Kyivstar, Ukraine’s largest mobile operator, will gradually update certain tariffs from December 18 this year and throughout early 2026 to compensate for the rising cost of key resources.
“Starting December 18, 2025, and throughout early 2026, the terms of some subscription rates will be gradually updated, and starting January 1, 2026, and over the course of several months, some contract and business rates will also be updated,” the company said.
It is noted that these conditions are being introduced due to the rise in the cost of key resources, in particular, electricity for businesses, which has risen by 60% during evening peak hours.
The technical community of the telecommunications market “Mobile Communications of Ukraine” reported on Telegram that the new tariffs will affect, among other things, the LOVE UA line. Specifically, LOVE UA Base will increase from 150 UAH to 200 UAH/4 weeks, LOVE UA Bezlim 2024 from 225 UAH to 300 UAH, LOVE UA Pesnya 2024 from 250 UAH to 300 UAH, LOVE UA Svet 2024 from 200 UAH to 260 UAH, LOVE UA Light 2024 (with the superpower Economy) will increase from 150 UAH to 200 UAH, and the LOVE UA Freedom 2024 tariff will increase from 125 UAH to 190 UAH.
Among other changes, the operator announced the expansion of the “Roaming as at home” service from 28 to 32 countries, including Iceland, Norway, Liechtenstein, and Cyprus, starting December 18.
For subscribers abroad, roaming limits of UAH 2,000 and UAH 4,000 will be introduced from January 1, which will help avoid unexpected Internet costs.
As reported, Kyivstar received EBITDA of UAH 7.1 billion in the third quarter of 2025, which is 21.5% more than in the third quarter of 2024, and in dollars, the growth was 20.4% to $171 million.
Kyivstar served 22.5 million mobile subscribers in the third quarter of 2025, which is 3.6% less than a year earlier, but the number of 4G customers grew by 2.4% to 15 million.
19 Ukrainian sites have been added to UNESCO’s International List of Cultural Property under Enhanced Protection, bringing the total number of Ukrainian sites on the list to 46, according to Deputy Prime Minister for Humanitarian Policy and Minister of Culture of Ukraine Tatyana Berezhnaya.
“The UNESCO Committee for the Protection of Cultural Property in the Event of Armed Conflict has just supported Ukraine’s initiative and adopted a corresponding decision. This is an important international victory and recognition of how responsibly Ukraine complies with international humanitarian law even during a full-scale war,” Berezhna wrote on Facebook on Thursday.
According to her, the total number of Ukrainian sites on the list has increased to 46. “This makes Ukraine one of the countries with the largest list of cultural heritage sites under the highest international legal protection in the field of humanitarian law,” the minister emphasized.
Berezhna noted that enhanced protection is the highest level of international legal protection provided for by the Second Protocol to the 1954 Hague Convention. Sites that receive this status must meet three key requirements: be of exceptional importance to humanity; be protected at the national level; and not be used for military purposes.
“In the context of full-scale Russian aggression, Ukraine has become the first country in the world to apply the mechanism of enhanced protection on a large scale during wartime, setting a new precedent in international practice,” the Minister of Culture emphasized.
According to her, it was also on Ukraine’s initiative that a discussion began last year on international legal responsibility for violating the immunity of objects under enhanced protection. The results of the study, conducted by a group of international experts, were presented during the 20th Session of the Second Protocol Committee.
The following sites were added to the Enhanced Protection List: Akkerman Fortress, Belgorod-Dnestrovsky, Odessa Region; Uspensky Cathedral, Kharkiv; Borisoglebsky Cathedral, Chernihiv; Kharkiv Academic Ukrainian Drama Theater named after Taras Shevchenko, Kharkiv; Church Building (St. Paul’s Church), Odessa; L.E. Kenig’s Estate: Palace (Main House), Trostyanets, Sumy Region; Molchansky Monastery, Putivl, Sumy Region; Pokrovskaya Church, Kharkiv; Primorsky Staircase, Odessa; Voskresenskaya Church, Sumy; Kirillovskaya Church, Kiev; Spaso-Preobrazhensky Cathedral, Sumy; Troitsky Cathedral, Sumy; The site of the chronicle city of Iskorosten, Korosten village, Zhytomyr region; The archaeological complex “Ostrov Baida,” Zaporizhia; Odessa Museum of Western and Eastern Art, Odessa; Odessa National Art Museum, Odessa; Odessa National Scientific Library, Odessa; Museum of Carpathian Art, Ivano-Frankivsk.
“Violating the ‘immunity’ of such sites is a serious international crime and entails double responsibility – both for the state and for individuals,” Berezhnaya noted.
