Business news from Ukraine

Business news from Ukraine

Sports and entertainment companies from 2025 Index increased their revenue by 10%

Companies in the OpenDataBot 2025 Index in the sports and entertainment category earned UAH 3.47 billion in revenue. Only three companies were able to turn a profit. FC Dynamo Kyiv led the way in terms of revenue with UAH 913.65 million, but despite this, the team suffered losses of UAH 784.07 million.

The total revenue of the OpenDataBot Index 2025 in the sports and entertainment category increased by 10% to UAH 3.47 billion. Despite this growth, only three companies made a profit of UAH 6.49 million, while all others incurred losses of UAH 1.11 billion.

The top ten included five football clubs, two sports club chains, and two recreation and entertainment centers.

The income of FC Dynamo Kyiv fell 1.7 times, but this did not prevent it from topping the rating. The club, which is part of the Surkis brothers’ group, earned UAH 913.65 million in revenue last year. Despite this, it suffered losses of UAH 784.07 million. By comparison, in 2023, Dynamo was still in the black with UAH 345.67 million.

Second and third place went to companies associated with the Sport Life network. Sport Life Kyiv-1 (owned by Tetyana Podrezova) and Sport Life Kyiv-6 (owned by Larisa Pakhomova) increased their revenues by 1.5 times to UAH 545.8 million and UAH 377.56 million, respectively. However, their profits did not grow evenly, increasing 15 times to UAH 1.03 million in Kyiv-1 and 2 times to UAH 2.2 million in Kyiv-6.

FC Kryvbas took fourth place with revenues of UAH 287.12 million, which is 1.6 times more than in 2023. Over the year, the company managed to reduce its losses by 3.4 times to UAH 1.1 million.

Thermal Fyurdo (Kosyno thermal waters) closed the top five. Its revenue decreased by 16% compared to UAH 272.76 million. However, losses decreased 8 times compared to 2023, to UAH 6.47 million.

The football club Polissya from Zhytomyr, owned by Gennady Butkevich, co-owner of ATB, entered the Index for the first time, taking sixth place. The company’s revenue increased fourfold to UAH 266.8 million. Losses also increased almost twofold to UAH 256 million.

In 7th place is the Apollo Next sports club chain, owned by Fozzy Group CEO Vladimir Kostelman. The company’s revenue doubled to UAH 234 million, while losses amounted to UAH 6.9 million. However, 2023 was a profitable year, with a profit of UAH 12 million.

We would like to thank OpenDataBot for recognizing and including us in the top 10 companies in Ukraine in the field of sports and entertainment. Despite the challenges of wartime, the APOLLO NEXT network continues to develop, opening new clubs and creating jobs, because we believe in the importance of supporting the physical and mental health of Ukrainians. Our resilience is based on flexibility, a combination of online and offline formats, customer care, including special programs for veterans, and, of course, conscientious tax payments, which is our contribution to the stability of Ukraine’s economy, commented a representative of the sports club.

Next in the ranking is Vitaliy Khomutynnik’s entertainment center Neopolis, located in the Respublika Park shopping and entertainment center (Kyiv). Its revenue increased by 24% to UAH 197.51 million. The company’s losses decreased by 14% to UAH 46.96 million.

Next is LNZ Football Club (Cherkasy), owned by the LNZ Group, with 6.4 times more revenue than in 2023 – UAH 188.64 million. Profit amounted to UAH 3.27 million – this is the only football club in the ranking that made a profit.

Rinat Akhmetov’s Shakhtar-Service closed the top 10 with revenues of UAH 182 million and losses 3.3 times lower than in 2023 – UAH 7.4 million.

This year, the following clubs left the Index:

  • SK Dnipro-1 – revenue of 34.55 million UAH (12.7 times less than in 2023);
  • SK Prometey – 80.94 million UAH (1.5 times less);
  • Nasvit LLC – 131.73 million UAH (1.6 times less).

https://opendatabot.ua/analytics/index-sports-entertainment-2025

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Vitagro is preparing new biomethane projects for export to EU

The Vitagro group of companies, which already has one biomethane plant with an annual capacity of 3 million cubic meters in the Khmelnytskyi region, intends to build two or three more such plants in a year and a half, each costing EUR6-6.5 million, according to the company’s director of development and investment, Serhii Savchuk.

“We plan to build two or three more plants with a capacity of 3 million cubic meters each. We estimate the cost of one plant at EUR 6-6.5 million. We will need about 1.5 years to do this,” Savchuk said in a comment to EnergoReform on the sidelines of the Solar Agro Conference organized by the Solar Energy Association of Ukraine.

He did not specify the details of biomethane exports from the first plant, noting that after a test delivery in February, “everything the plant produces is sold to a number of countries, including Germany and the UK, at market prices.”

During his speech at the conference, he suggested that the company may work with Ukrainian banks to expand its biomethane capacity.

“Today, our plant with a capacity of 3 million cubic meters of biomethane, which is produced from manure from our livestock complexes, is fully operational. We will build a pipeline, Ukrgasbank is here, you can pay attention to us,” he said to conference participant Mykola Alferov, deputy director of the SME Department at UGB.

