Business news from Ukraine

Business news from Ukraine

Tovkachevsky GOK plans to export quartzite to Poland for EUR 2 mln

Tovkachevsky Mining and Processing Plant (TMP, Pershotravneve, Zhytomyr region) intends to supply quartzite and crushed stone to WENGA SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (Poland) for a total of EUR 2 million.
According to the company’s announcement in the NSSMC’s information disclosure system, on September 2 this year, the Supervisory Board of TGOK gave its consent to the Management Board to conduct a significant transaction – the conclusion of a supply agreement between the company and WENGA SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (Poland).
At the same time, it is specified that the contract is for the supply of the following quartzite products: quartzite TK 97-100 fraction 25-120 mm, 25-100 mm, 25-100 mm, 2 mm; crushed stone fraction 5-10 mm, 5-40 mm, 20-40 mm, 25-60 mm, with a total contract value of EUR 2 million.
“To entrust the Chairman of the Management Board of the company to perform all actions and sign all documents necessary to conclude the above-mentioned agreement for the supply of quartzite products with WENGA SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA (Poland). The market value of the subject of the agreement is EUR 2 million, at the NBU exchange rate as of September 2, 2024, it amounts to UAH 91 million 3.6 thousand,” the company said in a statement.
TGOK is a quartzite mining, processing and beneficiation company. It is the main supplier of raw materials for the production of ferroalloys, refractories and dynamite in Ukraine.
TGOK develops the Tovkachivska area of the Ovruch quartzite deposit located in Pershotravneve village using the open-pit method.
According to the second quarter of 2024, Navaro Development Limited owns 5.1898% of the company’s shares, Lucrino Investments Limited – 9%, Mantara Holdings Limited – 72.0629%, Duxton Holdings Limited (all Cyprus) – 12.1891%.The company’s authorized capital is UAH 1.6 million, the share price is UAH 2.25.

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Ukrainian Optima School enters Polish market

Optima School has received permission to conduct educational activities in Poland and will start teaching high school students (grades 10-11) at the beginning of the school year in September, Optima School director Olga Bilodid said at a press conference at Interfax-Ukraine.

“The Polish school will be enrolling high school students. It will start at the beginning of the school year. We have already realized what we dreamed of last year, and we intend to move to other EU countries,” Bilodid said.

Optima School founder Roberts Weishla noted that Optima will share its experience with other countries, positioning itself not only as an international school with universal content, but also creating local content that meets local curricula.

According to him, Optima has the capacity to serve up to 500 thousand students at a time.

Optima School was established and licensed in 2015. The school currently has 20 thousand students.

Source: https://www.youtube.com/watch?v=c47lKOfQ9GA

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“Ukrenergo” is working with Poland to increase electricity supplies to Ukraine in autumn and winter

NPC Ukrenergo, together with Poland, is working to increase the technical capabilities and volumes of electricity supplies to Ukraine in autumn and winter, said Volodymyr Kudrytskyi, Chairman of the Board of the NPC.
“We continue to work not only on repairs and development of protection, but also on finding solutions to attract more electricity to Ukraine from Europe. In particular, we are actively working with the Polish side to increase the technical capabilities and volume of electricity supplies to Ukraine in the fall and winter. We are working on options to compensate for the deficit caused by Russian attacks,” he wrote on his Facebook page on Friday evening.
Kudrytsky noted that he would provide more details when agreements are reached.
He also emphasized that Ukrenergo has not imposed any restrictions on electricity consumption for almost a week now, as there is enough electricity in the system to meet all needs.
Also, according to him, the dispatch center does not plan to cut power this weekend. “This is an important relief for all Ukrainians, but I have to remind you that we have no right to relax: the damage to the power system is significant, and we still face challenges. The heat above 30 degrees may still return, and then the situation in the power system may change. Please follow our messages and those of your regional power distribution companies,” emphasized the CEO.

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Poland and Ukraine sign security agreement

On the eve of the NATO summit in Washington, President of Ukraine Volodymyr Zelenskyy and Polish Prime Minister Donald Tusk signed a bilateral security agreement in Warsaw. “Those who are defending Ukraine today are also defending themselves,” Tusk said.

The President of Ukraine called the agreement “ambitious”. “It is able to protect the lives of our people and resist Russian evil,” Selenskyy said. The agreement provides for the development of a mechanism by which “Russian missiles and drones fired in the direction of Poland can be shot down in Ukrainian airspace.”

Zelenskyy arrived in Poland on the day of fierce Russian missile attacks on his country that killed at least 26 people. A major children’s hospital in Kyiv was damaged. “There are no words, no documents, no political statements that would be enough to condemn the aggressor,” Tusk said.

Poland, a member of the EU and NATO, is one of the staunchest political and military supporters of Ukraine under attack by Russia. It also serves as an important hub for Western military aid to Kyiv. Poland has also hosted nearly a million refugees from its neighboring country.

Ukraine has concluded security agreements with the EU and 19 individual states, including the United States, Japan, and Germany. They formalize the military and civilian support already provided and offer the prospect of further assistance for an initial period of ten years.

In the afternoon, Selensky will meet with his Polish counterpart, Andrzej Duda. The NATO summit on the occasion of the 75th anniversary of the defense alliance will be held in Washington from July 9 to 11. The heads of state and government of the alliance’s 32 member states are expected to discuss, among other things, further assistance to Ukraine. Zelenskyy is also invited to the meeting. With the airspace over Ukraine closed since the start of the war, Zelenskiy must use the land route through Poland for all foreign travel before he can continue his journey by plane from there.

Source: https://www.zeit.de/news/2024-07/08/polen-und-ukraine-unterzeichnen-sicherheitsabkommen

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Poland resumes passage of Ukrainian trucks

The border with Poland has resumed the passage of freight transport, the State Customs Service of Ukraine reports.

“In connection with the settlement by the Polish side of the issue of crossing the border by trucks with Ukrainian registration, the passage of trucks through checkpoints on the border with the Republic of Poland located in the area of Lviv Customs has been resumed,” the company said in a statement on its telegram channel.

As reported, truck traffic was suspended from 00:00 on July 1.

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Poland bans entry and exit of Ukrainian trucks without international transportation permits

Poland has suspended entry and exit permits for Ukrainian trucks that do not have international freight transportation permits.

This was reported by the State Customs Service of Ukraine on Telegram on Monday.

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