Business news from Ukraine

Business news from Ukraine

ArcelorMittal has enhanced safety and load capacity in its repair shop

The Kryvyi Rih Mining and Metallurgical Plant PJSC ArcelorMittal Kryvyi Rih (AMKR, Dnipropetrovsk region) has purchased and commissioned a new gantry crane in the repair shop (RC) of the mining department (MD).

According to information from the company in the corporate newspaper Metallurg, the use of the new crane has made the movement of goods safer.
It is specified that the crane replacement project was implemented as part of the work to achieve FPS corporate standards for occupational safety.

Lyubov Yevseyanko, lead engineer of the GD project implementation department, noted that such cranes are manufactured individually to meet the needs of those who will use them.

“First, together with experts from the repair shop, we specified what equipment they needed. Based on this, a drawing was made, describing the parameters of the future crane. Then we worked with companies that are capable of manufacturing such a crane with high quality, in accordance with standards and within a timeframe that would satisfy us. From several options, we chose the one that best met the criteria. Work began on the manufacture of the equipment,” she said.

Igor Maly, head of the RC GD, highly praised the work of the contractors who manufactured the crane and then participated in its installation and commissioning.

“Our workshop performs repairs and manufactures metal structures, spare parts, assemblies, and mechanisms. We really needed this crane. It replaced the old one, which was no longer safe to use. There was also an urgent need for more powerful equipment: the old crane had a lifting capacity of 5 tons, but recently we have been working more often with heavier products and materials,” explained the workshop manager.

He added that the contractor, the Kyiv Lifting and Transport Equipment Plant, manufactured the crane quickly, efficiently, and in accordance with the requirements. Along with the crane, the rail track on which it moves was also replaced.

ArcelorMittal Kryvyi Rih is the largest manufacturer of rolled steel in Ukraine. It specializes in the production of long products, in particular, rebar and wire rod. The enterprise has a full production cycle, and its production capacity is designed for an annual output of over 6 million tons of steel, more than 5 million tons of rolled products, and over 5.5 million tons of pig iron.

ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Beryslav.

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Admission to Louvre for Ukrainians and other non-EU citizens will increase by 45%

From the beginning of next year, the Louvre Museum in Paris will significantly increase the cost of admission tickets for most visitors from countries outside the European Union and the European Economic Area (EEA). This was reported by Euronews Serbia and the Serbian newspaper Politika, citing a decision by the museum’s board and BBC reports.

From 14 January 2026, tickets for tourists from countries outside the EU and the EEA (which, in addition to EU countries, includes Norway, Iceland and Liechtenstein) will increase in price from €22 to €32, i.e. by 45%.

The new rates will apply, in particular, to citizens of the United States, the United Kingdom, China, and all countries that are not members of the EU or the EEA – the countries of the Western Balkans (including Serbia, Montenegro, North Macedonia, Albania, Bosnia and Herzegovina), Ukraine, Russia, Turkey, the Middle East, Africa, Latin America and most of Asia.

According to the Louvre itself, the museum was visited by about 8.7 million people in 2024, of whom approximately 69% were foreign tourists; more than 10% of the flow was accounted for by US citizens, and about 6% by Chinese visitors. The French authorities and the museum’s management expect that the price increase for non-Europeans will bring in tens of millions of euros in additional revenue, which will be used to strengthen security and carry out a large-scale renovation of the building and exhibition spaces.

 

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Panacea-2025: summarising innovations, digital transformation and leadership

On 25 November 2025, the Ukrainian House hosted a gala ceremony to award the winners of the annual competition for professionals in the Ukrainian pharmaceutical industry, Panacea-2025, the main national event that recognises market leaders, innovations and industry achievements.

The ceremony was traditionally hosted by Timur Miroshnichenko, and the musical atmosphere of the evening was created by the band KADNAY.

The pharmaceutical industry in 2025: a year of courage, innovation and resilience

The awards ceremony brought together the leading companies, experts and innovators of the year.

In 2025, the Ukrainian pharmaceutical industry continues to operate in conditions of full-scale war and economic instability. Despite the pressure of circumstances, the market demonstrates a unique ability to adapt: companies invest in innovation, develop new approaches to products and services, implement digital solutions and support patient access to quality treatment.

