Business news from Ukraine

Business news from Ukraine

Vodafone Ukraine raised buyback price of Eurobonds for third time — to 94% of nominal value

Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased its own Eurobonds worth almost $7 million since the end of May as a result of three offers in connection with the payment of dividends, has announced for the third time an increase in the redemption price in the fourth such tender — to 94% of the nominal value compared to 92% a week earlier, 90% at the end of August, and 85% in the initial offer on August 13.

As noted in the company’s announcement on the Irish Stock Exchange, the maximum repurchase amount remained at $5.12 million, up from $3.945 million the week before last.
The deadline for accepting applications has been extended from September 18 to September 25, and settlements are now scheduled for approximately October 2.

The first two times, Vodafone Ukraine repurchased bonds for an amount equivalent to EUR1 million. The debut repurchase was announced at a price of 99% of par value, the second at 90% of par value. The company did not announce the results of the second buyback on the stock exchange, while the scaling factor for the first buyback was 0.0040355668.

According to the results of the third tender, where the redemption price was reduced to 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received applications for $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. After the cancellation of the redeemed bonds, the total nominal value of the bonds remaining in circulation is $292.532 million.

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 UAH 1 million. The company emphasized that under 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. Since then, five monthly dividend payments have been made, each equivalent to approximately EUR 1 million.

As reported, VFU reduced its net profit by 13% in the first half of 2025 compared to the same period last year, to UAH 1.705 billion, while its revenue grew by 15%, to UAH 13.518 billion.

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Ukrainians demonstrate predominantly neutral or positive attitude toward Uzbekistan — Experts Club

Most Ukrainians express a neutral attitude toward Uzbekistan. This is evidenced by the results of a survey conducted by Active Group in collaboration with Experts Club in August 2025.

According to the results, 65.2% of respondents said they had a neutral attitude towards the country. 23.8% of Ukrainians have a positive attitude (4.3% — completely positive, 19.5% — mostly positive). A negative attitude was expressed by 11.0% of respondents (3.4% — completely negative, 7.6% — mostly negative), while another 3.0% admitted that they were almost unfamiliar with this country.

“Ukrainians do not yet have a clearly formed opinion about Uzbekistan. This is due to the country’s low level of information presence in the Ukrainian media space. The neutral position of the majority leaves room for the development of both political and economic relations,” explained Active Group Director Oleksandr Pozniy.

Experts Club co-founder Maksym Urakyn emphasized the economic aspect:

“In 2025, trade turnover between Ukraine and Uzbekistan reached $165 million. Ukraine exported goods worth $95.4 million, while imports amounted to $69.6 million, resulting in a positive balance of $25.8 million. This indicates the potential for expanding cooperation, particularly in the agro-industrial sector and mechanical engineering,” he said.

The survey was part of a large-scale study by Active Group and Experts Club on Ukrainians’ attitudes toward different countries around the world.

 

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SkyUp expands its network of flights from Chisinau for summer 2026

SkyUp Airlines has announced the launch of ticket sales for the 2026 summer season and a significant expansion of its route network from Chisinau, which is becoming one of the key aviation hubs for Ukrainian passengers.

According to the carrier’s press service, the schedule includes new flights to Ireland, Switzerland, Spain, Greece, France, Italy, and Georgia.

Among the destinations are:
Chisinau – Madrid (from April 16, 2026, twice a week);
Chisinau – Malaga (from May 2, up to twice a week);
Chisinau – Tenerife (from May 30, once a week);
Chisinau – Paris (CDG) (from April 12, up to twice a week);
Chisinau – Basel (from May 15, twice a week);
Chisinau – Dublin (from December 18, 2025, up to twice a week);
Chisinau – Corfu, Rhodes, Zakynthos (from the end of May, 1–2 flights a week);
Chisinau – Rimini (from May 30, up to twice a week);
Chisinau – Tbilisi (from November 1, 2025, up to 4 times a week).

