Business news from Ukraine

Business news from Ukraine

Ukrainian forestry agencies have started selling Christmas trees for 210-250 hryvnia

The forestry agencies of the state-owned enterprise “Forests of Ukraine” have started selling Christmas trees, with about 10,000 trees already sold, according to the press service of the state-owned enterprise.

“Forests of Ukraine” noted that they plan to sell about 140,000 coniferous trees, which is the same amount that was sold last year. Forestry farms currently grow 7.8 million Christmas trees on 2,700 hectares of “Christmas tree” land. If necessary, harvesting can also be carried out during forest formation and restoration logging. In case of higher demand, the state-owned enterprise has promised to harvest additional quantities.

“Prices for New Year’s coniferous trees are affordable and have remained almost unchanged compared to last year – from 210 to 250 UAH. Spruce/fir trees cost between 240 and 280 hryvnia,“ according to ”Forests of Ukraine.“

In addition, some branches of the state-owned enterprise ”Forests of Ukraine” offer New Year’s trees in containers. Prices start at 500 hryvnia, depending on size.

Christmas trees sold by the State Enterprise “Forests of Ukraine” are required to be marked with barcode tags or self-adhesive labels, which confirm their legality and safety.

Christmas trees can be purchased directly from the State Enterprise “Forests of Ukraine” without any extra charges. Branches of the state enterprise traditionally organize retail sales at forestry trading platforms, fairs, and markets in populated areas.

Forum on security and investment in Ukraine is being held in Bucharest

On December 11–12, Bucharest will host the forum “Rebuilding Ukraine: Security, Opportunities, Investments,” organized by the Center for New Strategies under the patronage of the Romanian Ministry of Foreign Affairs and the Ukrainian Ministry of Foreign Affairs. This event, which is being held for the second time, brings together officials, representatives of international organizations, the private sector, international financial institutions, and experts from various fields, such as defense, finance and banking, energy, infrastructure, digitalization, cybersecurity, and agriculture. The conference will be attended by numerous representatives of Ukrainian regional authorities who are directly involved in the planning and implementation of recovery projects.

Participants will gain a deeper understanding of Romania’s role in the recovery process in Ukraine, especially in the southern regions of the country located near Romania, as well as in issues related to connectivity, energy, and cross-border cooperation projects that have a positive economic impact on communities in both Romania and Ukraine. Over the course of two days, the event will feature more than 30 panel discussions and parallel sessions with guests from Europe, North America, and Asia. The discussions will address key elements of Ukraine’s reconstruction: security and defense, infrastructure, communications, financing and investment, green transition, energy security, digitalization, human capital, agriculture, and cross-border cooperation.

The panel discussions will address important topics such as:

● Regional security architecture and possible diplomatic developments;

● Lessons learned from the war in Ukraine and how they can be applied by Ukraine’s allies;

● Cooperation for the development of projects in the defense industry;

● Connectivity projects between Romania, Ukraine, and the Republic of Moldova;

● Financial instruments, guarantees, investments, and the role of the private sector;

● The strategic role of the Danube in Ukraine’s reconstruction;

● Black Sea ports;

● Energy sustainability, rare minerals, and the future of the green transition;

● Cloud infrastructure, advanced digitalization, and cybersecurity;

● Reintegration of displaced persons, veterans, and community recovery;

● Ukraine’s integration into the EU and necessary reforms;

● The role of local communities and minorities in cross-border cooperation.

The conference provides a unique platform for establishing links between decision-makers and the business community, financial institutions, local authorities, and experts from various fields, facilitating the creation of concrete partnerships and sustainable solutions for Ukraine’s recovery. Simultaneous interpretation in Romanian, Ukrainian, and English will be provided during the conference, as well as online streaming.

Media partner of the forum: Interfax-Ukraine news agency

Event website: https://reconstruct-ukraine.ro/

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Ukraine explained to EU purpose of export duties on soybeans and temporary ban on timber exports

The tenth annual meeting of the Ukraine-EU Association Committee in Trade (ACTA) was held in Brussels, where issues related to Ukraine’s export duties on soybeans and rapeseed, as well as temporary restrictions on the export of unprocessed timber, were discussed, according to the Ministry of Economy, Environment, and Agriculture.

Ukraine informed its partners that a 10% export duty on soybeans and rapeseed was introduced in 2025 to support the development of agricultural processing within the country. At the same time, agricultural producers who export their own products are completely exempt from paying duties. Therefore, the mechanism introduced does not create additional financial costs for them.

“It is precisely through the proceeds from export duties on soybeans and rapeseed that the state will fill a special budget fund, from which programs to support agricultural producers are financed. First and foremost, these are programs for frontline territories, as well as grants for processing, greenhouses, orchards, compensation for agricultural equipment, insurance against military risks, and other key instruments. This allows us to maintain support for farmers even in wartime,” emphasized Deputy Minister of Economy, Environment, and Agriculture Taras Vysotsky.

The meeting participants also discussed decisions on regulating timber exports, including a temporary ban on the export of unprocessed timber (except pine) and the establishment of zero quotas until the end of 2025.

