According to Serbian Economist, Michal Strnad’s Czech defense and industrial holding company Czechoslovak Group (CSG) has acquired a controlling stake in Belgrade-based Mechatronics Unmanned Systems & Technology Solutions (MUST Solutions), which manufactures power plants and components for drones.
According to sources, the purchase was made through a new subsidiary, AviaNera Technologies: CSG acquired 51% of the shares from the company’s founder, Vladimir Yazarevic; the amount is undisclosed. MUST specializes in the development and production of compact turbojet and other propulsion solutions for UAS (propulsion systems), which expands CSG’s portfolio in the unmanned systems segment.
CSG notes that the asset will deepen the holding’s expertise in high-tech UAV subsystems and integrate the Serbian development base into the European supply chain.
CSG is one of the largest private defense and industrial holdings in Central Europe (Tatra Trucks, Fiocchi Munizioni, etc.), actively expanding through M&A; its owner is Michal Strnad, who was named the richest Czech in 2025 by a number of ratings. According to Forbes/Bloomberg, the growth took place against the backdrop of increased demand for weapons and ammunition; the group is expanding its presence in Europe and the US.
MUST Solutions (Belgrade) is an engineering company specializing in power plants and components for UAVs; after the deal, control (51%) passed to CSG (through AviaNera), while founder Vladimir Yazarevich retained his stake. The company is known for developing small jet and other engines for UAS.
Source: https://t.me/relocationrs/1749
At a meeting to be held from November 27 to December 4, shareholders of IC “VUSO” (Kyiv) plan to decide on the allocation of UAH 20.013 million of confirmed undistributed profit for 2024 to dividend payments.
As reported by the company in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), the remaining profit for 2024 in the amount of UAH 98.811 million is planned to be left undistributed.
The company also reports that the net confirmed undistributed profit for 2024 amounts to UAH 118.824 million.
The agenda of the meeting states that dividends will be paid at a rate of UAH 0.73 per share. Dividends will be paid in full directly to shareholders in accordance with the procedure established by law within six months from the date of the relevant decision by the general meeting of shareholders.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the Ukrainian Financial Services Association, a participant in the Agreement on Direct Settlement of Claims, and a member of the Nuclear Insurance Pool.
In 2024, the company collected UAH 3.462 billion in gross premiums, which is 29.3% more than in 2023, the company’s net premiums increased by 25.55% to UAH 3.105 billion, and net earned premiums increased by 15.83% to UAH 2.737 billion.
In 2024, VUSO Insurance Company paid out UAH 1.414 billion to its clients, which is 45.40% higher than the amount of insurance payments and reimbursements in 2023. Thus, the payout ratio increased by 4.52 percentage points (pp) to 40.85%.
As of January 1, 2025, the insurer’s assets increased by 25.76% to UAH 1.917 billion, equity capital by 22.45% to UAH 755.839 million, liabilities increased by 28.01% to UAH 1.161 billion, cash and cash equivalents increased by 36.09% to UAH 758.730 million.
The volume of passenger car imports to Ukraine, including cargo-passenger vans and racing cars (UKT ZED code 8703), in January-October 2025 amounted to almost $4.82 billion, which is 32.6% more than in the same period of 2024 ($3.63 billion) and 10% more than in the whole of 2024.
According to statistics released by the State Customs Service of Ukraine, the growth rate of passenger car imports has thus accelerated, reaching 27.4% in the first nine months of the year compared to the same period in 2024.
In October this year, passenger cars worth $647.8 million were imported into Ukraine, which is 81% more than in October last year.
The top three suppliers of cars to Ukraine in January-October this year were Germany, the US, and China, while last year they were the US, Germany, and Japan. In particular, car deliveries from Germany increased by 52% to $841.3 million, and their share in the structure of car imports was 17.45% compared to 15.23% a year earlier.
Cars worth $839.7 million (25.4% more) were imported from the US to Ukraine, and $663 million (13.8% of passenger car imports) from China. Last year, imports from Japan, which was among the top three leaders, amounted to almost $430 million (11.8%).
Imports of passenger cars from other countries during the period amounted to $2.476 billion, compared to $1.981 billion in January-October 2024.
At the same time, in the first 10 months of this year, Ukraine exported only $7.17 million worth of such vehicles, in particular to the UAE, Canada, and the US, while a year ago, during the same period, the country supplied $9.33 million worth of such vehicles to foreign markets, mainly to Canada, Germany, and the US.
According to the State Customs Service, in the overall structure of imports of goods to Ukraine in January-October 2025, the share of passenger cars was 7.1% (6.3% last year), and in the structure of exports – 0.02% (0.03%).
As reported, in 2024, passenger cars worth $4.385 billion were imported into Ukraine, which is 8% more than a year earlier, and $10.1 million worth were exported (2.7 times less).
In January-October 2025, Ukraine increased imports of aluminum and aluminum products by 14.8% to $432.08 million, while exports grew by 21.4% to $128.14 million.
In October, aluminum imports amounted to $42.85 million, and exports amounted to $15.71 million.
For comparison, in 2024, aluminum imports increased by 21.7% to $446 million, and in 2023, by 7.7% to $366 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, malleability, corrosion resistance, high thermal conductivity, and the non-toxicity of its compounds.
In particular, these properties have made aluminum extremely popular in the production of kitchenware, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently, it has been replaced by composite materials, primarily carbon fiber). After construction and packaging production—aluminum cans and foil—the largest consumer of metal is the energy industry.
The Cabinet of Ministers of Ukraine has included the Korosten-Podilsky project, with a total area of 78.0236 hectares in the city of Korosten, in the Register of Industrial Parks. The project was initiated by the city council, according to the Ministry of Economy. According to the concept, the park will house woodworking, textile, metal products, and machine-building enterprises, as well as other non-metallic mineral products, machinery and equipment, concrete products, bricks, construction mixtures, and the development of activities in the field of information and electronic communications.
The creation of the park is expected to provide 2,300–4,000 new jobs in the manufacturing industry. To attract investment, the Korosten City Council adopted a Comprehensive Community Economic Development Program for 2025–2027. The program provides for the promotion of the functioning and development of industrial parks in the amount of UAH 150 million and the development of design and estimate documentation for the park’s engineering and transport infrastructure in the amount of UAH 2.5 million.
The term for the creation of the park is 30 years. The decision was adopted on the evening of November 13. Taking this decision into account, there are 109 industrial parks in the Register.
CABINET OF MINISTERS, INDUSTRIAL PARK, Korosten-Podilskyi, REGISTER
The Cabinet of Ministers of Ukraine has included the 21.61-hectare NEXUS Odessa project in the Nerubayskaya territorial community of the Odessa region in the Register of Industrial Parks, according to the Ministry of Economy. The initiators of the project are Ecosstandard Service LLC, owned by businessman Lev Partskhaladze and Georgiy Tsagareishvili.
The park will focus on the production of food and beverages, machinery and equipment, metal structures and products for construction, building materials, and projects in the field of alternative energy. It is planned to create about 1,000 jobs.
The project involves attracting more than UAH 747.7 million from various sources: own investments, funds from the management company, state incentives, private financing, and contributions from future participants. The initiator has allocated about UAH 60 million of its own funds for the initial stage in 2025–2028.
Ekostandart Service LLC was registered in December 2014 with a statutory capital of UAH 12.66 million. Its main activities are the collection, processing, disposal, and recovery of safe waste. The ultimate beneficiaries are Lev Partskhaladze and Georgiy Tsagareishvili.
The term of the park’s creation is 30 years. The decision was made on November 13. Taking into account new projects, there are 109 objects in the Register of Industrial Parks.
