Local budgets received UAH 37.7 billion from land tax payments in January-October 2025, which is 15.3% or UAH 5 billion more than in the same period last year, according to Lesya Karnaukh, acting head of the State Tax Service (STS), on Facebook.
According to her, taxpayers in Dnipropetrovsk and Kyiv provided more than a third of all land tax revenues for the 10 months of 2025, with local budgets in Dnipropetrovsk receiving UAH 6.7 billion and the capital receiving UAH 5.3 billion.
In addition, Odessa (UAH 3.3 billion) and Lviv (UAH 2.6 billion) regions are among the leaders in land tax payments.
“Land tax is one of the most stable sources of local budget revenues. These funds are used specifically for communities and the implementation of infrastructure and social projects. I would like to thank all taxpayers who conscientiously fulfill their obligations. Every contribution works for the development of communities and the strength of the country,” Karnaukh concluded.
More than 794,000 enforcement proceedings for utility debts are currently registered in the Unified Register of Debtors. 60% of these debts have reached a dead end: they have been formally completed but not closed, and no money has been collected. 194 thousand new debts were added to the Register this year. Most often, Ukrainians accumulate debts for heat supply. More than a quarter of debtors are pensioners. A 71-year-old pensioner from Mykolaiv region holds the anti-record for the number of debts: 28 proceedings, all for electricity.
As of the beginning of November 2025, there were 794,604 active debts for utilities in Ukraine. Despite their active status, most of these proceedings have actually reached a dead end: 60% of the cases, or more than 476,000, have already been completed without any real recovery. The debts have remained in the Register, but the enforcers have simply failed to collect the debt.
194 thousand new proceedings for utility debts have already been opened this year. Two-thirds of them are still open (132,578 proceedings).
The largest amount of utility debt is owed in Kharkiv region: 47.9 thousand proceedings. Dnipropetrovs’k region is slightly behind with 45.4 thousand proceedings. Other regions are at least three times behind: Mykolaiv region (11.9 thousand), Poltava region (11.3 thousand) and Sumy region (8.5 thousand).
In 40% of cases, Ukrainians will owe for heat supply in 2025. Water supply is in second place (18%), followed by gas supply (15%) and housing services (10%). Garbage collection and electricity account for 8% and 6%, respectively.
This year, the largest number of proceedings were opened against people aged 46-60, accounting for almost 36% of all cases. And every fourth debt falls on pensioners.
More than half of the proceedings (55%) were opened against women this year. And the anti-record belongs to a 71-year-old pensioner from Mykolaiv region, against whom 28 proceedings were opened for electricity debts this year alone. All of them were terminated due to the impossibility of collection. In fact, the debts remained, and the system only accumulated new “dead” cases.
Context
As a reminder, the Verkhovna Rada supported in the first reading the draft law No. 14005, which is supposed to significantly change the rules for working with debtors. The document proposes automatic inclusion of debtors in the register and a ban on the sale or donation of property until the debt is fully repaid. The new rules will make it easier to seize assets and prevent attempts to re-register them.
Andriy Avtorgov, a private enforcement officer, comments on the hype surrounding the yet-to-be-adopted law:
“Some of the loud statements around the project are based on a misunderstanding of the current legislation: the Unified Register of Debtors has been operating since 2017, and foreclosure on the only housing, under certain conditions, was possible even earlier. The new draft law actually brings back the rules that existed before and makes life easier for debtors by making it easier for them to pay the debt, as the enforcement proceedings will be automatically closed and the debtor will be excluded from the Unified Register of Debtors.”
The bailiff notes that the implementation of such decisions should be carried out with some caution so as not to destroy the already fragile architecture of the enforcement process, as the percentage of enforcement is already extremely low.
