The National Agency for Asset Tracing and Management (ARMA) is holding consultations on obtaining management projects for the seized 49.5% stake in Poltava Mining and Processing Plant (PGZK) of the mining company Ferrexpo plc, whose main assets are located in Ukraine.
According to ARMA, preliminary market consultations have been announced through the receipt of management program proposals or commercial offers and/or other documents, in accordance with paragraph 2 of Section II of the Methodological Recommendations on the sequence of actions of ARMA employees in the preparation and conduct of competitive selection of asset managers, approved by ARMA Order No. 223 of September 29, 2023 No. 223 (as amended by Order No. 54 of February 14, 2025), within the framework of the competitive selection of asset managers.
It is specified that the seized asset is 49.5% of the authorized capital of Poltava Mining and Processing Plant PJSC in the form of 153.450 million ordinary registered shares. The basis for the transfer of the asset to ARMA is the ruling of the investigating judge of the Pechersky District Court of Kyiv dated February 28, 2025, in case No. 757/9095/25-k.
Potential managers may be: a legal entity or an individual entrepreneur registered in accordance with the procedure established by law as business entities (Article 1033 of the Civil Code of Ukraine).
Information on the expected results of asset management may be submitted in any form by 3:00 p.m. on October 24, 2025.
As reported, the Pechersky District Court of Kyiv granted the request of the Prosecutor General’s Office of Ukraine to transfer 49.5% of the shares of one of the main assets of the companies, Poltava Mining and Processing Plant, to ARMA.
The DBR statement noted that the transfer of corporate rights of PGZ is related to ongoing court cases in Ukraine regarding the alleged embezzlement of funds from the Finance and Credit Bank, which previously belonged to Kostyantyn Zhevago and was declared insolvent in 2015.
In turn, Ferrexpo plc considers the transfer of 49.5% of Poltava Mining’s corporate rights to ARMA a violation of international treaties, in particular, international investment agreements between Ukraine and the United Kingdom and Ukraine and Switzerland. The company said it would initiate international arbitration against Ukraine.
Ferrexpo is an iron ore company with assets in Ukraine. Ferrexpo owns 100% of the shares of Poltava Mining, 100% of Yeristovsky Mining, and 99.9% of Bilanovsky Mining.
Chernivtsi Solar LLC, part of the Kernel group of companies, plans to build the largest solar power plant in western Ukraine with a declared capacity of 250 MW in the Kitsman territorial community in Chernivtsi region, according to a report by Molodyi Bukovynets on Monday, citing acting mayor of Kitsman Ivan Semenyuk.
“This is one of the largest strategic initiatives and projects in the community in its entire history (…) All stages of preparation have now been completed, from land issues to agreements with investors,” Semenyuk said.
The SES will be located on an area of 212 hectares, with the first works starting in the spring of 2026.
“At the first stage of the SES construction, the community budget will receive UAH 8.6 million per year. Then the amount will increase to UAH 12 million per year. The lease agreement is concluded for 25 years. In total, the volume of investments will amount to UAH 5 billion,” said the acting head.
According to him, the investor company is currently completing the design stage of the SES and will carry out installation work for the implementation of the first phase in the spring of 2026.
Before the war, the Kernel agricultural holding company ranked first in the world in the production of sunflower oil (about 7% of global production) and its export (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
In the first nine months of 2025, Kernel increased its net profit by 7% to $218 million, its revenue for the period grew by 19% to $3 billion 92 million, and EBITDA increased by 4% to $398 million.
Imports of transformers, inductors, and chokes to Ukraine in January-September 2025 increased 2.1 times compared to the same period in 2024, reaching almost $777 million, according to statistics from the State Customs Service.
According to the published data, China remains the largest supplier of these products to Ukraine. During this period, $649.5 million worth of these products were imported from China (83.6% of all imports of these goods), while a year ago, $239.5 million worth of transformers and chokes were imported from this country (64.1%).
In addition, transformers were imported from Germany ($40.4 million) and Turkey ($17.9 million), while in January-September 2024, imports from Turkey amounted to $46.1 million, and from Germany – $9.9 million.
In particular, in September, supplies of this equipment to Ukraine increased by 42.6% compared to September 2024, to $95.9 million.
