Business news from Ukraine

Business news from Ukraine

South Ukrainian City Council supported construction of complex for manufacture of fuel assemblies

The Yuzhnoukrainsk City Council unanimously supported the project of the National Nuclear Energy Generating Company Energoatom to build a technological complex for the manufacture of fuel assemblies, the company said, citing the decision.

The new production facility will be located in the Yuzhnoukrainsk community. According to Energoatom, the project is of strategic importance for Ukraine’s energy security and provides for:
strengthening the country’s energy independence;
reducing dependence on nuclear fuel imports;
stimulating economic development in the region and creating new jobs.
The company emphasized that the implementation of production will ensure the domestic manufacture of nuclear fuel components for Ukrainian reactors and will become part of the country’s long-term nuclear energy development strategy.
The launch of the complex is also expected to contribute to the development of Yuzhnoukrainsk’s infrastructure and increase the region’s investment attractiveness.
In July 2025, Energoatom and the American company Westinghouse signed a memorandum on the transfer of nuclear fuel production technology to Ukraine. The cost of the first stage of cooperation was estimated at approximately $20 million.
Energoatom is Ukraine’s largest power generation company, providing more than 55% of the country’s electricity production. The company has four operating nuclear power plants (Zaporizhzhia, South Ukraine, Rivne, and Khmelnytskyi).

 

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Hotel project market in Ukraine is awaiting “second wave of boom,” according to expert

If most hotel projects in Ukraine are completed in 2025–2026 and demonstrate financial stability, the market will see a “second wave of boom,” according to Apartel Resorts partner Yevgeny Kudryavchenko in an interview with Interfax-Ukraine.
“We saw the first boom in 2021-2022, but the war interrupted these processes. Now there is cautious growth, and if the facilities prove their effectiveness, there will be a new surge of interest and significantly more foreign investors,” he said.
Kudryavchenko emphasized that apart-hotels could become an important part of the infrastructure for future tourism and business travel in Ukraine.
Apartel resorts is a development company specializing in apart-hotel and hotel real estate projects in Ukraine.

 

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Landmark week for crypto market – Fixygen review

Last week brought several landmark events to the crypto industry, reflecting both the growth of the sector and the tightening of regulation.

China

  • The PRC Banking Regulatory Commission has unofficially instructed brokers in Hong Kong to suspend business in the field of RWA (tokenized real assets).
  • The decision was explained by the need to control risks and verify the real business basis of projects.
  • Contrast: mainland China maintains a strict ban on cryptocurrency trading, while Hong Kong, on the contrary, positions itself as a hub for digital assets.

South Korea

  • Between January and August, 36,684 suspicious crypto transactions were recorded — more than in 2023-2024 combined.
  • 90% of violations are related to “hwangchigi” schemes (illegal currency transfers through offshore accounts).
  • Since 2021, prosecutors have been handed cases involving crypto crimes worth $7.1 billion.

UAE

  • The Ministry of Finance has signed the multilateral CARF (Crypto-Asset Reporting Framework) agreement on the automatic exchange of tax information.
  • The implementation of the regulation is planned for 2027, with the first data exchanges in 2028.
  • Public consultations involving exchanges, custodians, and wallet providers have already been launched.

Stablecoins

  • Companies in the sector have attracted $621.8 million in investments since the beginning of the year (7 times more than in the whole of 2024).
  • The record round was $300 million from Hong Kong’s OSL Group.
  • The capitalization of stablecoins has reached $297 billion, with a forecast of $1 trillion by 2028.
  • Market leaders Circle and Tether are facing competition: JPMorgan, Stripe, Bank of America, and Citigroup are preparing their own stablecoins.

Ukraine

  • The NBU accused the fintech service Trustee Plus of providing payment services without a license.
  • The company considers the claims to be partially unfounded, but the regulator requires restrictions on P2P transfers and settlements in euros.
  • Experts call the situation a “dangerous precedent” for the market, which already lacks a specific law on virtual assets.

The week was a landmark one for the crypto market: investments in stablecoins and new products from Wall Street strengthened institutional confidence, while regulatory initiatives in China, Korea, and Ukraine serve as a reminder of the high risks involved. In the coming months, the market will see a clash between two trends: large-scale institutional growth and increased government control.

