Business news from Ukraine

UKRAINE’S REIKARTZ HOTEL GROUP LAUNCHES SERVICING IN CHINESE

Reikartz Hotel Management LLC (Kyiv), the managing company of the Reikartz Hotel Group, has launched the Chinese friendly program intended for tourists and business travelers from China, the press service of the chain has reported.
“We analyzed the market and found that 25,200 tourists arrived in Ukraine from China in 2017, which means that during the year tourist flow increased by 40%,” Director of Corporate Culture at Reikartz Hotel Group Oleksiy Larionov said.
He said that the Chinese friendly program has already existed in different countries of the world, but it is unique in Ukraine at the moment.
Six Reikartz hotels have already become participants of the program, including Raziotel Kyiv Yamska, VitaPark Borysfen, Reikartz Zaporizhia, Raziotel Marenero Odesa, Reikartz Dworzec Lviv and Reikartz River Mykolaiv: voice translation, navigation in hotels and information in the rooms translated into Chinese, and for breakfast you can choose Chinese dishes and use traditional chopsticks.
The company said that the program will be distributed to all hotels of the chain by the end of 2019.

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TWO NEW CHINESE DRILLING RIGS FOR UKRGAZVYDOBUVANNIA ARRIVE IN UKRAINE

Two new drilling rigs with a carrying capacity of 450 tonnes from China’s Sichuan Honghua Petroleum Equipment arrived in Odesa seaport late on Monday, the press service of JSC Ukrgazvydobuvannia has reported.
Ukrgazvydobuvannia Board Chairman Oleh Prokhorenko said that as of 2016, the average age of drilling rigs of the company was 23, and the average age of drilling rigs in Russia was 10 years and in Belarus – nine years.
“Finally, Ukraine has begun to invest in the development of its own gas production, its own drilling fleet and the exploration of its own resources. The arrival of these new drilling rigs is one of many concrete steps that will increase gas production in Ukraine,” he said.
As reported, late 2017, Ukrgazvydobuvannia signed a contract with Bentec GmbH Drilling & Oilfield Systems (Germany) to supply five drilling rigs with a capacity of 450 tonnes (2,000 HP) for $110 million. The first rig was delivered to the company in October 2018.
It is also planned to buy ten Chinese drilling rigs with a capacity of 450 tonnes.

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CHINESE EXCHANGE INTERESTED TO BUY OVER 25% IN UKRAINIAN PFTS EXCHANGE

Chinese Bohai Commodity Exchange (BOCE), which last year became the owner of the Ukrainian Bank for Reconstruction and Development (EBRD), is mulling the possibility of buying over 25% of shares in public joint-stock company PFTS stock exchange. The Antimonopoly Committee of Ukraine reported that BOCE (Hong Kong) Co., Limited asked the committee to present the preliminary conclusions on the acquisition of the stake in the Ukrainian exchange.
As reported, BOCE (Hong Kong) Co., Limited at the end of November 2016 won at the auction of the State Property Fund of Ukraine for the sale of 99.9% of UBRD shares being in state property. The final selling price was UAH 82.83 million.
The contract for the sale and purchase of shares was signed on June 8, 2017 and in early July China’s BOCE completed the payment of shares purchased at the privatization auction.

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SEA PORT AUTHORITY SIGNS CONTRACTS WITH CHINESE CHEC TO CARRY OUT DREDGING WORKS

The Ukrainian Sea Port Authority and China Harbour Engineering Company Ltd. (CHEC) on April 6, 2018 signed two contracts for carrying out dredging works at the Chornomorsk seaport (Odesa region): one document envisages dredging works in the approach canal and the second one – in the water area of the first boot basin of Sukhy estuary.
An Interfax-Ukraine correspondent has reported that the signing ceremony was held with participation of Ukrainian Infrastructure Minister Volodymyr Omelyan, Ukrainian Sea Port Authority Head Raivis Veckagans, Head of the administration of the Chornomorsk branch of the Ukrainian Sea Port Authority Viacheslav Voloshyn, Head of the administration of the Yuzhny branch of the Ukrainian Sea Port Authority Maksym Shyrokov, Head of the representative office of CHEC in Ukraine Lin Tao, representatives of the Chinese Embassy in Ukraine and journalists.
“The project of dredging the water area of the Chornomorsk seaport provides for an increase in the depths of water approaches and the operational water area of the port to 16 meters and will allow more efficient functioning of one of the largest seaports in Ukraine,” Omelyan said.
He thanked Veckagans who, in his words, together with the team, created all the necessary conditions for attracting both national and foreign companies with a world-wide reputation to participate in tenders.
“Traditionally, the contract organization was chosen based on the results of the tender in the ProZorro e-procurement system, which ensures absolute transparency and openness of the process and excludes the possibility of any corruption. Thus, according to the results of the tender, we have saved more than UAH 40 million, and the winner is China Harbour Engineering Company Ltd.,” Omelyan said.
As a result of the tender, which took place on March 13, the savings amounted to 10% of the expected value.
The cost of the project is UAH 404 million.
“The project should be implemented before the end of 2018. Reconstruction of the maritime approach canal and the water area of the first boot basin will further allow for the reconstruction of the berths of the Chornomorsk port and the dredging works in the operating area of the berths,” Veckagans said.

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