Despite the panic on social media, even if the law is passed, the mechanism for seizing a single home will not change significantly. It will be possible, as it is now, only if the debts exceed 20 minimum wages (UAH 160,000) and with the mandatory involvement of guardianship authorities if children are registered in the home. The law is still being finalized for the second reading, so the final rules may change.
https://opendatabot.ua/analytics/debts-bills-2025-11
JSC Ukrzaliznytsia (UZ) has determined the empty run coefficients and average daily transport speed for 2026, according to the company’s website.
According to the report, the largest increase in empty run coefficients will affect specialized rolling stock, namely: food tank cars will increase in price from 1.03 to 1.44, fitting platforms — from 0.45 to 0.70, Euro gauge (1435 mm) tank cars — from 0.77 to 1.04, grain cars — from 1.06 to 1.11, and semi-cars — from 0.85 to 0.89.
The most significant drop will affect container platforms — from 1.50 to 0.97. A significant reduction in costs is expected for carriers of mineral fertilizers and raw materials: the coefficient for mineral carriers will decrease from 1.28 to 0.79.
At the same time, the average daily transport speed in the export direction via land crossings will increase for most types of cars. At the same time, a decrease in the average speed will be recorded for most types of rolling stock in the direction of port stations.
The speed for exports will increase by 115 km/day for covered railcars/container shipments converted from refrigerated railcars, and by 113 km/day for route or container trains in the direction of ports for tank cars that have been converted and modernized.
The speed for cement carriers will drop almost everywhere, and for export trains, the reduction will be 89 km/day (-146 km/day).
Grain carriers on routes to ports for route/container trains will slow down to 255 km/day.
For fitting platforms, the speed will be reduced for all types of shipments and in all types of transportation.
The Kametstal plant, part of the Metinvest mining and metallurgical group, established on the premises of the Dniprovsky Metallurgical Combine (DMK, Kamianske, Dnipropetrovsk region), earned a net profit of UAH 1 billion 345.153 million in January-September this year, while the same period in 2024 ended with a net loss of UAH 625.830 million.
According to the company’s interim report, available to the Interfax-Ukraine agency, profit in the third quarter amounted to UAH 711.232 million.
Net income for this period increased by 9% to UAH 42 billion 454.272 million.
The uncovered loss at the end of September amounted to UAH 493.835 million.
The plant ended 2024 with a loss of UAH 237.705 million, while in 2023 it amounted to UAH 912.333 million. The plant ended 2022 with a net loss of UAH 883.119 million, while in 2021 it received a net profit of UAH 120.277 million.
KAMETSTAL was established on the basis of PJSC Dniprovsky Coke Chemical Plant (DKHP) and CMK PJSC Dniprovsky Metallurgical Plant (DMK). The average number of full-time employees in the third quarter of 2025 was 7,226.
According to the NDU for the third quarter of 2025, Metinvest B.V. (Netherlands) owns 100% of the company’s shares.
The authorized capital of PJSC Kametstal is UAH 170.584 million.
The global cryptocurrency market experienced a sharp correction in November 2025 after reaching its autumn highs, losing more than $1 trillion in total capitalization amid profit-taking by investors, outflows from exchange-traded funds, and a deterioration in risk appetite in global markets, according to estimates by analytical platforms and market participants.
From late September to early October, when Bitcoin was hitting historic highs above $120,000–126,000 per coin, to mid-November, the total capitalization of the crypto market fell by about a quarter. At times, the Bitcoin price fell to around $82,000–85,000, which is a decline of about 20–30% from its October peak. By the end of the month, the first cryptocurrency had partially recovered from the fall and consolidated in the range of about $87,000–90,000.
Analysts attribute the correction primarily to large-scale profit-taking after months of growth that began in 2023–2024, as well as a revision of expectations regarding Fed rates and a decline in interest in risky assets amid the strengthening of gold’s position as a safe-haven asset.
Additional pressure on the market came from significant outflows from spot Bitcoin ETFs in the US: according to market participants’ estimates, the total amount of funds withdrawn from such funds in November amounted to several billion dollars, which led to sales of the underlying asset. At the same time, a number of public companies reduced their cryptocurrency reserves to service their debts and support their own quotations.
