Business news from Ukraine

Business news from Ukraine

Ukraine increased imports to $45.9 bln

Imports of goods from Ukraine in January-July 2025 amounted to $45.9 billion in monetary terms, which is 17.4% more than in the same period of 2024, while exports grew by 2.7% from $22.6 billion to $23.2 billion, according to the State Customs Service (SCS).

“At the same time, taxable imports amounted to $34.7 billion, which is 76% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January-July 2025 was $0.52/kg,” according to a publication on the agency’s Telegram channel on Thursday.

Traditionally, the largest importers of goods to Ukraine were China ($9.9 billion), Poland ($4.4 billion), and Germany ($3.7 billion).
The largest exporters from Ukraine were Poland ($2.9 billion), Turkey ($1.9 billion), and Italy ($1.3 billion).

It is noted that in the total volume of goods imported in January-July 2025, 68% were machinery, equipment, and transport – $18 billion (during customs clearance, 112.7 billion hryvnia, or 29% of customs payments, were paid to the budget), chemical industry products – $7.3 billion (57 billion hryvnia, or 15%), fuel and energy – $5.9 billion (105.5 billion hryvnia, or 27%).

The top three most exported goods also remain unchanged: food products ($13 billion), metals and metal products ($2.6 billion), machinery, equipment, and transport ($2.2 billion).
During the seven months of customs clearance of goods subject to export duties, UAH 159.1 million was paid to the budget.

Yurmash will supply Energoatom with five buses worth UAH 23 mln

Yurmash (Kyiv), a company with foreign investment whose main specialization is the supply of foreign construction and road equipment, may supply five Euromash intercity buses (three of which are upgraded) to NAEK Energoatom for UAH 22.91 million, with an expected value of UAH 24.37 million.

According to a report in Prozorro, the company was the only participant in the tender for the purchase of buses, although the customer specified AR-TEMSA PRESTIJ SX buses (or equivalent) as the subject of the purchase.

Auto-Region, the exclusive distributor of Turkish Temsa buses in Ukraine, did not participate in the tender.
According to the documents provided, the Euromash B AC 6768 bus with improved equipment is 7.5 m long, designed for 29+1 seats with seat belts and a seat reclining system, equipped with a 2.97 L Euro 6 diesel engine.

In particular, the bus has an autonomous heater, air conditioning with individual deflectors for each row of seats on both sides.
Additional options, unlike the standard configuration, include USB sockets in the backrests of the front row seats, a microphone, an LSD TV, and a rear view camera.

A letter signed by the company’s CEO states that “the company will use only its own production facilities to manufacture the product,” while the localization certificate states that “the degree of localization is equal to or exceeds the degree of localization for the corresponding year” (in 2025, the law requires 25% localization), but the specific degree is not specified.

The company’s website and open sources do not provide information on the components used in Euromash buses.
Previously, the company offered Euromash (Dongfeng) pickups in tenders. The company is the official dealer of the Chinese Dongfeng in Ukraine.

The company’s website states that it was established in 2004 and is one of Ukraine’s leaders in the import, warranty, and post-warranty service of imported road construction and quarry equipment.
The company is the exclusive dealer of Hitachi construction equipment and an official dealer of BELL, Terex Finlay, Ammann, Furukawa, and Sullair.

According to opendatabot, the ultimate beneficiary of LLC with II “Yurmash” is entrepreneur Anna Pokotilova.

The company’s net income in 2024 increased 1.9 times compared to 2023, to UAH 507.6 million, with a net profit of UAH 3.6 million compared to UAH 0.9 million a year earlier. Before the war in 2021, the company’s revenue amounted to UAH 1.2 billion, and the number of employees was 457, compared to 162 the previous year.

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Today, railway service between Kyiv and Bucharest was launched in test mode

A direct railway service between Kyiv and Bucharest will be launched in test mode on Thursday, Ukrainian Foreign Minister Andriy Sybiga said.

“Direct rail service between Kyiv and Bucharest is launching today in test mode. Two special cars are leaving today for the Romanian capital via Chisinau and will return to Kyiv tomorrow,” he said during a statement to the media together with Romanian Foreign Minister Oana-Silvia Cioa.

 

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Investment REIT company Inzhur plans to merge five of its funds into one

Investment REIT company Inzhur plans to merge five of its funds into one—Inzhur REIT—and is considering investments in retail parks, according to the company’s Telegram channel. According to the report, Inzhur REIT will include the funds “1001,” “2001,” Inzhur Supermarket, “Inzhur Zhitny,” and Inzhur Ocean. At the same time, Inzhur Energy will remain a separate fund.

Inzhur REIT will be valid until May 20, 2045, with a nominal value of UAH 10 per certificate and a yield of 9.5% per annum in US dollars. The planned issue is UAH 10 billion. The company will convert the acquired certificates of existing funds at the net asset value into certificates of the combined fund.

