Business news from Ukraine

Business news from Ukraine

KSG Agro received $1.5 mln gross profit in IQ-2025

KSG Agro has earned $1.5 million in gross profit in January-March 2025, according to the agroholding’s report published on the Warsaw Stock Exchange.

According to the report, operating profit for the same period was $1.3 million, EBITDA was $1.7 million and sales revenue was $4.3 million.

“In the ultra-tough war conditions, thanks to the continued implementation of the vertically-integrated holding company’s development strategy and the implementation of a quality risk management system, we have maintained profitable operations in two strategically important areas – crop production and pork production. Taking into account the rapid changes in the situation during the war, we regularly stress-test our business model and adjust our activities in accordance with changes in the agricultural market,” emphasized the Chairman of the Board of Directors of KSG Agro Sergey Kasyanov, whose words are quoted in the message.

Vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sale of grains and oilseeds. Its land bank in Dnepropetrovsk and Kherson regions amounts to about 21 thousand hectares.

According to KSG Agro, it is among the top five pork producers in Ukraine. In 2023, the agroholding began to implement a strategy of “network centricity”, under which it will move from the development of a large location to a number of smaller and located in different regions of Ukraine pork enterprises.

 

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KSG Agro started harvesting campaign-2025, which will be carried out on area of more than 7.6 thousand ha

Farms of KSG Agro Holding have started summer harvesting campaign on a total area of more than 7.6 thousand hectares – 6.428 thousand hectares of winter wheat and 1.176 thousand hectares of spring barley, the press service of the company reported.

Head of the crop division of the agroholding Vladimir Kalilei noted that the harvest is taking place in difficult drought conditions, which are characterized by the lack of sufficient moisture and high temperatures at the time of grain pouring.

“The current harvesting campaign is already the fourth since the beginning of the large-scale war. However, thanks to the continued implementation of the development strategy of the vertically integrated holding and the introduction of a quality risk management system, we are working effectively in the crop segment, realizing that the food security of the country depends on our performance,” – said the head of the Board of Directors of KSG Agro Sergey Kasyanov, whose words are quoted in the message.

In the summer harvesting campaign of the agricultural holding, which is scheduled to be completed by the end of July, 18 combines John Deere and Claas Lexion, as well as 60 trucks are involved.

KSG Agro, a vertically integrated holding company, is engaged in pig breeding, as well as in the production, storage, processing and sale of grain and oilseeds. Its land bank in Dnepropetrovsk and Kherson regions amounts to about 21 thousand hectares.

According to KSG Agro, it is among the top five pork producers in Ukraine. In 2023, the agroholding began implementing a strategy of “network-centricity”, under which it will move from the development of a large location to a number of smaller and located in different regions of Ukraine pork enterprises.

 

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Forward contracts on timber market in Ukraine have confirmed effectiveness of this model

KYIV. July 2, 2025 – In the first half of 2025, the fulfillment rate of forward contracts on the Ukrainian Universal Exchange (UUE) reached 97.2%, which confirms the effectiveness of this instrument in the timber market. According to the exchange, out of 351 thousand cubic meters of unprocessed timber stipulated in the contracts, 341.16 thousand cubic meters were actually delivered.

The contracts were signed at the end of 2024 with the delivery period from January to June 2025. In total, sales were made under 55 forward agreements in more than ten regions of Ukraine.

According to Serhiy Gladkyi, Director of the Ukrainian Wholesale Exchange, such results demonstrate high discipline of bidders and trust in exchange mechanisms:

“Forward contracts allow market participants to plan logistics, production and finances six months in advance. The high level of execution confirms the effectiveness of long-term contracts,” he emphasized.

A key element of the system is the guarantee fee, which ensures the financial responsibility of the parties and minimizes the risks of default.

According to the exchange, this level of fulfillment is also evidence of the maturity of the market and the effectiveness of exchange instruments in the timber segment.

 

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“Zaporizhstal” increased rolled steel output by 6.8% over six months

In January-June this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 6.8% year-on-year to 1 million 317.5 thousand tons from 1 million 233.5 thousand tons.

