Business news from Ukraine

Business news from Ukraine

Monobank Will Pay 1,000 UAH to Pensioners Who Switch Their Pensions to mono Card

Pensioners who have switched their pension payments to mono will receive 1,000 UAH, after taxes, by the end of the year, according to Monobank co-founder Oleg Gorokhovsky.

“And as soon as they receive their first pension on a mono card, we’ll credit 1,000 UAH to their cashback account. We’ll cover the tax as well. In addition, we’re adding a ‘Medical’ category with 5% cashback for the year,” he noted.

Gorokhovsky emphasized that, according to the law, pensions can be received on a card from the bank of the pensioner’s choice.

As of July 1, 2026, there are 9.98 million pensioners in Ukraine, according to data from the Pension Fund. Eighty-three percent of pensioners—approximately 8.3 million people—receive their payments through banking institutions. The remaining 17% continue to receive their payments through Ukrposhta branches and mail carriers.

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VR exhibition “Ukraine: World of Trypillia” has opened at Kyiv History Museum

“Creating an exhibition like this will help us showcase the greatness of Ukraine… Reinterpreting our history, opening up the world of this history, and presenting it through the lens of experts strengthens our international standing. I strongly agree with the lectures by Timothy Snyder (an American historian—IF-U) when he says that the

Trypillian civilization—it is very important to use this term—is part of the European space,” said Foreign Minister Andriy Sibiga at the exhibition’s presentation on the eve of its opening on Thursday.

Sybiga emphasized that the Ministry of Foreign Affairs will make every effort to expand knowledge about the unique Trypillian civilization through UNESCO’s framework.

“In May 2026, we included the ‘Prekukuten-Ariushd-Kukuten-Trypillia’ archaeological and cultural complex on UNESCO’s Tentative List, and we are doing everything possible to have it inscribed on the UNESCO World Heritage List,” said Deputy Prime Minister for Humanitarian Policy and Minister of Culture Tetiana Berezhna.

According to her, it is very important for this exhibition to gain popularity in educational institutions and be promoted in schools.

“Trypillia is one of the components of our identity, just like language. A state and a nation begin with identity,” said Viktor Yushchenko, President of Ukraine (2005–2010).

As reported by a correspondent for the Interfax-Ukraine news agency, virtual reality technology allows visitors to “step into” a world from 7,000 years ago and find themselves inside a reconstructed Trypillian settlement, visit the dwellings of the Trypillians, see the domestic areas, the potter’s workshop, and the sacred zone, and examine everyday household items. Here, visitors can observe how the Trypillians cultivated the land and grew grain, how they prepared and baked bread from it, worked with metal, and created items necessary for daily life. Agriculture, crafts, daily life, and beliefs come together in the VR space to form a comprehensive picture of life in the Trypillian community.

The virtual exhibition features digitized artifacts from the collections of the National Museum of the History of Ukraine, the Kyiv Regional Archaeological Museum, and the Museum of the History of Kyiv: ceramics, anthropomorphic and zoomorphic sculptures, tools, and household items.
The project combines archaeological and historical data, 3D modeling, VR technology, and interactive elements. The exhibition is part of the cultural and educational platform “Ukraine. The World of Trypillia,” which uses popular formats—art books, theater, and VR—to tell the story of Trypillian culture in a new way.

The exhibition was organized with the support of the Ukrainian Cultural Foundation as part of the “Cultural Heritage” grant program and in collaboration with the platform’s general partner—the “MHP-Hromadi” Charitable Foundation.

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Grape prices in Ukraine have hardly risen over past year, while producers’ costs have increased significantly

The cost of grapes in Ukraine in 2026 remained roughly at the same level as last season, despite a significant increase in the cost of fertilizers, plant protection products, fuel, and logistics, which is leading to a decline in the profitability of grape-growing operations.

Tetyana Shmaglyuchenko, head of the company “VIN’S,” discussed this in an interview with the agricultural publication SEEDS.

According to her, prices for most grape varieties have essentially remained at last year’s levels. Only a few large rosé varieties have become slightly more expensive. At the same time, production costs have increased significantly.

