Business news from Ukraine

Business news from Ukraine

Transmagistral Insurance Company to Insure Ukrenergo Employees for Nearly 78 Million UAH

On September 3, PJSC “National Energy Company (NEC) ”Ukrenergo” announced its intention to enter into a contract with Transmagistral Insurance Company for voluntary health insurance services for its employees. According to the Prozorro electronic government procurement system, Transmagistral Insurance Company submitted the lowest bid—77.989 million hryvnias—compared to the expected cost of 111.975 million hryvnias for the services.

Also participating in the tender were the insurance companies “VUSO” with a bid 1 UAH higher, the “TAS” Insurance Group—1 UAH higher than “VUSO’s”—and “Kraina” with a bid of 84.3 million UAH.

As previously reported, the “TAS” Insurance Group was the winner of a similar tender a year earlier.

“Ukrenergo” operates trunk and interstate power transmission lines and also provides centralized dispatch control of the country’s unified power system. The National Electricity Transmission Company is a state-owned enterprise under the jurisdiction of the Ministry of Energy and Coal Industry of Ukraine.

 

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“Zaporizhkox” Reduced Coke Production by 9.6% Over Eight Months

PJSC “Zaporizhkox,” one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, reduced its blast furnace coke production by 9.6% in January–August of this year compared to the same period last year, down to 535,900 metric tons.

According to the company, 38.1 thousand metric tons of coke were produced in August, compared to 63.4 thousand metric tons the previous month and 79.6 thousand metric tons in August 2025.

“The decline in production volumes in August 2026 compared to the same period in 2025 is due to a reduction in coal concentrate supplies to the plant. This is linked to the disruption of operations at Ukrainian Black Sea ports due to the aggressor country’s constant attacks on international merchant vessels, particularly those transporting raw materials for the Ukrainian metallurgical industry,” the press release explains.

As previously reported, in 2025, “Zaporizhkox” increased its output by 2.7% compared to 2024—to 898,300 metric tons, while in 2024, output rose by 2.1% to 874,700 metric tons from 856,800 metric tons in 2023.

“Zaporizhkox” operates a full technological cycle for the processing of coke-chemical products.

Metinvest is a vertically integrated mining group of companies. Its major shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Greenville Has Resumed Construction of Prostir Residential Complex in Lysynychi

Construction work at the Greenville Prostir residential complex (Lviv Oblast, Lysynychi village, 2 Osvitna St.) has resumed following the resolution of a legal dispute regarding the terms of use of the land plot.

According to the developer’s press office, the dispute centered on the amount of rent for the land plot in Lysynychi. As part of the settlement, the Greenville Group and the Lviv City Council agreed on a new rent amount and a mechanism for compensating the community budget for the difference arising from the previous period of land use.

“As the project’s developer, we took responsibility for finding a solution. It was important for us not to prolong the legal dispute but to find a model that takes into account the interests of the city, the community, and our investors. Today, this issue has been resolved, and we are resuming work on Greenville Prostir,” said project manager Oleg Kozub.

On August 11, the Lviv Regional Commercial Court approved the agreement reached by the parties and closed the case. With the court restrictions lifted, the company was able to resume construction work on the site.

The company’s next step is to restore construction work to full speed and present investors with an updated project timeline.

According to the LUN new-construction portal, the Greenville group of companies, founded in 2007, is carrying out projects in Lviv and Kyiv; since 2010, 45 buildings have been commissioned, and six buildings are currently under construction.

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FAO has lowered its forecast for global grain production in 2026 to 2.98 bln metric tons

Global wheat production in 2026 could decline by 3.8% compared to 2025—to 810.7 million metric tons, according to a forecast by the FAO (Food and Agriculture Organization of the United Nations).

Based on August data, the FAO raised its forecast for the global wheat harvest by 0.5%, but despite this revision, production may still be 3.8% lower than last year’s figure (798.5 million metric tons), according to the report.

The increase in the August forecast is primarily due to upward revisions in estimates for Canada, Morocco, Russia, and Ukraine. These increases more than offset the downward revisions for the EU and the United Kingdom, where a lack of rainfall and high temperatures led to lower yields.

The FAO’s August forecast for the world’s total grain harvest has been lowered by 3.4 million metric tons—to 2.98 billion metric tons—compared to the July level. “Taking into account the latest adjustments, production in 2026 could be 2% lower than last year’s level, which would mark the most significant annual decline since 2018,” the report states.

The revision of the overall forecast is largely due to a 0.6% downward revision of the corn harvest estimate to 1.309 billion metric tons. This is primarily due to worsening harvest forecasts in the EU, where hot and dry weather conditions in key production regions—particularly in France and Poland—have led to a deterioration in crop conditions and reduced expected yields to below the five-year average, according to FAO experts.

In addition, based on the latest official estimates, production forecasts for India and Paraguay have been revised downward. This decline more than offset the upward revisions for Argentina and Brazil, where the 2026 harvest could turn out to be significantly higher than average levels.

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Imports of used passenger cars into Ukraine fell by 9% in August

In August 2026, Ukrainians purchased 20,600 used passenger cars imported from abroad, which is 9% less than in the same month of 2025, according to a report by “Ukravtoprom” on its Telegram channel.

Compared to July of this year, demand for such cars fell by 8.4%.

Gasoline-powered cars accounted for the largest share of this segment of the auto market in August, increasing their share by 4 percentage points compared to August 2025—to 52%.

Next came diesel cars—as in the previous year, their share stood at 17%, while the share of electric vehicles fell to 17% from 26%; however, they still outpaced hybrids, whose share was 11% (6%). The share of cars with LPG systems remained unchanged at 3%.

The average age of imported used cars was 8.7 years.

The Volkswagen Golf confidently tops the list of the ten most popular imported used models with 875 units. Next are the VW Tiguan—775 units, the Nissan Rogue—707 units, the Audi Q5—695 units, the Skoda Octavia—633 units, the Renault Megane—532 units, the Tesla Model Y—494 units, the Tesla Model 3—480 units, the

Nissan Leaf—454 units, and the Ford Escape—408 units.

As reported with reference to “Ukravtoprom,” in 2025, Ukrainians purchased 274,300 used passenger cars imported from abroad, which is 24% more than in 2024. Following the Volkswagen Golf, the top three most popular models included two Tesla electric vehicles—the Model Y and Model 3.

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Dynamics of import of goods in January-February 2026 by the most important items in relation to the same period of 2025, %

Dynamics of import of goods in January-February 2026 by the most important items in relation to the same period of 2025, %