Business news from Ukraine

UKRAINIAN KSG AGRO WILL COOPERATE WITH A PASTA MANUFACTURER FROM POLAND

Ukrainian agricultural holding KSG Agro and pasta producer Makarony Polskie (Rzeszów, Poland) signed a letter of intent to establish cooperation in the field of trade in vegetable oil and grain, as well as cooperation in other areas of agricultural production.
Information about the conclusion of the relevant protocol was made public on the Warsaw Stock Exchange on Monday evening.
According to the announcement, the parties intend to arrange the import of rapeseed and sunflower oil from Ukraine for their processing and sale in Poland and third countries.
It is clarified that the letter of intent is not a binding agreement, but only expresses the desire to start negotiations on mutual cooperation of the parties.
According to the website of the Polish company, Makarony Polskie is one of the largest manufacturers of pasta in the country. The company has production plants in Rzeszów and Częstochowa.
Its products are offered under the brands Makarony Polskie, Sorenti and Abak.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sales of grain and oil crops. His land bank is about 21 thousand. ha in Dnipropetrovsk and Kherson regions.
According to the agricultural holding, it is among the top 5 pork producers in Ukraine.
In 2021, KSG Agro increased net profit 16 times compared to 2020 – to $20.27 million, revenue – by 44%, to $30.75 million, while doubling EBITDA – to $12.28 million.

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POLAND ABOLISHES FREE RAILWAY TRAVEL FOR UKRAINIAN CITIZENS FROM JULY 1

The Polish railway company PKP Intercity is canceling free travel for Ukrainian citizens from July 1, the company’s press service said.

“The current rules for issuing free tickets for refugees from Ukraine will be valid until Thursday, June 30. From Friday, July 1, these trips will be carried out according to the general rules included in the PKP Intercity regulations.

It is noted that free travel for citizens of Ukraine in the 2nd class of economy class trains TLK and IC was introduced on February 26. Until the last days of June, more than 2.3 million citizens of Ukraine used the services of PKP Intercity.

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LVIV CUSTOMS EXPANDS CAPACITY OF CHECKPOINTS ON BORDER WITH POLAND

Lviv customs is expanding the capacity of two checkpoints on the border with Poland, said at a briefing acting. head of the Lviv customs Daniil Menshikov.
According to him, since this morning, trucks up to 7.5 tons have been allowed to enter the Grushiv checkpoint, and earlier there was a limit of no more than 3.5 tons.
Also, at the Krakovets checkpoint, work is underway on the construction of temporary modules for the passage of cars on the A4 highway
“We plan to open this road next week, and we will use all 8 lanes at the Krakovets checkpoint for passing trucks,” Menshikov said.
In turn, Igor Matviychuk, deputy chief of staff of the Western Regional Directorate of the State Border Service, said that vehicles up to 7.5 tons were also allowed to pass at the Ustilug checkpoint in the Volyn region, which should reduce the load on the Yagodyn checkpoint.
According to him, work is also underway on the border with Romania – the Krasnoilsk checkpoint is 90% ready for commissioning, and the Dyakovtsy checkpoint is 60%.
The possibility of resuming the work of checkpoints on the railway in Transcarpathia is also being considered – we are talking about the checkpoints “Dilov” and “Teresva”.

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US INTENDS TO BUILD GRANARIES IN POLAND TO FACILITATE EXPORT OF UKRAINIAN GRAIN – JOE BIDEN

The United States intends to build granaries in Poland on the border with Ukraine to facilitate the export of Ukrainian grain to Europe by rail, US President Joe Biden said on Tuesday.
“We are going to build temporary granaries on the border with Ukraine – in Poland,” he said during a speech broadcast by the White House on Tuesday.
Biden noted that this plan, if implemented, would allow exporting grain from Ukraine to Europe, and from there to other parts of the world. He said that he is currently “working closely with European partners to release 20 million tons of wheat from Ukraine to world markets.”
The US President also acknowledged that the plan “will take time” to implement.

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UK AND POLAND BECOME MAJOR SUPPLIERS OF MEDICAL ASSISTANCE TO UKRAINE IN PAST WEEK

The UK and Polish governments were the main suppliers of medical assistance to Ukraine in the past week, the press service of the Health Ministry of Ukraine has said.
The ministry said that the UK government and the Strategic Reserves Agency of Poland were the major suppliers.
The Health Ministry also noted assistance of the Embassy of Bulgaria in Ukraine, the Direct Relief international humanitarian aid organization, the Kyiv School of Economics Charitable Foundation, the Center of Volunteering and Protection charitable organization, One Ukraine, and Americares global non-profit organization.
The ministry reported that it received six ambulance vehicles, 1,000 packs of hemostatic gauze, 125 patient monitors, 7.5 tonnes of antibacterial agents, 153.5 tonnes of various medicines, 26.5 tonnes of drugs for Covid-19, 60 tonnes of personal protective equipment, and 5 tonnes of syringes from volunteers and partner countries over last week.

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NEW AMBASSADOR OF UKRAINE ARRIVED IN POLAND

Vasily Zvarych, the new Ukrainian Ambassador to Poland, announced that he had begun his diplomatic mission in Warsaw.
“Congratulations from Poland! We have arrived to work resolutely 24/7 to strengthen the Ukrainian-Polish friendship! Together with Poland we are stronger and together we will definitely win! Thank you for the solidarity and support of Ukraine,” Zvarych wrote on Twitter on Sunday
As reported, President of Ukraine Volodymyr Zelensky dismissed Andriy Deshchytsia from the post of Ukrainian Ambassador to Poland and appointed Vasily Zvarych to this position. The corresponding decrees No. 43/2022 and 44/2022 of February 8 were published on the website of the head of the Ukrainian state.

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