Business news from Ukraine

Business news from Ukraine

“Industrial Parks of Ukraine” became largest management company of industrial parks

The Industrial Parks of Ukraine Group of Companies manages the development of six industrial parks in Ukraine, including the fact that last week it became the management company of another industrial park, said Valeriy Kirilko, CEO and General Director of the group of companies.

“Last week we became the management company of another industrial park. We are now the management company in six industrial parks in Ukraine. Thus, we have become the company that manages the development of the largest number of industrial parks,” he wrote on his Facebook page.

According to the Ministry of Economy, Concept Real Estate LLC, owned by Kyrylko, according to opendatabot, became the management company of the Yellow Waters IP last week. The agreement was signed on February 18.
According to Kyrylko, Industrial Parks of Ukraine currently supports the development and promotion of 28 industrial parks in Ukraine.

“To date, we have registered 30 industrial parks out of 97 that are currently in the state register of industrial parks in Ukraine. Another 27 industrial parks are in the process of registration or at the stage of preparing a concept or documents,” Kyrylko wrote.
As reported, the government made the decision to include the Zhovti Vody IP in the Register of Industrial Parks at a meeting on February 4.

The park will create about 500 jobs, in particular in the chemical industry, alternative energy production and information technology.
The initiator of the Zhovti Vody IP is Zhovti Vody Industrial Park LLC, while the concept development and registration support was provided by Industrial Parks of Ukraine.

“Ukrnafta” has installed 30 automatic reagent dosing systems at wells and plans to install another 60 in 2025

PJSC Ukrnafta has started implementing new systems for dosing liquid reagents at oil and gas wells, continuing the transition to modern equipment from world leaders.

“We have already installed 30 automatic dosing units at wells in the eastern and western regions,” the company’s press service toldInterfax-Ukraine on Friday.

According to the press release, the injection of reagents into wells protects underground equipment from corrosion, formation of mineralized and paraffinic deposits, well drainage and other complications.

With the old method, oil companies had to periodically use special vehicles and obsolete pumping equipment to supply reagents, which is inefficient and economically unprofitable compared to the new technology, the company explained.

At the same time, modern systems allow for the use of a wider range of higher quality reagents and a smaller amount of them. They are equipped with remote control and monitoring of pumping equipment, as well as remote control of well pressure. The pumping equipment has low power consumption, which is especially important in the current environment.

“In 2025, the company plans to install 60 new systems complete with a capillary tube for injecting chemicals directly to the wellhead, and plans to purchase more than 50 similar systems,” Ukrnafta said.

“Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over the management of Glusco assets and operates a total of 544 filling stations – 461 owned and 83 managed.

The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share. In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is currently managed by the Ministry of Defense.

Ukraine exported 28.85 mln tonnes of grains and pulses in 2024/25 MY

As of February 28, Ukraine exported 28.853 mln tonnes of grains and pulses since the beginning of 2024/25 marketing year (MY, July 2024 – June 2025), of which 3.162 mln tonnes were shipped this month, the press service of the Ministry of Agrarian Policy and Food reported, citing the data of the State Customs Service.

According to the report, as of the same date last year, the total shipments amounted to 29.136 mln tonnes, including 5.26 mln tonnes in February-2024.

At the same time, since the beginning of the current season, Ukraine has exported 11.883 mln tonnes of wheat (11.449 mln tonnes in 2023/24 MY), 2.124 mln tonnes of barley (1.597 mln tonnes), 10.8 thsd tonnes of rye (1 thsd tonnes), and 14.405 mln tonnes of corn (15.671 mln tonnes).

The total export of Ukrainian flour since the beginning of the season as of February 24 is estimated at 46.4 thsd tonnes (in 2023/24 MY – 73 thsd tonnes), including wheat – 42.9 thsd tonnes (69.3 thsd tonnes).

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Bitcoin rate continues sharp decline

The bitcoin exchange rate continues to decline sharply, with the cryptocurrency dropping below $80 thousand during trading for the first time since November last year.

Bitcoin fell by 3.9% to $80,150 thousand by 14:35 on Friday, according to Coindesk. Earlier in the session, quotes fell to $78.239 thousand. Over the past month, the world’s most popular cryptocurrency has fallen in price by 21%.

