Business news from Ukraine

Business news from Ukraine

Vucic declared his party’s victory in all 10 municipalities in local elections

According to Serbian Economist, Serbian President Aleksandar Vučić announced from the headquarters of the Serbian Progressive Party in New Belgrade that the ruling party’s lists, featuring his name, had won in all 10 municipalities where local elections were held on March 29. “It’s 10 to 0,” he said following the vote count.

Elections were held in Bora, Smederevska Palanka, Bajina Bašta, Kula, Lučani, Aranđelovac, Kladovo, Knjaževac, Majdanpec, and Sevojno. Even before Election Day, Vučić had said he would be satisfied only with a victory in all 10 municipalities, although at the time he estimated the possible outcome as 7-3 or 6-4.

After the elections, government officials also publicly confirmed this result. In particular, SNS Chairman Miloš Vučević called the party’s victory in all ten municipalities “very significant” and repeated the 10:0 score.

At the same time, opposition and independent commentators interpret the results more cautiously. N1, citing political analyst Boban Stojanović, notes that despite the SNS’s formal victory in all ten municipalities, in nine of them the party, according to his assessment, saw a decline in support compared to previous election cycles.

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“Prometey” Garment Factory Will Hold Shareholders’ Meeting on April 3

According to Fixygen, the “Prometey” Garment Factory (OJSC) will hold a general meeting of shareholders on April 3, 2026, via remote participation.

The agenda includes the approval of financial statements and other matters related to the company’s operations.

The company operates in the light industry sector, which in Ukraine has undergone a prolonged transformation from mass production to more niche formats—contract manufacturing, specialized products, and private-label work. For such companies, key factors remain production costs, export channels, and human resources.

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MetaBank to Hold Shareholders’ Meeting on April 24

According to Fixygen, MetaBank JSC will hold its annual general meeting of shareholders on April 24, 2026, via remote participation. The agenda includes the annual financial results, approval of financial statements, profit distribution, and decisions regarding the bank’s management bodies.

MetaBank traces its history back to 1993 and is one of the well-known regional banks in Zaporizhzhia. The institution has undergone a series of name changes and continues to operate as a universal bank. Previous disclosures of the bank’s ownership structure included companies associated with a group of local shareholders, specifically “Nord 2008,” “Metallurg-Meta,” and “Metallurg-Veksel.”

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Oschadbank and EBRD Launch €510 Mln Risk-Sharing Mechanism for Ukrainian Businesses

Oschadbank and the European Bank for Reconstruction and Development (EBRD) have signed a letter of mandate regarding the preparation and implementation of a new risk-sharing facility to support Ukrainian businesses with a financing portfolio of up to €510 million, the state-owned bank announced on Monday.

The document was signed in London following a meeting between Oschadbank CEO Yuriy Katsion and EBRD Managing Director and Head of Financial Institutions Francis Malige on the sidelines of the “Pathways to Paris 2026” conference.

“To date, the total financing limit under the risk-sharing programs implemented by Oschadbank with the EBRD since early 2024 has reached EUR300 million,” Katsion noted.

Under the new instrument, the EBRD may assume up to 70% of the credit risk for individual transactions.

The program is intended to support businesses that have suffered losses or damage as a result of the war, relocated businesses, companies contributing to economic recovery, as well as businesses owned by veterans, internally displaced persons, and women-led enterprises.

The parties agreed to continue working on structuring the program and finalizing the parameters of further cooperation.

Oschadbank serves approximately 6 million active customers and is the leader in corporate lending with a market share of about 14%. As of February 1, 2026, the bank’s loan portfolio stood at UAH 127.5 billion.

According to National Bank data, as of February 1, 2026, Oschadbank ranked second (UAH 494.51 billion) in terms of net assets among 60 banks.

As reported, in 2025 the EBRD allocated EUR2.9 billion in financing, including EUR504 million under portfolio risk-sharing programs, which facilitated new lending by Ukrainian partner financial institutions totaling up to EUR1.6 billion.

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98% of participants in Lobbyist Registry have submitted their first reports

According to the National Agency for Corruption Prevention (NACP), as of March 12, 2025, 97% of individuals registered as lobbyists and 100% of companies have already submitted their first reports. In total, there are 161 participants in the Registry, of whom 132 lobbyists registered last year were required to report. More than half of all participants registered within the first month after the Transparency Registry was launched.

