Business news from Ukraine

Business news from Ukraine

More than 13 mln liters of fuel at discount for military at UKRNAFTA filling stations

The Plus program, which the UKRNAFTA filling station network implements jointly with the Ministry of Defense of Ukraine within the Army+ application, demonstrates stable efficiency and real support for the military.

Since the start of the project in December 2024, the military has refueled 13.3 million liters of fuel. The savings amounted to UAH 36.1 million. Another UAH 4.2 million was saved on cafe products and UAH 707.9 thousand on goods in the stores at the filling stations. In total, almost 100,000 military personnel have already taken advantage of the special discounts.

We remind you of the discounts for the military with Army+ at UKRNAFTA filling stations:

* -3 UAH/l for gasoline and diesel (up to 200 liters per month)

* UAH 0.5/l for liquefied gas (up to 200 liters per month)

* -30% for cafe products

* -10% for goods in stores (except for alcohol, tobacco and promotional goods, up to 2000 UAH/month).

UKRNAFTA consistently provides special service conditions for the defenders of Ukraine. The company thanks everyone who serves and continues to support the military every kilometer of their journey.

“Ukrnafta is the largest oil company in Ukraine and the operator of the national network of filling stations. In March 2024, the company took over management of Glusco’s assets and operates 545 filling stations – 461 owned and 84 managed.

The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is now managed by the Ministry of Defense.

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VUSO insurer turned out to be only bidder for 134 mln hryvnia VHI tender of Oschadbank

On July 17, JSC “Oschadbank” opened the bidders’ offers for voluntary medical insurance of employees. As reported in the system of electronic public procurement Prozorro, the offer of the only bidder – IC “VUSO” – amounted to 134.285 million UAH. The expected cost of purchasing services is UAH 134.3 mln.

As it was informed, the winner of the similar tender a year ago was also IC “VUSO” with the price offer of UAH 114,2 mln against the expected cost of UAH 114,8 mln.

IC “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.

 

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KSG Agro has updated its herd with Danish sows to increase efficiency by 20%

KSG Agro has updated the herd at its pig farm in Dnipropetrovs’k region with 500 sows of Danish genetics, which will increase the efficiency of pig breeding by 15-20%, the group’s press service reports.

According to the report, the agricultural holding has already received the second batch of 250 purebred sows of Danish Pig Genetics from the supplier Breeders of Denmark A/S (Denmark). The first batch of the same volume was delivered to the company at the end of May this year.

Thus, the agricultural holding has completed the planned renewal of the pig herd with Danish genetics sows, which have high reproductive efficiency and are capable of producing high-quality piglets that will later become valuable fattening animals. This herd renewal will allow KSG Agro to replenish its pig population with four thousand of the most stable, highly productive F-1 hybrid sows this year.

“In the difficult conditions of the wartime period, realizing that the country’s food security depends on us, we focus on improving the efficiency of the pig production. We have always relied on the world’s best pig genetics, and the current partnership with the Danish Breeders of Denmark A/S is a logical continuation of this strategy. I am confident that this year we will see a 15-20% increase in production efficiency due to the renewal of the herd. These are quite realistic plans,” said Sergiy Kasyanov, Chairman of the Board of Directors of KSG Agro, as quoted in the statement.

KSG Agro noted that it had invested several hundred thousand euros in the renewal of its pig herd with 500 sows, but did not name a specific amount under the terms of the contract.

KSG Agro, a vertically integrated holding company, is engaged in pig production, as well as the production, storage, processing and sale of grains and oilseeds. Its land bank in Dnipropetrovska and Khersonska oblasts is about 21 thousand hectares.

According to KSG Agro, it is one of the top five pork producers in Ukraine. In 2023, the agricultural holding started implementing a “network-centric” strategy, which will move from developing a large location to a number of smaller pig farms located in different regions of Ukraine.

 

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Currency exchange network of KYT Group reached 99 branches – expansion in Dnipro

KYT Group, one of the leaders in the currency exchange and financial services market in Ukraine, continues to dynamically expand its network in key cities of the country with high economic activity.

In Dnipro, the 99th branch of the KYT Group brand network, which has a national coverage and covers 31 settlements of Ukraine: from large metropolitan areas to cities with high economic activity, welcomes its first customers.

This is the sixth branch directly in Dnipro city and the ninth within the region, where one branch operates in Kamianske and two more in Kryvyi Rih. Expansion of KYT Group network presence in Dnipro is a response to the consistently high demand among the city and region residents for transparent quality service and favorable conditions from the national leader in the field of currency exchange.

The new exchange office is located at 90 Nauky Avenue, Dnipro, in a convenient location with active pedestrian traffic. The outlet adheres to the standard working hours for the network in all locations of its presence – from 09:00 to 19:00 seven days a week. Additional information about courses and services is available on the regional website of the KYT Group brand network kyt-obmin.dp.ua, by calling the customer support number of Dnipro city and region 0 800 33 20 57 or on the official telegram channel of the KYT Group network in the region @obmenka_dneprua.

Dnipro city is one of the strategic regions of presence of the KYT Group network of currency exchange offices as one of the largest industrial and economic centers of Ukraine.

Clients of the network in Dnipro and the region, as well as throughout the country, have access to key advantages and service options

Ø online fixing of the exchange rate for 60 minutes via the official website, telegram channel or the company’s customer support service – a unique solution for the Ukrainian market that allows you to plan an exchange in advance at the most favorable terms even in the face of a fluctuating exchange rate;

Ø special conditions for wholesale currency exchange – convenient for clients with large volumes of transactions seeking the most favorable offer.

