Business news from Ukraine

Business news from Ukraine

AMCU fined Med-Service Dnipro pharmacy chain for delaying submission of information

The Antimonopoly Committee of Ukraine (AMCU) fined the pharmacy chain Med-Service Dnipro (Dnipro) UAH 101,000 for failing to submit information on time regarding drugs for the treatment of acute rhinitis.

According to the AMCU, the decision was made on June 12.

During the investigation of the case, which was initiated on the grounds of violation of the legislation on the protection of economic competition in the market of medicines that can be used to treat acute rhinitis, the committee sent a request to the pharmacy to provide information on the interchangeability of medicines within 10 days, but Med-Service Dnipro responded with a delay of seven days.

When determining the amount of the fine, the AMCU took into account mitigating circumstances and the absence of intent in the actions of the pharmacy chain.

Med-Service DNEPR LLC, EDRPOU code 41606497, was registered in 2017. 90% of the company is owned by Med-Service Group LLC.

The ultimate beneficiary is Oleg Tokarev.

 

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Oil prices are skyrocketing amid Israeli strikes on Iran

Oil prices are rising sharply on Friday morning on news of Israeli strikes on Iran.

The price of August Brent futures on the London ICE Futures exchange rose by $5.8 (8.36%) to $75.16 per barrel as of 8:11 a.m. On Thursday, these contracts fell by $0.41 (0.59%) to $69.36 per barrel.

WTI crude oil futures for July delivery on the New York Mercantile Exchange (NYMEX) rose by $5.91 (8.69%) to $73.95 per barrel. At the end of Thursday’s session, the value of these contracts decreased by $0.11 (0.16%) to $68.04 per barrel.

The Israeli Air Force launched dozens of strikes on nuclear and missile sites in Iran on Thursday, according to the Axios portal.

“Israeli Defense Minister Israel Katz announced a state of emergency throughout the country and said: ‘Following the State of Israel’s preemptive strike against Iran, a missile attack and drone attack against the State of Israel and its civilian population is expected in the near future,’” the portal reported.

A representative of the Israel Defense Forces (IDF) told reporters that the operation to destroy Iran’s nuclear capabilities and ballistic missile capabilities would last several days.

The official explained that in recent weeks, “signs have emerged” that Iran is seeking to build a nuclear bomb.

“We are now in a strategically advantageous position and close to the point of no return, and we had no choice but to take action,” he said.

The prospect of an escalating conflict in the Middle East threatens shipping in the Strait of Hormuz, a key route for about 20% of global oil supplies, according to Trading Economics.

Number of cases involving single parents has increased 67 times since start of full-scale

Men are increasingly seeking official recognition through the courts of their sole responsibility for raising a minor child. At least 1,255 such cases have been found in the court registry search engine since the start of the full-scale. In over three years, the number of such cases has increased 67 times. This year, courts have already considered 400 cases concerning the independent upbringing of a minor child by a father.

The number of court cases establishing the fact of single parenting and care for a minor child by a father has increased 67 times since the start of the full-scale war, according to the Babusya court registry search engine. Let’s compare: only six such cases were recorded from January to May 2022, but by the same period in 2025, their number had increased to 400.

In total, at least 1,255 court cases involving men who decided to officially establish the fact of independent upbringing of a minor child have been found in the court register since the start of the full-scale war.

The number of cases is growing every year. In 2022, there were only 37 such cases. Within a year, their number increased fivefold to 180. The number of appeals from men to the courts to be recognized as single parents reached 625 cases in 2024.

This year, courts in Ukraine have already considered at least 400 similar cases. This is 3.1 times more than in the same period in 2024.

It should be noted that the status of a father raising a child alone allows him to travel abroad, which is currently restricted for men between the ages of 18 and 60.

Asters partner Talina Kravtsova notes that over the past few years, there has been an increase in the number of requests for recognition of men as single fathers. This can be explained by mothers leaving the country, as well as the state of war and mobilization. At the same time, the term “single father” is not defined in legislation and is often equated in court practice with the status of “single mother.” Therefore, if we consider the characteristics of single mother status (which were defined back in 1992 by a resolution of the Plenum of the Supreme Court of Ukraine), a father is recognized as “single” if he:

1) is not married;

2) is raising and supporting a child on his own without the mother’s participation.

If the mother has died, is recognized as missing, or has refused to take the child from the maternity hospital, the father is obliged to take the child and acquires the status of a single father. If the mother is alive but does not participate in the child’s life, the status of a single father can also be acquired, although this will be more difficult.