Producers cite rising costs of mineral fertilizers, vine protection products, and fuel as the main factors. Logistics have added to the burden, especially for farms in Bessarabia, where transportation costs have risen due to infrastructure damage and restrictions on traditional routes.

The situation is further complicated by a decline in the harvest. According to producers’ estimates, the gross grape harvest at some farms this season could be 20–30% lower than last year. Winter frosts and a cold spring have negatively affected yields.
The war is also directly affecting vineyards in southern Ukraine. Some vineyards have sustained damage as a result of hostilities, falling drone debris, and other war-related factors.

The combination of virtually unchanged selling prices, rising production costs, and reduced harvests is forcing producers to seek additional sources of income.
One such avenue is the further processing of grapes. Farms are investing in the production of fruit leather, raisins, and other products with higher added value, and are using infrared dryers and vacuum equipment to process fruit puree.

Another trend is cooperation with producers of other fruits. This allows for the production of combined products using local peaches, plums, and other raw materials.
Producers are also investing in energy self-sufficiency. In particular, solar power plants are used to power wells and irrigation systems, which helps to partially reduce dependence on external energy supplies.

At the same time, some farms are considering a shift from selling fresh grapes to winemaking. With grant support from the FAO, technical grape varieties are being planted that can later be used for wine production.

Thus, for Ukrainian viticulture in 2026, the key challenge will be not so much a lack of demand for products as the gap between the selling price and the cost of production. Under these conditions, processing allows farms to derive greater added value from their own raw materials while simultaneously maintaining production capacity and preserving employment for workers after the harvest season ends.

Viticulture remains one of the most labor-intensive sectors of horticulture in Ukraine. Most commercial grape production is concentrated in the southern regions of the country and in Zakarpattia, and a significant portion of the industry has been directly affected by the full-scale war.

Source: SEEDS.

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“Bulgargaz” Enters Serbian Gas Market — Competition for Industrial Customers May Intensify

According to the Serbian business media outlet Parametar, the Bulgarian state-owned company Bulgargaz has received a 10-year license for wholesale natural gas supplies in Serbia, opening the door for yet another major regional player to compete for Serbian consumers.

As Parametar analyzed, the significance of this decision lies not merely in the emergence of yet another licensed company. Bulgargaz has its own procurement portfolio and access to gas infrastructure in several Central and Southeastern European countries.

The company already holds the necessary licenses and permits to trade and supply gas in Greece, Romania, Hungary, and Slovakia, and operates in Moldova through its subsidiary, Bulgargaz North.

Of particular importance to Serbia is the interconnector with Bulgaria, with a capacity of approximately 1.8 billion cubic meters per year. Via Bulgaria, the Serbian market can receive Azerbaijani gas, as well as LNG arriving in the region through Greek terminals.

Bulgargaz will potentially be able to offer large Serbian enterprises a comprehensive supply package—from LNG procurement and regasification to transportation through Bulgaria and delivery of gas to Serbia.

For now, however, the discussion is limited to obtaining a license. Bulgargaz has not yet announced any major contracts with Serbian consumers. Therefore, the key indicator of a genuine market entry will be the booking of cross-border capacity and the signing of the first contracts.

The Serbian gas market is formally open to competition, but in reality remains highly concentrated. According to the latest complete AERS data for 2024, the state-owned company Srbijagas accounted for about 78% of gas sales to end consumers, Novi Sad-Gas for about 3.9%, Yugorosgaz for 3.2%, and each of the remaining suppliers accounted for less than 2%.

At the same time, the market infrastructure is changing. There are three gas transmission system operators in Serbia: Transportgas Srbija, Gastrans, and Yugorosgaz-Transport. In 2026, Transportgas received an operating license, and Serbia joined the regional platform for booking gas transmission capacity, which should facilitate new suppliers’ access to cross-border routes.

The arrival of Bulgargaz does not in itself mean lower prices or a significant redistribution of the market. However, if the Bulgarian company begins to actually supply gas to Serbian industrial enterprises, the Serbia-Bulgaria interconnector will gradually transform from infrastructure for diversifying supplies into a tool for real competition among suppliers.

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