Business news from Ukraine

Business news from Ukraine

Ukraine and Slovenia agree on new projects to rebuild regions

Deputy Prime Minister for Recovery of Ukraine, Minister of Community and Territorial Development Oleksii Kuleba has agreed with Slovenian Finance Minister Klemen Boštjančič on a number of new projects to rebuild frontline regions.

“We have agreed on new projects in the areas of water supply, energy efficiency, and municipal infrastructure for frontline regions,” Kuleba wrote on Telegram on Saturday.

The deputy prime minister noted that they also discussed developing cooperation in rebuilding and supporting communities, attracting Slovenian businesses to Ukrainian projects, and strengthening technical cooperation between institutions in both countries.

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Astarta reduced sales of key products by 11% and revenue by 14.6%

Agro-industrial holding Astarta, Ukraine’s largest sugar producer, reduced its revenue from sales of key products by 14.6% in January-June 2025 compared to the same period in 2024: growth in milk sales did not offset the decline in sales across all other product groups.

According to data published by the holding company on the Warsaw Stock Exchange, in January-June 2025, the company sold a total of UAH 9.11 billion worth of its main products, compared to UAH 10.67 billion in the first half of 2024.

In particular, sugar sales in the first half of 2025 decreased by 29% in real terms compared to the same period in 2024, to 149,425 thousand tons, while the average selling price decreased by 5% to UAH 23,503 thousand (hereinafter per ton).

Astarta’s wheat sales in the first half of the year decreased by 92% to 80.33 thousand tons, while the average price increased by 4% to 8.822 thousand UAH.

Astarta did not sell any rapeseed in January-June 2025, although last year during the same period, 20.32 thousand tons were sold at a price of 18.52 thousand UAH.

Corn sales in the first half of the year decreased by 55% to 151.48 thousand tons, with a 20% increase in price to 9.722 thousand UAH.

In addition, Astarta reduced sales of sunflower seeds in January-March by 20% to 15,965 tons, while their selling price increased by 117% to UAH 28,697.

Sales of soybean oil in the first half of the year decreased by 13% to 23.72 thousand tons, while the price of the product also increased by 46% to UAH 44.7 thousand. Sales of soybean meal remained similar to the previous year at 87.76 thousand tons, while prices fell by 14% over the year to UAH 15.65 thousand.

The agricultural holding’s milk sales in January-June 2025 increased by 2% to 60.95 thousand tons, while the price of the product increased by 19% to UAH 19.28 thousand.

Overall, Astarta reduced sales of its main products by 11% in January-June: the decline in sales of wheat, corn, sunflower seeds, and soybean oil was partially offset by higher prices. The milk segment continues to show positive dynamics, with both sales volumes and product prices on the rise.

Ursula von der Leyen to meet with US President on Sunday

European Commission President Ursula von der Leyen will meet with US President Donald Trump on Sunday to discuss the prospects for a trade agreement between the EU and the US. Von der Leyen announced this on Platform X on Friday evening.
“After a productive conversation with the US president, we agreed to meet in Scotland on Sunday to discuss transatlantic trade relations and how we can keep them strong,” von der Leyen wrote on X.

 

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Concorde Capital estimates Ukraine’s need for external assistance in 2025-26 at $90 bln annually

Ukraine’s real deficit to cover all military and budget expenditures, which must be covered by foreign aid in 2025-2026, is approximately equal to the 2024 figure and amounts to about $90 billion annually, according to Alexander Paraschiy, head of the analytical department at investment company Concorde Capital.

“Ukraine’s total need for external assistance, both financial and military, averages approximately $90 billion for 2024, 2025, and 2026,” he said during a discussion titled “What awaits the economy in 2025 and beyond,” organized by the Center for Economic Strategy on Friday.

Parashchiy noted that in 2024, defense and security spending amounted to approximately $95 billion, this year it is likely to increase to $100-105 billion, and in 2026, according to the new Minister of Defense Denys Shmyhal, the need could reach $120 billion.
He recalled that other state budget needs amount to approximately $42 billion, while Ukraine will be able to collect about $55 billion this year through taxes, fees, dividends, and financing from the NBU’s profits.

