Business news from Ukraine

Business news from Ukraine

Along with gold, platinum and silver also rising in price on global markets

The rapid growth in the price of gold continues on global markets: December futures prices on the Comex exchange rose to $3,965 per troy ounce on Monday

Against the backdrop of rising gold prices, other precious metals are also becoming more expensive.

Platinum added about 0.8%, rising to $1,085 per ounce, on expectations of reduced supply from South Africa.

Silver strengthened by 1.2%, reaching $32.7 per ounce, following the general increase in interest in precious metals.

According to experts, if political uncertainty in the US and the EU persists, gold could consolidate above the $4,000 mark, with silver and platinum continuing to rise moderately in its wake.

Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube channel – https://youtube.com/shorts/DWbzJ1e2tJc?si=9YBue5CS6dz-tA6_

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ARMA is again looking for manager for 25% of shares of Kryukiv Railway Car Building Works

The Asset Recovery and Management Agency (ARMA) has opened a call for proposals for the management of 25% of the authorized capital of PJSC Kryukiv Railway Car Building Works (KVBZ, Kremenchuk, Poltava region), according to the ARMA website.

The agency notes that this stake belongs to Austria’s Capital Management GmbH (controlled by Russian citizen IF-U) and is valued at more than UAH 21.5 million.

The asset was transferred to ARMA for management by decision of the Holosiivskyi District Court of Kyiv in July 2022.

“ARMA invites potential managers to participate in preliminary market consultations and submit their proposals,” the statement said.

As reported, ARMA has repeatedly tried to find a manager for this block of shares in PJSC KVBZ – according to information in Prozorro, the last tender announced in April 2025 did not take place due to the absence of proposals.

According to the National Securities and Stock Market Commission (NSSMC) for the first quarter of 2025, 25% of PJSC KVBZ shares are owned by Estonian companies AS Skinest Finants and Osauhing Delantina, and 20% are owned by Transbuilding Services Limited, registered in England.

KVBZ names the chairman of the supervisory board and president Volodymyr Prykhodko as the main owner.

The plant manufactures passenger and freight cars, regional diesel trains, high-speed interregional locomotive-hauled trains, spare parts, and bogies for freight cars.

In 2024, the plant sold 1,096 freight cars, which is almost 10% more than sales in pre-war 2021. The first 15 passenger cars from contracts for 66 units were also delivered to Ukrzaliznytsia.

Net profit amounted to UAH 81.08 million, compared to a loss of UAH 143.76 million in 2023, with net income growing by 81% to UAH 3.77 billion.

As of the beginning of 2025, the plant employed 3,611 people (compared to 3,946 a year earlier).

 

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Israel donated water purification system to Kyiv Regional Hospital

The Embassy of the State of Israel in Ukraine, together with the Israeli international cooperation agency MASHAV, donated a water purification system to the Kyiv Regional Clinical Hospital No. 2.

The handover ceremony was attended by Michael Brodsky, Ambassador Extraordinary and Plenipotentiary of the State of Israel to Ukraine, Mykola Kalashnyk, Head of the Kyiv Regional Military Administration, Daria Melnyk, Director General of Kyiv Regional Clinical Hospital No. 2, as well as the management and staff of the medical facility.

“The transfer of water purification systems is part of a broader project to assist Ukraine, which Israel began even before the start of the full-scale war,” said Israeli Ambassador Michael Brodsky. “Israel provides comprehensive support to the Kyiv Regional Hospital: its employees underwent rehabilitation training in Israel. We will continue to assist Ukraine. Israel stands with Ukraine. Together, we will overcome all difficulties. When the war in Israel ends, the war in Ukraine will end – and our cooperation will continue.”

Hospital Director Daria Melnyk gave the guests a short tour of the physical rehabilitation department, where patients undergo recovery using methods including Israeli medicine. She noted that MASHAV rehabilitation courses have received positive feedback not only from doctors in the Kyiv region, but also from medical professionals in Bucha and Obukhiv.

