Privatization of “President Hotel” went to the second round

Privatization of “President Hotel” went to the second round

08.08.2016 News

p.o_siteThe State Property Fund of Ukraine has chosen a company that will reassess the package of the state-owned shares of PJSC “President-Hotel” in the amount of 100% of the share capital. The winner of the contest, which was on July 27, 2016, was the company LTD “M Consulting.” The winner is required to conduct an assessment of the hotel for 18 days.

The cost of the provision of assessment services is 38 thousand hryvnia. This is the second attempt of the State Property Fund of Ukraine to sell the hotel in the center of Kiev. In November 2015 everybody expected the publication about sale of the “President Hotel”, the starting price of the sale of which was a bit more than 330 million hryvnia. And in May 2016 the State Property Fund of Ukraine №1019 by its order of 18 May 2016 “On Amendments to the Order of the State Property Fund of Ukraine from 15.06.2015 №857 and recognition the orders of Fund as those that have become invalid” has canceled five of their own orders, which were concerned with preparation and conduct of privatization of the “President Hotel”.

The State Property Fund of Ukraine explained that such action has taken due to the fact that the validity of PJSC ended assessment “President-Hotel”. The new assessment could be undertaken now on the basis of only new similar orders. “President-Hotel” (until 1998 – the hotel “Intourist”) was built in 1990.

The four-star hotel with 374 rooms (with meeting rooms, which designed for 12-465 people), reconstruction was carried out in 2006-2012. Net profit in January-September 2015 increased by 1.6 times compared to the same period in 2014 – up to 11.4 million hryvnia, net income decreased by 29.6% – up to 20.45 million hryvnia.

At the end of 2014 the net profit of the hotel has increased in 1,6 times in comparison with 2013 year – up to 7.81 million hryvnia, net income – by 1.7 times, up to 34.72 million hryvnia.

According to the Uniform State Register of Legal and individual entrepreneurs from November 18, 2015, the owner of 100% shares of PJSC was the State Property Fund of Ukraine. The authorized capital of PJSC “President Hotel” on November 18, 2015 amounted to 94.337 million hryvnia.

Read more: From the sale of enterprises of “Ukrspirt” the state plans to raise between 200 and 400 million dollars

Other articles

  • The state will sell its stake in Lufthansa in the next two years
    News

    The state will sell its stake in Lufthansa in the next two years

    The Fund for Economic Stability (WSF), created by the German government, saved the largest German airline from bankruptcy after the collapse of air traffic in March 2020 with billions of infusions, but now there is a way out of the crisis, the concern said. Lufthansa intends to return to the state by the end of […]

  • Lufthansa will repay the state aid of 2.5 billion euros
    News

    Lufthansa will repay the state aid of 2.5 billion euros

    The German concern Lufthansa plans to remove the state from its co-owners by increasing its capital by 2.14 billion euros and returning the state anti-crisis aid received during the COVID-19 pandemic. These measures will begin before the elections to the Bundestag on September 26, the airline said on Sunday evening, September 19. From September 22 […]

  • Gazprom has delivered a record amount of gas to Turkey
    News

    Gazprom has delivered a record amount of gas to Turkey

    In 2021, Russia’s Gazprom supplied 20.3 billion cubic meters of gas to Turkey, which is the maximum figure in less than nine months. This was reported by the company’s press service following a meeting of its chairman Alexei Miller with Turkish Minister of Energy and Natural Resources Fatih Donmez on Monday, September 20. At the […]

  • The State Statistics Service has improved the quarterly economy
    News

    The State Statistics Service has improved the quarterly economy

    According to the updated data of the State Statistics Service, Ukraine’s GDP growth in the second quarter of 2021 was 5.7% in annual terms, which is 0.3% higher than the previous estimate. In particular, for six months the nominal GDP was UAH 1 trillion 169.4 billion, and per capita – UAH 28.19 thousand. Compared to […]

  • What help Ukrainian entrepreneurs need to export more
    Analytics

    What help Ukrainian entrepreneurs need to export more

    Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]

  • The Ministry of Finance named the main risks of the economy in 2022
    News

    The Ministry of Finance named the main risks of the economy in 2022

    Next year, Ukraine may face a number of macroeconomic risks that will greatly affect economic growth. The Ministry of Finance listed these risks. In particular, Ukraine may lose 0.6-0.8 percentage points of GDP growth due to too low grain yields, due to which the budget will not receive UAH 8.5 billion. At the same time, […]

  • Ryanair plans to become the main investor in Ukraine
    News

    Ryanair plans to become the main investor in Ukraine

    The low-cost airline Ryanair plans to expand in Ukraine if the open skies agreement with the EU is approved in the coming months. CEO Michael O’Leary stated this. O’Leary predicts the signing of an agreement between Ukraine and the EU by the end of 2021. “One of the markets I would single out is Ukraine. […]

  • Almost 740 enterprises have been put up for sale in Ukraine
    News

    Almost 740 enterprises have been put up for sale in Ukraine

    Ukraine plans to privatize 737 state-owned enterprises during 2021-2023. The Ministry of Economy published the list of objects for sale. Although some companies will be able to sell only after the amendments to the legislation. In particular, such large enterprises as Centerenergo, the United Mining and Chemical Company, Turboatom, the Zaporizhia Titanium and Magnesium Plant, […]

Read also

Privatization of “President Hotel” went to the second round
News

“Rosinka” urged the bankrupt

The Economic court of Vinnytsia region decided to recognise the Rosinka Kiev plant of the Dewdrop soft drinks entity as the bankrupt. The information on preliminary judicial review had been posted on the Court solutions register website with links to the corresponding court orders. The majority of them is a credits payment liability. There is […]

Next
Privatization of “President Hotel” went to the second round
News

Concorde Capital accuses Kernel of corruption motives when buying the Creative factory

