PrJSC Carlsberg Ukraine, a producer of beer, non-alcoholic and alcoholic beverages, increased its production by 8% in 2024, which allowed it to increase its net income from sales by 15.5%.
According to a report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), Carlsberg Ukraine PJSC’s net financial result for 2024 increased by 19.38% and amounted to UAH 2.2 billion.
“The increase was due to revenue from the sale of all types of products, but mainly from the sale of non-alcoholic beverages (+49.6%) and cider (+33.6%),” the company explained, adding that 96.3% of the products manufactured were sold in Ukraine, with the remaining 3.7% exported.
PrJSC Carlsberg Ukraine continued its operations throughout 2024 and exported its products directly from Ukraine to more than 20 countries around the world. At the same time, the company used 100% Ukrainian barley to manufacture its products in order to support local farmers and the Ukrainian economy.
Currently, beer accounts for 86% of Carlsberg Ukraine’s production, cider for 1%, and non-alcoholic beverages for 13%.
According to the company, as a result of modernization and the launch of new lines, by the end of 2024, its market share by segment within the framework of innovations was as follows: alcoholic beer – 30%, non-alcoholic beer – 42.7%, kvass – 35%, cider – 55.8%, energy drinks – 6%.
PJSC Carlsberg Ukraine referred to data from the industry association Ukrpivo, according to which the company currently holds 33.3% of the market in the “alcoholic beer” category. The sales leaders in the group’s portfolio for 2024 were products under the Lvivske, S&R’s Garage, and Tuborg brands.
Somersby cider and Kvas Taras continue to occupy leading positions in their product categories.
According to the State Fiscal Service, Carlsberg Ukraine PJSC was included in the list of Ukraine’s largest taxpayers in 2024 and paid UAH 3.401 billion to the country’s budgets at all levels in the form of taxes and fees.
The company’s management emphasized that there is only one significant factor of uncertainty that could raise significant doubts about the company’s ability to continue its operations without interruption: a further significant escalation of military action, which could destabilize operations in Ukraine. In such a case, the Ukrainian representative office relies on the parent company having sufficient resources to continue its operations. At the same time, the Ukrainian division has promised to make every effort and take all possible measures to minimize any negative consequences.
According to data from Opendatabot, in 2024, Carlsberg Ukraine PJSC increased its revenue by 15.5% to UAH 12.488 billion, net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.
Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a large portfolio of beer and other beverage brands. Carlsberg Ukraine includes factories in Zaporizhia, Kyiv, and Lviv. Carlsberg’s portfolio in Ukraine includes beer, alcoholic and non-alcoholic beverages of such brands as Lvivske, Robert Doms, Baltika, Carlsberg, Tuborg, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, etc.
In July 2025, Express Insurance settled insurance claims under CASCO contracts in Bulgaria, Spain, Italy, Latvia, Moldova, Germany, Poland, Slovakia, France, and the Czech Republic.
According to the company’s website, the total amount of payments reached UAH 1.883 million.
It should be noted that in most cases, these were traffic accidents or damage caused by unlawful actions of third parties.
For example, a nighttime encounter with a wild moose while traveling between settlements in Poland resulted in damage to the hood, front bumper, right front door, mirror, windshield, and other elements of the front of the car. The company paid out UAH 1.1 million.
In addition, the company paid UAH 271,800 for damage to the windshields of customers traveling on the roads of Spain, Italy, Germany, and Poland caused by stones flying out from under the wheels of other cars.
While driving out of one of the streets in the old part of Barcelona, a customer accidentally hit a fence and a curb, damaging the front bumper, right rear fender, and plastic trim under the right sill. The CASCO payment amounted to over UAH 40,000.
Express Insurance was founded in 2008. It is part of the UkrAVTO group of companies. It specializes in car insurance. The consistently high speed of settlement of claims at the insurance company is ensured by optimal interaction with partner service stations.
Ukrainian sugar factories are capable of producing 2.2 million tons of sugar, but processors are currently unable to sell all their products, so they are maintaining production at 1.2-1.3 million tons. However, this can only happen if domestic consumption returns to pre-war levels and new export markets open up, said Yana Kavushevska, head of the National Association of Sugar Producers of Ukraine “Ukrtsukor.”
“If we have 30 factories that can produce sugar, probably 2.2 million, if we had markets where we could sell this sugar steadily and with some profit that satisfies producers, that would be quite good. This is what we can optimally grow and process. The optimal capacity of existing sugar factories is 2.2 million tons,” she said on Ukrainian Radio.
She noted that the main problem for sugar producers now is export markets, as the domestic market will not be able to absorb the entire volume of production.
“We really hope that the domestic market will recover to at least its pre-war level by 2022. That would be 1.2-1.3 million tons,” Kaushevska said.
The expert clarified that before the full-scale invasion, even after the loss of part of the territories in Donetsk, Luhansk regions, and Crimea, domestic sugar consumption in Ukraine amounted to 1.2-1.3 million tons. However, after the start of the full-scale invasion, domestic consumption fell to 900,000 tons. Thanks to the opening of the European market during the autonomous trade measures (2022-2024 – IF-U), sugar producers were able to supply 300,000 tons to Europe.
“We now have restrictions (on sugar supplies to the EU – IF-U), and accordingly, we need to decide where to send these 300,000 tons,” she said.
The head of Ukrtsukor stated that in 2025, Ukrainian farmers reduced the area under sugar beet cultivation to 220,000 hectares, which is 15.4% less than last year’s figures.
According to her, Ukrainian processors were very disappointed with the quotas for sugar supplies to the European Union, which were announced in the spring of 2025 and were planned at 67,000 tons. Currently, this volume has been increased to 107,000 tons of sugar, but in previous years, deliveries to the EU reached 473,000 tons.
