Ukrainians purchased about 8,300 new passenger cars in November 2025, which is 58% more than in November 2024 and 6% more than in the previous month, Ukravtoprom reported on its Telegram channel.
According to the association, this result is a record high for the last 14 months.
As reported, in October 2025, this market grew by a third compared to October 2024, to 7,800 new passenger cars.
The most popular brand of the month was again the Chinese BYD with 1,615 cars registered (last November, the brand was eighth with 178 cars).
The top ten most popular brands also included last November’s leader Toyota with 859 units (1% less than last year), Volkswagen with 798 units (+78.5%), Renault with 577 units (+8.3%), Skoda with 561 units (+9%), Zeekr with 397 units (5.2 times more than last year, when it was ranked 20th), Hyundai with 363 units (+96%), Honda with 341 units (2.7 times more), BMW – 239 units (-21.6%) and Audi – 239 units (two more cars).
The Renault Duster was the bestseller of the month.
Thus, according to Ukravtoprom, taking into account the results of November, in January-November, the market accelerated the positive dynamics that began in the first 10 months, with 68,900 new passenger cars sold, which is 7.5% more than last year.
Earlier it was reported that experts attribute this situation on the market for new passenger cars to the approaching deadline for the abolition of incentives for electric vehicles.
According to AUTO-Consulting, Ukrainians purchased 8,530 new passenger cars in November 2025, which is 61% more than in the same month last year and 7% more than in October 2025, with the share of electric vehicles increasing to 40%.
According to Ukravtoprom, in 2024, initial registrations of new passenger cars in Ukraine increased by 14% compared to 2023, to 69,600 units, while according to AUTO-Consulting, sales increased by 9.8% to 71,300 units.
Pharmacy sales in Ukraine in January-October 2025 grew by 14.38% in monetary terms compared to the same period in 2024, reaching almost UAH 180.143 billion, while in real terms they decreased by 1.75% to 942.749 million packages, according to data from a study conducted by Business Credit and reported to Interfax-Ukraine.
According to the data, the weighted average price of goods in the pharmacy basket for January-September was UAH 191 per package, which is 16.42% more than a year ago.
At the same time, pharmacy sales of medicines during this period increased by 12.88% in monetary terms, to almost UAH 139.262 billion, and decreased by 0.46% in real terms compared to the same period in 2024, to almost UAH 667.242 million.
The weighted average retail price of medicines for the 10 months was UAH 208.71 per package (+13.41%).
Pharmacy sales of dietary supplements in January-October increased by 32% in monetary terms, to almost UAH 21.156 billion, and by 2.69% in real terms, to 82.255 million packages. The weighted average price in this segment increased by 28.52% compared to the same period last year, to UAH 257.21 per unit.
At the same time, according to Business Credit data, dietary supplements are the leaders in terms of growth in pharmacy sales over the first 10 months of 2025.
As reported, pharmacy sales in Ukraine in the first half of 2025 increased by 11% in monetary terms compared to the same period in 2024, reaching UAH 105.214 billion, while in real terms they decreased by 2.78% to 567.02 million packages, and the weighted average price of goods in the pharmacy basket increased by 14.17% to UAH 185.56 per package.
At the same time, pharmacy sales of medicines in January-June 2025 increased in monetary terms by 10.33% to almost UAH 81.929 billion, while in real terms they decreased by 2.32% to almost UAH 399.292 million. The weighted average retail price of medicines in the first half of the year increased by almost 13% to UAH 205.19 per package.
Pharmacy sales of dietary supplements in the first half of this year increased by 17.67% in monetary terms compared to January-June last year, to almost UAH 11.679 billion, and decreased by 1.5% in real terms, to 49.479 million packages. The weighted average price in this segment increased by 19.5% to UAH 236.03 per unit.
In January-September 2025, the KSG Agro agricultural holding received $5.96 million in operating profit and $6.92 million in gross profit, which is 68% and 31% more than in the same period last year, according to the agricultural holding’s press service.
“The significant increase in operating and gross profit was the result of the right management model, production modernization, pig herd renewal, and, as a result, resilience to the challenges of wartime. Against the backdrop of the war, the role of agribusiness has grown significantly, so farmers, including us, have learned not only to adapt to conditions of uncertainty, but also to increase production, invest in development, and provide Ukrainians with food,” commented Serhiy Kasyanov, chairman of the board of directors of KSG Agro.
