Business news from Ukraine

Business news from Ukraine

KNUBA and Swedish V94 prepare veterans for work in construction safety

Kyiv National University of Construction and Architecture, together with the Swedish organization V94, is launching the SAFER Reconstruction project, aimed at training specialists in occupational health, safety, and the environment (HSE). The training process will be organized by the Vinnytsia Professional College of Construction, Architecture, and Design, a structural unit of KNUCA. The university will coordinate the program and provide expert support. This was announced by Rector Oleksiy Dniprov.

As part of the initiative, 30 Ukrainian veterans will undergo training to become HSE coordinators and implement EU standards in the construction industry during the reconstruction of Ukraine.

The training program will combine a theoretical component, practical training, and a module on democratic values and European integration. The program is currently being adapted to current market needs in compliance with Ukrainian and European standards.

KNUBA will provide coordination and academic support for the training process. The university’s role includes mentoring Vinnytsia College teachers, providing expertise in the preparation of training materials, quality control of educational content, and participation in the development of the theoretical and practical parts of the program. The KNUBA Institute for Reintegration, Rehabilitation, and Professional Development of Veterans “Architecture of Sustainability” is actively involved in the implementation of the program and is responsible for supporting participants and identifying their educational needs.

The SAFER Reconstruction project brings together an international consortium of partners: V94 – management and coordination, BDO Consulting – training of trainers, Vinnytsia Vocational College – implementation of training, Confederation of Builders of Ukraine – access to practical training at construction sites, Ukrainian Veterans Fund – selection and support of participants, Association of Civic Education Teachers – teaching of EU democratic values.

The project is funded by the Swedish Institute, a government agency of the Swedish Ministry of Foreign Affairs that supports international educational, cultural, and democratic programs. The Institute works to strengthen global cooperation, promote sustainable development, develop democracy, and engage citizens in public life, which is in line with the main objectives of the project in Ukraine.

V94 was founded in 2022 to promote Ukraine’s recovery, in particular by using Swedish experience to develop vocational training in the construction sector.

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Moldova wants to tighten control over cryptocurrency

The Moldovan authorities plan to tighten control over cryptocurrency transactions, according to the parliament’s press service.

This issue was discussed at a meeting of the parliamentary committee on foreign policy. The committee approved the start of negotiations and the signing of a draft amendment to the multilateral agreement signed in Berlin in 2014. Its essence is to include cryptocurrencies in the process of automatic exchange of information on financial accounts between Moldova and other states.

According to the country’s Ministry of Finance, updating the structure of the automatic exchange of information on financial accounts is necessary in connection with the development of financial markets and new tax risks, including those related to digital assets. The ministry believes that the amendment will contribute to greater tax transparency.

Moldova joined the agreement on the exchange of financial account data in 2023, and the first exchange took place in 2024. Data is exchanged with 120 countries.

After signing, the amendment to the agreement will be submitted for ratification at a plenary session of parliament.

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Irkliiv Butter and Cheese Factory in Cherkasy Region is being sold at OpenMarket auction: starting price is UAH 10.9 mln

The industrial complex of the former Irkliiv Butter and Cheese Factory in Cherkasy Region is being offered for sale on the OpenMarket electronic platform. The starting price of the lot is UAH 10.9 million, according to the State Enterprise “SETAM” of the Ministry of Justice of Ukraine.

The property, located in the village of Irkliiv, Chornobaivskyi district, includes several non-residential properties with a total area of 5,222.8 square meters. The complex has a developed engineering infrastructure: electricity supply with a connected capacity of 1,159.2 kW, an operating sewage pumping station, a water tower, and its own well.

“The sale of such properties through open bidding is a way to modernize regional industry. We believe that our auction will help find an investor who can unlock the potential of the enterprise and create jobs,” said Roman Osadchuk, CEO of SETAM.

The auction for the sale of the property will take place on December 18, 2025. The OpenMarket electronic trading system, which has been operating in Ukraine since 2014, is one of the key tools for online asset purchases. In total, property worth more than UAH 26.6 billion has already been sold through the system.