Savchuk also noted that during the war, the group launched a bioethanol plant in the Ternopil region by reconstructing an alcohol plant it privatized at the end of 2022, which cost EUR20 million.

“We invested EUR 20 million, completely re-equipped the distillery, and now have 25,000 tons of bioethanol for export from the processing of 85,000 tons of corn,” explained the director of development and investment at Vitagro.

In a comment to Energorforma, Savchuk expressed hope that cooperation will eventually be established for the sale of bioethanol to fuel companies in Ukraine, which from May 1 must sell gasoline containing at least 5% of this substance, but do not mix the product here, instead importing it ready-made from Europe.

He also shared his experience of installing SES groups on farms for their own consumption, which he called “an absolutely effective investment.”

“Seven solar stations for our own consumption were installed in a few months, and we have developed an appetite for a second phase, so we want to launch separate complexes both on the roof and on the side. This is economics, this is ecology, this is the ESG (Environmental, Social, and Governance) trend, which is very relevant. We are a good example for the development of SES for our own consumption, and in the future there will be energy storage,” Savchuk said about Vitagro’s plans.

As reported in February 2025, Vitagro announced its intention to reach the planned annual capacity of the biomethane plant of 3 million cubic meters in 2025 and, if exports are successful, to build two more plants (in the Khmelnytskyi and Rivne regions) to increase production and exports.

At that time, it was indicated that the group of companies was considering the option of attracting foreign investors to its capital.

The company expected that the EUR6 million invested in the construction of the first biomethane plant in the Khmelnytskyi region would pay off in five years, but if the market continued to grow, it would pay off sooner. The company’s cost price for biomethane was stated at over EUR 500 per 1,000 cubic meters.

In February, the chairman of the board of the Bioenergy Association of Ukraine, Georgy Geletukha, noted that the average price of biomethane for export to Europe could be approximately EUR 900 per thousand cubic meters.

Agroholding Vitagro exported its first batch of biomethane in 67,000 cubic meters (destination country – Germany) on February 6, 2025.

The Vitagro group of companies is engaged in the production and processing of agricultural crops, in particular fruits and vegetables, dairy farming, and pig breeding. The group cultivates about 85,000 hectares of land in the Khmelnytskyi, Ternopil, and Rivne regions. In 2022, it acquired the Marylivsky Distillery (Nagirnyanka village, Ternopil region) from Ukrspirt.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the investment company Vitagro is People’s Deputy Serhiy Labazuk (parliamentary faction “For the Future”).

 

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Flour exports to EU under threat due to new trade quotas

Flour and cereal producers are concerned about a reduction in flour exports to the European Union after the expiry of autonomous trade measures on June 6, as 75% of their exports currently go to the EU, Rodion Rybchinsky, director of the Ukrainian Flour Millers Association, said in an interview with Interfax-Ukraine.

“Starting from June 6, we have the opportunity to supply a total of 583,300 tons of wheat and wheat flour to the EU market by the end of the year. But since the quota is combined, I am not sure that we will be able to fill it. It is much easier for wheat exporters to find buyers in the EU and fill their quota,” he said.

Rybchynsky added that the industry association continues to use all possible communication channels to convey to European officials the need to allocate a separate quota for Ukrainian flour for export to the EU or to remove it altogether.

The head of the Ukrainian Flour Millers Association stated that before the war, there were 678 enterprises specializing in grain processing in Ukraine, but in 2022, 192 enterprises were destroyed and remained in the occupied territories. As of the end of 2024, 88 enterprises have been restored.

At the same time, according to his information, exports of flour and cereals have fallen by 50% since the start of the war. Among the reasons, the expert cited a reduction in production and changes in logistics: whereas exports used to be mainly by sea, since the start of the war they have been forced to switch to road and rail transport, which are more expensive than sea transport.

Due to problems with transporting products across the Black Sea, container shipping has not yet been fully restored. As a result, the geography of grain processing product sales has changed significantly since the beginning of the war: 75% of products are exported to the European market, of which 55% go to EU countries, 15% to the Middle East, 4% to Africa, and 2% to Asia, according to the head of the Ukrainian Flour Millers Association.

As reported, First Deputy Minister of Agrarian Policy and Food Taras Vysotsky said in comments to journalists that one of the government’s strategies in negotiations with the European Commission will be to request that the established quotas be divided by commodity codes.

The European Commission has approved quotas for Ukrainian agricultural products, which will be in effect from June 6 until the end of 2025 as part of the Deep and Comprehensive Free Trade Area (DCFTA) agreement. According to a document published on the EU website, by the end of 2025, Ukraine will be able to supply the EU market under the Deep and Comprehensive Free Trade Area in a 7/12 month mode (7/12) with wheat, flour, and meslin – 583,330 tons , corn – 379,167 thousand tons, barley – 204,167 thousand tons, poultry meat – 52,511 thousand tons, beef – 7 thousand tons, eggs – 3,500 tons, milk and cream – 5,833 tons, dry milk – 2,917 tons, butter – 1,750 tons.

