Business news from Ukraine

Business news from Ukraine

Metinvest Shipping reported net profit of UAH 32.9 mln in first quarter

Metinvest Shipping, the logistics division of the Metinvest Group, reported a net profit of UAH 32.945 million in January–March of this year, compared to a net loss of UAH 32.944 million during the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine”, revenue from ordinary activities for this period decreased by 5.1% to UAH 492.388 million.

Retained earnings as of the end of March amounted to UAH 1.525363 billion.

In 2025, the company reported a net profit of UAH 165.097 million, whereas in the previous year there was a net loss of UAH 67.393 million, while revenue from ordinary activities for the past year decreased by 8.1%—to UAH 2,290.835 million from UAH 2,492.714 million.

The number of employees at the end of 2025 was 263, and at the end of 2024—261.

The LLC ended 2024 with a loss of UAH 67.393 million, while in 2023 it amounted to UAH 729.472 million.

Metinvest Shipping LLC has been part of the Metinvest Group since 2006. The company has branches in Mariupol (operations temporarily suspended) and Odesa. The company’s activities cover the full range of freight transportation services: organization of road and rail transport, customs clearance, freight forwarding, ship agency services, and chartering of the maritime fleet.

Metinvest Holding LLC owns a 100% stake in Metinvest Shipping LLC.

The LLC’s authorized capital is UAH 25.012 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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India’s GDP growth in January–March was nearly 8%

India’s economy grew by 7.8% in the fourth fiscal quarter (January–March) compared to the same period a year earlier, the country’s statistics office reported. According to revised data, GDP growth in the previous quarter was 8%, not 7.8% as previously announced.

Analysts surveyed by Trading Economics had forecast, on average, a slowdown to 7.2%.

According to final data, the Indian economy grew by 7.7% overall in the past fiscal year. An earlier report had indicated growth of 7.6%.

Earlier on Friday, the Reserve Bank of India lowered its forecast for India’s economic growth in the 2026–2027 fiscal year to 6.6% from the previously expected 6.9%. Growth of 6.6% is expected in the first fiscal quarter, 6.3% in the second, 6.5% in the third, and 6.8% in the fourth.

India’s GDP growth in January-March was nearly 8%

Wizz Air Threatens to Close Its Belgrade Hub Due to New Regulations

According to Serbian Economist, Hungarian low-cost carrier Wizz Air has stated that changes to Serbian aviation legislation could force the company to close its Belgrade hub as early as November 2026.

The carrier believes that the new rules could restrict competition in favor of Air Serbia and contradict Serbia’s obligations within the European Common Aviation Area.

Wizz Air has been operating in Serbia since 2010. According to the company, it has carried over 14 million passengers during this time and currently serves 29 routes to 26 European cities. If the base is closed, more than 150 jobs in aviation and related jobs in tourism, the hotel industry, and airport services will be at risk.

The Serbian aviation regulator rejects the allegations. The Directorate of Civil Aviation of Serbia states that no airline is prohibited from operating flights between Serbia and the EU, and that the new rules merely clarify the regulatory framework and apply equally to all carriers.

https://t.me/relocationrs/2960

 

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KAN Development has opened STEAM School at Respublika residential complex

KAN Development, in partnership with the “A+” Educational Holding, has opened a large-scale, innovative educational complex at the Respublika residential complex, according to the developer’s press office.

Respublika STEAM School is a modern school-style campus with infrastructure comparable to that of a university: a three-story atrium with an amphitheater, laboratories, a makerspace, a swimming pool, sports halls, a media library, open spaces for teamwork, and a modern shelter. The building covers an area of 26,300 square meters and is designed to accommodate 1,120 students.

The A+ Educational Holding brings together educational projects offering preschool, school, and extracurricular education for children aged 1 to 19. As reported, KAN Development is investing $80 million in the construction of a school in the “Respublika” residential complex and a school on McKenna Street in Kyiv. In total, the educational institutions are designed to accommodate 2,000 students. Respublika STEAM School will become the holding’s 16th educational institution.

KAN Development was founded in 2001. The company’s portfolio includes Ocean Plaza, Respublika Park, Tetris Hall, Central Park, Comfort Town, “Faina Town,” Respublika, IQ Business Center, and 101 Tower. Over more than 20 years in the market, KAN Development has created over 3 million square meters of residential, retail, and commercial real estate. The company is also actively developing its own network of educational institutions, “A+”.

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Ukrainian film to participate in first U30 Film Festival in Belgrade

According to Serbian Economist, the Ukrainian short film “Tvoja kuća je i moja kuća” / “Your Home Is My Home” by director Denis Kireev has been selected for the competition program of the first U30 Film Festival, which will take place June 4–7, 2026, at the Belgrade Youth Center.

