Business news from Ukraine

Business news from Ukraine

Ukrainian farmers have harvested 3.1 mln metric tons of grain from new crop

As of July 14, Ukrainian farmers have begun harvesting early grain and legume crops in all regions of the country and have harvested 3.1 million metric tons of grain from the new harvest across 763,000 hectares, or 6% of the projected area, according to the press service of the Ministry of Economy, Environment, and Agriculture.

According to the report, barley currently accounts for the largest gross harvest—1.84 million metric tons from 417,700 hectares, with an average yield of 44.1 centners per hectare.

Wheat yields totaled 1.11 million metric tons from 280,700 hectares at a yield of 39.6 centners per hectare, while peas yielded 156,400 metric tons from 64,600 hectares at a yield of 24.2 centners per hectare.

The Odesa region leads in harvest pace, having harvested 1.001 million metric tons of grain from 238 thousand hectares. The Mykolaiv region has harvested 805.1 thousand metric tons from 227.3 thousand hectares, and the Dnipropetrovsk region has harvested 567.3 thousand metric tons from 148.2 thousand hectares.

In addition, farmers have begun harvesting winter and spring rapeseed. To date, 77,000 hectares have been threshed, yielding 149,100 metric tons with an average yield of 19.4 centners per hectare.

As previously reported, a total of approximately 11.3 million hectares were sown with winter and spring grains and legumes in Ukraine this year, while total plantings of oilseeds exceeded 20 million hectares.

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“Euro Land UA” plans to raise $8 million to build microfertilizer plant

Euro Land UA LLC (Euro Land UA) plans to raise $8 million for the construction of a liquid microfertilizer plant in the Ternopil region, according to the Ukraine Investment Guide 2026, presented at the Ukraine Recovery Conference (URC2026) in Gdańsk, Poland, which took place in late June.

The total project budget is $13 million, of which the company is prepared to finance $5 million using its own funds. A mixed financing structure (equity and debt) is envisaged.

The project involves the construction of a modern plant for the production of liquid micronutrient fertilizers based on EDTA technology. Its annual production capacity will be 10,000 metric tons of liquid micronutrient fertilizers, 5,000 metric tons of specialty fertilizers, and 3,000 metric tons of chelated micronutrients. The products will be supplied to Ukrainian agricultural producers as well as to export markets, primarily to EU countries.

According to the catalog, production is scheduled to begin 1.5 years after the project’s launch. The payback period is four years.

The project is currently in the advanced preparation stage: the product concept, formulation, and market positioning have been developed; negotiations are underway with technology partners; and the site selection and design of the future plant are in progress. Potential partners include the British company OMEX, as well as European suppliers of equipment and raw materials.

Euro Land Yue LLC was registered in 2017 in the Ternopil region. It specializes in supplying plant protection products, micronutrients, and other agrochemical products. Bogdan Kaminsky is the owner, ultimate beneficiary, and director of the company.

In 2025, Euro Land Uei LLC saw its revenue decline by 4.0% to 89.83 million UAH and its net profit fall by 33.1% to 10.88 million UAH.

 

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Silver crucian carp accounted for nearly 45% of Ukraine’s commercial catch

In January–June 2026, Ukraine’s commercial fishermen caught more than 1.92 thousand metric tons of aquatic biological resources in inland waters, according to the press service of the State Agency for the Development of Land Reclamation, Fisheries, and Food Programs.

As is traditional, silver crucian carp accounted for the largest share of the catch—857 metric tons, or about 45% of the total.
In addition, 360 metric tons of bream, 139 metric tons of roach, 103 metric tons of Black Sea herring, 95 metric tons of flathead, 83 metric tons of herbivorous fish (silver carp and white amur), 66 metric tons of pikeperch, and 49 metric tons of perch were caught.

The State Fisheries Agency noted that due to the blockade of the Black and Azov Seas resulting from Russia’s military aggression, commercial fishing for most marine fish species has effectively ceased, so the main burden falls on inland waters.
The largest catch volumes in the first half of the year were recorded in the Kremenchuk Reservoir—over 536 metric tons. In the lower Dniester region, including the lakes, the Turunchuk branch, and the Dniester Estuary, 400 metric tons of aquatic biological resources were harvested; in the Kamyanske and Dnipro Reservoirs, 373 metric tons and 230 metric tons, respectively.

In addition, the catch in the Danube River totaled 105 metric tons; in the Kaniv Reservoir, 101 metric tons; in the Kyiv Reservoir, 71 metric tons; and in the Dnipro-Bug estuary system, 64 metric tons. In the waters of the Tiligul and Berezan estuaries, 17 metric tons and 15 metric tons of aquatic biological resources were caught, respectively. The lowest catch volumes were recorded in Chernihiv Oblast—5 metric tons in the Dnipro River and 3 metric tons in the Desna River, including lakes.

