Turkish Onur Group plans to build 690 MW of new generating capacity in Ukraine by 2030, investing $450 million in the Ukrainian energy sector, Onur Group’s general manager in Ukraine Emre Karaahmetoglu said in an interview with Forbes Ukraine.
According to him, the company already has 150 MW of solar power plants, which were built before the war and are now successfully operating under a “green” tariff until 2030.
“The construction of 50 MW of solar power plants (SPPs) in the Vinnytsia region is continuing, plus 164 MW of storage (batteries). This is more than $60 million in investments, which we plan to complete by the end of the year — then there will be about 200 MW of solar power and 164 MW of batteries,” he said.
According to the CEO, Onur Group plans to build 120 MW of wind power plants (WPP) in the Zakarpattia region with a budget of about €120 million.
“Other companies are already operating WPPs in the Carpathians — we see prospects. A total of 320 MW of wind power is under development,” he added.
The company is also working on new projects in the Lviv and Volyn regions and is negotiating loans with international financial institutions.
In addition, Onur Group has almost completed the construction of the first phase of a WPP in the Volyn region for OKKO.
“Last week, the first turbine parts were delivered and installation began. The second phase, with a capacity of about 190 MW, is planned next. A total of 340 MW of capacity has been initiated in Volyn, and we, as a Lviv-based construction company, are actively working on this,” Karaahmetoglu said.
As noted in Forbes Ukraine, Onur Group Ukraine is part of the international Onur Group. In June 2025, the Turkish group’s business in Ukraine will include about 40 companies in 12 sectors of the economy, ranging from energy and mining to the hotel and restaurant business.
The group’s consolidated revenue fell by 18% in 2024 to UAH 8.9 billion, compared to UAH 32.4 billion in pre-war 2021.
The company has announced plans to invest $650 million in Ukraine by 2030 and estimates its investments over the previous 20 years of operation at around $570 million.
Kyiv Mayor Vitali Klitschko announced his choice for the new secretary of the Kyiv City Council.
“I have decided on a candidate for the new secretary of the Kyiv City Council and have invited all factions to join the discussion. After consultations, I will submit the candidacy of Zoya Yarosh, a deputy from the Voice faction, to the session hall for this position,” Klitschko wrote on Telegram.
Zoya Yarosh was born on December 9, 1976, in the village of Yelanets, Mykolaiv region.
In 2000, she graduated from Odessa State University named after I. I. Mechnikov with a degree in law. In 2006, she graduated from the Kyiv Institute of International Relations of the Taras Shevchenko National
University of Kyiv with a degree in international law.
In 2020, she was elected to the Kyiv City Council of the 9th convocation from the Voice party. She is a member of the standing committee on architecture, urban planning, and land relations.
Ukraine exported 99,300 tons of bioethanol in 2024, with private producers accounting for 62% of this export, and three private bioethanol plants accounting for 38,100 tons According to Nina Yuzhanina, a member of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, the key factors for the development of bioethanol production in Ukraine were the replacement of Russian methanol with Ukrainian bioethanol by oil and gas companies.
She noted that of the 17 bioethanol plants operating in Ukraine, with a production capacity of over 420,000 tons per year, 12 have been privatized in recent years.
According to her, the key factors for the development of bioethanol production in Ukraine were the replacement of Russian methanol with Ukrainian bioethanol by oil and gas companies; the supply of consolidated batches of bioethanol (min. 10,000 tons) to the EU market; logistical features of bioethanol exports by tankers to EU oil refineries with return delivery of gasoline to Ukraine; the abolition of quotas on bioethanol exports to the EU (as of today, the quota of 100,000 tons of ethyl alcohol per year has already been restored) and the introduction of a mandatory 5% bioethanol blend in gasoline in Ukraine.
The MP also criticized the government for failing to protect foreign markets for one of Ukraine’s most promising processing industries.
As reported, the European Commission has approved quotas for Ukrainian agricultural products, which will be in effect from June 6 until the end of 2025 as part of the Deep and Comprehensive Free Trade Area Agreement. According to a document published on the EU website, by the end of 2025, Ukraine will be able to supply the EU market under the Deep and Comprehensive Free Trade Area in a 7/12 month regime (7 out of 12 months of the year) with wheat, flour, and meslin – 583,330 tons , corn – 379,167 thousand tons, barley – 204,167 thousand tons, poultry meat – 52,511 thousand tons, beef – 7 thousand tons, eggs – 3,500 tons, milk and cream – 5,833 tons, dry milk – 2,917 tons, butter – 1,750 tons.
