Business news from Ukraine

Business news from Ukraine

“Schlifverst” to Hold Shareholders’ Meeting on April 29

According to Fixygen, Shlifverst PJSC intends to hold its annual general meeting of shareholders on April 29, 2026, in a remote format. The meeting is scheduled to begin at 11:00 a.m., and the record date for shareholders eligible to participate is April 26.

The agenda includes consideration of the director’s reports for 2022–2025, the supervisory board’s reports for 2022–2025, the audit committee’s report for 2022, as well as review of the conclusions of the audit reports for 2022–2025. In addition, shareholders are being asked to approve the results of financial and operational activities for 2021–2025, terminate the powers of the current members of the supervisory board, elect new members, and approve the terms of contracts with them.

According to the published draft resolutions, the company proposes not to pay dividends based on the results for 2021–2025. At the same time, a loss of UAH 1.8298 million for 2025 has been submitted for approval, which is proposed to be covered by reducing retained earnings from previous periods. For comparison, the draft resolutions also indicate net profit for 2024 at UAH 117,200, for 2023 at UAH 31,200, for 2022 at UAH 3.9759 million, and for 2021 at UAH 62,000.

Separately, the meeting materials note that it is proposed not to approve the conclusions of the audit reports for 2022–2025 due to the failure to conduct such audits.

PJSC “Shlifverst” was registered on March 22, 1994; its registered address is 3 Veresaeva St., Zaporizhzhia; its director is Mykola Mukha; and its authorized capital is 134,611 thousand UAH. According to Opendatabot, the company’s revenue in 2025 amounted to UAH 4.011 million compared to UAH 5.361 million in 2024, assets — UAH 31.982 million, liabilities — UAH 230.2 thousand. Among the largest shareholders are listed ALDON BUSINESS INC. with a 42.3817% stake, Duncan Promotions Ltd. with 19.9799%, PJSC “Vinnytsia Aviation Plant” with 18.9769%, and LLC “Granum-Elit” with 9.9322%, while Jerzy Nica is listed as the ultimate beneficiary. On its corporate website, the company positions itself as a manufacturer of cylindrical grinding machines and related metalworking equipment.

https://www.fixygen.ua/news/20260410/shlifverst-provede-zbori-aktsioneriv-29-kvitnya.html

 

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“Abinbev Efes Ukraine” will hold shareholders’ meeting on April 29

According to Fixygen, PJSC “Abinbev Efes Ukraine” intends to hold its annual general meeting of shareholders on April 29, 2026, remotely via a written ballot. Thus, according to the issuer’s official announcement, the date of the meeting is April 29, not April 30. The list of shareholders entitled to participate in the meeting will be compiled as of April 24, 2026.

The agenda includes consideration of the Board of Directors’ report for 2025, the conclusions of the audit report, approval of the annual financial statements, and the procedure for covering losses for 2025. In addition, shareholders are being asked to terminate the powers of the current Board of Directors, elect a new Board, appoint a Chief Executive Officer, and approve the terms of contracts with Board members.

According to the draft resolutions, it is proposed to cover the company’s losses for 2025 using additional capital. The meeting materials also include a proposal to elect Dmytro Shpakov as the company’s chief executive officer. Voting will begin on April 17 at 11:00 a.m. and end on April 29 at 6:00 p.m.; voting ballots are to be posted on the company’s corporate website on April 17, and the cumulative voting ballot on April 24.

AB InBev Efes Ukraine PJSC was registered in December 2005; its registered address is 30-B Fizkultury St., Kyiv; its primary business activity is beer production; and its authorized capital is UAH 95.11 million. AB InBev Efes B.V. is listed as the largest shareholder with a 98.7199% stake. According to Opendatabot, the company’s revenue in 2025 was 6.288 billion UAH, net loss was 392.4 million UAH, assets at year-end were 5.172 billion UAH, and the number of employees was 1,061. On its corporate website, the company also reports having five separate divisions in Ukraine.

https://www.fixygen.ua/news/20260410/abinbev-efes-ukrayina-provede-zbori-aktsioneriv-29-kvitnya.html

 

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Imports of electric generators to Ukraine fell by 31% in first quarter of 2026

Imports of power generation units and rotating electrical converters to Ukraine in January–March 2026 fell by 31% compared to the same period in 2025—to $298.7 million, according to data from the State Customs Service.
According to statistical data, in March, imports of this equipment decreased by 11% compared to March 2025 and by 41.9% compared to February 2026—to $78.6 million.
In the first quarter of this year, electric generators and converters were most frequently imported from Romania—$62.7 million, accounting for 21% of total imports of these products—China—$55.4 million, or 18.5%—and the Czech Republic—$50.3 million, or 16.8%.
A year earlier, the largest suppliers were the Czech Republic with $85.7 million in shipments, the United States with $77.3 million, and Austria with $68.7 million.
Exports of electric generators from Ukraine in January–March 2026 were negligible, totaling $0.44 million.
As reported, in late July 2024, Ukraine exempted imports of electric generator equipment and batteries from customs duties and VAT. According to the State Customs Service, imports of electric generators and converters grew 2.3 times in 2025 compared to 2024, reaching $1.69 billion.

