Business news from Ukraine

TURKISH COMPANY WINS ROAD BUILDING TENDER

Onur Construction International has won a tender held by the Automobile Road Service in Dnipropetrovsk region to build a section of H-31 Dnipro-Reshetylivka road from the settlement of Loboikivka to the border of Dnipropetrovsk region with a price offer of UAH 427.9 million. According to the ProZorro e-procurement system, the expected cost of the project was UAH 436.5 million.
Along with Onur, Rostdorbud LLC was a bidder in the tender with the price offer of UAH 428 million, and two more companies were not allowed to participate in the tender.
The tender was announced in October 2017, although changes were made to the tender documents several times. The project is to be completed by late 2019.
According to the public register, Onur Construction International LLC is belonged to Onur and Ihsan Cetinceviz.

, , ,

COMPANY FROM OMAN WINS TENDER TO USE ODESA PORT-SIDE PLANT ON TOLLING TERMS

ETFX UK Group (Oman) has won a tender to use the facilities of PJSC Odesa Port-Side Plant on the tolling terms, First Deputy Director of the plant Mykola Schurikov has said. “After counting the points of the participants, ETFX UK Group receives the maximum number of points,” he wrote on Facebook. ETFX UK Group offered Odesa Port-Side Plant to pay for its work at $34 per tonne of produced ammonia and $46.5 per tonne of produced urea.
According to Schurikov, besides the winner, the bids were submitted by International V.T.I. Group Holding B.V. (the United States) and Boros LLC, but their packages of documents were incomplete.
International V.T.I. Group, as well as Trameta K.S. (Slovakia) requested an extension of the deadline for filing documents, but the tender commission did not find the necessary grounds for this.
As reported, Odesa Port-Side Plant refers to work on the tolling terms as the only possible option for resuming operations in the conditions of failure of privatization attempts and accumulated debt for gas to Naftogaz Ukrainy, which exceeds UAH 1.5 billion.
The state-owned Odesa Port-Side Plant produces chemical products, and also transships ammonia to sea transport.

, , , ,

UKRAINIAN BORSCHAHIVKA CHEMICAL PLANT WINS UNDP TENDER TO SUPPLY ANTI-TUBERCULOSIS MEDICINE

Research and Industrial Center Borschahivka chemical and pharmaceutical plant (Kyiv) has won a tender of the United Nations Development Program (UNDP) to supply anti-tuberculosis medicine Rifampicinum using budget funds. According to the contract signed by the plant and the UNDP, the total amount of medicines worth UAH 6 million is to be handed over to the international organization no later than January 2019.
“The victory of the enterprise in the tender confirms that any pharmaceutical manufacturer that is able to provide high-quality products at an affordable price has a chance to win. We have already delivered the first batch of drugs for tuberculosis treatment in the tender,” the press service reported, citing Director General Yulia Zdarevska.
As reported, Borschahivka chemical and pharmaceutical plant in 2017 won the tender of UNDP for the supply of two anti-tuberculosis drugs Rifampicinum and Aethambutolum for UAH 3.6 million.

, , ,

SPF WAITING FOR NEW TENDER TO SELECT SUPPLIER OF GAS ON TOLLING TERMS TO ODESA PORT-SIDE PLANT

Odesa Port-Side Plant in October would announce a new tender to select a supplier of natural gas for processing on tolling terms, acting Head of the State Property Fund (SPF) of Ukraine Vitaliy Trubarov has said.
“As are as I understand, the tender will be announced again next month and maybe there are economic entities, possibly foreign ones, that could supply their own gas, and the enterprise could operate,” he told journalists in Odesa on the sidelines of the Ukrainian Financial Forum organized by the ICU investment group.
The head of the SPF said that the final decision on the tender is taken by the company management, since representatives of the SPF are members of the supervisory board and do not have the right to interfere in the economic activities of the enterprise.
Trubarov said that in the current market conditions, the attraction of the supplier of gas on tolling terms is the only opportunity of operating for Odesa Port-Side Plant, since “gas that occupies more than 90% of the production cost is quite expensive, and the prices for end products are subsiding.”
According to him, the conditions of the tender to select the company are absolutely open, and the difficulty to select it is the absence of a large number of interested companies.
He said that the SPF is extremely interested that the plant is operating at the time of the privatization work.
“Our task in this matter is to build the work in a way that at the time of sale this asset was operating, alone or with the help of a supplier of natural gas for processing on tolling terms, but operating. Selling an idle enterprise, in my opinion, is a double problem,” the SPF head said, recalling the even more complex problem of toxic debts of the Odesa Port-Side Plant to the structure of Dmytro Firtash.

, , , , ,

STATE PROPERTY FUND OF UKRAINE ANNOUNCES REPEATED TENDER TO SELECT ADVISOR FOR PRIVATIZATION OF BIG COMPANIES

The State Property Fund of Ukraine (SPF) has announced repeated tenders to select advisors for preparing the following companies for privatization: 99.9988% stake in OJSC Oriana, 99.9952% in PJSC Sumykhimprom and 100% in National Joint Stock Company Ukragroleasing. “To privatize companies for which there no tender was held, and only one bid was submitted, we announced a new tender to select advisors. Next month there will be a repeated tender,” Head of the SPF Vitaliy Trubarov told journalists in Odesa on the sidelines of the Ukrainian Financial Forum organized by the ICU investment group.
According to their terms, bids for participation in the tenders are accepted until the end of the day on October 17. The first stages of the tenders are scheduled for October 23, and the second – for October 26.
“Unfortunately, during the summer period many investment advisers could not be prepared for unbiased reasons,” Trubarov said, expressing hope that the repeated tenders will be success.
He also recalled that for the selection of an adviser for the privatization of Azovmash, the State Property Fund did not receive a single bid, and now, according to the requirements of the new law on privatization, the fund will prepare it for sale without involving an adviser.

, , ,

ADVISOR TO SELL CENTRENERGO OPTIMISTIC IN TENDER OUTCOME

Most of potential buyers of a 78.3% stake in Centrenergo have showed their interest in the coming tender sell the company, Partner of EY Business Advisory Poland, which acts as an advisor for the privatization of the company, Piotr Piela has said.
“I am very optimistic. We meet the schedule and have to finish by the end of the year,” he said in Odesa on Friday at the Ukrainian Financial Forum organized by the ICU investment group.
He named the expected growth in consumption and export opportunities among the positive sides.
At the same time, Piela said that there is no complete clarity on how the electricity market will work after July 1, 2019. He welcomed the adoption of primary legislation, indicating that secondary legislation is still in the state of approval and there are questions about how it will be implemented.

, ,