Business news from Ukraine

Business news from Ukraine

Import changes in % to previous period in 2023-2024

Import changes in % to previous period in 2023-2024

Source: Open4Business.com.ua

Lesy Ukrainy signed contract with Oranta to insure firefighters

On April 30, the state-owned specialized enterprise Lesy Ukrainy announced its intention to sign a contract with NASK Oranta to insure members of fire and rescue units to provide voluntary fire protection.

According to the Prozorro electronic public procurement system, with an expected cost of UAH 1.170 million, the company’s price offer was UAH 296,444 thousand. The tender was also participated in by insurance companies Ultra Alliance with an offer of UAH 300,000, Arsenal Insurance with UAH 498,777, and Kraina with UAH 936,777. NASK Oranta is the successor to Ukrgosstrakh, which was founded on November 25, 1921. The main beneficiary of the company with 99.99% of the voting rights is Alexander Yaroslavsky.

 

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Number of citizens with incomes above one million hryvnia in 2024 increased to 17,000

The number of citizens who declared income exceeding one million hryvnia in 2024 increased by 6,600 to 17,000, which is 63.4% higher than in 2023 (10,400), according to Ruslan Kravchenko, head of the State Tax Service of Ukraine.

“In total, more than 17,000 people declared income exceeding one million hryvnia. Overall, millionaires declared income totaling 253.6 billion hryvnia, with 8.7 billion hryvnia in tax liabilities determined for payment. One Kyiv resident declared a record amount of personal income tax and military tax liabilities to be paid to the budget—more than 4.6 billion hryvnia,” he wrote on Telegram on Monday.

Kravchenko added that more than 53,000 citizens exercised their right to a tax rebate and will receive UAH 330 million from the budget. Compared to the same period last year, this is UAH 36 million more.

In total, in 2024, Ukrainians filed 170,000 tax returns and declared UAH 326 billion, which is UAH 107 billion more than in 2023. Based on the tax returns, citizens independently determined that they owed 8.1 billion hryvnia in personal income tax (PIT) and more than 1.5 billion hryvnia in military tax (MT). In regional terms, the largest amounts were declared by residents of Kyiv (UAH 156 billion), Dnipropetrovsk (almost UAH 30 billion), Lviv (UAH 18.2 billion), and Kyiv region (UAH 17.5 billion).

The largest amounts of income declared by citizens last year were income from abroad – UAH 34.2 billion, inheritance and gifts – UAH 13.6 billion, income from the sale of movable and immovable property – UAH 6.8 billion, investment income – UAH 4.9 billion, other taxable income – UAH 4 billion, and income from renting property – UAH 3.4 billion.

“The current tax return campaign has shown an increase in citizens’ tax awareness and their understanding of paying taxes as a social necessity. Thank you to everyone who honestly declared their income,” summarized the head of the State Tax Service.

 

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Alliance Novobud has signed 100 agreements under state program “єОселя”

The development company Alliance Novobud has already signed 100 agreements under the state program of preferential mortgages ‘єОселя,’ according to the company’s press service.

“The “єОселя” program plays an extremely important role both for the primary real estate market and for the socio-political situation in the country. It helps thousands of Ukrainians — primarily those who defend the state or were forced to leave their homes — to purchase their own homes on preferential terms. Already 100 families have become owners of apartments in our residential complexes thanks to this program, and most of them are military personnel and Ukrainians with IDP status. Demand for the program is growing every day, so we are convinced that it should be developed and supported in the future,” commented Irina Mikhaleva, CMO of Alliance Novobud.

The largest number of agreements – 48 – were concluded with the participation of partner bank Skybank. The rest of the agreements were concluded with six other financial institutions (Oschadbank, Ukrgasbank, Privatbank, Sens Bank, Ukreximbank, and Radabank).

The most popular property among participants in “єОселі” was house No. 3 in the Krona Park II residential complex, where 13 agreements were signed. A total of 16 properties from the developer are participating in the program.

Two-room apartments are in the highest demand, with 45 already sold. One-room apartments are the second most popular. The average size of an apartment purchased under the program is 71 square meters.

Deals with preferential rates of 3% and 7% were distributed almost equally. At the same time, buyers prefer ready-to-move-in homes, although apartments in new buildings under construction also have a high share of sales — the difference in demand is only a few percent.

According to data from the LUN new construction portal, Alliance Novobud was founded in 2006. Since 2010, the company has commissioned 37 buildings and parking lots, and is in the process of completing nine buildings in the Krona Park II residential complex in Brovary and a premium-class project in the capital, Montreal House.

alliance novobud, agreements, єоселя

 

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KYT Group opens its first branch in Bila Tserkva — company’s network now has 96 currency exchange points in 30 cities across Ukraine

KYT Group, one of the leaders in the currency exchange and financial services market in Ukraine, continues its strategic expansion of its network in regions with high economic activity.

