Business news from Ukraine

Business news from Ukraine

Finnish company Happy Nordic Living plans to build prefabricated wood structure factory and residential neighborhood in Ukraine

The Finnish company Happy Nordic Living Oy plans to implement two projects in the Kyiv region—to build a factory for the production of prefabricated wooden structures and to create a pilot residential complex for residents of the region who have been affected by Russian attacks, as well as internally displaced persons (IDPs), according to a Wednesday report on the website of the Kyiv Regional Military Administration.

Natalia Gavatyuk, Deputy Head of the Kyiv Regional State Administration, held a meeting with Timo Mikkonen, CEO of Happy Nordic Living Oy, and his team, during which the parties discussed the prospects for implementing the investment project and the next steps for its launch.

According to the report, the plant is expected to create approximately 400 jobs: “Currently, sites in the region’s industrial parks are being considered for the production facility. This approach will allow for the necessary infrastructure to be prepared more quickly and for the project to move forward.”

At the same time, the company is considering the possibility of creating a pilot housing complex in the Kyiv region for residents of the region who have been affected by Russian attacks, as well as internally displaced persons (IDPs).

During the meeting, the parties agreed on mechanisms for further trilateral cooperation between the Kyiv Regional State Administration, Happy Nordic Living Oy, and consulting partner UVT GROUP to prepare a roadmap for the project.

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Ukraine Reduced Rolled Steel Production by 15.6% in January–August

According to preliminary data, Ukrainian steelmakers reduced their production of total rolled steel by 15.6% in January–August of this year compared to the same period last year, down to 3.592 million metric tons.

According to information from the “Ukrmetallurgprom” association, 269,500 metric tons of rolled steel were produced in August, 382,700 metric tons in July, 599,800 metric tons in June, 537,800 metric tons in May, in April—460,800 metric tons, in March—544,500 metric tons, in February—390,300 metric tons, and in January—406,400 metric tons.

In 2025, Ukraine’s steel companies increased their production of general-purpose rolled steel by 4.8% compared to 2024, reaching 6.521 million metric tons.

In 2024, Ukraine increased its production of general-purpose rolled steel by 15.8% compared to 2023—to 6.222 million metric tons from 5.372 million metric tons. In 2023, total rolled steel production rose by 0.4% to 5.372 million metric tons, while in 2022, it fell by 72% to 5.350 million metric tons.

In 2021, before the war, 19.079 million metric tons of rolled steel were produced, or 103.5% of the 2020 level.

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IDS Ukraine (TM “Morshynska”) has significantly increased number of its transportation partners

The IDS Ukraine Group of Companies has restructured its logistics, reorganized distributor territories, and increased the number of transportation partners by 30% by incorporating small carriers and sole proprietors, said Marco Tkachuk, CEO of IDS Ukraine.

“Shelling poses additional challenges, as it destroys our partners’ logistics centers and warehouses. We have to constantly change routes and deliver water directly to stores more often. We’ve increased the number of partners by 30% by bringing in small carriers and sole proprietors who own several vehicles,” he said in an interview with the “Interfax-Ukraine” news agency.

When asked about the main challenges facing the company, aside from logistics and rising fuel prices, Tkachuk cited migration and, as a result, a decline in consumption. Declining household incomes and migration trends have forced the company to seek new business channels, which is why it was decided to launch the B2B platform e-Morshynska, which accounts for 10% of sales in traditional retail through direct ordering without the involvement of sales agents.

In addition, staffing remains a challenge. According to Tkachuk, because the reservation system covers only half of the employees, there is an acute shortage of drivers.

To improve planning amid uncertainty, IDS Ukraine is in the final stages of implementing an ERP system for inventory management, he added.

IDS Ukraine is a Ukrainian group of companies founded in 1996. It owns the “Morshynska,” “Myrhorodska,” “Alaska,” and “Aqua Life” brands. The group includes the Morshyn “Oscar” Mineral Water Plant, the Mirgorod Mineral Water Plant, the distribution company “IDS,” and the water delivery operator “IDS Aqua Service.”

