Business news from Ukraine

Business news from Ukraine

Results of Energy and Electricity Trading on Ukrainian Energy Exchange in May 2026

Over the past month, the Ukrainian Energy Exchange held 111 trading sessions on the BETS, 73 auctions for the purchase and sale of electricity on the BETS in the “Electric Power” version, and four trading sessions each day on the short-term natural gas market.

As a result, 3,473.43 thousand MWh of electricity, 181.26 thousand metric tons of crude oil and gas condensate, 12.2 thousand metric tons of liquefied gas and petroleum products, 28.97 million cubic meters of natural gas, and 168.86 metric tons of raw materials were sold. In addition, 280 auctions were held in May in the “Raw Timber and Lumber” category. The total sales volume for this category amounted to 46.21 thousand cubic meters.

“Market-based instruments in the energy sector today play a decisive role in the industry’s development and in strengthening economic stability. Thanks to the capabilities of the Ukrainian Energy Exchange, market participants can interact effectively on a daily basis and find reliable counterparties for the purchase and sale of energy resources and electricity. We continue to work consistently to increase the transparency and efficiency of the energy market: we are developing new services, improving trading mechanisms, and maintaining high standards of organized exchange trading,” concluded O. Kovalenko, CEO of the UEB.

 

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Geopolitics and the Fed Remain Key Risks for the Crypto Market

According to analysts at Fixygen.ua, in the coming weeks the cryptocurrency market may be influenced most strongly not by internal industry news, but by geopolitics, oil prices, Federal Reserve policy and sanctions decisions. Bitcoin and Ethereum remain sensitive to any signals that change expectations regarding liquidity and risk appetite.

The first key factor is the situation around the United States, Iran and the Strait of Hormuz. In June, markets reacted to interim agreements between Washington and Tehran, which are expected to reduce risks to oil supplies and restore traffic through one of the world’s most important energy routes. Against this backdrop, global equity funds received a strong inflow of capital, while oil prices began to decline.

For the crypto market, this is a mixed signal. If oil prices continue to fall, inflation expectations may weaken, and investors may return to risky assets, including cryptocurrencies. But if the agreements collapse, Hormuz will once again become a source of an oil shock, which will increase inflation risks and may hit Bitcoin, Ethereum and altcoins.

The second factor is the policy of the U.S. Federal Reserve. The Fed kept the rate at 3.50–3.75%, but the market perceived the regulator’s signal as more hawkish. If expectations of a rate hike by the end of the year strengthen, pressure on crypto assets may persist. More expensive money usually reduces investor interest in high-risk assets and increases demand for dollar-denominated instruments.

The third factor is the sanctions policy against Russia and control over the circumvention of restrictions through cryptocurrency channels. The EU has proposed a new package of sanctions that affects Russian banks, entities linked to the circumvention of restrictions, as well as crypto platforms. This is important for the market because stronger control may increase regulatory risks for individual services, strengthen compliance and reduce activity in some jurisdictions.

The fourth factor is Russia’s war against Ukraine. Any increase in military escalation, new sanctions, strikes on energy infrastructure or changes in the position of G7 countries may affect markets through energy prices, the dollar, demand for safe-haven assets and investors’ overall attitude toward risk. For cryptocurrencies, this means increased volatility, especially if events coincide with important macroeconomic releases in the United States.

The fifth factor is U.S. and Chinese trade policy. In June, Washington opened a consultation process on possible tariff changes within the framework of agreements with China. Easing trade tensions may support stock markets and risky assets, while new restrictions or tariff threats will work in the opposite direction.

The sixth factor is competition for capital between cryptocurrencies, the technology sector and AI. After the geopolitical relief in June, investors actively invested in global stock markets and technology companies. For Bitcoin, this is a problem: part of the capital that could have returned to crypto ETFs is moving into AI stocks, semiconductors and major technology companies.