The bitcoin rate rose above $109 thousand on the day of the inauguration of US President Donald Trump, hoping that the new administration would be more favorable to digital assets. However, in the absence of specific measures to support the sector, cryptocurrencies fell along with other global markets.

“Bitcoin has dropped like a stone amid investor exodus from risky assets, which has rocked financial markets,” said Hargreaves Lansdown analyst Suzanne Streeter. – “The euphoria in the cryptocurrency market was closely linked to the general enthusiasm of investors, and when it declined, there was nowhere to hide.

KrZMP increased its profit by 4.2 times to UAH 5.6 mln in 2024

Kremenchuk Metalware Plant (KrZMW, Poltava region), a part of the assets of Kryukov Carriage Works (KVSZ), ended 2024 with a net profit of UAH 5.569 million, up 4.2 times compared to the same period in 2023.

According to the agenda of the company’s general meeting of shareholders scheduled for April 3, it is planned to leave the profit undistributed.

The shareholders are also planning to consider, among other things, the termination of the audit committee and early termination of its members’ powers, approve the supervisory board’s decision to appoint an external auditor (Poltava Bureau of Forensic Economic Expertise and Audit LLC) and the terms of the contract with it.

KrZMW specializes in the production of metal and wooden structures (impregnated wooden sleepers for broad gauge railways, supports for overhead telecommunication and power lines, kiosks, pavilions, containers).

The plant has been part of KVSZ since 2008. According to the Clarity Project, 75% of the company is owned by Estonian Skinest Finants, and the ultimate beneficiaries are Volodymyr Prykhodko, Chairman of the Supervisory Board and President of KVSZ JSC, and his wife Natalia.

In 2023, KrZMW earned UAH 1.32 million in net profit, up from UAH 0.28 million a year earlier, with net income growing by 44% to UAH 40.84 million, and in January-September last year, its net income more than doubled to UAH 60.1 million.
Retained earnings as of October 1, 2024 amounted to UAH 10.88 million.

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Customs and Ukrposhta processed 103 mln shipments in two years

In 2023-2024, the State Customs Service of Ukraine cleared 103.7 million shipments, of which 94.6 million were imports and only 9.1 million were exports, according to a joint report by the customs office and Ukrposhta.

Of the total number of shipments processed over two years, about 60 million were delivered by Ukrposhta, according to the Ukrposhta website on Thursday.

The largest volume of shipments (73.7 thousand tons) was imported from China. Poland was in second place (38.6 thousand tons), and the United States was in third place (16.1 thousand tons). In addition, 4 thousand tons of shipments were received from the UK, 2.3 thousand tons – from the Czech Republic, 2.1 thousand tons – from Israel, 1.6 thousand tons – from Canada, 1.4 thousand tons – from Germany, 1.3 thousand tons – from Estonia.

According to the report, the most popular export destinations were the United States, which accounted for 46.65% of shipments during the period, the United Kingdom – 8.19%, Germany – 6.61%, Canada – 5.59%, France – 3.07%, Australia – 2.66%, Poland – 2.32%, Israel – 2.1%, Switzerland – 1.67%, Italy – 1.36%.

According to Ukrposhta, the most frequently ordered items by Ukrainians abroad were jewelry (6.23%), phone cases (5.37%), women’s clothing (3.28%), makeup and manicure products (3.28%), lighting devices (2.29%), toys (2.03%), cables (1.62%), phone protectors (1.51%), socks (1.3%), and chargers (1.14%).

The predominant value of goods ordered by Ukrainians over the past two years (81.33%) did not exceed EUR10. In the range of EUR10-20, 10.6% of goods were ordered, EUR20-50 – 5.3%, EUR50-100 – 1.9%, EUR100-150 – 0.5%, and more than EUR150 – 0.3%.

In 2024, 71.5% of all shipments were processed in less than three hours, 28% were processed up to 24 hours after arrival, and only 0.5% took longer than a day, Ukrposhta reported, emphasizing that electronic declaration was a significant step towards speeding up delivery.

The company reminded that 100% of parcels in Ukraine go through customs procedures exclusively electronically (paperless format).

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