Business news from Ukraine

Business news from Ukraine

“Ukrtransnafta” announced tender for liability insurance

On May 22, Ukrtransnafta (Kyiv) announced a tender for liability insurance for business entities and other legal entities that use high-risk facilities for damage that may be caused as a result of emergencies.

According to a notice in the Prozorro electronic public procurement system, the expected cost of the services is UAH 693,760 thousand.

Documents will be accepted until June 2.

Ukrtransnafta, 100% of whose shares are managed by Naftogaz of Ukraine, is the operator of the country’s oil transportation system.

 

, ,

Ukrainian Join UP! served over 730,000 tourists in 2024 in eight markets

Ukrainian tour operator Join UP! provided services to over 730,000 tourists in eight markets in 2024, according to Marina Dayneko, head of the Join UP! sales office, in an interview with the Interfax-Ukraine news agency.

“We provided services to over 260,000 tourists from Ukraine (+10% compared to 2023). The Polish unit served 142,000 tourists, a sixfold increase compared to 2023, over 113,000 tourists from the three Baltic countries (up 12%), almost 110,000 from Moldova (+40%), more than 62,000 from Romania (2.4 times more) and 43,000 from Kazakhstan (+65%). We are seeing growth in all markets,” she said.

As reported, the travel company Join UP! LLC was established in 2013 with a registered capital of UAH 72,671,000. The ultimate beneficiaries are Yuriy and Oleksandr Alby. According to the OpenDataBot service, at the end of 2024, the tour operator’s revenue decreased to 376,000 UAH from 16.639 million UAH in 2023, and its net loss decreased to 217.451 million from 233.341 million, respectively.

The brand’s international expansion covers eight markets: the Baltic states, Kazakhstan, Moldova, Poland, Romania, and the Czech Republic. Preparations are underway to launch operations in Slovakia and Hungary. Last year, the brand also opened its first franchise agency on the international market in Katowice, Poland.

,

Ukraine has extended restrictions on imports of cement from Moldova, Russia, Belarus, and coated rolled metal products from China for five years

Ukraine has extended anti-dumping duties on imports of cement from Moldova, Russia, and Belarus, as well as coated rolled metal products from China and Russia, for five years. According to a statement released by the

Ministry of Economy on Thursday, the decision was made by the Interdepartmental Commission on International Trade (ICIT) on May 21, 2025, following appeals from Ukrainian companies.

“If you are a manufacturer and face aggressive non-market competition, please contact the Ministry of Economy to initiate anti-dumping investigations. Ukraine adheres to the principles of openness but is ready to protect its market in accordance with WTO rules,” the release quotes First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko as saying.

As reported, in 2019, the ICIT imposed anti-dumping duties on imports of cement clinker and Portland cement to Ukraine under codes 2523 10 and 2523 29, at the following rates: 57.03% on cement from Belarus; 94.46% on cement from Moldova; 114.95% on cement from Russia. The duties were imposed for a period of five years. In May last year, at the request of Dickerhoff Cement Ukraine, Ivano-Frankivskcement, supported by

Kryvyi Rih Cement, the ICIT initiated a review of these duties, which extended their validity for up to one year.
As it became known at the conference “Trade Wars: The Art of Defense,” organized by Ilyashev & Partners in Kyiv this week, Lafarge Ciment (Moldova) SA offered voluntary price restrictions in order to return to the

Ukrainian market. Market participants called for the proposed prices to be made public.

As for imports into Ukraine of certain types of rolled steel with anti-corrosion coating originating from Russia and China, anti-dumping measures were introduced in 2019 for five years for manufacturers/exporters of goods from Russia at a rate of 47.57% and from China at a rate of 22.78%. In May last year, at the request of PJSC Mariupol Metallurgical Plant named after Ilyich and LLC Unistil, the MCMT launched a new investigation as part of a review of these duties.

, , , , , ,

At least five new shopping centers will open in Ukraine this year, with another seven planned for 2026-2027

At least five new shopping centers will open in various regions of Ukraine this year, with seven more planned for 2026-2027, according to Retail&Development Advisor (RDA), the exclusive broker for these properties.

