Business news from Ukraine

Business news from Ukraine

POLAND WILL OFFER UKRAINE TO JOIN INTERNATIONAL ENERGY AGENCY

Warsaw intends to propose Ukraine for entry into the International Energy Agency (IEA) at the organization’s next meeting in Paris, Polish Minister of Climate and Environment Anna Moskwa said in an interview with BiznesAlert.
“Poland wants to represent Ukraine to the International Energy Agency at the next meeting in Paris. To begin with, we would like to announce it as an observer. We already have the support of the head of the IEA,” she said.
She noted that Poland is currently negotiating the import of electricity from Ukraine.
The minister also said that the republic continues to supply oil products to Ukraine, but already on a commercial basis.
“At the beginning of the war and after the bombing of the refinery, we sent fuel free of charge. At present, these are commercial deliveries of Orlen, which require large logistics costs,” the minister said.
The IEA was created by the OECD (Organization for Economic Co-operation and Development) countries in 1974 to help coordinate a collective response to severe oil supply disruptions.
The participating states are the United States, UK, Australia, Austria, Japan, South Korea, Belgium, Canada, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Mexico, New Zealand, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, the Netherlands, Turkey. The associate members of the IEA are Argentina, Brazil, China, Egypt, India, Indonesia, Morocco, Singapore, South Africa, Thailand.

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POLAND IS READY TO ACT AS GUARANTOR OF SECURITY FOR UKRAINE AFTER THE WAR

President of Poland Andrzej Duda confirmed his country’s readiness to act as one of the security guarantors for Ukraine.
Ukrainian President Volodymyr Zelensky was already interested in Poland’s potential agreement, Duda said in an interview with CNN.
“We believe that, as neighbors, we simply have to. Therefore, if Ukraine offers us to be the guarantor of security and the guarantor of peace when the war is over, and if such terms of the peace treaty are accepted, yes, Poland will participate in this,” he said.

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ESTONIAN COMPANY BOUGHT AN IT COMPANY WITH OFFICES IN UKRAINE AND POLAND

Estonian company Nortal, which is engaged in strategic consulting and technology implementation, has bought the Skelia IT company along with its offices in Eastern Europe, Dragon Capital said in a press release.
“Skelia has established itself as an international leader in building dedicated technology teams in areas where customers want to remain in control of the development process while experiencing the stability of a premium team and quality of service. Their strong presence in western Ukraine and Poland will provide Nortal with an excellent platform for growth. Together, we can further expand our business across geographies and time zones while strengthening our offering and serving customers across the full spectrum of their needs,” Nortal CEO and Founder Priit Alamäe was quoted as saying.
As noted, the companies will focus on creating new synergies and value for customers, as well as creating additional opportunities for Skelia employees in Poland and Ukraine, which will now become part of Nortal.
“By joining forces, Nortal and Skelia will leverage each other’s complementary and individual strengths, as well as provide new career opportunities for our global combined team of more than 1,700 people. Nortal brings us a wealth of experience in building end-to-end solutions and products. This greatly complements Skelia’s longstanding business of building over 200 sustainable cross-border IT and engineering organizations for leading companies in Europe, the UK, the Nordics and the US,” Skelia CEO and co-founder Patrick Vandewalle was quoted as saying.
The amount of the agreement is not reported.
Skelia was founded in 2008 and currently employs over 350 people, primarily in Ukraine and Poland. Skelia serves clients in 10 countries and operates through a network of offices in the Benelux countries, Poland, Ukraine and the USA.
Nortal was founded in 2000. The company has more than 1.4 thousand employees and has 20 offices in Europe, the USA and the Middle East.
Dragon Capital acted as an advisor to Nortal on this deal. Oaklins Sweden acted as an advisor to Skelia.

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UKRAINE EXPECTS START OF PETROL SUPPLIES FROM POLAND’S STATE RESERVE

