Ukrainian business

Industrial giant in front-line city ramps up production since start of year

Zaporizhstal, the steelmaking plant based in Zaporizhzhya and part of Rinat Akhmetov’s Metinvest Group, has increased output since the beginning of 2025, the company reported on May 2.

2 May 2025, 06:06 PM

Yaroslavskyi becomes co-owner of one of Ukraine’s largest online marketplaces

The DCH Group, owned by businessman Oleksandr Yaroslavskyi, has gained joint control of the parent company behind Kasta, one of Ukraine’s leading e-commerce platforms.

2 May 2025, 01:31 PM

Ukraine's shrinking bus demand and market dynamics explained

The war in Ukraine has significantly impacted the bus market, with production capabilities and demand structure changing drastically. Most purchases now rely on government programs or international donors, Mykyta Haidamakha, head of TEMSA at AUTO-REGION, writes in a column for NV Business on April 28.

29 April 2025, 02:15 PM

25,000 Ukrainians secure business grants worth billions - Economy Ministry

A total of 25,000 Ukrainians have already received grants worth 6 billion UAH ($150 million) through the Own Business (Vlasna Sprava) program to start or develop their businesses, Economy Ministry reported on April 28.

29 April 2025, 10:07 AM

Monobank’s Fintech Band shifts ownership via Cyprus firm

Cyprus-based Crestline Limited secured control of Monobank’s operator, Fintech Band, boosting stakes for co-founders Oleh Horokhovskyi and Mykhailo Rohalskyi, according to a decision of the Antimonopoly Committee of Ukraine on April 24.

25 April 2025, 04:05 PM

Top 10 Ukrainian logistics companies earn $6.25B in 2024, but only five post profit - Opendatabot

The ten largest transport and logistics companies in Ukraine earned a total of $6.25 billion in revenue in 2024 — 12% more than in 2023, but only five of them managed to profit, Opendatabot analytical portal wrote on April 21.

22 April 2025, 12:30 PM

Partner project

How Ukrainian businesses use innovation and exports to stay afloat during wartime

How are European partners helping Ukrainian businesses survive the war and build for long-term recovery and growth? Hanna Haiduchok of the EU4Business program and Tetiana Sakharuk of the UN Global Compact in Ukraine share their insights on April 17.

17 April 2025, 03:06 PM

Russia seizes $95M in alcohol assets from Ukrainian business owners labeled ‘extremists’

Russia’s Federal Bailiff Service has transferred control of alcohol industry assets belonging to Ukrainian entrepreneurs Nataliya Bondaryeva and Sviatoslav Nechytailo—both officially labeled as “extremists” by the Kremlin—according to The Moscow Times on April 10.

10 April 2025, 05:55 PM

Ukraine appoints ambassador to Norway after nearly three-year gap

President Volodymyr Zelenskyy has appointed businessman Oleksii Havrysh as Ukraine’s new Ambassador Extraordinary and Plenipotentiary to the Kingdom of Norway, Presidential Office wrote on April 7.

8 April 2025, 09:04 AM

Ukraine's Economy Ministry approves first 2025 grants for processing enterprises

Ukraine's Ministry of Economy has approved the first round of grants for processing enterprises in 2025, allocating 157.9 million hryvnias ($3.8 million) to 28 applicants, as part of the "Made in Ukraine" policy, the department’s press service reported on April 2.

2 April 2025, 03:18 PM

Pet food giant Kormotech eyeing growth in Ukraine, Romania

Kormotech, Ukraine’s top pet food manufacturer, is weighing options to boost its production capacity either in Ukraine or by setting up facilities in Romania, Chief Operating Officer Ihor Paranyak said in an interview with news agency Interfax-Ukraine on April 1.

1 April 2025, 07:06 PM

NovaPay’s new button enhances payment options for business

NovaPay, one of the major players in Ukraine’s fintech scene, has introduced the NovaPay Button, a new internet-acquiring tool allowing businesses to integrate secure, card-free payments, the company’s press service told NV Business on March 19.

19 March 2025, 12:42 PM

Zelenskyy’s initiative: Ukraine launches platform for business feedback

Ukrainian entrepreneurs can now evaluate government services through the Pulse analytical platform, with Artificial Intelligence to be used for analyzing responses, Ukraine’s Economy Ministry wrote on March 17.

18 March 2025, 12:14 PM

Ukrainian agribusiness to power operations with solar and gas

Ukrainian agribusiness KSG Agro will construct an energy complex in Dnipropetrovsk Oblast in 2025, incorporating a solar power station, an energy storage system, and a gas cogeneration unit, the company wrote on March 13.

17 March 2025, 01:30 PM

Ukraine’s trade deficit deepens as imports outpace exports

In January-February 2025, Ukraine imported goods worth $11.3 billion, while exports amounted to $6.3 billion, therefore resulting in a negative trade balance of $5 billion, the State Customs Service of Ukraine reported on March 10.

11 March 2025, 03:13 PM

Payment chaos: Mastercard glitch behind cashless payment issues in Ukraine

Ukrainian bank customers reported widespread issues with cashless payments on March 9, with Mastercard cardholders particularly affected.

9 March 2025, 04:14 PM

State firms dominate Ukraine’s top earners list

About 408,000 Ukrainian companies filed financial reports for 2024, with nine exceeding 100 billion hryvnias ($2.4 billion) in net revenue, per YouControl’s ranking of Ukraine’s top 10 firms by sales (though not all turned a profit), the company reported on Facebook on March 7.

8 March 2025, 01:48 PM

Ukrainian-made equipment powers new buckwheat processing plant in Estonia

Ukrainian engineering company Olis has launched a buckwheat processing plant in Estonia, featuring its Optimatyk H-24 grain processing system with a capacity of up to 24 tons per day, the company announced on Facebook on March 4.

5 March 2025, 04:07 PM

Ukraine’s oil giant Kernel boosts net profit 73%

Kernel, one of the world’s biggest sunflower oil producers, saw its net profit climb 73% from $102 million to $177 million in the first half of fiscal 2025 (July 2024-June 2025) compared to the same period last year, according to the company’s financial report.

3 March 2025, 02:44 PM

Kryvyi Rih mine ups capacity with new block

Sukha Balka, a Kryvyi Rih iron ore mine within Oleksandr Yaroslavsky’s DCH Group, has activated a new production block at its Frunze Mine, boasting reserves of 41,500 tons, news agency Interfax-Ukraine reported on Feb. 28.

1 March 2025, 07:44 PM

Ukrainian business

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