Business news from Ukraine

Business news from Ukraine

Investment company S1 REIT has released list of tenants at “S1 Plaza Poznyaki” shopping center

S1 REIT, an investment company specializing in raising retail investment capital under the REIT model, has released a list of tenants at the property, which is an asset of the “S1 Plaza Poznyaki” fund.

As the company told the Interfax-Ukraine news agency, preliminary letters of intent have already been signed with the Domino’s pizza chain, the restaurant chains “Puzata Khata,” Tbiliso, and “Mama Manana,” the grocery chains Roshen, Lviv Croissants and “Bo Khlib,” the AstraDent dental clinic chain, and the Coffee Lover café.

“S1 Plaza Poznyaki” is not just a new location on the map of Kyiv; it embodies Standard One’s quality standards, combined with the high demand from local residents. “We’re not building from scratch in a vacuum—we’re expanding a business that already has a solid reputation and stable financial performance,” notes Standard One co-owner Oleksandr Ovcharenko.

“S1 Plaza Poznyaki” is part of the “Plaza” network of neighborhood shopping centers, which currently comprises three operating locations: “S1 Plaza VDNH,” “S1 Plaza Svyatoshyn,” and “S1 Plaza Terminal.” All of these properties were built as neighborhood shopping centers in the most heavily trafficked locations directly adjacent to metro stations in Kyiv.

Standard One, the project’s developer, has begun construction on the network’s fourth location—S1 Plaza Poznyaki—on the left bank of the capital. The “S1 Plaza Poznyaki” fund’s assets will include commercial space in the shopping center near the “Poznyaki” metro station in Kyiv. The total area of the property is approximately 5,000 square meters, and the new fund’s issue size is 600 million UAH. The initial investment is 1,000 UAH, and the additional investment is just 100 UAH. The projected annual yield for “S1 Plaza Poznyaki” is 10.4% in currency terms. Dividend payments to investors will be made monthly, starting in June 2026.

According to S1 REIT CEO Igor Gifes, the future shopping center already has an occupancy rate of over 60%—2.5 years before its opening. “For our investors, this means only one thing: the property will be profitable even before the ribbon-cutting ceremony,” says Gifes.

S1 REIT is an investment company that is part of the S1 Group. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and income generation of income-producing properties without directly managing the assets.

Three funds are available for investment: “S1 VDNH,” S1 Obolon, and “S1 Plaza Poznyaki.” The assets of these funds consist of income-generating real estate based on development projects by Standard One.

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Khmelnytskyi District Council Member Declared Largest Bitcoin Portfolio Among Public Officials

According to data from Opendatabot, Oleksandr Kizlyar, a member of the Khmelnytskyi District Council, declared the largest Bitcoin portfolio among Ukrainian public officials for 2025.

His declaration lists 100 BTC, which as of June 10, 2026, was valued at 278.8 million UAH.

Second place in terms of the amount of declared Bitcoin went to Oleg Bondarenko, a member of the Ukrainian Parliament and chairman of the Verkhovna Rada Committee on Environmental Policy and Natural Resource Use. He declared 80 BTC worth approximately 223 млн грн.

In third place is Kristina Pavlova, a representative of the Department of Public Works and Infrastructure of the Dnipro City Council, who reported 20 BTC worth over 55.7 млн грн.

Kizlyar also topped the ranking of Ethereum holders among those who filed declarations. He declared 1,000 ETH worth nearly 74 million UAH. Second place in this category went to Kristina Pavlova with 130 ETH, valued at 9.6 million UAH. Third place went to Iryna Sukhovetruk, a representative of the Kyiv City Prosecutor’s Office, with 100 ETH worth approximately 7.4 million UAH.

The largest amount of Tether (USDT) was declared by Hanna Fazikosh, chair of the Zakarpattia Court of Appeals—over 1.019 million USDT, or nearly 46 million UAH. Second place went to Pavlo Shandra, a deputy of the Odesa Regional Council, with 719,000 USDT worth over 32.4 million UAH. Third place went to Maksym Kiselov, director of the Kyiv Research Institute of Forensic Expertise, who declared 647,000 USDT worth over 29.1 million UAH.