On April 29, 2025, the company’s first branch opened in the city of Bila Tserkva, Kyiv region. Thus, KYT Group’s modern services now cover 30 cities in Ukraine, and the total number of exchange points in the network with national coverage has reached 96 branches.

The new currency exchange point of the KYT Group network is located at 1 Hryhoriya Kovbasyuka Street, Bila Tserkva, Kyiv region. It is conveniently located in the city center, close to popular shopping centers and supermarkets, allowing customers to easily combine a visit to a financial service with other daily activities.

The branch will be open every day from 9:00 a.m. to 6:00 p.m., offering the group’s high standards of service, favorable currency exchange rates, and a personalized approach to customer requests.

Detailed information about the work of this and other branches of the network and the terms and conditions of operations, as well as consultations, can be obtained from the KYT Group customer support center at 0 800 331957.

The opening of the branch in Bila Tserkva is another step in KYT Group’s strategy to strengthen its presence in key cities of Ukraine to meet the demand among Ukrainians for high-quality modern financial services.

The geographical expansion of KYT Group’s presence aims to provide Ukrainians with even broader access to services that meet the highest industry standards.

The new branch in Bila Tserkva has been designed in line with the brand’s updated identity. This is part of KYT Group’s large-scale rebranding, which emphasizes its position as an innovative leader in the non-bank financial services market. The branch in Bila Tserkva offers customers all the key advantages of a national leader in currency exchange:

Ø Online currency exchange rate fixing for 60 minutes via the official website, Telegram channel, or customer support service — a unique solution for the Ukrainian market that allows you to plan your exchange in advance on the most favorable terms, even in conditions of exchange rate volatility.

Ø Special conditions for wholesale currency exchange — convenient for customers with large transaction volumes who want to get the best deal.

During 2024–2025, the KYТ Group network is actively expanding. Its new branches have already been opened in Chernivtsi, Ivano-Frankivsk, Odesa, Kamyanske, Uman, Chernihiv, Kryvyi Rih, and now in Bila Tserkva.

KYT Group continues to invest in network expansion and service improvement, digital infrastructure, and customer experience, remaining a reliable partner for Ukrainians in the field of currency transactions.

ABOUT

KYT Group is an international multi-service FinTech company whose flagship business is currency exchange. KYT Group is one of the largest operators in this segment of the financial market. According to data from the National Bank of Ukraine, it ranks first in the industry rating in terms of taxes paid, capital size, and business success based on financial results. The KYT Group network of 96 exchange points covers 30 of Ukraine’s largest cities. The company’s activities comply with the regulatory requirements of the NBU.

The KYT Group’s long-standing efforts to achieve leadership positions, improve services, customer and IT infrastructure have been recognized by the prestigious Banker Awards 2024 in the category “Reliable Technology Partner for Exchange Transactions,” as well as the award “Financial Market Leader” among non-bank financial institutions according to “TOP-100. Ratings of the largest.”

 

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National Bank significantly increased currency sales over week

The National Bank of Ukraine (NBU), in the absence of currency purchases, increased its sales on the interbank market last week by $123.8 million, or 20.0%, to $742.70 million, according to statistics from the regulator on its website. The data published by the regulator during this period indicate a change in the cash currency market: while on Monday sales exceeded purchases by $6.4 million, on Tuesday purchases exceeded sales by $6.8 million, and on Thursday there was a negative balance of $40.6 million.

‘Household activity in the cash market has been declining for the third month in a row: average daily demand fell from $41 million in February to $17 million in April. This indicates a decrease in panic sentiment, market saturation and/or the exhaustion of the population’s purchasing power against the backdrop of weak economic growth. Another factor could be the spring holiday cycle, which is a traditional period for selling foreign currency savings to celebrate and finance short-term vacations,’ commented KYT Group on the situation in the cash market.

The official hryvnia exchange rate strengthened in the first half of the week from 41.75 UAH/USD to 41.4706 UAH/USD, but weakened again to 41.7091 UAH/USD by the end of the week. Despite the increase in the negative balance, the exchange rate on the cash market did not change significantly, and over the weekend, the dollar even fell by 5 kopecks. The purchase rate fell to 41.40 UAH/$1, and the sale rate fell to 41.50 UAH/$1.

According to KYT Group experts, the dollar exchange rate will remain within a narrow range.

‘Short-term outlook (2-4 weeks): the most likely movement is towards 41.20-41.80 UAH/USD with minor deviations (±20-30 kopecks). Volatility is low, speculative demand is limited. Medium term (2-4 months): a correction to 42.00-42.50 UAH/$1 is possible in the event of increased imports, accelerated inflation or a weakening of external financing,’ the company predicts.

Source: https://interfax.com.ua/news/projects/1067965.html

 

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