Business news from Ukraine

Business news from Ukraine

Bitcoin breaks records amid groundbreaking news from US

The price of bitcoin hit a new all-time high on Wednesday thanks to increased risk appetite among investors and steady demand from institutional investors.

The value of this cryptocurrency rose to a record high of $112,022 during the previous session, but fell 0.5% to $111,185 at 10:11 a.m. on Thursday.

Bitcoin is supported by the favorable policy of US President Donald Trump’s administration towards cryptocurrencies.

In addition, Trump Media & Technology Group, the parent company of Trump’s social network Truth Social, wants to launch a cryptocurrency ETF that will, among other things, invest in Bitcoin.

“Bitcoin is the only asset I know of that becomes less risky as it grows in size,” Reuters quoted Anthony Pompliano, head of Professional Capital Management, as saying.

Since the beginning of the year, the price of Bitcoin has risen by 19%, and in the last 12 months, it has almost doubled.

European quotas stimulated exports and prices for oil from Ukraine

The introduction of quotas on Ukrainian oil imports by the European Union in mid-June led to an increase in domestic prices for the product, industry analytical agency Infagro reported on Wednesday.

“In the first two weeks of the quotas, Ukrainian suppliers have already used about 25% of the allocated volume, and demand from European buyers remains high due to the price difference,” analysts said.

They noted that dumping in the trade of Ukrainian butter is causing discontent among Polish producers, which could negatively affect negotiations on further expansion of trade privileges for Ukraine. The European Commission is already taking these signals into account, the report said.

According to experts, preliminary estimates show that despite a pause in exports at the beginning of the month, significantly more of this product was exported from Ukraine in June than in the first quarter on average. The main driver was high export prices: in the EU — $7,300–7,500/ton (FCA), in Moldova — at least $7,000/ton.

At the same time, in the second half of June, domestic prices for oil continued to rise.

“Despite the decline in production compared to May, oil production in July is expected to be significantly higher than last year,” Infagro predicts.

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Businessman Vyacheslav Mishalov considers Ukrainian real estate to be overvalued

Businessman Vyacheslav Mishalov, who has significant assets in several sectors, mainly concentrated in the Dnipro region, is refraining from investing in Ukrainian real estate until values in this market are reassessed, he said in an interview with the Interfax-Ukraine news agency.

“I am not a fan of construction or the construction business because real estate prices in Ukraine are not high enough to make it a good business. Accordingly, you either have to build poorly or sell at high prices. I don’t like this format,” he said.

Mishalov added that he does not see much success among the few developers who are trying to build high-quality properties and sell them at high prices.

“There are no new construction projects, and I don’t think there will be any in the near future. While there is still some movement in Kyiv, in Dnipro I see several developers just finishing construction and fulfilling their obligations. With that level of cost, it is not interesting to me as an investor,” the businessman said.

According to his assessment, there was a surge in western Ukraine, but it was very short-lived: those who managed to get out of there with their money were lucky, while the rest will remain there with significant losses.

“I live in Dnipro, which has been hit hard throughout the war, but I have no intention of buying real estate in western Ukraine. For many reasons. I believe that it is overvalued today. And as soon as there is some prospect of stability, it will turn to rubble. So it’s not an asset, it’s some kind of psychopathy,” Mishalov believes.

According to him, it probably makes sense to invest money in some real estate in western Ukraine if you plan to move there. “But there is no quality real estate there, and there are no plans to build any, because everyone was chasing hype and speed — to get money from potential clients as quickly as possible. It’s not quality construction,” he added.

The investor noted that when he was choosing where to buy an apartment in Dnipro and Kyiv, there were literally only a few buildings that were well-designed and built.

“There needs to be a major revaluation of values in the real estate sector. Construction must begin in accordance with existing building codes,” Mishalov emphasized.

At the same time, he said that he has a project to restore the facade of a historic building in the center of Kyiv, on which he wants to spend “tens of millions of hryvnias.” According to the businessman, he was “in a good mood” after talking with the first deputy head of the State Architectural and Construction Inspection, Iryna Gioane, who on her own initiative welcomed the company’s initiative.

“We have been given permission to restore the building. We will try to finish everything beautifully by late autumn—restoring it as it was designed 100 years ago,” Mishalov said.

He added that the company had been trying to obtain this permit for a year and a half, even though there is little demand for restorers in the country, with only two teams remaining: one in Kyiv and one in Odesa.

He also clarified that his businesses operate separately from those of his father, Dmitry Mishalov, also a well-known Dnipro businessman and developer (Master Group).

As the businessman said in an interview, all his assets are already quite well structured and managed through the closed non-diversified venture corporate investment fund Fortress.