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Farage’s allies are strengthening their presence in Montenegro amid country’s crypto ambitions

According to The Serbian Economist, people in British politician Nigel Farage’s inner circle have developed significant business and political interests in Montenegro in recent years, a country that Prime Minister Milojko Spajić wants to promote as a hub for the crypto industry, the Financial Times reports.

According to the publication, several individuals linked to Farage and the Reform UK party have shown interest in Montenegro. Among them are crypto investor Christopher Harborn, former Reform UK treasurer Mehrtash Azami, Farage’s former communications director Hayward Taylor, and longtime adviser George Cottrell. The publication attributes their interest in the country to its low costs, favorable climate, supportive stance toward the crypto sector, and the political opportunities offered by this small Balkan economy.

Harborne, who had previously transferred 5 million pounds to Farage, registered the company Longevity Biotech Systems in Tivat in 2023, while Azami and Tauler also established business entities in that city. According to the publication, Cotrall has long been active in Montenegro through the consulting firm Geostrategy; his lawyers have denied allegations related to his alleged support of political campaigns in the country.

Montenegro has become particularly attractive to such players amid Prime Minister Milojko Spajić’s push to develop the crypto industry. Spajić has promoted the idea that cryptocurrency mining and trading could become a significant part of the country’s economy.

Interest in Montenegro is also growing due to its European prospects. The country applied for EU membership in 2008, received candidate status in 2010, and accession negotiations began in 2012. According to the Council of the EU, Montenegro has opened all 33 negotiation chapters and, as of mid-June 2026, has provisionally closed 16 of them, remaining the most advanced candidate for EU accession.

Nigel Farage is one of the most prominent British Euroskeptic politicians, the former leader of UKIP, and the current leader of Reform UK. For many years, he was one of the leading public advocates of Brexit. According to the official website of the British Parliament, Farage served as the Member of Parliament for the Clacton constituency from July 4, 2024, and left the House of Commons on July 8, 2026.

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“Ukrnafta” paid another 1.43 billion hryvnia in dividends to state budget

“Ukrnafta” transferred another 1.43 billion hryvnia in dividends to the state budget.
Since the company came under state control, the total amount of dividends paid has already reached 16.73 billion UAH.
“Despite the widespread destruction of production infrastructure caused by Russian attacks, the need to restore and replace damaged equipment, as well as additional investments in facility security, “Ukrnafta” ensured stable transfers of a portion of its net profit to the state budget in 2025,” said Bohdan Kukura, Chairman of the Board of JSC “Ukrnafta.”
Currently, the intensity of shelling and destruction of the company’s production infrastructure and network of gas stations in frontline territories is increasing. Additional factors affecting the company’s financial condition include the global oil crisis, the need to import additional volumes of fuel in early 2026 to avoid a shortage of petroleum products in the country, and the obligation to allocate all domestically produced gas to meet the needs of the population.
Even under these conditions, the company maintains operational stability, continues production, supplies the country with high-quality fuel, invests in development, and fully fulfills its obligations to the state and local budgets.
JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company began managing Glusco’s assets. In 2025, it finalized an agreement with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is NAK Naftogaz of Ukraine, with a stake of 50% + 1 share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the portion of the company’s corporate rights that belonged to private owners; this portion is now managed by the Ministry of Defense.

 

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PrivatBank has launched a media campaign titled “Do Something—Something Will Happen”

State-owned PrivatBank has launched a large-scale media campaign titled “Do Something—Something Will Happen,” which will cover key communication channels, including radio, outdoor advertising, digital video platforms, social media—Instagram, TikTok, and Facebook—and banner networks, according to a statement posted Tuesday on the website of Ukraine’s largest financial institution.
“Our research and surveys show that during wartime, there’s no time to put things off until later; instead, we must live life to the fullest here and now, without waiting for a better time,” the release quotes Mikael Björkner, the bank’s chairman of the board, as saying.
“Whether it’s starting a business, raising a family, buying your first home, or spending more time with loved ones—we’re there for our customers through all these important moments,” he added.
It is noted that to launch the new branding campaign, PrivatBank created a music video featuring the artist thekomakoma, who is currently serving in the Armed Forces of Ukraine. The campaign’s ambassadors include Amil and Ramil from Kurgan&Agregat, veteran Rusya Danilkina, representatives of the Ukrainian business community—Marchuk Khlib and Nick.sense—as well as the bank’s clients who are developing their own projects, running businesses, pursuing creative endeavors, or transforming the country, each in their own way.
The press release does not include information on the campaign’s cost.
PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of June 1, 2026, amounted to 965.11 billion UAH (22.7% of the total).
The state-owned bank noted that, according to regular Brand Health Tracking surveys for the first quarter of 2026, the level of trust in it is higher than that of other financial institutions on the market and stands at 49%. The bank attributes this to the availability of accessible, personalized, and digitized products for its customers.

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