As reported, in the first half of 2025, the agricultural holding doubled its revenue from the sale of pig products, paid UAH 88.2 million in taxes and fees to the budget, and entered the TOP 100 largest taxpayers in Ukraine.
The vertically integrated holding company KSG Agro is engaged in pig farming, as well as the production, storage, processing, and sale of grain and oilseeds. Its land bank in the Dnipropetrovsk and Kherson regions is about 21,000 hectares.
According to KSG Agro, it is one of the top five pork producers in Ukraine. In 2023, the agricultural holding began implementing a “network-centric” strategy, under which it will transition from developing a large location to a number of smaller pig farms located in different regions of Ukraine.
Yeristovsky Mining and Processing Plant LLC (YMPP, Gorishni Plavni, Poltava region), which is part of the Ferrexpo mining company owned by majority shareholder Kostyantyn Zhevago, incurred losses of UAH 879 million in January-September. Gorishni Plavni, Poltava region), which is part of the mining company Ferrexpo, majority shareholder of Kostyantyn Zhevago, incurred a net loss of UAH 879.341 million in January-September this year, while in the same period last year it had a profit of UAH 514.369 million.
According to the company’s interim report, which is available to Interfax-Ukraine, revenue for this period decreased by 45.3% to UAH 8 billion 124.766 million.
Undistributed profit at the end of September amounted to UAH 171.842 million.
In 2024, the LLC received a net profit of UAH 1 billion 84.107 million, compared to UAH 1 billion 832.538 million in 2023.
Yeristovsky GZK LLC mines high- and low-grade iron ore. The LLC was registered on July 14, 2008. As of December 31, 2024, the company had 1,797 employees (in 2023, 1,789 employees).
According to the annual report, as of December 31, 2024, Ferrexpo AG (Switzerland) owns 99.999% of YGOK LLC, and Ferrexpo Service LLC (Ukraine) owns 0.001%.
It is noted that Ferrexpo AG, which is 100% owned by Ferrexpo plc (the ultimate parent company), exercises control over Ferrexpo Service LLC. A stake of less than 50% in Ferrexpo plc is ultimately held by Minso Trust, whose beneficiaries are Konstantin Zhevago and his immediate family, and which was created to manage the stake in the Ferrexpo group of companies.
The authorized capital of YEGOK LLC is UAH 8 billion 263.698 million.
The report also states that on February 12, 2025, the National Security and Defense Council of Ukraine adopted a decision, which later came into force with Presidential Decree No. 81/2025 on the introduction of personal special economic and other restrictive measures (sanctions) against certain individuals, including Zhevago. Although the sanctions were not imposed on the company, personal sanctions against Zhevago may have an indirect impact on the company’s activities, in particular the refusal to refund VAT, which may also affect the company’s ability to continue its activities on an ongoing basis.
It is likely that Ferrexpo’s subsidiaries in Ukraine will not receive any budgetary VAT refunds until the sanctions against Zhevago are lifted. The company has therefore adjusted its long-term model to reflect lower cash flow generation caused by the potential absence of VAT refunds and, as a result, reduced levels of rock excavation services, production and sales, which in turn will negatively affect the carrying value of the company’s assets in future periods, the report states.
It is also noted that on March 4, 2025, the State Bureau of Investigations of Ukraine made a statement to the media that the Pechersky District Court of Kyiv had granted the request of the Prosecutor General’s Office of Ukraine to transfer 49.5% of the corporate rights of Poltava Mining and Processing Plant PJSC, owned by Ferrexpo AG, to the National Agency of Ukraine for Finding, Tracing and Managing Assets (ARMA). The statement also mentions the transfer of corporate rights to ARMA in 15 undisclosed legal entities. This transfer is related to the ongoing court case against Zhevago involving the Finance and Credit Bank.
“The company’s management understands that Ferrexpo AG remains the 100% owner of the company and does not expect the transfer of 49.5% of corporate rights to ARMA to affect the company’s ability to continue its operations on a continuous basis. Asset management is carried out on the basis of a management agreement concluded between ARMA and the selected manager,” the report says.
In addition, it is stated that the updated baseline scenario of the long-term financial model, which assesses the adequacy of the company’s liquidity and projected cash flows to continue as a going concern for 12 months after the date of approval of these financial statements, provides, in particular, for a production plan that takes into account the limited capacity for production and sales of finished products in 2025-2026. At the same time, the volume of finished product production in the 2025-2026 financial years will be approximately 40-50% of the pre-war level, with an expected recovery to almost pre-war levels in 2027, with only one of the four production lines of the rolling mill of the crushing and enrichment plant of Poltava GOK operating simultaneously.