Among the 391 members of the Verkhovna Rada, 16 declared cryptocurrency holdings, or about 4%. Oleg Bondarenko declared the largest crypto portfolio among parliamentarians—80 BTC.

Data from Opendatabot shows that the largest crypto assets among Ukrainian officials are concentrated not only in central government bodies but also among local council members, representatives of the judicial system, the prosecutor’s office, and local self-government bodies.

In an international context, Ukraine ranks among the global top 10 in terms of cryptocurrency adoption. According to Chainalysis’ Global Crypto Adoption Index 2025, the top ten spots are held by India, the United States, Pakistan, Vietnam, Brazil, Nigeria, Indonesia, Ukraine, the Philippines, and Russia. Ukraine ranks 8th in the world by the overall index and 1st by the population-adjusted metric.

Source: Opendatabot

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Shareholders of PJSC “FED” Will Meet Remotely on July 3

According to Fixygen, PJSC “FED” will hold a general meeting of shareholders remotely on July 3, 2026, as reported in the SMIDA disclosure system on June 10.

Details of the agenda are provided in the issuer’s announcement.

PJSC “FED” is registered in Kharkiv. According to public registration data, the company’s primary activity is the manufacture of aircraft and spacecraft, as well as related equipment.

The company’s authorized capital is 506.162 million UAH. The company operates in the machine-building sector.

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Labor shortage has become main obstacle for 69% of businesses

The labor shortage in Ukraine has reached a historic high—69% of companies cited it as the main obstacle to doing business during the war, according to the Institute for Economic Research and Policy Consulting (IER), based on the results of its 49th monthly survey, which the IER conducted among 469 industrial enterprises.

“For several months now, the ‘labor shortage’ obstacle has been breaking records. This obstacle has remained in first place for over a year and a half, reaching a high of 69% in May. Businesses are concerned about the shortage of workers,” said IER Senior Research Fellow Yevhen Angel.

In May, there was a slight decrease in the difficulty of finding qualified workers—the share of enterprises that found it harder to recruit such workers fell from 62.3% to 60.6%. It is more difficult to find unskilled workers—for 38.4% of respondents in May, compared to 34.3% in April.

Only 2.4% of businesses plan to increase employment over the next three months, while 5.1% plan to place employees on mandatory leave.

“Rising prices for raw materials, supplies, and goods” remains the second-biggest obstacle—the figure fell slightly from 56% to 49%.

The share of those concerned about “unsafe working conditions” has decreased slightly: this issue has become an obstacle for 44% of businesses, down from 46% in April, allowing it to hold third place for the fourth consecutive month.

The pattern of “unsafe working conditions” as an obstacle remains consistent across enterprise size. Medium and large enterprises are more likely to cite this problem—48% and 47%, respectively, in May—as they are more likely to be targeted by enemy attacks.

“From a regional perspective, this obstacle is particularly acute in frontline and central regions—over 80% of respondents in the Kyiv, Vinnytsia, Odesa, Zhytomyr, Zaporizhzhia, and Dnipropetrovsk regions cited it. In the west of the country, this obstacle is less relevant. The only exception is Rivne Oblast,” Angel said.

However, there have been noticeable changes regarding two other obstacles. The obstacle “decreased demand for products/services” rose from 26% to 38%. In addition, logistical difficulties have intensified, as evidenced by the increase in the obstacle “difficulties in transporting raw materials or finished goods across Ukraine” from 24% to 30%.

No significant changes were recorded for other obstacles. “Corruption” and “unlawful demands or pressure from law enforcement or regulatory agencies” remain “in the shadow” of the main obstacles—only 7% and 3% of respondents, respectively, mentioned them in May.

“The relevance of the obstacle ‘power outages’ remains at a relatively low level—20% in May—when compared to the winter attacks on our energy infrastructure,” Angel said.

It is noted that 31% of businesses temporarily suspended operations due to power outages in April, but mostly for short periods of time. At the same time, 41% of businesses operated continuously despite the outages. Already, 28% of businesses experienced no power outages, up from 20% the previous month.