From day to day Ukraine expects deliveries of gasoline from the state reserve of Poland, which were supposed to cover a quarter of consumption in May.
This was announced by First Deputy Minister of Economy of Ukraine Denys Kudin during the talk show “Ukrainian Petroleum Products Market: Temporary Crisis or Large-Scale Collapse?” organized by the Energy Club on Monday.
According to him, unlike diesel fuel, the volumes of gasoline imports into the country currently do not cover the volumes of its consumption.
“And here we are counting on the help of our European partners, in particular, the Polish state reserve, which promised to give us approximately a quarter of the consumption in May. We are expecting this supply from day to day,” Kudin said.
At the same time, according to him, the volume of imports of diesel fuel to Ukraine is currently 20% higher than the volume of its consumption.
“This is enough for the buyer, after standing in line, to be able to fill his tank, albeit with restrictions, but 20 liters, but not enough to remove the queue,” the first deputy economy minister said.
In his opinion, the reason for the preservation of queues at gas stations for buyers of diesel fuel is its low stocks from operators – 3-5 days of sale instead of the previous 15-20 days. At the same time, individual operators do work “from the wheels.”
Nevertheless, as the First Deputy Minister emphasized, in the first half of May, at a meeting with European partners on providing Ukraine with fuel, decisions were made that give Kyiv the opportunity to look to the future with optimism.
“However, you need to understand: the war continues, the enemy is systematically destroying our infrastructure … The enemy is destroying the railway, so we all need to be patient and gradually rebuild our consumption,” Kudin said.
According to the Ministry of Economy, Russian aggressors have destroyed 27 oil depots in Ukraine since the beginning of the war.
As reported, according to the updated forecast of the Ministry of Economy, consumption of 300,000 tonnes of diesel and 120,000 tonnes of gasoline is expected in May. The ministry noted that such a volume of imports has already been contracted by Ukrainian chains.

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DTEK DELIVERS 50,000 TONNES OF COAL TO POLAND – TOP MANAGER

After the first test deliveries of coal to Poland in the amount of 50,000 tonnes, DTEK Energy Holding is considering the possibility of ensuring regular export of energy resources, taking into account the problems of logistics in the conditions of war, Dmytro Sakharuk, the Executive Director of DTEK, said.
“We made the first test shipments of coal to Poland. This is a small amount – 50,000 tonnes. Unfortunately, there are very big difficulties in terms of logistics, because the railway infrastructure in both Ukraine and Poland is not designed for such a volume of movement of goods. As well as ports in Poland – Gdansk and Gdynia. Therefore, there are test deliveries, but there no large volumes, as it could be done via the sea, Pivdenny port, for example,” Sakharuk said in a commentary to the Energy Reform portal.
At the same time, he assured that the company is considering the possibilities and continues to work out ways to supply coal to Poland.
“Coal from other sources is critical for Poland to replace the volume of deliveries from Russia that were banned. It would be very good if Ukraine would lend a shoulder to Poland, which helps us a lot and would help the Poles survive the rejection of Russian coal,” he said.
According to his calculations, in times of seasonal coal surplus, the energy holding could ship approximately 100,000-150,000 tonnes per month to Poland – the volume that remains after providing its thermal power plants and other consumers.
“This will not ensure full diversification of supplies, but it will be our contribution to the fact that our Polish friends will receive assistance. It is suitable in terms of quality. You just need to learn how to quickly and smoothly deliver it to Poland,” DTEK’s top manager emphasized.
At the same time, he drew attention to the fact that the supply of coal from Ukraine by rail is a faster and more economical alternative for the Poles compared to sea supplies.

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POLAND HANDS OVER 20 WAGONS WITH ELECTRICAL EQUIPMENT TO UKRAINE

Polish companies, with the assistance of the Polish Power Transmission and Distribution Association, handed over 20 wagons with electrical equipment to Ukrainian power engineers, the Ministry of Energy of Ukraine reported on its website on Thursday.
“Electrical equipment, power transmission towers, transformers, generators, power cables transferred by Polish companies with the assistance of the Polish Electricity Transmission and Distribution Association were transferred to seven regions of Ukraine,” the ministry said in the report.
According to the ministry, the first two batches of aid from Polish companies have already been distributed and transferred to distribution system operators in Kyiv, Odesa, Zaporizhia, Luhansk, Chernihiv, Mykolaiv, and Sumy regions. The third batch is awaiting distribution and transfer to the regions.
“We are very grateful to our Polish colleagues for their help in restoring the power infrastructure destroyed due to Russia’s military aggression against Ukraine. The equipment received, first of all, will be aimed at restoring power grids and power facilities, which were most damaged due to hostilities,” Energy Minister Herman Haluschenko said.
As the Ministry of Energy said, in total, assistance from Polish companies amounted to more than 12,500 units of equipment, including line fittings, power transformers, backup power generators, more than 400 reinforced concrete poles for power transmission lines, as well as more than 65 km and 7.3 tonnes of power cable and wires.

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