Business news from Ukraine

UKRAINE SEES 4.7% RISE IN COKE PRODUCTION

Ukrainian by-product coke plants increased production of lump coke with 6% moisture by 4.7% in January-March 2018 year-over-year, to 2.705 million tonnes.
The Ukrkoks association of -product coke enterprises (Dnipro) told Interfax-Ukraine that some 930,000 tonnes of coke was made in March.
Ukrkoks Director General Anatoliy Starovoit said that the plants stably produce coke. Avdiyivka by-product coke plant and ArcelorMittal Kryvyi Rih are loaded almost in full.
ArcelorMittal Kryvyi Rih launched the reconstructed coke-oven battery five. It is planned that the battery will reach its full capacity in May, Starovoit said.
He said that in January-March 2018 some 233,000 tonnes of coke was imported.
“ArcelorMittal Kryvyi Rih did not import coke in March… Azovstal and Dniprovsky steel works imported coke last month,” he said.

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.

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REPRESENTATIVE OF SWISS SORBES TO HEAD SUPERVISORY BOARD OF UKRAINIAN MANUFACTURER OF POLYWOOD AND FLAKEBOARD

Ukrplyta LLC (Kyiv) has become the owner of an 88.018% stake in the large Ukrainian manufacturer of polywood and flakeboard – private joint-stock company Fanery and Plyty (Fanplyt, Kyiv). The company acquired over 86.49% of shares (119,189 shares) from private joint-stock company Fanplyt Personnel at the price of UAH 51 per share of a face value of UAH 50. According to the report, PrJSC Fanplyt on its website said, referring to the notification received from Ukrplyta LLC, that the sale and purchase agreement was signed on March 29, 2018.
According to the public register, the owner of 100% in Ukrplyta LLC with a charter capital of UAH 7,400 is Cyprus-based Vetesha Investment Limited. The ultimate beneficiary is not mentioned.
According to a draft decision of the company’s shareholders at a meeting scheduled for April 26 posted on the Fanplyt’s website, the company plans to re-elect its supervisory board and elect Bohdan Tsuprik as chairman of the supervisory board as a representative of Ukrplyta LLC.
Tsuprik is head of Sorbes Ukraine LLC, founded by Switzerland’s Sorbes LLC. He also heads the sector committee of the European Business Association. Sorbes Group in Ukraine owns two large wood processing enterprises: Swispan Limited LLC (Kostopil, Rivne region) and Interplyt Nadvirna (Ivano-Frankivsk region). The new shareholders of Fanplyt plan to re-elect the company’s board at the meeting: Palladiy Horbatiuk would be replaced by Volodymyr Hantsiuk. Horbatiuk would remain a member of the board.

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INFRASTRUCTURE MINISTRY HAS THREE OPTIONS FOR FINANCING CONSTRUCTION OF A BIG ORBITAL ROAD AROUND KYIV

The press service of the ministry reported that this was discussed at a meeting on April 16 chaired by Deputy Infrastructure Minister of Ukraine Yuriy Lavreniuk. Deputy Regional Development, Construction, Housing and Utilities Economy Minister Lev Partskhaladze, Deputy Chairman of the Kyiv City Administration Dmytro Davtyan, acting Deputy Chairman of Ukravtodor Oleksandr Kharchenko, representatives of the State Service for Geodesy, Cartography and Cadastre in Kyiv region, Kyivavtodor, Kyiv City Administration and Kyiv Regional Administration took part in the meeting.
Lavreniuk determined three financing options: at the expense of the national budget, attracting international investors or concession.
“It is necessary to solve all the problematic issues as soon as possible and start construction of the first stage of the big orbital road, which will relieve and save the roads of Kyiv, reduce the number of road accidents in the city, contribute to strengthening Ukraine as a transit state and development of the infrastructure of Kyiv region,” he said.
According to the ministry, at the end of the meeting all participants were instructed to submit proposals to the Ministry of Infrastructure in two weeks to find solutions to the problematic issues.

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