Business news from Ukraine

PRESIDENT OF UKRAINE INVITES TURKISH BUSINESSES TO PARTICIPATE IN TENDERS FOR CONCESSION OF UKRAINIAN AIRPORTS, SEAPORTS, ROADS

President of Ukraine Volodymyr Zelensky has invited Turkish companies to participate in tenders for concession of Ukrainian airports, seaports and roads which will be held soon.
“One of our priorities is large-scale modernization of our infrastructure, including roads, airports, seaports, launch of river transport. We have announced the first tenders for concession of the Olvia and Kherson seaports. We are also preparing new tenders for Ukrainian airports and seaports, as well as concession projects for road. We are inviting Turkish businesses for active participation in them and we hope you will invest in this sector,” he said during the Ukrainian-Turkish Business Forum in Kyiv on Monday.

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UKRAINE STARTS TENDERS TO SELECT CANDIDATES FOR POSTS OF INDEPENDENT MEMBERS OF STATE-OWNED PRIVATBANK, OSCHADBANK, UKREXIMBANK

Ukraine has started a tender to select candidates for the posts of independent members of the supervisory boards of state-owned PrivatBank, Oschadbank and Ukreximbank. According to a posting on the website of the Finance Ministry, the tender was started on April 5 and will be completed before May 10.
As reported, the Finance Ministry early April 2019 selected Pedersen & Partners recruiting company to search for candidates to the post of independent members of the supervisory board of state-owned Oschadbank, Ward Howell Ukraine to search for candidates for state-owned Ukreximbank and Talent Advisors, part of Odgers Berndtson Ukraine, to search for candidates for state-owned PrivatBank.
According to the ministry’s report, candidates who want to take part in the tender must apply to these recruiting companies by April 25.
As reported, the Verkhovna Rada early July 2018 adopted a law on the reform of the supervisory boards of state-run banks, according to which the supervisory board of state-owned banks should consist of nine members. Six of them should be independent, three – representatives of the state, one each from the president, the Cabinet of Ministers and the parliament.

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KYIVOBLENERGO ANNOUNCES TENDERS TO BUILD 5 MW SOLAR POWER PLANT NEAR KYIV

PJSC Kyivoblenergo has announced a tender to build the Boryspil solar power plant with a power capacity of 5 MW at 36A, Zaporizhska Street in Boryspil, Kyiv region.
According to the ProZorro e-procurement system, the expected cost of works is UAH 7.305 million. Bids can be submitted before March 1. The auction is to take place on March 4.
At the end of 2017, the executive committee of the Boryspil City Council provided Promin-Energo LLC with town-planning conditions and construction restrictions on a land plot at 36A, Zaporizhska Street in Borispol for the construction of a 5 MW solar power plant. At the end of 2018, Promin-Energo LLC obtained a license to generate electricity for the first stage of the solar power plant at the specified address with a capacity of 996.36 kW from the National Commission for Energy, Housing and Utilities Services Regulation (NCER).
According to the public register of owners of legal entities, as of February 2019, Promin-Energo LLC with a statutory fund of UAH 60 million belonged to four individuals – Eduard Nikitiuk, Yulia Merezhko, Ihor Protsenko and Asatur Baghdasaryan.

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UKRAINIAN SEA PORTS AUTHORITY TO START TENDERS TO TRANSFER OLVIA STEVEDORE, KHERSON SEAPORT TO CONCESSION

The Ukrainian Sea Ports Authority plans to announce tenders to transfer Olvia stevedoring company and Kherson maritime merchandise port in concession in May 2019, Ukrainian Sea Ports Authority Head Raivis Veckagans said at a briefing at the Infrastructure Ministry of Ukraine on Thursday.
“An important process in 2019 will be our concession projects. We plan to set up a tender commission for project evaluation in February. In March, we plan that the tender documents and criteria for evaluating potential bidders will be approved, and in May we plan to announce the tender,” he said.
Veckagans expects that by autumn, the Ukrainian Sea Ports Authority will sign the first concession agreements with public stevedoring companies.
“Also this year we plan to complete work on the feasibility studies for the following concession projects: the railway ferry complex at Chornomorsk and the public stevedoring company at the Yuzhny seaport.
As reported, the Infrastructure Ministry of Ukraine was expecting to conduct tender procedures for the transfer of Olvia stevedoring company and Kherson maritime merchandise port in concession in March-April and sign contracts with the winners of the tenders in May-June 2019.

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UKRAINE ANNOUNCES 12 TENDERS TO DEVELOP HYDROCARBON FIELDS

Ukraine has announced 12 tenders for signing production sharing agreements (PSA) for the development of hydrocarbon deposits. The relevant resolutions of the Cabinet of Ministers dated December 18, 2018 were published in the Uriadovy Kurier newspaper on January 5, 2019.
Some 12 fields were put up for auctions, including Hrunivsky, Varvynsky, Rusanivsky, Okhtyrsky, Buzivsky, Zenkivsky, Ivanivsky, Ichniansky, Balakleisky, Sofiyevsky, Berestiansky, and Uhnivsky.
The fields are located in Ivano-Frankivsk, Lviv, Poltava, Chernihiv, Sumy, and Kharkiv regions.
The term of the PSA is 50 years. Applications for participation in the tenders are accepted within three months from the date of publication of the announcement. It is assumed that the state’s share in profitable products should be at least 11% of its total volume, the maximum investor’s share – 70% of total production (until full reimbursement of investor expenses).
At the first stage of exploration (within five years) the minimum investment in Varvynsky, Ichniansky, Sofiyevsky areas amounts to UAH 1 billion, Hrunivsky not less than UAH 850 million, Rusanivsky, Ivanivsky, Balakleisky not less than UAH 800 million, Okhtyrsky, Buzivsky, Uhnivsky not less than UAH 600 million, Zenkivsky not less than UAH 500 million, and Berestiansky some UAH 450 million.
Tenders on the first ten sites were initiated by the U.S.-Ukraine Business Council (USUBC) and the investment company SigmaBleyzer, and the rest of deposits by Ukraine’s Navigator Komplekt LLC.

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LITHUANIA READY TO COOPERATE WITH UKRAINE IN TENDERS, ROLLING STOCK PRODUCTION

Lithuanian Railways has offered JSC Ukrzaliznytsia cooperation in a number of areas, including the development of international freight traffic, the Ukrainian League of Industrialists and Entrepreneurs (ULIE) reported on its website. The company wants to continue developing cooperation with Ukrzaliznytsia.
“Lithuanians offer Ukrzaliznytsia to cooperate in many areas. In particular, the matter concerns joint participation in European and international tenders, production and renovation of rolling stock, and an efficient use of the railway fleet for Ukraine,” representative of Lithuanian Railways Paulius Grubinskas said after the fourth Ukrainian-Lithuanian Economic Forum held in Kyiv on December 7.
Thus, according to the Lithuanian side, freight traffic between Ukraine and Lithuania increased by 10% in 2018, while the Viking container train increased traffic by 40%.
“There is a big goal – Ukraine and Lithuania want to combine the Black Sea and the Baltic Sea, while the Viking train can contribute. By the way, Scandinavian countries also express their interest in this,” the expert said.

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