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Ukrrichflot incurred losses of nearly UAH 200 mln in first nine months of 2025

In January-September of this year, PJSC Shipping Company Ukrrichflot incurred a net loss of UAH 196.007 million, compared to a net profit of UAH 23.731 million in the same period last year.

According to the company’s interim report, which is available to the Interfax-Ukraine agency, the loss in the third quarter of 2025 amounted to UAH 61.264 million.

Revenue for this period decreased 7.7 times, from UAH 176.283 million to UAH 22.781 million.

Retained earnings at the end of September amounted to UAH 316.777 million.

The company ended 2024 with a net loss of UAH 29.983 million, compared to UAH 22.251 million in 2023.

PJSC “Shipping Company ”Ukrrichflot” is a private logistics operator engaged in river and sea cargo transportation.

According to the NDU, as of the third quarter of 2025, Oltinoro Investments Limited owns 5.5% of the shares, and Culata Limited (both based in Cyprus) owns 9.7758%. The closed-end non-diversified venture investment fund “P’yatyy,” on behalf of and at the expense of which LLC “AMC ”Svarog Asset Management“ operates, owns 66.1032%; LLC ”Promexpertinvest” owns 9.1666%.

The authorized capital of PJSC Ukrrichflot is UAH 51 million 428.586 thousand, the nominal value of a share is UAH 0.30.

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Metinvest supplied nearly 3,000 tons of metal for Kryvyi Rih’s heating networks

Metinvest-SMZ, the network of service metal centers belonging to the Metinvest Group in Ukraine, supplied nearly 3,000 tons of specially cut sheet metal for the manufacture of pipes for Kryvyi Rih’s heating networks.

According to the company, after last year’s difficult situation with heat supply, when the city faced problems with heating homes and infrastructure due to wear and tear and accidents on heating networks, almost 40% of consumers were left without heat.

Therefore, Kryvyi Rih held a tender for the supply of large-diameter pipes with a total weight of 3,800 tons in preparation for the current heating season.
Metinvest-SMZ played an important role in the project by supplying rolled sheet metal.

This metal was used to manufacture pipes for the Kryvyi Rih heating plant measuring 820×10 mm, 720×10 mm, and 630×8 mm.
Deliveries began in August, providing the city with the materials needed to stabilize heat supply in the new heating season.

Metinvest-SMZ LLC is the largest network of service metal centers in Ukraine, operating on the market since 2003. The LLC’s metal centers are located in key industrial cities of the country, such as Kyiv, Kharkiv, Dnipro, Zaporizhzhia, Lviv, Odesa, and many others.

The company’s authorized capital is UAH 17.205 million.

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

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Ukrtelecom will increase Internet speed to 1 Gbit/s for all residential subscribers

Ukrtelecom, Ukraine’s largest fixed-line operator, will introduce a new speed standard for its GPON optical network on January 1, 2026, increasing it to 1 Gbit/s for households regardless of their current tariff plan, according to a press release from the company.

“We want gigabit internet to become the new standard for Ukrainians, not a premium option. That is why we are increasing the speed to 1 Gbit/s for households on our GPON network at no extra charge,” said Igor Yaremchuk, commercial director of Ukrtelecom, in the release.

According to him, subscribers will not need to contact the contact center or service centers to set up the new standard.

At the same time, it is noted that in order to use gigabit speeds, subscribers need to have a router or Wi-Fi Mesh system with 1 Gbit/s support.

In January-September 2025, Ukrtelecom increased its revenue by 5.6% compared to the same period in 2024, to UAH 3.8 billion, and EBITDA by 6.6%, to UAH 906 million, including an 11.3% increase in revenue from fiber-optic Internet services.

The operator noted that in January-September 2025, more than 3,500 km of fiber-optic lines were laid, and in total, since the beginning of the full-scale invasion, more than 20,000 km of optics have been built, enabling 1.4 million households to connect to fiber-optic internet. In total, fiber-optic internet is currently available to over 3.3 million users.

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