Berezhna expressed her gratitude to UNESCO for its support of Ukraine, to Deputy Minister of Culture Anastasia Bondar, as well as to Lina Doroshenko and the entire team for their work. “I would also like to thank my colleagues from the Ministry of Foreign Affairs of Ukraine / MFA of Ukraine for their coordinated work,” she added.
Ukraine could attract up to €4 billion in private investment and create more than 17,000 jobs thanks to innovative construction, which includes the use of geopolymers, hempcrete, and 3D printing, according to a report by the International Finance Corporation (IFC) of the World Bank Group, “Rebuilding Ukraine: Opportunities for Investment in Innovative and Sustainable Construction.”
“As of the end of 2024, 13% of the total housing stock had already been damaged or destroyed, and a significant part of the country’s infrastructure had been affected in all major sectors (e.g., energy, transport, telecommunications, industry, social sector). The total investment needs for restoration and reconstruction were estimated at over $0.5 trillion over a decade, with housing accounting for the largest share,” the report says.
The IFC emphasizes that reconstruction creates an opportunity to build housing in a better and more efficient way, and the study identifies promising building materials and technologies that can help achieve this and build hundreds of millions of square meters of new, energy-efficient construction.
At the same time, the authors of the document note that private investment in innovative construction is hampered by a number of obstacles, including regulatory barriers, limited access to financing, low levels of education in the industry, and a shortage of skilled workers.
According to the study, Ukraine needs additional production capacity: 8 million tons of geopolymers, with an estimated investment of $1.36 billion, 6 million square meters of precast reinforced concrete – $1.5 billion, 0.7 million tons of basalt wool – $420 million, 0.1 million tons of basalt reinforcement – $420 million.
This list also includes the creation of capacity for the production of 0.5 million tons of hemp concrete, which requires $20 million in investment, 1 million cubic meters of autoclaved aerated concrete (AAC) – $100 million, 3D printing for construction – $50 million, and special glazing for 8 million square meters – $72 million.
3D PRINTING, geopolymer, innovative construction, INVESTMENT
PJSC Dnipro Metallurgical Plant (DMZ), part of DCH Steel, a group owned by businessman Oleksandr Yaroslavskyi, has completed its transition to continuous casting and has begun developing a new type of rolled product
According to information in the DCH Steel corporate newspaper, during the production campaign in November, 6,400 tons of products were manufactured in rolling mill No. 2.
It is specified that the rolling campaign lasted from November 12 to 22 without days off and was carried out in a very intense mode. Due to a decrease in orders, the shop worked on a two-shift schedule for the first time—it was necessary to manufacture a wide range of products and conduct important experiments. Constant air raid alerts and the risk of power outages complicated the work.
“It was one of the most intense campaigns in recent years. The workshop team was well prepared and successfully coped with the production tasks. They worked even faster than planned and did not allow significant overspending of energy resources,” said Yuriy Mikhailiv, Deputy General Director for Production and Technology.
According to him, during the campaign, a standard selection of channels from 14 to 30 was produced. In addition, 1,400 tons of channels were rolled according to European standards, as well as small volumes of 125 angles and SVP-22 mine props. Deliveries of billets to DMZ began two weeks before the start of production.
U100, U120, U140, and U160 channels were manufactured for the European market. Testing of rolls continued, a small batch of which the company purchased abroad in the summer. Based on the test results, the company plans to continue cooperation with the new supplier.
The shop also began mastering the production of Ø60 circles.
“The design of the 550 mill differs from those on which circles are usually manufactured. However, the experiment showed that the shop has the potential to produce this profile. We ran several blanks through the mill line and identified technical issues that need to be worked on. We will move forward step by step,” said Mikhailov.
The next production campaign in rolling shop No. 2 is planned for February.
As reported, DMZ reduced its rolled steel production by 23.1% in the first seven months of 2025 compared to the same period last year, to 26,000 tons.
In 2024, DMZ reduced rolled steel production by 59.4% compared to 2023, to 42.9 thousand tons, and coke production by 1.2%, to 289.1 thousand tons.
In 2023, DMZ increased its production of rolled metal by 86.2% compared to 2022, to 105,600 tons, and coke by 38.5%, to 292,700 tons.
In 2022, the plant reduced its production of rolled products by 74.2% compared to 2021, to 58.4 thousand tons, and coke by 56.3%, to 211.3 thousand tons.
DMZ specializes in the production of steel, cast iron, rolled products, and products made from them.
On March 1, 2018, the DCH Group signed an agreement to purchase the Dnipro Metallurgical Plant from Evraz.
The European Bank for Reconstruction and Development (EBRD) has provided Credit Agricole Bank (Kyiv) with a new guarantee that will enable the financial institution to issue loans to Ukrainian enterprises in the amount of EUR 150 million and cover up to 80% of the risk on them.
