Business news from Ukraine

Business news from Ukraine

Ukraine’s Gas Transmission System Operator Is Seeking  Insurer for Employee Health Insurance Worth 163.8 Million UAH

On September 22, Ukraine’s Gas Transmission System Operator LLC (OGTSU) announced a tender for voluntary health insurance for its employees.

According to the Prozorro electronic government procurement system, the expected cost of the service procurement is 163.8 million UAH.

According to the system, the deadline for submitting bids is October 8.

 

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UkraineInvest and AZPROMO Agree to Develop Investment Projects in Ukraine and Azerbaijan

UkraineInvest, Ukraine’s agency for attracting and supporting investment, and Azerbaijan’s Agency for the Promotion of Exports and Investments (AZPROMO) have signed a memorandum of understanding aimed at expanding investment cooperation between the two countries, according to the Ukrainian Embassy in Azerbaijan.

The document was signed in Baku during the 2nd Azerbaijan International Investment Forum by AZPROMO Executive Director Yusif Abdullayev and UkraineInvest Executive Director Marina Khlistun, according to the Ukrainian Embassy in Azerbaijan.
The parties intend to foster direct contacts between businesses in both countries and create conditions for the implementation of joint investment projects.

Ukraine, in particular, is interested in attracting Azerbaijani capital to the country’s reconstruction projects. Potential areas of cooperation include infrastructure, energy, transportation and logistics, the agricultural sector, industry, and technology.
Yuriy Gusev, Ukraine’s ambassador to Azerbaijan, praised the efforts of the leadership and teams at AZPROMO and UkraineInvest in translating the two countries’ strategic partnership into concrete joint investment projects.

AZPROMO also confirmed the signing of the memorandum. According to the Azerbaijani agency, the document between AZPROMO and UkraineInvest was part of a package of 11 agreements signed during the international investment forum.
In total, the agreements concluded during the forum cover construction and development, the digital economy, renewable energy, industry, agriculture, pharmaceuticals, finance, water management, sports, and investment promotion.

The II Azerbaijan International Investment Forum took place in Baku on September 25–26, 2026, under the patronage of Azerbaijani President Ilham Aliyev. The event was organized by the Ministry of Economy of Azerbaijan and AZPROMO in strategic partnership with The European House – Ambrosetti.

UkraineInvest is the state agency responsible for attracting and supporting investment. The organization assists foreign and Ukrainian investors, provides consulting, analytical, and informational support, and participates in promoting Ukraine’s investment projects in international markets.

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Profits of China’s Large Industrial Enterprises Rose 15% in January–August

The combined profits of China’s large industrial enterprises in January–August 2026 increased by 15.7% compared to the same period last year, reaching 5.27 trillion yuan ($785 billion), according to the National Bureau of Statistics (NBS).

Industrial enterprises with annual revenue exceeding 20 million yuan are considered large.

Profits at state-owned companies rose by 10.3%, at joint-stock companies by 20.4%, and at private enterprises by 10.4%.

In the manufacturing sector, profits rose by 17.4%, and in the mining sector, by 35.1%. Meanwhile, profits in the electricity, water, and heat supply sector fell by 12%.

Profits for manufacturers of computers, communications equipment, and other electronic devices more than doubled (by 110%), while profits in the coal industry rose by 51.6% and in the chemical industry by 51%.

In August, profits at major industrial enterprises in China increased by 4.2% year-over-year. This is the smallest increase since November 2025.

 

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Ribas Hotels Group Will Take Over Management of the Pótay Cottage Community in Yablunytsia

Ribas Hotels Group will take over management of a project by the investment and development company Arha Group—the Pótay cottage community currently under construction in the village of Yablunytsia (Ivano-Frankivsk Oblast), the company’s press service told the Interfax-Ukraine news agency.

The 3-hectare project involves the construction of 64 detached homes and 18 hotel rooms, as well as a restaurant, a spa, an all-season infinity pool, and other recreational facilities. Pótay is located at an altitude of about 970 meters above sea level, with views of Hoverla and Petros. The complex will combine the privacy of a private cottage with the service and infrastructure of a full-fledged hotel.

“We see that it’s no longer enough for guests to simply choose a destination. They choose a vacation experience: privacy, natural surroundings, the opportunity to spend time with loved ones, and at the same time enjoy hotel-level service. The Pótay concept is shaped precisely at the intersection of these needs,” noted Artur Lupashko, founder of Ribas Hotels Group, whose remarks are quoted in the press release

The grounds will also feature a sauna, lounge and children’s areas, fire pits, spaces for fitness and meditation, and a contemporary art gallery created in collaboration between Arha Group founder Ihor Ilchyshen and People’s Artist of Ukraine Volodymyr Kozuk.

One of Ribas Hotels Group’s tasks within the framework of this collaboration will be to develop the complex’s operational model, service standards, and guest experience, the company noted.

Ribas believes that the cottage complex format is becoming a more prominent part of tourist demand. For example, this summer, hotel occupancy rates in the Carpathian region averaged 67% on weekdays and 72% on weekends. The company has also observed a shift in demand toward locations and formats adjacent to major tourist centers, where guests can enjoy greater privacy and closer contact with nature.

Ribas Hotels Group—founded in 2014 in Odessa—is an international full-cycle hotel management company and hospitality ecosystem. Ribas Hotels Group’s portfolio includes over 50 projects currently under construction, in the launch phase, or under management in Ukraine, Poland, Turkey, and Bali. The company develops city and resort hotels under the Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Moments brands.

Arha Group is an investment and development company. It is implementing residential and commercial real estate projects with a total area of over 15,000 square meters: the AMA Family Resort in Bukovel, the WOL aparthotel in Vinnytsia, the Pótay cottage community in the Carpathians, and the Koreni club community near Vinnytsia.

