The Cabinet of Ministers has announced a competition for candidates for the positions of independent members of the supervisory board of NAEK Energoatom, according to the Ministry of Economy, Environment, and Agriculture.
“The competition for candidates for the supervisory board of Energoatom announced today is unscheduled. On November 11, 2025, the Cabinet of Ministers terminated the powers of the supervisory board ahead of schedule. At the time of this decision, there were two independent members on the board, and the competitive selection of independent candidates for two more vacant positions was ongoing. The new competition will allow the positions that became vacant due to the early termination of the supervisory board to be filled,” the ministry said in a statement on its website.
The relevant order was adopted at a government meeting on Tuesday.
In addition, by protocol decision, the government instructed the Ministry of Economy to submit to the Committee for the Appointment of Heads of Enterprises of Particular Importance to the Economy proposals for candidates for state representatives to the Supervisory Board of Energoatom.
As noted on his Facebook page by the head of the Ministry of Economy, Alexei Sobolev, the ministry will soon submit to this Committee the candidacies of state representatives to form the full composition of the supervisory board of Energoatom.
Earlier, with reference to Prime Minister Yulia Sviridenko, it was reported that on Tuesday, November 18, the government decided to announce a competition for positions on the supervisory board of Naftogaz of Ukraine (four independent members – ER).
“The contracts of the current members expire in January. Accordingly, we are launching the competition now in order to approve the new composition of the supervisory body in a timely manner and ensure the continuity of its work. We expect the new composition of the Naftogaz supervisory board to be formed by January 20, 2026,” Sviridenko wrote on Telegram.
On August 15, 2025, the Cabinet of Ministers amended the charter of Energoatom, increasing the number of members of the supervisory board from five to seven. Before its dissolution on November 11, following the publicity surrounding the Midas case, the company’s supervisory board consisted of four people: its chairman, Jarek Niewierowicz, and deputy chairman, Michael Elliott Kirst, as well as state representatives Timofey Milovanov and Vitaly Petruk. The third independent member of the supervisory board, Timothy Stone, refused to sign the contract.
On September 15, the government announced a competition to select two independent members of the Energoatom supervisory board by order No. 983-r.
Ukrainian boxer Alexander Usyk has lost his undisputed world champion status after voluntarily relinquishing his WBO belt, the World Boxing Organization said in an official statement.
“The World Boxing Organization (WBO) has announced that it has received official notification from Alexander Usyk’s team regarding the future of the WBO heavyweight championship title. After careful consideration, Usyk has decided to relinquish the title,” the statement on social media platform X said.
WBO President Gustavo Olivieri called Usyk “the champion of champions” in his comment.
“The WBO expresses its deep respect, admiration, and gratitude to Alexander Usyk, the undefeated WBO world champion in two weight classes, who has earned and demonstrated all the rights, privileges, and honors associated with the title of WBO super champion. His career is one of the most outstanding and historic in the modern era of boxing,“ he said.
The WBO emphasized in its statement that the organization’s doors ”will always remain open.“
”We accept and respect his decision to relinquish the WBO heavyweight super champion title. This is not a farewell, but, as his team put it, a respectful pause. The doors of the WBO will always remain open to Alexander Usyk and his team,” the organization said.
Usyk still remains the champion in the WBA, WBC, and IBF categories.
The National Bank of Ukraine (NBU) last week increased the sale of dollars on the interbank market by $124.5m, or 21.6%, to $700.9m, according to statistics on the regulator’s website. According to the NBU, for the first four days of last week, the average daily negative balance of purchase and sale of foreign currency by legal entities increased to $71.3 million from $58.2 million for the same period a week earlier and totaled $285.3 million.
On the market of foreign exchange transactions of households, the negative balance, on the contrary, decreased to $33.4 million on Saturday-Thursday from $43.4 million the week before last, and all days the sale of non-cash currency exceeded its purchase.
The official hryvnia/dollar exchange rate, which started last week at UAH 41.9782/$1, weakened to UAH 42.0641/$1 in three days, but ended the week at UAH 42.0423/$1.
In the cash market, the dollar exchange rate over the past week changed over the trajectory of the official one, and in general, the dollar rose by about 12 kopecks during the week: buying – to UAH 41.86/$1, and selling – to UAH 42.23/$1.
Analysts of the multi-service FinTech platform KYT Group, which is a major player in the cash FX market, noted a gradual depreciation of the hryvnia, but under full control of the National Bank, which is helped by record international reserves and last week’s receipt of another EUR5.9 bln from the EU.
According to their forecast, short-term (1-2 weeks) the hryvnia will be in the base range of 41.8-42.5 UAH/$1 with likely gravitating towards the upper boundary of the forecast.
“Medium-term (2-3 months) – 42.0-42.9 UAH/$1. Now there is every reason to strengthen the dollar in the international market, where positive sentiment reigns because of the understandable easing policy from the Fed. But for Ukraine the main role will be played by such factors as the situation in the energy sector, further possible advances of the RF Armed Forces troops on the territory of the country and stability of financial aid receipts from partners”, – KYT Group believes.
Long-term (6+ months), the company maintains the forecast scenario of hryvnia devaluation. Subject to timely and rhythmic receipt of international aid, they cite as a benchmark range of 43.40-44.60 UAH/$1 until mid-2026, taking into account the current context of the military and political situation in Ukraine.
