Business news from Ukraine

Business news from Ukraine

Exports of Ukrainian eggs doubled to 496 mln units

Exports of Ukrainian chicken eggs in January-March 2025 amounted to 496 million units, which is twice as much as in the same period last year, the Union of Poultry Breeders of Ukraine (UBU) reported.

“The doubling of exports in the first three months of the year, compared to January-March 2024, did not negatively affect the supply of eggs on the domestic market. Traditionally, on the eve of Easter, the demand for eggs increases, but this year, as in the past, no shortage of products is expected and consumers will be able to count on affordable price offers in sufficient quantities during the Easter holidays,” the association noted.

The industry association emphasized that in 2025 there were significant changes in the geography of exports. The share of EU countries increased to 72%, but this growth is only 3% compared to the same period in 2024.

Deliveries to African countries increased, where the global environment offered quite favorable conditions for trade. The share of the African continent increased to 8%, while last year it was 5%, and in 2023, no eggs were exported at all during this period.

In 2025, Ukraine began supplying eggs to the UK, with a share of 7%. On the other hand, Singapore’s share in the regional export structure decreased from 15% in 2023 to 4% in 2025.

Deliveries to Israel are stable, although the share has decreased to 9%, but the physical volume of exports has not changed compared to January-March 2024.

Exports to the Middle East are almost non-existent due to logistical issues and high competition in the region from other exporting countries.

“The European market will continue to be a priority for exports due to convenient logistics and high demand for Ukrainian products. Until recently, only 4 companies had the right to export to the EU, and today there are already 15. In the future, Ukrainian exporters will maintain strong positions in the EU markets, offering safe and high-quality products,” the Union of Poultry Breeders of Ukraine summarized.

As reported earlier, the Antimonopoly Committee of Ukraine (AMCU) has issued binding recommendations to the ten largest producers and sellers of chicken eggs to prevent violations of the legislation on protection of economic competition.

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Ukraine reduced exports of iron ore by 5.7% in real terms

In January-March this year, Ukrainian mining companies reduced exports of iron ore by 5.7% in physical terms compared to the same period last year, to 8 million 492.479 thousand tons.

According to the statistics released by the State Customs Service on Tuesday, foreign exchange earnings from iron ore exports decreased by 20.3% to $687.788 million during this period.

Exports of iron ore were carried out mainly to China (46.46% of supplies in monetary terms), Poland (16.05%) and Slovakia (16.14%).

In January-March 2025, Ukraine imported iron ore worth $24 thousand in the amount of 43 tons from Norway (54.17%) and Italy (45.83%), while in the same period last year it imported 245 tons worth $67 thousand.

As reported, in 2024, Ukraine increased its exports of iron ore by 89.8% compared to 2023 – up to 33 million 699.722 thousand tons, while foreign exchange earnings increased by 58.7% to UAH 2 billion 803.223 million.

In 2024, Ukraine imported iron ore for $414 thousand in a total volume of 2,042 thousand tons, while in 2023, 250 tons of this raw material were imported for $135 thousand.

In 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). In 2023, Ukraine imported iron ore worth $135 thousand in a total volume of 250 tons.

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Exports of ferrous metals from Ukraine decreased by 3.2%

In January-March of this year, Ukraine’s steelmaking companies reduced their revenues from ferrous metal exports by 3.2% year-on-year to $728.686 million.

According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 7.32% of total export revenues during this period, compared to 7.48% in January-March 2024.

In March, export revenues amounted to $309.487 million, while in the previous month they amounted to $200.430 million.

At the same time, Ukraine increased imports of similar products by 12.7% to $363.674 million in January-March 2025. In March, products worth $135.509 million were imported.

In addition, in January-March 2025, Ukraine increased exports of metal products by 3.5% to $238.045 million. In March, they were exported for $93.423 million.

Imports of metal products decreased by 3.3% to $225.655 million over the same period. In March, these products were imported for $87.574 million.

As reported earlier, in 2024, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 16.9% year-on-year to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% last year to $1 billion 478.814 million.

In 2023, Ukraine reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods during this period, while in 2022 the share was 10.3%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.

In addition, in 2023, Ukraine decreased exports of metal products by 16.6% year-on-year to $877.92 million, while imports of metal products increased by 40.3% to $902.57 million.

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Alexander Sosis became owner of 99.999% of ASKA-Life shares

Oleksandr Sosis owns 99.9999% of the shares of PJSC Ukrainian Joint-Stock Insurance Company ASKA-Life (Kyiv), according to the insurer’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC). As reported, according to the NSSMC, as of the end of 2024, 55.6667% of the company was owned by SCM Finance Limited, 44.3333% – by Alexander Sosis. At the same time, Sosis is the main shareholder of Alliance Bank (Kyiv) with a stake of 89.289%.

