Business news from Ukraine

Business news from Ukraine

monobank has eliminated fees for international SWIFT payments

The digital bank monobank has eliminated fees for all incoming and outgoing international SWIFT payments for individual and business customers, according to the project’s co-founder, Oleg Gorokhovsky.

“Previously, a SWIFT transfer cost users an average of about 1,000 UAH in fees,” he wrote on his Telegram channel on Wednesday.

According to Gorokhovsky, such payments are currently important for businesses due to the possibility of cheaper procurement, and for individuals—to pay for education, medical treatment, and military equipment.

He added that the bank earned over 11 million UAH per year from these fees.

monobank is a branchless mobile bank founded in January 2017 by former PrivatBank top managers Oleg Gorokhovsky, Dmytro Dubilet, and Mykhailo Rogalsky. The project operates under the banking license of Universal Bank, which is part of the TAS Group (Kyiv).

According to the National Bank, as of April 1, 2026, Universal Bank had issued a total of 29.42 million cards, of which 10.17 million were used for transactions during the month.

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KZVV’s net profit fell by factor of 6.7 in first quarter

JSC “Kramatorsk Heavy Machine-Tool Plant” (KZVV, Perechin, Zakarpattia Oblast), nearly 97.7% of whose shares are owned by former People’s Deputy (2016–2023) Maksym Yefimov, ended January-March of this year with a net profit of UAH 106 million, which is 6.7 times less than the corresponding figure for January-March of last year.

According to the company’s financial statements in the disclosure system of the National Securities and Stock Market Commission (NSSMC), its net revenue, however, increased by 47.7%—to nearly 16 billion UAH.

KZVV reported UAH 202.5 million in gross profit (4.3 times less), while operating profit fell by 9.5 times to UAH 85.2 million.
Retained earnings as of March 31, 2026, amounted to UAH 1.87 billion (UAH 2.12 billion at the beginning of the year).

Compared to the beginning of 2026, the plant reduced its current liabilities by 15.5% to 33.9 billion UAH, while long-term liabilities, having decreased slightly, amounted to 122.1 million UAH.
The main specialization of KZVV, which was relocated from Kramatorsk to Perechin in the summer of 2022, is universal special-purpose machine tools designed for the energy, metallurgical, oil and gas industries, machine building, and rail transport, as well as machine tools for single-unit and small-batch production. The plant also manufactures special-purpose products.

In particular, the company “Friendly Wind Technologies” produces wind power equipment at the plant’s facilities, and in August 2023, the “Friendly Wind Technologies” industrial park was registered in Perechyn.
As reported, in 2025, KZVV increased its net profit by 2.3 times compared to 2024—to UAH 1.41 billion—as net revenue grew by more than 2.6 times—to UAH 50.4 billion.

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On June 16, Indar shareholders will consider issue of renewing  composition of supervisory board

According to Fixygen, shareholders of Indar Insulin Manufacturing PJSC will consider the issue of terminating the powers of the chairman and members of the company’s supervisory board at an extraordinary general meeting on June 16.

According to a statement from the State Property Fund of Ukraine, the meeting will be held remotely via a poll.

The agenda also includes the election of a new supervisory board, the approval of the terms of civil law contracts with its members, and the appointment of an authorized representative to sign such contracts.

The list of shareholders entitled to participate in the meeting is current as of June 11, 2026.

Indar PJSC is registered in Kyiv. The company specializes in the production of insulins and medications for the treatment of diabetes.

 

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On June 12, Oriana shareholders will consider proposal to change  composition of supervisory board

According to Fixygen, shareholders of Oriana JSC (Kalush, Ivano-Frankivsk Oblast) will consider a proposal to terminate the powers of the chairman and members of the company’s supervisory board at an extraordinary general meeting on June 12.

According to a statement from the State Property Fund of Ukraine, the meeting will be held remotely via a survey.

The agenda also includes the election of supervisory board members, the approval of the terms of civil law contracts with them, and the appointment of a person authorized to sign such contracts.

Oriana JSC is registered in Kalush, Ivano-Frankivsk Oblast. The company is one of the region’s well-known industrial assets and has historical ties to Kalush’s chemical industry.

 

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Prices for construction and installation work in Ukraine rose by 19.9% in April

Prices for construction and installation work (CIW) in Ukraine rose by 19.9% in April 2026 compared to April 2025, according to the State Statistics Service (SSS).

According to the statistics agency, prices rose in all segments of construction from April 2025 to April 2026: in residential construction by 16.7% (up 2.1% from the previous month), in non-residential construction by 20.8% (2.9%), and in civil engineering by 20.5% (3.5%).

From January to April of this year compared to the same period last year, construction material prices rose by 12.4%, specifically in the residential sector by 11.1%, in the non-residential sector by 13%, and in civil engineering by 12.4%.

As reported, in 2025, construction material prices rose by 5.8% compared to the previous year, in 2024 by 7.9%, and in 2023 by 15.8%.

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Housing in Kyiv remains among most affordable in Europe

According to the think tank Experts Club, Kyiv ranked 36th out of 37 European cities in the Global Property Guide’s housing cost ranking, according to data from the updated “Square Meter Prices in European Cities” table for April 2026, published on the study’s website.

The average housing cost in the Ukrainian capital is estimated at €1,970 per square meter. Over the past year, the figure has risen by 2.6%, and over two years—by 0.9%.

In the ranking, Kyiv emerged as one of the most affordable markets in Europe. Only Chisinau ranks lower than the Ukrainian capital in the table, where the average price of apartments is 1,720 euros per square meter. At the same time, Kyiv is cheaper not only than Western European capitals but also than most cities in Central and Southeastern Europe.

For comparison, in Belgrade the average price of new properties is 3,333 thousand euros per square meter, in Podgorica—2,141 thousand euros, in Bucharest—2,250 thousand euros, in Sofia—€2,300, in Athens—€2,500, in Budapest—€3,061, and in Zagreb—€3,781

Kyiv’s low ranking in the European table reflects the war’s impact on the real estate market, investment risks, limited external demand, and buyer caution. Unlike many European capitals, where prices are supported by mortgages, migration, and stable investment demand, the Ukrainian market remains dependent on security, macroeconomics, and the recovery of business activity.

At the same time, positive annual dynamics indicate that the Kyiv market is not in a state of sharp decline. Year-over-year growth of 2.6% indicates the presence of domestic demand, particularly in the segments of completed housing, high-quality properties, and locations with developed infrastructure.

Kyiv remains Ukraine’s largest real estate market and the country’s main hub of business activity. It accounts for a significant portion of the demand for residential, office, retail, and rental properties. Once the active phase of the war ends, the capital could become one of the key hubs for the recovery of investment activity.

For now, Kyiv remains one of the most affordable major European cities in terms of housing costs in euros. For potential investors, this may mean a low entry threshold, but at the same time, a high level of country, military, and regulatory risk.

The Global Property Guide study is available at: https://www.globalpropertyguide.com/europe/square-meter-prices

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