Business news from Ukraine

Business news from Ukraine

More than 50 people have died in floods in Texas

The death toll from flooding in south-central Texas has risen to 52, including 15 children, according to EFE.

“Fifty-two people have died in flooding in south-central Texas, including 15 children,” the report said.

Kerr County Sheriff Larry Lait Jr. said hundreds of rescue workers remain in flooded areas and search and rescue efforts are still ongoing.

He asked residents to send information about missing loved ones and their last known location.

Avesterra Group plans to increase its poultry population to 10 mln

Avesterra Group intends to increase its poultry population to 10 million, build a feed mill, and expand its land bank to 25,000 hectares, co-owner Dmitry Dobkin said in an interview with Liga.net.

“We will build poultry farms. We currently have capacity for 4.1 million birds. We need to develop this to 10 million birds per batch. In turn, this pace of development requires the modernization of the existing feed mill or the construction of a new one. This is because the existing one will definitely not be able to cope with the new production capacity,” he said.

Dobkin said that the group had accumulated a land bank of 3,000 hectares for the construction of a modern poultry processing plant in the Volyn region. However, in order to be independent from external cataclysms and to provide the poultry farm with feed, there are plans to expand the land bank to 25,000 hectares of fields.

He said that another way to minimize production risks is to create their own incubation facility, including the formation of a parent flock.

“Then the entire chain from egg to finished meat will be ours,” Dobkin emphasized.

Avesterra Group was established in January 2025. It includes Volodymyr-Volynskyi Poultry Farm and Lutsk Agrarian Company, which produce 53,000 tons of broiler meat per year. Annual revenue is about UAH 4 billion. Of the 5,000 tons of total production, 700 tons are sold under the Epicur brand, and the rest under the Chebaturochka brand.

In June 2025, the group launched a processing plant, in which it invested EUR 60 million. It is located in Volyn, covers 30,000 square meters, and has new treatment facilities.

The business is owned in equal shares by the Dobkin family.

Volodymyr-Volynskyi Poultry Farm accounts for about 5% of the Ukrainian chicken market. It has seven branches: Kharkiv, Kyiv, Odesa, Dnipro, Vinnytsia, Lviv, and Volodymyr. The factory’s infrastructure consists of 100 poultry houses, a slaughterhouse, and a feed mill. The company also has its own land fund of 3,000 hectares, where it grows cereals and legumes for the production of compound feed, as well as industrial crops. The factory employs over 1,500 people.

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TAS Agro has begun wheat harvesting — first 600 hectares have been harvested

The TAS Agro agricultural holding has begun harvesting early grains from winter wheat in the Southern cluster and has already threshed about 600 hectares, the agricultural holding’s press service reported on Facebook.

TAS Agro specified that the harvest started at the optimal time and that grain yields are fully in line with standards.

“This year, we will make maximum use of our own equipment, which has been updated in recent years. However, we will not refuse to lease combines for economic reasons. In total, we plan to use 75 units of grain harvesting equipment during the harvest. This is more than last year, as the area under early grain crops has increased, particularly in the Southern cluster. Almost all of our own grain transshipment equipment will also be used,” said Oleg Zapletnyuk, CEO of TAS Agro.

According to him, in parallel with the harvesting campaign, the agricultural holding is working on organizing logistics and sales of the harvested crop. Storage facilities and some elevators have already been certified to the international standard ISO 22000:2018.

For the 2025 harvest, TAS Agro has sown 22,000 hectares of winter wheat, 14,000 hectares of winter rapeseed, 16,000 hectares of sunflower, 15,000 hectares of soybeans, and 7,000 hectares of corn.

Soon, in the Southern cluster, parallel to the wheat harvest, the rapeseed harvest will begin. Over the next few weeks, the harvest will spread to other clusters, the agricultural holding concluded.

TAS Agro was established in 2014. Its land bank includes 88,000 hectares in the Chernihiv, Sumy, Kyiv, Vinnytsia, Kirovohrad, and Mykolaiv regions. It specializes in crop production, and the agricultural holding’s elevator capacity is about 250,000 tons. The livestock business is represented by a herd of 5,500 head of cattle, of which 2,500 are dairy cattle.

The agricultural holding is part of the TAS group, founded in 1998.

Its business interests include the financial sector (banking and insurance segments) and pharmacies, as well as industry, real estate, and venture projects.

The founder of TAS and beneficiary of the TAS Agro agricultural holding is Serhiy Tihipko.

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Young Europeans losing faith in democracy, poll finds

Support is lowest in France, Spain and Poland, while 21% back authoritarian rule under certain circumstances

Only half of young people in France and Spain believe that democracy is the best form of government, with support even lower among their Polish counterparts, a study has found.

A majority from Europe’s generation Z – 57% – prefer democracy to any other form of government. Rates of support varied significantly, however, reaching just 48% in Poland and only about 51-52% in Spain and France, with Germany highest at 71%.

More than one in five – 21% – would favour authoritarian rule under certain, unspecified circumstances. This was highest in Italy at 24% and lowest in Germany with 15%. In France, Spain and Poland the figure was 23%.

Nearly one in 10 across the nations said they did not care whether their government was democratic or not, while another 14% did not know or did not answer.

Thorsten Faas, a political scientist at Berlin’s Free University, who worked on the study, said: “Among people who see themselves as politically to the right of centre and feel economically disadvantaged, their support of democracy sinks to just one in three.

“Democracy is under pressure, from within and without.”