The acquisition of the Creative factory by the company Kernel Group  had a corruption component. Such an opinion was expressed by the expert of the  Concorde Capital investment company, Alexander Paraschiy, according to the  AgroPolit.com. He argues that the deal is profitable for Kernel, but would be a bane for the largest state-owned banks and […]

Next
Privatization of “President Hotel” went to the second round
News

Amazon has banned the import of seeds into the United States

Amazon has banned the import of seeds to the United States because the Americans received thousands of parcels from unknown shippers from China. In this regard, Amazon informed foreign partners of its decision and obliged sellers to remove publications with appropriate proposals. Now sell the seeds only can those who is in the United States, […]

Next
Privatization of “President Hotel” went to the second round
News

Chinese and Ukrainian companies will build a wind farm

The Chinese company POWERCHINA and the Ukrainian company WindFarm have signed a contract for the joint construction of a wind farm in the Donetsk region. This was reported by the press service of WindFarm. “The cost of the project is at least $ 1 billion, which makes it the largest wind energy project in Ukraine,” […]

Next
Privatization of “President Hotel” went to the second round
News

Wealthy Save Money In Alpine Rocks

The Swiss construction company Bruenig Mega Safe AG offered the rich to save their money in a storage carved into alpine rocks. It is reported that the company plans to use space in the mountains equivalent to ten football fields to create a storage. The warehouses will have a volume of 100 cubic meters and […]

Next
Privatization of “President Hotel” went to the second round
News

Ukrainian Channel 1 + 1 was allowed to broadcast

In the National Council of Ukraine on January 5, 2017 it was a briefing, the participants of which were the chairmen of the regulatory body and in result of which special commissioners of tv chanel got the right to broadcast, according to the source Media Detector. According to Uliana Feshchuk – a deputy head National […]

Next
Privatization of “President Hotel” went to the second round
News

The first truffle farm in Ukraine

French entrepreneur plans to open the first Ukrainian truffle farm in Kharkiv region. Edouard Henon,the owner of the oldest in Bordeaux truffle plantation, plans to organise a truffle farm in the territory of the regional Kharkiv park landscape .He is sure that all conditions, necessary for the cultivation of a delicacy, are in the Kharkiv […]

Next
Privatization of “President Hotel” went to the second round
News

Adobe demonstrated the best third quarter in its history

Shares of Adobe Systems, which rose to 76% over the past 12 months, increased by 2.8% after the announcement of a strong 3rd quarter, traditionally considered seasonally weak. “Adobe has demonstrated the best third quarter in our history,” said Shantanu Narayen, president and CEO of Adobe. “We are confident that our leadership in digital services […]

Next
Privatization of “President Hotel” went to the second round
News

The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities

Pfizer and BioNTech shares rose sharply on Monday by 4% and 10%, respectively. This happened after the US Food and Drug Administration (FDA) assigned an “accelerated” status to their two COVID-19 potential vaccines. Although the companies have not yet completed the final tests and have not received approval for the production and sale of their […]

Next
Privatization of “President Hotel” went to the second round
Analytics

What help Ukrainian entrepreneurs need to export more

Exports of goods accounts for a third of Ukraine’s GDP.But we sell primarily raw materials abroad. It is a marker of underdeveloped countries and a path that does not contribute to economic development. Our state’s strategic task is to increase the exports of high-tech goods with high added value: that is, not just to grow […]

Next
Privatization of “President Hotel” went to the second round
News

The NBU has not entered the foreign exchange market for two months

The National Bank did not enter the interbank foreign exchange market this week, as in the previous seven weeks. Since the beginning of the year, the NBU has bought $ 290.5 million on the interbank market and sold $ 70 million. The balance of interventions amounted to 220.5 million dollars. It will be recalled that […]

Next
Privatization of “President Hotel” went to the second round
News

PayPal company has announced the “strongest quarter” in its history

Shares of PayPal, increased up to 70.7% since the beginning of the year, continued to rise after the announcement of the financial results of the 2nd quarter which ended on June 30. This is not surprising given the growth of digital payments against the background of the global pandemic COVID-19. “The world has moved into […]

Next
Privatization of “President Hotel” went to the second round
News

A large pharmaceutical company Shire is buying its rival Baxalta for $ 32 billion

According to news agency Bloomberg, citing informed sources, a large Irish pharmaceutical company Shire is buying its rival company Baxalta Inc. This will create a new global biotech giants. The acquisition price is approximately $ 32 billion by shares and cash, not including the payment of debts. Precise details of the purchase are not currently […]

Next
Privatization of “President Hotel” went to the second round
News

Agricultural holding “Industrial Milk Company” will receive $ 20 million for appending of the floating capital from the European Bank for Reconstruction and Development

Agricultural holding “Industrial Milk Company” (IMC) is planning to raise $ 20 million funding from the European Bank for Reconstruction and Development for appending of the floating capital. According to the bank’s website, the board of directors plans to consider the relevant draft at the meeting on April 20. The total cost of the project […]

Next
Privatization of “President Hotel” went to the second round
News

England began a trial about the manipulation of interest rates on interbank credits

In London is being heard the case about the manipulation of European interbank rates Euribor. The defendants are  11 former employees of large financial companies such as Deutsche Bank, Barclays and Societe Generale. This trial is characterized like atypical, because for the first time in the case of manipulation of the bidding Euribor defendants are […]

Next
Privatization of “President Hotel” went to the second round
News

Amazon fined $ 887 million in Europe

The Luxembourg National Data Protection Commission has fined Amazon $ 887 million for violating the processing of users’ personal data. The Commission has decided that the processing of Amazon’s personal data does not comply with EU data protection regulations. Claims are related to showing customers relevant advertising. This is a record fine for such violations […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com