Business news from Ukraine

UKRAINE ANNOUNCES TENDER TO SELECT INDEPENDENT MEMBERS OF UKRENERGO AND UKRZALIZNYTSIA SUPERVISORY BOARDS

The Ukrainian government has posted the conditions for tenders to select independent members of supervisory board of Ukrzaliznytsia and Ukrenergo on its website. The documents for participating in the tender can be submitted before May 14. The tender will start on May 21, and its results will be published on the government’s website before July 3, 2018.
Candidates for an independent member of the supervisory board of Ukrzaliznytsia should have at least 10 years’ period of service in senior positions in companies or in the civil service, in particular in such areas as railway transportation, finance, engineering, accounting and audit, management, business administration or jurisprudence, but not limited to them; have an impeccable business reputation; fluent in Ukrainian or English.
In addition, the applicant must not be (including during the previous five years) a founder, shareholder, head, member of the supervisory board, an employee or a representative of a person to which Ukraine applies personal, special economic or other restrictive measures (sanctions), and also do not have a significant business relationship with this person. Candidates must have one or several professional competencies in the following areas: strategic management, rail transport, operational efficiency, finance and audit, corporate governance, compliance and risk management, international relations.
The similar requirements are put forward to the candidates for the position of independent member of the Ukrenergo: no less than ten years of experience in senior positions in companies or in the civil service in the electricity sector, regulation of energy markets, finance, accounting, engineering, management, business administration or law.
Potential members of the supervisory board of Ukrenergo must meet the criteria of independence in accordance with the requirements of the legislation of Ukraine and the EU, pay to the position at least 30 working days a year, be fluent in Ukrainian or English, have a basic understanding of the laws regulating the scope of activities of Ukrenergo and the EU energy market, trends and prospects of the industry.
Key competencies of the candidates for the position of a member of Ukrenergo’s supervisory board are the following: strategic management; management of the power transmission system; competitive electricity market; operational efficiency; finance and audit; corporate governance; compliance and risk management.
The advantage will be the experience of working in supervisory boards, international companies and international markets, the experience of attracting investors and experience in managing transformational processes and complex projects of organizational change.

, , ,

LARGEST UKRAINIAN MOBILE COMMUNICATIONS OPERATOR KYIVSTAR DENIES COMPLAINTS AGAINST 4G TENDER

The 4G communications tender for the 1800 MHz band on March 6 was held honestly, professionally and openly, fully in line with the Ukrainian legislation, President of the largest Ukrainian mobile communications operator Kyivstar Petro Chernyshov has said. “We are thankful for support of authorities in holding the successful tender, in particular, the president of Ukraine. I regret about my previous comments. I had no intention to criticize the tender process,” he said in a statement published on Wednesday.
Earlier on Wednesday, an interview of on March 6 was published. He criticized the fact that Ukrainian President Petro Poroshenko spoke at the tender between the session for the second and third lots.
In the new statement, the Kyivstar president pointed out concerted efforts of all power institutions, the regulator and the government during the entire period of preparations and holding the 4G tenders for 1800 MHz and 2600 MHz to make them successful.
Chernyshov recalled that the company invested over UAH 14 billion in the development of new technologies in Ukraine and seeks to expand its presence in the sphere, in particular, to install over 600 additional towers in 2018 to expand the 4G coverage territory on the major part of Ukraine, including in rural areas.
Kyivstar highly appreciates the potential of 4G development in Ukraine and believes that access to new technologies became possible thanks to the holding of the successful and transparent 4G tender for radio frequencies.

, ,

TURKISH COMPANY WINS TENDERS WORTH UAH 2.2 BLN TO RECONSTRUCT UKRAINIAN HIGHWAYS

Turkish-registered Onur company has won a number of tenders worth UAH 2.2 billion to reconstruct sections of the N-31 highway between Dnipro, Tsarychanka, Kobeliaky, and Reshetylivka in Poltava region. In particular, the company won the tenders worth UAH 380 million, UAH 321 million, UAH 299 million, UAH 280 million, UAH 385 million, UAH 350 million, and UAH 290 million to rebuild the sections of the said highway and build a road bypassing the village of Krasne, according to the ProZorro system.
The company also won a tender worth UAH 297.4 million to conduct maintenance repairs to a section of the Kharkiv-Okhtyrka highway in Sumy region.

, ,