The study was carried out in April and May. More than 6,700 people between the ages of 16 and 26 in Britain, Germany, France, Spain, Italy, Greece and Poland responded to the ninth annual survey by the YouGov institute for the Tui Foundation, which funds projects dedicated to youth in Europe.

Forty-eight per cent worry that the democratic system in their own country is endangered, including 61% in Germany, where the economy – Europe’s biggest – is ailing and the far right has made significant inroads, fuelled in part by increased backing from young voters.

The return of Donald Trump to the White House, the rise of China, and Russia’s full-scale invasion of Ukraine have shifted power away from Europe in the respondents’ perception, with just 42% counting the EU among the top three global players.

Despite – or perhaps because of – Brexit, the figure was highest among Britons at 50%. Of those surveyed in the UK, 73% wanted a return to the EU, while nearly half of young Europeans (47%) sought stronger ties between the EU and Britain.

The US was seen by 83% as part of the power trio, followed by China with 75% and Russia on 57%.

Rising polarisation is also driving young Europeans to the ideological fringes along with their elders, but a notable gender divide has emerged in the process.

Nearly one in five – 19% – described themselves as politically right of centre, up from 14% in 2021, while 33% called themselves centrists, 32% as leftist and 16% without any designation.

Women in Germany, France and Italy identified as progressive in higher numbers than four years ago, while young men in Poland and Greece have grown more conservative in the same period.

Support for tougher restrictions on migration has grown across the board since 2021, to 38% from 26%.

Most young Europeans expressed hope in the EU’s potential, and two in three overwhelmingly supported their country remaining in the bloc if it still was. But 39% described the EU as not particularly democratic and just 6% said their own national governments worked well, with little need for significant changes.

More than half – 53% – felt the EU was too focused on details and trivial matters. They would like the bloc to tackle the high cost of living, bolster defence against external threats and create better conditions for companies to improve the economy.

Elke Hlawatschek, the head of the Tui Foundation, said: “The European project, which has brought us peace, freedom of movement and economic progress for decades, is seen as unwieldy.”

Greek people see the strongest need for fundamental overhaul of their political system and are most sceptical about the EU, which Faas described as rooted in enduring trauma of the eurozone debt crisis that drove their country’s economy to the brink.

Despite stronger support for climate protection among young Europeans, just one in three said it should take priority over economic growth. The figure has slipped from 44% in 2021.

 

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MEGOGO and Kyivstar TV sign co-exclusive agreement with Paramount+

Ukrainian OTT platforms MEGOGO and Kyivstar TV, which are among the three largest in the market, have signed a one-year co-exclusive agreement with the international media service Paramount+ with the potential for extension up to three years, which provides for the expansion of the library of Paramount+ movies, series, animation and premiere titles on both platforms.

“We are talking about more than 200 films, 1250 hours of animation and dozens of popular TV series – all with Ukrainian language tracks. This is one of the largest localizations of global content for the Ukrainian market in recent times,” the company said in a press release on Wednesday.

According to the press release, Kyivstar TV and MEGOGO are investing equally in voice acting to ensure high-quality and timely dubbing. 1+1 Production, MEGOGO Voice, Sunnysiders and 15KZ studios are working on the adaptation. Most of the main titles will be dubbed at the launch, while the rest will appear gradually.

On Kyivstar TV, Paramount+ content will be available in Premium HD and Family packages, as well as in a special themed Paramount+ Kids playlist.

On MEGOGO, it will be available as part of the Maximum and Optimal subscriptions, as well as MEGOPACK XL.

According to the announcement, starting July 1, the platforms will offer such titles as Dexter, Elementary, Yellowstone, all 8 seasons of Charmed, Billions, and within a month, Halo, The King of Tulsa, 1923, and the new series The Agency will also open. In addition to movies and TV series, viewers will have access to an extensive library of animated episodes, from SpongeBob to Puppy Patrol to Teenage Mutant Ninja Turtles.

MEGOGO is an international media service founded in 2011 in Kyiv. It is a leader among OTT platforms in Ukraine, operates in Eastern Europe, Central Asia and the South Caucasus, and a significant part of its catalog is available worldwide (except for Russia and Belarus).

Kyivstar TV is a joint project of Kyivstar and 1+1 media, founded on December 11, 2019. At the end of last year, the project announced that it had become the second largest streaming platform in Ukraine and maintained its leadership ambitions.

 

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New reloader from Corum DrMZ has been installed at DTEK’s mine

“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), has delivered an MBL belt reloader to Dniprovska mine (DTEK Pavlohradvuhillya), the plant reported on Facebook.

The reloader is the eighth since the beginning of the development of this area (at the end of 2024).

The MBL-007 delivered to the mine is a monorail reloader with a wheel, equipped with a belt 800 mm wide and 40 m long. Its main task is to continuously transfer rock mass from mining equipment to transportation vehicles, i.e., it is actually a link between mining and delivery: the reloader ensures fast and safe loading of trolleys or conveyors right in the mine.

The cost of the equipment was not disclosed.

“Corum DrMZ, relocated from Druzhkivka (Donetsk region) to Dnipro in 2022, manufactured 142 units of mining equipment in January-May this year, repaired three shearers, produced 344 metal structures and more than 362 thousand components and spare parts.

According to the Clarity Project, in the first quarter of this year, the plant reduced its net income by 36% to UAH 215.3 million.

Corum Group is a leading manufacturer of mining equipment in Ukraine. It is a part of DTEK Energy, an operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK energy holding.

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