Fixygen.ua considers the following events to be the most important for the crypto market in the near future:

decisions and comments by the Fed on rates and inflation;
the dynamics of oil prices and the sustainability of agreements around the Strait of Hormuz;
new EU and U.S. sanctions against Russia, including restrictions on banks and crypto services;
data on ETF flows in the United States;
inflation statistics in the United States and Europe;
signals on U.S.-China trade relations;
escalation or de-escalation in the Middle East and in Ukraine.

The final main conclusion of the specialized resource Fixygen.ua is that the crypto market now depends not only on demand for Bitcoin and Ethereum, but also on the external environment. If geopolitical risks decline, oil continues to fall and the Fed softens its rhetoric, Bitcoin will have a chance to break out of its sideways range. If, however, oil rises again, the Fed remains hawkish, and sanctions and military risks increase, the market may return to a sell-off.

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First Ukrainian translation of Agatha Christie’s autobiography was presented in Ukraine

On June 17, the “Sens” bookstore on Khreshchatyk hosted the presentation of the first Ukrainian translation of Agatha Christie’s autobiography—a book the author worked on for 15 years and which literary scholars consider one of the most important works in her body of work.

According to a reporter from the culture desk of the “Interfax-Ukraine” news agency reporting from the scene, the event was attended by Svitlana Stretovych, founder and editor-in-chief of Stretovych Publishing House; literary scholar and publisher Rostyslav Semkiv; and translator Roksana Shevchuk, who spoke about the work involved in producing the first Ukrainian edition of Agatha Christie’s autobiography, the nuances of the translation, and the book’s significance for today’s readers.

“Mystery fans often say that Agatha Christie was the queen of the genre, but many consider her autobiography to be her strongest work. It offers insight into her perspective on life, people, and the era in which she lived,” Stretovych emphasized during the presentation.

The idea to publish Agatha Christie’s autobiography in Ukrainian came from Svitlana Stretovych, founder and editor-in-chief of Stretovych Publishing. According to her, the idea came to her unexpectedly after one of the book presentations.

“It just occurred to me one evening: has Agatha Christie’s autobiography been translated into Ukrainian? I was convinced it had. But the next day we started checking and it turned out there was no Ukrainian translation. So we immediately began searching for the rights holders,” Stretovych told the agency.

According to the publisher, negotiations to acquire the rights lasted several weeks. The process was complicated by the fact that Agatha Christie’s detective novels have been published in Ukraine by KSD for many years, so the rights holders first had to determine whether the author’s current Ukrainian publisher planned to release the autobiography.

Stretovich noted that the publishing house deliberately chose the autobiography, as biographies and memoirs are one of the key areas of its work.

“We were specifically interested in the autobiography. We didn’t plan to publish the detective novels, since another Ukrainian publisher handles that. Biographical literature, on the other hand, is one of our publishing house’s main areas of focus, so this book fits perfectly into our concept,” she said.

The book’s initial print run was 3,000 copies. The publication is nearly 800 pages long, and its current price is 750 UAH. However, according to Stretovich, the actual cost of the project is significantly higher due to the large volume of translation and preparatory work.

Finding a translator was a story in itself. According to the publisher, the team was looking not only for a professional specialist but also for someone who shared their values. An unexpected turn of events proved decisive when translator Roksana Shevchuk mentioned one of the publishing house’s books on social media almost at the same time.

“I took it as a sign and immediately wrote to Roksana with an offer to translate Agatha Christie. She agreed,” Stretovich said.

Translator Roksana Shevchuk told the agency that work on the Ukrainian edition took five months. According to her, the translation proved to be much more complex than usual work with a literary text, since it involved not only conveying the content but also recreating Agatha Christie’s own voice.

“Technically, it took five months. The war was constantly echoing both in the book and in my personal life. While I was working on it, my godson was killed in the Sumy region, and I was in the middle of translating the chapters about World War II. At a certain point, I had to take a break,” the translator said.

According to her, what impressed her most was the author’s ability to remain optimistic even after the most difficult trials in life.

“At a certain point in Agatha Christie’s life, she had suffered a tremendous number of losses. But even during the darkest times, she never lost her faith in people, her sense of humor, or her love of life. That’s what impressed me the most,” Shevchuk noted.

