Business news from Ukraine

Business news from Ukraine

Bus registrations in Ukraine rose by 19% in June

Initial registrations of new and imported used buses (including minibuses) in Ukraine in June 2026 rose by 19% compared to the same month in 2025—to 183 units, according to a report by Ukravtoprom on its Telegram channel.

At the same time, compared to May of this year, demand for buses fell by 16%.
According to Ukravtoprom, the share of new vehicles in total bus sales in June continued to decline, reaching only 28%, compared to 48% last year and 31% in May of this year.

Last month, the most frequently registered new buses were Ataman models from the Cherkasy Bus plant (12 units), Ford (12 units), and ZAZ (11 units).
Among used buses, the top three were Mercedes-Benz (66 units), Volkswagen (12 units), and Van Hool (11 units).

In total, during the first half of 2026, Ukraine’s bus fleet was expanded by 1,230 buses (+4% compared to the same period in 2025). Of these: new buses – 500 units (-6%); used buses – 730 units (+12%).
As reported, citing data from “Ukravtoprom,” Ukraine’s bus fleet was expanded by 2,700 buses in 2025—21% more than in 2024—including 1,343 new buses (+4%) and 1,364 imported used buses (+44%).

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“Galfrost” Plans to Raise $28.5 Mln to Expand Production

Galfrost LLC (Zhovkva, Lviv Oblast) plans to raise $28.5 million to expand its integrated fruit processing complex and build new production and cold storage facilities in Lviv Oblast, according to the Ukraine Investment Guide 2026, presented at the Ukraine Recovery Conference (URC2026) in Gdańsk.

The total project budget is $35.5 million, of which the company is prepared to finance $7 million with its own funds and plans to raise an additional $28.5 million through project financing.

The project involves expanding production and cold storage capacity, launching new product lines, and increasing output of freeze-dried fruits and berries, individually quick-frozen (IQF) products, and thermostable fillings for the confectionery industry. The capacity of the cold storage complex is planned to be increased to 10,000 metric tons.

The project is expected to take two years to complete, with the new facilities expected to begin operations in 2029–2031, according to the catalog.

Galfroast LLC was founded in 2007. The company specializes in the processing, freezing, and freeze-drying of fruits and berries, produces fruit ingredients for the food industry, and exports its products to foreign markets. According to the company, it processes approximately 6,000 metric tons of frozen products and produces about 100 metric tons of freeze-dried fruits and berries annually.

Last year, Galfrost LLC increased its revenue by 20.3% to 603.5 million UAH and reported a net profit of 5.9 million UAH, compared to a net loss of 10.2 million UAH the previous year.

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Montenegro’s Economy to Grow by an Average of 3% a Year Until 2031 – IMF Forecast

Montenegro’s economy will demonstrate average annual growth rates of around 3% in 2027–2031, according to an updated forecast by the International Monetary Fund (IMF).

According to data from the Serbian Economist Telegram channel, these rates will be higher than the average figures both for European Union countries and for eurozone states, where more moderate economic growth is expected during the period under review.

Experts note that Montenegro is maintaining its position as one of Europe’s most dynamically developing economies, although it is not yet among the regional leaders in terms of growth rates. In their opinion, in order to accelerate economic development and reduce the gap with the most developed EU countries, the country needs to increase the volume of investment in the manufacturing sector, digital technologies, innovation, and other industries with high added value.

At present, the main drivers of Montenegro’s economy remain tourism, construction, and the services sector. However, economic diversification and the development of industrial production are regarded as key conditions for ensuring sustainable long-term growth and increasing the country’s competitiveness.

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NovaPay has registered new bond issue worth 200 mln hryvnia

The National Securities and Stock Market Commission (NSSMC) has registered the 15th issue of Series “O” bonds of the international financial service NovaPay (TM NovaPay), part of the Nova Group, issued by its subsidiary “NovaPay Credit,” with a face value of 200 million UAH, according to a company statement.

The NSSMC’s website notes that the bonds were issued in the standard denomination of 1,000 UAH each. The fixed yield on these bonds will be up to 18% per annum.

