Section: Warsaw Business Journal (Poland)
Balczun steps down as the CEO of Ukrainian railway operator
Wojciech Balczun resigned from his post as the CEO of the state-owned railway operator Ukrzaliznytsia, citing personal reasons. “He made this decision personally, and I respect his decision. “Whatever may be said by anyone, throughout this year there have also been positive changes. I want to thank him for his work. I understand that he… This...
Pesa wins €50 mln tram contract with Kiev
Rolling stock producer Pesa signed a €50 million deal for the delivery of 40 low-floor trams to Kiev, Pesa said in a market filing. “This is a great pride for us, but also a confirmation of the good opinions of passengers and the carrier regarding our products. The trams delivered so far to Kyiv have… This content is for Silver 6 months, Gold 1...
Where is Poland’s Silicon Valley?
A software engineer comes up with a tech idea and develops it into a business. He/she makes a proof of concept, assembles a team with the necessary skillset and together they work towards monetizing the idea. They find a VC willing to provide them with financing, validate their prototype and then go to market. Once they grow their business...
Poland abstains in Ukrainian trade preferences vote
Agriculture ministers from EU Member States have voted to adopt the trade preferences for Ukraine, aimed at strengthening the country’s economy. Polish and Latvian representatives abstained from voting. Poland’s deputy agriculture minister Ryszard Zarudzki explained that Poland has reservations as to the competitive pressures the...
Poland to increase gas export capacity to Ukraine
State-owned gas infrastructure operator Gaz-System and Ukrainian Ukrtransgas will increase their transit capacity to Ukraine starting from September 1, the company said. The final offered capacity will be determined in accordance with the timeline resulting from the auction calendar. The Gaz-System’s throughput will be sold on its auction...
Ryanair cancels plans to fly to Ukraine
Irish low-cost airline Ryanair canceled plans to start flying to Ukraine, saying the main airport in Kiev had not honored terms agreed earlier this year. “Kiev airport has chosen to protect high fare airlines and deprive Ukrainian consumers/visitors access to Europe’s lowest air fares,” Ryanair said in a statement. According to the CEO of...
Kernel takes over Ukrainian assets worth $43.3 mln
WSE-listed Ukrainian edible oil producer Kernel acquired a farming company for $43.3 million, the company said in a market filing. “ The purchased entity leases 27.5k farmland, and has the capacity to store 170k metric tons of grain. It also has a positive net working capital (minus net debt) in excess of $4 million. The… This content is for...
EU to negotiate Nord Stream 2 pipeline with Russia
Thirteen EU members, including Poland, supported the European Commission request to negotiate with Russia about the Nord Stream 2 pipeline, despite Germany’s opposition. “We had 13 delegations intervening, with all of them being supportive of the Commission’s approach,” Commission Vice President Maros Sefcovic told Reuters. EU nations...
LOT joins AIRE
Polish, state-owned airline LOT has joined Brussels-based Airlines International Representation in Europe (AIRE) that will offer airlines a more effective representation, information and access to the European institutions. LOT joins Turkish Airlines, Ukraine International Airlines and the 16 members of the International Air Carrier Association...
Kernel with a $155 mln takeover
WSE-listed Ukrainian edible oil producer Kernel finalized a $155 million acquisition of an unnamed agricultural company from Ukraine. For that price tag, Kernel acquired 19k hectares of land and 200k metric tons capacity for grain storage. The asset also has $30 million surplus in cash. The transaction has been approved by the Ukrainian...
