Business news from Ukraine

Business news from Ukraine

Wizz Air will open hub in Podgorica on March 30 and launch 17 new routes

According to Serbian Economist, low-cost carrier Wizz Air will open its first hub in Montenegro at Podgorica Airport on March 30, 2026, and begin a phased rollout of 17 new routes to European cities. This was announced by Montenegro’s airport operator, Aerodromi Crne Gore.

According to the published information, the new flights will be introduced gradually from late March through mid-June. Among the announced destinations are Malmö, Paris-Beauvais, Hamburg, Maastricht, Catania, Bratislava, Barcelona, Basel, Rzeszów, Rome, Baden-Baden, Cologne, Ljubljana, Poznań, Vilnius, Gdańsk, and Wrocław.

As previously reported, Wizz Air will station two Airbus A321neo aircraft in Podgorica. According to the company’s estimates, the new base will create about 80 direct jobs and generate approximately 700 indirect ones, as well as increase tourist and business traffic through the capital of Montenegro. Back in October 2025, the carrier stated that the launch of the base and new routes is expected to add about 1 million seats per year.

For Podgorica Airport, the project also has infrastructure significance. Aerodromi Crne Gore previously announced plans to invest €21 million in equipment and modernization in 2026, with the main focus on Podgorica, where traffic is expected to grow by approximately 50%, in part thanks to the Wizz Air hub.

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KMZ’s loss rose to 29.5 mln UAH, while revenue fell by 2.4%

According to Fixygen, shareholders of Kyiv Margarine Plant (KMZ), a member of the Olkom Group, intend to approve the results of financial and economic activities for 2025 and the procedure for covering losses using future profits at a remote general meeting on April 22, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolutions, shareholders plan to approve the performance of the management board and supervisory board for 2025 as satisfactory and to approve the conclusions of the audit reports of Odi Audit Assurance LLC for 2024 and 2025. It is proposed to appoint the same company as the auditor for the next period.

The agenda also includes granting preliminary consent for significant transactions during the year. Specifically, this involves obtaining loans, credits, and banking products totaling up to UAH 250 million for a term of up to 6 years. Shareholders plan to authorize the transfer of property as collateral or a mortgage to secure obligations to financial institutions with a maximum aggregate value of UAH 500 million.

In addition, the general meeting will terminate the powers of the current members of the supervisory board, consisting of Hanna Oleksenko, Artem Oleksenko, and Olga Oleksenko. They will be re-elected for a new term. The terms of civil law contracts with supervisory board members do not provide for the payment of remuneration.

Kyiv Margarine Plant PJSC (KMZ) was founded in 1949 in Kyiv. It is known as a producer of oil and fat products under the “Olkom” trademark as part of the Olkom Group. The company’s production capacity allows it to refine up to 6,000 tons of oils and fats, produce 4,500 tons of margarine, 1,000 tons of mayonnaise, and 600 tons of packaged sunflower oil each month. The plant’s product range includes items for retail chains (sauces, margarines, mustard) and specialized fats for the B2B segment, specifically for companies in the confectionery, dairy, and baking industries, as well as the HoReCa sector.

According to data from the Opendatabot service, Kyiv Margarine Plant PJSC (Kyiv, Nauky Ave., 3) was founded in 1994. The company’s net loss for 2025 amounted to UAH 29.52 million, compared to a loss of UAH 5.27 million in 2024. The company’s revenue for the reporting period decreased by 2.4% to UAH 513.36 million, while assets increased by 3.6% to UAH 423.15 million. The number of employees at the end of the year was 136. The main shareholders are Hanna Oleksenko (50.29%) and Olga Oleksenko (43.86%).

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Geographic structure of Ukraine’s foreign trade (trade volume) in January-September 2025, mln. USD

Geographic structure of Ukraine’s foreign trade (trade volume) in January-September 2025, mln. USD

Open4Business.com.ua

 

Agrofirm “Dzvony” is building feed mill with capacity of 240 tons per day

The private enterprise “Agrofirm ‘Dzvony’ (Lviv region) has begun construction of a modern feed mill with a capacity of 240 tons of product per day, according to the website of the design and construction company ”CHIF.”

“Establishing our own feed production will allow us to fully control feed quality, become independent of external suppliers, and systematically develop our livestock operations. We are building this facility not just for a few years, but for decades to come,” said Zinoviy Maksymyshyn, director and owner of “Agrofirma Dzvony.”

According to the report, the new complex will enable the farm to create a closed production cycle: from growing its own grain to producing feed for livestock. The plant’s technological equipment will include crushing, mixing, micro-dosing, and granulation lines, as well as a soybean processing line and a system for spraying liquids onto granules. The facility is being built in collaboration with the Dutch equipment manufacturer Van Aarsen.

According to Van Aarsen’s regional sales manager Toby Janssen, this plant will become a modern, European-standard production facility.

“We see that Ukrainian entrepreneurs continue to invest in development even under the difficult conditions of war, and this commands our sincere respect,” he emphasized.

Agrofirm “Dzvony” (village of Bolotnia, Lviv Oblast), founded in 1999, cultivates approximately 9,000 hectares of land in the Zolochiv and Lviv districts of Lviv Oblast, as well as 200 hectares in Ternopil Oblast. Primary crops: winter rapeseed, wheat, and soybeans. The production infrastructure includes an elevator complex with a simultaneous storage capacity of 42,000 tons of grain. The company also specializes in vegetable farming, allocating approximately 120 hectares annually for this purpose (cabbage, carrots, beets). A dedicated storage facility with a capacity of 3,500 tons has been built for their storage.

