Business news from Ukraine

Business news from Ukraine

Karmel to Invest $10 Million in Construction of New Plant in Khmelnytskyi

Karmel (Khmelnytskyi), a manufacturer of concrete plants, plans to invest $10 million in the construction of another plant in Khmelnytskyi for the production of concrete manufacturing equipment, according to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“As part of its expansion plans, Karmel has purchased a plot of land on the outskirts of Khmelnytskyi for the construction of a new plant to produce concrete manufacturing equipment. The future plant will cover an area of 18,000 square meters—twice the size of the company’s current plant operating in Khmelnytskyi. Earthwork has already begun on the acquired site,” he wrote on his Facebook page on Monday.

Kysilevsky added that the decision to expand production was made in response to growing demand in domestic and export markets, particularly in the U.S.

“The company’s new production site will allow us to triple our capacity for manufacturing concrete plants. Additionally, we plan to launch production of new equipment—self-propelled concrete plants, as well as waste processing lines,” the MP noted.

Currently, according to his data, the company’s production volume stands at 40 concrete plants per year. Thirty percent of the equipment produced is exported.

In addition to stationary and mobile concrete mixers, the plant manufactures silos, cement dispensers, aggregate hoppers, water towers, and gantry cranes designed in-house.

Kysilevsky noted that the average localization rate for equipment manufactured by the Karmel plant is 70%, and products are sold on the domestic market, in particular, through the “Made in Ukraine” policy aimed at supporting Ukrainian manufacturers.

Specifically, concrete plant equipment is covered by a state program that compensates 15% of the cost of Ukrainian-made machinery, and a significant portion of the plant’s products is purchased using state grants of up to 8 million UAH.

“The company is currently considering the possibility of including its silos in the program to compensate 25% of the cost of agricultural machinery products,” the MP said.

According to information on its website, Karmel was founded in 1997. The company specializes in the manufacture of concrete production plants, concrete mixers, and a wide range of related equipment. The company’s production facilities, with a total area of over 40,000 square meters, are located in Ukraine and abroad. KARMEL has representative offices in Europe, Asia, and Africa, and its exports cover more than 20 countries.

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Turkey Simplifies Procedures for Participants in Citizenship-by-Investment Program

Turkey is streamlining certain administrative procedures for foreign investors participating in the citizenship-by-investment program, while the basic eligibility requirements for the program remain unchanged. The most popular option still involves purchasing real estate worth at least $400,000 with a commitment not to sell the property for three years; alternative routes include a bank deposit, the purchase of government bonds, stock market investments, or fixed capital investments starting at $500,000.

According to industry consultants, in 2026 the program continues to operate without requiring long-term residence in the country or a language exam, and the total processing time for citizenship is typically about six months after investment confirmation. Market participants cite clearer and more centralized coordination of procedures through investment and immigration authorities as one of the practical simplifications, which reduces some of the bureaucratic burden on applicants.

Interest in the Turkish program remains steady amid overall foreign demand for local real estate, although the market itself cooled significantly in 2025. According to Daily Sabah, citing official statistics, foreigners purchased 21,534 residential properties in Turkey in 2025—the lowest figure in nine years.
Russian citizens led the list of buyers, followed by Iran, Ukraine, Germany, and Iraq. The top 10 also included Azerbaijan, Kazakhstan, China, Saudi Arabia, and Afghanistan.

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OnlyFans Owner Radvinsky Dies at Age 43

Leonid Radvinsky, the owner of the OnlyFans platform, has died at the age of 43, the company announced. Radvinsky passed away after a long battle with cancer.

Leonid Radvinsky was an American entrepreneur of Ukrainian descent and the principal owner of Fenix International, the parent company of OnlyFans. In recent years, he remained one of the least public figures in the global digital business, despite the platform’s rapid growth and multi-billion-dollar dividends.

OnlyFans, founded in 2016, grew rapidly during the pandemic and became one of the world’s most famous subscription-based content platforms. In 2025, Reuters reported that the service’s owner was in talks regarding a potential sale of the company valued at approximately $8 billion.

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Price of silver has fallen by more than 10% due to strengthening of dollar

Silver prices on Monday are showing a sharp decline amid a strengthening U.S. dollar and a general deterioration in sentiment in the precious metals market. As of 9:25 a.m., silver futures on Comex fell 10.5% to $62.345 per ounce.

