Change in prices of food raw materials from Ukraine (forecast up to 2025), %
The second round of presidential elections is taking place in Poland on Sunday, with Poles choosing their head of state from two candidates: Warsaw Mayor Rafal Trzaskowski and Karol Nawrocki, head of the opposition conservative Law and Justice party and head of the Institute of National Remembrance.
Polling stations in Poland opened at 7 a.m. and voting will end at 9 p.m.
During the first round of the current presidential election, 67.31% of eligible voters cast their ballots.
A week before the election, Polish Prime Minister Donald Tusk called presidential candidate Nawrocki’s statement that Poland would never support Ukraine’s accession to NATO an act of treason.
Earlier, the Experts Club analytical center released a video analysis dedicated to the most important elections in the world in 2025. For more details, see here —
https://youtu.be/u1NMbFCCRx0?si=6L76qeuNamxg6py1
Ukrproduct Group, a major Ukrainian producer of packaged oil and processed cheese, reported a net loss of GBP 2.04 million for 2024, compared with a net profit of GBP 0.39 million in 2023.
“Financial expenses in 2024 increased by 253% compared to the previous year to GBP 2.8 million, which was caused by significant accruals of commission for deferral of a loan from the EBRD, retrospectively applied for the period from October 2016 to December 2024,” the company explained in its annual report on the London Stock Exchange.
According to the report, in December 2024, the European Bank for Reconstruction and Development (EBRD) decided to exercise its right under the loan agreement and charged a commission of GBP 2.0 million, which increased the company’s liabilities to the bank to GBP 8.1 million.
The group’s gross profit for the past year increased by 3.9% to GBP 7.12 million, while operating profit fell by 36.6% to GBP 1.08 million and EBITDA by 29% to GBP 1.7 million.
Canada’s economy grew 2.2% year-on-year in the first quarter of 2025, the country’s statistics agency reported.
The growth estimate for the fourth quarter of 2024 was revised down to 2.1% from 2.6%.
Analysts polled by Trading Economics had expected Canadian GDP to grow by 1.7% in January-March.
Compared to the previous quarter, Canadian GDP grew by 0.5% after the same increase in the previous quarter. Earlier, it was reported that growth in October-December was 0.6%.
Consumer spending rose 0.3% in the first quarter, while government spending fell 0.8% for the first time in a year.
Exports rose 1.6% and imports rose 1.1%.
The Cabinet of Ministers has approved the terms of privatization of the state-owned stake in cosmetics and household chemicals manufacturer Vinnitsabytkhim, as well as its starting price of UAH 301.4 million, according to the press service of the Ministry of Economy.
According to the report, the new owner of Vinnytsiabythim must maintain the company’s core activities and not allow any layoffs during the first six months.
In addition, they must pay wage arrears and debts to the budget within six months, repay overdue accounts payable (except for debts to sanctioned entities), and comply with environmental legislation.
Vinnitsabytkhim 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 Vinnytsia Bytkhim to the state.
In July 2022, the seized assets of Vinnytsiabythim were transferred to the National Agency for the Identification, 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 of Vinnytsiabytkhim was granted 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 Vinnytsiabytkhim.
ARMA terminated its management of the asset in April 2025 and transferred it to the State Property Fund of Ukraine for further disposal. According to the National Agency, during the period of management of the seized asset, almost UAH 100 million was transferred to the state budget.
On June 6, we will meet in Kyiv at the Brave CFO Gathering, the first event in the 23rd Ukrainian CFO Forum series, a forum with over 20 years of history. In times of war, uncertainty, and economic pressure, the financial function is becoming not just a control tool, but the core of transformation. This is what brings together the country’s most influential CFOs.
The focus will be on AI, ERP, transformation, internal audit, efficiency, automation, productivity, and the synergy between finance and IT.
June 6, October 23-24, 2025
Kyiv + online
Join financial leaders: https://cfo.ua/2025
The Interfax community gets a 15% discount on all ticket formats with the promo code: BraveInterfax
The promo code is valid until May 31
???? Who should attend: This is a must-attend event for CEOs, MDs, CFOs, COOs, IT directors, FDs, controllers, treasurers, finance department heads, FP&A directors, and risk managers.