According to data from the Opendatabot service, the agricultural company’s net profit for 2025 increased 3.2-fold compared to 2024—to 222.69 million UAH. The company’s revenue for the reporting period amounted to 595.94 million UAH, and the value of its assets increased by 36.2%—to 1.3 billion UAH. The number of employees at the end of the year was 126. The ultimate beneficiary is Zinoviy Maksymyshyn.

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“Nova Poshta” has invested over 1 bln UAH in security since start of war

“Nova Poshta,” Ukraine’s leading express delivery service, has invested over 1 billion UAH in security since the start of Russia’s full-scale invasion, an investment that has helped save 951 lives, according to the company’s CEO, Yevhen Tafiychuk.

“War has long since become the norm. That’s why we aren’t waiting; we’re investing in security now,” he said at the NOVA Summit, which took place in Kyiv this week, according to a correspondent for Interfax-Ukraine.

According to data provided by Tafiychuk, since the start of the full-scale invasion, there have been 72,620 air raid alerts; 12 logistics hubs and 28 company branches have been destroyed, and another 16 hubs and 152 branches have been damaged.

For safety reasons, Nova Poshta has built 1,244 protective structures of various types at its facilities to ensure the safety of employees and customers, including 779 metal shelters, 438 reinforced concrete shelters, and 27 underground shelters.

“The strategy is very simple—we need to ensure continuous movement, because if you’re moving, it’s very difficult to hit you. To achieve this, we design our logistics so that a package is practically never stationary,” the CEO noted.

According to him, to ensure customer safety, the company constantly monitors the situation at its facilities with the help of an AI (artificial intelligence) agent.

“We know where and how many customers are currently in our service areas. And if this number exceeds our standards, we intervene immediately: we immediately reinforce our operational team, strategically develop the region, install parcel lockers, and open mobile branches,” explained Tafiychuk.

He added that in the event of damage or strikes, there is a “Plan B” for the rapid deployment of a mobile branch, which ensures service stability. He clarified that currently, Nova Poshta has 43 mobile branches and 16 backup locations in the frontline zone for branches, and a mobile depot can be organized within eight days.

In addition, the executive added, the company has five backup depots in Dnipro, Poltava, Kharkiv, Kyiv, and Odesa.

Tafiychuk also emphasized that security begins with threat detection, which is why Nova Poshta has established a control center that operates around the clock and continuously monitors the situation both in the air and on the ground.

“Through our system of acoustic vibration sensors, we are aware of absolutely everything happening in the air. We know how many drones and missiles there are, where they’re coming from, and where they’re heading. If we know, we can respond. And that’s what we do through our alert and response system,” the CEO said.

According to him, this is a three-tiered system. The first tier is visual, via monitors. The second is auditory: “Nova Poshta” has more than 350 sound systems that help inform employees and customers promptly and quickly. The third layer is informational: more than 70 Telegram channels and over 100 groups on Signal, so every division, branch, and terminal has its own channel where it receives security updates specific to its unit.

“It’s important to be confident that security protocols are actually being followed and can be followed. Our AI agent helps us with this; after every incident, it analyzes the situation, identifies who failed to comply, and we are constantly making changes and improving,“ noted Tafiychuk.

”Nova Poshta” currently has 51,500 service points in Ukraine, including 15,900 branches and 36,500 parcel terminals. In 2025, the company increased its revenue by 21% compared to 2024—to more than 54 billion UAH—and its profit amounted to 2.6 billion UAH, compared to 2.5 billion UAH the previous year. The number of parcels and shipments delivered in 2025 grew by 7.4%—from 486 million to 522 million, including international shipments—by 52.6%, from 19 million to 29 million.

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“Ukrryba” will cover its 2025 loss using retained earnings from previous periods

According to Fixygen, shareholders of PJSC “Ukrryba” (Kyiv) intend to approve the results of financial and economic activities for 2025 and cover the resulting loss of UAH 267,225.37 using retained earnings from previous periods at a remote general meeting on April 22, 2026.

According to the company’s report in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the agenda also includes the review and approval of the reports of the CEO, the supervisory board, and the company’s auditor for 2025, with their work deemed satisfactory.

Shareholders plan to appoint Business-Image LLC as the auditing entity to review the company’s financial and operational activities and to take into account the findings of the 2025 audit report. However, no measures based on the results of the review of last year’s audit report are planned for approval.

In addition, the meeting will terminate the powers of the current members of the supervisory board in their entirety (Chairman Mykola Panyuta, board members Dmytro Vladovsky and Nataliia Gapchenko) with their subsequent re-election for a new term. The terms of civil law contracts with members of the supervisory board provide for the performance of duties on a pro bono basis. The authority to sign contracts with them is planned to be granted to the company’s CEO.

According to data from the Opendatabot service, PJSC “Ukrryba” (Kyiv) was founded in 1995. The company’s net loss for 2025 decreased by 68.4% compared to 2024—to UAH 267,000. The company’s revenue for the reporting period increased by 21.4%—to UAH 29.43 million, while assets decreased slightly (by 2.5%)—to UAH 2.79 million. The number of employees at the end of the year was 52.

PrJSC “Ukrryba” was founded in 1995 in Kyiv. The company operates in the fish and seafood market and owns a 5.14-hectare production and logistics facility with its own rail tracks and cold storage units. Its product range includes over 100 varieties of fish products, seafood salads, and delicacies. The company supplies distributors, retail chains, and businesses in the HoReCa segment.

Major shareholders include Volodymyr Rubinstein (22.64%), Boris Pokrass (22.53%), Anatoliy Golubchenko (22.53%), and Roman Korenblit (22.53%).

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