Business news from Ukraine

Business news from Ukraine

Cabinet of Ministers of Ukraine dismissed head of Agency for Asset Recovery and Management

The Cabinet of Ministers of Ukraine dismissed the head of the Agency for Asset Recovery and Management (ARMA) Elena Duma.

As Prime Minister Yulia Sviridenko reported on Telegram, the decision was made at a government meeting on Wednesday.

“Yesterday, I appealed to President Volodymyr Zelenskyy with an initiative to completely restructure the Agency for Asset Recovery and Management. The president supported the government’s plan. Today, at a meeting of the Cabinet of Ministers, the head of the agency was dismissed. I gave instructions to urgently launch a new competition. The competition commission will include representatives of the government and international partners who support Ukraine in the fight against corruption,” she wrote on Telegram.

Svyrydenko stressed that the main task is to ensure that all seized assets, assets of sanctioned individuals, and property belonging to the Russian Federation are used to the maximum extent possible for the defense and stability of Ukraine.

Earlier on Wednesday, Duma said he had written a letter of resignation from his post as head of ARMA and asked the government to accept it.

In turn, the head of the parliamentary committee on anti-corruption policy, Anastasia Radina (Servant of the People faction Servant of the People faction) admitted that although Duma was formally dismissed at his own request, his resignation may be related to the entry into force of the law on ARMA reform, which gives the government the right to dismiss the current head for ineffective work.

As reported, on July 27, President Volodymyr Zelensky signed a law on ARMA reform.

 

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Scientist from Filatov Institute in Odessa has joined team of experts at international Vision Academy

Professor Andrey Korol, a scientist at the Filatov Institute of Eye Diseases and Tissue Therapy, has joined the team of experts at the international community of ophthalmologists, Vision Academy.

“This is an important event for the Ukrainian medical community, demonstrating its deep integration into the international scientific community. Professor Korol’s inclusion in the Vision Academy’s team of experts is a high recognition of his professionalism, scientific activity, and leadership in the field of modern ophthalmology,” the institute said.

Professor Korol is a specialist in retinal diseases, head of the department of laser research and application in ophthalmology, and acting deputy director for scientific work at the Filatov Institute of Eye Diseases and Tissue Therapy.

Vision Academy is an international expert community that brings together leading ophthalmologists from around the world. Its goal is to create a platform for the exchange of knowledge, experience, and best practices in ophthalmology, especially in the field of retinal diseases.

Vision Academy facilitates professional communication between experts from different countries, the development of consensus recommendations for the management of complex clinical cases, the creation of educational materials and publications, and support for patient-oriented scientific research and clinical practice.

The community is led by leading ophthalmologists Professor Jean-François Korobelnik (France) and Professor Anat Loewenstein (Israel).

 

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Nova Poshta placed G series bonds worth UAH 1 bln

Nova Poshta, the leader in express delivery in Ukraine and part of the Nova Group, has fully placed G series bonds with a total nominal value of UAH 1 billion.

The National Securities and Stock Market Commission (NSSMC) approved the corresponding bond issue report on July 22, 2025.

The nominal value of the bonds is UAH 1,000, and other parameters of this closed issue have not been announced.

As reported, in April 2024, Nova Poshta registered issues of Series E and F bonds worth UAH 1 billion, with maturities on July 29 of this year and May 31, 2026, respectively. The nominal yield on these bonds is set at 17% and 16% per annum, respectively.

In January this year, Nova Poshta already redeemed Series D bonds issued in April 2023 in the amount of UAH 800 million.

In May this year, the NSSMC approved the placement of two new issues of Nova Poshta bonds – series G and H with a nominal value of UAH 1 billion each. The placement will be carried out without a public offering. The company has declared that the funds raised will be used to develop its terminal network (35%), invest in IT (15%), BDF containers and motor vehicles (30%), and packaging for parcels (20%).