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Lithuania and Poland accounted for 60% of Ukraine’s gasoline imports in August

According to Experts Club, Lithuania and Poland accounted for about 60% of all automotive gasoline imports to Ukraine in August 2026, according to data from a special study by the “A-95” Consulting Group and an analysis of that data conducted by Experts Club.

Lithuania retained its top position among supplier countries with a volume of 51,800 metric tons, accounting for 34% of Ukraine’s gasoline imports.

Poland ranked second with 40,1 thousand metric tons and a share of about 26%.

For comparison: in July, shipments from Lithuania totaled 56,1 thousand metric tons, and from Poland—51,7 thousand metric tons.

Over the year, the combined share of the two largest sources increased from 55% to 60%.

The key supplier from both markets is the ORLEN Group, which controls refining capacity in Lithuania and Poland. In August, the group supplied 78.8 thousand metric tons of gasoline to Ukraine—more than half of total imports.

Romania remains the third major source. However, shipments from Romania fell to 23,400 metric tons in August, down from 34,000 metric tons in July.

Imports from Germany totaled 18,200 metric tons, down from 20,900 metric tons the previous month, while imports from Greece totaled 15,000 metric tons, down from 24,900 metric tons.

Imports from Moldova fell from 5.8 thousand metric tons in July to 1.9 thousand metric tons in August.

In total, Ukraine imported approximately 152 thousand metric tons of gasoline in August, and 1.12 million metric tons since the beginning of 2026.

https://www.experts.news/posts/lytva-ta-polshcha-zabezpechyly-60-importu-benzynu-v-ukrayinu-u-serpni

 

Ukraine Reduced Steel Production by 12.5% in January–August

Ukrainian steelmakers reduced steel production by 12.5% in January–August of this year compared to the same period last year, down to 4.3 million metric tons.

According to data from the “Ukrmetallurgprom” association, 277,000 metric tons of steel were produced in August, 457,000 metric tons in July, 690,800 metric tons in June, 629,400 metric tons in May, in April—517,300 metric tons, in March—702,300 metric tons, in February—515,000 metric tons, and in January—511,100 metric tons.

In 2025, Ukraine’s steel companies reduced steel production by 2.2% compared to 2024—to 7.409 million metric tons.

In 2024, Ukraine increased steel production by 21.6% compared to 2023—to 7.575 million metric tons. In 2023, steel production fell by 0.6% to 6.228 million metric tons, and in 2022, it fell by 70.7% to 6.263 million metric tons.

In 2021, before the war, 21.366 million metric tons of steel were produced, or 103.6% of the 2020 level.

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AMCU Fined “DE TRADING” 50 Mln UAH for Anti-Competitive Practices in Electricity Auctions

The Temporary Administrative Board of the Antimonopoly Committee of Ukraine (AMCU) fined DE TRADING LLC 50 million UAH for anti-competitive concerted practices that distorted the results of five electricity supply auctions.

According to a statement by the AMCU following its September 8 meeting, violations were found in the actions of “DE TRADING” and “Torgovaya Elektricheskaya Kompaniya” LLC. The total estimated value of the procurements covered by the committee’s decision exceeded 1.5 billion UAH.

For violating the legislation on the protection of economic competition, “DE TRADING” was fined 50 million hryvnias. The second party involved in the case—“Torgovaya Elektricheskaya Kompaniya”—was fined 60 million hryvnias. The total amount of sanctions amounted to 110 million hryvnias.

The primary business activity of “DE TRADING” LLC is electricity trading.

According to YouControl, 100% of the company’s authorized capital is owned by PJSC “Energoinvest Holding.” Its ultimate beneficial owners are listed as Andriy Zinatullin, with a 46% stake, and Alina Pylypenko, with a 40.52% stake.

Zinatullin is also one of the co-owners of “Torgovaya Elektricheskaya Kompaniya” LLC, holding a 24.9% stake in its authorized capital.

Original source: AMCU decision dated September 8, 2026.

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