Since the beginning of this year, as reported, the volume of transformer imports has significantly exceeded last year’s figures—in particular, in January, their imports increased sixfold, but the growth rate gradually slowed down and, at the end of the first half of the year, was already 2.6 times higher than in January-June 2024.
According to the State Customs Service, Ukraine exported transformers, inductors, and chokes worth $23.8 million in the first nine months of this year, compared to $24.8 million in the same period last year, mainly to Germany, Hungary, and Poland.
As reported with reference to the State Customs Service, imports of transformers, inductors, and chokes to Ukraine in 2024 more than doubled compared to 2023, reaching $596.11 million, with imports from China increasing 2.5 times to $400.48 million.
According to data from the Food and Agriculture Organization of the United Nations (FAO), in 2024 Ukraine ranked 9th in the world in wheat production, producing about 23.4 million tons of grain. This information is presented in a new study by Experts Club, based on FAOSTAT statistics and the video “Wheat Production by Country (1991–2024)”.
The top three wheat producers remain traditionally stable:
China — 136 million tons,
India — 113.9 million tons,
Russia — 81.6 million tons.
These three countries account for nearly half of global wheat production and play a crucial role in the world’s agricultural system.
They are followed by:
United States — 53.6 million tons,
France — 35.9 million tons,
Canada — 35.9 million tons,
Australia — 34.1 million tons,
Pakistan — 31.4 million tons,
Ukraine — 23.4 million tons,
Germany — 21.5 million tons.
The second ten producers are opened by Turkey (19 million tons) and Kazakhstan (18.6 million tons), with Italy (6.9 million tons) closing the list.
The Experts Club video analysis demonstrates significant structural changes in global wheat production over the past three decades. The video covers the period from 1991 to 2024. During this time, China and India have almost doubled their production thanks to increased yields and consistent government support for the agricultural sector.
Russia and Ukraine, after a sharp decline in the 1990s, made a remarkable recovery: in the early 1990s, Ukraine produced around 15 million tons, while by 2024 the volume had increased to 23–24 million tons — despite war-related risks and export restrictions.
Kazakhstan, traditionally focused on exports, has maintained its position, supplying grain to Central Asia and parts of China.
Despite military actions and damage to part of its infrastructure, Ukraine remains one of the world’s leading wheat exporters. The main factors behind this are high yields in southern and central regions, improved logistics through Danube ports, and export routes via Romania and Bulgaria.
According to FAO, in 2024 Ukraine exported about 17 million tons of wheat, keeping the country among the three largest global grain suppliers, along with Russia and the United States.
Experts from Experts Club note that growth in production across Asia and CIS countries compensates for declining yields in Europe and North America, which are affected by droughts and climate change. At the same time, Turkey, Iran, and Egypt are strengthening their roles as regional centers of processing and import.
Global markets expect wheat prices to stabilize within the range of 230–250 USD per ton, provided there are no new geopolitical shocks.
“Ukraine’s position in the TOP-10 global wheat producers is a testament to the resilience of its agricultural sector, even during wartime. With the expansion of domestic processing, Ukraine can reach 25–27 million tons of production in the coming years and strengthen its place among the world’s top five exporters.
At the same time, the grain market is becoming increasingly technology-driven: digitalization of agribusiness, precision farming, and climate-resilient wheat varieties will determine leadership in the next decade,” said Maksym Urakin, co-founder of the analytical center Experts Club.
Ukraine remains one of the few countries where the agricultural sector accounts for about 40% of foreign currency earnings. In 2024, wheat ranked second in export volume after corn, and revenues from grain sales exceeded 6 billion USD.
According to Experts Club forecasts, if the pace of infrastructure recovery continues and weather conditions remain favorable, Ukraine’s wheat production may reach 25 million tons in 2025, and exports could exceed 18 million tons.
The study was prepared by the analytical center Experts Club based on data from FAOSTAT, USDA, and IGC.
The video analysis “Wheat Production by Country 1991–2024” is available on the Experts Club Ukraine YouTube channel.