Source: https://www.fixygen.ua/news/20250927/znakovaya-nedelya-dlya-kriptorynka-obzor-fixygen.html

Nibulon transported over 40,000 tons of grain from its partners to company’s elevators and ports

The logistics department of one of Ukraine’s largest grain market operators, Nibulon LLC, has transported over 40,000 tons of grain from its partners to the company’s elevators and ports since the beginning of the 2025-2026 marketing year (July-June), the grain trader’s press service reported on Facebook.

According to the report, about 100 of the company’s vehicles are currently working on harvesting its own products in various regions.

“33 trucks from the Nibulon fleet are fulfilling external orders, helping agricultural producers deliver their harvested crops on time,” the report said.

The agricultural holding noted that the company offers a full range of services for farmers: harvesting, transportation, storage, and further sale of products.

The “Transportation” service can be ordered via the NIBULON APP mobile application, where you can select a route, track your cargo in real time, and manage logistics from your phone. Grain is transported from the field to the Nibulon elevator, from the field to the port, and from the field to the warehouse.

The main advantages of the agricultural holding are an individual tariff depending on the distance (t/km); modern, economical equipment = lower cost; online cargo tracking; a chatbot for registering vehicles and unloading without queues.

NIBULON LLC was established in 1991. Before the Russian military invasion, the grain trader had 27 transshipment terminals and complexes for receiving agricultural crops, a capacity for one-time storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugboats), and also owned the Mykolaiv Shipyard.

Before the war, Nibulon cultivated 82,000 hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries around the world. In 2021, the grain trader exported a record 5.64 million tons of agricultural products and supplied record volumes to foreign markets in August (0.7 million tons), in the fourth quarter (1.88 million tons), and in the second half of the year (3.71 million tons).

The grain trader is currently operating at 32% of its capacity, has created a special unit for demining agricultural land, and has been forced to move its central office from Mykolaiv to Kyiv.

 

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ECA supported UAH 282.7 mln in exports in August

The Export Credit Agency (ECA) supported UAH 282.7 million in exports in August 2025, according to the ECA website.

Among banks, the agency’s largest partners during this period were Kreditvest Bank, which provided support for exports worth UAH 156.6 million by lending UAH 102.2 million to businesses, Oschadbank, which provided UAH 59.2 million, and Ukrgasbank, which issued UAH 22.1 million in loans, providing UAH 39.9 million in future export proceeds.

In August, the ECA’s services were most used by exporters in Kyiv (UAH 179.1 million in supported exports), the Kyiv region (UAH 25.4 million), and the Lviv region (UAH 23.9 million).

Among the importing countries, Germany remains one of the key destinations, with exports worth UAH 104.8 million. Deliveries to India will amount to UAH 59.2 million, to Moldova — UAH 36.5 million, to the United Kingdom — UAH 25.4 million, and to Poland — UAH 23.9 million.

In terms of product structure, the largest exports will be furniture and interior items, various ready-made food products, wood and wood products, mixtures of vegetable and milk fats, cocoa and cocoa products.

The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-raw material exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.

 

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Vodafone Ukraine raised the redemption price of Eurobonds to 95% of par value

The second-largest Ukrainian mobile operator, VF Ukraine (Vodafone Ukraine, VFU), which redeemed its own Eurobonds worth almost $7 million at the end of May in connection with the payment of dividends, has announced for the fourth time an increase in the redemption price at the fourth such tender – to 95% of the nominal value compared to 94% a week earlier, 92% two weeks earlier, 90% at the end of August, and 85% in the initial offer on August 13.

As noted in the company’s announcement on the Irish Stock Exchange, the maximum redemption amount has been increased by $0.5 million to $5.616 million.

The deadline for accepting applications has been extended from September 25 to October 9, and settlements are now planned for approximately October 16.

The first two times, Vodafone Ukraine repurchased bonds for an amount equivalent to EUR1 million. The debut repurchase was announced at a price of 99% of the nominal value, the second at 90% of the nominal value. The company did not announce the results of the second buyback on the stock exchange, while the scaling factor for the first buyback was 0.0040355668.

According to the results of the third tender, where the redemption price was reduced to 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received bids for $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. After the cancellation of the redeemed bonds, the total nominal value of the bonds remaining in circulation is $292.532 million.

The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to UAH 1 million. The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine. Since then, five monthly dividend payments have been made, each equivalent to approximately EUR 1 million.

As reported, VFU reduced its net profit by 13% in the first half of 2025 compared to the same period last year, to UAH 1.705 billion, while its revenue grew by 15%, to UAH 13.518 billion.

 

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