Business news from Ukraine

Business news from Ukraine

Kyiv plans to significantly increase public transportation fares

Kyiv plans to update public transportation fares: a single trip will cost 30 UAH, according to the press service of the Kyiv City State Administration (KCSA), which noted that a discount system will be in place for passengers who regularly use public transportation.

As reported on the KCSA’s Telegram channel on Monday, the cost of a single trip will depend on the number of trips purchased on the transit card. Thus, when purchasing 1–9 trips, the fare will be 30 UAH; 10–19 trips – 28.90 UAH; 20–29 trips – 27.80 UAH; 30–39 trips – 26.60 UAH; 40–49 trips – 25.50 UAH; 50 trips – 25 UAH.

Monthly passes are also available, with the cost of a single trip amounting to approximately 23.3–23.6 UAH. Discounted rates remain in place for students and schoolchildren: students will pay 50% of the monthly pass price; schoolchildren will ride for free during the school year and with a 75% discount in the summer.

Separately, there are plans to introduce a transfer ticket for 60 UAH, which will allow unlimited transfers between the metro and surface transit within 90 minutes.

The press service noted that fares in the capital have not been revised since 2018. The need to update fares is attributed to rising costs for electricity, fuel, labor, and maintenance of transportation infrastructure.

The new fares are scheduled to take effect on July 15, 2026, following the completion of regulatory procedures, as well as consultations with the public and labor unions.

As previously reported, starting January 1, 2022, Kyiv planned to raise public transit fares to 20 UAH, and to 12 UAH for holders of the Kyiv City Card.

In late 2021, Kyiv Mayor Vitali Klitschko assured that public transportation fares would not increase until the end of the heating season.

In 2023, Kyiv city officials stated that they do not intend to raise public transportation fares until the end of the war.

In September 2025, Mayor Klitschko stated that despite the fact that public transportation in Kyiv is subsidized, the city is looking for ways to avoid raising fares.

 

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Insurer “KD Life” to Allocate Over 3 Million UAH for Dividends

The General Meeting of Shareholders of Insurance Company “KD Life” (KD Life) on April 29, 2026, resolved to pay dividends for 2025 in the amount of UAH 3.171 million, the company reported in the NSSMC’s information disclosure system.

As noted, the payment will be made in the amount of UAH 88.054 per share. It will be made within six months from the date of this decision.

According to the NBU, KD Life collected UAH 81.03 million in insurance premiums in 2025, made UAH 14.4 million in payments, and reported a net profit of UAH 3.338 million.

KD Life is a Ukrainian company founded in 2007 by the KD Group holding company.

KD Group is a leader in the Eastern European financial market, with nearly 130 years of experience in life and risk insurance, financial management, and investment funds. Currently, the company’s services are provided by over 3,000 consultants throughout Ukraine.

 

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Main buyers of Ukrainian cable products Hungary and Poland

The value of Ukraine’s exports of insulated wires and cables, including fiber-optic cables, increased by 6% in January–April 2026 compared to the same period in 2025, reaching $488.8 million.

According to statistics from the State Customs Service, Germany remained the largest importer of Ukrainian products, just as it was last year, with shipments to that country rising by 5% to $168.4 million. Its share of total exports of these products decreased slightly to 34.5%.

As in January–April 2025, the top three importers also included Hungary—$80.4 million, or 16.5%—and Poland—$80 million, or 16.4%.

In April, exports of these products rose by 3.6% compared to April 2025, reaching $125.6 million.

As reported, according to the State Customs Service, in 2025 Ukraine increased exports of insulated wires and cables by 10.6% compared to 2024—to $1.41 billion.

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Ukraine increased manganese ore exports by 2.8 times in April

In April of this year, Ukraine increased its manganese ore exports by 2.8 times compared to the previous month—from 1,932 thousand tons to 5,319 thousand tons.

According to statistics released by the State Customs Service (SCS), a total of 17,876 metric tons of manganese ore were exported over the first four months of this year, whereas exports were virtually nonexistent during the same period last year (22 metric tons worth $2,000).

At the same time, in March of this year, Ukraine reduced manganese ore exports by 3.1 times compared to the previous month—to 1,932 thousand tons from 6,072 thousand tons—and by 2.4 times compared to January, when 4,553 thousand tons were exported.

In monetary terms, $2.039 million worth of this raw material was exported in January–April.

Exports were shipped to Slovakia (82.50% of shipments in monetary terms) and Georgia (17.50%).

In January-April of this year, Ukraine did not import manganese ore, just as it did last year.

