Business news from Ukraine

Business news from Ukraine

New Ambassador of Ukraine to Canada appointed

Decree No. 529/2025 appointed Andriy Plakhotniuk Ambassador Extraordinary and Plenipotentiary of Ukraine to Canada and Permanent Representative to the International Civil Aviation Organization (ICAO).

Prior to this appointment, Mr. Plakhotniuk served as Ambassador Extraordinary and Plenipotentiary of Ukraine to Sweden since 2021. Previously, he worked in the Ministry of Foreign Affairs of Ukraine, in particular in the Department of International Organizations and embassies abroad.

He holds a PhD in Political Science and is fluent in several foreign languages. Andriy Plakhotniuk is known for his active position in promoting Ukraine’s Euro-Atlantic integration and strengthening bilateral cooperation in defense and high technology.

Diplomatic relations between Ukraine and Canada were established on January 27, 1992.

Ukraine has one of the largest Ukrainian embassies in the world in Canada, and more than 1.3 million Ukrainians and their descendants live in the country.

 

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New Ukrainian ambassador to Algeria appointed

Ukrainian President Volodymyr Zelenskyy has signed Decree No. 518/2025 on the appointment of Oleksandr Voronin as Ukraine’s ambassador extraordinary and plenipotentiary to the People’s Democratic Republic of Algeria.

Official diplomatic relations between Ukraine and Algeria were established in 1992. The Ukrainian Embassy in Algeria has been active since the early 2000s, developing cooperation in trade, education and energy.

Alexander Voronin has experience in the diplomatic system of Ukraine.

 

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Ukrainian embassy in Uzbekistan left without head

President of Ukraine Volodymyr Zelenskyy has dismissed Mykola Doroshenko from the post of Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Uzbekistan by decree No. 506/2025.

At the moment the decree on appointment of a new ambassador to this post has not been published. Thus, the diplomatic mission of Ukraine in Tashkent temporarily remains without a head.

Diplomatic relations between Ukraine and Uzbekistan were established in 1992.

 

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New Ambassador of Ukraine to Angola appointed

President of Ukraine Volodymyr Zelenskyy has signed Decree No. 523/2025 on the appointment of Andriy Kasyanov as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Angola.

Prior to his appointment to Luanda, Andrii Kasyanov served as Charge d’Affaires of Ukraine in Germany. He is a career diplomat, having worked in the Department of International Organizations of the Ministry of Foreign Affairs of Ukraine, as well as in Ukrainian diplomatic missions in West Africa and Central Europe. He is known for his participation in negotiations on humanitarian and economic issues, as well as for projects to develop bilateral ties with the countries of the Global South.

Diplomatic relations between Ukraine and Angola were established in 1992. The Embassy of Ukraine in Angola was opened later as part of the strategy to expand Ukraine’s presence in Africa. Today, areas of cooperation include the agricultural sector, education, medical equipment, and participation in UN peacekeeping initiatives.

Kasyanov’s appointment demonstrates Kyiv’s intention to intensify ties with Angola, one of the largest economies on the African continent, and strengthen political dialogue, including through support for Ukraine on international platforms.

 

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“Dneprometiz-TAS to build hot-dip galvanizing line for steel wire

Dniprometiz-TAS LLC (Dnipro) of Ukrainian businessman Serhiy Tihipko plans to build a new $4m hot-dip galvanizing line for steel wire, the company presented the project at the Ukraine Recovery Conference (URC2025) held in Rome on July 10-12.

According to the company’s information in the URC project catalog, the project involves the construction of a new hot-dip galvanizing line to improve operational efficiency and optimize energy consumption, is a diversification of production of highly profitable products through the manufacture of high-quality fine (0.7-1.6 mm) and medium-diameter (1.8-5.0 mm) wire, including low-carbon, medium- and high-carbon steel grades.

The capacity of the plant is 24 thousand tons per year. New energy-saving equipment is used for the furnace and zinc bath. The project’s strengths include lower production costs, improved space efficiency, increased production capacity, and strategic investment in the cable industry.

The target market is European, North American, Middle Eastern.

The project is 100% ready for realization: pre-project planning has been completed, infrastructure has been developed (workshop, power plant and other facilities), detailed technical, production and market analyses have been performed, there is production of semi-finished wire products.

The project will result in a change in product mix from relatively low-margin fencing wires to high-margin products for the cable industry. The model focuses on efficiency by phasing out old lines with the goal of reaching an annual production capacity of 24,000 tons with an average diameter of 1.6 mm.

The total project budget is $4 million, with $2 million to be raised. Expected financials: net present value (NPV) of $1.5 million, revenue in 2030 of $1.4 million, EBITDA in 2030 of $0.9 million.

The project startup period is three years.

Through 2025, it will invest $0.1 million in concept development, require $1.5 million in design funding this year, $2 million in 2026 and $0.4 million in 2027 for construction. In 2027 is the start of operations.

 

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New Ukrainian ambassador to Republic of Cyprus appointed

Ukrainian President Volodymyr Zelensky has appointed Serhiy Nizhinsky as Ukraine’s Ambassador Extraordinary and Plenipotentiary to the Republic of Cyprus. The relevant decree No. 511/2025 has been published on the website of the head of state.

Prior to his appointment to Nicosia, Nizhinsky held a number of positions in the executive branch and diplomatic service. He has experience working in the Ministry of Foreign Affairs, including in positions related to human rights, European integration, and international humanitarian cooperation. In 2020–2021, he also served as Deputy Minister of Social Policy of Ukraine.

Nizhinsky replaced Ruslan Nymchynsky, who previously represented Ukraine as ambassador to Cyprus.

Diplomatic relations between Ukraine and Cyprus were established on February 19, 1992.

The Ukrainian Embassy in Nicosia has been operating since 1999.

 

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