 

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Switzerland is abolishing peculiar tax on “notional rent”

The Swiss Federal Council has approved the launch of a housing tax reform effective January 1, 2029—from that point on, homeowners who live in their own homes will no longer pay tax on the so-called imputed rental value (Eigenmietwert).
This is one of the most unique tax rules in Europe: until now, living in one’s own house or apartment in Switzerland was considered imputed income, on which income tax was levied. As part of the reform, this system will be abolished for both primary and secondary residences, while parliament simultaneously provided a constitutional option for cantons to introduce a special tax on second homes.
The reform became possible after Swiss voters supported changes to housing taxation in a referendum on September 28, 2025. According to Swissinfo, 57.7% of voters supported the reform. The Federal Council rejected requests from several Alpine cantons to postpone the launch of the new system until at least 2030, deciding to maintain the effective date of the changes as 2029.
For the housing market, this means not only the abolition of the imputed rental income tax but also a revision of related tax deductions. According to the official explanation, the current model was based on a balance between taxing imputed income and the ability to deduct mortgage interest and housing maintenance costs from the tax base. Following the reform, this mechanism will be significantly altered, and the cantons will have to adapt their own tax regimes over the coming years.
For foreign investors and real estate buyers, this news is important primarily as a signal of further adjustments to the rules governing home ownership in Switzerland. At the same time, the final impact of the reform on the tax burden will depend on the structure of real estate ownership, the presence of a mortgage, and how specific cantons exercise their right to impose a separate tax on second homes.

 

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Ukrainian insurers continue to offer insurance against war risks

Insurers continue to offer coverage for war risks to an increasing number of businesses and individuals, although this line of business remains unprofitable with a combined ratio of 111.11%, according to the “2025 Insurance Market Review” prepared by the National Association of Insurers of Ukraine (NAIU).

In addition, the report notes that insurance against war risks, in particular, led to a 30% increase in insurance premiums in the property line of business, which is directly linked to public demand for real estate insurance against the consequences of war. At the same time, 75% of clients are legal entities. Ukrainian businesses are actively seeking protection and finding it by engaging foreign reinsurance capacity, particularly from global giants such as Lloyd’s of London.

According to the information, 304 insurance companies have left the domestic market since 2016.

“It was a painful but critically necessary cleansing process. The industry underwent a digital revolution, weathered stricter solvency requirements in 2019, survived a massive ‘Split’ in 2020, and implemented Ukraine’s new, progressive Law ‘On Insurance.’ And all of this took place against the backdrop of Russia’s full-scale invasion and unprecedented security uncertainty,” the report notes.

As of the end of 2025, 47 companies operate in the non-life insurance sector, while only 10 remain in life insurance.

“Today, this is a highly concentrated and fiercely competitive environment, where the top ten companies account for 74.3% of the entire non-life market. In the life insurance segment, the situation is even more telling, and the entire market consists of these 10 players, with a single insurer accounting for nearly 50% of the industry,” the report notes.

It is also emphasized that despite the war and extremely challenging operating conditions, companies have demonstrated impressive resilience. The net financial result for both segments totaled UAH 6.8 billion, and only nine insurers ended the year with losses. At the same time, the market as a whole remains well-capitalized, as eligible assets for meeting solvency requirements amounted to UAH 86.2 billion, which is 31% higher than the figures for 2024.

“The robust operational health of the risk sector is best evidenced by the figures, where the portfolio loss ratio stands at 49.1%, the combined loss ratio has fallen below the psychological threshold to 97%, and operational efficiency has remained at a high level of 88.6%.

We can only wholeheartedly congratulate our non-life market on these results,” the report emphasizes.

 

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Insurance Company “Ultra Alliance” to Provide Comprehensive Auto Insurance for NABU’s Vehicles

On April 8, the National Anti-Corruption Bureau of Ukraine (NABU) announced its intention to enter into a contract with Insurance Company “Ultra Alliance” (Kyiv) for the procurement of voluntary motor vehicle insurance services.

According to a notice in the Prozorro electronic public procurement system, Ultra Alliance Insurance Company offered a comprehensive insurance price of 3.812 million UAH against an expected cost of 5.824 million UAH.

Insurance Company “Kraina” also participated in the tender with a bid of 4.987 million UAH.

Insurance Company “Ultra Alliance” has been providing insurance services since 2004.

According to the NBU, the company ranks 28th among Ukraine’s non-life insurers (47) in terms of premiums collected in 2025.

 

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