Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, increased its net profit by 20.8% year-on-year to UAH 8.936 million in January-June this year.
According to the company’s interim report, net income increased by 8% to UAH 1 billion 756.245 million in the period under review.
At the same time, the company’s retained earnings amounted to UAH 271.984 million at the end of June.
As reported, in the first quarter of 2025, Dneprometiz-TAS increased its net profit by 0.6% compared to the same period in 2024 to UAH 3.938 million, while net income decreased by 0.58% to UAH 778.319 million.
“In 2024, Dneprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net revenue increased by 22.7% to UAH 3 billion 285.688 million. At the same time, the company’s retained earnings amounted to UAH 263.048 million at the end of 2024.
“In 2023, Dneprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Last year, net income increased by 8.2% to UAH 2 billion 677.836 million.
“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.
The company is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.
The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.
President of Ukraine Volodymyr Zelenskyy has appointed Yuriy Tokar as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Kenya. The relevant decree No. 535/2025 has been published on the official website of the head of state.
In addition, Decree No. 536/2025 also appoints Yuriy Tokar as permanent representative of Ukraine to the United Nations Environment Programme (UNEP) and to the United Nations Human Settlements Programme (UN-Habitat) on a part-time basis.
Yuriy Tokar was born in 1976 in Lviv. He graduated from Ivan Franko National University of Lviv with a degree in international relations. He has worked in Ukrainian diplomatic missions in Poland and the United States, as well as in the Consular Service Department of the Ministry of Foreign Affairs of Ukraine.
President of Ukraine Volodymyr Zelenskyy has signed a decree appointing Maksym Subha Ambassador Extraordinary and Plenipotentiary of Ukraine to the State of Kuwait.
The corresponding decree No. 534/2025 was published on the President’s website.
In 2013-2017, Maksym Subkh served as Counselor of the Embassy of Ukraine in the State of Qatar. In 2018-2022, he was Ambassador Extraordinary and Plenipotentiary of Ukraine to the People’s Democratic Republic of Algeria.
Since 2022, he has been working as Special Representative of Ukraine for the Middle East and Africa.
President of Ukraine Volodymyr Zelenskyy has signed a decree appointing Oleksandr Shcherba Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of South Africa.
The corresponding decree No. 537/2025 was published on the President’s website.
In 1996-2000, Oleksandr Shcherba was an attaché and third secretary at the Embassy of Ukraine in Germany (Bonn, Berlin).
In 2008-2009, he worked at the EU Department of the Ministry of Foreign Affairs of Ukraine.
In 2013-2014, he was an advisor to the First Vice Prime Minister of Ukraine Serhiy Arbuzov, a participant in negotiations with the IMF and the EU on the preparation for the signing of the Association Agreement.
In 2014-2021 – Ambassador Extraordinary and Plenipotentiary of Ukraine to Austria.
Interest in the roadshow being held by Kyivstar, Ukraine’s largest telecommunications operator, and its parent company VEON, has been several times higher than expected, according to Ogi K. Fabel II, CEO and founder of VEON, in an interview with Interfax-Ukraine.
“We held dozens of meetings with investors to tell the story of Kyivstar, and there were many more meetings than we had originally planned… There are many investors who believe in and want to be part of this because they see the profits and are attracted by the protection of full transparency of public listing,” he said.
Fabela disagreed with the view that investor interest in Ukraine has declined recently due to the protracted war.
“Our experience shows enormous interest and enthusiasm… We see great interest in exploring opportunities from investors who understand the situation:
they want to invest in Ukraine not only to help, but also because they see business prospects for themselves,” said the founder of VEON.
Kyivstar CEO Alexander Komarov emphasized that the company discloses all security risks, but almost three and a half years of war have proven the resilience of the team, the business, and Ukraine as a whole.
“Kyivstar’s history is very successful. And we want to be an example to others that even in times of war, it is still possible to run a profitable business, not only in our sector, but also in many other sectors, such as energy, construction, defense technologies — there are many opportunities for successful investments… We are telling the world: look at the extraordinary nature of what can be done in Ukraine. And all this during a war, so imagine what amazing opportunities there would be in peacetime, when the economy would be more vibrant,” said Fabel.