Mishalov’s investments include the financial company Ye Groshi, the provider Fregat, the Lotus network of four gas stations in Dnipro and Novomoskovsk, the petroleum products trader Lotus Oil Trading, an IT division, and the news portal Informator.

The fund, in turn, is managed by the asset management company MPSS LLC from Dnipro, owned by Serhiy Shishkin (50%), Ihor Sukhodolsky (41%), and Olga Mukhina (9%).

“I don’t have my own asset management company; I manage everything through the fund as much as possible. In my opinion, today it is one of the best tools for ownership and management, including financial flows,” Mishalov emphasized.

Source: https://interfax.com.ua/

 

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Insurers collected over UAH 10 bln in motor third-party liability insurance premiums in first half of year

Insurance companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 3.432 million compulsory civil liability insurance contracts for owners of land vehicles This is 6.45% less than in the same period last year.

According to data published on the MTIBU website, 3.418 million contracts were concluded in electronic form (+24.5%).

In January-June 2025, the Bureau’s members increased the collection of insurance payments under MTPL policies by 2.3 times to UAH 10.457 billion, including UAH 10.424 billion under electronic contracts (2.8 times more).

The total amount of insurance indemnities accrued under domestic insurance contracts increased by 24.58% to UAH 2.885 billion, including UAH 762 million paid using the “Europrotocol” (+68%).

The Bureau also recorded a 2.2% increase in the number of settled insurance claims to 72,400, including data on the use of the “Europrotocol” – 31,800 (+25.5%).

The MTIBU is the only association of insurers in Ukraine that provides compulsory civil liability insurance for owners of land vehicles for damage caused to third parties. The Bureau has 27 insurance companies as members.

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Astarta has expanded its irrigation area in Poltava region to 1,100 hectares

Investment and Industrial Company Poltavazernoprodukt, part of Astarta, Ukraine’s largest sugar producer, has increased its irrigated area to 1,100 hectares, the company’s press service said on Facebook on Wednesday.

Serhiy Cherevik, regional director of Poltavazernoprodukt, quoted in the post, noted that irrigation has become a key factor in stable yields.

“This allows us to make the most efficient use of every millimeter of moisture. This year, we are growing hybrid corn and commercial soybeans on irrigated land.

Irrigation is an investment not only in this year’s harvest, but also in the stability and development of agricultural production in our region. We have ambitious plans to expand the irrigated area, because the future of Ukrainian agribusiness lies in sustainable and efficient technologies,” he emphasized.

The company specified that before the next production season, Poltavazernoprodukt specialists restored and repaired communications and water supply stations, cleaned water channels, graded the lines for sprinkler machines, serviced the sprinkler machines themselves, and concluded water supply contracts.

“Eight sprinkler machines are operating at full capacity, serviced by 14 hydraulic engineers in several shifts,” the company said.

Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine and the largest sugar producer in Ukraine.

It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.

In 2024, Astarta increased its net profit by 34.5% to EUR83.25 million, while its consolidated revenue decreased by 1.1% to EUR612.15 million.

In the first quarter of this year, the agricultural holding’s revenue fell by 24.9% to EUR124.58 million, while net profit fell by 28.8% to EUR6.42 million.

On June 12 this year, the shareholders’ meeting approved the payment of dividends for 2024 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the figures for the previous two years.

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Preferential roaming between Ukraine and EU for Ukrainians extended until December 31, 2025

Preferential roaming between Ukraine and the EU will remain available until the end of 2025, according to the National Commission for the State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCC).

According to a statement on its Facebook page on Wednesday, the NCCIR and the European Commission confirm the extension of the Joint Statement between Ukrainian and European operators on ensuring roaming for Ukrainians in the European Union for the next six months, until December 31, 2025.

It is noted that this is the sixth extension of the agreements, which have been in force since April 2022.

“Staying connected is a basic need that becomes critical in times of war. Since the first days of the full-scale invasion, the NCCIR has been working to ensure that Ukrainians remain connected, including abroad,” said NCCIR Chair Lilia Malyon.

“The joint statement has become an exceptional and effective tool. I am grateful to Ukrainian and European operators who continue to provide favorable conditions for Ukrainians, as well as to colleagues from the EC and BEREC for their support and joint work. Our team continues to move confidently towards a Single Digital Market for roaming in the EU,” Malion added.

In addition, the joint statement also provides favorable communication conditions for EU citizens in Ukraine.

The press service also reminded that the NCC team, together with colleagues, is completing work on Ukraine’s accession to the EU’s single roaming area “Roaming Like at Home” (RLAH), which is expected as early as January 1, 2026.

Source: http://relocation.com.ua/pilhovyy-rouminh-mizh-ukrainoiu-ta-yes-dlia-ukraintsiv-prodovzhyly-do-31-hrudnia-2025-roku/

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