In October 2024, the Antimonopoly Committee of Ukraine (AMCU) granted him permission to acquire control over ASKA-Life.

On April 3, 2025, Anna Dugadko, a member of the Supervisory Board of ASKA-Life as a representative of SCM Finance Limited, was removed from the company’s Supervisory Board after the alienation of the beneficiary’s shares.

ASKA-Life Insurance Company was registered in 2003 and specializes in life insurance.

According to the NBU, in 2024, ASKA Life collected UAH 136.2 million in insurance premiums and made insurance payments of UAH 7.915 million. Its eligible assets amounted to UAH 215 million, and technical reserves amounted to UAH 121.145 million.

The authorized capital is UAH 49.625 million.

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Vitagro expands elevator in Izyaslav district to 66 thousand tons

Vitagro Group is completing the construction of two new silos with a capacity of 11 thousand tons of simultaneous storage at its elevator in Izyaslav district, Khmelnytsky region, and is preparing a 15 thousand ton storage area in grain bins, the company’s press service reports.

According to the report, the total capacity of the elevator will increase to 66 thousand tons of simultaneous storage. The work is scheduled to be completed in early summer 2025 to store the new winter crop.

“We started working on the project in the fall of 2024. At the same time, we contracted equipment and planned the construction schedule. In total, approximately UAH 153 million will be spent on the first stage of the project. As part of the capacity increase, we will not only increase the storage volume but also add another working tower, which will allow us to accept two different crops at the same time and load grain in parallel on rail and road transport. At the same time, the shipment speed will increase from 1400 tons per day to 2300 tons per day,” explained Alexander Kulygin, Director of Grain Storage at Vitagro Group.

Vitagro reminded that it started developing the elevator business in 2017 with the construction of an elevator in Zakupne village, Kamianets-Podilskyi district, Khmelnytskyi region. The group now owns five elevators in Khmelnytsky and Rivne regions with a total capacity of 385 tons of simultaneous storage. The largest of them is in Zakupne. Its current capacity is 106 thousand tons.

Vitagro Group is one of the largest industrial groups in Ukraine with assets in the agricultural, energy, processing, construction and chemical industries. It was founded and has been operating since 1998. It owns enterprises in Khmelnytsky, Rivne, Volyn, Ivano-Frankivsk and Kyiv regions. The company cultivates about 90 thousand hectares of land and is engaged in livestock farming, horticulture, renewable energy, fertilizer and feed production, construction and building materials production. During the full-scale invasion, the group built and launched 5 processing plants. Vitagro is headquartered in Khmelnytsky.

According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the Vitagro investment company is MP Serhiy Labaziuk (For the Future parliamentary faction).

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“Galka” will pay UAH 4.5 mln in dividends despite decline in profits

In 2024, coffee producer Galka PrJSC (Lviv) reduced its profit by 7.5% to UAH 2.7 million compared to 2023.

According to the decision of the shareholders’ meeting published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), it was decided to pay dividends in the amount of UAH 4,497,204, which is UAH 12.85 per ordinary registered share.

The Management Board was obliged to compile a list of persons entitled to receive dividends by April 23, 2025, and to pay dividends directly to shareholders within six months from the date of the general meeting’s decision to pay dividends by transferring them to shareholders’ bank accounts or, at their request, at the company’s cash desk.

“Pay the entire amount of dividends in full. To notify the persons entitled to receive dividends of the date, amount, procedure and term of their payment by posting a relevant notice on the company’s website,” the minutes of the general meeting read.

According to the Opendatabot service, in 2024, Galka slightly increased its revenue to UAH 5.274 million, which actually corresponds to the pre-war level of UAH 5.29 million in 2021. Debt obligations increased by 20.2% to UAH 504.2 thousand, while assets decreased by 6.6% to UAH 24.11 million.

Galka PrJSC was established in 1994 on the basis of a Lviv coffee factory that started its operations in 1932 as the Lviv Cooperative Factory of Coffee Additives “Suspilny Promyshl”. Since its inception, the company has specialized in the production of chicory and malt coffee “Luna”, as well as Prajin coffee substitutes. In 1971, the company installed Niro Atomizer equipment for the production of instant coffee, which Lviv Coffee Factory began exporting. The capacity of the Ukrainian-English manufacturer Galka is currently 120 thousand packs of coffee per day.

The major shareholders are Yaroslav Volynets (8.9%) and Lydia and Andriy Volynets (6.9% each), Natalia, Olga and Yuriy Dubovy (7.7% each), Roman and Volodymyr Pasternak (7.1% and 7.6%), Iryna Popovych (7.1%), and Galka Holding LLC (19.39%).

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