He specified that on the way to listing Kyivstar on NASDAQ, it remains to obtain approval from the US Securities and Exchange Commission (SEC), which reviews all submitted documents, roadshows, and the process of meetings with shareholders.
“Everything is going according to plan, and by the end of this year, we should be ready to complete the listing preparation process… Kyivstar’s indirect listing, which we hope will take place this year, is an opportunity to show the world that it is possible to do legal and profitable business in Ukraine,” the VEON CEO concluded.
As reported, in January 2025, VEON announced the signing of a memorandum of intent to list a portion of Kyivstar’s shares on the NASDAQ stock exchange. In mid-March, a Business Combination Agreement (BCA) was signed with Cohen Circle, a special purpose acquisition company (SPAC) listed on NASDAQ, for the indirect listing of Kyivstar on the exchange.
Kyivstar’s parent company will be Kyivstar Group Ltd, which will be registered on NASDAQ under the ticker symbol “KYIV” instead of Cohen Circle’s current ticker symbol (CIRR). VEON will own at least 80% of Kyivstar Group’s issued and outstanding capital. At the time of closing, Kyivstar was valued at $2.21 billion.
In mid-July, VEON and Cohen Circle announced the signing of non-redemption agreements (NRAs) totaling approximately $52.3 million with accredited institutional investors, including Helikon and Clearline.
At that time, it was noted that the listing was expected in the third quarter of this year. As of March 2025, Kyivstar served approximately 22.7 million mobile subscribers and more than 1.1 million Home Internet subscribers.
The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cyber security services, digital TV, etc., and has announced investments in new telecom technologies of $1 billion for 2023-2027.
VEON provides converged communications and digital services to nearly 160 million customers in six countries, home to more than 7% of the world’s population.
The Ukrainian company Monomakh has declared its openness, readiness to cooperate with law enforcement agencies and determination to protect its business reputation exclusively in the legal field to protect the business from economic damage caused by the distortion of information in the media about the company’s activities.
“We are determined to defend our reputation in court. The Ukrainian state should stand by those who create jobs, support the Armed Forces and act transparently,” the company’s website says.
The company emphasized that it does not cooperate with Russia and Belarus, does not have any official representative offices or affiliated companies, marketplace partners in these countries, and has not carried out any transactions after February 24, 2022.
“We are convinced that the court will make an appropriate assessment of the information attack in the media with signs of manipulation of public opinion,” the company said and called on journalists to adhere to professional standards, verify information, address inquiries directly to the company and not disseminate unconfirmed data.
Monomakh is currently operating as usual.
As reported, on June 16, the Security Service of Ukraine put Taras Barabash, co-owner of the Monomakh tea producer, on the wanted list.
The NV media outlet, citing the Ministry of Internal Affairs (MIA) and a ruling by Kyiv’s Solomyansky District Court, reported that the company may have been involved in the sale of its goods to Russia and Belarus since September 2018. The court noted that since September 2018, Monomakh has been conducting business activities with both Ukrainian resident companies and foreign economic activities with non-resident entities, in particular through the hidden transit of goods through Poland to Belarus and further to the territory of Belarus and the Russian Federation.
Monomakh JSC published a response on its website, accusing the media of an “aggressive information attack” with “unfounded accusations that are a planned pressure on Ukrainian business.” The company added that there are currently no court decisions establishing the guilt of Monomakh officials, and announced its intention to protect its business reputation and legal interests in the manner and in accordance with the applicable law.
JSC Monomakh was founded in 2000 in Brovary district of Kyiv region. Its principal activity is the production of coffee and tea, wholesale of tea and coffee under the trademarks Monomax, Lovare, Stefano, Ferarra, Three Elephants, Tea Masterpieces, Coffee Masterpieces, and Coffe & Tea. The ultimate beneficiaries of the company are Taras and Bohdan Barabash.
According to the Opendatabot service, in 2024, the company’s revenue increased by 26.3% to UAH 2.271 billion, net profit increased 1.7 times to UAH 303.13 million, debt increased by 14% to UAH 426.87 million, and assets increased by 53.6% to UAH 1.594 billion. The number of employees increased by 32 people to 382.