The correction also affected other leading crypto assets. Ethereum traded in the range of about $2,800–3,000, and a number of major altcoins (including Solana and XRP) also showed double-digit declines from recent local highs, although some of the losses were recouped by the end of November.
Against the backdrop of general volatility, individual tokens showed mixed dynamics. For example, the previously inconspicuous RAIN token, associated with the decentralized prediction market, showed short-term growth of more than 100% after one of the biopharmaceutical companies announced plans to form a significant amount of reserves in this asset.
The decentralized finance (DeFi) segment came under pressure again in November due to security incidents: one of the major automated trading protocols lost a significant amount of user funds as a result of an exploit, which intensified the debate surrounding the stability of complex DeFi mechanisms.
At the same time, regulation continued to tighten and infrastructure continued to institutionalize. Financial regulators in a number of countries announced increased requirements for reserves and asset segregation on crypto exchanges, while large fintech companies continued to work on their own stablecoins and blockchain payment solutions within the framework of existing or upcoming regulatory regimes.
Most industry analysts assess what has happened not as the beginning of a new prolonged “bear market,” but as a deep but typical correction for cryptocurrencies after a period of overheating. At the same time, they point out that volatility and high sensitivity to macroeconomic factors maintain the status of crypto assets as one of the most risky segments of the global financial market, despite the growth of institutional participation and the development of a regulated infrastructure.
Pivni Mining and Processing Plant (Pivni Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, reduced its net profit by 45.9% to UAH 608.853 million in January-September this year, compared to UAH 1 billion 125.047 million in the same period last year.
According to the company’s interim report, which is available to Interfax-Ukraine, the loss in the third quarter amounted to UAH 286.948 million.
In the first nine months of this year, the company increased its revenue by 21.8% to UAH 24 billion 700.220 million.
Retained earnings at the end of September 2025 amounted to UAH 14 billion 29.453 million.
In the first nine months of 2025, production volumes amounted to 4.410 million tons of commercial concentrate and 3.298 million tons of pellets. 99.4% of commercial products for the reporting period were sold on the domestic market.
As part of the implementation of the plant’s capital investment program in Q1-Q3 2025, measures were taken to maintain production capacity, upgrade infrastructure, improve the efficiency of technological processes, and ensure the stable operation of the main production units. In particular, in accordance with the plant’s development program and within the limits of the approved limits, construction and installation work was carried out on capital construction projects: reconstruction of the existing tailings pond with the extension of enclosing structures to the limit mark +165 (stage III) and mark +169, as well as the re-laying of mobile tracks and the installation of a side contact network.
In addition, the development of working documentation for the reconstruction of the tailings pond (from elevation +165 to +169) was continued; the construction of a connecting track was completed and a side contact network for the connecting track was installed within the expansion of the Pervomaisky and Hannivsky quarries (FEL4); the stages of OTR were prepared and a geological and economic reassessment of the reserves of ferruginous quartzites of the Pershotravneve and Hannivske quarries was carried out; The replacement of the SB-1 conveyor was completed; work is continuing on the overhaul of the bath complex of the Central Heating Plant-2 and the PK (GTZ-1); the replacement of U-220 ORU-150 kV oil circuit breakers at the GPP-3,4 substations with gas-insulated analogues was completed.
In 2024, PivGZK increased its net profit to UAH 1 billion 338.185 million from UAH 866.090 million in 2023. The company ended 2022 with a net loss of UAH 2 billion 972.333 million, while in 2021 it received a net profit of UAH 25 billion 293.042 million.
The plant specializes in the extraction, processing, and production of iron ore raw materials. The average number of full-time employees is 4,512.
Metіnvest B.V. owns 100% of the shares of Northern GOK.
Northern GOK is part of the Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76%). The managing company of Metinvest Group is Metinvest Holding LLC.
Pivnichny GOK’s authorized capital is UAH 579.707 million.