Last fall, the Lobbyist Registry, overseen by the NACP, began operations in Ukraine. By the end of the year, Ukrainian lobbyists were required to submit their first report on their activities. Thus, all registered participants added to the Registry last year were required to submit reports to the NACP by January 31, 2026. Even if a participant is inactive, they must still submit a report confirming the absence of active activity.

Some participants missed the reporting deadline: 96% of companies and only 87% of individual lobbyists reported on their activities on time. However, the situation was rectified in February, so all companies have now submitted their reports. Specifically, in early February, the All-Ukrainian Privatization Agency, SIC Group Ukraine, and the Ukrainian company “Consulting and Lobbying” submitted their reports. Currently, only two individual lobbyists remain in arrears.

Both foreign representative offices also reported on their activities.

In the early days of the Registry, participants faced certain challenges with document management. Opendatabot contacted the companies that reported this year to find out how the first reporting process went.

The Aurora network was one of the first participants in the Transparency Register. The company notes that the reporting process was clear and convenient, and the system’s interface was logically structured. At the same time, there were some questions regarding the classification of certain types of meetings and interaction formats. However, this is natural, as the mechanism is new and the practice of its application is still taking shape.

“For Aurora, reporting is not just about complying with the law, but also an opportunity to reaffirm our openness and responsible approach to doing business. Integrity for our company is not a mere declaration, but a fundamental principle. That is why we view the legislative regulation of lobbying and the launch of the Registry as an important step toward establishing civilized and transparent rules for interaction between business and the state,” says Inna Boichuk, Director of Corporate Affairs at the “Aurora” supermarket chain.

The European Business Association also generally views the launch of the system positively, though it notes technical limitations.

“The reporting procedure is straightforward, but for organizations with a large number of lobbying issues and meetings, the process becomes complicated.

Currently, all data must be entered manually, as the system does not allow information to be uploaded from internal databases or Excel files,” explains Viktoria Kulikova, head of the European Business Association’s committees department.

The Union of Ukrainian Entrepreneurs describes a similar experience. They note that the report form is clear and the system itself has been stable. At the same time, the UEA points out several shortcomings: in the public section of the registry, executives are not always listed as lobbyists—though they do appear when generating an extract—which can create confusion during audits. Businesses are also awaiting clearer guidance from the NACP regarding exactly which types of appeals or communications with government agencies are considered lobbying activities.

Note that 161 lobbyists are currently registered in the Transparency Register.

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

Artvineri’s net profit rose from 3.1 mln UAH to 99.6 mln UAH

The supervisory board of Artvineri PJSC (Kyiv), one of Ukraine’s largest producers of sparkling wines, plans to leave the 2025 profit undistributed at the annual remote general meeting of shareholders on April 28.

According to the company’s filing in the NSSMC’s disclosure system, the agenda also includes the approval of the results of financial and operational activities and the Supervisory Board’s report for 2025.

In addition, shareholders are being asked to completely renew the composition of the Supervisory Board. The draft resolution provides for the termination of the powers of the current board members: Tetiana Akhmetova-Aidarova (holds 16.45% of shares), Anna Kuznetsova, and Andriy Kharaman. The election of the new composition of the governing body will be conducted by cumulative voting.

Artvineri PJSC (formerly Artemivsk Champagne Factory) produces sparkling wines using the traditional bottle method. Following the start of Russia’s full-scale invasion and fierce fighting for Bakhmut, where production facilities and underground tunnels remained, the company relocated. Currently, bottling and aging of products are carried out at partner facilities in the Odesa region. The company exports its products to over 20 countries worldwide.

According to data from the Opendatabot service, by the end of 2025, the company’s net profit had grown to 99.61 million UAH, compared to 3.14 million UAH in 2024. The company’s net revenue decreased by 2.67% to UAH 515.81 million. The company’s assets increased to UAH 479.91 million, compared to UAH 370.05 million a year earlier. Debt obligations for the reporting period rose by 2.5% to UAH 472.51 million. The number of employees in 2025 decreased to 85 compared to 95 employees a year earlier. The company’s authorized capital is UAH 46.98 million.

The shareholders of Artviner are Tetyana Akhmetova-Aidarova (16.45%), Serhiy Kiy (13.67%), Boris and Svitlana Kolesnikov (9.77% each), Demetra Company LLC (9.71%), and Iryna Akhmetova (7.05%).

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