The program features over 20 speakers from top companies, including:
▪️ ERP panel with LPP Ukraine, Biosphere, Obolon, Continental Farmers Group – moderated by Iryna Levkivska (Rozetka-EVO)
▪️ Vita Forsyuk (NSSMC) + Olena Potopalskaya (AC Crowe) – on tax transformation, digital assets, and transparency
▪️ Tetiana Tymchenko (Nova Poshta) – on sustainable growth, capital management, and technologies
▪️ Tetiana Stetsenko (Vents) + Andrii Oleksiuk (Business Evolution) – financial and IT tandem in business process transformation
▪️ Viktor Piddubnyi (Danone Ukraine) – innovation and sustainability in the new reality
▪️ Olena Basova (Orbico) + Innoware – ERP implementation case study: international standards + Ukrainian specifics
▪️ Svitlana Protsenko (GSN Games) + Matt Falkai (Scopely) – how GenAI is changing the role of the CFO today
▪️ Sviatoslav Ogreba (Asters) – on AI Fraud: threats to CFOs
▪️ Yevgen Korneev (IMC Agricultural Company) – on internal audit 2.0: digital transformation and a win-win strategy with the CFO
▪️ Andriy Tonkonog (SMART business) – integrated approaches to demand forecasting
The detailed program and list of speakers can be found on the website.
Purchase a ticket to meet with finance leaders: https://cfo.ua/2025
Announcement in the newsletter:
Title: The first event of the 23rd Ukrainian CFO Forum is coming up on June 6
On June 6, we will meet in Kyiv and online at the Brave CFO Gathering – the first conference in the 23rd Ukrainian CFO Forum series. The event will bring together financial leaders who are implementing innovations, transforming management structures, and making decisions that change business.
June 6, October 23-24, 2025
Kyiv + online
Program and tickets: https://cfo.ua/2025
The Interfax community gets a 15% discount on all ticket formats with the promo code: BraveInterfax
The promo code is valid until May 31.
What participants can expect:
▪️ 300+ delegates
▪️ 8+ hours of program content – relevant case studies, technologies, analytics
▪️ 20+ speakers – leaders in finance, transformation, and innovation
▪️ Strategic panels and live interviews
▪️ Up to 35 ACCA CPD units
▪️ Evening networking at the CFO COCKTAIL PARTY
“The world of finance will never return to the ‘pre-digital’ era. CFOs work with GenAI, build their own low-code solutions, and shape financial strategies based on real-time data,” according to the event concept.
Hurry up and join the largest event in the field of finance!
Announcement on social media (LinkedIN, Facebook, Instagram):
On June 6 in Kyiv and online, we invite you to the Brave CFO Gathering, the first conference in the 23rd Ukrainian CFO Forum series. The event will bring together financial leaders who are implementing innovations, transforming management structures, and making decisions that change business.
The world of finance has changed, and CFOs are at the center of these changes.
How to build strategies under fire? Which AI solutions have already replaced dozens of Excel spreadsheets? Which ERP projects will survive in 2024 and why? Find out the answers on June 6 at Brave CFO Gathering 2025.
What to expect:
▪️ 300+ delegates
▪️ 8+ hours of programming — relevant case studies, technologies, analytics
▪️ 20+ speakers — leaders in finance, transformation, and innovation
▪️ Strategic panels and live interviews
▪️ Up to 35 ACCA CPD units
▪️ Evening networking at the CFO COCKTAIL PARTY
June 6, October 23-24, 2025
Kyiv + online
Program and tickets: https://cfo.ua/2025
The Interfax community gets a 15% discount on all ticket formats with the promo code: BraveInterfax
The promo code is valid until May 31
Finance has never changed so rapidly – become part of this movement!
???? Brave CFO Gathering – June 6, Kyiv + online – the first event of the 23rd Ukrainian CFO Forum
▪️ Technologies, ERP, AI, RPA, internal audit
▪️ CFO & CIO: how to build a joint strategy
▪️ 300+ delegates
▪️ 20+ speakers – leaders in finance, transformation, and innovation
▪️ Up to 35 ACCA CPD units
▪️ Evening networking at the CFO COCKTAIL PARTY
???? The Interfax community gets a 15% discount on all participation formats
???? Promo code: BraveInterfax
???? Details and program: https://cfo.ua/2025
___________________________________________________________________________
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