Business news from Ukraine

Business news from Ukraine

UPG has relaunched 100 gas stations in 13 regions of Ukraine

The UPG gas station chain has relaunched the first 100 gas stations that previously operated under the ANP and Avias brands, the company said in a press release on Thursday.

“The company is steadily expanding its network within the lease of 447 filling stations across the country,” UPG said.

Currently, the relaunched gas stations are already operating in 13 regions of Ukraine — in Kyiv, Kirovohrad, Lviv, Poltava, Odesa, Volyn, Rivne, Mykolaiv, Dnipropetrovsk, Zaporizhzhia, Zhytomyr, and Zakarpattia regions, as well as in Kyiv.

According to a press release, the reopening of the first 100 gas stations has allowed the company to create more than 1,000 new jobs in the regions, with an average of 8 to 11 employees working at each station. Most of the employees at these gas stations are local residents, which contributes to economic activity in the communities. The average salary of employees in the UPG network is UAH 32,100 before tax, which is one of the highest in the industry.

The reopening of 100 gas stations also had a significant economic impact through investments in the restoration and development of critical energy infrastructure. According to the company’s forecasts, thanks to the operation of these stations, UPG will pay an additional UAH 3.6 billion in taxes and fees in 2026.

“The expansion of the network is part of UPG’s long-term strategy, which involves strengthening its presence in the regions, creating jobs, and increasing tax revenues. The implementation of this strategy has been made possible by the company’s consistent work over the past few years, as well as investments in logistics, infrastructure, and cooperation with leading refineries in Europe and the US,” said UPG Group founder Volodymyr Petrenko, whose words are quoted in the press release.

The company continues to gradually launch other leased stations, expanding its presence in the regions. All leased gas stations are planned to be opened during 2026.

UPG is a Ukrainian group of companies specializing in the trade of petroleum products. UPG is one of the three largest operators in Ukraine in terms of the number of stations. The group has its own logistics infrastructure and supplies fuel directly from leading refineries in Europe and the US. The founder of UPG is Volodymyr Petrenko.

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Agroprosperis ranked among top five grain exporters from Ukraine

According to the results of 2025, the Agroprosperis agricultural group ranked among the top five exporters of agricultural products from Ukraine, the company’s press service reported on Facebook.

According to the report, the agricultural group exported 3 million tons of agricultural products and processed 20,000 tons of oil products. The ship Agroprospwris 1, which set sail at the beginning of last year, has already delivered grain from Ukrainian ports to ports in Europe, Nigeria, Brazil, and other countries.

“We continue to work, overcome challenges, confidently move towards our goal, and together achieve significant results,” the group assured.

According to a number of industry media outlets, the top five grain exporters from Ukraine in 2024/25 MY include the Kernel agricultural holding, grain traders Louis Dreyfus, ADM, Cargill, and Nibulon.

The Agroprosperis group of companies provides a full range of products and services for growing grain and oilseeds, financing their production, as well as storage and further export. Before the war, it cultivated 430,000 hectares in the Sumy, Chernihiv, Kharkiv, Poltava, Vinnytsia, Zhytomyr, Khmelnytskyi, Ternopil, Rivne, Volyn, and Lviv regions. Its total storage capacity is 800,000 tons of agricultural crops. The group grew and supplied more than 2 million tons of grain and oilseeds for export per year.

Agroprosperis conducts its operations through five divisions: Golden Sunrise (Agro), Bio Agro, Ray Agro, Latagro, New Agro Management, and provides financing to Ukrainian grain producers through Agroprosperis Bank.

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NBU fined credit institution EV.RO.Lombard EV.RO.Finance LTD and Company UAH 595,000

The National Bank of Ukraine imposed sanctions on the financial institution EV.RO.Lombard EV.RO.Finance LTD and Company, imposing a fine of UAH 595,000.

The fine was imposed for violations of financial monitoring requirements, in particular with regard to internal documents and procedures, risk-based approach, reporting, and responses to regulator requests.

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Andriy Verevsky buys nine agricultural enterprises in Ukraine

On Thursday, the Antimonopoly Committee of Ukraine (AMCU) allowed Cyprus-based Kapenata Limited, which is affiliated with Andriy Verevsky’s Enselco Agro agricultural holding, to acquire nine companies belonging to the Agro-Region agricultural holding owned by former Ukrainian Economy Minister Aivaras Abromavičius and Swedish businessman Lars Peter Hokansson, according to a statement posted on the AMCU website.

The committee specified that Kapenata Limited intends to acquire more than 50% of the shares in Horosha Logistika LLC, AR Ivky, AR Chudniv, AR Khmelnytskyi, AR Boryspil, AR Kozelets, AR Liubar, AR Borzna, and Bilyi Kolir.
According to YouControl, Kapenata Limited was the owner of Agropolis LLC, part of the Enselco Agro holding, in November 2025, but in December, the Cypriot company Enselco Holding Limited became the owner.

According to information on the Enselco Agro website, in 2023 it was spun off from the Kernel agricultural holding, where Verevsky is the majority shareholder and CEO, and now owns a land bank of 134,000 hectares in the Khmelnytsky and Ternopil regions. In turn, Kernel’s land bank is about 550-600 thousand hectares.

Agro-Region agricultural holding owns a land bank of 41 thousand hectares in the Kyiv, Chernihiv, Zhytomyr, and Khmelnytskyi regions. It specializes in crop production. It consists of 11 companies, which are united into four crop production clusters. It owns two elevators: Boryspil with a capacity of 73,000 tons and Myropil with a capacity of 52,000 tons.

Agro-Region’s annual harvest of grain and oilseeds is 200,000 tons.
According to YouControl, Agro-Region is owned by Garna Stockholm Holding AB, in which Abromavichus owns 53.6% and Hokansson owns 44.28%.

“The deal will be closed in the coming days,” a source familiar with the details of the deal told Forbes Ukraine.

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“Zaporizhyelectrotrans” announced tender for insurance for 4.5 million hryvnias

Zaporizhzhya municipal enterprise Zaporozhelektrotrans on January 7 announced a tender for services on compulsory insurance of civil liability of owners of land vehicles (buses, trolleybuses, streetcars, cars and trucks).

As reported in the system of electronic public procurement Prozorro, the expected cost of purchasing services is UAH 4.523 million. The deadline for submission of tender offers is January 15.

 

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NBU fines Clearing House Bank UAH 200,000

The National Bank of Ukraine has fined Clearing House Bank UAH 200,000 for violating financial monitoring legislation.

In particular, the bank failed to comply with the prohibition on notifying customers of decisions made by the specially authorized body for financial transactions, the NBU said.

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