“We have a long-standing partnership with the EBRD and share a common vision of investing in resilience and sustainable development. Together, we are helping businesses recover, strengthen, and reduce their dependence on external risks, which is fully in line with our AIR strategy: Aim is to Invest in Recovery,” said Carlos de Cordoba, Chairman of the Board of Credit Agricole Bank, in a press release on Tuesday.
Under the terms of the program, Credit Agricole Bank will provide EUR 150 million to companies operating in critical sectors, as well as SMEs and mid-cap companies investing in energy production and storage, energy efficiency, and modernization.
As noted on the EBRD website, the project is divided into three components: the Resilience and Livelihoods Program, the Energy Security Support Facility, and the EU4Business–EBRD credit line with investment incentives.
The largest share of the portfolio coverage – up to EUR 80 million – is intended to finance working capital and private business investments in key sectors. EUR 40 million is earmarked for power generation, energy storage, and energy efficiency, and EUR 30 million for the modernization of MSMEs in line with EU standards, of which at least 70% must support green projects. This block provides for technical assistance and grant incentives after the completion of investments.
Eligible enterprises will also be able to receive technical assistance and investment incentives funded by the EU under the EU4Business initiative. Additional grants are provided for businesses and households that have suffered destruction, loss of assets, forced displacement, as well as for companies that promote the reintegration of veterans, persons with disabilities, and IDPs.
It is noted that this is already the third agreement on portfolio risk sharing between the EBRD and Credit Agricole Bank since the start of the full-scale invasion by the Russian Federation.
The EBRD has previously allocated EUR 75.4 million in EU grants to Ukrainian MSMEs under the EU4Business-EBRD line, of which EUR 2.25 million was allocated to projects involving Credit Agricole Bank.
According to the EBRD, since the start of the full-scale invasion, the bank has provided Ukrainian borrowers with approximately EUR 3.29 billion through 40 similar agreements with 12 partners. The loan programs are supported by partial coverage of first-loss risk, which is financed by France and the EU under the Investment Facility for Ukraine (UIF).
Credit Agricole Bank was founded in 1993, and its sole shareholder is Credit Agricole S.A. (France). According to the NBU, as of October 1, 2025, the bank ranked 11th (UAH 116.26 billion) among 60 banks in Ukraine in terms of assets.
The second-largest Ukrainian mobile operator, VF Ukraine (Vodafone Ukraine, VFU), which, in connection with the payment of dividends at the end of May, repurchased its own Eurobonds worth approximately $17.7 million based on several offers, has announced another similar tender at a price of 98% of the nominal value for a total amount of $1 million 164.7 thousand.
As noted in a statement on the Irish Stock Exchange on Thursday, prior to this, on December 2, the company made another monthly tranche of dividend payments in the amount of UAH 49.315 million, which is equivalent to the monthly ceiling for such payments set by the National Bank at EUR 1 million.
Applications for participation in the tender will be accepted until December 17 inclusive, and settlements are planned by the end of the year.
Bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued for $300 million. The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to UAH 1 million. The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
In the first two tenders, Vodafone Ukraine repurchased bonds for an amount equivalent to EUR 1 million. The debut repurchase was announced at a price of 99% of the nominal value, the second at 90% of the nominal value. The company did not announce the results of the second buyback on the stock exchange, while the scaling factor for the first buyback was 0.0040355668.
Following the results of the third tender, where the redemption price was reduced to 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received bids for $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.
The fourth tender was announced on August 13, but was then extended seven times. As a result, the redemption price was increased from 85% to 98%, and the redemption amount to $10.84 million. The company received bids for $127.14 million for this amount. Some of the bonds were returned to their owners due to the impossibility of reducing the nominal value, and the rest were accepted with a scaling factor of 0.1150681.
As a result, on the settlement date of November 20, bonds with a total nominal value of $10 million 773.23 thousand were purchased under the tender offer. All of them were canceled, and after such cancellation, the total nominal value of bonds remaining in circulation is $281 million 759.03 thousand.
As reported, VFU increased its net profit by 10.7% to UAH 3 billion 446.80 million and its revenue by 13.3% to UAH 19.03 billion in the first nine months of this year.
The report noted that the company will receive loans from related parties this year to service and redeem Eurobonds. In February, the parent company Telco Investments B.V. provided $49.59 million for partial repayment of the Eurobond debt. In June, an agreement was signed with Telco Investments for a dollar credit line in the amount equivalent to UAH 660 million, at 10% per annum, maturing in 2028.
Finally, in July 2025, a loan agreement was signed with the Dutch company Cemin B.V. for $10 million at 10% per annum, with a repayment date no later than the end of 2027, but not earlier than the maturity of the Eurobonds. The funds are credited in tranches to the company’s bank account in a foreign bank and are to be used to redeem bonds, which Vodafone Ukraine is doing in connection with the resumption of dividend payments this year.
