Business news from Ukraine

Business news from Ukraine

SJSC Ukraine announces tender for civil aviation risk insurance with budget of over UAH 32 mln

On May 16, Ukraine State Aviation Enterprise (Boryspil, Kyiv region) announced a tender for insurance of the liability of the operator of a commercial civil aircraft for damage caused to third parties and the liability of the air carrier for damage caused to passengers and baggage; aircraft insurance.

According to a posting in the Prozorro electronic public procurement system, the tender was announced for insurance of aircraft crew members, other aviation personnel and persons who have the right to be on board the aircraft legally without purchasing tickets. The expected value of the insurance procurement is UAH 32.32 million. The deadline for submitting bids is April 24.

Ukraine State Airline was established to organize, provide and perform air transportation by special flights of senior official delegations of Ukraine and other states within the country and abroad in compliance with the requirements and rules stipulated in the relevant regulatory documents.

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Tekhmash shareholders will receive UAH 16.7 thousand per share

By October 10, 2025, JSC “Production Enterprise ‘Tekhmash’ (Dnipro) will pay dividends to shareholders for 2024 totaling UAH 5 million from retained earnings.

According to the company’s announcement in the NSSMC disclosure system, the relevant decision was made on April 10 at the general remote shareholders’ meeting.

Dividends will be paid at the rate of UAH 16.667 thousand per share (par value UAH 8).

As reported, in 2023, the company also paid UAH 5 million in dividends from retained earnings.

According to the Clarity Project, last year the company made a net profit of UAH 2.83 million (compared to UAH 0.19 million in 2023), with net income increasing by 35% to UAH 223.4 million.

Retained earnings at the beginning of the year amounted to UAH 66.74 million (UAH 76.13 million a year earlier).

As of the fourth quarter of 2024, 61% of the authorized capital of Tekhmash is owned by its director Oleksandr Kolomoitsyn, and four other individuals own 28% of the shares in total. The authorized capital of the company is UAH 2.4 million.

The main specialization of OP Tekhmash is the installation of technological equipment, pipelines, manufacturing of conveyors (scraper, belt, screw), capacitive equipment, metal structures, and aspiration air ducts.

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“Ukrzaliznytsia” to sell 160 thousand tons of scrap metal

Ukrzaliznytsia JSC intends to put up for sale the first batches of scrap metal after a long suspension of auctions in the Prozorro system.

According to the press release, the company currently has about 160,000 tons of scrap metal ready for sale, which will be sold gradually and in separate lots.

It is noted that the railroad is currently working to ensure that the auction is held with maximum competition and number of participants, as well as successful results. To this end, the company is working in detail on each lot planned for sale and consulting with the market.

In particular, Ukrzaliznytsia held a meeting with more than 30 business representatives to discuss upcoming scrap metal auctions.

“We are actively preparing for the auctions, and all procedures have been improved. We have already switched to the updated DSTU in terms of the scrap sale procedure, as well as established a single cost for scrap loading and reduced the number of points of shipment,” said Yevhen Shramko, a member of the Board of Directors of Ukrzaliznytsia.

In addition, the parties discussed in detail payment for scrap purchase contracts, shipment terms and contract validity, and different lot sizes to meet the needs of customers.

Following the meeting, the participants agreed to exchange comments and suggestions as soon as possible to ensure the earliest possible start of the first scrap auctions on transparent, non-discriminatory and favorable terms.

As reported, after a two-year pause, Ukrzaliznytsia will put up scrap metal lots in the Prozorro. Sale in mid-May. In early April, the Cabinet of Ministers allowed Ukrzaliznytsia to independently decide on the disposal of property with a book value of less than UAH 500 million, so the company will be able to start selling scrap metal and gravel.

In September 2023, a government decree canceled the procedure for alienating Ukrzaliznytsia’s property by decision of the company’s board. The sale of property, including scrap metal, and lease of property had to be approved by the Cabinet of Ministers.