As reported, Ukraine reduced manganese ore exports by 50.4% in 2025 compared to the same period last year—to 22,281 thousand tons—but ramped up shipments in August–December. While shipments for the first seven months of 2025 totaled 2,977 thousand tons, exports more than doubled in August, when 5,037 thousand tons were shipped; in September, they amounted to 1,725 thousand tons; in October – 3,993 thousand tons; 3,860 thousand tons in November, and 4,689 thousand tons in December.

In monetary terms, exports for the entire year 2025 fell by 45.2% compared to 2024—to $3.599 million. The bulk of exports went to Slovakia (99.22% of shipments in monetary terms) and Poland (0.78%). During this period, the country imported 37,006 thousand tons from Ghana worth $5.546 million; all shipments took place in November. In 2024, 84,293 thousand tons of ore were imported worth $18.302 million.

The Pokrovsk Mining and Processing Plant (PGZK, formerly the Ordzhonikidze Mining and Processing Plant) and the Marganetsk Mining and Processing Plant (MGZK, both in Dnipropetrovsk Oblast), which are part of the Privat Group, ceased the extraction and processing of raw manganese ore in late October–early November 2023, while the NZF and ZZF plants halted ferroalloy smelting. In the summer of 2024, the ferroalloy plants resumed production.

PGZK and MGZK did not produce any output in 2024, whereas in 2023, PGZK produced 160,310 tons of manganese concentrate, while MGZK was idle.

In 2025, PGZK produced 63,900 tons of manganese concentrate worth UAH 342.138 million and sold 25,400 tons worth UAH 216.309 million. In 2026, the plant plans to increase manganese concentrate production by 3.44 times compared to the previous year—to 220,000 tons.

In Ukraine, manganese ore is mined and processed by the Pokrovsky and Marganetsky Mining and Processing Plants.

The consumers of manganese ore are ferroalloy enterprises.

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Express Insurance collected over 112 million in insurance premiums in April

Express Insurance collected 112.3 million UAH in insurance premiums in April 2026, a 19.4% increase compared to the same period in 2025, according to the company’s website.

The auto insurance segment remains the main driver of growth. Specifically, UAH 73.4 million in premiums was collected under comprehensive auto insurance (CASCO) policies in April, which is 13.2% higher than the figure for the same period last year. Premiums for compulsory motor third-party liability insurance (CMTPL) totaled 36.8 million UAH, which is 34.6% more than in April 2025, the company noted.

For other types of insurance, 2.1 million UAH in premiums were collected during the reporting period, which is 8.8% higher than the corresponding figure for last year.

“Positive trends across all key areas indicate stable demand for the company’s insurance products and the maintenance of a high level of customer trust,” the report states.

DS “Express Insurance” was founded in 2008 with the participation of the leader of the Ukrainian automotive market, “Ukravto Group.” It specializes in auto insurance. The company has over 300 insurance agents throughout Ukraine and is actively expanding its network of partner service stations.

 

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IFC is considering providing EUR42 million loan for construction of  OKKO wind farm

The International Finance Corporation (IFC) is considering providing a EUR42 million long-term loan to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, which are majority-owned by VI.AN Holding, a member of the OKKO Group, to finance the construction and operation of a 189-MW wind farm in Ukraine.

As noted in the bank’s materials, the possibility of providing the loan will be considered at a meeting of the IFC Board of Directors on June 15, 2026; the total estimated cost of the wind farm construction project is EUR262 million.

“The IFC’s additional role encompasses both financial and non-financial aspects. On the financial side, the IFC provides support in structuring a long-term financing package, which may include lending from its own funds, concessional financing, first-loss guarantees, and the mobilization of parallel loans,” the corporation stated.

At the same time, on the non-financial side, IFC is strengthening the project’s financial sustainability by providing support in assessing the electricity market. In addition to support during the pre-investment phase, IFC will provide technical guidance to enhance the project’s capacity to manage environmental and social risks in accordance with IFC performance standards.

As reported, the IFC loan will be part of the project’s secured debt financing, which also involves the European Bank for Reconstruction and Development (EBRD) and the Black Sea Trade and Development Bank (BSTDB).

OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the Galnaftogaz concern, which operates one of Ukraine’s largest gas station networks under the “OKKO” brand, comprising approximately 400 gas stations.

The founder and ultimate beneficiary of the group is Vitaliy Antonov.

As reported, in April 2025, the EBRD, IFC, and CEB announced a EUR157 million loan to the “Galnaftogaz” group for a wind farm in the Volyn region.

 

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