Business news from Ukraine

BENOIT PLESKA FROM BELGIUM HEADS UKRPOSHTA

The supervisory board of PJSC Ukrposhta at a first meeting held on December 14, 2018 elected Benoit Pleska (Belgium) head of the board. At the meeting the audit committee was created. Jakub Karnowski (Poland) was elected chair of the committee. Oksana Volchko was elected head of the committee for appointments and remuneration to managers of the company.
Oleksandr Ozeran headed the committee for digital transportation and Joona Saluveer (Estonia) headed the committee for postal logistics and parcels.
On October 10, the Cabinet of Ministers of Ukraine approved the supervisory board of PJSC Ukrposhta, consisting of five independent members and two representatives from the state.
Independent members are Pleska, Saluveer, Karnowski, Tommy Jensen (Denmark) and Volchko, while the representatives of the state are Ozeran (Director General of Directorate of State Policy in the sphere of digital infrastructure in transport and postal services of the Ministry of Infrastructure of Ukraine, Hyperloop Project Chief in Ukraine) and Yuriy Tustanovskyi (Head of the Executive Support Service of the First Vice Prime Minister of Ukraine).
The professional recruiting company Amrop selected the independent members of the supervisory council.

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TERRATARSA UKRAINE LAUNCHES FERTILIZER PLANT IN KHERSON REGION

TerraTarsa Ukraine LLC (Kherson region) has invested over $1 million in the launch of a first stage of the liquid mineral fertilizer plant in Kakhovka, Kherson region. According to a report of the Kherson Regional Administration, a production capacity of the first stage of the plant is 60,000 liters a day (3 million liters a year). The plant can store 100,000 liters of fertilizers. The production process is fully automated.
In addition, the company plans to open the second stage for production of crystalline fertilizers with a capacity of 15,000 tonnes a year. Currently, 75 people are working at the enterprise.
TerraTarsa Ukraine was founded in autumn 2011 after the merger of Doktor Tarsa (Turkey) and Terra Ltd. (Ukraine). The company supplies the Ukrainian market and the markets of neighboring countries with complex technological solutions for intensive cultivation of a wide range of crops, offers more than 20 types of fertilizers.
In September 2017, the company opened the Terralab soil-agrochemical laboratory in Kakhovka, which conducts a number of tests (soil, water, fertilizers and plants). The volume of investments is $500,000. According to the unified public register of legal entities and individual entrepreneurs, the founder of TerraTarsa Ukraine is TerraTarsa B.V. (the Netherlands), and the ultimate beneficiary is Andriy Hoholev.

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UKRENERGO AND MOLDELECTRICA SIGN AGREEMENT

National energy company Ukrenergo and Moldelectrica have signed the operation agreement on the creation of a regulating unit as part of the power grids, which contains general technological aspects, provisions and technical conditions for ensuring synchronous operation of the Ukrainian and Moldovan power grids and fully meets the requirements and rules of the European Network of Transmission System Operators for Electricity (ENTSO- Е).
“The agreement regulates and ensures the synchronous operation of the power girds of Ukraine and Moldova, and in the future it will ensure the synchronous operation of the ENTSO-E power system of the continental Europe,” the company said, citing Ukrenergo’s Deputy CEO for Operational Management, Chief Dispatcher Vitaliy Zaichenko in the report.
According to him, the document approved all the required technological conditions in accordance with European rules and standards to regulate the frequency and power capacity within the power grids of Ukraine and Moldova.
Ukrenergo said that a procedure has also been developed for a quick amendment of the agreement required at the moment of the integration of power grids into ENTSO-E.
In addition, the parties agreed on a quarterly monitoring of the implementation of the agreement.
Ukrenergo operates trunk and interstate transmission lines, as well as centralized dispatching of the country’s integrated power grids. Ukrenergo is a state-owned enterprise under Ukraine’s Ministry of Energy and Coal Industry, but it will be transformed into a private joint-stock company soon.

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ANTIMONOPOLY COMMITTEE OF UKRAINE PERMITS CERAMIC TECHNOLOGIES TO BUY BRICK PLANT FROM CZECH BANK

The Antimonopoly Committee of Ukraine has permitted Ukrainian Ceramic Technologies LLC (Khmelnytsky) to buy a brick plat from Czech Export Bank (CEB, Prague). As the press service of the regulator reported on Thursday, the company received permission to buy a complex of buildings of the brick factory with equipment and a land parcel, which provides for the production and sale of ceramic bricks of various types.
As reported, early October 2018, a brick factory in the village of Kuzmyntsi (Kaharlyk district, Kyiv region), put up for sale by the Czech Export Bank, was sold for UAH 170 million – a record amount at the OpenMarket electronic trading platform of the state-owned enterprise SETAM. According to the documentation provided in the announcement, the lot included a complex of buildings of the brick factory with a total area of 15,900 square meters, land area of 3 hectares, and equipment.
Kuzmyntsi brick factory, which began operating in 2002, was declared bankrupt in April 2016.

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