Business news from Ukraine

Business news from Ukraine

High Anti-Corruption Court has imposed preventive measure on Deputy Prime Minister Chernyshov in form of bail of 120 million hryvnia

The High Anti-Corruption Court (HACC) has imposed a preventive measure in the form of bail of UAH 120 million on Deputy Prime Minister and Minister of National Unity Oleksiy Chernyshov, who is suspected of abuse of office and receiving unlawful benefits on an especially large scale.
The HACC made this decision on Friday after considering a request from the National Anti-Corruption Bureau (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAPO).
“The request of the NABU detective is granted in part: apply to the suspect Alexei Mikhailovich Chernyshov… a preventive measure in the form of bail. Set bail at 120 million 2 thousand 668 hryvnia,” the judge said.
The court granted the motion in part, as the prosecution requested, among other obligations, the wearing of an electronic monitoring device (bracelet), which was not mentioned in the court’s decision.
According to the court’s decision, the suspect is subject to the following obligations: to appear when summoned by a detective, prosecutor, or court; to report any change of residence or place of work; and not to leave Ukraine without the permission of the investigator, prosecutor, or court.
In addition, Chernyshov must refrain from communicating with suspects in the case and witnesses about the circumstances set out in the notice of suspicion.
The obligations imposed on Chernyshov are valid for two months, i.e. until August 27, 2025.
As for the bail itself, it may be paid by the suspect or another individual or legal entity.
Until the bail is paid, the suspect must comply with the obligations imposed on him.
The decision may be appealed within five days.

 

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Campari sells Cinzano

Campari Group has reached an agreement to sell its Cinzano vermouth and sparkling wine production to Caffo Group 1915, a private Italian spirits company (owner of the Vecchio Amaro del Capo bitter brand), according to a press release from Campari.
The sale also includes the Frattina grappa production business.
The deal is part of Campari Group’s strategy and commitment to optimize its portfolio by selling non-core brands to strengthen its commercial and marketing focus on its core spirits business and simplify its overall operations, according to the press release.
The agreement provides for the contribution to the newly created company of the Cinzano and Frattina businesses, including all intellectual property, finished product inventories, certain production equipment in Italy, contractual relationships, and other related assets. Production facilities in Italy and Argentina, where the Campari Group also produces other brands, are excluded from the scope of the transaction.
The transaction, which is valued at €100 million, is expected to close by the end of 2025.
In 2024, net sales of Cinzano and Frattina amounted to €75 million. The average annual growth rate over the past four years was 5%. Their share in the Campari Group’s total sales amounted to 2%.

 

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COMMBINE 2025 is main agromarketing event of year!

July 11 | Kyiv

Every day, agribusiness is adapting to a new reality – reduced budgets, information overload, unstable logistics. And it is marketing, PR and content that are becoming tools for survival and growth.

That’s why we’re bringing together the best of the best for COMMBINE 2025:

a conference for marketers, communicators, brand owners, creators and everyone who promotes agriculture in the conditions of “permanent turbulence”.

The program includes:

25+ speakers – about TikTok, branding, PR, and fakaps

200+ participants – marketers, farmers, bloggers

1000+ ideas for advertising, field events, and content

12 hours of live networking and agri-brainstorming

COMMBINE 2025 is a field where ideas germinate.

Details and registration: commbine.fun

WEBSITE:

COMMBINE 2025: the main agromarketing event of the year – already on July 11 in Kyiv!

The agricultural sector continues to adapt to the new reality: reduced budgets, unstable logistics, dynamic markets, and information overload. In this situation, agromarketers, communicators, creatives, and PR specialists are coming up with new ways to turn challenges into opportunities every day.

That is why Aggeek Agency and Agro Marketing Agency are gathering leading market players for the agromarketing conference COMMODITY 2025, which will be held on July 11 in Kyiv.

COMMBINE 2025 is a field where ideas germinate, tools are tested, strategies are developed, and a community is formed that is able to lead agribusiness forward – even in turbulent times. Here people speak frankly, share their experience, joke about the budget and… make money.

The program:

25+ speakers – agro-evangelists of content, brands, reputation, and data

200+ participants – marketers, farmers, owners, media professionals, bloggers

1000+ ideas for promotional campaigns, branding, SMM and field events

12 hours of networking, coffee, craft thinking and joint agri-brainstorming

Key topics:

Agromarketing in conditions of permanent instability

How to talk to a farmer so that he can hear

TikTok, YouTube, Insta – which platforms work in the field

Agribranding: where to start and how to keep the style

Content plans and creativity in the season “without a budget”

PR without illusions: reputation in agriculture is not born in a day

Anti-cases and facts that are not written about on LinkedIn

COMMBINE 2025 is for those who:

promotes an agribusiness, product or brand

builds communication within an agricultural company

creates content, manages pages, organizes events

looking for inspiration, new approaches and useful contacts

Don’t miss it! If you want to harvest more than just a crop, you are welcome at KOMMBINE 2025.