“That means we have a hole of about $142-55 billion, which is much more than the financial deficit figure,” the Concorde Capital analyst explained his calculations.
According to him, this need will be covered this year mainly through the EPA program (via frozen Russian assets) and the EU’s Ukraine Facility program, as well as the remainder of previously approved military aid from the United States.

“Let’s hope that the new administration (in the US) will still provide assistance under the new programs. But the biggest question now, unfortunately, is the financing of the war in 2026, because our total need for both financial and military assistance next year could reach $100 billion. And how to cover this need, unfortunately, remains a very big question,” Parashchiy concluded.

As reported, this week Ukrainian President Volodymyr Zelensky said that Ukraine needs to cover a deficit of $65 billion per year, of which $40 billion is for budget needs and $25 billion is for domestic defense production.

EVA chain tests compact store format

On July 12, Rush LLC, owner of the EVA chain in Ukraine, opened its first store of the new compact format “EVA поруч” in the village of Zazimya in the Brovarsky district of the Kyiv region, according to the company’s press service.

By the end of 2025, the chain plans to open 10 EVA Nearby stores. The next openings are already scheduled for July in the Kyiv region in the village of Sofiivska Borshchahivka (Bucha district) and in the village of Hatne (Fastiv district).

It is specified that the experimental format of the compact “EVA Nearby” store will have an average area of about 60 square meters, which is 3-4 times less than a standard EVA store.

“This format is designed to help us meet consumer needs where this was previously impossible due to a lack of space sufficient to open a regular EVA store. EVA Nearby will ensure our presence where it is important to shoppers,” said Viktor Sredniy, COO of the EVA chain.

The range will include around 2,000 SKUs (15-20,000 SKUs in full-format stores). However, the compact format will also feature unique offers with a focus on the affordable price segment. The focus of the assortment will be on household chemicals, household goods, basic childcare products, hygiene products, and body and hair care products. Decorative cosmetics and perfumes will not be available in the new format. However, the advantage of the “EVA поруч” format is that such a store will serve as a pickup point for online orders.

Investments in opening an “EVA поруч” store amount to UAH 500,000, while launching a standard EVA store costs UAH 3-5 million, depending on the design of the retail outlet, its area, and the initial condition of the premises. Each compact store creates an additional 3-4 jobs.

EVA Nearby currently has experimental status. The strategic development potential of the format will be determined by the results demonstrated, which the company plans to evaluate in 2026.

Rush LLC, which manages the EVA chain, was founded in 2002. As of early 2025, the chain had 1,109 stores in operation.

According to Opendatabot, the owner of Rus LLC is listed as Incetera Holdings Limited (Cyprus, 100%), with Ruslana Shostak and Valery Kiptika as the ultimate beneficiaries.

At the end of 2024, Rush’s revenue increased by 28.2% compared to the previous year, to UAH 27 billion. Net profit decreased by 36.7%, to UAH 1.4 billion.

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Kachka discusses presidential bill on NABU and SAP with experts

Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Taras Kachka has met with civil society experts for the second time in a week to discuss preserving the full functionality of the law-enforcement and anti-corruption systems.
According to the Office of the Deputy Prime Minister, the key issue on the agenda is the discussion of the draft law No. 13533 on amendments to the Criminal Procedure Code of Ukraine and some legislative acts of Ukraine on strengthening the powers of the National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) submitted by the President of Ukraine Volodymyr Zelensky to the Verkhovna Rada.
“Thank you for your willingness to open dialog and cooperation. Thanks, in particular, to your expertise and preliminary consultations it was possible as quickly as possible to work out a draft of legislative changes aimed at responding to the challenges and ensure the institutional independence of the anti-corruption system,” – quotes Kachka press service.
He emphasized that such interaction between the public sector and civil society is already becoming systemic, and noted that further regular coordination with representatives of civil society is planned.
It is noted that during the meeting the parties also discussed the issues of realization of transformations provided for by the Roadmap in the field of the rule of law – in particular related to the further functioning of law enforcement agencies.
As reported, on July 24, President Volodymyr Zelensky introduced a bill to the Verkhovna Rada regarding the powers of NABU and SAP.

 

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