“There is a myth that it is enough to obtain a court decision dissolving the marriage between the parents or determining the child’s place of residence with the father. In fact, this is not the case. In such situations, it is necessary to confirm/establish in court that the father is raising and supporting the child on his own. At the same time, the status of a “single parent” in Ukraine provides important social benefits and guarantees: additional paid leave, monthly state assistance, increased tax social benefits, deferral of mobilization, advantages in obtaining housing, places in kindergartens, etc.,” comments Talina Kravtsova.

The lawyer notes that due to attempts to abuse this mechanism to obtain deferrals, courts and other state bodies are more careful with such cases during martial law, which could potentially complicate access to the status for those who are actually entitled to it.

https://opendatabot.ua/analytics/solo-fathers

 

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US Department of Agriculture has improved its forecast for global wheat and corn production in 2025-2026

The US Department of Agriculture (USDA) has improved its forecast for global wheat and corn production in the 2025-2026 marketing year, with no change to its harvest forecast for Ukraine.

According to the forecast on the US agency’s website, the wheat harvest in Ukraine is estimated at 23 million tons, exports at 16.5 million tons, and ending stocks at 1.49 million tons. The corn harvest is expected to reach 30.5 million tons, with exports at 24 million tons and final stocks at 0.6 million tons.

At the same time, global wheat production in 2025/2026 MY will amount to 808.5 million tons (+0.07 million tons compared to last season), exports – 214.33 million tons (+1.34 million tons), and final stocks – 262.76 million tons (-2.97 million tons).

USDA analysts forecast global corn production in 2025/2026 MY at 1,265.98 million tons (+1 million tons compared to the previous season), global exports at 195.81 million tons (+0.01 million tons), and ending stocks at 275.24 million tons (-2.6 million tons).

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Ukrzaliznytsia will change grain transportation speeds for calculating car costs starting June 16

Ukrzaliznytsia plans to change average transportation speeds for grain cars starting June 16, according to Valery Tkachov, deputy director of the commercial department at Ukrzaliznytsia (UZ) Valery Tkachov during an online meeting with participants in the agricultural market.

He noted that for grain cars of the Center for Transport Logistics branch of JSC Ukrzaliznytsia on domestic and import transportation, the speed for car dispatch will be 111 km/day, for route trains — 258 km/day; for export transportation via land crossings — 144 km/day and 217 km/day, respectively; for export transportation to port stations — 189 km/day and 323 km/day, respectively.

Tkachov added that these transport speeds will be taken into account exclusively when calculating the cost of using Ukrzaliznytsia JSC wagons.

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Ilt’s net profit fell by 38% despite one-third increase in revenue

Ilt, the official dealer of Peugeot, Citroën, DS, and Jeep car brands, received UAH 23.7 million in net profit last year, which is 38.4% less than in 2023.

According to the company’s annual report published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income increased by 33.5% to UAH 915.5 million.

The company’s operating profit decreased by 5% to UAH 69.3 million, and gross profit by 9% to UAH 105.8 million.

As reported, in January-September last year, the company reduced its net profit by 28% compared to the same period in 2023, to UAH 25.163 million, although it increased its revenue by 52%, to UAH 714.5 million.

Thus, in the fourth quarter, the company incurred a loss of UAH 1.45 million against a net profit of UAH 3.68 million in October-December 2023, while net income decreased by 6.2% to UAH 200.5 million.

Ilt LLC began operations in Ukraine in 1992 as an official importer of Peugeot cars, and in June 2010 transferred its importer functions to Peugeot Citroën Ukraine LLC.

It is currently the official dealer in Ukraine for Stellantis car brands Peugeot, Citroën, DS, and Jeep, as well as a service dealer for Opel in Kyiv and the Kyiv region. It has two large car centers in Kyiv, Ilt on Pechersk and Ilt on Kharkivskyi, a service station, a logistics center, and spare parts warehouses.

The company provides operational leasing services for passenger and commercial vehicles, customer vehicle administration, sales of new and used cars, maintenance, and also leases office space in its own seven-story office center, Ilt Business Center.

As of the beginning of 2025, the portfolio consisted solely of operating lease agreements.

“The structure of the company’s main customers is characterized by a low level of diversification (one counterparty, Sandoz LLC, accounts for 40.2% of the total structure of the vehicle leasing fleet), which may increase the risks of dependence on the financial condition of a single counterparty,” the report says.

As reported, in 2023, Ilt LLC received UAH 38.53 million in net profit against a loss of almost UAH 34 million a year ago and doubled its net income to UAH 685.33 million.