Business news from Ukraine

Business news from Ukraine

Support at every stage: how Ukrnafta is building its work with veterans

Veterans policy is one of Ukrnafta’s strategic priorities. The company is developing a systematic program to support veterans and military personnel with a view to the future.

On the sidelines of the Veterans Reintegration Conference, Serhii Koretskyi, Director of PJSC Ukrnafta, spoke about Ukrnafta’s practical experience in reintegrating defenders into the working environment.

“In total, the company has donated almost UAH 3 billion for the needs of the military. This includes weapons, armored vehicles, drones, pickups, and other equipment,” Serhiy Koretsky noted. ”Of Ukrnafta’s 20,000 employees, almost a thousand have been mobilized. Unfortunately, 43 of our colleagues have died. May their memory live on forever, and may we honor these heroes. More than 500 veterans have returned to work. In other words, the company has extensive experience in this area. It also has the capacity and a sincere desire to help. We must always remember that business must do everything possible to ensure that our defenders feel comfortable in their working environment. I would like to thank the European Bank for Reconstruction and Development, the Ministry of Veterans Affairs of Ukraine, the Ministry of Economy of Ukraine, and Korn Ferry for drawing attention to this important issue. I would also like to thank my colleagues who are creating a space adapted for veterans.

Ukrnafta’s main principle is to support veterans and military personnel at every stage. Salaries are paid on time. The company takes care of mobilized colleagues and their families by providing legal, psychological, and rehabilitation support. It helps its partner units. In fact, it acts as a patronage service.

Ukrnafta veterans are given the opportunity to retrain if necessary.

For veteran businesses, the company offers the opportunity to join the UKRNAFTA network, the largest single-brand network of gas stations in Ukraine.

Ukrnafta is Ukraine’s largest oil producer and operator of a national network of gas stations. In March 2024, the company took over the management of Glusco’s assets and now operates a total of 546 gas stations, 462 of which it owns and 84 of which it manages.

The company is implementing a comprehensive program to restore operations and upgrade the format of its network of gas stations. Since February 2023, it has been issuing its own fuel vouchers and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a 50%+1 share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer the corporate rights of the company, which were owned by private owners and are currently managed by the Ministry of Defense, to the state.

Source: https://interfax.com.ua/news/press-release/1070512.html

 

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Ukrainians’ attitude towards Czech Republic: stable positive perception with partial neutrality

The Czech Republic maintains a positive image among Ukrainians, demonstrating a balance of support, sympathy, and stability in public perception. These data were obtained from a survey conducted by the sociological company Active Group in May 2024 in partnership with the analytical center Experts Club.

According to the survey, 61.7% of Ukrainians expressed a positive attitude toward the Czech Republic: 42.4% — mostly positive, and another 19.3% — completely positive. Only 3.9% of respondents had a negative attitude (3.4% mostly negative, 0.6% completely negative). 32.1% of those surveyed took a neutral position, and another 2.2% were unable to answer.

“The Czech Republic has consistently provided support to Ukraine in the political, humanitarian, and everyday spheres. At the same time, its image is not overly emotional or polarized, hence the significant share of neutral perceptions,” explained Oleksandr Pozniy, co-founder of Active Group.

This indicates a high level of trust on the part of Ukrainians, which could serve as a basis for further strengthening the strategic partnership.

The presentation of the study is available at the link.

 

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Profit of Kostopil Glassware Plant fell 6.6 times in 2024

A major manufacturer of glass containers, Kostopil Glassworks (KGS, Rivne region), ended 2024 with a net profit of UAH 76.5 million, which is 6.6 times less than in 2023.

According to the company’s financial report published in the National Securities and Stock Market Commission’s disclosure system, its net income decreased by 18% to UAH 1 billion 467.8 million.

The company received UAH 100.9 million in profit from operating activities (6.2 times less), and gross profit decreased threefold to UAH 235.3 million.

The company’s main products are beverage containers (91% of last year’s production), with bottles accounting for 9%.

Production amounted to 360.449 million pieces (64.44 thousand tons) worth UAH 1 billion 458.8 million, with an average selling price of UAH 22.63 thousand per tonne excluding VAT.

According to the plant, 51% of the products sold last year (755.3 million UAH) were exported, in particular to Poland, Hungary, Romania, Bulgaria, Slovakia, Moldova, Lithuania, Latvia, and Estonia.

The main consumers were Trade pol (20% of total revenue), Varda drink (7%), Group AWW Spolka (5%), as well as Yuria-Farm (7%) and Alko-Trading (5%).

The main suppliers of raw materials and goods for the glass factory were Papernyansky Glass Sand Quarry, Yug-Trading-Group, Glass-Alliance, EK Silend, UkrYugimpex, Naftakhim, Lutskkarton, and the Kyiv Cardboard and Paper Mill. Soda was supplied by the Polish company Ciech S.F., and field spar was supplied by the Turkish company Sankar Global.

The report notes that Kostopil Glassworks is one of the largest industrial enterprises in the Rivne region and is one of the five largest manufacturers of glass containers in Ukraine.