According to the festival program, the Ukrainian film will be screened on June 6 as part of the competition block, with screenings beginning at 6:00 p.m.

The U30 Film Festival is a new international short film festival dedicated to young filmmakers. The festival’s name reflects two key criteria of the program: films must not exceed 30 minutes in length, and projects must represent the younger generation of filmmakers, specifically those under 30 years of age.

The competition program of the first festival will feature 11 films from Serbia, Montenegro, Spain, Ukraine, and Poland.

The program brings together narrative, documentary, and animated works of various genres and approaches.

In addition to the competition program, the organizers have arranged for audiences to meet with the filmmakers after the screenings. On the final day of the festival, there will be a retrospective of short fiction films by Serbian director Danilo Stanimirović, a member of the jury for the first U30 Film Festival, after which the jury will announce the festival’s best film.

Admission to all festival programs is free; however, due to limited seating capacity, visitors must obtain free passes in the central lobby of the Youth Center one hour before the start of the program.

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From June 4 to 17, the “Ukrainian Collectible Art” auction is taking place

From June 4 to 17, 2026, at the 74th “Ukrainian Collectible Art” auction, the Goldens Auction House will present a selection covering more than a century of the artistic process — from academic painting of the late 19th century to landmark names of contemporary Ukrainian art. The auction catalogue forms a holistic cross-section of the development of the Ukrainian art school, demonstrating the continuity of generations, the diversity of artistic environments and the evolution of plastic language.

The auction selection combines painting, graphics, sculpture and decorative art, emphasizing not only the artistic but also the collectible value of the works. A significant part of the works has an exhibition and publication history, while individual works are rare examples of early or little-known periods in the artists’ creative work.

The Transcarpathian art school at the current auction is represented by works by Adalbert Erdeli, Andriy Kotska and Ferenc Seman — artists who formed the unique coloristic tradition of Transcarpathian painting. The Lviv artistic environment is revealed through works by Roman and Margit Selsky, Henrietta Levytska, associated with modernist searches and the unofficial culture of the second half of the 20th century.

The selection also includes works by Mykola Hlushchenko, Oleksiy Shovkunenko, Tetiana Yablonska, Viktor Malynka, Tetiana Holembiievska — artists whose creative work shaped the intellectual and plastic landscape of Ukrainian art of the 1960s–1980s.

The selection is complemented by works of classics of the late 19th — first half of the 20th century, representing early modernism in Ukrainian art, as well as works by authors who shaped the Ukrainian artistic process in the context of European artistic trends. Among them are works by Joseph Krachkovsky, Oleksandr Haush, David Burliuk, Mané-Katz, Vasyl Khmeliuk.

An important body of the selection also consists of works by artists of “unofficial art”: Ihor Hryhoriev, Viktor Zaretsky, Henrietta Levytska, Anatoliy Lymariev, Margit Selska, as well as artists of the 1990s, the generation of transavant-garde and current art of independent Ukraine: Serafym Charkin, Petro Lebedynets, Volodymyr Makarenko, Eduard Prykhodko, Liudmyla Mieshkova, Vitaliy Buihashev, Oleh Holosiy, Vlada Ralko, Roman Minin.

Among the top lots of the auction are “By the Church” from the 1930s by Adalbert Erdeli, “Portrait” from the 1960s by Margit Selska, “Beach. Uyutne. Crimea” (1961) by Roman Selsky, “Evening in Palanga” (1973–1975) by Ihor Hryhoriev, “Flowers” (1974) by Mykola Hlushchenko, “Lights of the Highway” (1990) by Viktor Zaretsky, “The Beautiful Monkey Was Catching Little Sparrows, One of Them She Was Catching…” (1991) by Maria Prymachenko, “Waterfall” (1992) by Ferenc Seman, “Evening Light” (1993) by Vlada Ralko, “And the Night Was Bright” (2002) by Ivan Marchuk.

The pre-auction exhibition will run from June 4 to 17, 2026, in the space of the Goldens Auction House, as well as — for viewing — online on the website www.gs-art.com. For questions regarding registration and participation in the auction, please contact tel.: +38 050 462 95 32 or register on the website to be able to place online bids independently.

The final stage of bidding will begin with the sequential closing of lots — on June 17 (Wednesday) at 19:00 online on the website www.gs-art.com.

Schedule of the exhibition and online auction:

June 04–17, 2026

12:00–19:00

Open every day.

Admission to the exhibition is free.

Address: Kyiv, 4 Leonida Pervomaiskoho St.

GOLDENS Auction House

+38 050 462 95 32

contact@gs-art.com

www.gs-art.com

www.gs-art.store

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