Business news from Ukraine

Business news from Ukraine

Number of people in Register of Gambling Problems has tripled over past year

Over 1.7 thousand people have already been added to the list in the first two months of 2025

Almost 13 thousand people have been included in the Register of Problem Gamblers as of early March, according to the Commission for Regulation of Gambling and Lotteries (CRGL). Over the past year, the number of problem gamblers on the list has increased 3 times. Almost 1.5 thousand more people were removed from the list due to the expiration of the restriction period. Overall, last year, on average, 780 new people were added to the Register every month.

12,807 Ukrainians are currently on the Register of Gambling Problems. The list has increased 3 times over the year. Over the past year, the Register was replenished by 9,389 people, and 1,496 were excluded due to the expiration of the restriction period.

In total, 14,979 people have been added to the Register since its inception, of whom 2,172 have already been removed.

99% of all entries in the Register are voluntary applications. People apply for self-restriction themselves to deny themselves access to gambling facilities and participation in gambling for a certain period of time. The term of such restriction is from six months to three years.

Only 1% are people who have their access restricted by a decision of the CRGL. There have been 169 such decisions since the registry was created. Almost all of them took place last year – 140 decisions. But not a single person has been included in the Register by a court decision.

“It is indeed easier to apply for self-restriction than to submit a third party to the registry. Moreover, people are becoming more aware of this possibility. Accordingly, the number of people in the register is growing. So our goal is to give people the most convenient tool for self-restraint and to promote its use,” comments Hennadii Novikov, head of the state agency PlayCity.

This year, the Cabinet of Ministers liquidated KRAIL and created the state agency PlayCity instead. Now, this agency will be responsible for regulating the gambling and lottery market and maintaining the Register of problem gamblers.

On average, 780 people were included in the register every month last year, which is 2.8 times more than in 2023, when the list was updated by about 280 people per month. The highest number of applications for self-restriction was received in April – 1,041, and the lowest in June – 524.

In the first two months of 2025, 1,719 people have already been added to the Register, which is an average of 860 per month, which is 10% more than in 2024.

It is worth noting that Ukraine currently has no clear statistics on the actual number of citizens with gambling addiction, and the figures from the relevant register do not reflect the full picture – in particular, people who play in online casinos.

The head of the newly created agency, Gennadiy Novikov, believes that the existing register fulfills its function – it consolidates information about people who are restricted from participating in gambling so that gambling organizers can verify a person and, if necessary, prevent them from playing. At the same time, it is important to understand that this registry is in a trial mode and does not have all the necessary functionality that needs to be implemented for the convenience of citizens and the market.

“We plan to create a full-fledged product on the Diia.Engine platform. The new registry will meet all the requirements of the legislation on personal data protection and other aspects, as well as contain additional functionality for gambling organizers.

The process of applying for a person to be included in the registry will be automated and much more convenient. A person will be able to add themselves to the register in a few clicks to restrict access to the game,” comments Gennadiy Novikov, Head of PlayCity.

https://opendatabot.ua/analytics/play-city-ludomania

Albania suspends visa-free regime with Belarus

On April 24, 2025, the Government of Albania officially suspended the agreement on mutual visa waiver with the Republic of Belarus signed in February 2020. This decision cancels the partial suspension introduced in May 2024, which applied only to diplomatic passports. Now Belarusian citizens are required to obtain a visa to enter Albania.

Earlier, in May 2024, Albania partially suspended the agreement, limiting visa-free entry for holders of diplomatic and service passports. The current measure completely abolishes the visa-free regime for all categories of Belarusian citizens.

The decision takes effect immediately and is published in the official gazette of Albania.

Source: https://t.me/relocationrs/881

 

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Usyk and Du Bois to rematch on July 19 at Wembley Stadium

Ukrainian boxer Oleksandr Usyk and British professional boxer Daniel DuBois will hold a heavyweight championship rematch on July 19 at Wembley Stadium in London, The Ring reports.

“Oleksandr Usyk’s rematch with Daniel DuBois for the Ring magazine world title and undisputed heavyweight champion of the world will now take place a week later – on July 19 at Wembley Stadium in London. The fight was originally scheduled for July 12,” the statement reads.

The reasons for the postponement of the fight are not reported.

As reported, in August 2023, Usyk defeated Dubois by technical knockout in the ninth round and retained the titles of the world’s leading boxing organizations.

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“Astarta” increased its net profit by 34.5% in 2024 to EUR83.25 mln

Astarta Agro Holding, the largest sugar producer in Ukraine, increased its net profit by 34.5% in 2024 compared to 2023 to EUR83.25 million, according to the company’s report on the Warsaw Stock Exchange.

According to the report, consolidated revenue last year decreased by 1.1% to EUR612.15 million, while gross profit increased by 5.3% to EUR235.53 million and EBITDA by 9.6% to $159.35 million.

In hryvnia terms, Astarta’s revenue last year increased by 8.5% to UAH 26.531 billion, while net profit grew by 48.1% to UAH 3.634 billion.