The translator is convinced that the autobiography is relevant to modern Ukrainian readers as well, since it speaks to a person’s ability to weather crises and start over.

“This book makes you want to be a better person. It teaches you not to be afraid to dream, not to set limits for yourself, and to keep searching for who you are, regardless of your age,” she said.

Literary scholar and publisher Rostyslav Semkiv called the book one of the most fascinating autobiographies in world literature.

“This is not just the life story of a famous writer. It is the success story of a person who is now ranked alongside Shakespeare in terms of popularity and print runs. Here you can see how she worked on her texts, communicated with publishers, overcame creative crises, and learned to write,” said Semkiv.

According to him, this very book served as one of the sources for his work on the craft of writing.

“When I was working on the book *How the Classics Wrote*, Agatha Christie’s autobiography formed the basis for the chapter about her. It contains a lot of practical advice for authors and, at the same time, is a very captivating human story,” he noted.

Semkiv expressed his conviction that the Ukrainian edition will be a success among readers.

“There are many fans of the mystery genre and of Agatha Christie herself in Ukraine. I think readers have been waiting for this book for a long time,” he said.

During the presentation, it was also emphasized that the team worked to preserve the atmosphere of the British era while making the text feel natural to Ukrainian readers. Significant attention was paid to historical explanations, footnotes, and cultural context.

Participants at the event described the autobiography as a book about the courage to live, to make mistakes, to lose, and to start over. That is why, nearly half a century after the author’s death, her personal story continues to find new readers around the world.

https://interfax.com.ua/news/culture/1177587.html

 

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Crypto market remains under pressure following Fed’s decision and weak ETF inflows

According to Fixygen, the cryptocurrency market is ending the week on a cautious note: Bitcoin is holding steady near $62,500–63,000, Ethereum is around $1,700, and the total market capitalization remains in the range of $2.15–2.24 trillion.

Following the sell-off in early June, the market is attempting to stabilize, though a confident recovery has not yet materialized. The main source of pressure remains shifting expectations regarding the U.S. Federal Reserve’s monetary policy. The Fed kept its benchmark rate in the 3.50–3.75% range but sent a more hawkish signal to the market: some market participants now anticipate a rate hike by the end of the year. This is a negative backdrop for the crypto market, as Bitcoin and other digital assets are traditionally sensitive to expectations regarding liquidity and the cost of money.

Bitcoin remained within a narrow range this week following attempts to rebound. According to current data, it is trading at around $62,600, with the intraday low dropping to $62,300. Ethereum fell to $1,690 and remains weaker than Bitcoin in terms of market structure. Pressure on altcoins persists as investors favor more liquid assets and avoid elevated risk.

The total crypto market capitalization, according to aggregators, stands at around $2.15–2.24 trillion. Bitcoin’s market share remains high—around 56–58%—indicating that a protective bias persists within the crypto market itself. Investors are not completely exiting digital assets but are focusing on the largest cryptocurrency and stablecoins.

ETF flows created additional pressure. According to VanEck’s estimates, in the first half of June, Bitcoin’s 30-day average price fell to approximately $70,300, and U.S. spot Bitcoin ETFs recorded about $5 billion in net outflows during 19 of 22 trading sessions. After that, signs of stabilization emerged: on June 12, spot Bitcoin ETFs showed a net inflow of about $85.8 million, and on June 16, about $10 million. However, these volumes are not yet sufficient to indicate a full-fledged recovery in institutional demand.

Ethereum’s weakness is also linked to less stable demand for spot ETH ETFs. Last week, certain trading days saw outflows from Ethereum ETFs, while demand for Bitcoin funds began to gradually recover after a series of heavy outflows. This widens the gap between Bitcoin and the rest of the market.

The Fear and Greed Index for the crypto market remains in the “extreme fear” zone. This means that following June’s sell-off, market participants are not yet ready to actively build up their positions. The market is reacting more to macroeconomic signals than to internal industry news.

