Business news from Ukraine

Business news from Ukraine

A granite quarry is sold for $3.25 million in Vinnytsia region

The area of the deposit is 54.9 hectares. The area of the leased territory is 88.09 hectares (7 plots). The mining allotment for the extraction of block stone is 15.92 hectares, and for the extraction of stone for crushed stone – 33.28 hectares. The land lease agreements are valid until 2036.

Special mining permit until 2036. The permit includes two separate areas: for the extraction of block stone (Cardinal Grey) and rubble stone for the production of crushed stone.

The balance sheet reserves for 2024 amount to 15.762 million m3, including 3.176 million m3 for blocks (categories A + B) and 12.586 million m3 for crushed stone (categories A + B + C1).

In addition, in the C1 category, the conditional balance reserves for the block section are +2.69 million m3, and for the crushed stone section – +1.074 million m3.

Product characteristics: fraction nomenclature according to certificates: 0-5, 5-10, 10-20, 5-20, 20-40, 40-70, mixtures of C-11, C-7, C-5. Compressive strength grade M1200, density 2.7 t/m.cubic meter, radioactivity class one, abrasion grade St.1, impact resistance grade U-75, serial friability g/p = 15%. An operating laboratory with equipment.

Number of personnel: 24 people (technical staff – 8 people, other staff – 16 people). Work in 1 shift.

Production capacity of the crushed stone production line = 1,100,000 tons per hour. 4 crushing stages:

1. Receiving hopper (60 cubic meters) with a plate feeder and a jaw crusher SMD-111;

2. Medium crushing cone crusher Metso GP300s + Gyratory CVB 2060 (3 decks);

3. Mobile complex with cone crusher Sandvik СH-440 + Gurkrit (2 decks) + Gurkrit (3 decks);

4. An independent line with a Metso HP-100 cone crusher + Rumbling (3 decks).

The crushing and screening line is fully equipped with machinery: two loaders (CAT, VOLVO), an excavator (Liebherr), two BelAZ trucks (45 tons), two BelAZ trucks (30 tons), two KrAZ trucks, three cranes (two KS and RDC cranes), a fuel truck, etc. There is also a tank with a 10 cubic meter license and a garage with repair bays, three Skoda cars.

In addition to the crushing and sorting line, the quarry has a complex of workshops for sawing and polishing slabs from the block quarry, all equipped with crane beams, overhead cranes and hoists.

Also on the territory are the following buildings: operator’s room, utility room, administrative building, checkpoint, warehouse, lathe shop, compressor room, pump room, and garage. The area of all buildings is more than 4000 square meters.

There is a railway loading branch equipped with a ramp with two receiving hoppers and a conveyor loading system for 10-20 receiving cars.

More detailed information is available upon request

Price: USD 3 250 000

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Ukraine is ready to extend Russian gas transit at initiative of European Union countries

Ukraine is ready to extend the transit of Russian gas through its gas transportation system (GTS) at the initiative of the European Union countries, but will not extend the current contract or sign a new one with Gazprom, Prime Minister Denis Shmygal said at a press conference in Kiev on Monday.

“We are certainly not going to negotiate with the aggressor country to extend (the transit contract) and put our signatures under the agreement, but we have had repeated talks with European leaders on the basis of the European Commission. If European countries will act as a consortium or one of the European partners will act as a transit company for its own gas, we are ready to provide such a service. Here the initiative is on the side of the EU and our European partners,” he said.

“Group, association, consortium… It could be the EC, a group of European countries that are interested in preserving transit,” Shmygal specified.

At the same time, according to the Prime Minister, the GTS of Ukraine is ready to function without the transit of Russian natural gas.

As reported, the transit of Russian natural gas through the gas transportation system (GTS) of Ukraine in 2023 decreased by 28.4% (by 5 billion 812.6 million cubic meters) compared to 2022 – to 14 billion 646.6 million cubic meters.

The contract between Naftohaz Ukrainy and Gazprom for the organization of transportation, the transportation agreement between NAK and OGTSU, as well as the inter-operator agreement between OGTSU and Gazprom were signed on December 30, 2019. The contract provides for transit of 40 billion cubic meters of gas per year in 2021-2024.

