Business news from Ukraine

Business news from Ukraine

“Eska Capital” issues bonds for UAH 130 mln

Leasing company Eska Capital LLC is issuing UAH 130 million of three-year F series bonds without a public offering.
The National Securities and Stock Market Commission of Ukraine approved the issue on November 19 this year, according to its website.
There is no information on other parameters of the issue.
According to the register of the National Securities and Stock Market Commission (NSSMC), this is the sixth issue of bonds by Eska Capital: In 2018, the debut issue of UAH 30 million bonds was registered with maturity in February 2022, in 2020 – issues of series “B” and “C” of UAH 50 million each with maturity in November 2023 and February 2024, in 2021 – issue of series “D” for UAH 100 million with maturity in June 2026 and in 2023 – issue of series “E” for UAH 60 million with maturity in November 2026.
Since 2008, Eska Capital LLC has been providing international leasing services for new and used cars, trucks and commercial vehicles, as well as agricultural machinery, trailers and semi-trailers, and tractors from Europe, Asia and the United States.
Currently, Oleksandr Honcharuk is listed as the sole owner of the company, while previously its beneficiaries with equal shares of 50% were Sergiy Vaskov and Anton Dyadyura.
“ESKA Capital, according to its presentation, had a leasing portfolio of UAH 410 million as of the middle of this year, with trucks accounting for 54%, agricultural machinery for 19%, passenger cars and LCVs for 18%, and special equipment for 9%.
In 2023, the company increased its revenue by 36.1% to UAH 514.49 million and net profit by 3.3 times to UAH 28.49 million, but these figures are still lower than before the war – UAH 560.48 million and UAH 41.50 million, respectively.

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“TAS Agro” invests $22 mln in construction of bioethanol and biogas plants

In 2024, TAS Agro invested $15 million in new equipment and infrastructure, and in 2025 it will continue to upgrade it, with livestock farming, design of bioethanol and biogas plants, and expansion of the land bank as priorities, the company’s CEO Oleg Zapletnyuk said in an interview with Forbes Ukraine.
“Over the past year, we have restarted the company (…) We have attracted financing for equipment. The money was used to improve working conditions and operational activities. Our strategy does not yet include a sharp increase in assets, so we are lending on a limited basis. Our focus is on increasing efficiency,” he said.
According to the CEO of the agricultural holding, TAS Agro purchased 14 John Deere tractors, 167 units of trailed equipment, loaders, seeders, manipulators, 45 Renault Duster pickups for agronomists, and 6 buses for transportation of employees in the 2024 season.
In addition, TAS Agro has begun building modern workshops and offices in the regions of its presence, and has set up service centers to repair equipment in the field.
In 2025, the agroholding intends to continue updating its equipment and complete the creation of anchor facilities in clusters: offices, warehouses, gas stations, for which it will allocate $7 million.
At the same time, the updated technology park allowed the agricultural holding to adjust its tillage technology and switch to deep loosening, vertical tillage, and strip-till sowing of rapeseed and wheat instead of plowing.
“This helped us reduce emissions and receive up to $800,000 in carbon certificates as part of a program to reduce our carbon footprint. How does it work? Each production facility in the EU has an emissions quota, and if a company cannot meet it, it buys a certificate from those who have reduced emissions on the stock exchange. This is a pretty good way for Ukrainian agricultural companies,” said Mr. Zapletniuk.
The agricultural holding has prioritized livestock production. In October 2024, TAS Agro transferred the buffalo farm TASbio to the management of TAS Agro. It produces cheeses that are sold in Le Silpo, Goodwine and Wine Time.
The agricultural holding plans to invest in the modernization of the dairy farm in 2025. “TAS Agro intends to build another farm for 1200 free-range cows, work with herd genetics, and introduce new approaches to feed production. In addition, the agroholding plans to improve herd housing and equip cattle facilities with climate control. Mr. Zapletnyuk added that Roshen buys milk from the agricultural holding mainly.
The agroholding plans to build bioethanol and biogas plants on the basis of dairy farms to create a closed production cycle.
“As for the energy sector, we are just developing a project. We will implement it in several stages by the end of 2027. The preliminary estimate of investments in biogas, bioethanol, and farm expansion is up to $15 million,” said Zapletniuk.
In addition, in 2024, TAS Agro bought an elevator with a storage capacity of 40 thousand tons in Chernihiv region. Along with it, a seed plant was sold, which also has a storage capacity of 10 thousand tons. The acquired assets, according to the CEO, will allow the agricultural holding to solve the storage problem and improve logistics. “TAS Agro plans to launch the acquired seed plant, which will produce wheat and soybean seeds.
At the same time, TAS Agro bought 2.5 thousand hectares of corporate rights in Vinnytsia region for long-term lease in the 2024 season. The plan for the next year is to expand the land bank by at least 10 thousand hectares to 90-95 thousand hectares.
Thanks to the resumption of the work of Ukrainian seaports, the agricultural holding has abandoned plans to acquire its own fleet and is no longer considering such investments, summarized the CEO of TAS Agro.
TAS Agro was established in 2014. Its land bank includes 88 thousand hectares in Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad and Mykolaiv regions. The holding specializes in crop production, with elevators with a capacity of about 250 thousand tons. The livestock business is represented by a cattle herd of 5.5 thousand heads, of which 2.5 thousand heads are dairy cattle.
According to the Opendatabot resource, the company’s revenue in 2023 amounted to UAH 2.588 billion, net profit – UAH 155.842 million, debt – UAH 1.2 billion, assets were estimated at UAH 1.8653 billion, and the number of employees – 129. The authorized capital is UAH 8 thousand.
The agricultural holding is part of the TAS group, which was founded in 1998. Its business interests include the financial sector (banking and insurance segments) and pharmacy, as well as industry, real estate, and venture capital projects.
The founder of TAS and the beneficiary of TAS Agro is Sergiy Tigipko.