Date: July 11, 2025

Location: Kyiv

Details and registration: https://commbine.fun/

 

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OTP BANK has highest creditworthiness and stable outlook – Credit-Rating

The independent rating agency Credit-Rating has announced that the long-term credit rating of JSC OTP BANK has been affirmed at uaAAA, with a stable outlook.

As explained by the agency, this means that OTP Bank has the highest creditworthiness compared to other Ukrainian borrowers or debt instruments. The stable outlook indicates that there are currently no prerequisites for changing the rating during the year.

At the end of 2023, Credit-Rating upgraded OTP Bank’s rating to uaAAA with an “evolving” outlook. Last summer, the outlook was changed to stable and remains so today.

Earlier, the credit rating agency S&P Global upgraded the rating for OTP Bank (Hungary) from BBB-/A-3 to BBB/A-2. This level is higher than the sovereign credit rating of Hungary.

OTP Group is the 4th most stress-resilient banking group in Europe based on the European Banking Stress Test 2023 conducted by the European Banking Authority. OTP Group is also at the top of the Top 100 Banks in Central and Eastern Europe for 2023 and 2024.

 

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Payment of tourist tax by travelers in Ukraine increased by one third in 5 months of 2015 – State Tax Service

Revenues from the tourist tax to local budgets in January-May 2025 reached UAH 132 million, while in the same period in 2024 it amounted to UAH 98.6 million, the State Tax Service (STS) reports.
“Kyiv is the most attractive city for tourists. 25% of the paid tourist tax falls on the capital (UAH 33 million),” the service said in a statement on its website on Thursday.
Lviv (UAH 24.7 million), Ivano-Frankivsk (UAH 21.2 million) and Zakarpattia region (UAH 10.5 million) also became leaders in the period under review.
The State Tax Service reminded that the tourist tax is paid to tax agents by citizens of Ukraine, foreigners and stateless persons in advance before temporary accommodation in places of residence. In turn, tax agents (i.e., business entities that provide temporary accommodation services in places of residence/overnight stay: hotels, hostels, rest homes, etc.) transfer it to the local budget.
It is emphasized that the list of tax agents collecting the tourist tax is published on the websites of local councils.
The Service also emphasized that the tax rate is set by local councils independently for each day of stay. It is up to 0.5% of the minimum wage for Ukrainian citizens and up to 5% for foreigners.
Source: https://tax.gov.ua/media-tsentr/novini/909659.html

 

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Norway to allocate $644 million to purchase drones for Ukraine

Norway will allocate 6.5 billion Norwegian kroner ($644 million) to purchase drones and drone equipment from Ukrainian and other European manufacturers for Ukraine’s needs, the government’s website reported on Wednesday.
“Drones play an important role in Ukraine’s struggle for its defense. They are important both for the protection of critical infrastructure and for use on the front line. Norway’s assistance will significantly improve Ukraine’s ability to carry out the necessary surveillance and operations with the help of drones,” Norwegian Prime Minister Jonas Gahr Støre was quoted as saying on the website.
According to the information, Norway officially joined the Coalition for the Development of Unmanned Technologies in April and previously announced its intention to increase support for the Ukrainian defense industry and purchase drones for Ukraine.
This is reportedly the first large-scale purchase of drones directly from foreign manufacturers. This is in line with one of the goals underlying the decision made in March of this year by the Storting (Norwegian National Assembly – IF-U) to increase support for Ukraine by 50 billion Norwegian kroner (about $5 billion) by 2025.
The Norwegian government prioritizes meeting military needs based on what Ukraine itself identifies as the most important.
“Funding for the procurement of unmanned aerial vehicles will help to create an independent Ukrainian deterrence system, which will also be important after a potential peace agreement… We will continue to focus our support on maritime security, air defense, unmanned aerial vehicles and autonomous systems. We will also prioritize support for the procurement of defense equipment from Ukrainian manufacturers and cooperation between the Nordic and Baltic countries to equip and train new Ukrainian military units,” said Defense Minister Thorbjørn Sandvik.
It is noted that the support provided and “lessons learned from the war in Ukraine will also help strengthen the Armed Forces and defense capabilities of Norway.”
Source: https://www.regjeringen.no/en/aktuelt/norway-to-provide-nok-6.5-billion-for-procurement-of-drones-for-ukraine/id3111763/

 

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