The rise in the DXY dollar index is weighing on prices, as are expectations that the U.S. Federal Reserve may maintain a tight monetary policy for longer than the market had previously anticipated. An additional factor is demand for the dollar as a safe-haven asset amid the ongoing conflict in the Middle East.

Like other precious metals, silver becomes less attractive to investors when the dollar is strong, especially as yields on dollar-denominated instruments rise.

Silver is important not only as an investment and monetary metal but also as an industrial raw material. It is widely used in solar energy, electronics, electrical engineering, medicine, and battery production, so its market depends on both financial and industrial factors.

Reference: The Experts Club analytical center previously released a video analysis of the twenty largest silver-producing countries and their competition for leadership from 1971 to 2024 – https://www.youtube.com/shorts/HvKK-YET8vs

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“Radsad” will retain net income of UAH 14.43 mln for 2025

Shareholders of JSC “Radsad” (Mykolaiv region), a subsidiary of the “Bayadera” holding company, intend to retain net profit for 2025 in the amount of UAH 14.43 million as undistributed at the remote general meeting on April 21, 2026, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolutions, there are no plans to accrue or pay dividends based on the results of operations in 2025. Shareholders also intend to approve the company’s annual report, deem the work of the supervisory board satisfactory, and appoint ADVO-AUDIT LLC as the auditor to review the financial statements for 2026.

The agenda includes the early termination of the powers of the current members of the supervisory board, whose terms expire in August 2026, and the election of its new members. Specifically, this concerns representatives of Bayadera Holding LLC—Oleksiy Bezuglov, Galina Miroshnychenko, and Vitaliy Ryaboshapka—as well as shareholders Vitaliy Babinin and Vira Kozlivska. The terms of the agreements with the board members stipulate that they perform their duties on a pro bono basis.

In addition, the meeting plans to authorize CEO Yevhen Korniyenko to carry out state registration of changes to the company’s information in the Unified State Register.

According to data from the Opendatabot service, JSC “Radsad” (Mykolaiv Oblast, Mykolaiv Raion, Radisny Sad settlement) was founded in 2000. The company’s net profit for 2025 increased by 27.9% compared to 2024—to UAH 14.43 million. The company’s revenue for the reporting period decreased by 6.5%—to UAH 135.5 million, while assets increased by 7.5%—to UAH 270.54 million. The number of employees at the end of the year was 230.

JSC “Radsad” is one of the largest viticulture and winemaking enterprises in Ukraine, located in the village of Radisny Sad in the Mykolaiv region. It specializes in grape growing and the production of wine materials and serves as the raw material base for the brands of the Bayadera holding (in particular, the Koblevo trademark).

The company maintains 760 hectares of vineyards, where over 20 varieties are grown (including Aligoté, Cabernet Sauvignon, and Odessa Black), as well as 1,447 hectares of cropland for winter wheat, rapeseed, and sunflowers. The production capacity of its own winery allows for the processing of up to 8,600 tons of grapes per year, and its storage facilities are designed to simultaneously hold 895,500 deciliters of wine materials.

The company’s main shareholders are Bayadera Holding LLC (56.59%), Vitaliy Babinin (21.33%), and Vira Kozlivska (20.91%). The ultimate beneficial owner is Svyatoslav Nechitailo.

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Gold prices fall nearly 10% amid strengthening dollar

Gold prices are falling sharply on Monday amid the strengthening of the U.S. dollar against major global currencies and a shift in expectations regarding the Federal Reserve’s monetary policy. As of 9:25 a.m., April gold futures on the Comex exchange fell 9.7% to $4,131 per ounce. This is the lowest level since November 2026.

Pressure on the market is coming from the dollar’s rise, as well as growing fears that the Fed may abandon plans to cut rates or even raise them by year-end if inflation accelerates. According to CME FedWatch, traders estimate the probability of a 25-basis-point rate hike at nearly 36%.

A strong dollar traditionally reduces gold’s appeal to investors using other currencies, as it makes the metal more expensive when purchased outside the U.S.

Gold is important to the global financial system as a safe-haven asset, a savings instrument, and a component of central banks’ international reserves. It is also significant for industry due to its use in electronics, medicine, and high-precision technologies.

Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in a video on its YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=BywddHO-JFWFqUFA

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