Business news from Ukraine

Business news from Ukraine

Derzhgeonadra auction: amber plot sold for UAH 91 million

The consulting company of the Chairman of the Board of the Amber Business Association of Ukraine won

On Friday, 16.08.2024, an online auction was held for the sale of a special permit for the amber-bearing Polyana field (geological exploration with pilot industrial development and further extraction, for 5 years) with an area of 44.63 hectares in Rivne region.

The bidding started at UAH 4,641,520. Three bidders competed for the lot, with the final bids as follows:

  • Amber Trade 24 LLC of Vadym Kyrylchuk – UAH 30,000,100;
  • Com Resource LLC (the initiator of the auction) of Sergiy Antonov, Mykhailo Kryshchenko, Andriy Vertyporokh – UAH 90,000,000;
  • Mykola Kotnyuk’s Consulting Company Profzeminvest LLC – UAH 91,000,000 (winner).

Mykola Kotniuk is the head of the Amber Business Association of Ukraine, which unites 24 participants in the amber industry.

Is the Polyana site worth the UAH 91 million investment in a 5-year special permit? NADRA.INFO asked the winner of the auction.

“Our specialists will conduct a survey of the site, analyze the available geological information, and obtain the conclusions of the legal department on the possibility of obtaining a temporary land plot. After that, the investors will make the final decision on the payment for the lot,” said Mykola Kotnyuk.

If the winner does not buy the special permit, he will lose UAH 2 million of the guarantee fee, and the right to buy it will go to Com Resource LLC.

It should be noted that this was the second attempt by the State Service of Geology and Subsoil of Ukraine to find an investor for the Polyana field. At an auction in July, the lot was valued at UAH 35 million, but the special permit remained unacquired. Then, another company of Mykola Kotnyuk, Ukrainian Amber LLC, offered UAH 22,000,001 for the Polyana plot.

Kom Resurs LLC also participated in the first auction, valuing the lot at UAH 4,710,000. In July, the company was solely controlled by Ivan Debeliy (Antonov, Kryshchenko and Vertyporokh became owners of the company in August.

 

, ,

Restrictions on the movement of large-size trucks have been introduced in Kyiv

On the territory of Kiev introduced restrictions on the movement of large-size trucks on Sunday.

“In order to preserve the road surface, trucks are prohibited to move at air temperatures over +28 degrees Celsius. The ban applies to transport with an actual weight of more than 24 tons and axle loading of more than 7 tons,” – reported in the telegram channel.

Drivers can wait out the hot period on sites for temporary parking in the right-of-way of highways and near road service objects.

The KSCA will inform about the removal of the restriction in the telegram channel.

Heat up to 35° in Kiev on Monday-Tuesday

In Ukraine on Monday, August 19, without precipitation; only in the afternoon in the western regions in some places short-term rain, thunderstorms, reports Ukrhydrometcenter.

The wind is predominantly southeastern, 5-10 m/s.

The temperature at night 15-20 °, on the seashore up to 23 °; in the afternoon 29-34 °, in the southern and central regions of strong heat 35-37 °; in the Carpathians 23-28 °.

In Kiev on Monday without precipitation. No precipitation. The wind is predominantly southeastern, 5-10 m/s. The temperature at night is 18-20°, during the day 32-34°.

According to the Central Geophysical Observatory named after Boris Sreznevsky. Borys Sreznevsky in Kiev on August 19, the highest daytime temperature was 37.8 in 1946, the lowest nighttime temperature was 7.4 in 1893.

Tuesday, August 20, in Ukraine without precipitation; only in the western regions, in the afternoon and in Zhytomyr region, in some places short-term rain, thunderstorm.

Wind of variable directions, 3-5 m/s.

The temperature at night 15-20°, on the seashore up to 23°; in the afternoon strong heat 35-38°, in the western regions 30-34°, in some places 25-30°.

In Kiev on Tuesday without precipitation. Wind of variable directions, 3-5 m/s. The temperature at night is 18-20 °, in the daytime strong heat – 35 °.

 

, ,

Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)

Ukraine’s public debt to GDP ratio from 2009 to 2023 (UAH mln)

Source: Open4Business.com.ua

Internal and external debt of Ukraine in 2010-May 2024

Internal and external debt of Ukraine in 2010-May 2024

Source: Open4Business.com.ua

“DTEK” repaired 9.2 thousand kilometers of transmission lines

In the first half of 2024, distribution system operators of DTEK Grids repaired about 9.2 thousand kilometers of power lines of various voltage classes and 3.3 thousand substations and distribution points of various voltage levels.
“The works were carried out as part of the repair and investment program. The DSOs also invested more than UAH 2.2 billion in the renovation of power facilities in the first half of the year,” the energy holding said in a press release on Friday.
According to the document, despite the full-scale hostile aggression, the planned works are carried out every year to ensure the stability of the power grids during peak loads in the autumn and winter.
In particular, DTEK’s specialists have already reconstructed four distribution points and modernized 17 substations.
The company noted that due to the use of stabilization outage schedules, power equipment wears out and breaks down faster, so the amount of investment required increases.
“In the first half of 2024, the total investment since the beginning of the year under the investment program amounted to more than UAH 2.2 billion. By the end of the year, we plan to invest an additional UAH 2.6 billion in the development and renewal of the energy infrastructure,” said Oleksandr Fomenko, CEO of DTEK Grids, quoted in the press release.
According to DTEK Grids, the energy company continues to replace outdated meters with expiring service life by installing smart meters instead. In particular, in January-June, the company replaced 89.5 thousand meters, and plans to replace another 91.9 thousand meters by the end of the year.
In order to prepare for the heating season 2024/25 as efficiently as possible, the company also called on companies servicing apartment buildings – housing offices, condominiums and management companies – to inspect their equipment, carry out the necessary maintenance and eliminate possible malfunctions. “According to statistics, people were left without electricity in their homes in 25% of cases on average due to accidents in the adjacent networks,” DTEK explained.
“DTEK Grids develops the electricity distribution and power grid operation business in Kyiv, Kyiv, Dnipro, Donetsk and Odesa regions. The energy holding’s DSOs serve 5.5 million households and 158 thousand enterprises.