Business news from Ukraine

Business news from Ukraine

Ukraine announces privatization of Vinnytsiabytkhim

The State Property Fund has announced an auction for the privatization of a 100% stake in the charter capital of Vinnytsiabytkhim, a private joint-stock company, on August 13, according to the press service of the State Property Fund of Ukraine.

According to the announcement, online bidding will take place in the Prozorro.Prozori electronic trading system with a starting price of UAH 301.4 million. The guarantee deposit is UAH 15.07 million, and the registration fee is UAH 80,000 (all figures are exclusive of VAT). The deadline for submitting bids for participation in the auction is August 12, inclusive (until 8:00 p.m.).

The property is located in Vinnytsia, at 4 Akademika Yangelya Street.

The main activity is the production of soap and detergents, cleaning and polishing products. The authorized capital is UAH 26,636,700.

The property consists of 25 units of real estate (buildings, structures, non-residential premises, etc.) with a total area of 31,364.2 square meters, located on four land plots with a total area of 4.1074 hectares.

PJSC Vinnytsiabychim has not entered into any lease agreements for its property.

According to the announcement, the new owner of the enterprise must maintain the main activities of the company and not allow the dismissal of employees during the first six months.

In addition, it must pay wage arrears and budget debts within six months, repay overdue accounts payable (except for debts to persons subject to sanctions), and comply with environmental legislation.

Vinnytsiabytkhim is included in the list of large privatization objects.

As reported, on July 31, 2024, the High Anti-Corruption Court (HACC) upheld the Ministry of Justice’s claim to impose sanctions on the Russian company Nevskaya Kosmetika in the form of confiscating 100% of the shares of the Ukrainian company Vinnytsiabutkhim to the state.

In July 2022, the seized assets of PJSC Vinnytsiabutkhim were transferred to the National Agency for the Detection, Investigation, and Management of Assets Derived from Corruption and Other Crimes (ARMA).

Following a competitive selection process in July 2023, the right to resume operations and become the asset manager was awarded to Kraitex-Service LLC, whose beneficiaries, according to Opendatabot, are Ruslan Shostak and Valery Kiptik, co-owners of the EVA and Varus chains. Later, Kraitex-Service announced that it would invest UAH 400 million in launching production at Vinnytsiabitim.

ARMA terminated its management of the asset in April 2025 and transferred it to the State Property Fund of Ukraine for further sale. According to the National Agency, during the period of management of the seized asset, almost UAH 100 million was transferred to the state budget.

As previously reported to Interfax-Ukraine by Afina Group, which includes Kraitex-Service LLC, the company is considering participating in a privatization auction for the acquisition of the production assets of PrP Vinnytsiaputkhim, which have been operating in the company’s production chain for the past two years. At the same time, Afina Group will not fight for the assets at any price, as it has a clear understanding of the limits of the feasibility of participating in competitive bidding.

For more information about PrVT Vinnytsiaputkhim, please visit: https://is.gd/VZVnkE

 

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Ukrainian refugees in Netherlands will pay twice as much for shelter

In the Netherlands, the cost of shelter for Ukrainian refugees will increase from October, from the current €105 per month to €244, according to Minister for Asylum and Migration Mona Keizer.

“The increase in personal contributions will be used to cover the shelter’s operating costs, such as gas, water, and electricity,” Keizer explained. With this measure, she hopes to reduce the difference between asylum seekers and Ukrainian refugees.

According to RTL, a single Ukrainian currently pays €105 per month, but this amount will increase to €244 in October. Families with two minor children must pay a maximum of €488, depending on their situation.

http://relocation.com.ua/u-niderlandakh-ukrainski-pereselentsi-platytymut-udvichi-bilshe-za-prytulok/

 

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Young Europeans losing faith in democracy, poll finds

Support is lowest in France, Spain and Poland, while 21% back authoritarian rule under certain circumstances

Only half of young people in France and Spain believe that democracy is the best form of government, with support even lower among their Polish counterparts, a study has found.