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Ukrainian ports reduced cargo transshipment by 17%

In January-March 2025, Ukrainian ports reduced the volume of cargo handled by 17.2% compared to the same period last year – to 23 million tons.

“In the first quarter of 2025, Ukrainian ports handled 23 million tons of cargo… For comparison, in the first quarter of 2024, Ukrainian ports handled 27.8 million tons of cargo, 4.8 million tons more than this year,” the state-owned Ukrainian Sea Ports Authority (USPA) said on Facebook on Wednesday.

“The decrease in cargo turnover is due to the reduction of farmland and a decline in production in export-oriented industries, in particular metallurgy, which exported up to 80% of its products before the war,” the USPA said.

It is noted that global cargo transshipment is also declining due to market volatility and logistics disruptions.

According to the report, the largest volumes of cargo were handled by the ports of Greater Odesa. Since the beginning of 2025, they have handled 20.7 million tons of cargo: Pivdennyi port – 10.6 million tons, Chornomorskyi port – 6.6 million tons, Odesskyi port – 3.5 million tons.

The ports of Izmail, Reni and Ust-Dunaisk in the Danube region handled over 2.3 million tons of cargo.

Despite the shelling and threats from the Russian army, the ports continue to operate steadily thanks to the coordinated work of port workers. The Armed Forces of Ukraine and the Navy of the Armed Forces of Ukraine ensure the safety of navigation, the USPA emphasized.

Earlier, Oleksiy Kuleba, Vice Prime Minister for the Restoration of Ukraine and Minister of Community and Territorial Development, said that as of April, 116 million tons of cargo had been transported through the Ukrainian sea corridor, including almost 73 million tons of grain. In early March, the Ministry of Development reported that 106 million tons of cargo had been transported through the Ukrainian sea corridor, including almost 70 million tons of grain.

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Report of US Department of Agriculture on forecasts for world corn production and trade in 2025

The U.S. Department of Agriculture (USDA) has released the April World Agricultural Supply and Demand Estimates (WASDE) report, which provides updated forecasts for wheat and corn production, consumption, trade, and stocks for the 2024/25 marketing year.

Corn: world market
– Production: the forecast is increased by 0.9 million tons to 1 215.1 million tons. Increased production in the EU (+1.3 mln tonnes to 59.3 mln tonnes) due to higher harvests in Poland, Croatia, France and Germany, partially offset by lower production in Romania and Bulgaria.
– Trade: Exports are revised upward by 2.3 million tons to 188.7 million tons, mainly due to higher exports from the United States (+2.5 million tons to 64.8 million tons).
– Stocks: World ending stocks are lowered by 1.3 million tons to 287.7 million tons, reflecting a decrease in US stocks and an increase in stocks in South Korea and Pakistan.

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Report of US Department of Agriculture on forecasts for wheat production and trade in world in 2025

The U.S. Department of Agriculture (USDA) has released its April World Agricultural Supply and Demand Estimates (WASDE) report, which provides updated forecasts for wheat and corn production, consumption, trade, and stocks for the 2024/25 marketing year.

Wheat: global trends
– Production: downwardly revised by 0.3 mln tons to 796.9 mln tons, mainly due to lower production in Saudi Arabia and the EU.
– Consumption: decreased by 1.4 mln tons to 805.2 mln tons, due to reduced food, seed and industrial use in India and China.
– Trade: exports forecast reduced by 1.3 million tons to 206.8 million tons. Exports are expected to decline for Russia (-1.0 million tons to 44.0 million tons), Australia (-0.5 million tons to 25.5 million tons), and the EU (-0.5 million tons to 26.5 million tons), partially offset by increased exports from Canada (+0.5 million tons to 26.5 million tons) and Ukraine (+0.5 million tons to 16.0 million tons).
– Inventories: global ending stocks increased by 0.6 million tons to 260.7 million tons, down 3% year-on-year and the lowest level since 2015/16 MY.

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