In 2024, Ukraine exhausted its quota for bioethanol supplies to EU markets, which amounted to 100,000 tons per year, for the first time since signing the Association Agreement with the EU. Under the updated terms of 7/12, Ukrainian producers will be able to supply 58,000 tons of bioethanol to the EU market by the end of 2025.
As of June 9, Ukraine had exported 38.777 million tons of grains and legumes since the beginning of the 2024-2025 marketing year (July-June), of which 475,000 tons were shipped this month, according to the press service of the Ministry of Agrarian Policy and Food, citing data from the State Customs Service. were shipped this month, according to the press service of the Ministry of Agrarian Policy and Food, citing data from the State Customs Service.
According to the report, as of June 12 last year, total shipments amounted to 48.381 million tons, including 1.449 million tons in June.
At the same time, in terms of crops, since the beginning of the current season, 15.015 million tons of wheat (152,000 tons in June), 2.305 million tons of barley (0), 10,800 tons of rye (0), corn – 20.89 million tons (320 thousand tons).
Total exports of Ukrainian flour since the beginning of the season as of June 9 are estimated at 66.1 thousand tons (in June – 1.2 thousand tons), including wheat flour – 61.7 thousand tons (1.1 thousand tons).
Since the beginning of 2025, the state-owned PrivatBank (Kyiv) has financed the purchase of new cars worth UAH 2 billion, and the bank’s share in the market for new car loans has reached 44%, according to a press release issued by the financial institution on Monday.
“Currently, every fifth car purchased in Ukraine is financed by a loan, and PrivatBank’s share in the new car loan market since the beginning of 2025 has reached 44%,” commented Dmytro Musienko, member of the bank’s board for retail market issues.
It is noted that most car loans at PrivatBank are taken out in Kyiv (45% of the total), followed by Dnipro (9%), Lviv (6%), and Odesa and Kharkiv (5% each).
According to the bank’s statistics, men are more likely to take out car loans, accounting for 58% of the car loan portfolio. The most active age group is Ukrainians aged 36–45, who account for 43% of customers. The share of customers aged 46 and older is 34%, and young people aged 21–35 account for 23%.
In most cases, car loans are issued for a term of 5 years, and this trend will continue in 2025.
“The trend in 2025 will continue to be an increase in demand for electric cars and hybrids, whose share of cars purchased on credit compared to 2024 will grow to 16% and 18%, respectively,” PrivatBank added.
It is noted that among the most popular brands in Ukraine, Toyota, Hyundai, Skoda, Peugeot, and Mazda cars are most often purchased on credit, as these models are subject to special financing terms.
In mid-December last year, PrivatBank reported that in 2024, it had issued more than 3,000 car loans to individuals for a total amount of over UAH 2.5 billion.
According to the National Bank of Ukraine, as of April 1, 2025, PrivatBank ranked first in terms of total assets with UAH 945.4 billion, or 25.2% among 61 banks.
Ukraine’s second-largest mobile operator, Vodafone Ukraine (VFU), which on May 23 announced an offer to repurchase its Eurobonds worth $1.11 million, has received bids significantly exceeding the repurchase amount.
“The offered bonds will be accepted for purchase on a pro rata basis in accordance with a scaling factor of 0.0040355668,” the issuer said in a statement on the Irish Stock Exchange on Monday.
According to the statement, if the application of this ratio to the bond package of any holder results in an amount less than the minimum nominal value, such offered bonds will be rejected.
The settlement date for the tender offer will be approximately June 13, 2025.
The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to EUR1 million in hryvnia.
The company emphasized that, according to the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.
According to the announced terms, the bonds will be redeemed at a rate of 99% of their face value.
VFU recalled that a total of $300 million in bonds maturing in February 2027 with a nominal rate of 9.625% per annum were issued, of which the company currently holds $0.5 million in bonds.
As reported, VFU increased its revenue by 13.1% to UAH 24.44 billion in 2024, while reducing its net profit by 30.1% to UAH 3.54 billion.
In January-March 2025, revenue grew by 14% compared to the same period in 2024, to UAH 6.59 billion, while net profit fell by 24% to UAH 697 million.