According to Nova Poshta’s financial report for the first quarter of 2025, its net consolidated revenue increased by 20.7% compared to the first quarter of last year, to UAH 14.3332 billion, while net profit decreased by 21.4%, to UAH 567.7 million.

The main activity of Nova Poshta remains the express delivery of documents, parcels, and palletized large-size cargo. The company is the leader in express delivery in Ukraine. Its ultimate beneficial owners are Volodymyr Poperechnyuk and Vyacheslav Klimov.

 

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NBU fines SK Persha

The National Bank of Ukraine has fined SK Persha (Kyiv) UAH 2.557 million for violating consumer protection laws for financial services, as defined by the Civil Code of Ukraine and the laws “On Electronic Commerce,” “On Insurance,” and “On Financial Services and Financial Companies.” According to the NBU website, this decision was made by the Committee for Supervision and Regulation of Non-Bank Financial Services Markets on July 28, 2025, following a scheduled inspection of the company.

In addition, the insurer was fined UAH 320,000 for violating the requirements of the Rules for the preparation and submission of reports by participants in the non-bank financial services market to the NBU.

SK Persha received a written warning about the violation of the requirements of: the Law “On Compulsory Insurance of Civil Liability of Owners of Land Vehicles,” the NBU Resolution “On the Regulation of the Activities of Participants in the Non-Bank Financial Services Market, Non-Bank Financial Groups, Participants in the Payment Market, Collection Companies, and Legal Entities Licensed to Provide Cash Collection Services to Banks” (as amended), as well as the provisions on insurance secrecy and the specifics of concluding insurance contracts with consumers.

It is noted that IC Persha is obliged to pay the fines within one month from the date of entry into force of the decision and to eliminate the violations set out in the written warning by November 28, 2025.

Persha Insurance Company has been operating in the Ukrainian insurance market since 2001. The company specializes in motor insurance. The company is a member of the MTIBU, the League of Insurance Organizations of Ukraine, and the National Insurer of International Road Transport Documents (TIR).

 

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Foreign direct investment in China plummeted by 15% in first half of year

Foreign direct investment (FDI) in mainland China’s economy fell by 15.2% in the first half of the year compared to the same period last year, to 423.23 billion yuan ($59 billion), according to the Ministry of Commerce.

The manufacturing sector attracted 109.06 billion yuan, while the service sector attracted 305.87 billion yuan.

At the same time, FDI from ASEAN countries grew by 8.8% in January-June, from Switzerland by 68.6%, from Japan by 59.1%, from the UK by 37.6%, from South Korea by 2.7%, and from Germany by 6.3%.

As reported, FDI fell by 27.1% in 2024 to 826.25 billion yuan. This is the largest decline in the history of calculations (since 2008).

 

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ATB’s turnover for first half of year increased by 20% to UAH 139 bln

The turnover of the ATB retail chain during the first six months of 2025 grew to UAH 139.39 billion (including VAT and excise tax), which is 19.8% higher than in the same period of 2024, according to the company’s press service.

It is also noted that in the first half of 2025, the companies of the ATB group paid UAH 18.02 billion in taxes and fees (including customs payments and social security contributions), which is 35.9% higher than in the first half of 2024. Of this amount, UAH 12.16 billion was transferred to the state budget (last year – UAH 8.68 billion). Local budgets received UAH 3.81 billion, and UAH 2.05 billion was transferred to special-purpose funds.

The corporation’s flagship enterprise, ATB-Market2 LLC, paid taxes and fees totaling UAH 14.35 billion during the first half of the year. Of this amount, UAH 9.52 billion was transferred to the state budget, local budgets received UAH 3.21 billion, and special-purpose funds received UAH 1.62 billion.

ATB Corporation is an association of large Ukrainian companies operating in retail trade, asset management, food production and sales, and sports and leisure services.

According to YouControl, the ultimate beneficiaries of the corporation are Yevgeny Yermakov, Viktor Karachun, and Gennady Butkevich.

As of early 2024, the ATB chain had over 1,200 stores. Its enterprises employ over 56,000 people.

 

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