According to Serbian Economist, Russian oil and gas company Lukoil has announced that it has reached an agreement with Gunvor Group to sell all of its foreign assets, including its Serbian subsidiary Lukoil International GmbH (Austria) and its shares in Serbia.
Lukoil’s official statement indicates that Gunvor’s offer has been accepted and that the company undertakes not to negotiate with other potential buyers. The completion of the deal depends on obtaining permission from the US Office of Foreign Assets Control (OFAC) due to the sanctions imposed on Lukoil.
The sale is related to “restrictive measures” imposed by certain countries on Lukoil and its foreign subsidiaries. The deal involves the transfer of networks, assets, and business to the Serbian company Lukoil Serbia.
According to the company’s official data, at the end of 2025, there were 112 Lukoil Serbia gas stations operating in Serbia. Lukoil was second in terms of the number of stations on the Serbian market.
The Serbian retail fuel market is estimated at approximately €3.5 billion in revenue for 2024.
Gunvor Group Ltd is an international energy trader registered in Cyprus with its headquarters in Geneva. In 2024, the company’s revenue amounted to approximately $136 billion. Gunvor specializes in trading crude oil, petroleum products, and LNG, and also has assets in infrastructure (terminals, storage facilities) around the world.
Law enforcement officials have notified a Kyiv resident of their suspicion that he built premises in the coastal zone of Lake Telbin without permits and leased them as a clinic, according to the Kyiv City Prosecutor’s Office.
“Under the procedural guidance of the Podil District Prosecutor’s Office of Kyiv, a resident of the capital has been notified of suspicion of unauthorized construction on an illegally occupied land plot,” the capital’s prosecutor’s office said in a statement on its Telegram channel on Wednesday.
It was established that a 63-year-old Kyiv resident, the director of a limited liability company, built a non-residential building attached to an existing building on a plot of land near Lake Telbin without any permits.
“He then leased the building to a private medical facility,” the prosecutor’s office said.
“The plot of land where the building was erected without permits is part of the coastal protection zone, where any construction is prohibited,” the statement said.
Source: https://interfax.com.ua/news/general/1116427.html?utm_source=telegram
Unemployment in Germany remained at the previous month’s level of 6.3% in October, according to the Federal Employment Agency. The figure has remained unchanged since March 2025 and is the highest since September 2020.
The number of unemployed in Germany fell by 1,000 compared to the previous month and amounted to 2.97 million people. Analysts had predicted an average increase of 8,000 in the number of unemployed and unemployment remaining at the previous level, according to Trading Economics.
Source: http://relocation.com.ua/almost-3-million-registered-in-germany/
Rapeseed exports from Ukraine in October will not exceed 135-140 thousand tons, compared to 535 thousand tons last year (-73.8%). As of October 28, 125 thousand tons have already been exported, according to the analytical cooperative “Pusk,” created within the framework of the All-Ukrainian Agrarian Council (VAR).
“Exports are moving very slowly—everything is hampered by duties. It is they that have effectively stopped the normal work of exporters,” analysts noted.
At the same time, they noted that domestic processing volumes are growing.
“In September, we processed more than 100,000 tons of rapeseed, and in October, the figure will be no less. Against the backdrop of problems with sunflower, rapeseed is currently supporting the sector. Rapeseed prices in ports are quoted in the range of EUR 540-545/ton. At the same time, processors offer from UAH 25,000/ton and above,” analysts noted.
The European market is showing positive price dynamics.
“Over the past week, rapeseed exchange quotations have risen by EUR 10. January-February is traditionally expected to be the period of highest prices for this oilseed crop,” added Pusk.
The average monthly salary of full-time employees in September 2025 increased by 2.7% compared to August 2025 and amounted to UAH 26,623, according to the State Statistics Service (SSS).
According to the statistics agency, in September 2025, the average monthly salary in education increased by 17.1% to UAH 16,901, in transport, postal, and courier services – by 6.7% to UAH 27,793, in construction – by 6.3%, to UAH 24,456, in the arts, sports, and entertainment sector – by 4.4%, to UAH 19,319, in professional, scientific, and technical activities – by 3.7%, to UAH 35,166, in industry – by 3.5%, to UAH 29,954, in water transport enterprises – by 2.9%, to UAH 25,601, in agriculture – by 2.4%, to UAH 25,727, in other services – by 2%, to UAH 29,577, and in administrative services – also by 2%, to UAH 20,490, in wholesale and retail trade – by 0.4%, to UAH 31,266.
At the same time, there was a decrease in salaries in public administration and defense by 6.4%, to UAH 32,871, in financial and insurance activities – by 3%, to UAH 50,706, in healthcare – by 1.6%, to UAH 18,373, in information and telecommunications by 1.4% to UAH 64,330, in air transport enterprises by 1% to UAH 57,028, in temporary accommodation and catering by 1% to UAH 18,807, and in real estate operations by 0.2% to UAH 23,011.
According to the statistical agency, total wage arrears in September 2025 increased by 4.9% compared to the previous month and amounted to UAH 3.691 billion as of October 1, 2025.
The data does not include territories temporarily occupied by the Russian Federation and parts of territories where hostilities are (were) ongoing.
Elvorti (Kropyvnytskyi), a manufacturer of sowing and soil cultivation equipment, earned nearly UAH 1.5 million in net profit in July-September 2025, compared to a loss of nearly UAH 6.4 million in the same period of 2024.
This result is based on the company’s interim financial report for nine months, published on Wednesday, according to which it increased its loss by 27.8% compared to January-September 2024, to UAH 15.9 million.
Earlier it was reported that in the first half of this year, the loss amounted to UAH 17.5 million (almost three times more than in the same period last year).
According to the report, Elvorti increased its net income by 18.5% in January-September, to UAH 502.8 million.
As reported, in January-June 2025, the company’s net income increased by 27.8% compared to the same period in 2024, to UAH 339 million. Thus, in the third quarter of this year, it increased by 3% to UAH 163.7 million.
According to the report, in the third quarter, the company exported products worth UAH 52.4 million, which accounted for 32% of sales for this period (in the second quarter – UAH 25.1 million). The main export markets are Kazakhstan, Moldova, Bulgaria, Latvia, and Romania.
In July-September, in particular, 115 seeders worth UAH 61.8 million, one cultivator worth UAH 616,000, 91 harrows worth UAH 30.4 million, four sprayers worth UAH 3.5 million, and two construction and road machines worth UAH 5.3 million were manufactured.
The average selling prices of seed drills were UAH 618,200, cultivators – UAH 326,600, harrows – UAH 357,600, and sprayers – UAH 1 million.
The company notes that Elvorti’s range of equipment is in seasonal demand, particularly seed drills and sprayers.
The main buyers of the equipment were, in particular, the Ukrainian companies “Tekhnotorg Don,” “Agro-Resource,” and “Agroprommontazh,” as well as Agropiese TGR Grup (Moldova) and Optikom OOD (Bulgaria).
Elvorti JSC, part of businessman Pavel Shtutman’s Elvorti Group, specializes in the production of sowing and soil cultivation equipment: seeders for sowing grain and row crops, cultivators for continuous and inter-row soil cultivation, and disc harrows for resource-saving soil cultivation.
Last year, the company reduced its losses by more than three times compared to 2023, to UAH 27.6 million, while its net income grew by 16.3% to UAH 570.5 million. This year, it plans to increase its revenue to UAH 712 million and break even.
As of September 30, 2025, the company employed 373 people.