This year’s ceremony was an evening of gratitude to all those who are making the Ukrainian healthcare system stronger and the pharmaceutical industry more competitive on a global level. Before announcing the winners, guests honoured the defenders of Ukraine with a minute of silence.

Winners of Panacea-2025

COMPANY OF THE YEAR

AI Excellence Award, Artificial Intelligence in Pharmacy

Winner: Roche

The company was recognised for its breakthrough in the application of artificial intelligence and the implementation of the project ‘Screening for diabetic retinopathy using AI’ — an innovation that gives patients access to fast and accurate diagnostics.

Investors in innovative treatment during wartime. International sponsors of clinical trials

Winner: MSD

The company was recognised for its continued support of clinical trials in Ukraine, increased investment in scientific programmes, and ensuring patients have access to modern treatments even during wartime.

PROJECT OF THE YEAR

Introduction of eCTD in Ukraine

Winner: State Expert Centre of the Ministry of Health of Ukraine

Ukraine has switched to the international format of registration dossiers eCTD, used by the EU, the US and leading regulators around the world, in record time. This step has already been recognised as one of the most important digital breakthroughs in Ukrainian pharmaceuticals.

EDUCATIONAL PROJECT OF THE YEAR

Polpharma Academy

The project was recognised for creating a modern interactive educational space for doctors with a focus on practice, professional support and uniting the medical community around knowledge and development.

DRUG OF THE YEAR — OVER-THE-COUNTER GROUP

2025 winners:

AMIKSIN IS, Interchem

PROKTOZAN NEO, STADA

LAFEROBION, STADA

NIKSAR, Berlin-Chemie Menarini

HILO-KOMOD, Sona Exim

These drugs have become reliable ‘first-line solutions’ for patients in 2025.

Dynamic leader in the low-cost segment

Winner: PULMOBRIZ, MOVIHealth

The drug was recognised for its high efficacy, affordability and significant contribution to the treatment of seasonal respiratory diseases.

Panacea-2025 was made possible thanks to the support of:

Analytical partners: IQVIA, SMD, Business Credit

Professional associations: AIMP, AVLU, APRAD, APAU, Association of Medical Device Market Operators, Pharmaceutical League of Ukraine, Ukrainian Association of Evidence-Based Healthcare

Legal partner: GelOn

Tourism partner: DinAdis

Media partners: Pharmaceutical Industry, Interfax-Ukraine

Organiser: Zdorovo production company

This year’s Panacea has once again proven that the Ukrainian pharmaceutical industry is not just holding its own during the war — it is growing, reforming and boldly implementing global standards.

Innovative solutions, educational projects, support for clinical research and modern approaches to treatment — all this is shaping a new, strong and competitive Ukrainian pharmaceutical industry.

The organisers of the competition thanked all partners and participants for their contribution to the development of the industry and invited the community to the Panacea-2026 ceremony.

Interfax-Ukraine is the information partner of the Panacea Award

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Restart of Presidential Office: Yermak resigns

Ukrainian President Volodymyr Zelensky announced a restart of the Presidential Office, and Andriy Yermak submitted his resignation as head of the Presidential Office.

“I want no one to have any questions about Ukraine. Therefore, today we have the following internal decisions. First. There will be a reboot of the Office of the President of Ukraine. The head of the Office, Andriy Yermak, has submitted his resignation,” Zelensky said in an evening address on Friday.

He thanked Yermak for always representing Ukraine’s position in the negotiation track exactly as it should be.

“It has always been a patriotic position. But I want there to be no rumors or speculation,” the president emphasized.

Earlier on Friday, the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO) reported conducting searches at Andriy Yermak’s residence.

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Kyiv presented innovations at MATELEC 2025 exhibition in Madrid

Kyiv enterprises, with the support of the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration, represented the capital of Ukraine at the MATELEC 2025 international exhibition of electrical engineering and electronics, which took place from November 18 to 20, 2025, in Madrid.

Ten Kyiv companies presented their developments at the “Made in Kyiv” stand:

  • Versia LLC
  • Elvatech LLC
  • NVF INIT LLC
  • Touch Systems Ukraine LLC
  • Ukrainian Technology Company PJSC
  • Promzvyazok PJSC
  • Inteltek Ukraine LLC (ITW Systems)
  • Spinor International LLC
  • NIK-Electronics LLC
  • NTZ Energozvyaz LLC

On November 18, the grand opening of the Made in Kyiv collective stand took place, bringing together leading companies from the capital and serving as a platform for demonstrating innovative solutions in the fields of electronics, energy, automation, and modern manufacturing.

