Business news from Ukraine

Business news from Ukraine

Zaporizhstal increased rolled steel production by 14.5%

In January-October of this year, the Zaporizhstal Iron and Steel Works in Zaporizhia increased rolled steel production by 14.5% compared to the same period last year, to 2 million 291.8 thousand tons.

According to the plant’s press release, steel production for the period amounted to 2 million 660.6 thousand tons (in January-October 2024 – 2.418 million tons), and pig iron production amounted to 2 million 945.1 thousand tons (2.5622 million tons).

In October, Zaporizhstal produced 302,500 tons of pig iron, 275,400 tons of steel, and 204,900 tons of rolled products, while in the previous month it produced 303,400 tons of pig iron, 279,800 tons of steel, and 247,300 tons of rolled products.

As reported, in 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023, to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, and steel output by 17.2%, to 2 million 890.8 thousand tons, and pig iron by 14.2%, to 3 million 106.3 thousand tons.

In 2023, Zaporizhstal increased its rolled steel production by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.

Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.

Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

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Vucic and Zelensky discussed European integration and regional agenda

According to Serbian Economist, Ukrainian President Volodymyr Zelensky held a telephone conversation with Serbian President Aleksandar Vucic, during which the parties discussed European integration in detail and agreed to stay in touch. Zelensky reported on the conversation on his Telegram channel. The leaders also touched on coordination on regional security and the immediate international agenda.

We remind you that the day before, the European Commission published its annual reports on EU enlargement. The document on Serbia notes both the advanced elements of reforms and sensitive issues of foreign policy alignment with the EU. Vučić publicly reiterated his position that membership should be assessed on the basis of merit criteria rather than political alignment, against the backdrop of discussions on sanctions policy and dialogue on Kosovo.

At the same time, Kyiv is seeking to accelerate its own negotiation track with the EU. On the day the enlargement package was published, Zelensky called for the process to be brought to the opening of all clusters and for accession to be targeted by 2030, recognizing the need for further anti-corruption and institutional reforms.

In the context of the European Commission’s report, Belgrade is set to engage in dialogue with Brussels on aligning its foreign policy and economic agreements, while Kyiv is focusing on implementing recommendations for the next stage of negotiations. The positions of the leaders following the conversation indicate a willingness to maintain working contacts and exchange experiences in sectors related to the European agenda.

The previous confirmed call between Zelensky and Vučić took place on May 22, 2025.

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Ukrainian grain exports rose by 32% in October

Ukraine exported 3.2 million tons of grains and oilseeds in the first four months of the 2025-2026 marketing year (MY, July-June), according to the Ukrainian Grain Association on Facebook.

According to the infographic, exports were most active in August (3.3 million tons) and October (3.21 million tons). At the same time, exports in October exceeded September figures (2.4 million tons) by 32%.

Wheat sales peaked in August at 2.048 million tons, which is 36.5% more than in October (1.5 million tons). Barley exports were also most active in August (324,000 tons), which is 36.1% more than in September (238,000 tons) and 62% more than in October (200,000 tons).

Corn exports, on the other hand, picked up in October and reached 1.094 million tons, significantly more than the September figure of 61 thousand tons and the August figure of 230 thousand tons.
Foreign trade in soybeans also picked up in October – 230 thousand tons, compared to 78 thousand tons in September and 208 thousand tons in August this year.

Rapeseed exports were most active in August – 519 thousand tons, while in September and October, 220 thousand tons and 177 thousand tons were delivered to foreign markets, respectively.

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Ukraine participates in work of Mediterranean Fisheries Commission for first time

Ukraine is participating for the first time in the 48th session of the General Fisheries Commission for the Mediterranean (GFCM) in Malaga on November 3-9, 2025, as a full member. The updated list on the FAO website states that Ukraine became a contracting party on September 11, 2025.

The Commission consists of 24 contracting parties: Albania, Algeria, Bulgaria, Croatia, Cyprus, Egypt, the European Union, France, Greece, Israel, Italy, Lebanon, Libya, Malta, Monaco, Montenegro, Morocco, Romania, Slovenia, Spain, Syria, Tunisia, Turkey, and Ukraine. Five cooperating non-contracting parties are also involved in the work: Bosnia and Herzegovina, Georgia, Jordan, Moldova, and Saudi Arabia.