AGRICULTURE, EXPERTS CLUB, EXPORT, FAO, GLOBAL PRODUCTION, UKRAINE, WHEAT
The cost of housing construction since the beginning of 2025 has increased on average by 10-25% depending on the class of housing, the main factors of growth were the rise in the cost of construction materials and logistics, as well as the increase in wages in the industry, Ukrainian developers told the agency “Interfax-Ukraine”.
“The cost of construction in 2025 continues to rise, and this has already become a systemic phenomenon rather than a temporary challenge. Since the beginning of the year, costs have risen by 10-15% on average, depending on the class of housing. Among the key factors are the rise in the price of construction materials, increased logistics costs, currency fluctuations, shortage of qualified personnel and salary increases,” the press service of City One Development told the agency.
According to the company, prices for construction materials since the beginning of 2025 show a moderate growth of 10% on average. Thus, the price of concrete has increased by 6%, metal – more than 2%, cement – more than 10%, plaster – more than 13%, and bricks have risen in price by more than 9%. At the same time, the phase of a sharp price jump in the market of construction materials has already passed, the developer believes.
“We recorded the most significant price increase compared to the pre-war period in 2024. Then the price of metal rose by 21%, concrete – by 47%, bricks – by 10%. Such dynamics indicates that the market has already passed the phase of a sharp price jump, and the current growth is a gradual correction rather than a new shock,” the company said.
According to the press service of Alliance Novobud, concrete and rebar have increased in price by approximately 5-7% since the beginning of the year, waterproofing materials – by 7-10%, cable products by 10-15%. In addition, insulation and reinforced concrete products have significantly increased in price – up to 25%, PVC windows – by almost 20%, heating radiators – by 23.5%.
“We can note an increase in the cost of building materials in the range of 7-25%, which is caused by exchange rate fluctuations on the import component, logistics costs due to the war and change of routes and devaluation of the hryvnia”, – explained the developer.
In addition, the prices for almost all types of construction and installation works have increased: since the beginning of the year the growth amounted to 15-25%, noted in Alliance Novobud.
According to the information of Ramil Mehdiyev, CEO of Enso Company, engineering systems and finishing materials have risen in price the most. At the same time, the expert noted that prices for certain locally produced building materials remain stable.
In turn, DIM Construction Director Vladimir Zhigman noted that construction materials, which depend on imported components, energy costs in production or logistics, have gone up in price the most.
“The rise in the price of concrete mixes, reinforcement, insulation and engineering solutions is the result of broken chains, not just inflation. The materials that have risen in price the most are those that rely on imports, energy costs in production or delivery. For example, basic materials are increasingly imported, and logistics have lengthened – the time to order materials has increased by one and a half to two times,” he explained.
According to the expert, if in pre-war 2021 the share of imported building materials in the construction market of Ukraine amounted to 14%, then by the middle of 2025 it has increased to about 30%. Prices for foreign materials are largely unchanged, while Ukrainian manufacturers are forced to raise prices for their products due to relocation, suspension and limitation of production due to the war.
Now Ukraine is fully dependent on imported glass, which has increased in price by 10-20%, said Avalon commercial director Oleksandr Baryliuk. According to him, there are no prerequisites for a decrease in the cost of building materials, although due to the recession in Europe certain imported products may become cheaper.
“Glass has increased in price most of all. Ukraine is fully dependent on imported raw materials from Europe. Additionally, manufacturers often artificially create shortages during the season of peak demand, which raises the cost even more. As a result, glass has risen in price by 10-20% and remains one of the most unstable materials for construction,” he explained.
Rising prices for construction materials and construction works are one of the main contributors to the rising cost of housing construction, confirmed developer RIEL.
“More resource is needed to realize projects today. This is due to the rising cost of materials and construction and installation works. The cost of a square meter in a new building in Lviv and Kiev in 2025 increased by 25% compared to 2021”, – reported his experts.
In addition, the cost of construction was also affected by the increase in wages in the construction industry.
“It is in 2025, the figures have not changed significantly – by 5-7% since the beginning of the year, but compared to the beginning of 2024, the growth is 15-18%. This is affected by the increase in the wage fund, the cost of materials and operation of machinery – in general everything has gone up in price,“ added Maxim Odintsov, development director of the Odessa construction company ”Two Academics”.