The proportion of European Union residents living in their own homes in 2024 was 68%, while 32% of the population rented a house or apartment, according to the interactive review “Housing in Europe – 2025 edition” by the EU statistical office Eurostat.
According to the data, the highest rates of home ownership were recorded in Romania (94% of the population live in their own homes), Slovakia (93%), Hungary (92%), and Croatia (91%). The only EU country where the majority of the population prefers to rent is Germany, where 53% of residents are tenants. In Austria, the share of tenants is 46%, and in Denmark, it is 39%.
Eurostat notes that in all EU countries except Germany, ownership remains the dominant form of housing, although in large cities and capitals, the proportion of rentals is traditionally higher than in small towns and rural areas.
Ukraine is offering holders of GDP warrants issued for a nominal amount of $2 billion 591.219 million to exchange them at a ratio of 1.34 for new amortized Eurobonds of Ukraine B maturing in 2030-2032 and to pay cash compensation of up to 7% for such an exchange, according to a proposal on the Irish Stock Exchange and Cabinet of Ministers Resolution No. 1554 of December 1.
It notes that Ukraine and the special committee of GDP warrant holders made significant progress on the terms of such an exchange in the next round of negotiations from November 25 to 30, but the search for full agreement will continue in the coming days in order to reflect the results of such consultations in the relevant amendments to the Memorandum of Exchange by December 5.
The basic terms provide that 45% of the principal amount of the new Eurobonds B will be redeemed on February 1, 2030, and 2031, while the remaining 10% will be redeemed on February 1, 2032.
The interest rate on these bonds will be 4% per annum from the date of placement until February 1, 2027, then 5.5% until August 1, 2029, and 7.25% per annum for the remaining period until maturity.
Holders of GDP warrants who agree to the exchange during the early acceptance period, up to and including December 12, will receive an additional cash payment of 7% ($70 for every $1,000 of the principal amount of GDP warrants), while those who do so between December 13 and 17 inclusive will receive 4.5%.
Finally, those who do not participate in the exchange, if it is approved, will receive other Eurobonds with a total ratio of 1.36 – Eurobonds B, which were issued during the restructuring of Eurobonds in 2024: at 0.68 – Eurobonds maturing in 2030 and 2034, with an interest rate of zero until February 1, 2027, 3% until August 1, 2033, and 7.75% per annum thereafter.
It is noted that the quorum for making a decision is 75% of the total nominal amount, and the decision is expected on December 22. At the same time, even with the consent of 50% of GDP warrant holders, Ukraine can initiate their delisting from the exchange.
According to the Frankfurt Stock Exchange, GDP warrants rose in price on Monday by 0.66% to 92.15% of their nominal value. The last time they were more expensive was in October 2021, after which their value fell below 20% of their nominal value in certain periods.
As reported, from October 16 to November 5, representatives of Ukraine held a series of limited negotiations with a special committee, which includes institutional holders of GDP warrants, during which the parties twice exchanged proposals for their restructuring without result.
Among the warrant holders are hedge funds Aurelius Capital Management LP and VR Capital Group. They are advised by Cleary Gottlieb Steen & Hamilton LLP and PJT Partners Inc, while the Ukrainian side is advised by White & Case LLP and Rothschild & Co.
Following the autumn round of negotiations, the Ministry of Finance emphasized that Ukraine intends to continue working with warrant holders and consider all available options for their restructuring that are consistent with the three previously stated objectives: restoring debt sustainability in accordance with the IMF program; the commitments made during the restructuring of Eurobonds in August 2024 to distribute the burden appropriately among all commercial claims within the restructuring; the moratorium on warrant payments from May 31, 2025, until the completion of their restructuring, approved by the government on August 27, 2024.
Ukraine’s revised proposal during those autumn negotiations was to compensate for the missed payment on warrants for the 2023 reporting year, which was due on June 2, 2025, and to exchange the warrants for a partial cash payment and a new series of sovereign bonds (“C Bonds”). Under Ukraine’s proposal, holders of GDP warrants who agreed to this restructuring option would receive $60 in cash and C Bonds with a par value of $1,260 for every $1,000 of notional value of the warrants. These bonds would be redeemed in three equal installments on January 30, 2030, 2031, and 2032. Interest on them would be paid semi-annually at rates of 2.50% for 2026-2027, 4% for 2028-2029, and 6.00% for 2030-2032.
