Business news from Ukraine

Business news from Ukraine

Ferrexpo Will Put $100 Mln Capital Raising to Vote on September 21

Mining company Ferrexpo, with its core assets, will hold general meetings of shareholders on September 21 and October 9 of this year to review its 2025 performance and the results of raising $100 million through an additional share issuance.

According to a stock exchange announcement, Ferrexpo plc is convening the meetings to consider certain standard resolutions that are typically submitted to shareholders for approval at the company’s annual general meeting, which took place on June 29, 2026. However, additional time was required to finalize the Group’s financial results for the year ended December 31, 2025, as the implementation of the relevant financing decision—necessary for the preparation of financial statements on a going-concern basis—was pending.

On September 3, 2026, the company announced plans to raise capital through a $100 million stock offering, and on September 4, 2026, it reported the results of this offering (during which $100 million was successfully raised). The fundraising process is expected to be completed on September 22, 2026, subject to shareholder approval at a separate general meeting of the company scheduled for September 21, 2026.

It is clarified that the matters to be considered at the meeting on October 9 differ from those to be considered at the general meeting on September 21, 2026, regarding the capital raise.

“Shareholders are advised to review the separate circular and notice of the general meeting, published on September 4, 2026, for more detailed information regarding the raising of share capital and the voting procedure at that meeting. The following matters will be considered at this general meeting (in a form generally consistent with that proposed to shareholders in previous years): consideration of the annual report and financial statements of the Group for the year ended December 31, 2025; approval of the directors’ compensation report; approval of the reappointment of the Group’s auditor, MHA Audit Services LLP; and authorization of the Audit Committee of the Board of Directors to determine the auditor’s compensation,” the announcement states.

Ferrexpo owns a 100% stake in Yeristivskyi Mining and Processing Plant LLC, a 99.9% stake in Bilanivskyi Mining and Processing Plant LLC, and 100% of the shares in Poltava Mining and Processing Plant PJSC.

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Net inflows into U.S. Bitcoin ETFs rise for third consecutive week

According to Fixygen, U.S. spot Bitcoin exchange-traded funds (ETFs) saw $986.9 million in net inflows for the week ending September 4, extending their streak of positive weeks to three in a row.

According to SoSoValue data cited by The Block, inflows increased compared to $924.5 million the previous week. BlackRock’s iShares Bitcoin Trust (IBIT) led the way, attracting $691.5 million over the week.

Meanwhile, on September 3, net inflows into all U.S. Bitcoin ETFs reached $730.9 million, marking the highest daily figure since mid-January. The following day, the funds received an additional $174.6 million.

Bitcoin ETF trading volume for the week totaled $14.5 billion, compared to nearly $19 billion the week before. Meanwhile, U.S. spot Ethereum ETFs attracted $218.4 million, also marking their third consecutive week of positive inflows. Their trading volume totaled $4.1 billion.

Overall, August was one of the strongest months for institutional crypto products in the past year. Net inflows into Bitcoin ETFs reached $3.52 billion—the highest since September 2025—while Ethereum ETFs received $1.85 billion, marking their best monthly performance since August of last year.

The shift in sentiment was even more pronounced in the third week of August, when Bitcoin ETFs attracted $1.9 billion, Ethereum ETFs—$697.2 million, and the combined turnover of both categories more than tripled—to $29 billion.

However, inflows remain uneven. Following a strong previous week, approximately $46.6 million was withdrawn from Bitcoin ETFs on September 8. Thus, institutional demand has resumed, but investors remain sensitive to macroeconomic data and expectations regarding U.S. interest rates.

Bitcoin itself corrected after rising above $81,000. According to CoinGecko, on September 9, it was trading at around $78,300, and the cryptocurrency’s market capitalization stood at approximately $1.58 trillion.

Spot Bitcoin ETFs allow investors to gain exchange-traded exposure to Bitcoin without having to store the cryptocurrency themselves. The largest players in the U.S. market are BlackRock, Fidelity, Grayscale, ARK/21Shares, and Bitwise.

Data source — SoSoValue/The Block: Bitcoin ETF flow data

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IDS Ukraine Increased Its Share of Bottled Water Market to 40.7%

According to the results of the first half of 2026, the IDS Ukraine group of companies increased its share of the Ukrainian bottled water market by 0.9 percentage points in volume terms—to 40.7%, said the group’s CEO, Marko Tkachuk, in an interview with the Interfax-Ukraine news agency.

In monetary terms, the company’s share grew by 1.3 percentage points to 39.9%. In the still water segment, IDS Ukraine holds about 60% of the market in monetary terms and approximately half in volume terms. The market share of its flagship brand, “Morshynska,” stands at 30.3% in liters.

In the first half of the year, IDS Ukraine generated nearly 3.95 billion UAH in revenue. Net profit totaled approximately 188 million UAH, and EBITDA was 440.5 million UAH. The company paid 534.9 million UAH in taxes and fees, an increase of 8.6% compared to the previous year. These figures were also published by IDS Ukraine on August 28, 2026.