The opening ceremony was attended by representatives of government and diplomatic institutions, including Oksana Skrypets, Minister-Counselor of the Embassy of Ukraine in Spain, Rada Ivanova, representative of the Madrid Chamber of Commerce, Volodymyr Kostikov, Director of the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration, and his deputy Anatoliy Bahan.

From the very first day of the exhibition, Kyiv-based companies began active negotiations with European partners, demonstrating the high technological level of their products and solutions. At the exhibition stand, companies presented their solutions and devices for measurement and control, software products for process management, telemetry and communication equipment, lighting and power supply systems.

Ukrainian-Spanish Business Forum: New Vectors of Partnership

On November 19, as part of Kyiv’s participation in MATELEC 2025, the Ukrainian-Spanish Business Forum was held, which became an important event for the development of bilateral economic cooperation. The forum brought together representatives of industry, energy, automation, and high technology from Ukraine and Spain, becoming an effective platform for B2B communications.

Among the participants and speakers at the forum were representatives of the Embassy of Ukraine in Spain, SERCOBE, the Ukrainian-Spanish Chamber of Commerce, Rotary Club Madrid, CEIM, and the Madrid Chamber of Commerce and Industry.

During the event, Deputy Director of the Department Anatoliy Bahan presented the catalog “Best Exporter of the Year 2025,” and a Memorandum of Cooperation was signed between the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration and Rotary Club Madrid International Passport, opening up new opportunities for international cooperation.

As a result of the forum, more than 70 individual business meetings were held, and the prospects for joint projects, distribution, and production cooperation were discussed.

“This forum was not just an event for us, but an important signal that Kyiv enterprises remain competitive in the European market. The dynamics of the negotiations and the sincere interest of Spanish partners in our engineering solutions are impressive. We see a real demand from Spanish businesses for cooperation with Kyiv, and this is the best evidence of the effectiveness of our work,” said Department Director Volodymyr Kostikov.

Overall, Spanish and European companies highly appreciated the innovation, engineering culture, and product quality of Kyiv enterprises, and Kyiv’s participation in the MATELEC 2025 exhibition was a striking example of effective international presence, demonstrating the capital’s investment attractiveness and the consistent development of the export potential of Kyiv businesses.

We are not only presenting our capabilities — we are building trust, forming partnerships, and opening the way to new markets for our enterprises. Participation in MATELEC 2025 confirms that Kyiv’s industry has powerful potential and is capable of competing at the European level,” summed up Volodymyr Kostikov.

Interfax-Ukraine is a media partner of the event.

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Unisteel reduced its losses in January-September to UAH 6.4 mln, compared to UAH 197 mln last year

The Unisteel plant (Kryvyi Rih, Dnipropetrovsk region), which produces galvanized cold-rolled flat products and is part of the Metinvest Group, incurred a net loss of UAH 6.389 million in January-September this year, compared to UAH 196.913 million in the same period last year.

According to the company’s interim report, which is available to the Interfax-Ukraine agency, its profit in the third quarter of 2025 amounted to UAH 37.532 million.

Revenue for this period increased by 0.3% to UAH 2 billion 653.726 million.

The uncovered loss at the end of September amounted to UAH 1 billion 46.731 million.

The LLC ended 2024 with a loss of UAH 363.768 million, while in 2023 this figure was UAH 255.057 million.

The main products manufactured by the plant are galvanized flat rolled products with a thickness of 0.40 mm to 2.50 mm, a width of 600 to 1250 mm, and a coating class (Zn) of 60-275 g/m². The volume of finished product sales in 2024 and 2023 amounted to 113,321 thousand tons and 72,500 thousand tons, respectively. In 2024, 37,917 thousand tons (32.46%) were exported and 75,404 thousand tons (66.54%) were sold on the domestic market.

In 2024, the company employed 144 people.

The Unistil plant, which produces cold-rolled galvanized flat products with a capacity of over 100 thousand tons per year, was built in 2007-2010. It is equipped with equipment from Dongbu Machinery Co., LTD (South Korea).

The authorized capital of Unistil LLC is UAH 6.01 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in European countries. The main shareholders of the holding company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

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