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Key indicators of state budget (monthly), UAH billion

Key indicators of state budget (monthly), UAH billion

Source: Open4Business.com.ua and experts.news

Appeal of Polish and Ukrainian business community

The Union of Ukrainian Entrepreneurs (SUP), the Polish Confederation of Leviatan (KL), and the Polish-Ukrainian Chamber of Commerce (PUIG) welcome the efforts of the Polish and Ukrainian governments to unblock the border crossings between the two countries and look forward to its real results. This should be accompanied by the development, in cooperation with the European Union, of a viable program to address the key economic causes that lead to such terrible events. Despite the differences in views and challenges in our cooperation, the current problems of any economic or social group cannot be solved by blocking borders and key transportation routes.
Therefore, it is in the best strategic and security interests of both countries and the entire European community to stop further destruction of our common political, economic and social relations, which have been elevated to a historically high level over the past two years following Russia’s full-scale invasion of Ukraine two years ago. In fact, Russia – the aggressor country – is the only party that benefits from this development.
As representatives of the business communities of both countries, we would like to emphasize the economic consequences of the border crisis, including

– direct losses in trade, which has been growing very rapidly over the past two years, with benefits for all partners and a positive balance for the Polish side;

– the rapidly growing loss of trust in mutual economic relations, which is already leading to refusal to participate in new or even open violation of long-term contracts between our companies that already exist;

– the gradual deterioration of the business climate, which raises questions about the future of a mutually beneficial partnership in the reconstruction of Ukraine, including possible Polish investments;

– undermining Ukraine’s efforts to successfully negotiate its rapid accession to the European Union.
Allowing the current events on the Polish-Ukrainian border to get out of hand risks exacerbating the problems and spreading them to other areas, then gradually eroding the trust in the mutual relations gained over the past two years, and ultimately jeopardizing the chances for a prosperous future relationship between our countries. We have no doubt that the present and future generations of Polish and Ukrainian entrepreneurs, as well as the vast majority of our societies, would never forgive us for this serious mistake!

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Ukraine plans to create Investment Attraction Agency

Ukraine intends to create an Investment Attraction Agency as a single entry point for investors in the Ukrainian private sector, First Deputy Prime Minister Yuliya Sviridenko said on Facebook.
“To ensure that all investors wishing to invest in the private sector in Ukraine have a single point of entry, we are working on the launch of a single institution – the Investment Attraction Agency,” she wrote following a visit to London, where she discussed its creation, including with the London Stock Exchange (LSE).
According to her, during the meeting, LSE specialists assured that they are ready to provide their expertise and help build this institution.
Sviridenko said she also met with British International Investment, which last summer at a conference on Ukraine’s reconstruction in London said it was ready to allocate GBP250 million to finance the private sector in Ukraine, mainly for post-war reconstruction.
“These funds will be available from April through the Co-investment platform. What can we do together with the private sector already now to get this funding? Prepare quality projects. For this purpose we also attract partners to jointly do feasibility study, “- First Deputy Prime Minister said.
She added that attracting investment and financing to Ukraine was also the main topic of negotiations with the European Bank for Reconstruction and Development, the London Stock Exchange and TheCityUK, UK Export Finance (UKEF).
“We are working with UKEF to attract investments in the defense sector. We have also opened a GBP3.5bn limit for Ukraine. Several companies have already received insurance, one of them yesterday during our visit to London. We plan to expand cooperation, in particular, we discussed the possibility of insuring suppliers of equipment in the field of military demining,” Sviridenko wrote, in particular.

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Sweden to open trade office in Kiev

The Swedish Export Credit Agency (EKN) has started accepting applications for special credit guarantees for exports to Ukraine since March 1. The total limit of guarantees according to the country’s budget for 2024 is SEK333m ($32.1m at the current exchange rate).
According to EKN, this became possible after the Swedish government adopted a relevant decree on February 29.
In addition to the new export credit guarantees, the government also decided to open a trade secretary’s office in Kiev and appoint a new trade secretary, the press release said.
“The export credit guarantees and the opening of a new trade office in Kiev will make it easier for Swedish companies to invest in Ukraine. It is also a concrete example of how the government is working to increase synergies between aid, trade and business promotion,” the statement quotes the Minister for Development Cooperation and Foreign Trade Johan Forssell as saying.
It is indicated that guarantees will be provided for exports that can contribute to the development and welfare of Ukraine.

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