In 2024, PJSC Tovkach Mining and Processing Plant (TGZK, Pershotravneve, Zhytomyr region) received a net profit of UAH 1.260 million, compared to a loss of UAH 794,000 in 2023.
According to the annual report, TGZK’s net income in 2024 decreased by 50.7% compared to the previous year, to UAH 91.104 million.
Undistributed profit at the end of 2024 amounted to UAH 456.710 million.
As reported, TGZK received a profit of UAH 78 million 175,767 thousand in 2020, UAH 44 million 223,637 thousand in 2021, and UAH 14 million 659,029 thousand in 2022. The company ended 2023 with a net loss of UAH 794,133 thousand.
TGZK is a company engaged in the extraction, processing, and enrichment of quartzite. It is the main supplier of raw materials for the production of ferroalloys, refractories, and dinas in Ukraine.
TGZK is developing the Tovkachivska section of the Ovruch quartzite deposit in the town of Pershotravneve using open-pit mining methods.
According to the NDU data for the first quarter of 2025, Navaro Development Limited owns 5.1898% of the shares of the private joint-stock company, Lucrino Investments Limited owns 9%, Mantara Holdings Limited owns 72.0629%, and Duxton Holdings Limited (all based in Cyprus) owns 12.1891%.
The company’s authorized capital is UAH 1.6 million, and the nominal value of a share is UAH 2.25.
Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, reduced its net profit by 2.9% compared to the same period last year, to UAH 11.727 million, according to the results for January-September of this year.
According to the company’s interim report, net income for the period increased by 7.5% to UAH 2 billion 607.402 million.
At the same time, the company’s undistributed profit at the end of September amounted to UAH 274.763 million.
As reported, in 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net income increased by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s undistributed profit at the end of 2024 amounted to UAH 263.048 million.
According to the results of 2023, Dniprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Over the past year, net income increased by 8.2% to UAH 2 billion 677.836 million.
Dniprometiz reduced its net profit sixfold in 2022 compared to the previous year, to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
Dniprometiz-TAS manufactures metal products from low-carbon steels. The company’s capacity is 120,000 tons of products per year.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.
The authorized capital of Dniprometiz-TAS LLC is UAH 83.480 million.
JSC Ukrenergomashiny (Kharkiv) ended January-September of this year with net sales revenue of UAH 914 million, which is 48.4% more than in the same period of 2024.
According to the company’s financial report in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net profit increased by 61.5% to UAH 0.95 million.
The company received UAH 17.8 million in operating profit (UAH 15.5 million last year), and gross profit more than doubled last year’s figure, amounting to UAH 278.6 million.
As reported, in the first half of this year, Ukrenergomash’s net profit amounted to UAH 0.49 million, while in the same period last year it was UAH 20.81 million, and net income decreased by 3.4% to UAH 469.
Thus, in the third quarter, the plant received UAH 0.46 million in net profit, while in July-September 2024, the loss amounted to UAH 20.2 million, and net income increased 3.4 times to UAH 445.2 million.
The company notes that in the third quarter, in particular, it shipped equipment for the Aksu TPP (Kazakhstan), sets of power equipment for the Zmiiv TPP, Burshtyn TPP, Darnytsia TPP, Zaporizhstal CHP, sets of turbine equipment for the Nizhnednistrovskaya HPP, and the Teri HPP (India).
Fifty-two traction electric motors were delivered to the tram car manufacturer Tatra-Yug, and three traction units were delivered to MTRZ LLC.
Ukrenergomashyna JSC names foreign companies as its main competitors, in particular, Andritz (Austria), Voith (Germany), General Electric (USA), and Bharat Heavy Electric Ltd. (India). Competition in the domestic and foreign markets is high.
The value of concluded but not yet executed agreements (contracts) as of the end of the third quarter of 2025 is almost UAH 7.7 billion (excluding VAT), and the total amount of payments remaining to be paid under these contracts is UAH 2.78 billion.
JSC Ukrenergomashiny, more than 75.22% of whose shares are owned by the state, is the only manufacturer of turbine equipment for hydro, thermal, and nuclear power plants in Ukraine. It also produces electric motors for rail and urban transport.