According to a press release, the Mayak A1 shopping center in Odessa (Prospekt Polkovnika Guliaeva) is scheduled to open in the summer of 2025, with a total area (GBA) of 13,000 square meters, including 10,000 square meters of leasable space (GLA). In September, there are plans to open the A7 shopping center (Ivano-Frankivsk, Galitska Street, 57) with a GBA of 10,100 square meters and a GLA of 7,500 square meters, as well as the first phase of Retail Park Mukachevo (Chervonogornaya Street, 8) with a total area of 9,000 square meters. In the future, the retail park project in Mukachevo envisages the construction of a second phase with an area of almost 16,000 square meters. In October, the opening of the Rosvigovsky shopping center (Rosvigovskaya Street and General Petrov Street) is planned, with a GBA of 8,500 square meters and a GLA of 5,100 square meters. The launch of the Uzhgorod shopping and entertainment center “Ukraine” (Kirilla and Mefodia Square) with a total area of 20,400 square meters has been announced for December, with 11,700 square meters allocated for rent.

In March 2026, Silver Park Mukachevo (Tomash Masaryk Street) with an area of 4,000 square meters is scheduled to be put into operation. In the fourth quarter, the Lviv shopping center Road Park (Ring Road) is planned, with a GBA of 13,500 square meters.

The Tera Hall shopping and entertainment center (236 Ruska Street) and the Gallery Chicago shopping center (137B Nezavisimosti Avenue) are being prepared for 2027 in Chernivtsi, with a total area of 16,900 square meters and 9,200 square meters, respectively. Plans for this period also include the launch of the Residents Mall shopping and entertainment center (Slavianska Embankment) in Uzhhorod, with a GBA of 31,700 square meters, the Riverville shopping and entertainment center (Bab’yaka Street), with a GBA of 31,700 square meters, and the Kvartal City shopping and entertainment center (Lviv, Shevchenko Street, 313). GBA – 49,300 sq. m.

Retail & Development Advisor is a Ukrainian consulting company providing a full range of services in the field of retail and office real estate. It offers architectural design, brokerage, property management, outsourcing of shopping center development/leasing departments, and market analytics services.

Corum Group has unveiled its updated RH110 roadheader for hard rock mining

Corum Group, a machine manufacturer and part of DTEK Energy, has produced the RH110 roadheader, the 11th in the line since production began in 2023, the company announced on its Facebook page.

According to the company, the new shearer has over 60 improvements, including hydraulic track chain tensioning to reduce downtime and increase reliability, and improved hydraulic distributors to ensure stable operation in harsh conditions.

In addition, the harvester has 19 pressure sensors for safer and smarter maintenance, and updated software for complete control over energy consumption and resources.

The RH110 is a mid-range combine harvester weighing 55 tons (20% more than previous models) with a 132 kW electric motor, which allows it to work in the hardest rock. The cost of the equipment has not been disclosed.

As reported, machine builders began manufacturing this line of combines in early 2023, and as of the end of 2014, eight had been manufactured, with a total of six combines planned for release in 2025.

Corum Group is a leading manufacturer of mining equipment in Ukraine. It is part of DTEK Energy, an operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK energy holding.

As reported, in January-April of this year, the company’s machine builders manufactured and repaired 1,136 units of mining equipment, including three new combines. Also, 735,000 spare parts and components were delivered to mines.

The company does not disclose its financial results.

Bitcoin hits new all-time high, surpassing $111,000

Bitcoin hit a new all-time high on Thursday, with its price surpassing $111,000 for the first time amid a weakening US dollar.

Traders are increasingly optimistic about the prospects for cryptocurrency due to growing institutional demand.

The US Senate voted by a majority to support a revised version of the GENIUS Act. This document provides for federal regulation of stablecoins, which are crypto assets pegged to traditional currencies. It will now be sent for further discussion. The authors of the bill hope that it could be passed as early as this week.

This will provide greater regulatory clarity for companies dealing with digital assets, experts say.

Weak results from the US government bond auction, as well as fears of an increase in the country’s budget deficit, pushed the dollar to a two-week low against the yen. These same reasons caused the US stock market to decline the day before. As a result, investors began to look for alternative investments, turning to cryptocurrencies and gold.

Bitcoin is currently trading at $110,540, which is 1.7% higher than at the close of the previous session. Earlier, the rate reached a record high of $111,878.