“We are consistently developing our corporate bond program, as we see steady interest from Ukrainians in this investment instrument,” NovaPay’s Director of Retail Business Development, Yana Levada, is quoted as saying in the press release.

She clarified that the registration of the new issue will allow the company to continue raising funds for the development of financial services and credit products.

In early June, the company fully placed its 14th bond issue—Series “N”—with a face value of 200 million UAH.

As previously reported, the number of investors who purchased NovaPay bonds exceeded 8,000, and the total sales volume reached 4 billion hryvnia, whereas in March of this year, these figures stood at over 7,000 investors and 3.5 billion hryvnia in investments.

In February, NovaPay announced the full placement of Series “M” bonds with a face value of 200 million UAH.

In total, 15 corporate bond issues have been carried out since 2023, of which two have been redeemed: Series “C” in the amount of 100 million UAH in 2025 and Series “A” in the amount of 100 million UAH in 2026.

NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), and provides financial services both online and offline at “Nova Poshta” branches. In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards; it was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.

In 2025, NovaPay increased its revenue by 10.4% to 10.01 billion UAH, while its net profit decreased by 22% to 2.58 billion UAH.

In January–March 2026, the company increased the volume of money transfers by 53% compared to the same period in 2025—to over 200 billion UAH—while the number of transactions rose by 12%—to 126 million.

According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.

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“KG Group” Plans to Raise $8.6 Mln for Biomethane Plant

KG Group LLC plans to raise $8.6 million to implement a project to build a biomethane plant in the Poltava region, according to the Ukraine Investment Guide 2026, presented at the Ukraine Recovery Conference 2026 (URC2026) in Gdańsk, Poland.

The total project budget is $15.7 million, of which the company is prepared to finance $7.1 million with its own funds, while the remainder ($8.6 million) is planned to be raised from investors.

The project has two potential locations—in the Semenivska or Omelnytska territorial communities of the Poltava region. Waste from local agricultural enterprises will serve as the raw material for biomethane production.

The catalog states that the feasibility study has already been developed, the land plot for construction has been secured, and gas pipelines to the future plant have been designed. Currently, the selection of an equipment manufacturer and the design of the connection to gas distribution networks are underway.

Founded in 2004, KG Group LLC is a Ukrainian group of companies comprising six enterprises. It operates in the field of natural gas and electricity supply, engages in the design, construction, and reconstruction of gas and heating networks and facilities, and handles the sale and servicing of gas equipment. Its main region of operation is the Poltava Oblast.

Last year, KG Group LLC increased its revenue by 39.5% to 69.1 million UAH and its net profit by 13.2% to 4.3 million UAH.

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Imports of goods into Ukraine rose by 29% in first half of year

Imports of goods into Ukraine from January through June 2026, in monetary terms, increased by 29% compared to the same period in 2025—from $38.3 billion to $49.3 billion, according to data from the Telegram channel of the State Customs Service (SCS) of Ukraine.

In contrast, the value of exports is growing more slowly: in January–June 2026, it totaled $21 billion, compared to $20 billion a year earlier.

“At the same time, taxable imports totaled $34.6 billion, accounting for 70% of the total volume of imported goods. The tax burden per kilogram of taxable imports in January–June 2026 was $0.58/kg,” the publication states.

The largest volumes of goods were imported into Ukraine from China ($13.9 billion), Poland ($4.7 billion), and Germany ($3.2 billion). The largest exports from Ukraine went to Poland ($2.4 billion), Turkey ($1.8 billion), and Italy ($1.3 billion).

Of the total volume of goods imported in January–June 2026, 72% consisted of the following categories: machinery, equipment, and transportation—$21.3 billion (upon customs clearance of these goods, 120.6 billion UAH, or 28% of customs duties, was paid to the budget); fuel and energy products—$7.4 billion (UAH 148.3 billion, or 34% of customs revenue), and chemical industry products—$6.9 billion (UAH 56.8 billion, or 13% of customs revenue).

The top three most exported goods from Ukraine were food products—$12.5 billion; metals and metal products—$2.2 billion; and machinery, equipment, and transportation vehicles—$1.8 billion.

The State Customs Service added that from January through June 2026, 802.3 million UAH was paid to the budget during customs clearance of exports of goods subject to export duties.

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