Business news from Ukraine

Business news from Ukraine

Starting July 15, single ride on Kyiv’s public transit will cost 30 UAH

New fares for single rides on public transit will take effect in Kyiv on July 15—a single ride on the metro, bus, tram, trolleybus, or funicular will cost 30 UAH.

Mayor Vitali Klitschko signed the corresponding order on July 7; the document was published on the Kyiv City State Administration’s website on Friday, July 10.
At the same time, discounts are available on “multi-ride passes” depending on the number of trips: 1–9 trips—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.

Starting August 1, a 60-UAH ticket will also be available, allowing for an unlimited number of transfers within 90 minutes.
Tickets purchased before July 14 are valid until September 14. After that, any unused balance will be automatically credited as a cash equivalent to the transit card.

As previously reported, five petitions on the Kyiv City Council website calling for a halt to fare increases on the capital’s public transit system until the end of martial law had already garnered the number of votes required for consideration, but most of them were rejected by city authorities.

On May 18, the Kyiv City State Administration announced plans to update public transit fares. Specifically, the cost of a single trip will depend on the number of trips purchased on the transit card. Specifically, for 1–9 trips, the fare will be 30 UAH; for 10–19 trips, 28.90 UAH; for 20–29 trips, 27.80 UAH; for 30–39 trips, 26.60 UAH; for 40–49 trips, 25.50 UAH; and for 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 effect for students and schoolchildren: students will pay 50% of the monthly pass price; schoolchildren will ride for free during the school year and receive 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.

Fares in the capital have not been adjusted since 2018. Starting January 1, 2022, there were plans to raise public transit fares to 20 UAH, and to 12 UAH for holders of the “Kyiv Card.”
At the end of 2021, Klitschko assured the public that public transit fares would not increase until the end of the heating season. In 2023, city officials stated that they had no intention of raising public transit fares until the end of the war. In September 2025, Klitschko stated that although public transit in Kyiv is subsidized, the city is looking for ways to avoid raising fares.

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Ukrainian tennis player Prykhodko to change citizenship and represent North Macedonia

Ukrainian tennis player Oleg Prykhodko has decided to change his sporting nationality and compete under the flag of North Macedonia going forward, according to the Telegram channel “Serbian Economist.”

The athlete is giving up the previous flag under which he competed in international tournaments. Details of the transfer procedure, as well as the reasons behind the decision, have not yet been officially disclosed.

At present, Oleh Prykhodko is ranked 296th in the ATP rankings, which will make him one of the leading tennis players of North Macedonia once the change of sporting citizenship is completed.

The 27-year-old tennis player mainly competes in ATP Challenger and ITF tournaments. During his career, he has won several singles and doubles titles.

Registrations of imported used cars in Ukraine fell by 2%

In the first half of 2026, Ukrainians purchased 111,500 used passenger cars imported from abroad, which is 2% less than in the same period of 2025, according to a report by “Ukravtoprom” on its Telegram channel.

Gasoline-powered cars accounted for the largest share of this segment of the auto market, increasing their share by 11 percentage points compared to January–June 2025, to 58%.

Next came diesel cars at 20% (22%), while the share of electric vehicles fell to 11% from 22%, though they still outpaced hybrids, which accounted for 8% (5%). The share of cars with LPG systems was 3% (4%).

The average age of imported used cars was 9.7 years.

The Volkswagen Golf confidently tops the list of the ten most popular imported used models with 5,143 units. Next are the VW Tiguan with 4,549 units, the Audi Q5 with 3,962 units, the Nissan Rogue—3,896 units, the Skoda Octavia—3,688 units, the Renault Megane—3,435 units, the Volkswagen Passat—2,477 units, the Ford Escape—2,446 units, the Nissan Qashqai—2,166 units, and the Audi A4—2,144 units.

As reported by “Ukravtoprom,” in 2025, Ukrainians purchased 274,300 used passenger cars imported from abroad, which is 24% more than in 2024; the top three most popular models after the Volkswagen Golf included two Tesla electric vehicles—the Model Y and Model 3.

This year, the market showed a 22% increase in January compared to January 2025, but began to decline starting in February.

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Ukraine Reduced Steel Production by 3.2% in Jan–Jun

Ukrainian steelmakers reduced steel production by 3.2% in January–June of this year compared to the same period last year, down to 3.566 million metric tons.

According to information released by the “Ukrmetallurgprom” association on Wednesday, 690,800 metric tons of steel were produced in June, 629,400 metric tons in May, 517,300 metric tons in April, 702,300 metric tons in March, in February—515 thousand metric tons, and in January—511.1 thousand metric tons.

As previously reported, Ukraine’s steel companies reduced steel production by 2.2% in 2025, to 7.409 million metric tons.

In 2024, Ukraine increased steel production by 21.6% compared to 2023, reaching 7.575 million metric tons. In 2023, steel production fell by 0.6% to 6.228 million metric tons, and in 2022, it fell by 70.7% to 6.263 million metric tons.

