Business news from Ukraine

Business news from Ukraine

Uzbekistan and China step up container transportation

UzTemiRContainer, part of Uzbekistan Temir Yulary, held talks with a number of Asian logistics operators on the development of the China-Kyrgyzstan-Uzbekistan-Afghanistan multimodal corridor on the sidelines of the Investment and Trade Fair in Lanzhou, China.

The meeting was held in a quadrilateral format with the participation of Gansu International Logistics Group, the Afghan diplomatic mission in China, and Xinjiang Union of International Railway Logistics.

The key topics were the launch of return container shipments from Afghanistan and Uzbekistan to China, increasing the route’s capacity, and developing logistics infrastructure in Central Asia, including the construction of terminals in Uzbekistan and Kyrgyzstan.

On the sidelines of the forum, a separate bilateral meeting between representatives of Uztemiryulcontainer and Gansu International Logistics Group took place, during which the parties visited the facilities of the international dry port in Lanzhou.

They inspected container and bulk terminals, car handling areas, and a refrigeration complex for working with refrigerated containers. The delegation from Uzbekistan also familiarized itself with Gansu’s digital solutions in the field of logistics management.

Following the talks, the companies announced the launch of a pilot container route between China, Kyrgyzstan, Uzbekistan, and Tajikistan/Turkmenistan. The first train is scheduled to depart in the third quarter of 2025.

The parties confirmed their intentions to expand cooperation in the field of multimodal transport and expressed their readiness to increase the volume of container transport in the Eurasian direction by at least 1.5 times by 2030.

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TAS will insure Ukrenergo employees under voluntary medical insurance for UAH 85.2 million

On July 21, PJSC National Energy Company (NEC) Ukrenergo announced its intention to conclude a voluntary medical insurance agreement for its employees with the TAS insurance group (Kyiv). According to the Prozorro electronic public procurement system, SG TAS offered UAH 85.159 million against the expected cost of services of UAH 88.013 million. Another tender participant, SK VUSO, offered UAH 87.967 million.

As reported, the winner of a similar tender a year ago was also SG TAS, which offered UAH 58.793 million against almost the same expected cost.

Ukrenergo operates trunk and interstate power transmission lines and provides centralized dispatching of the country’s unified energy system. NEC is a state-owned enterprise under the authority of the Ministry of Energy and Coal Industry of Ukraine.

 

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Ukraine to open embassies in 4 more countries by end of 2025

On the first day of the annual meeting of heads of foreign diplomatic missions of Ukraine 2025 under the slogan “From the power of diplomacy to the diplomacy of strength”, Foreign Minister Andriy Sibiga announced plans to open four more embassies by the end of this year.

According to the MFA website, these are embassies in the Dominican Republic, Ecuador, Panama, and Uruguay. At the same time, the Minister informed about the reduction of Ukraine’s diplomatic presence in Cuba. According to him, the freed-up resources will be used to strengthen Ukraine’s presence in the region.

The Minister also announced plans to open more than 10 new consular offices by the end of this year. The new consulates will be opened in Romania, Iraq, Italy, Germany, Slovakia, and two in France and Poland. In addition, the status of Ukraine’s consulates in Antalya and Gdansk will be raised to the level of consulates general.

Sybiga emphasized that Ukraine’s diplomatic service is initiating new strategies and revising previous ones.

“We look to the future and already see the global role of Ukraine, including in the post-war period. This is a meeting about the future and our geopolitical role,” he said.

In this context, the Ministry of Foreign Affairs for the first time initiated and prepared the Strategy of Ukraine on the Arctic, Antarctic and Oceans.

“This will allow us to guarantee Ukraine’s voice in global processes in the future,” he emphasized.

 

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Saudi Arabia launches project on prosthetic limbs for Ukrainians

Ambassador of Saudi Arabia to Ukraine Mohammed bin Abdulaziz Al-Baraka launched the fifth stage of the project of prosthetic limbs for Ukrainians in Poland, implemented by the King Salman Center for Humanitarian Aid and Support from July 14 to 21, 2025. Ambassador of Ukraine to Poland Vasyl Bodnar took part in the project.

This project is a continuation of the humanitarian aid provided by the Kingdom of Saudi Arabia to Ukraine, which included food, medicines and power generators. The aim of the project is to provide prosthetic limbs to those who lost them as a result of the war, which will help improve their quality of life and restore mobility.

The project embodies the Kingdom of Saudi Arabia’s commitment to alleviate the suffering of Ukrainian citizens in the ongoing war in Ukraine and is a continuation of its efforts to mitigate the humanitarian consequences.