“Inzhur’s strategic goal for the next three years is to teach one million Ukrainians to invest at the most comfortable price: the new combined fund will make this possible,” the company said.

The new fund is expected to invest in real estate, land plots, corporate rights of companies, construction of new facilities, corporate bonds, and domestic government bonds. At the same time, retail parks should become a new area of investment.

“Retail Park is a very popular European form of ‘everything in one place’ establishments. Along highways and on the outskirts of cities, with excellent parking, there are various stores united by the concept of a shopping area. Inzhur is already purchasing land for its first retail park in the Kyiv region, exploring options, and conducting negotiations,” the statement said.

As Inzhur founder Andriy Zhurzhiy told Interfax-Ukraine, plots of 1.5-3 hectares in the suburbs with high traffic of potential buyers are being considered for future retail parks.

In addition, Inzhur is already preparing to acquire an existing shopping and entertainment center west of Kyiv worth about $36 million: technical, legal, and financial audits are being conducted, and documents are being prepared to obtain permission for the acquisition from the Antimonopoly Committee. It is noted that the shopping and entertainment center generates 15% of net operating income annually.

The first Ukrainian service for joint real estate acquisition, Inzhur REIT (Real Estate Investment Trust), was launched in early 2022 before the war. As of August 7, six Inzhur REIT real estate funds managed assets worth UAH 3.56 billion, had 20,400 co-owners, and generated UAH 866.7 million in dividends.

The founder and investor of Inzhur is Andriy Zhurzhii, chairman of the supervisory board of the investment fund Zhurzhii Ventures. The fund owns the development company Smile Development (which built and sold more than 35 Silpo and Fora supermarkets to investors, as well as the Optimisto residential complex in the village of Hatne near Kyiv) and the asset management company Investment Partners, which manages assets worth UAH 45 billion in Ukraine and the European Union.

 

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Antimonopoly Committee of Ukraine has allowed German company to buy intermodal terminal in Zakarpattia

The Antimonopoly Committee of Ukraine (AMCU) has allowed German logistics company Hamburger Hafen und Logistik AG (HHLA) to buy the intermodal terminal of Eurobridge Intermodal Terminal LLC, located in Batyevo, Zakarpattia region. The relevant permission was published on the AMCU website on August 7.

As previously reported, the new terminal will operate under the name HHLA Eurobridge Batiovo as a joint venture between HHLA International GmbH and Ukrainian investment company Fortior Capital LLC. HHLA will acquire a controlling stake and, together with its subsidiary METRANS, will continue to develop the terminal.

It is noted that the HHLA Eurobridge Batiovo terminal is located near the border with the EU at the intersection of several international railway corridors, in particular, Ukraine, Hungary, and Slovakia. Thanks to its access to standard (1,435 mm) and broad (1,520 mm) gauge tracks, the terminal is a good solution for connecting European and Ukrainian logistics networks.

The owner of the Fortior Capital group and beneficiary of the Fortior Finance venture funds, Fortior 207, and Intermodal Terminal Evrobridge LLC is Nikolai Nesterenko, former director of new business development at SCM, who in 2021 bought out Fortior Capital’s stake from his partner Alexander Kamyshin, who was then appointed head of Ukrzaliznytsia.

 

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Turkish agency TİKA donated medical equipment for examining children in Artek

The Turkish Cooperation and Coordination Agency (TİKA) donated medical equipment for comprehensive diagnosis and examination of children to the Artek International Children’s Center (Kyiv region). According to the TİKA press service, the delivery includes equipment for dentist, ophthalmologist, and otolaryngologist offices, as well as laboratory analysis. The aid is aimed at expanding diagnostic capabilities for children, including those from socially vulnerable groups and rural areas.

According to Turkish Ambassador to Ukraine Mustafa Levent Bilgen, the Artek initiative is an important humanitarian project, and Turkey, as a friendly country, is pleased to contribute to providing medical care for children.

“Such comprehensive examination opportunities can become the basis for further treatment of children within the state healthcare system,” the diplomat said.

TİKA Program Coordinator in Ukraine Yahya Kemal Tunca noted that this is not the agency’s first initiative based at Artek.

Previously, projects in the field of education have been implemented. According to him, the new direction will allow more children to access quality medical services.

On the Ukrainian side, Deputy Minister of Health Yevhen Gonchar took part in the handover of the equipment. He thanked the Turkish side for its support and stressed the importance of such projects in the context of the war.

Currently, Artek annually receives about 11,000 children from disadvantaged groups from all regions of Ukraine for health improvement and recreation.

The Turkish Cooperation and Coordination Agency (TİKA) is a state agency under the Vice President of Turkey. It implements international technical and humanitarian assistance projects. The agency has been operating in Ukraine since 1997, implementing dozens of social, educational, and medical initiatives.

 

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