Business news from Ukraine

Business news from Ukraine

Moldova intends to strengthen supervision of foreigners

On Wednesday, the Moldovan government approved a draft law “On the admission, stay, and supervision of foreigners” developed by the Ministry of Internal Affairs. According to the press service of the Cabinet of Ministers, the document includes new concepts adapted to the legal framework of the European Union. According to the draft law, a residence card will now become a single document confirming the identity and legal status of foreigners.

To strengthen the admission process and ensure effective management of migration flows, foreigners will be required to justify the purpose of their stay in the republic by providing relevant documents (contracts, certificates, invitations, etc.).

In addition, mandatory confirmation of financial solvency during the period of stay in the country will be introduced.

“The criteria and level of means of subsistence will be established by subsequent regulations depending on the purpose of the stay,” the document notes.

A “flexible regime” will apply to short-term stays (up to 90 days). It is expected that the procedures for submitting applications, approvals, notifications, and reporting will be digitized.

The law is intended to stimulate “competitive advantages for sectors of the economy with labor shortages” and “support companies operating in sectors where the local workforce is insufficient by hiring third-country nationals for various purposes.” At the same time, however, there are plans to reduce illegal employment.

At the end of 2025, more than 21,500 foreigners and stateless persons from more than 130 countries were registered in Moldova. Of these, more than 5,600 were eligible for permanent residence, and about 16,000 were eligible for temporary residence.

http://relocation.com.ua/moldova-to-tighten-control-over-migrants-on-its-territory/

 

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Dniprogaz to hold shareholders’ meeting on February 26

According to Fixygen, JSC Gas Distribution System Operator Dniprogaz will hold a general meeting of shareholders on February 26, 2026, in the form of a survey (remotely).

The main issue put to the vote is the approval of the extension of the lease agreement for gas distribution system facilities with Gas Distribution Networks of Ukraine LLC. The announcement states that the estimated value of the deal is UAH 172.63 million (including VAT).

JSC OGRM Dniprogaz is a gas distribution network operator in Dnipro and Dnipropetrovsk region, providing gas delivery to end consumers and maintenance of gas distribution infrastructure.

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UNESCO monitoring mission arrives in Kyiv to assess condition of St. Sophia Cathedral and Lavra

A UNESCO monitoring mission (ICOMOS) has arrived in Kyiv to assess the state of preservation of UNESCO World Heritage sites, in particular the National Reserve “St. Sophia Cathedral” and adjacent monastic buildings, as well as the National Reserve “Kyiv-Pechersk Lavra,” according to the Department of Cultural Heritage Protection of the Kyiv City State Administration (KCSA).

“During the visit, the delegation discussed the current state of the territory, challenges related to the preservation of the historical environment, and further steps to improve the use of the buffer zone in accordance with Ukraine’s international obligations,” the statement said.

It is noted that as part of the monitoring, the mission inspected a number of sites: the building at the corner of Sofiivska Street, 20/21 and Volodymyrska Street, 21/20, which was granted the status of a newly discovered cultural heritage site last year and was entered into the register of monuments; the building at 17/23 Olesya Gonchara Street, where, in accordance with UNESCO recommendations, it is proposed to dismantle the superimposed floors and bring the height of the building in line with the parameters of the neighboring historic buildings; the building at 32 Velyka Zhytomyrska Street (the so-called house with snakes and chestnuts), which is currently undergoing restoration; part of Peizazhna Alley.

As reported, on the night of January 24, the sites of the Kyiv-Pechersk Lavra reserve, included in the UNESCO World Heritage List, were damaged as a result of a massive Russian missile and drone attack. In particular, the following were damaged: Building No. 66 — the entrance to the Far Caves complex, and Building No. 67 (Annozachatiivska Church). The blast wave knocked out some of the windows and doors, and damaged fragments of plasterwork in many places.

On June 10, 2025, St. Sophia Cathedral was damaged as a result of enemy shelling.

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Croatian police seized €500,000 from Ukrainian citizen

According to Serbian Economist, Croatian police at the Karasovici border crossing (border with Montenegro) found €500,000 in cash in a car with Czech license plates driven by a 24-year-old Ukrainian citizen, the Dubrovnik-Neretva County Police reported.

According to the police, the incident occurred while attempting to leave Croatia for Montenegro. During the inspection, law enforcement officers and customs officials noticed changes in the interior of the car, used special equipment to detect hidden packages, and requested a search warrant. After the search, by decision of the County Court in Dubrovnik, 13 packages containing a total of €500,000 in cash were found in the side panels of the rear of the car.

The money and the car were seized, and the driver was detained. Upon completion of the investigation, he was charged with money laundering and transferred to a detention center. The police also stated that the investigation had established that the money had been transported from Western European countries and that its final destination was one of the countries of Southeast Europe.

https://t.me/relocationrs/2287

 

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Kredmash’s losses in 2025 more than doubled to UAH 26.9 mln

The Kremenchug Road Machinery Plant (JSC Kredmash, Poltava region) ended 2025 with a loss of UAH 26.9 million, which is almost 2.1 times more than in 2024 (UAH 13.08 million).

According to the information published on the agenda of the company’s annual general meeting of shareholders on April 10, the uncovered loss as of the beginning of 2026 also amounts to UAH 26.9 million.