A majority from Europe’s generation Z – 57% – prefer democracy to any other form of government. Rates of support varied significantly, however, reaching just 48% in Poland and only about 51-52% in Spain and France, with Germany highest at 71%.

More than one in five – 21% – would favour authoritarian rule under certain, unspecified circumstances. This was highest in Italy at 24% and lowest in Germany with 15%. In France, Spain and Poland the figure was 23%.

Nearly one in 10 across the nations said they did not care whether their government was democratic or not, while another 14% did not know or did not answer.

Thorsten Faas, a political scientist at Berlin’s Free University, who worked on the study, said: “Among people who see themselves as politically to the right of centre and feel economically disadvantaged, their support of democracy sinks to just one in three.

“Democracy is under pressure, from within and without.”

The study was carried out in April and May. More than 6,700 people between the ages of 16 and 26 in Britain, Germany, France, Spain, Italy, Greece and Poland responded to the ninth annual survey by the YouGov institute for the Tui Foundation, which funds projects dedicated to youth in Europe.

Forty-eight per cent worry that the democratic system in their own country is endangered, including 61% in Germany, where the economy – Europe’s biggest – is ailing and the far right has made significant inroads, fuelled in part by increased backing from young voters.

The return of Donald Trump to the White House, the rise of China, and Russia’s full-scale invasion of Ukraine have shifted power away from Europe in the respondents’ perception, with just 42% counting the EU among the top three global players.

Despite – or perhaps because of – Brexit, the figure was highest among Britons at 50%. Of those surveyed in the UK, 73% wanted a return to the EU, while nearly half of young Europeans (47%) sought stronger ties between the EU and Britain.

The US was seen by 83% as part of the power trio, followed by China with 75% and Russia on 57%.

Rising polarisation is also driving young Europeans to the ideological fringes along with their elders, but a notable gender divide has emerged in the process.

Nearly one in five – 19% – described themselves as politically right of centre, up from 14% in 2021, while 33% called themselves centrists, 32% as leftist and 16% without any designation.

Women in Germany, France and Italy identified as progressive in higher numbers than four years ago, while young men in Poland and Greece have grown more conservative in the same period.

Support for tougher restrictions on migration has grown across the board since 2021, to 38% from 26%.

Most young Europeans expressed hope in the EU’s potential, and two in three overwhelmingly supported their country remaining in the bloc if it still was. But 39% described the EU as not particularly democratic and just 6% said their own national governments worked well, with little need for significant changes.

More than half – 53% – felt the EU was too focused on details and trivial matters. They would like the bloc to tackle the high cost of living, bolster defence against external threats and create better conditions for companies to improve the economy.

Elke Hlawatschek, the head of the Tui Foundation, said: “The European project, which has brought us peace, freedom of movement and economic progress for decades, is seen as unwieldy.”

Greek people see the strongest need for fundamental overhaul of their political system and are most sceptical about the EU, which Faas described as rooted in enduring trauma of the eurozone debt crisis that drove their country’s economy to the brink.

Despite stronger support for climate protection among young Europeans, just one in three said it should take priority over economic growth. The figure has slipped from 44% in 2021.

 

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“Ukrnafta” announced tenders for “Green Card”

PJSC “Ukrnafta” has announced tenders for international insurance “Green Card”

As reported in the system of electronic public procurement “Prozorro”, the expected cost of the purchase of services is 38.663 thousand UAH.

The security of the tender offer is not required.

The deadline for submission is July 14.

 

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Volume of remittances to Ukraine for January-May decreased by 15.4% to – $3.5 billion

The volume of remittances to Ukraine for January-May 2025 decreased by 15.4% to – $3.5 billion, in particular net remuneration of labor decreased by 18.7%, and the volume of private transfers – by 11.2%, according to the data of the balance of payments of the National Bank of Ukraine (NBU). As noted in the statistics, in May, the volume of private money transfers decreased by 13.2%, to $0.7 billion.

“Wages that Ukrainians receive from abroad decreased by 9.5%, and other private transfers received through official channels decreased by 9.7%,” – commented the National Bank.

