Business news from Ukraine

Business news from Ukraine

Number of raiding cases in Ukraine has decreased by 36%

According to the Prosecutor General’s Office, 168 raiding cases were recorded in Ukraine in the first eight months of 2025. This is 36% less than in the same period last year. 80% of cases involve document forgery. At the same time, 830 complaints of raiding were considered during the same period, according to the Office for Combating Raiding.

168 criminal proceedings for raiding were opened this year. This is 36% less than during the same period last year. While in 2024, an average of 33 cases were opened each month, this year there were only 21. Overall, the number of raiding cases has decreased 3.4 times in four years.

The vast majority of proceedings involve document forgery (Article 205-1 of the Criminal Code). This year, 134 such cases were opened, or 80% of the total number. Suspicions were handed down in less than half of the cases (62), and only 40% (53) were sent to court.

There were 23 proceedings registered for obstruction of economic activity (Article 206 of the Criminal Code), which is 42% less than last year. However, no charges were brought and no cases were brought to court.

Even fewer cases were opened for unlawful seizure of enterprise property (Article 206-2) — only 11, which is more than half the number last year. Charges were brought in only one case, and no cases were brought to court.

At the same time, the Office for Combating Raiding, where victims file their complaints, reviewed 830 appeals during the same period. However, this is also 40% less than last year.

Most complaints concerned real estate — 676 (81%), while another 154 cases were related to business. It is worth noting that there were 43% fewer complaints about illegal seizure of real estate this year. As for business, complaints decreased by 15%.

While in 2024 most complaints were filed by businesses, this year the situation has changed. In 2025, half of the complaints were filed by individuals (411). Companies filed 232 complaints (28%), local authorities filed 162 (20%). The rest of the complaints were filed by state authorities and registration entities.

The vast majority of complaints (818 out of 830) were considered collegially. Of these, 247 were upheld (30%), 243 were rejected (30%), and 328 were left without consideration (40%). Ten complaints regarding businesses and two regarding real estate were upheld by individual decisions this year.

https://opendatabot.ua/analytics/raiders-2025

 

Kovalska expands its expertise and enters architectural services market

The Kovalska Group is establishing its own architectural and engineering studio and moving to a full design cycle using its own resources, according to the company’s press service.

“Previously, our team supervised and coordinated the work of external architects and designers, but now we will be developing projects from start to finish — from the initial sketch to the interior design. It is important for us that the architectural solution for each project reflects the high standards and style of Kovalskaya,” said Olga Pylypenko, executive director of the group.

The new architectural and engineering structure of the Kovalskaya Group brings together architects, engineers, designers, and constructors. The new division will provide a full design cycle: from concept to working documentation. Kovalskaya’s architecture and engineering services are now also available to external clients.

As noted in the release, in order to further strengthen its internal expertise and integrate best international practices into its projects, Kovalskaya will continue to collaborate with leading architectural studios around the world — no longer just as a customer, but as an equal partner in joint project development. Current partnership projects include the revitalization of the historic building of the former Kyiv Distillery in collaboration with David Chipperfield Studio and the NUVO business park, which is being created together with the Dutch firm MVRDV.

Among Kovalskaya’s own projects is the design of the group’s new plant in Rozvadov. According to Serhiy Grabars, chief architect of the Kovalskaya Group, the team focuses on leading global examples of architecture and implements the principles of sustainable development, taking into account both modern technologies and local characteristics.

The Kovalskaya Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw material extraction, production, and construction. Its products are represented by the brands “Beton vid Kovalskoi,” “Avenue,” and Siltek. Kovalskaya’s enterprises operate in the Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in the Kherson region has not been operating since the beginning of the occupation.

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Foreign Minister: Countries that even covertly support Russian aggression will not be able to purchase Ukrainian weapons

Ukrainian Foreign Minister Andriy Sybiga said that the Foreign Ministry will play a role in relation to potential partners in the controlled export of Ukrainian weapons.

“Support for our defense industry is an absolute priority for our diplomacy. It includes three priorities. The first is more investment. The second is support for the president’s initiative on the possibility of exporting surplus products from our defense industry,“ Sybiga said during his opening remarks at the third International Defense Industry Forum (DFNC3) on Monday.

According to Sybiga, the Foreign Ministry ”will play its role here with regard to potential partners.”

“Those countries that today take a passive position on supporting Ukraine, that provide covert or overt support for Russian aggression, will certainly not be included in the list of partners who will be able to cooperate with Ukraine and Ukrainian companies in this area,” the head of the ministry said.

The third priority of the Foreign Ministry in supporting the Ukrainian defense industry, Sibiga added, is “to create a real multiplier effect from our weapons.” In particular, this refers to the creation of jobs for Ukrainian citizens in Ukraine.

“This, by the way, is also our integration into the European Union. The latest Eurobarometer says that it is precisely because of our contribution to security that we are most eagerly awaited as a future member of the EU,” the minister added.

https://interfax.com.ua/news/diplomats/1110142.html

 

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Last week, NBU reduced its sale of dollars on interbank market by $227.2 million – review

The National Bank of Ukraine (NBU) reduced its sales of dollars on the interbank market by $227.2 million, or 40.6%, to $332.6 million last week, the lowest level since mid-April, according to statistics on the regulator’s website.

According to the NBU, it even managed to purchase $1.5 million, which is also the best result since mid-April this year.

According to the National Bank, during the first four days of last week, the average daily negative balance of currency purchases and sales by legal entities fell to $11.8 million from $49.6 million during the same period a week earlier, totaling only $47.3 million. Moreover, on September 29, for the first time in a long time, a positive balance of $49.8 million was recorded.

At the same time, on the cash market, on the contrary, there was a significant increase in currency purchases by the population, as a result of which the negative balance grew to $132.28 million from $34.6 million on Saturday-Thursday. This result is also due to the fact that, after a break of almost a month, purchases of non-cash currency exceeded sales on Tuesday-Thursday.

The official hryvnia-to-dollar exchange rate, which started last week at 41.3811 UAH/$1, strengthened to 41.1420 UAH/$1 in two days, but fell to 41.2286 UAH/$1 by the end of the week.

On the cash market, the dollar exchange rate over the past week followed the official rate, so overall it remained virtually unchanged for the week: buying was around 41.22 UAH/$1, and selling was around 41.30 UAH/$1.

“In the short term (1-2 weeks): the base corridor is 41.20-41.70 UAH/$1 with possible fluctuations and a tendency towards the upper limit. Medium term (2-3 months): 41.30-42.00 UAH/$1,” according to the forecast for the cash market exchange rate provided by experts from KYT Group, a major player in the cash currency exchange market.

They noted that spreads on the cash market remain stable (0.40-0.50 UAH/$), which reflects the controllability of the market and the absence of sharp imbalances that could radically change the market situation.

“The NBU’s reserves remain high, which guarantees the regulator has the resources to smooth out fluctuations. Demand for the dollar from the population is restrained, and import payments, like the behavior of the population, do not create a critical burden,” KYT Group believes.

As for the international context, experts believe that after the Fed’s actual rate cut in September, markets have already priced in a “cheaper” dollar, and now the focus is on the Fed and ECB’s further actions until the end of the year, which will be triggered by macro data (inflation, labor market, etc.).

“Long term (6+ months): the baseline scenario of a gradual devaluation of the hryvnia remains. The benchmark is 43.00-44.50 UAH/USD until mid-2026,” KYT Group said in a comment.

https://interfax.com.ua/news/projects/1108372.html

 

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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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