“The hospital constantly needs high-quality water. We have many patients who are recovering from injuries for a long time. The donated unit provides filtration of up to 3,000 liters of water per day, which is sufficient for the hospital’s needs,” Melnik said.

The head of the Kyiv Regional State Administration, Mykola Kalashnyk, said that the regional administration plans to build an open rehabilitation area with exercise equipment on the hospital grounds, next to the new water purification unit.

“Such assistance motivates us to move forward. This is important because enemy attacks often lead to power outages. The installation will allow the hospital to have a stable water supply even under such conditions. Thank you for your support, for the equipment, and for the training programs for our medical staff. I wish your people victory as well,” Kalashnik emphasized.

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European regulators warn that crypto assets may be risky

European supervisory authorities (EBA, EIOPA, and ESMA – ESA) are warning consumers that crypto assets can be risky and that legal protection, if any, may be limited depending on which crypto assets they invest in.

As reported on the European Insurance and Occupational Pensions Authority (EIOPA) website on Monday, the warning is accompanied by an information bulletin that explains what the new EU regulation on crypto-asset markets (MiCA) means for consumers. Specific steps are recommended that consumers can take to make informed decisions before investing in crypto assets, such as checking whether the provider is licensed in the EU.

In addition, consumers are advised to familiarize themselves with the product or service and assess the risk before investing, check whether the crypto-asset service provider is licensed in the EU, and ensure that any wallets used to store their crypto-assets are sufficiently secure. These steps are particularly important at a time when consumer interest in such products and services is growing, partly due to aggressive promotion on social media by finfluencers.

According to the information available, from December 2024, the new EU Regulation on Markets in Crypto-assets (MiCA) will apply to certain types of crypto-assets and establish a consistent supervisory regime at both national and European levels for issuers and providers of crypto-asset services across the EU.

OnlyFans models owe the Ukrainian state budget almost UAH 385 million in taxes for 2020–2022

The tax debt of Ukrainian citizens who received income from posting content on the OnlyFans platform in 2020–2022 amounts to UAH 384.7 million as of September 1, 2025. This was reported by the State Tax Service in response to a journalist’s request, as reported by Ekonomichna Pravda; the information has also been confirmed by a number of Ukrainian media outlets.

The tax service clarified that this refers specifically to the tax debt of individuals on income from the service owner Fenix International Ltd for the period 2020-2022; data for 2023 has been received recently and is currently being processed.

It should be noted that the State Tax Service treats the income of Ukrainian residents from OnlyFans as foreign income subject to taxation in Ukraine (income tax and military tax; some authors work as sole proprietors). At the same time, the platform itself pays VAT in Ukraine on electronic services (the so-called “Google tax”): in 2023, the amount of such VAT exceeded $928,000.

Previously, the media raised the issue of conflicts between criminal law provisions on pornographic content and the need for authors to declare their income, but the fiscal authority’s position on the taxation of such income remains unchanged.

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Gold prices hit record highs: investors flee to “safe haven”

The price of gold continues to rise rapidly on global markets: December futures on the Comex exchange rose to $3,965 per troy ounce on Monday, a new historic high. Since the beginning of the year, gold has risen in price by almost one and a half times.

The main drivers of growth were increased demand for safe-haven assets and political instability in the US and Europe.

In Washington, federal agencies have been shut down for six days now, as Congress has been unable to approve a temporary budget. Against this backdrop, investors are pulling their money out of stocks and bonds and putting it into gold, which they see as a safer bet in times of crisis.

Adding to the nervousness is the political crisis in France: Prime Minister Sébastien Lecornu resigned after criticism of the composition of the new cabinet, causing another surge of volatility in European markets.

“We see both fundamental and situational factors for a further rally in gold. If current conditions persist, the price could reach $4,200 per ounce by the end of the year,” UBS analysts predict.

According to experts, if political uncertainty in the US and the EU persists, gold could consolidate above the $4,000 mark.

Earlier, the Experts Club analytical center presented an analysis of the world’s leading gold-producing countries in its video on YouTube — https://youtube.com/shorts/DWbzJ1e2tJc?si=9YBue5CS6dz-tA6_

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