The head of the industry association recalled that in 2024, the sugar industry showed record export figures – over 740,000 tons, thanks to which Ukraine received over $420 million.
Nova Poshta, Ukraine’s leading express delivery service from the Nova Group, has updated its delivery rules to the US due to Washington’s cancellation of the $800 duty-free threshold: the cost of delivery has increased by at least 10% due to the duty applied to goods from Ukraine.
According to a press release from Nova Poshta on Wednesday, if the sender is the payer, customs clearance services are included in the tariff, while if the recipient is the payer, they will have to pay, in addition to 10% of the cost of the shipment, customs brokerage services starting at $25 per shipment upon receipt.
It is noted that the recipient will be sent an email with a link to pay the customs duty and customs brokerage services. Delivery of the shipment will be carried out after payment, and the final amount of customs duty and customs brokerage services will be determined during customs clearance upon delivery in the United States.
The company emphasized that it is important to correctly indicate the country of origin of the goods in the shipment. The 10% duty rate applies only to goods produced in Ukraine. Rates may vary for goods from other countries.
It is also indicated that a technical solution has been developed for Nova Post API users to select the payer of customs duties for the United States.
On the eve of the announcement, Ihor Smelyansky, CEO of Ukrposhta, Nova Poshta’s main competitor, said that his company would also continue commercial mail deliveries to the US after the country introduced a 10% duty on shipments worth up to $800, and delivery rates to the US will increase by an average of $1.5-3.
According to the CEO of Ukrposhta, Ukrainian senders will have an advantage over competitors from most other countries, as the rate for Ukraine is the lowest at 10%, while for EU countries it is 15% and for Switzerland 39%. In addition, most European countries are pausing shipments to the US until the 10% duty collection procedure is settled.
DUTY, NOVA, NOVA POSHTA, USA
Antonov Logistics Salis GmbH, a subsidiary of Antonov State Enterprise,
created to service cargo air transportation under the NATO program, is starting construction of a hangar for aircraft maintenance at Leipzig Airport (LEJ) in Germany, which became the main base for Antonov Airlines after the full-scale aggression of the Russian Federation against Ukraine.
According to a Facebook post by Leipzig/Halle Airport, the building will cover an area of approximately 24,000 square meters. Preparatory work for construction is already underway, and completion is scheduled for 2027.
“We are very pleased with the construction of the new hangar. It is not only another milestone in our trusting cooperation with Antonov Logistics Salis GmbH, but also a symbol of the efficiency of our airport and an important impetus for LEJ as the second-largest air cargo hub in Germany,” the statement said.
Antonov Airlines was founded in 1989. According to its website, the airline’s fleet consists of one An-225 Mriya aircraft, seven An-124-100 Ruslan aircraft, one An-22 Antey aircraft, one An-26 aircraft, and one An-74T aircraft. According to Ukroboronprom, as a result of Russia’s hostile actions at the beginning of the invasion, the base (Antonov) in Gostomel was destroyed, the base in Svyatoshyn was damaged, and the An-26, An-74, and An-225 Mriya aircraft were destroyed. Another An-124 was also damaged, while five other An-124s were taken out of Ukraine.
In July 2025, Antonov completed the modernization of the An-124-100 Ruslan and transported it from Kyiv to Leipzig.
Relocation.com.ua has prepared an analysis of the Georgian residential real estate market in the first half of 2025: prices are rising, demand is leveling off, and rents are cooling down.
In June, 3,236 apartment deals were registered in Tbilisi, which is +11% y/y (−2% m/m) — the first noticeable rebound after the sluggish spring months, according to TBC Capital. The average asking price in the city is $1,266/m² (+6% y/y), and the average rental rate is $10.6/m² (−12% y/y).
In Tbilisi, 15,865 deals worth $1.2 billion (+2.6% y/y) were registered in the first five months of 2025, with the average price on the primary market in May at $1,331/m² and rent at $9.3/m².
As for Batumi, 7,129 transactions were registered in Batumi in the first half of 2025 (+4.8% y/y), with a total market volume of $397 million (+16.1% y/y). Weighted average prices: new buildings $1,184/m² (+16.1%), secondary market $1,169/m² (+20%).
According to Galt & Taggart’s assessment, sales growth continued in the second quarter in both the primary and secondary markets; rental rates in June were +1.6% y/y, and yields remain high compared to “pyramids.”
Earlier it was reported that the average gross rental yield in Batumi remains at around 8.8% (end of winter 2025).
Prices across the country: double-digit growth in annual terms
According to the Geostat housing price index, in Q1 2025, housing prices in Georgia were +11.53% y/y (in real terms, adjusted for inflation — +7.78%).
Against the backdrop of the high base of previous years, the issuance of permits in Tbilisi in 5M25 declined moderately (by area −1.1% y/y), and in May, 25 permits were issued for ≈203 thousand m² (−18.3% y/y). This is holding back supply growth and supporting prices in the primary segment.
After peaking in 2022–2023, rents in Tbilisi stabilized and fell to $9.3–10.6/m² in May, depending on the source and observation period. Gross yields in Tbilisi remain around ~8–11%, which is comparable to yields in resort locations.
Foreign buyers: activity continues, with Israelis playing a notable role
Government agencies do not usually publish official monthly breakdowns by nationality. However, a Galt & Taggart survey of systemic developers (covering ≈45% of the primary market in Tbilisi) found that buyers from Israel accounted for 11% of all sales in 5M25. Demand from local and “regional” buyers (Russia, Ukraine, Middle Eastern countries) is also significant, but the shares vary from project to project.
Analysts expect moderate, “healthy” growth while maintaining attractive returns in resort locations (Batumi) and a gradual recovery in demand in the capital as rates and incomes stabilize. External demand will remain selective (investment apartments and lots for short-term rent).