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Investment company S1 REIT has launched new fund, “S1 Poznyaki,” with total volume of 250 million UAH

According to Interfax-Ukraine, S1 REIT, an investment company that manages real estate funds under the REIT model, has announced the launch of a new capitalization fund, “S1 Poznyaki,” with a total volume of 250 million hryvnia, which will invest in apartments in a high-yield residential building currently under construction on the shores of Lake Sribny Kil, according to the company’s press service.

According to the press release, the initial investment amount is 1,000 UAH, with the option to increase one’s share in increments of 100 UAH. The projected annual return is 9% in the local currency, and dividend payments will begin once the property is commissioned and rental operations commence.

“In the past, to make money on apartments, you had to buy a unit for tens of thousands of dollars. We’ve broken that barrier down into smaller parts. Now you can start with 1,000 UAH. The benefit for investors is simple: buy earlier—buy cheaper. As the building is under construction, the price per square meter rises, and with it, the value of the fund’s assets. So we want to acquire as many square meters as possible now—at an early stage, while prices are at their lowest. And we’re offering our clients the opportunity to buy alongside us,” explained Ihor Gifes, CEO of the investment company S1 REIT, whose remarks are quoted in the press release.

As previously reported, the National Securities and Stock Market Commission (NSSMC) decided at its September 16 meeting to register the prospectus and the issuance of investment certificates for the ZNPIF “S1 Poznyaki.”

“S1 Poznyaki” is a build-to-rent apartment building designed from the outset as a cohesive, professionally managed rental product, rather than a collection of individual apartments for private leasing. At the same time, the project embodies the “Live and Work in One Place” concept thanks to its well-developed residential and commercial infrastructure.

The “S1 Poznyaki” fund’s assets will consist of 80 apartments with a total area of 2,828 square meters in a 24-story apartment building containing 756 apartments, with a total area of 29,500 square meters.

The complex will feature approximately 1,500 square meters of internal infrastructure, including a coworking space, a gym, a lounge area, a movie theater, a spa area, indoor and outdoor spaces for relaxation and leisure, game and karaoke rooms, a children’s room, and a fully equipped shelter.

Another approximately 7,000 square meters on the ground floors will be allocated for commercial facilities: a supermarket, restaurants, coffee shops, pharmacies, a dental clinic, and other services.

Previously, as reported, S1 REIT launched the sale of “S1 Plaza Poznyaki,” whose assets will include commercial space in the shopping center near the “Poznyaki” metro station in Kyiv. The total area of the property is approximately 5,000 square meters, and the new fund’s offering amounts to 600 million UAH. The initial investment is 1,000 UAH, and the additional investment is 100 UAH. The projected annual return on “S1 Plaza Poznyaki” is 10.4% in currency terms.

The entire property will be managed by the real estate management company S1 Property, which will be responsible for operations and services for residents, as well as for ensuring stable rental income for investors.

The press release states that investors can use “S1 Poznyaki” as an investment vehicle and gradually increase their stake in the property. If the total value of accumulated certificates equals the cost of an entire apartment, investors will be able to exercise the option to exchange them for a completed apartment. The transition to physical ownership is not mandatory: certificates can continue to be held as an investment in the fund, and investors can receive dividend income once rental operations begin.

“For investors, the ‘S1 Poznyaki’ Fund offers new opportunities to acquire a share of unique, income-generating real estate in the capital and start earning from it immediately,” noted Gifes.

At the same time, it is clarified that these figures are projections, based on the project’s financial model, and do not guarantee future returns.

The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in ownership and receive income from profitable properties without directly managing the assets.

Four funds are available for investment: “S1 VDNG,” S1 Obolon, “S1 Poznyaki,” and “S1 Plaza Poznyaki.” Their assets consist of income-generating real estate based on development projects by Standard One.

 

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Schneider Electric posted record revenue of EUR21.23 bln in first half of year

Schneider Electric reported a roughly 30% increase in net income attributable to the company’s shareholders to EUR2.49 billion for the first half of 2026, while revenue reached a record EUR21.23 billion.

A year earlier, revenue stood at EUR19.34 billion. Organic sales growth in the first half of 2026 was 14%.
Adjusted EBITA rose to EUR4.09 billion from EUR3.51 billion, representing organic growth of 22%. The margin for this metric reached 19.3%.

The company’s free cash flow more than tripled, reaching approximately EUR 1.6 billion.
The second quarter was particularly strong, with Schneider Electric’s revenue reaching a record EUR 11.5 billion, an organic increase of 17%. The Energy Management segment grew by 18%, and Industrial Automation by 11%.

The company cites the data center market as one of the main drivers. Demand for electrical infrastructure for data centers is growing rapidly amid the development of artificial intelligence, which significantly increases computing density, power consumption in server racks, and demands on cooling and backup power systems.
North America posted organic growth of 23%, while China and East Asia saw growth of 20%.

Following a strong first half of the year, Schneider Electric raised its forecast for the full year 2026. The company expects organic growth in adjusted EBITA of 14–19%, up from its previous forecast of 10–15%.
Organic revenue growth is projected at 10–13%.

Schneider Electric’s results reflect a broader investment cycle in energy infrastructure. AI data centers require not only servers and graphics processing units (GPUs), but also transformers, distribution equipment, UPS systems, automation systems, cooling systems, and digital energy management solutions.
Thus, energy infrastructure is gradually becoming one of the key constraints on the further scaling of AI.

For Ukraine, this trend is significant in the long-term context of rebuilding digital infrastructure and constructing new data centers. Future facilities will require significantly more connected power capacity and a more complex power supply architecture than traditional server centers.
Schneider Electric has been operating in Ukraine for over 30 years. Globally, the company is present in more than 100 countries and employs approximately 160,000 people.

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