Business news from Ukraine

UKRAINIAN GOVERNMENT BACKS PROCEDURE FOR APPROVING ADVISOR TO CONCESSION PROJECTS

The Cabinet of Ministers approved the procedure for selecting advisers to prepare a project for concession.
An Interfax-Ukraine correspondent has reported that the government made the decision at a meeting on Friday.
According to the explanatory note to the draft resolution, the adviser will be selected using both the electronic procurement system and the negotiation procedure.
According to the concession law, the involvement of an adviser should be mandatory if the value of the property for the concession exceeds UAH 250 million, and also if the expected value of the newly created concession entity exceeds UAH 250 million.

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KYIV MAYOR VITALI KLITSCHKO APPOINTS MAKSYM BAKHMATOV AS HIS ADVISOR

Kyiv Mayor Vitali Klitchko has appointed Maksym Bakhmatov as his advisor.
“I’m glad to introduce Maksym Bakhmatov,” Klitschko said at a press conference in Kyiv on Monday adding that the city longs for a crisis manager, who will be able to face new challenges.
According to mayor, in future Bakhmatov will become his deputy, who will be responsible for the introduction of IT in city management, investment activities issues, urban planning and anti-corruption policies.
Born in 1978, Bakhmatov is Ukrainian entrepreneur in IT and innovations sector. Through 2015-2017, he was Director General of the Expocenter of Ukraine National Complex. Previously he was TV host, producer, performer in Club of the Cheerful and Sharp-witted and Comedy Club in Kyiv.

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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.

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