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Ukraine is key donor of food security in world – Zelenskyy

On Holodomor Remembrance Day, President of Ukraine Volodymyr Zelenskyy emphasized the importance of Ukraine as one of the world’s donors of food security and stressed the need to ensure the security of food supply routes.

“Since the launch of our Grain from Ukraine program, 20 million people have been saved from starvation. And this is only thanks to our humanitarian program. In total, Ukrainian food exports provide 400 million people in 100 countries,” he wrote in a telegram on Saturday.

Zelensky emphasized that Ukraine is one of the world’s largest donors of food security. “And we maintain this importance despite the full-scale war.”

“That is why it is so important that we continue to stand together in protecting food security, the security of food supply routes and other critical exports. With this war against Ukraine, Russia has shown that there are no countries in the world that are really far from each other. Everything in the world is now connected. We are all equally interested in ensuring that no one in the world fights against food,” Zelensky emphasized.

184 companies in Ukraine under NSDC sanctions

More than 15% of sanctioned companies will be under restrictions for life

184 companies in Ukraine are currently under NSDC sanctions, according to the National Security and Defense Council of Ukraine. Most of these businesses are located in Kyiv, Odesa, and Lviv. Most often, these companies are engaged in wholesale trade, except for the trade in motor vehicles and motorcycles.

Most of the companies appeared on the sanctions list after a series of updates in 2024. So this year, the number of such businesses has almost tripled: by 119 companies. By contrast, the fewest companies were added to the sanctions list in 2023 – only 10 (5.4%).

Every second company in the total number will be under sanctions until 2027. Another 19.4%, or 36 businesses, will be released from the restrictions no earlier than 2034. The sanctions are in place for an indefinite period of time, with 15.1% or 28 companies.

The majority of these businesses are wholesale trade, except for trade in motor vehicles and motorcycles – 61 companies (33.2%). Another 10.3% are engaged in specialized construction work – 19 companies.

Film production and construction of buildings are in the top three, with 7 companies or 3.8% each.

Most businesses under sanctions are located in Kyiv – 102 in total. There are significantly fewer companies in Odesa region – 17 or 9.2%. Lviv region is also among the leaders in terms of the number of companies – 13 or 7.1%.

Among the sanctioned companies, the top three in terms of revenue in 2023 are as follows:

The sanctions list can only be left if the President of Ukraine signs the relevant decision of the National Security and Defense Council or if the sanctions against the company have expired and have not been renewed. The most profitable businesses that have already left the sanctions list are:

Detailed information about the companies under the NSDC sanctions can be found in the special register of the Openatabot. The relevant information will also be available in the regular company card on our website.

https://opendatabot.ua/analytics/rnbo-companies

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Supervisory Board of Ukrenergo suspended powers of Andrii Nemyrovskyi, member of Management Board

The Supervisory Board of NPC Ukrenergo has suspended the powers of Andrii Nemyrovskyi, a member of the company’s Management Board, by agreement of the parties. According to the company’s website, the decision was made on November 18, 2024. He has been working in this position since the summer of this year, and was also a member of the board of NPC in 2021.

Nemyrovskyi joined Ukrenergo in 2017. He worked at the NPC as Director of Market Development and Customer Service, Director of Market Development and IT, and was responsible for the creation of IT infrastructure, development and operation of the new market model, operational and technical management of the IPS of Ukraine and integration into ENTSO-E.

As reported, at the same meeting on November 18, 2024, NPC Ukrenergo appointed Vitalii Zaichenko, Chief Dispatcher of NPC and Director for Management of the Integrated Power System of Ukraine, to the Board.

The Management Board of Ukrenergo also includes Oleksii Brekht (Acting Chairman), Serhii Halahan (IT) and Oleh Skrypnyk (Finance).

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Ukraine launches Unified Pet Register

The first stage of the launch of the Unified State Register of Pets has started in Ukraine, with veterinarians being authorized, Minister of Agrarian Policy and Food Vitaliy Koval said in a telegram.

“The Unified State Register of Pets is a state register on the Diia.Engine platform. It will store data on cats, dogs, and ferrets: the name and description of the animal, information on vaccination and biosterilization, contacts of owners or keepers, and other data essential for animal health,” the minister said.

Koval reminded that the registry’s goal is to help prevent the spread of dangerous diseases more effectively, harmonize Ukrainian animal treatment legislation with the European one, and foster a culture of responsible owners who take proper care of their pets.

The register will be introduced in two stages. At the first stage, the Ministry of Agrarian Policy will focus on engaging veterinary clinics and doctors to work with the platform.

Veterinarians must submit an application to the State Service for Food Safety and Consumer Protection. To do this, the head of the veterinary medicine institution fills out an application in the office in the Register. The State Service of Ukraine on Food Safety and Consumer Protection checks the data provided, approves or rejects the application within 10 business days and sends a notification of the result of the review to the applicant’s e-mail.

After the authorization is confirmed, the head of the veterinary institution will be able to enter data on veterinarians who will directly register animals in the Register. After that, veterinarians-registration agents must log in to their offices in the Register and complete their data.

After authorization, the veterinary institution will be ready to start registering pets with the official start of the second stage of the Registry launch. The Ministry of Agrarian Policy will announce the pet registration campaign later.

As reported, the Unified State Register of Pets is a joint project of the Ministry of Agrarian Policy and Food of Ukraine, the State Service of Ukraine for Food Safety and Consumer Protection, and the Ministry of Digital Transformation.