In 2021, before the war, 21.366 million metric tons of steel were produced, or 103.6% of the 2020 level.

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Kyiv Raises Public Transportation Fares—Starting July 15,  Single Ride Will Cost 30 UAH

New fares for single rides on public transportation will take effect in Kyiv on July 15; a ride on the metro, bus, tram, trolleybus, or funicular will cost 30 UAH.

Mayor Vitali Klitschko signed the corresponding order on July 7; the document was published on the Kyiv City State Administration’s website on Friday, July 10.

Discounts on travel passes are also provided based on the number of trips: 1–9 trips – 30 UAH; 10–19 – 28.90 UAH; 20–29 – 27.80 UAH; 30–39 – 26.60 UAH; 40–49 – 25.50 UAH; 50 trips — 25 UAH.

Starting August 1, a 60-UAH ticket will also be available, allowing for an unlimited number of transfers within 90 minutes.

Tickets purchased before July 14 are valid until September 14. After that, any unused balance will be automatically refunded in cash to the transit card.

As previously reported, five petitions on the Kyiv City Council website calling for a suspension of fare increases on the capital’s public transit system until the end of martial law had already garnered the number of votes required for consideration, but most of them were rejected by city authorities.

On May 18, the Kyiv City State Administration announced plans to update public transit fares. Specifically, the cost of a single trip will depend on the number of trips purchased on the transit card. Specifically, 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; and 50 trips—25 UAH. Monthly passes are also available, with the cost per trip ranging from approximately 23.3 to 23.6 UAH. Discounted rates remain in effect for students and schoolchildren: students will pay 50% of the monthly pass price; schoolchildren will ride for free during the school year and receive a 75% discount during the summer. Separately, there are plans to introduce a transfer ticket for 60 UAH, which will allow for unlimited transfers between the metro and surface transit within 90 minutes.

Fares in the capital have not been adjusted since 2018. Starting January 1, 2022, there were plans to raise public transit fares to 20 UAH, and to 12 UAH for holders of the “Kyiv Card.”

At the end of 2021, Klitschko assured the public that public transit fares would not increase until the end of the heating season. In 2023, city officials stated that they did not intend to raise public transportation fares until the end of the war. In September 2025, Klitschko stated that, despite the fact that public transportation in Kyiv is subsidized, the city is looking for ways to avoid raising fares.

Source: https://kyivcity.gov.ua/npa/NPA_1048449/kmda__145_1048450/

 

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EFI Group Plans to Double Pulp Master’s Capacity in 2028

The EFI Group investment group plans to launch the second phase of plant-based cellulose packaging production in the first quarter of 2028 as part of the Pulp Master project, doubling production capacity to 100 million units per year, according to EFI Group founder Igor Liski.

“Currently, as part of the first phase of the project, production capacity of 50 million units per year has already been launched. Following the implementation of the second phase of production, scheduled for the first quarter of 2028, we plan to increase packaging production to 100 million units per year,” he said in an interview with Interfax-Ukraine.

According to Liski, the project is being financed through the founders’ own investments and a credit line.

“This model allows us to implement the project in phases, ensuring its stable development and controlled scaling,” Lisk explained.

He noted that Pulp Master has been developed as an export-oriented project from the very beginning: more than 90% of the products manufactured are planned to be supplied to foreign markets.

“Based on the results of a comprehensive market assessment, the company forecasts that even under a scenario of active consumption growth, the capacity of the Ukrainian market in this segment will amount to approximately 10 million units per year. With this in mind, Pulp Master has been developed as an export-oriented project from the very beginning,” said the founder of EFI Group.

According to Liski, raw materials for packaging production are currently sourced from European and Asian countries.

“Sugarcane fiber of Asian origin is primarily used to manufacture disposable tableware, as it best meets the requirements of this product category. The composition of the raw materials will gradually be optimized and adjusted as the project progresses,” he noted, adding that the overall goal of the project is to establish a system in Ukraine for producing pulp from byproducts of crop and fruit cultivation.

As previously reported, the first phase of the Pulp Master project, with a total cost of EUR5 million, recently began operations in Zhytomyr. The project is the group’s fourth in the field of eco-friendly packaging, but the first three production facilities operate on waste paper.

EFI Group was founded in 2007. It focuses on implementing business projects in Ukraine. Its investment areas include healthcare and medtech, the paper, food, and woodworking industries, and the supply of agricultural products.

Its portfolio includes Feednova, a manufacturer of animal fats and feed additives; the “Beehive” honey production plant; the “Medical Star” honey retail chain; the Zhytomyr Cardboard Plant; “Sem Ecopack,” the timber processor “Forest Technology,” the agricultural products supplier “Efi Agro,” the online medical hub Doc.ua, and others.

The full text of the interview with Liski will be published on the website of the “Interfax-Ukraine” agency.

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