However, actual sales in the first half of the year were 7% lower than the initial plan. Compared to the same period in 2025, bottled water sales rose by 2%, and net revenue increased by 11%. By August, the company had already exceeded its monthly sales target by 15%.

IDS Ukraine is one of the largest bottled water producers in Ukraine. The group’s portfolio includes the brands “Morshynska,” “Myrhorodska,” “Alaska,” and others. The group’s history in its current form dates back to the merger of a number of producers and distribution companies in 2004.

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IDS Ukraine Expects to Retain Current Management Following ARMA’s Selection of Trustee

The appointment of a new trustee for IDS Ukraine’s corporate rights should not directly affect the current operations of the group’s companies, said IDS Ukraine CEO Marko Tkachuk.
“The appointment of an administrator concerns only corporate rights and shares. It should not affect the day-to-day operational processes of the companies,” he said in an interview with Interfax-Ukraine.
According to Tkachuk, the company expects to continue operating as usual under the leadership of the current management team.
IDS Ukraine’s corporate rights have been frozen since 2022. According to the company, dividend payments to all shareholders have been blocked, and foreign exchange transactions are subject to bank compliance checks. During the period of full-scale war, the group, according to its management, paid more than 4.5 billion UAH in taxes and donated approximately 730 million UAH to charity.
ARMA, for its part, is continuing the process of selecting a new asset manager. On September 7, 2026, an electronic auction was held, in which five bidders participated. The next step is to review and evaluate the proposal from the bidder offering the lowest service fee. Once the winner is determined, ARMA intends to enter into a management agreement.
ARMA links the seized assets of IDS Ukraine to sanctioned Russian businessman Mikhail Fridman. The agency states that the new manager’s task should be to preserve the economic value of the enterprises, jobs, and revenues to the state budget.
The IDS Ukraine group includes water producers under the “Morshynska,” “Mirgorodska,” and “Alaska” brands.

 

Starting September 11, temperatures will drop across all regions of Ukraine

Moderate rain is expected on the night of September 11 in northeastern Ukraine and in some areas of the Kyiv and Cherkasy regions; on Friday afternoon, most of the western regions and the Kharkiv region will see rain, with heavy rain and thunderstorms in some areas of Transcarpathia and the Carpathian Foothills, while the rest of the country will remain dry.

According to the Ukrainian Hydrometeorological Center, winds on this day are expected to be predominantly northwesterly, at 5–10 m/s. Nighttime temperatures will range from 10–15°, reaching up to 19° along the coast; daytime temperatures will range from 20–25°, and 26–31° in the south and southeast of the country.

In Kyiv on September 11, there will be no precipitation. The wind will be from the northwest at 5–10 m/s. Nighttime temperatures will range from 13–15°, and daytime temperatures from 22–24°.

According to data from the Boris Sreznevsky Central Geophysical Observatory, over the entire period of meteorological observations conducted in Kyiv since 1881, the highest temperature recorded in the capital on September 11 was 33.6° in 1898, and the lowest—at night—was 4.7° above zero in 1935 and 1968.

On Saturday, September 12, moderate and, in some places, heavy rain and thunderstorms are expected in the western and northern regions, as well as in Vinnytsia Oblast and, during the day, in Cherkasy and Poltava Oblasts. No precipitation is expected elsewhere. Fog is expected in some areas in the south and east of the country at night and in the morning.

The wind on this day will be southeasterly, shifting to northeasterly, at 5–10 m/s. Nighttime temperatures will range from 10–15°, reaching up to 19° along the coast; daytime temperatures will range from 20–25°, with 26–31° in the south and 13–18° in the western and northern regions.

In Kyiv on September 12, there will be moderate rain at night and heavy rain during the day. The wind will be southeasterly, shifting to northeasterly, at 5–10 m/s. Nighttime temperatures will range from 13–15°, and daytime temperatures from 15–17°.

 

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Companies in Poltava region have highest average tax debt among Ukraine’s regions

As of July 1, 2026, the Poltava region ranked first in Ukraine in terms of the average amount of tax debt per debtor company.

According to data from the State Tax Service cited by Opendatabot, the average tax debt per company in Poltava Oblast is approximately 2.78 million UAH.

Kirovohrad Oblast ranks second in this metric, with an average of about 2.2 million UAH per company in debt.

These figures significantly exceed the national average. In total, 218,731 companies owe the state 263.32 billion UAH, meaning the average debt is approximately 1.2 million UAH per company.

However, the largest number of debtors and the largest absolute amount of debt are concentrated not in the Poltava region, but in Kyiv. There are 58,056 debtor companies registered in the capital, with a combined debt of 96.06 billion UAH.

Thus, regional statistics reveal a significant difference between the number of debtors and the size of the debt: Kyiv dominates in terms of absolute figures, while Poltava Oblast leads in terms of the average debt per company.

Source: Opendatabot

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