Business news from Ukraine

Business news from Ukraine

Ukraine exported over 15 mln tons of wheat during season

As of June 9, Ukraine had exported 38.777 million tons of grains and legumes since the beginning of the 2024-2025 marketing year (July-June), of which 475,000 tons were shipped this month, according to the press service of the Ministry of Agrarian Policy and Food, citing data from the State Customs Service. were shipped this month, according to the press service of the Ministry of Agrarian Policy and Food, citing data from the State Customs Service.

According to the report, as of June 12 last year, total shipments amounted to 48.381 million tons, including 1.449 million tons in June.

At the same time, in terms of crops, since the beginning of the current season, 15.015 million tons of wheat (152,000 tons in June), 2.305 million tons of barley (0), 10,800 tons of rye (0), corn – 20.89 million tons (320 thousand tons).

Total exports of Ukrainian flour since the beginning of the season as of June 9 are estimated at 66.1 thousand tons (in June – 1.2 thousand tons), including wheat flour – 61.7 thousand tons (1.1 thousand tons).

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PrivatBank financed purchase of cars worth UAH 2 bln

Since the beginning of 2025, the state-owned PrivatBank (Kyiv) has financed the purchase of new cars worth UAH 2 billion, and the bank’s share in the market for new car loans has reached 44%, according to a press release issued by the financial institution on Monday.

“Currently, every fifth car purchased in Ukraine is financed by a loan, and PrivatBank’s share in the new car loan market since the beginning of 2025 has reached 44%,” commented Dmytro Musienko, member of the bank’s board for retail market issues.

It is noted that most car loans at PrivatBank are taken out in Kyiv (45% of the total), followed by Dnipro (9%), Lviv (6%), and Odesa and Kharkiv (5% each).

According to the bank’s statistics, men are more likely to take out car loans, accounting for 58% of the car loan portfolio. The most active age group is Ukrainians aged 36–45, who account for 43% of customers. The share of customers aged 46 and older is 34%, and young people aged 21–35 account for 23%.

In most cases, car loans are issued for a term of 5 years, and this trend will continue in 2025.

“The trend in 2025 will continue to be an increase in demand for electric cars and hybrids, whose share of cars purchased on credit compared to 2024 will grow to 16% and 18%, respectively,” PrivatBank added.

It is noted that among the most popular brands in Ukraine, Toyota, Hyundai, Skoda, Peugeot, and Mazda cars are most often purchased on credit, as these models are subject to special financing terms.

In mid-December last year, PrivatBank reported that in 2024, it had issued more than 3,000 car loans to individuals for a total amount of over UAH 2.5 billion.

According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets with UAH 945.4 billion, or 25.2% among 61 banks.

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Vodafone Ukraine repurchases Eurobonds worth $1.11 mln

Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), which on May 23 announced an offer to repurchase its Eurobonds worth $1.11 million, has received bids significantly exceeding the repurchase amount.

“The offered bonds will be accepted for purchase on a pro rata basis in accordance with a scaling factor of 0.0040355668,” the issuer said in a statement on the Irish Stock Exchange on Monday.

According to the statement, if the application of this ratio to the bond package of any holder results in an amount less than the minimum nominal value, such offered bonds will be rejected.

The settlement date for the tender offer will be approximately June 13, 2025.

The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to EUR1 million in hryvnia.

The company emphasized that, according to the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.

According to the announced terms, the bonds will be redeemed at a rate of 99% of their face value.

VFU recalled that a total of $300 million in bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued, of which the company currently holds $0.5 million in bonds.

As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.

In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24% to UAH 697 million.

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China may open its market to Ukrainian flour in 2025

The State Service for Food Safety is making efforts to open the Chinese market to Ukrainian flour in 2025, according to Vadym Chaykovsky, Deputy Head of the State Service for Food Safety and Chief Phytosanitary Inspector of Ukraine.

“We plan to sign protocols with our Chinese colleagues this year to open the market for Ukrainian wheat flour,” he said at the Agro Ukraine Summit in Kyiv on Friday.

He recalled that the State Service initiated procedures to promote the supply of wheat, millet, and sorghum from Ukraine to the Chinese market and is systematically working to open this market for Ukrainian peas.

Chaikovsky added that the phytosanitary authorities of both countries are currently preparing to launch a service such as video inspection of crops from the fields of enterprises that intend to supply products to China in the 2025/2026 season.

The chief phytosanitary inspector called on export-oriented enterprises to promptly contact the regional offices of the State Service of Ukraine for Food Safety and Consumer Protection to conduct phytosanitary inspections of their fields.

Insurance Guarantees of Ukraine reduced premium income by 71%

In January-March 2025, Insurance Guarantees of Ukraine (SGU, Kyiv) collected UAH 166,000 in gross premiums, which is 71.08% less than in the same period of 2024.

This follows from information from the rating agency Expert-Rating confirming the insurer’s financial stability rating for the first quarter of 2025 at “uaAA” on the national scale.
It is noted that during this period of 2025, the company did not make any insurance payments.

SGU’s equity for the reporting period decreased by 7.44% to UAH 51.29 million, while gross liabilities increased by 48.88% to UAH 1.39 million.
The amount of cash and cash equivalents in SGU’s accounts as of March 31, 2025, amounted to UAH 43.998 million, a decrease of 7.83%, and the company’s assets exceeded the insurer’s gross liabilities by 31.61 times.

The company’s activities in the first quarter of 2025 were unprofitable: the insurer received a net loss of 801 thousand and an operating loss of 1.244 million UAH.
PJSC “SGU” was registered in November 2005. It has licenses to conduct 15 types of insurance activities, including four for compulsory insurance and 11 for voluntary insurance.

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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