Business news from Ukraine

Business news from Ukraine

2026 Tashkent International Marathon will take place on April 5

The Embassy of the Republic of Uzbekistan invites everyone to participate in the 2026 Tashkent International Marathon, which will take place on April 5, 2026, in Tashkent.

The marathon is timed to coincide with the celebration of the national holiday Navruz and aims to strengthen international friendship, foster cooperation, and promote a healthy lifestyle. The event is organized in accordance with World Athletics requirements and is aimed at obtaining World Athletics Label Road Race status, which guarantees a high level of organization and compliance with international standards.

The program includes the following distances:

• Marathon (42.195 km)

• Half Marathon (21.097 km)

• 10 km

• 5 km

• 2 km (race for people with disabilities)

• 3 km (Nordic walking)

• Kids Run (1 km, 600 m, 400 m)

More details

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Rivne Invest Forum 2026 will bring together over 500 investors and entrepreneurs on May 8–9

This spring, Rivne will become the hub of business activity in western Ukraine. On May 8–9, 2026, the village of Velyka Omelyana will host the Rivne Invest Forum 2026—the region’s largest business event, bringing together over 500 investors, entrepreneurs, developers, and representatives of business communities to forge new partnerships and conclude deals.

The forum is organized by the Board business community in collaboration with the Lviv Invest Forum and AFNU.

The Rivne Invest Forum is a platform for informed investments and long-term partnerships. The focus is on scaling businesses, raising capital, and developing the regional economy in the context of the new economic reality.

Key speakers at the forum:

  • Andriy Dligach (Advanter Group, Board)
  • Ihor Mazepa (Concorde Capital)
  • Artur Mikhno (Work.ua)
  • Taras Kitsmey (SoftServe)
  • representatives from Horizon Capital, Edem Family, BK Investment, Franchise Group, and other investors and CEOs

The program includes expert presentations, panel discussions, investment project presentations, startup pitches, Invest Expo, an investment auction, and private networking sessions.

Topics include residential and recreational real estate, M&A, the stock market, cryptocurrencies, IT and technology, franchises, alternative investments, healthcare, education, land, and development.

Organizers expect over 500 participants—investors, entrepreneurs, developers, fund representatives, and members of the startup ecosystem.

Board members receive a 20% discount on all tickets. Early bird prices are available until March 1, 2026.

Registration and details—rivne-invest.com

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Ukrainian passport has risen to 28th place in global ranking

The Ukrainian passport has taken 28th place in the updated 2026 Henley Passport Index and grants visa-free access to 142 destinations. This is according to the global ranking by Henley & Partners.

Regionally, Ukraine ranks ahead of Montenegro, North Macedonia, Albania, Bosnia and Herzegovina, Moldova, and Georgia.

Singapore remains the leader of the global ranking with 192 destinations offering visa-free or simplified entry. Japan, South Korea, and the UAE are tied for second place with 187 destinations, followed by a group of countries with 186.

Afghanistan, Syria, Iraq, Yemen, and Pakistan remain at the bottom of the ranking. The Afghan passport was again named the world’s weakest in the March edition of the index, with access to only 24 destinations.

For Ukraine, 28th place signifies the preservation of relatively strong international mobility even amid war and foreign policy turbulence. From a practical standpoint, this is important for labor migration, travel to Europe, business activity, and educational mobility.

The Henley Passport Index is one of the world’s most renowned passport power rankings. It is published by Henley & Partners based on data from IATA, the largest international database on visa regulations, and its own analysis. The index covers 199 passports and 227 destinations and assesses the number of countries and territories citizens can visit without a pre-arranged visa. That is why the ranking is widely used as an international benchmark for freedom of movement, although it reflects visa mobility rather than a country’s overall level of development.

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“Sarnifarmatsiya” to Hold Annual Shareholders’ Meeting on April 24

According to Fixygen, JSC “Sarnifarmatsiya” will hold its annual shareholders’ meeting on April 24, 2026, via remote participation. The agenda includes the approval of the company’s annual results, financial statements, and other decisions regarding its current operations.

Sarnifarmatsiya operates in pharmaceutical retail and specialized trade in medicinal products.

The company operates in the Rivne region and is one of the regional pharmaceutical operators. According to publicly available data, major shareholders include Tetiana Orel, Yevheniia Petryshyna, and Roslav Petryshyn, while Oleksii Tats’kyi is listed as a beneficial owner.

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Ukrnafta has topped ranking of Ukraine’s oil and gas producers for third consecutive year

State-owned Ukrnafta has ranked first for the third consecutive year in the Index of Ukraine’s Best Oil and Gas Producers, published annually by Opendatabot.

In 2025, the company’s revenue amounted to 99.4 billion UAH.

The company received an award from Opendatabot as “Leader in the Extractive Industry.”

The total revenue of the top 10 companies in the extractive industry amounted to UAH 341.63 billion and decreased by 12.71% compared to 2024.

Ukrnafta’s share, which stood at 25.68% in 2024, has grown, and in 2025 the company holds a 29.11% share among the sector’s leaders.

The full list of the top 10 companies in the extractive industry is as follows:

1. Ukrnafta – UAH 99.44 billion, 29.11%

2. Ukrgazvydobuvannya – UAH 83.60 billion, 24.47%

3. DTEK Pavlogradvuhillya – UAH 36.16 billion, 10.59%

4. Northern Mining and Processing Plant – UAH 32.92 billion, 9.64%

5. Southern Mining and Processing Plant – 24.76 billion UAH, 7.25%

6. Pokrovsk Mine Administration – 17.13 billion UAH, 5.01%

7. Central Mining and Processing Plant – 15.99 billion UAH, 4.68%

8. Oil and Gas Production – 14.00 billion UAH, 4.1%

9. Nadra-Geoinvest – 8.85 billion, 2.59%

10. Yeristiv Mining and Processing Plant – 8.77 billion UAH, 2.57%

These results are a testament to the dedication of all Ukrnafta employees, who work diligently every day to provide Ukraine with this critical resource and ensure the country’s energy security.

JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates 660 gas stations.

The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.

Yuzhkoks Increased Its Net Loss to UAH 3.2 Bln

PJSC “Yuzhkoks” (Kamenskoye, Dnipropetrovsk Oblast) reported a net loss of UAH 3,195,470,000 for 2025, up from UAH 272,924,000.

According to the company’s announcement in the NSSMC’s information disclosure system regarding the remote holding of the general meeting of shareholders on April 30, there are nine items on the agenda.

In particular, the meeting is scheduled to review the report of the board of directors and the auditor’s conclusions and adopt relevant resolutions, approve the results of financial and economic activities and the annual report for the past year, cover losses, and preliminarily approve significant transactions, as well as adopt the revised charter.

Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose covering the losses incurred from operations in 2025, amounting to UAH 3,195,470, using profits from future periods.

As reported, Yuzhkoks increased its net loss by 4.6 times in the first nine months of 2025 compared to the same period of the previous year—to 457.760 million UAH from 98.684 million UAH—while revenue fell by 12.6% to 6.634975 billion UAH. The uncovered loss as of the end of September 2025 amounted to UAH 9.127 million.

“Yuzhkox” increased its net loss by 4.7 times in 2024 compared to the previous year—to UAH 272.925 million from UAH 58.0252 million.

Yuzhkox ended 2022 with a net loss of UAH 1,206.942 million, compared to a net profit of UAH 1,292.672 million reported for 2021.

According to the State Register of Legal Entities as of the fourth quarter of 2025, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.

The authorized capital of PJSC “Yuzhkoks” is UAH 171.918 million, and the par value of a share is UAH 0.25.

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