TAS Dniprovagonmash LLC (DVM, Kamyanske, Dnipropetrovsk Oblast), controlled by businessman Serhiy Tihipko’s TAS financial and industrial group, sold 556 freight cars in 2025, which is 8.2% or 50 cars fewer than in 2024.
According to the company’s regular financial report for 2025, published in the disclosure system of the National Securities and Stock Market Commission, the plant incurred losses of 151.4 million UAH, whereas in 2024 net profit amounted to 62.2 million UAH, and net revenue decreased by 12% to UAH 1.5358 billion.
The published report notes that last year the company completed large-scale contracts—for “LTG Cargo” (Lithuania) for 250 open-top railcars and with “CTS ”Liski” JSC “Ukrzaliznytsia” for 252 container platforms, while in the fourth quarter there was a ‘lull’ in orders.
“An important achievement was the first complete assembly at the company’s facilities of flatcars for 1,435 mm gauge, followed by shipment to our Austrian partner—TransAnt. This is not only a new stage in production but also confirmation that our products comply with European technical standards,” the company’s management report states.
This year, TAS Dniprovagonmash plans to sell 493 railcars, including 23 railcars and containers for the European market.
The report notes that of the 1,014 freight cars sold by Ukrainian manufacturers last year, 307 were sold by DMZ “Karpaty,” 103 by Kryukiv Railway Car Building Works, and 48 by “TAS Poltavavagon.”
According to the company, in 2025 it produced 550 railcars, which is 8.6% or 52 railcars fewer than in 2024. Of the total production volume, 46.2% consisted of container platforms, 36.4% of open-top cars, 16.9% of hopper cars, and 0.5% of cars for Europe (three platforms).
At the same time, production of boxcars tripled—to 200 units—while production of covered grain hopper cars decreased by 2.3 times—to 93 units.
“The reasons for the decline in railcar production in 2025 are a decrease in demand for railcars. In 2025, compared to 2024, the freight base of railway logistics in Ukraine showed a downward trend of -7.7%, or 13.4 million tons, which in turn had a negative impact on demand for newly built freight railcars,” the report states.
TAS “DVM” emphasizes that due to the decline in freight volumes and the prolonged operation of the old fleet, the number of railcars exceeds the needs of carriers and traders (including the presence of used Russian railcars that have reached the end of their service life and transit railcars that remained on Ukrainian territory after February 24, 2022).
In turn, this leads to low railcar rental rates (historically record-low), a decline in the profitability of production and rolling stock leasing, a decrease in orders for new railcars from operators and owners, and a withdrawal of funding from production programs.
Among the factors hindering production, the plant also cites massive rocket attacks, which have significantly impacted the state of the energy sector, transport, and port infrastructure, the lack of restrictions on the service life of freight cars, and the increased turnaround time for rolling stock due to a shortage of traction units at Ukrzaliznytsia.
The company emphasizes that the operation of the “Ukrainian Corridor,” specifically the Black Sea routes, remains a key factor for current freight traffic and the formation of demand for freight cars.
TAS Dniprovagonmash’s share of Ukraine’s total freight car production in 2025 was 54.8%; its main competitors include the Kryukiv Carriage Works, DOZ “Karpaty,” and Ukrzaliznytsia enterprises. At the same time, the report emphasizes that while TAS Dniprovagonmash reduced its freight car production by 8.6% last year, other railcar manufacturers cut production by more than 70%.
Among the prospects for further development aimed at increasing the production and sale of railcars, TAS Dniprovagonmash cites expanding its customer base, improving production lines, and modernizing equipment. There are also plans to supply freight cars and components to EU countries and to regain access to markets in Asia and the Baltic states.
“TAS Dniprovagonmash,” which has the capacity to produce 9,000 railcars per year, reportedly offers the widest range of freight railcars among domestic manufacturers (over 160 models) and also produces metal structures, railcar bogies, spare parts, and equipment for the agricultural sector.
In 2024, the plant increased freight car sales by 63.7% compared to 2023—to 606 units—and production by 59.2%—to 602 units. Net profit rose by 31.6% to 62.3 million UAH, and net revenue by 61.8% to 1.7437 billion UAH.
NovaPay (TM NovaPay), the international financial service from the Nova Group, increased its transfer volume by 53% in the first quarter of 2026 compared to the same period in 2025—to over 200 billion UAH, while the number of transactions rose by 12% to 126 million, according to a company statement on Monday.
“The first quarter confirmed that NovaPay is confidently scaling alongside customer needs. A particular focus is on the development of digital payments and tools for entrepreneurs that allow them to manage their finances without unnecessary barriers,” the release quotes acting CEO of NovaPay Ihor Prykhodko as saying.
It is noted that in January–March 2026, the company transferred approximately 540 million UAH to the state budget, which is 32% more than in the same period of 2025.
As reported, in 2025, NovaPay increased its revenue by 10.4% to UAH 10.01 billion, while its net profit decreased by 22% to UAH 2.58 billion.
NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), providing financial services both online and offline at Nova Poshta branches.
