Business news from Ukraine

Business news from Ukraine

Azerbaijan to provide Ukraine with $2 mln worth of energy equipment

Azerbaijani President Ilham Aliyev has signed a decree allocating funds equivalent to $2 million to the Ministry of Energy of the Republic of Azerbaijan for the purchase of Azerbaijani-made energy equipment, which will be transferred to Ukraine as humanitarian aid.

“To allocate funds in manats equivalent to 2.0 (two) million US dollars from the reserve fund of the President of the Republic of Azerbaijan, provided for in the state budget of the Republic of Azerbaijan for 2025, to the Ministry of Energy of the Republic of Azerbaijan for the purchase and shipment of electrical equipment manufactured in the Republic of Azerbaijan for the purpose of providing humanitarian aid to Ukraine,” reads the text of the decree dated August 11, published on the website of the President of Azerbaijan.

As reported, on July 28, 2025, Naftogaz of Ukraine signed an agreement with SOCAR Energy Ukraine on the purchase of Azerbaijani natural gas. Under the agreement, test supplies will be carried out via the Trans-Balkan route through the Bulgaria-Romania-Ukraine corridor.

 

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Vodafone Ukraine redeemed bonds worth $5.2 mln

Ukraine’s second-largest mobile operator, Vodafone Ukraine (“Vodafone Ukraine,” VFU), which on July 15 announced a third offer to buy back its Eurobonds at a price reduced to 85% of their face value in connection with the payment of dividends, received applications for $53.395 million and satisfied them in the amount of $5.208 million.

“All purchased bonds have been cancelled, and following such cancellation, the total nominal value of bonds remaining in circulation is $292,532,259.80,” the company said in a statement on Monday on the Irish Stock Exchange.

Vodafone Ukraine recalled that the scaling factor was 0.131545188948731, and the tender offer was settled on August 6.

The first two times, Vodafone Ukraine redeemed bonds for an amount equivalent to EUR1 million, and the third time for an amount equivalent to EUR1 million + $3.5 million.

The debut buyback was announced at 99% of par value, the second at 90% of par value, and the third at 85% of par value. The company did not announce the results of the second buyback on the exchange, while the scaling factor for the first buyback was 0.0040355668.

The buyback of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to the equivalent of EUR1 million in hryvnia.

The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.

VFU previously recalled that a total of $300 million in bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued, of which the company currently holds $0.5 million in bonds.

As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.

In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24%, to UAH 697 million.

 

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Ruukki ventilated facades receive global warming potential rating

Ruukki ventilated facades now have a Global Warming Potential (GWP) rating, allowing architects and customers to monitor the environmental performance of materials and improve the sustainability of construction projects, according to Rauta.

GWP, expressed in kilograms of CO₂ equivalent per square meter, makes it possible to compare the environmental performance of different building materials and assess their impact on climate change within the life cycle assessment of a building.

“The availability of GWP allows customers to make informed choices in favor of the most environmentally friendly materials and earn additional points in certification according to international environmental standards LEED and BREEAM,” said Rauta Director Andriy Ozeychuk.

GWP data is available on the pages of the corresponding Ruukki ventilated facade products.

Rauta is a Ukrainian company specializing in the supply and implementation of modern building solutions using sandwich panels, steel structures, and energy-efficient technologies.

As the official representative of Ruukki in Ukraine, the company implements projects in industrial, commercial, and civil construction.

 

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Rauta confirms that Ruukki sandwich panels last over 100 years

Rauta has said that Ruukki sandwich panels can last over 100 years. This conclusion is backed up by test reports on the filler and polymer-coated steel, the company said.

According to Rauta, the key factors affecting the durability of sandwich panels are the correct selection of the polymer coating for steel cladding in accordance with the corrosion aggressiveness category of the environment, as well as the accurate calculation of the panels to ensure the proper load-bearing capacity of the enclosing structures.

Rauta is a Ukrainian company specializing in the supply and implementation of modern construction solutions using sandwich panels, steel structures, and energy-efficient technologies.

As the official representative of Ruukki in Ukraine, the company implements projects in industrial, commercial, and civil construction.

 

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MGZK to purchase ferroalloys worth UAH 180 mln from NZF

PJSC Marganets Mining and Processing Plant (MGZ, Dnipropetrovsk region) is purchasing ferroalloys worth a total of UAH 179.823 million from PJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region).

According to MGOK’s disclosure in the National Securities and Stock Market Commission’s information disclosure system, the decision to enter into or further approve a significant transaction with an interest was made by the company’s supervisory board at its meeting on August 6, 2025.

“Subject of the transaction: acquisition by MGZK in May-July 2025 from NZF of 3,279.32 tons of ferroalloys for a total amount of UAH 179 million 823.583 thousand, including VAT,” the report states.

In June of this year, it was reported that MGZK would supply NZF with manganese ore worth a total of UAH 422 million, according to a decision made by the company’s supervisory board at its meeting on June 13, 2025. At that time, it was noted that in order to carry out its economic activities, MGZK undertakes to supply, and NZF undertakes to pay for and accept enriched manganese ore with a reduced phosphorus content, in the assortment, quality, and quantity in accordance with the specifications.

The total value of the contract consisted of the sum of all specifications: the total cost of the work is 421 million 961.9 thousand UAH, namely, supply contracts No. 145R/2402631 dated December 25, 2024, No. 147R/2500265 dated January 29, 2025, No. 148R/2500832 dated March 27, 2025, concluded between MGZK and NZF for the amount of UAH 266 million 971.7 thousand, and the management of PJSC was allowed to conclude a supply contract for a total amount of UAH 154.99 million.

As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both – Dnipropetrovsk region), which are part of the Privat group, stopped mining and processing raw manganese ore at the end of October – beginning of November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.

MGZK is developing the eastern part of the Nikopol manganese ore deposit (Hrushevsko-Basanska section). The plant includes four mines, one of which is under construction, one open pit mine (Hrushevsky), and an enrichment plant.

According to the NDU for the first quarter of 2025, the largest shareholders of PJSC are Couttenmax Holdings Limited, Mosfilia Investments Limited, and Humax Enterprises Limited, each owning 23.8933% of PJSC shares, as well as Fianex Holdings Limited (all based in Cyprus), which owns 24% of shares.

The authorized capital of PJSC MGZK is UAH 366.625 million, with a par value of UAH 0.25 per share.

 

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Silpo enters Bukovel with its first store

The Silpo chain of stores will open its first supermarket in the Bukovel ski resort in the Ivano-Frankivsk region, according to the Ukrainian Council of Shopping Centers.

The store will open in the village of Polianytsia (1 Shchivky tract). The opening date is not yet known, but preparations for the launch are already underway, as evidenced by the retailer’s job vacancies posted on job search websites.

Previously, Silpo only offered delivery services in this region.

Silpo is one of the largest supermarket chains in Ukraine, founded in 1998. It is part of the Fozzy Group, a trade and industrial group. As of August 2025, the chain has 309 supermarkets in 62 cities.

 

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