The geopolitical backdrop this week was mixed. On the one hand, the agreements between the U.S. and Iran and expectations of a resumption of traffic through the Strait of Hormuz eased pressure on the oil market and supported overall risk appetite. On the other hand, uncertainty regarding the sustainability of these agreements, sanctions policy, and the Fed’s next moves is holding investors back from aggressively buying cryptocurrencies.

For Bitcoin, the nearest technical levels remain the $60–62 thousand range as support and $65–67 thousand as resistance. A sustained move above this range could improve the short-term outlook, but without a resumption of capital inflows into ETFs and a more dovish signal from the Fed, the market may remain range-bound.

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“Vodafone Ukraine” continues to equip its stations with small solar power plants

VF Ukraine (Vodafone Ukraine, VFU), Ukraine’s second-largest mobile operator, has completed the first phase of its project to deploy its own power generation capacity and has equipped 100 base stations with small solar power plants (SPPs) across 14 regions.

According to a press release from the mobile operator published on Friday, the projected savings in electricity drawn from the grid will amount to approximately 380 MWh per year, or nearly 30% of the consumption of the 100 base stations.

“This is roughly equivalent to the annual consumption of 150 average Ukrainian households,” the company noted.

Taking tariff trends into account, the financial savings are expected to exceed 100,000 euros per year. In addition, CO₂ emissions will be reduced by approximately 210 metric tons per year.

It is noted that the first phase began in the fall of 2025, and the company is now proceeding with the implementation of the second phase.

As previously reported, in May, Ukraine’s largest mobile operator, Kyivstar, announced the acquisition of six solar power plants with a combined installed capacity of 105 MW in the Lviv region for 3.6 billion hryvnia, or $80.8 million.

In the first quarter of this year, VFU increased its net profit by 12% compared to the same period last year—to 778 млн грн—while its revenue grew by 11%—to 7.3 млрд грн.

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“Zolotonosha Perfume and Cosmetics Factory” to Be Converted from Private Joint-Stock Company to Limited Liability Company

The Ukrainian perfume manufacturer, Private Joint-Stock Company “Zolotonosha Perfume and Cosmetics Factory” (“Zolotonosha Perfume and Cosmetics Factory,” Cherkasy Oblast), will be converted into a limited liability company (LLC).

According to the company’s announcement in the National Securities and Stock Market Commission’s (NSSMC) information disclosure system, the relevant decision was adopted by an extraordinary general meeting of shareholders on June 9 with 100% of the votes.
Creditors’ claims will be accepted by the liquidation commission within two months from the date of publication of the announcement regarding the company’s dissolution through its transformation.

According to the meeting minutes posted on the company’s website, four shareholders, who collectively own 100% of the shares, also decided to amend the entry regarding the list of founders (members) of Zolotonoshskaya PKF PJSC in the Unified State Register of Legal Entities, Individual Entrepreneurs, and Public Associations, specifically reducing the number from 86 shareholders to four.

Currently, according to the company, the shareholders include: Valentina Dargel, who owns more than 19.72% of the authorized capital; Andriy Dargel (16.04%); “Aromatika” LLC (nearly 59.616%); and “Essenti” LLC (4.62%). At the general meeting of shareholders, Andrei Fedorenko represented them by proxy.

The owners of the body care products manufacturer Aromatika LLC (Kyiv) are Valentina Dargel (91.8%) and her son, Andrei, a German citizen (8.2%). They are also the owners of the Kyiv-based LLC “Essenti,” which imports, exports, and sells raw materials for the food, perfume, and cosmetics industries on the domestic market.

A public, irrevocable demand to repurchase shares from all shareholders of Zolotonosha PKF PJSC was received from Aromatika LLC in July 2025.

Zolotonosha PKF was founded in 1934 as a plant for processing essential oils (dill and mint). Later, the production of colognes was established, and starting in 1964, the production of liquid cosmetics—such as shampoos and lotions—began.
In 2025, the factory saw its net profit drop by more than five times compared to the previous year—to 5 million UAH—while net revenue fell by 32.4% to 92.9 million UAH. In the first quarter of this year, it reported a loss of 0.7 million UAH and revenue of 22.3 million UAH.

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