The official program of the session will take place from November 3 to 9, 2025. The decisions will be published by the FAO after the session closes. FAOHome

 

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Sanofi has reduced its supply of flu vaccines to Ukraine by 2.5 times this year, resulting in vaccine shortage

The pharmaceutical company Sanofi has reduced its supply of flu vaccines to Ukraine during the current epidemic season, delivering 100,000 doses with no additional deliveries planned.

According to information provided to Interfax-Ukraine by the pharmaceutical company, it supplied 250,000 doses to Ukraine during the previous epidemic season.

“The reduction in deliveries of Sanofi influenza vaccines this season is due to temporary difficulties in production processes, including the company’s global transition to the production of trivalent vaccines in accordance with updated WHO recommendations. The adaptation of technological and logistical processes is currently underway, which has temporarily affected the volume of vaccine supplies to countries in the northern hemisphere, including Ukraine. No additional vaccine supplies are expected this year,” the company said.

In addition, the company reported that Sanofi’s quadrivalent influenza vaccine, which was imported in the amount of 100,000 doses, remains the only vaccine registered by the Ministry of Health in Ukraine for the 2025/2026 epidemic season.

Currently, the media and social networks are reporting a significant shortage of flu vaccines during the current epidemic season. Private clinics are reporting that it is impossible to purchase the vaccine.

The Interfax-Ukraine agency is awaiting comments on the vaccine situation during the current epidemic season from the Ministry of Health, the State Emergency Service, and the State Service of Ukraine on Medicines and Drugs Control.

As reported, as of the end of September 2025, the State Medical Service announced that the first 76,000 doses of the Korean vaccine GC FLU, manufactured by GC BioPharma Corp. and imported by Biolabs LLC, had passed quality control. The quality control procedure was also passed by 100,000 doses of the French vaccine VAXIGRIP TETRA, manufactured by Sanofi Pasteur and imported by Sanofi-Aventis Ukraine LLC. In early October, Biolabs LLC planned to import another 54,000 doses of the GC Flu vaccine manufactured by GC Biopharma Corp.

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Leadership lessons from Usyk at KIEF: business about “long game” and discipline

Following the Kyiv International Economic Forum, entrepreneur Vasyl Khmelnytsky published a column with conclusions from a public conversation with undisputed world boxing champion Oleksandr Usyk. The key idea is that lasting victories are built on the “long game,” through discipline, consistency, and teamwork, rather than quick decisions.

According to the author, business and sports share the same principles: daily routine work, discipline, the ability to learn from mistakes, and reliance on the team. Usyk, using his own regime as an example, emphasizes that it is not motivation that matters, but habit and responsibility to the team. The column notes that long-term sustainability is created by investing in processes and people, and mistakes are seen as data for improvement.

The context of the forum is a focus on people and economic recovery. A charity auction was held during the meeting: gloves autographed by Usyk were sold for UAH 1,100,000, and the proceeds from the sale were donated to the Soborna Ukraine Foundation to support the children of fallen defenders.

“We are in it for the long haul. A champion is not afraid to lose — he learns. A strong leader surrounds himself with strong people and delegates,” Vasyl Khmelnytsky highlighted from the conversation at KIEF.

What does all this mean for business?

1) Strategy: prioritize long-term goals and sustainability over “quick wins.”

2) Operations: focus on establishing routines and process metrics rather than one-off spikes.

3) Team: build trust and fair rules, strengthen the role of department leaders.

4) risk management: formalize error analysis and a plan for corrections after each “round.”

Vasyl Khmelnytsky is a Ukrainian entrepreneur and investor, founder of UFuture. He initiates and supports educational and entrepreneurial projects, including schools and acceleration programs. A regular participant in KIEF, he writes columns on entrepreneurship, team development, and business.

Oleksandr Usyk is a Ukrainian professional boxer and undisputed world heavyweight champion. He is known for his discipline, team approach, and systematic training. He participates in charitable and public initiatives and supports projects to help children and veterans.

Source: https://interfax.com.ua/news/blog/1118228.html

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