The Ukrainian side stressed that these measures are aimed at meeting the needs of defense and critical infrastructure, as well as reducing risks to the environment in wartime. At the same time, these measures prevent a shortage of raw materials on the domestic market.

It was separately noted that the Verkhovna Rada of Ukraine is considering draft laws on the formation of an updated timber market model, taking into account security challenges.

The Ukrainian side stressed the importance of continuing an open dialogue with the EU on all temporary measures that the state is applying during the period of martial law. At the same time, maintaining access for Ukrainian products to the European market remains one of the key factors for economic stability and support for national production.

The Ukraine-EU Association Committee in Trade Composition (ACTC) was established in accordance with Article 465 (4) of the Association Agreement between Ukraine and the EU to consider issues related to Section IV “Trade and Trade-Related Matters” of the Association Agreement. The CATS operates in accordance with the rules of procedure approved by Decision No. 1/2014 of the Association Council between Ukraine and the EU of 15 December 2014 “On the adoption of the rules of procedure of the Association Council, the Association Committee and its subcommittees”.

The Trade Committee meets annually and includes representatives from Ukraine and the European Commission.

As reported, a 10% export duty on soybeans and rapeseed for traders has been in effect in Ukraine since September 4, 2025. Agricultural producers who export their own products, or agricultural cooperatives that export the products of their members, are exempt from this duty, provided that the origin of the goods is documented. Until 2030, the duty will be reduced by 1% each year until it reaches 5%.

The Cabinet of Ministers has temporarily banned the export of unprocessed wood (except pine) until December 31, 2025, setting a zero quota for its export. This is done to provide the domestic market with raw materials, support Ukrainian woodworking enterprises, and stabilize the industry.

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Components of state budget expenditures in 2021-2024, UAH billion

Components of state budget expenditures in 2021-2024, UAH billion

Source: Open4Business.com.ua

Serbia’s economy grew by 2% in third quarter of 2025

Serbia’s real GDP in the third quarter of 2025 increased by 2% in annualized terms, the Statistical Office of the Republic of Serbia ( SERS) reported. According to seasonally cleansed data, GDP grew by 0.6% compared to the second quarter of this year.

The biggest increase in value added was recorded in industry and water supply sector – 2.9%, as well as in information and communication – 6%.

Decrease was noted in construction, where the output decreased by 11.7 %, and in agriculture, forestry and fishing – by 0.2 %.

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Cattle population in Ukraine has decreased by 10% over year, with 137,000 fewer cows

As of November 1, 2025, there were 2.2 million head of cattle in Ukraine’s private and industrial sectors, including 1.11 million cows, which is 3% and 1% less than in October of this year and 10% and 10% less than in the same period last year, according to the Association of Milk Producers (AMP), citing data from the State Statistics Committee.

The industry association specified that about 47% of animals are kept on industrial farms, and 53% on private farms.

According to the AMU, the industrial sector has 947,100 head of cattle, which is 2,000 head more (+0.2%) than on October 1, 2025. The number of cows is 384,100, an increase of 500 head (+0.1%) over the last month. Over the past year, the number of cattle on farms has increased by 28,600 (+3%), and the number of cows has increased by 8,800 (+2%).

At the same time, there are 1.74 million head of cattle in the private sector, which is 64 thousand head (-6%) less than on October 1, 2025. As of November 1, 2025, the number of cows in private households was 721,200, which is 17,000 (-2%) less than a month ago. Over the past year, the number of cattle in private households has decreased by 253,000 (-19%), and the number of cows has decreased by 137,000 (-16%).

AVM analyst Georgy Kukhaleishvili noted that the number of cows is declining mainly in the private sector. The decline in cattle numbers is a long-standing problem in Ukraine due to the lack of an effective state program to support dairy farming. The war has only exacerbated the situation.

The expert recalled that most farms in Ukraine were built in the 1970s and 1980s and no longer meet the requirements for keeping animals. The lack of premises suitable for keeping cows creates the conditions for a further reduction in livestock numbers. Many farmers are not investing in increasing their cow herds during the war and are experiencing a shortage of working capital. Farmers’ production costs are rising faster than the prices of finished products due to the increase in the cost of feed, the cost of electricity, the devaluation of the hryvnia, and the decline in the purchasing power of the population.

However, dairy farms in relatively safe regions of Ukraine are modernizing existing facilities and building new ones. They are also increasing their high-yielding cow herds. According to AVM estimates, as of November, at least 40 farms are modernizing and expanding their facilities.

However, in October, the growth rate of the cow herd in the industrial sector also slowed down, which may be related to the continuing “bearish trend” in the dairy market and the decline in prices for exchange-traded commodities and raw milk. Over the past month, the number of cows has not changed and has not grown on dairy farms in 14 regions, not only in the frontline regions, but also in relatively safe areas of central and western Ukraine, such as Ivano-Frankivsk, Chernivtsi, Zhytomyr, Cherkasy, and Kirovohrad regions, the AVM summarized.

 

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