According to information on its website, the company employs approximately 13,000 people across more than 3,600 Nova Poshta branches throughout Ukraine.
According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.
In 2023, NovaPay became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards, and in late 2025, it became the first non-bank to launch its own financial app offering a wide range of financial services.
Over the two years of the updated state support program, Ukrainian agricultural producers have purchased domestic agricultural machinery and equipment totaling over 10.5 billion UAH (including VAT), according to the press service of the Ministry of Economy, Environment, and Agriculture.
According to the ministry’s report, between April 2024 and February 2026, 8,982 enterprises took advantage of the opportunity for partial reimbursement of costs (25%). During this period, farmers purchased 14,611 units of equipment, and the total amount of funds disbursed by the state reached $2.2 billion.
“For farmers, this is a beneficial tool for modernizing their equipment fleet, and for manufacturers, it means an increase in orders. Since April 2024, the list of equipment eligible for state compensation has grown more than 14-fold. Funding for the program has already been allocated for 2026,” noted Minister of Economy, Environment, and Agriculture Oleksiy Sobolev.
The 2026 budget allocates $1.8 billion for the implementation of the state program. The first $126.1 million has already been disbursed to 382 manufacturers who submitted applications this winter. Farms in the Ternopil, Poltava, Cherkasy, Kirovohrad, and Vinnytsia regions were the most active buyers of equipment.
The official list of eligible equipment currently includes 14,425 items from 166 Ukrainian manufacturers. The ministry also noted that, starting in April 2026, the compensation rate for farmers in frontline areas has been increased to 40%.
Global primary nickel production is projected to decline by 4.3% in 2026, reaching 3.715 million tons, according to the International Nickel Study Group (INSG).
By the end of 2025, it had grown by 8.1% to 3.88 million tons.
These estimates do not account for the possibility of any significant disruptions in operations, the INSG report notes.
Indonesia, the world’s leading nickel producer, introduced additional measures in 2026 to tighten regulation of the mining sector. The approved nickel ore production quota for this year was set at a significantly lower level than in 2025. However, it may be revised upward, depending on the government’s assessment of supply and demand.
Global consumption of primary nickel is expected to increase by 4.2% this year, reaching 3.747 million tons. Last year, it rose by 3.5% to 3.473 million tons.
As a result, the global nickel market will face a shortage in 2026. The deficit will amount to 32,000 tons, whereas in 2025 a surplus of 283,000 tons was recorded, in 2024 – 226,000 tons, and in 2023 – 175,000 tons.
Uncertainty regarding production volumes in Indonesia and the conflict in the Middle East could lead to a revision of forecasts. “The consequences (of the war in Iran – ed.) for metal markets—both in terms of production and final demand—have not yet been adequately assessed,” the INSG report notes.
The INSG is an independent intergovernmental organization founded in 1990 and based in Lisbon, Portugal. The group’s members include nickel-producing and consuming countries: Australia, Brazil, the United Kingdom, Germany, India, Italy, Cuba, Norway, Portugal, Russia, Finland, France, Sweden, Japan, and the European Union.
The state-owned enterprise “Forests of Ukraine,” together with Latvian partners, has launched a project to create living memorials in the EU, under which 2,000 pine trees were planted in Latvia in honor of nearly 200 Ukrainian foresters who lost their lives, the enterprise’s press service reported on Facebook on Monday.
“The memory of the fallen must be transformed into the world’s determination to stop aggression,” said Ukrainian President Volodymyr Zelenskyy during the presentation of the 2026 Four Freedoms Award.
The event in the Talsi region near Kamparkalns marked the first step in the international expansion of the “Forests of Memory” project, under which nearly 50 memorial groves have already been planted in Ukraine. On April 23, a memorial plaque was installed and trees were planted on the Latvian site in honor of the Ukrainian heroes.
“Today, here on Latvian soil, we are creating a living monument to Ukrainian foresters who defended their homeland with weapons in hand. These trees will remind everyone of the courage of the Ukrainian people and the price paid for independence,” emphasized Maris Lopa, Chairman of the Latvian Forest Certification Council.
The event was organized by the Latvian Ministry of Agriculture, the Latvian Forest Certification Council, and the companies Latvijas valsts meži and Latvijas Finieris.
The State Enterprise “Forests of Ukraine” predicts that this year such memorial forests will also appear in other European Union countries to strengthen international support and honor the heroic deeds of Ukrainian soldiers.
In addition, on April 19, Latvian volunteers delivered another batch of aid to the Armed Forces of Ukraine: seven buses, including two minibuses for units where foresters from Volyn and Rivne regions serve.
The state-owned enterprise “Boryspil International Airport” (Kyiv) announced a tender on April 27 for the procurement of compulsory civil liability insurance for owners of land vehicles (OSAGO), according to the Prozorro electronic public procurement system.
The estimated cost of the services is 543,600 UAH.
The deadline for submitting bids is May 5.
The winner of a similar tender in April of this year was Guardian Insurance Company.