The agenda of the meeting includes a question regarding the sources of coverage of losses incurred in 2025, and the draft decisions define these sources as undistributed profits for previous years, reserve capital, and additional capital (funds for production development).

The company’s current liabilities for the year decreased by 36.4% to UAH 34.3 million, while long-term liabilities increased by 8.5% to UAH 4.9 million.

JSC Kredmash managed to reduce its total accounts receivable by 41.3% to UAH 10.9 million, while its total assets decreased by 9% to UAH 469 million, in particular, cash and cash equivalents decreased 3.4 times to almost UAH 19 million.

The net loss per ordinary share amounted to UAH 79.73 (a year earlier – UAH 38.27).

At the meeting, shareholders also plan to terminate the powers of the members of the supervisory board ahead of schedule and elect a new composition.

As reported, the chairman of the supervisory board, president and owner of 15.97% of the shares of Kredmash JSC, Mykola Danileiko, died in April last year, and subsequently the owner of this stake became NR member Olena Stepanenko (presumably Danileiko’s daughter), who previously owned 4% of the company’s shares.

Kredmash specializes in the development and manufacture of asphalt and soil mixing plants, spare parts for construction and road equipment, tank trucks, bitumen trucks, cast iron and steel castings.

According to the National Securities and Stock Market Commission (NSSMC) data for the fourth quarter of 2025, Stepanenko owns 20.0047% of the company’s authorized capital, Chairman of the Board Oleksandr Tverezyi owns almost 10.21%, Euroavtomatizatsiya LLC owns more than 9.6%, and KDM Invest owns 9.8%.

According to the company’s financial report, in 2024, it reduced its net income by 23% compared to the previous year, to UAH 143.7 million.

Only two asphalt mixing plants were sold (three in the previous year), with an average sale price of UAH 52.5 million, as well as wheeled vehicles worth UAH 1.1 million, spare parts for construction and road machinery worth UAH 18.8 million, and consumer goods worth UAH 58.7 million.

At the same time, products (spare parts, consumer goods) worth UAH 63.6 million (45.1% of sales) were exported, in particular to Georgia, Moldova, Turkmenistan, Kazakhstan, and Azerbaijan.

The company emphasized that its production activities are linked to the implementation of state programs for the construction and operation of motorways, which have now been curtailed, negatively affecting production and sales volumes.

In 2025, Kredmash mastered the production of new products, in particular, it developed and supplied the customer with key equipment for the technology of processing lead-acid battery waste — a melting drum and a burner unit for melting lead.

In addition, the plant supplied customers with equipment for drying sand and mineral materials, equipment for winter road maintenance (dumps and sand spreaders with a capacity of 9 and 7 cubic meters), and in December began shipping the KDM2067 asphalt mixing plant to a customer in the Mykolaiv region.

As reported, in pre-war 2021, the plant sold products worth UAH 1.2 billion. In June 2022, as a result of hostile rocket attacks on Kremenchuk, the plant’s industrial facilities were partially destroyed.

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NZF and ZZF have reached settlement agreement on repayment of UAH 9.8 mln in debt

PrJSC Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) and PrJSC Zaporizhzhya Ferroalloy Plant (ZFP) have reached a settlement agreement on the repayment of the principal debt of UAH 9.760 million due to NFP’s claim for the recovery of UAH 12 million.

According to the case materials available to Interfax-Ukraine, the settlement agreement was approved in case No. 908/3161/25 by the Commercial Court of Zaporizhzhia region and concluded on January 27, 2026.

According to the agreement, the relevant proceedings have been closed.

It is specified that NZF appealed to the court to recover UAH 12 million 6.09 thousand from ZZF under contract No. 2401889 dated September 30, 2024 in the amount of UAH 9 million 760.464 thousand, which is the cost of manganese agglomerate AM-40 supplied by NZF to ZZF.

The parties agreed that ZZF undertakes to pay the debt in the amount of UAH 9.760 million in tranches, the dates of which are attached. The debt repayment is to be completed by August 31, 2028.

The parties also agreed that the defendant undertakes to compensate the plaintiff for the costs incurred in paying the court fee in the amount of 50% in the amount of UAH 72,036 thousand.

NZF is the largest silicon and ferromanganese production enterprise in Ukraine. The average monthly output of ferroalloys during stable operation of the enterprise is about 55-60 thousand tons.

According to NDU data for the fourth quarter of 2025, Sofalon Investments Limitad owns 15.503% of the shares of PrJSC, Rougella Properties Ltd. – 9.6904%, Dolemia Consulting Ltd. – 15.7056%, Sonerio Holdings Ltd. – 9.2158%, Manjalom Limited – 5.8824%, Treelon Investments Limited (all – Cyprus) – 15.1013%.

The authorized capital of PJSC NZF is UAH 418.915 million.

NZF is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both based in Dnipro).

PJSC Zaporizhzhya Ferroalloy Plant is one of the two main Ukrainian producers of this product.

According to the NDU for the third quarter of 2025, Matrimax Limited and Soltex Limited each own 22.4486% of the company’s shares, Tapesta Limited owns 18.8903%, Walltron Limited (all based in Cyprus) owns 18.642%, and Halefield Holdings Limited (Belize) owns 7.7508%.

The authorized capital of PJSC ZZF is UAH 227.955 million, and the nominal value of one share is UAH 0.1.

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