refused to rule out changes to the Budget Code, according to which the regions that will be first to provide investment projects will receive additional bonuses.
According to the ministry, 726 investment projects are planed to be implemented by 2018, of which 645 should be implemented in 2015.
KYIV. July 22 (Interfax-Ukraine) – Ukraine could take part in Turkish defense programs on the creation of some types of armament, a source in the defense sector has told Interfax-Ukraine.
The source said that among the most discussed initiatives on military cooperation are aircraft engine, armored vehicle and tank production.
“This concern the program of the national Turkish helicopter [which is] being designed on the platform of the European Augusta: Turkey is interested in its own engine. The country also showed interest in cooperation in the program [to produce] a Turkish fighter aircraft, including in the context of joint design and production of the aircraft engine,” the source said.
“The sides are discussing the options of organizing production both at facilities in Ukraine and Turkey, depending on expenses planned by Turkey and the terms of the realization of defense programs. At the present stage, it is mainly the technical discussion, and the economic discussion is at the initial stage,” the source said.
The source said that the sides are working on plans of technological cooperation in armored vehicle and tank production.
“The interest of Turkish partners includes Ukraine’s experience, including in the areas of explosive reactive armor and engine building,” the source said.
“The possibility of Ukraine’s participation in the program on the creation of Turkish third generation main battle tank Altay is being discussed,” the source said.
Urgent issues of Ukrainian-Turkish cooperation, including military cooperation, were discussed during a visit of Turkish President Recep Tayyip Erdogan to Kyiv in March.
According to the Ukrainian government, armored vehicles, tanks, aircraft engines, radar, navigation devices, communications and missile armament are considered as promising areas of Ukrainian-Turkish military cooperation.
KYIV. July 22 (Interfax-Ukraine) – The Board of Directors of the International Monetary Fund (IMF) may hold a meeting on July 31 and could decide to provide a new tranche of $1.7 billion to Ukraine, Ukrainian Prime Minister Arseniy Yatseniuk has said.
“It is expected that the meeting of the IMF Board could be held on July 31. This would allow Ukraine to receive the new tranche of $1.7 billion,” he said at a cabinet meeting on Wednesday.
Yatseniuk added that the laws passed by the Ukrainian parliament have opened up additional financial opportunities for Ukraine worth $3.2 billion.
As reported, it was initially planned that the IMF Board would approve the second tranche of $1.7 billion under the Extended Fund Facility (EFF) by late June, however the decision was postponed until the end of July.