Overall, the volume of transfers through official channels in May 2025 was 9.6% lower than in May 2024, while receipts through informal channels decreased by 18% year-on-year.

In May 2025, the primary revenue balance turned negative to $45 million against a surplus of $20 million in May 2024.

“The decline in labor compensation receipts (down 16.9%) was more rapid than the decline in investment income payments6 (down 2.7%).” The secondary income balance surplus shrank,” the regulator explains.

At the same time, the secondary income balance surplus decreased to $0.7bn from $1.0bn in May last year due to a reduction in technical and humanitarian aid.

 

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Almost UAH 300 million of tax has already been paid by self-employed in 2025

More than 28 thousand self-employed people are currently registered in Ukraine, according to the State Tax Service. This is a record figure for the last 5 years. The number of self-employed has increased by 1.1 thousand since the beginning of the full-scale reform. Over UAH 292 million of tax has already been paid by professionals engaged in independent professional activities in the first five months of 2025. The largest number of such professionals is in Kyiv, Dnipro and Odesa regions.

As of the beginning of June 2025, 28.3 thousand professionals engaged in independent professional activities – i.e. self-employed – were registered in Ukraine. These are lawyers, private teachers, translators, architects, notaries, psychologists, artists, scientists, doctors, and other professionals who do not have the status of a sole proprietor but work independently.

This is a record figure for the last five years. The peak number of such specialists was previously recorded in November 2021 – 27.9 thousand. However, in December, their number decreased by 700 people, after which the figure began to grow again, albeit with a pause in the first months of the full-scale invasion. Since the beginning of the full-scale invasion, the number of self-employed professionals has increased by 1,100, or about 4%.

It is worth noting that the Unified Register of Lawyers alone currently contains more than 71 thousand professionals. However, not all of them are registered as self-employed, but, for example, they can work in law firms or associations, or work as private individuals.

The largest number of such specialists works in Kyiv – 4.2 thousand people. This is followed by Dnipropetrovs’k region – 2.5 thousand and Odesa region – 2.4 thousand.

The self-employed paid UAH 292.29 million in taxes to the budget in the first five months of 2025. This is 33% more than in the same period last year. It is worth noting that the amount of taxes paid in Kherson, Volyn, and Kyiv regions almost doubled. In total, such specialists paid UAH 603.16 million in taxes in 2024. This is 1.6 times more than in 2023 and 1.2 times more than before the full-scale campaign.

The leaders in terms of taxes paid are Kyiv – UAH 140.5 million (23% of the total amount), Lviv region – UAH 49.8 million (8%), and Dnipropetrovs’k region – UAH 49.6 million (8%). However, while in Lviv region this amount was paid by 1.3 thousand people, in Dnipropetrovs’k region 2.5 thousand self-employed people paid almost the same amount.

On average, one self-employed person in Lviv region paid UAH 38 thousand in taxes in 2024. In Kyiv – UAH 33 thousand, in Vinnytsia region – UAH 31 thousand. The lowest average amounts were in Luhansk, Donetsk, and Kherson regions.

However, these calculations are conditional – it is impossible to give an accurate estimate, because it is not known how many of the people who are certified as self-employed actually work and earn income.

It is worth noting that independent professionals account for only 1.4% of all self-employed persons in Ukraine (together with sole proprietors). Their share of tax revenues is only 0.6% of the total amount paid by the self-employed.

Banks regularly check the self-employment status of their clients, which is important for assessing their financial profile, taxation, and regulatory compliance.

Opendatabot offers a service that allows you to check whether a person is an entrepreneur or self-employed, as well as to receive a corresponding statement.

Context

In April, the Cabinet of Ministers approved a draft law on the introduction of an international automatic exchange of information on income received through digital platforms. It provides for the taxation of self-employed people’s income received from activities on digital platforms such as Uklon, Bolt, OLX, Prom, Rozetka, etc.

https://opendatabot.ua/analytics/self-employed

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