According to the plant’s press release on Tuesday, steel production for the period amounted to 1 million 564.1 thousand tons (1 million 486.4 thousand tons in January-June 2014), and pig iron production amounted to 1 million 719.4 thousand tons (1 million 527.3 thousand tons).

In June, Zaporizhstal produced 292.5 thousand tons of iron, 267.5 thousand tons of steel, and 220.4 thousand tons of rolled products.

As reported, in 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023 – to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, steel – by 17.2% to 2 million 890.8 thousand tons, pig iron – by 14.2% to 3 million 106.3 thousand tons.

“In 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.

“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.

“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).

Metinvest Holding LLC is the management company of Metinvest Group.

 

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Court decisions against corrupt officials increased by 37% in 2025

In 97% of cases, corrupt officials receive only a fine

More than 2,000 court decisions against corrupt officials have already been issued this year, according to the Unified State Register of Persons Who Committed Corruption or Corruption-Related Offenses. This is 37% more than last year, but still less than before the start of the great war. In 97% of cases, corrupt officials get off with a fine. And the most common offense is violation of financial control: officials either fail to file declarations or file them with errors.

In the first five months of 2025, 2032 decisions were made by courts in corruption cases. The number of decisions increased by 37% over the year. However, this is still less than in the same period in 2021.

The number of decisions has been gradually increasing after a large decline following the start of the full-scale campaign in 2022-2023. Back then, filing declarations was optional and deferred, and the annual number of decisions decreased by almost three times. Almost 5,000 decisions were issued by the courts after the mandatory filing of declarations was reintroduced in 2024. By the way, declarations for previous years had to be filed then as well, if they had not been done before.

Courts in Vinnytsia region are the most active in punishing corruption offenses – they have already issued 182 decisions, which is 9% of the total. This is followed by Odesa (168), the leader of previous years – Lviv (147), as well as Dnipro (116) and Kyiv (115) regions.

More than 73% of all decisions this year relate to violations of financial control requirements – 1487. In other words, officials do not submit or submit their declarations with violations. Over the year, the number of such decisions has increased 5 times – probably, declarations accumulated in previous periods were checked. Instead, the number of decisions on bribery almost halved to 347. And the courts punish violations related to conflicts of interest almost 80% less often. This year, it is only 70 decisions.

In the overwhelming majority of cases – 97% – corrupt officials are fined. Only 44 people received actual prison terms. The amount of fines depends on the violation and varies considerably: from 850 UAH to 680 thousand UAH. The same applies to prison terms for corruption: from 1 to 10 years.

So far this year, the largest fine has been imposed on a graduate student of a music academy in Kyiv who offered foreign students assistance with admission, training, and thesis defense for a fee. He was fined UAH 680,000 for this.

At the same time, a military serviceman in Sumy region received the longest prison term for corruption. The sergeant was responsible for logistics and, having received a night vision device and a thermal imager for his report, decided to misappropriate it and then sell it. For this, the court sentenced him to 10 years in prison.

Context.

It is worth noting that a person who enters the Corrupt Practices Register is entered there for life. However, there are several grounds for removing data from the registry:

  • reversal or justification of a court decision,
  • cancellation of a resolution,
  • participation in defense of the state during the war in any military unit, etc.

In other cases, a person’s data will remain in the Register forever, even if it is a minor violation, such as that of a civil servant who once filed a late declaration.

However, recently, the European Court of Human Rights (ECHR) in the case of Sytnyk v. Ukraine, application No. 16497/20 of April 24, 2025, made a resonant decision in favor of the applicant and found Ukraine guilty of violating human rights. Thus, the court ruled that the applicant’s lifelong inclusion in the Corrupt Practices Register and the “labeling of a corrupt official” in this case constituted an interference with his right to respect for private life: it damaged his professional and public reputation, undermined confidence in his professional efforts and achievements, and called into question his moral values.

Currently, the President is signing a draft law that would limit the stay of officials with administrative offenses related to corruption in the Register of Corrupt Officials for 1 year.

https://opendatabot.ua/analytics/corrupted-officials-2025