Source: https://bank.gov.ua/ua/markets
https://interfax.com.ua/news/projects/1120665.html
According to its 2024 results, Dnipropetrovsk Metallurgical Plant (DMZ) named after Comintern (DMZ Kominmet) reduced its net profit by 2.97 times compared to the previous year — to UAH 18.913 million from UAH 56.197 million.
According to the annual financial report available to the Interfax-Ukraine agency, net income for this period decreased by 13.1% to UAH 2 billion 896.250 million.
Undistributed profit at the end of 2024 amounted to UAH 115.316 million.
It is also noted that in the first quarter of 2025, the volume of production and sales amounted to 8-10 thousand tons per month.
DMZ Kominmet LLC was established on the basis of a plant built in 1899 as a Belgian joint-stock company by the Shoduar brothers for the production of roofing, corrugated steel, tableware, and blade steel. The company specializes in the production of steel pipes, metal coating, and consumer goods.
The average number of employees was 559.
According to the plant’s data at the end of 2024, Voskym Dom-2014 LLC (Dnipro) owns a 31.556% stake in the company, Grominal Ltd owns 21.11%, DW Holding Ltd – 23.77%, and Genersys Group Ltd (all three are based in Cyprus) – 23.564%.
According to the annual report, the ultimate beneficial owner (controller) of DMZ Kominmet LLC is Semen Tokarev, a natural person with a 31.556% stake.
The authorized capital of the LLC is UAH 25.5 million.
For the third time, the state-owned enterprise “Forests of Ukraine” held an exchange auction with the possibility of concluding forward contracts for the first half of 2026 for a period of six months at a fixed price for the purchase of forest products, as a result of which 100% of the volume put up for auction was contracted, the press service of the state-owned enterprise reported.
“Forests of Ukraine” recalled that it put up for auction 465 lots with a volume of 1.4 million cubic meters of forest products (35% of the planned volume of half-yearly timber harvesting for commercial sale) and informed market participants in advance about the volume and structure of the lots.
“Both firewood and roundwood were sold at 100% of the volumes put up for auction,” the statement said.
The company set the starting prices at the auction at the level of the starting prices for the fourth quarter of 2025, which turned out to be significantly lower than the current sales prices. The average selling price for commercial pine in the fourth quarter was UAH 5,900/cubic meter, while the starting price for forward trading was UAH 3,900/cubic meter. Industrial firewood (PV) from coniferous species was sold for UAH 2.3 thousand/cubic meter, while the starting price was UAH 1.3 thousand/cubic meter.
During the auction, commercial pine rose in price to UAH 6.2 thousand/cubic meter, and PV firewood from coniferous species rose to UAH 2.4 thousand/cubic meter. Compared to the general auction in the fourth quarter, beech rose the most in price, to almost UAH 7 thousand/cubic meter (+52%).
The State Enterprise “Forests of Ukraine” assured that it would ensure the delivery of all timber sold under forward contracts. As of November 17, the fulfillment of forward contracts for the second half of 2025 is 75% and corresponds to the planned indicator.
As for supplying firewood to energy companies, the state-owned enterprise is a regular participant in tender procedures for the purchase of wood for state customers in accordance with the Law “On Public Procurement.”
Lesy Ukrainy has attracted the attention of energy-generating enterprises, as foresters are ready to supply more than 1 million cubic meters of logging residues for their needs.
The state-owned enterprise added that more than 40% of the firewood has already been sold to the population and social facilities at fixed prices for the heating period.
The fleet of electric locomotives of JSC Ukrzaliznytsia is five times larger than the fleet of diesel locomotives, which makes them critically important and necessitates the purchase of electric locomotives, said the company’s CEO Oleksandr Pertsovskyi in a comment to journalists in connection with the purchase of 55 electric locomotives from French manufacturer Alstom.
“The basis of Ukrainian logistics, Ukrainian railways, as well as European railways, is electric traction. It is more efficient, it accounts for 80% of our volume, it is five times more than their fleet, and there is a critical need in this segment,” Pertsovsky emphasized, according to an Interfax-Ukraine correspondent.
According to him, the ratio of electrified and non-electrified networks of Ukrainian Railways is “about 50-50,” but 80% of cargo and passenger traffic passes through electrified sections.
Pertsovsky clarified that the cost of electric traction transportation is 4-5 times lower.
“It is absolutely critical for us to have a reliable fleet of electric locomotives in order to transport our cargo economically,” the head of the UZ board concluded.
It is noted that at the beginning of the project, the possibility of purchasing diesel locomotives was considered, but the international community and Ukraine, as part of it, decided to adhere to the principles of the Paris Declaration, avoiding new capital investments with a high environmental impact.
The chairman of the board acknowledged that in the current conditions, when there are risks of power outages, diesel locomotives are relevant, but for this purpose, the company is urgently restoring the diesel locomotives that it inherited in large numbers.
Separately, Pertsovsky reported that a group of engineers and machinists visited Azerbaijan, where similar locomotives from the French concern Alstom are in operation, to familiarize themselves with their operation and technical features.
As reported, the French company Alstom and Ukraine’s Ukrzaliznytsia signed a contract to supply 55 electric locomotives to Ukraine worth EUR473 million in 2027-2029. The first electric locomotive will arrive in Ukraine in the first quarter of 2027. This will be followed by certification and the necessary tests.
Ukrzaliznytsia emphasized that 37% of the project’s funding is non-repayable grant aid of approximately EUR 173 million from the URTF fund managed by the World Bank, while the rest is a preferential long-term loan from the EBRD for EUR 300 million.