The plant lists Vilnohirsk Glass and Vetropack Gostomel Glassworks as its main competitors in Ukraine.

“In order to maintain its competitive position in the glass container market in Ukraine and abroad, the plant is investing heavily in development. In particular, to minimize its own energy consumption, a rooftop solar power plant worth UAH 34.2 million was commissioned in June 2023,” the report says.

KZS reports that it plans to increase glass container production by 10-15% annually and increase sales accordingly.

As of early 2025, the plant employed 503 people.

According to YouControl, the chairman of the Federation of Employers of Ukraine, Dmytro Oliynyk, owns 19.46% of KZS LLC, his family members Tetiana, Kyrylo, and Ivan Oliynyk own 16.27% and 6.9% respectively, another 22% belongs to the Bulgarian company Fisherman Investments, and 9.06% belongs to Andrii Rybitsky.

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Ukrainians’ attitude toward Netherlands: high sympathy and almost no criticism

The Netherlands is firmly establishing itself among the top countries that Ukrainians consistently support and view positively. This is evidenced by the results of a sociological survey conducted by Active Group in April 2025 in collaboration with the information and analytical center Experts Club.

According to the survey, 70.5% of Ukrainians have a positive attitude toward the Netherlands (41.3% — mostly positive, 29.2% — completely positive). Only 2.2% of respondents gave a negative assessment (2.1% — mostly negative, 0.2% — completely negative). Another 24.9% of respondents chose a neutral position, and 2.4% were unable to answer.

“The Netherlands maintains its image as a democratic, open, and progressive country that consistently supports Ukraine in European and international institutions. This is what shapes such a positive attitude,” said Maxim Urakin, founder of the Experts Club.

Thus, the Netherlands is perceived by Ukrainian society as a reliable partner and an example of a successful European development model.

The presentation of the study is available at the link.

 

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“Forests of Ukraine” to centralize purchases worth UAH 3.1 bln in 2025

The state-owned enterprise “Forests of Ukraine” has planned centralized purchases of fuel, electricity, specialized equipment for forest protection, and infrastructure construction services worth over UAH 3.1 billion for 2025, the press service of the state-owned enterprise reported.

Lisy Ukrainy specified that in 2025, UAH 207 million will be allocated for the purchase of special vehicles for forest protection and IT equipment and software, UAH 590 million for special equipment and components, UAH 872 million for the construction and development of infrastructure, UAH 1.15 billion for fuel and energy resources, and other expenses – UAH 174 million.

The state-owned enterprise said that this year it had improved its procurement system and introduced performance analysis and internal rating.

In addition, in March, the team responsible for procurement at State Enterprise “Forests of Ukraine” was renewed. Its head, Mykhailo Stayetsky, previously worked at Ukrposhta. The new team’s goal is to increase the efficiency and transparency of procurement, optimize the company’s expenses, and ensure the implementation of the investment program and key initiatives.

“Category managers study and coordinate the internal needs of the enterprise and the external market conditions in which they can be met. To this end, they conduct pre-tender market consultations with manufacturers, importers, official dealers, and major players in the goods and services markets. They formulate procurement conditions that allow a wider range of participants to be invited to tender for the timely and high-quality satisfaction of the company’s needs at an optimal price and without additional risks,” explained the State Enterprise ”Forests of Ukraine.”

The state-owned enterprise drew attention to its updated procurement page. It will feature announcements of open meetings and consultations with potential participants in the most complex and unusual procurements, where their external expertise of suppliers will determine the final terms of the tender.

A separate role has been introduced in the electronic procurement system for internal monitoring of procurement by regional offices, providing them with practical and methodological assistance to improve efficiency.

This will allow for faster identification of weaknesses, implementation of uniform approaches to the preparation of tender documentation, and application of best practices in preventing violations of public procurement legislation,” according to Lisy Ukrainy.

At the same time, the state-owned enterprise will establish procedures and criteria for internal ranking of procurement officers in regional offices. This will motivate the strongest members of the team and support and develop those who are striving to catch up with the leaders.

“This practice has proven itself at Ukrposhta, resulting in the centralization of the procurement team, which has consistently shown excellent results in procurement year after year (2nd place in the 2024 customer index),” Staietsky concluded.

Ukrainians’ attitude toward Germany: high trust despite criticism in past

Germany remains among the countries toward which Ukrainians feel deep sympathy, despite some criticism in the early stages of the war. This is evidenced by the results of a public opinion poll conducted by Active Group in April 2025 in cooperation with Experts Club.

According to the data, 68.8% of respondents have a positive attitude toward Germany (45.0% — mostly positive, 23.7% — completely positive). A negative assessment was given by 6.7% of Ukrainians (5.8% mostly negative, 0.9% completely negative). Another 22.4% of respondents expressed a neutral attitude, and 2.1% abstained from answering.

“Attitudes toward Germany demonstrate a transformation in public opinion: from skepticism to gratitude for military and financial assistance, as well as for accepting the largest number of refugees. These processes intensified significantly in 2023–2024,” commented Alexander Pozniy, co-founder of Active Group.

The study also highlights growing trust in partners who have confirmed their support with real actions over time.

The study can be found at the link.

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