Average working time losses amounted to 4% in April. The greatest losses of working time were observed in micro and small enterprises (57%); by industry, in the chemical industry (6%); and by region, in Kyiv (13%) and Sumy (9%) regions.

Assessments of the government’s economic policy remain neutral. “A large share of enterprises provide neutral assessments; specifically, 64% of respondents did so in May. The share of positive assessments remains low at 6%. At the same time, the share of negative assessments stands at 25%, and this gap between positive and negative assessments has persisted since the summer of 2023,” Angel summarized.

Up to 500 Ukrainian industrial enterprises located in 21 of Ukraine’s 27 regions participate in the IED’s New Monthly Enterprises Survey (#NRES). The survey has been conducted monthly since May 2022.

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“Kyivstar” is considering pilot bond offering on Ukrainian market

Kyivstar, Ukraine’s largest telecommunications operator, is considering a pilot bond offering on the Ukrainian market, the company’s President and CEO Oleksandr Komarov announced at the “UP 100 Business” event in Kyiv on the evening of June 17, dedicated to the 20th anniversary of “Ekonomichna Pravda.”

“We have a functioning business with fairly solid metrics. I feel that if we need financing in hryvnia or foreign currency, there are bond instruments that we plan to try in the near future. I see this opportunity and don’t see any obstacles,” Komarov noted.

He recalled that at one point in its history, Kyivstar was “approximately $250 million in debt” and successfully and promptly fulfilled all its obligations.

According to him, the company has never taken out loans secured by its assets, only against its working capital.

Komarov added that an instrument such as bonds could enable Kyivstar to implement a strategy of independence from its current liquidity levels.

He also expressed the view that “something positive is happening at the (National) Securities Commission” right now.

“I hope there will be some degree of legalization, and that new, simplified mechanisms for raising capital will be created. In other words, it seems to me that, despite the very difficult environment, we are gradually moving in the right direction,” said the president of Kyivstar on the day a bill was submitted to the Verkhovna Rada to simplify the registration of private share offerings.

As reported, Kyivstar increased its consolidated EBITDA by 28.5% in the first quarter of 2026—to 7.5 billion UAH—while revenue grew by 31.3%—to 13.9 billion UAH.

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“Ukrposhta” plans to raise over 22 mln UAH from sale of decommissioned vehicles

JSC “Ukrposhta” expects to raise more than 22 million UAH from the sale of decommissioned vehicles to modernize the company’s fleet.

“Every rusty UAZ sold is a direct contribution to new long-haul vehicles, modern logistics, delivery speed, and the company’s ability to operate even when the enemy is trying to destroy the infrastructure,” Ukrposhta CEO Ihor Smilianskyi is quoted as saying in the press release.

According to him, since the start of the full-scale invasion, “Ukrposhta” has lost 426 vehicles due to shelling and the temporary occupation of territories.

It is noted that during two phases of open auctions conducted through the “Prozorro.Sales” system, the postal operator sold over 1,000 vehicles. Specifically, during the first phase, 716 vehicles were sold, bringing the company approximately 9 million UAH.

“During the second phase, another 316 vehicles were put up for auction. Forty-two auctions have already taken place, and two more are in the final stages, specifically in the Donetsk and Zaporizhzhia regions,” the press release states.

Ukrposhta noted that over 600 participants took part in the auctions, which made it possible to nearly double the final value of the lots from 7.7 million hryvnias to a projected 13.7 million hryvnias.

“The most expensive lot in the second stage was the Kyiv lot consisting of 23 Soviet-era vehicles, which sold for 916 thousand UAH. The least expensive was a Mazda 6 for 44 thousand UAH,” the company emphasized.

Separately, the national postal operator noted that it had completed 100% automation of its sorting processes and expanded its fleet with 160 new MAN and IVECO trucks.

The state-owned “Ukrposhta” reported a total profit of 106.3 million UAH for January–April, with EBITDA of 122.9 million UAH. The company’s equity reached 2.3 billion UAH without additional budgetary funding.

In January–March 2026, the company reported a net loss of 204.8 million UAH, which is 1.1 million UAH, or 0.5%, higher than in the same period of 2025, while its revenue grew by 1.1% to 13 billion 118.42 billion UAH.

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