The most important goals of the Saudi project are to provide medical assistance to Ukrainian disabled people in Poland. At this stage, prosthetic limbs were fitted to 20 beneficiaries, and the necessary measurements of the limbs for the next stage were taken. Their condition was also monitored, and post-prosthetic rehabilitation and medical education of Ukrainian beneficiaries was conducted.

The Saudi Humanitarian Support Program for Ukraine launched its first phase of the prosthetics project in September 2024. The current stage is the fifth within the framework of this project. Two more stages will be implemented by the end of 2025.

During the previous stages, 115 prosthetic limbs were provided with the participation of 43 qualified medical volunteers. The current stage is being implemented with the participation of seven volunteers. The goal of the project is to fit a total of 137 prostheses, bringing the average number of prostheses fitted per campaign to 30. The project uses the latest Direct Socket prosthetic technology.

The expected cost of all stages of the Saudi humanitarian project to provide prosthetics to Ukrainians, implemented and planned for implementation this year, is USD 3,481,674.67. This project is part of the humanitarian assistance provided by the Kingdom of Saudi Arabia to alleviate the suffering of amputees around the world, empower them and improve the quality of life in the affected areas of the world.

It should be noted that during the visit of Prince Faisal bin Farhan Al Saud to Kyiv in February 2023, Saudi Arabia announced various humanitarian aid packages to Ukraine in the amount of USD 410 million.

Source: arab.com.ua/ukr/news/saudivska-araviya-zapuskae-p-yatiy-paket-1752857775.html

 

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Ukraine will be able to process entire oilseeds harvest in 2025/26 MY – Ukroliyaprom

In 2025-2026 marketing year (MY), the Association “Ukroliyaprom” forecasts the production of oilseeds in the amount of 22 mln tons of oilseeds, which can be fully processed at domestic oil extraction plants (OEP), the press service of the association reports.

According to the industry association, in the current season Ukraine can harvest 13.0 mln tons of sunflower, 3.0 mln tons of rapeseed and 6.0 mln tons of soybeans.

“With the current capacities in Ukraine (excluding the temporarily occupied territories and the war zone), the entire harvest can be processed domestically,” Ukroliyaprom emphasized and added that they are hopeful about this after the adoption of the soybean-rape amendments, which provide for the introduction of an export duty on rapeseed and soybeans.

At the same time, the association said that they do not expect farmers and cooperatives to send the entire soybean and rapeseed crop for processing at the first stage.

Ukroliyaprom predicts that in 2025/26 MY, the mills will be able to process 1.5-1.6 mln tons of rapeseed and 3-3.2 mln tons of soybeans.

On July 16, the EBA highly appreciated the adoption of the draft law No. 13157 “On Amendments to the Tax Code of Ukraine in connection with the adoption of the Law of Ukraine ”On Integrated Prevention and Control of Industrial Pollution“ in the second reading, which contained ”soybean-rape” amendments. They provide for the establishment of an export duty on rapeseed and soybean seeds in the amount of 10% from the 1st day of the month following the adoption of the law.

“The adoption of this draft law in terms of establishing an export duty on rapeseed and soybeans will increase their processing and increase exports of high value-added products. Finally, Ukraine has created conditions for maximum processing of major oilseeds (sunflower, soybean, rapeseed) at domestic facilities,” the business association emphasized.

Ukroliyaprom reminded that since 1998 it had considered the introduction of a duty on oilseed exports as its main goal, which has finally been achieved. From now on, the industry association proclaimed the main task to maximize the processing of rapeseed and soybean seeds starting from 2025/26 MY.

As reported, the Ministry of Agrarian Policy and Food forecasted the harvest of rapeseed at 3 mln tonnes, soybean – 5.7 mln tonnes, sunflower – 20 mln tonnes in 2025 MY.

 

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“Dneprometiz-TAS” increased its profit by almost 21%

Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, increased its net profit by 20.8% year-on-year to UAH 8.936 million in January-June this year.

According to the company’s interim report, net income increased by 8% to UAH 1 billion 756.245 million in the period under review.

At the same time, the company’s retained earnings amounted to UAH 271.984 million at the end of June.

As reported, in the first quarter of 2025, Dneprometiz-TAS increased its net profit by 0.6% compared to the same period in 2024 to UAH 3.938 million, while net income decreased by 0.58% to UAH 778.319 million.

“In 2024, Dneprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net revenue increased by 22.7% to UAH 3 billion 285.688 million. At the same time, the company’s retained earnings amounted to UAH 263.048 million at the end of 2024.

“In 2023, Dneprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Last year, net income increased by 8.2% to UAH 2 billion 677.836 million.

“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.

“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.

The company is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.

The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.

 

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