The geographical expansion of KYT Group’s presence is aimed at providing Ukrainians with even wider access to services that meet the highest industry standards.

The new branch of the network in Dnipro city is decorated in the updated visual identity of the brand. This is part of the large-scale rebranding of KYT Group, which emphasizes the position of an innovative leader in the non-banking financial services market, which is constantly working to improve services and digital infrastructure and enhance customer experience, while remaining a reliable partner for Ukrainians in the field of foreign exchange transactions.

During 2024-2025, the KYT Group network is actively investing in expanding its geographical presence as a national leader in the currency exchange segment. New branches of the network were previously opened in Chernivtsi, Ivano-Frankivsk, Zhytomyr, Kamianske, Uman, Chernihiv, Dnipropetrovs’k and Kyiv regions.

REFERENCE

KYT Group is an international multiservice product-based FinTech platform with currency exchange as its flagship business. KYT Group is one of the largest operators of this segment in the Ukrainian financial market. According to data of the National Bank of Ukraine, KYT Group’s currency exchange network ranks first in the industry ranking in terms of taxes paid, capital, and business success in terms of financial results. The network of 98 exchange offices of KYT Group covers 31 of the largest cities of Ukraine and settlements with high business and economic activity. The company’s operations comply with the NBU’s regulatory requirements.

KYT Group’s long-term efforts to achieve leadership positions, improve services, customer and IT infrastructure have been recognized by the prestigious Banker Awards 2024 in the nomination Reliable Technology Partner for Exchange Operations”, as well as the award “Financial Market Leader” among non-bank financial institutions according to the “TOP-100. Ratings of the largest”.

 

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INGO Insurance Company paid UAH 81 mln for losses caused by fire at Korolivsky Smak plant

INGO Insurance Company has finally completed the process of compensation for losses after the high-profile fire that occurred in the winter of 2024 at the production facilities of Viktor & K (Korolivsky Smak brand) in Kirovograd region.

According to the insurance company, the total payout amounted to UAH 81.4 million. This is one of the largest insurance payments in the industrial insurance sector in recent times.

The company clarifies that during the fire that occurred on February 15, 2024, in the village of Vlasivka in Kirovograd region, the fire completely destroyed the oil press shop, the finished product warehouse and all the technological equipment inside. The buildings are beyond repair after the fire. According to law enforcement officials, the fire was caused by an arson attack by an unidentified person. The criminal case is still ongoing, and there are no results of the investigation yet.

According to the insurance company, the loss settlement process proved to be particularly difficult due to the extent of the damage and the need for an accurate and professional assessment.

The full amount of compensation was paid to the company on July 1. Of the UAH 81.4 million paid out, more than UAH 64 million was for buildings and almost UAH 17 million for equipment.

“This insurance event is one of the largest in the industry in recent years. According to insurance market experts, such precedents are important because they confirm the ability of insurance to support business in difficult conditions,” the information emphasizes.

Viktor & K is known for the Korolivsky Smak brand, which produces mayonnaise, ketchup, sauces and oils.

INGO Insurance Company JSC holds licenses for 18 classes of insurance and has been providing insurance services to both individuals and companies for over 30 years. INGO Insurance Company is among the largest insurance companies in Ukraine in terms of premiums, own assets and insurance claims. Its network includes 25 branches, five offices and nine customer service centers operating in all regions of the country.

Since 2017, the main shareholder is the Ukrainian business group DCH.

 

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OKKO expands agribusiness: investments in Kairos Holding and new bioethanol plant

The Antimonopoly Committee of Ukraine (AMCU) has granted permission to Vitaly Antonov’s Vi.An Holding Limited (Limassol, Cyprus) to acquire control over Kairos Holding LLC, the AMCU press service reported on Facebook.

“The decision to acquire is a logical continuation of our development strategy in the agricultural sector and expansion of the land bank. The interest in Ternopil and Rivne regions, where the land bank of the above-mentioned company is concentrated, is due to both favorable natural and climatic conditions and better yields compared to other regions of Ukraine,” the corporate communications department of OKKO Group commented on the AMCU’s decision.

The company also reminded that it is completing the construction of an elevator with a storage capacity of 60 thousand tons, and a bioethanol plant is under construction, which is expected to start production in the second half of 2026. The facilities are designed to produce 85 thousand tons of bioethanol per year, both for domestic needs and for sale to foreign markets.

In addition, OKKO called the partnership with Gadz-Agro (Ternopil region) an important component of its agricultural portfolio, with which the company is developing agricultural production.

Kairos Holding LLC was founded in 2024 in Lviv. The company specializes in growing cereals, legumes and oilseeds, organizing the construction of buildings, intermediary in the trade of a wide range of goods, wholesale of solid, liquid and gaseous fuels, etc.

According to the Opendatabot service, in 2024, the company received revenue of UAH 1.543 million, a net loss of UAH 1.136 million, has debt obligations of UAH 857.395 million, and assets are estimated at UAH 856.31 million. The authorized capital is UAH 50 thousand. The company employs 1 employee. The beneficiaries are businessmen Bohdan Kuspis and Ivan Kotsyo, who own a number of bakery plants in Lviv and Vinnytsia, restaurants, construction companies, etc.

OKKO Group unites more than 10 diversified businesses in manufacturing, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.

The group’s founder and ultimate beneficiary is Vitaliy Antonov.

 

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