Business news from Ukraine

Business news from Ukraine

Sales of new trucks fell by 6% in April

Registrations of new commercial vehicles (trucks and special vehicles) in Ukraine in April 2025 decreased by 6% compared to the same month in 2024, to 982 units, according to UkrAvtoprom on its website.

Compared to March 2025, demand for such vehicles decreased by 1.4% (14 vehicles).

According to the report, MAN was the leader of the month with 128 vehicles registered (in April 2024, it was tenth in the ranking with 40 vehicles).

Citroen rose to second place with 118 units (last year it had 41 cars and was in ninth place), and last year’s leader Renault came in third with a nearly 2.3-fold decrease in registrations to 113 units.

The top five also included Peugeot with 78 units (74 units in April 2024) and Ford with 75 units (51 units).

“Since the beginning of the year, 3,820 new vehicles have been added to the Ukrainian fleet of trucks and special-purpose vehicles, which is 2% less than in the same period last year,” UkrAvtoprom reports.

As reported, in April 2024, the market for new commercial vehicles grew by 12.7% compared to April 2023, to 1,049 units, and in January-April, the market grew by 24%, to 3,193 thousand units.

According to UkrAvtoprom, 12,900 new commercial vehicles were registered in Ukraine in 2024, which is 14% more than a year earlier.

Exports remain key source of income for Ukrainian businesses, says head of Ukrainian Chamber of Commerce and Industry

Ukrainian companies are maintaining their export activity despite military action and internal restrictions. As Gennady Chizhikov said in an exclusive interview with the news agency Interfax-Ukraine, at the end of 2024, exports amounted to 129.2 million tons of goods worth $41 billion.

“Even in wartime, Ukrainian businesses continue to export. This confirms not only their resilience but also their ability to adapt to new global realities,” Chyzhykov said.

According to him, the CCI actively supports businesses in matters of certification, technical regulation, and digitalization of export processes.

For more details, see the interview at https://interfax.com.ua/news/interview/1069297.html

 

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Nova Poshta develops its own energy sector – first 1 MW unit has been launched

Nova Poshta, the leader in express delivery in Ukraine, has launched the first of seven gas-fired cogeneration gas piston units planned for installation by 2025.

“A new stage in the implementation of the energy independence program has begun: the first gas piston cogeneration unit with an electrical capacity of 1 MW has started operating at the company’s hub (Nova Poshta – IF-U) in western Ukraine. Six more CCGs are currently being installed and are expected to be commissioned this year, including in Kyiv,” Nova Poshta’s press service reported on Tuesday on Telegram.

The company’s CHP units will generate electricity and heat from natural gas.

According to the report, Nova Poshta has invested a total of UAH 300 million in energy independence and plans to invest another UAH 150 million in 2025. More than half of the total investment of UAH 450 million will go toward gas generation.

Earlier it was reported that Nova Poshta’s energy company (NOVA group) – Nova Energy – became an electricity trader after receiving a license from the NEURC.

Nova Poshta founded the energy company Nova Energy in April 2023 to develop regular electricity generation and ensure the autonomy of the company’s facilities in connection with Russia’s attacks on the energy system. Since August, the company has been engaged in small-scale wholesale sales of diesel fuel on the open market.

Co-owner of Nova Poshta Volodymyr Poperechnyuk announced plans to install industrial uninterruptible power supply systems and energy storage equipment to increase the efficiency of energy capacities.

He also stated that after the end of the war and the improvement of the energy supply situation, Nova Energy will be sold as a non-core business.

It was reported that Nova Poshta had installed a second solar power plant (SPP) at its terminal in Kyiv and plans to increase its capacity to 1.4 MW. Nova Poshta’s first 1 MW SPP was commissioned in January at the Kyiv Innovation Terminal, located on its roof.

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Ukrainian Chamber of Commerce and Industry is expanding international cooperation and targeting new markets, says UCCI President Chyzhykov

The Ukrainian Chamber of Commerce and Industry (UCCI) has stepped up its work in foreign markets, expanding its network of business contacts and focusing on countries in the Global South. This was stated by UCCI President Gennady Chizhikov in an exclusive interview with the Interfax-Ukraine news agency.

“We are actively working with the Czech Republic, France, and the Baltic countries, but at the same time we are opening new markets in Africa, Asia, and Latin America. For example, Kenya and Egypt are key buyers of Ukrainian grain. We are helping companies enter these markets with agricultural technologies, equipment, and processed products,” Chyzhykov said.

He added that the chamber will continue to organize international business missions and participate in global forums.

For more details, see the interview at https://interfax.com.ua/news/interview/1069297.html

 

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Montenegro initiates review of all honorary citizenships granted

Montenegro’s Prime Minister Milo Đukanović has initiated a review of the practice of granting honorary citizenships, stressing that they should be awarded exclusively for specific services to the country, such as job creation, economic development, and the promotion of Montenegrin interests. He warned that if it turns out that passports were handed out as “personal favors” or without clear criteria, it would discredit state institutions and encourage corruption.

Spajic took this step amid the procedure to strip Kosovar businessman Naser Ramaj of his citizenship. This case has become a prime example of the review of the practice of granting honorary citizenship, especially against the backdrop of Montenegro’s active movement towards European Union membership.

Ramaj, who received a Montenegrin passport in October 2023 as an investor in the €80 million Porto Budva project, is now involved in a criminal case involving the embezzlement of €2.2 million. He is accused of systematic tax evasion in the implementation of this residential complex. It is noteworthy that citizenship was granted under the previous government of Dritan Abazovic, which calls into question the transparency of such decisions in the past.

Spajic emphasizes that such cases damage the country’s international image at a critical moment when Montenegro is seeking to complete EU accession negotiations by the end of 2025. European partners have long expressed concern about the corruption risks associated with economic citizenship programs. The government’s current actions are aimed at demonstrating its determination to bring all procedures into line with European standards.

This precedent could be a turning point in Montenegro’s citizenship policy. The authorities are not only reviewing the specific decision, but also conducting a systematic review of previously granted honorary citizenships in an effort to restore the trust of both their own citizens and the international community. The success of this initiative will be crucial for the country’s further European integration, scheduled for 2028.

Source: https://t.me/relocationrs/930

 

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Construction of tunnels on China-Kyrgyzstan-Uzbekistan railway route has begun

In the Suzak district of the Jalal-Abad region of Kyrgyzstan, construction has officially begun on major railway facilities for the China-Kyrgyzstan-Uzbekistan railway.

As part of the construction of this railway, three tunnels with a total length of over 10 km are planned to be built, including: Tunnel No. 1 Naryn (Jaman-Dawan) – 12.5 km; Koshtoba (Kazarman) tunnel – 13.2 km; Fergana mountain tunnel – 12.2 km. The total length of this railway project is 532.53 km.

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