In 2024, it more than doubled its net income to almost UAH 799 million and received UAH 0.88 million in net profit compared to UAH 0.2 million in 2023.
As of October 1, 2025, the average number of full-time employees was 2,640 (2,740 at the beginning of the year).
The shareholders of Kyivmiskbud Holding Company PJSC plan to initiate a preventive restructuring procedure and develop a corresponding plan of measures and conditions for debt repayment, according to the agenda of the general meeting of shareholders.
According to the PJSC’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), a remote general meeting of shareholders is scheduled for November 15.
“To initiate the procedure for the preventive restructuring of the private joint-stock company Holding Company Kyivmiskbud in accordance with the procedure established by the Code of Ukraine on Bankruptcy Procedures,” is stated in the draft decision of the shareholders on the agenda.
In addition, it is planned to authorize the acting chair of the board of Kyivmiskbud, Svetlana Samsonova, to take all necessary actions related to the restructuring process, including negotiations with creditors and approval of a debt repayment plan, as well as the submission of a corresponding application to open proceedings in court.
As reported, Kyivmiskbud has 24 construction sites on its balance sheet, where more than 120 residential buildings of varying degrees of completion have been built. The total area of unfinished construction exceeds 548,000 square meters.
In October 2024, the Kyiv City Council supported the decision to increase the authorized capital of PJSC HC Kyivmiskbud to stabilize the company’s financial position through an additional issue and acquisition of shares worth up to UAH 2.56 billion. The placement of shares will last from October 1 to November 28, 2025.
HC Kyivmiskbud was established on the basis of the assets of the state-owned municipal construction corporation Kyivmiskbud in 1994 by combining controlling stakes in 28 enterprises and other assets in its authorized capital. It comprises 40 joint-stock companies in which the company owns shares, as well as six subsidiaries and 51 enterprises with associate member rights.
According to the National Securities and Stock Market Commission, the main shareholder of PJSC Kyivmiskbud is the Kyiv City Council (80%).
According to Serbian Economist, Chinese automaker Chery is discussing with the Serbian government the possibility of opening a production plant in Serbia. In Shanghai, Serbian Deputy Prime Minister and Economy Minister Adriana Mesarovic held talks with Chery Chairman Yin Tongyue, the parties discussed the conditions of potential localization and further steps, Serbian publication Telegraf reported, citing Mesarovic’s statement.
According to the minister, Serbia’s status as a “gateway to Europe” and the free trade agreement with China create additional opportunities for investors, including access to a number of trade agreements when localizing more than 51% of the value added of products. Mesarovic also said that she expects Chery’s head to visit Belgrade to continue negotiations.
Specific parameters of the investment project, terms and location were not disclosed.
In 2025, Serbia has already announced a project for the construction of an electric car plant of Chinese JMEV in Sremska Mitrovica with export orientation to the EU market. Against the backdrop of the expanding presence of Chinese carmakers in the region, Chery is developing its European sales network and localization initiatives in parallel.
https://t.me/relocationrs/1699
As reported by the Serbian Economist, the Government of Montenegro at a meeting of the Council of National Security approved a package of measures to tighten migration policy, including a proposal to fix in the Law on Foreigners the minimum value of real estate € 200 thousand as a basis for granting temporary residence. This is stated in the official message of the Cabinet of Ministers.
Among other decisions of the Council is the instruction to the Ministry of Foreign Affairs to prepare amendments to the decree on visa regime, which will reduce the period of visa-free stay for citizens of countries not aligned with the EU visa policy from 90 to 30 days. The Council also ordered that data on dormant and inactive foreign-owned companies be handed over to the police for verification and possible revocation of previously issued residence permits.
The government notes that the “company for the sake of a residence permit” ground is planned to be replaced by the requirement of full employment with a registered employer or an established company. At the same time, local media specify that the Parliament has introduced amendments, according to which the extension of residence permit for the founder of the company will be possible if there are at least three full-time employees, of which at least one Montenegrin citizen, and the extension of residence permit for real estate will depend on its value and size. These norms are to be detailed in bylaws.
Podgorica emphasizes that the measures are aimed at aligning the rules with EU approaches and strengthening control over migration flows. The final changes will require the adoption of amendments to the law and bylaws.
https://t.me/relocationrs/1698