 

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Nova Poshta speeds up delivery in Baltics with new hub in Kaunas

Nova Poshta, Ukraine’s leading express delivery company, has opened a new sorting hub in Kaunas after two years of operating in Lithuania and opening more than 650 service points in the country, according to a press release on Monday.

“Kaunas is one of the key logistics hubs in the EU. The city’s convenient location at the intersection of major transport corridors allows us to build efficient routes for both domestic and international shipments,” said Svitlana Knyzhka, CEO of Nova Post in Lithuania, in the release.

It is noted that the hub handles over 1,000 shipments daily, operates 24/7, and provides delivery throughout Lithuania, as well as to Ukraine and other European Union countries. Its launch has made it possible to speed up delivery to Latvia by one day and to Estonia by two days.

The logistics hub also houses a Nova Poshta cargo department, where you can send and receive documents, parcels, and cargo weighing up to 1,000 kg.

“This year, we also plan to launch fulfillment based at the hub in Kaunas. This will open up new opportunities for our business customers: they will be able to store goods, process orders quickly, and deliver them fast both in Lithuania and across Europe, including Ukraine,” said Knyzhka.

She added that the company is also actively working on integration with platforms such as Kamenskaya Ink, Multiparcel, and Swotzy.

As reported, the consolidated revenue of the NOVA group of companies, which includes the parent company Nova Poshta LLC and its subsidiaries, in particular NovaPay, NovaPay PL, NP Digital, NOVA Digital Sp. z o.o. (Poland), Nova-Enerji, Novobox, Nova Place, Nova Post Europe, subsidiaries in Lithuania, Moldova, Poland, Slovakia, Hungary, Romania, Estonia, Latvia, the Czech Republic, Canada, Great Britain, France, Italy, Poland, Belgium, Spain, the Netherlands, in 2024 grew by 24% to UAH 54.2 billion. Consolidated profit decreased by 10.8% to UAH 3.81 billion.

Two new grain processing plants being built in Ukraine

Two flour processing plants will be built in Ukraine in 2025 – flour will be produced in western Ukraine, and cereals in the Poltava region, according to an interview with Interfax-Ukraine by Rodion Rybchinsky, director of the Ukrainian Flour Millers Association.

“Currently, a plant for the production of hard wheat flour with a capacity of up to 150 tons per day is being built in western Ukraine, with further processing of pasta, and in the Poltava region, a cereal plant with a combined capacity of up to 100 tons per day is expected to be launched,” he said.

According to the head of the industry association, there are niches in the flour milling business that are worth paying attention to.

“When we talk about grain processing, we must remember that it is not just flour or cereals. There are also combined products: dry breakfasts, energy bars, starch, dry gluten, enzyme preparations based on grain processing products — a very wide range of processed products,” Rybchynsky emphasized, adding that the main priority in the construction of such a production facility is the availability of buyers.

According to him, the cost of building a mill or a cereal plant in Ukraine starts at $3 million, but there are examples of businesses in Ukraine with a higher price tag of $15 million. This amount includes the cost of equipment and buildings (fixed assets), excluding working capital, which can reach 50% of the project cost. After all, in order to launch an enterprise, it is necessary to purchase raw materials, actively enter the market, and anticipate marketing costs, etc.

Rybchinsky also does not rule out the prospect of building a number of flour mills on the Black Sea coast, following the example of Turkey.

“Uzbekistan and Egypt have followed the same path as the Turks. The Uzbeks buy Kazakh grain, grind it, and have become the main exporter of flour to Afghanistan, from where they have ousted Kazakhstan. Egypt buys Ukrainian and Russian grain and has become the leading supplier of flour to the African market, partially displacing both the Turks and the French. All this points to the existence of a state policy,” he stressed, adding that the first step towards such a development of processing in Ukraine should be the interest of the state.

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Bus registrations rose by 62% in May

Initial registrations of new and used buses (including minibuses) in Ukraine in May 2025 rose by 62% compared to the same month in 2024, to 210 units, according to UkrAvtoprom on Telegram.

Compared to April this year, demand remained unchanged.

According to the association, new vehicles accounted for 43% of this volume, compared to 37% last year.

As in the previous year, the most popular new buses last month were Ataman buses manufactured by the Cherkasy Bus plant, with 27 units registered. (last year – 22 units), followed by Ford with 22 buses (in May 2024, the brand also ranked second, but with seven vehicles), and the domestic Etalon came in third with 13 units (six units).

According to UkrAvtoprom, among used buses, Mercedes-Benz was the most frequently registered, with 41 units, followed by Volkswagen with 17 units and MAN with 13 units.

In January-May, a total of 1,030 buses were added to Ukraine’s bus fleet (+41% compared to the same period in 2024), of which 459 were new (+11%) and 571 were used (+81%).

According to data from UkrAvtoprom, in 2024, initial registrations of new and used buses decreased by 19% compared to 2023, to 2,241 units, including new buses by 24%, to 1,296 units, and used buses by 12%, to 945 units.