It is noted that stable sea exports provided higher sugar sales compared to the previous year, partially offsetting the lower harvest of grains and oilseeds. Export sales of EUR395 mln accounted for 66% of consolidated revenue in 2024 compared to 53% in 2023.

The agriculture segment generated 34% of consolidated revenue or EUR209 mln in 2024 (-13% year-on-year). The main contribution was made by the sugar production segment with sales of EUR229 mln (+15% yoy), which accounted for 37% of total revenue in the reporting period. The soybean processing segment accounted for 17% of Astarta’s revenue or EUR106 million (-13% yoy). The livestock segment increased its sales by 25% yoy to EUR53 mln, accounting for 9% of total revenue in 2024.

The company attributed the increase in gross profit to a 35% or EUR 78 million increase in the fair value of biological assets and agricultural products, reflecting higher commodity prices.

Taking into account the data for the first nine months, Astarta’s financial performance in the fourth quarter of 2024 was slightly worse than in the fourth quarter of 2023.

It is also noted that operating cash flow increased in 2024 by 83% yoy to EUR167 million amid active inventory sales.

According to the report, investment cash flow increased by 30% to EUR52 million last year. The main investments were made to expand the fleet of beet harvesters, build a sugar silo and the production capacity of the soybean processing plant.

It is emphasized that Astarta’s net financial debt (excluding lease obligations) has turned into a positive cash position of EUR 21 million against EUR 39 million of debt in 2023.

As reported, in the first nine months of 2024, Astarta increased its net profit by 35.1% compared to the same period in 2023 to EUR75.60 million. The agricultural holding’s revenue increased by 12.6% to EUR441.46 million, and EBITDA by 12.8% to $131.56 million.

In 2023, the agricultural holding reduced its net profit by 5.0% to EUR61.9 million, and its EBITDA decreased by 6.1% to EUR145.77 million, while revenue increased by 21.3% to EUR618.93 million.

“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.

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OKKO to invest EUR110 mln in bioethanol plant, launch in Q3 2026

OKKO Group plans to fully launch a bioethanol plant worth EUR110 million in the third quarter of 2026, said Vasyl Danyliak, CEO of the group.

“This year we are going to fully commission the elevator and warehouse group and will be able to accept corn from our cluster. In the third quarter of 2026, we plan to fully launch the plant,” Danyliak said during the We build Ukraine conference on Thursday, which was broadcast online.

He noted that the total investment in the plant over 2024-2026 is EUR110 million, of which EUR35 million is the group’s own contribution and EUR75 million is debt financing. Of this, EUR60 million was provided by the EBRD for a period of nine years, and another EUR15 million by Raiffeisen Bank Ukraine for a period of seven years.

According to Danyliak, the annual capacity of the plant for bioethanol, the need for which is growing with the mandatory addition of 5% of this alcohol to motor gasoline from May 1, 2025, is 83 thousand tons, for livestock feed – 70 thousand tons, for corn processing – 270 thousand tons.

As reported, in June 2024, the European Bank for Reconstruction and Development (EBRD) and OKKO signed a EUR 60 million loan agreement for the construction of a new bioethanol plant in Ukraine at the Ukraine Recovery Conference in Berlin.

OKKO Group unites more than 10 diversified businesses in production, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.

The group’s founder and ultimate beneficiary is Vitaliy Antonov.

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Andriy Verevsky’s company has bought Richert brewery in Podil

Kyiv’s K41 Community Fund announced that the investor has bought the building of the former Richert brewery in the Podil district of the capital and canceled the project to build the Richert & Park residential complex on this territory.

“From now on, A Development is leaving the territory of Yurkovytsia, and this site is protected from residential development. We have found investments that allowed us to buy the building of the Richert plant and also to lease the land around the brewery with a lake for a long-term lease,” the K41 Community Fund project said on its Instagram page.

According to him, a park with a lake and public spaces are planned to be opened on this territory.
Earlier, in November 2024, A Development reported on a change in the concept of the renovation project “Richert & Park”, namely, a reduction in the building area by 40 thousand square meters and the creation of a 5.85-hectare park with a cultural center. The customer of the construction was Keramoblocks-Invest LLC.

However, the Antimonopoly Committee of Ukraine later approved the acquisition of Keriks Development LLC by AMC Progressive Investment Strategies, which was the tenant of the land plots where the renovation project was planned.

According to Opendatabot, the owner of AMC Progressive Investment Strategies is the CEO of the Kernel agricultural holding, Andriy Verevsky. As of April 24, 2025, Verevsky is also listed as a beneficiary of Kerix Development. The previous beneficiary, Oleksiy Baranov, who owns A Development, was removed from the register on February 4.

In addition, in February, the owner of Keramobloki-Invest also changed: the current owner is Kernel-Trade LLC owned by Verevsky, and Baranov was removed from the founders of JSC ZNVKIF Laram System.