SkyUp reminded that since April 2025, it has been operating regular flights from Chisinau to a number of popular cities in France, Portugal, Spain, Cyprus, Greece, Germany, the Czech Republic, and Sweden.

The airline, which has been operating for more than six years, received a Maltese license in 2023, allowing it to operate regular flights within European airspace.

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Ukraine significantly reduced grain exports by rail in first half of September

In the first 16 days of September, 1 million 48.9 thousand tons of grain were exported by rail, which is 19.2% less than in August. Compared to the same period last year, the reduction amounted to 8.8%, according to the Rail.insider portal.

According to Valery Tkachev, deputy director of the transport technology and commercial operations department at Ukrzaliznytsia, 981,000 tons of grain were loaded onto the network in September, which is 12.5% less than a year earlier.

The total volume of all cargo transported during this period reached 1.25 million tons, which is 10.2% less than last year and 11.4% less than in August.

Most of the grain – 979,500 tons (93.4%) – was delivered to seaports. Only 69,400 tons (6.6%) were sent to western border crossings.

Since the beginning of September, almost 568,000 tons of grain have already been exported by rail.

In addition, since the beginning of the 2025/2026 marketing year (July 1), Ukraine has exported 5.028 million tons of grain and legumes. For comparison, during the same period last year (as of September 13, 2024), this figure was 8.59 million tons, meaning that the pace of exports has slowed significantly.

 

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Ireland transfers 34 vehicles and robots for demining to Ukraine

On Thursday, Irish Deputy Prime Minister and Minister of Defense Simon Harris confirmed the arrival in Poland of two convoys with vehicles from the Armed Forces’ reserves, which will be transferred to Ukraine as aid.

“Operation Carousel 3, led by the Armed Forces Transport Corps, ensured the safe arrival of 34 vehicles at the International Donor Coordination Center in Rzeszów, Poland, as part of Ireland’s contribution to the European Peace Fund. In addition to… vehicles, the convoy also transported three Reacher robotic manipulators, which will be transferred to the Mine Action Coalition… as part of the Ukraine Defense Contact Group (UDCG),” according to a statement on the country’s government website.

According to the information, Ireland transferred two Ford Transit vehicles, three Mercedes ambulances, five Scania 8×8 DROPS trucks, eight 15-seat Ford Transit minibuses, and 16 Ford Ranger double cab vehicles.

It is noted that the vehicles meet Ukraine’s needs, and their transfer will be confirmed in Poland by the Armed Forces and Defense Forces of Ukraine.

As reported in March, the Irish government approved an additional aid package for Ukraine worth EUR 100 million, which will be used to purchase non-lethal military equipment.

 

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Ukrainians show strong support for Finland — Experts Club

Most Ukrainians have a positive attitude toward Finland, according to the results of a sociological survey conducted by Active Group in collaboration with Experts Club in August 2025.

According to the published data, 73.4% of respondents have a positive attitude towards this country: 34.9% — completely positive, 38.5% — mostly positive. Only 3.0% of Ukrainians have a negative attitude (1.0% completely negative, 2.0% mostly negative). At the same time, 23.6% of citizens took a neutral position, and another 2.3% admitted that they were not familiar enough with Finland.

“The high level of positive attitudes toward Finland can be explained by both Ukraine’s support at the political level and assistance in the areas of defense, education, and humanitarian projects. Finland has long been perceived by Ukrainians as part of the European family and an ally in countering Russian aggression,” commented Active Group CEO Oleksandr Pozniy.

Experts Club co-founder Maksym Urakyn drew attention to economic indicators:

“In 2025, trade turnover between Ukraine and Finland amounted to more than $163.6 million. Exports from Ukraine amounted to only $21.6 million, while imports exceeded $141.9 million. The negative balance of $120.4 million indicates significant potential for export diversification, particularly in the fields of woodworking, agricultural products, and mechanical engineering,” he emphasized.

The study is part of a large-scale project by Active Group and Experts Club to analyze Ukrainians’ international sympathies and the prospects for foreign economic relations.

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