likes to repeat history as farce ... But in a country where the farce going, sometimes not at all funny. The next attempt to privatization of Odessa port has become one of the most outstanding performances in the theater of the absurd called privatization in Ukrainian.

reversal of the open auction after the proclamation of the winner litsitatorom scandalous in itself. If you remember, with some pressure, literally knocking everything in its path and ignoring any obstacles, the government pulled the company to the competition, the situation is even more dramatic. The impression of this failure, it seemed difficult to degrade. But here tried.

bidders threw twice, first by selling the object is not contrary to the terms of competition, and then - not returning their deposit.

before selling each of them as a guarantee of seriousness, introduced a security deposit amounting to 10% of the original price, ie on 400 mln.

This is normal - this is the procedure.

But it presupposes respect for the seriousness of the other side. Instead, state officials have demonstrated all the features of Ukrainian privatization.

auction took place on September 29, after which within three banking days, the participants were to be returned to the liens. There was even issued a special order the State Property Fund number 1532 of 29.09.2009 On results of competition on sale of shares in the Odessa Port Factory. In his second paragraph contains the Department of MFI financial return tender guarantee participants

And then it began a farce. The competition involved three companies: Russia OOO Nitrogen-Service (subsidiary of Gazprom OAO Sibur Holding) and two Ukrainian LLC - Frunze Flora and Nortima.

So, bail was returned only to Russians than once indirectly confirmed persistent rumors circulating in September that the sale is prepared under nitrogen-Service, and the urgent cancellation is due to the appearance of wrong winner.

In general, Russia LLC created most favored, but the Ukrainian suggested the presence of only ... satisfied with the order, stating that with the return of funds because of technical difficulties.

Moreover

difficulties grew ... The newspaper Kommersant-Ukraine detailed how it works: State Treasury refused to recognize the valid documents are transmitted. They always result in some bureaucratic excuses, saying that not enough of one or the other instrument.

funny, but the same documents was more than enough to return Nitrogen-Service. In sum, all members are equal, but some are much more equal than others.

first could not stand co-owner of the company Frunze Flora Konstantin Grigorishin. Ten days after the auction, he said Ukrainian Truth, and that after ten days of deposit already he never returned.

And on the eve of the contest, Mr. Grigorishin, he said, met with Prime Minister of Ukraine and the Yulia Tymoshenko personally guarantee the repayment of deposit within three days.

meeting was not random. Even after the failure of last year's attempts to sell IPF Grigorishin stated that participate in its privatization only subject to strict compliance with the legislation of Ukraine. Guarantees he willingly gave. But they clearly do not intend.

After the auction attempts to contact personally with the prime minister had failed. Instead, on its behalf, according to Konstantin, reported that the budget has no money and deposit us back, if the Fund will allocate money and Ukraine if they had something and then left, but it will not be before November. And this is after the personal guarantees of repayment in three days! Frankly, this morass we have not yet been ...

The funny thing is that shortly before the declaration Grigorishin Yuliya time to inform the public that the country's all good, and sometimes just fine and, for example, an agreement with the IMF, at times even surpassed with 20-30% of the stock.

But what can not believe, if it turns out that reserves are so weak that even strangers back 800 million UAH. Government can not in time.

lawyers Frunze-Flora prepared a lawsuit against the State Property Fund: We are talking about losses, foreign exchange and the like, which they will be obliged to compensate, it's also money that is taken on credit.

winner of the auction of the IPF, the same incorrect Nortima, lasted longer than the others. Only at the end of the second week after the auction said strong indignation of the inconsistent actions of the State Property Fund of Ukraine related to the privatization tender of OJSC Odessa Portside Plant.

Besides being in violation of the Regulations on procedure of tenders for sale of shares of joint stock companies Privatization Office has refused to recognize our company won a privatization tender for the sale of state shares of OJSC Odessa Portside Plant, SPF did not return ... OOO Nortima 400 mln. made as a competitive safeguards, - noted in Nortime.

The company said that until such time as the State Property Fund will be signed with OOO Nortima as the winner of a privatization tender a contract of sale of shares of OJSC Odessa Portside Plant, the State has no legal authority or moral right to use Cash introduced our company as a competitive safeguards.

representative Nortimy at an auction Zhugan Roman said the government unjustifiably enjoys cash tender guarantees, as well as continuing the practice of legal nihilism and systematically violating Ukrainian law, what does irreparable damage to Ukraine's image in the eyes of the international investment community.

The lesson for investors really are impressive. Those applicants who have not come up for auction, it is unlikely this sorry ...

Sales

actually got very clear - was clearly demonstrated the worth of guarantees of Ukrainian officials and privatizers and they understand the competition.

whom it was necessary - is another question. Reputation of the country is uniquely affected. Lessons of legal nihilism expensive. Recently, the international rating agency Fitch has confirmed its expectations downgrade of Ukraine. The cause was called inconsistent macroeconomic policy, and it was stated that the Government has again weakened fiscal discipline.

history of IPF is confirmed ... Or after us the deluge?

fact due to non-repayment of the government now to plug any holes. Grigorishin even sarcastically suggested that they bought it Milk.

Incidentally, one of the versions of the expert rather cynical and, unfortunately, plausible. Members banal punished for failing the expectations of the auction of the government. Recall that at a starting price of 4,1 billion UAH. it ended in victory Nortimy , which offered 5 billion. Later, the Government stated that he wished to 8.10 billion ...

Wanting more, of course, does not hinder anybody, but then we must correctly formulate the conditions. Instead, followed almost hysterical statements to charges of conspiring buyers. And all this happened after the decision litsitatora. That is legally an auction was held and the winner was named.

Prove that the excess over the starting price of a billion hryvnia - that few would be, at least, difficult. Now participants can not return a smaller amount.

And, incidentally, are at risk, ultimately, pay, except the debt, more and fines. Play the prosecution and at the same time free of charge to lend money Cabinet members do not intend to. They also live in a world where the crisis is raging, and part of the money they borrowed.

easy even count how many each day of delay will cost the budget. The penalty is calculated from the double NBU refinancing rate (now - 10,25% per annum). In other words, every day is almost 450 thousand UAH. This is slightly more than an unknown well-wishers cost a week putting up thousands of billboards in Kiev, claiming that won працює.

That money alone would not give won, namely Ukraine.

Arkadi Sergeev

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