Business news from Ukraine

Business news from Ukraine

Ukrzaliznytsia predicts losses of railcar repair business to reach UAH 600 mln in 2025

According to the forecast of JSC “Ukrzaliznytsia”, the losses of the car repair direction of the company may reach 600 million UAH by the end of 2025, said in an exclusive interview to the agency “Interfax-Ukraine” member of the Board, head of the direction “Repair and production” Evgeny Shramko.
The decrease is due to the fall in transportation and, as a consequence, the volume of repairs: transportation by UZ cars fell by 58%, and repairs decreased by 55%.

 

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IOM: Millions of Ukrainians still displaced by war

Approximately 5.7 million people from Ukraine remain displaced worldwide, 3.8 million are internally displaced, and 4.1 million have returned from displacement either within Ukraine or from abroad, according to the International Organization for Migration (IOM).

“Displacement remains a defining feature of the crisis,” said an IOM spokesperson in a statement on the recent attacks in Ukraine, published on the organization’s website on Tuesday.

IOM also expresses deep concern about the continuing rise in civilian casualties across Ukraine and stresses the urgent need for measures that prioritize the protection of civilians and provide necessary humanitarian assistance.

“The civilian population of Ukraine continues to bear the heavy burden of war as Russian strikes hit towns and villages on the front line and beyond. In July 2025 alone, the Office of the United Nations High Commissioner for Human Rights recorded 286 deaths and 1,388 injuries, the highest monthly figure since May 2022,” the statement said.

The IOM also stresses the urgent need for measures that prioritize the protection of civilians and provide necessary humanitarian assistance.

 

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National Bank of Ukraine reduced sales of dollars to $551 million last week

Last week, the National Bank of Ukraine (NBU) reduced sales of dollars on the interbank market by $21.7 million, or 3.8%, to $551.3 million, which is the same as the week before last, according to statistics on the regulator’s website.

According to the NBU, in the first four days of last week, the average daily negative balance of buying and selling foreign currency by legal entities rose to $78.9 million from $65.6 million in the same period a week earlier and totaled $315.8 million.

The negative balance on the FX market for households also increased to $68.2 million from $44.3 million the week before, although it was declining over the course of the week, from $25.7 million on Monday to $14.0 million on Thursday.

This result was partly due to the high volume of non-cash foreign currency purchases on September 1, which amounted to $32.9 million.

The NBU started publishing weekend foreign exchange statistics separately, whereas previously it combined them with Monday data.

The official hryvnia exchange rate against the dollar weakened from 41.3203 UAH/$1 to 41.3722 UAH/$1 early last week, but on Friday the National Bank strengthened the national currency to 41.2199 UAH/$1. The last time the hryvnia was so expensive was in the third decade of August, and before that – in April of this year.

On the cash market, the dollar also fell by about 6-8 kopecks over the past week: buying to 41.21 UAH/$1, and selling to about 41.30 UAH/$1.

“Domestic demand remains restrained: importers are working as planned, the population is mainly focused on the euro, and the NBU is maintaining the balance without sharp movements. The general characteristic of market behavior is a smooth decline (of the dollar to hryvnia exchange rate) without sharp impulses,” experts of KYT Group, a major participant in the cash foreign exchange market, said.

They added that the spread between buying and selling is stable in a narrow corridor of UAH 0.40-0.50, and market rates remain equidistant from the official one. This indicates a lack of nervousness and support for the “exchange rate consensus” between the market and the regulator.

According to KYT Group’s short-term forecast for the period until mid-September, the exchange rate will remain in the basic range of UAH 41.20-41.70/$1, while the medium-term forecast for 2-3 months envisages a range of UAH 41.50-42.20/$1.

“The Fed’s likely September decision could give momentum in either direction: if the rate is cut, the hryvnia could strengthen in the short term and the dollar could fall to the lower boundary; if it is maintained, quotes will remain closer to the upper boundary,” experts say.

In the long term (6+ months), they maintain the scenario of a smooth devaluation: the expected benchmark is 43.00-44.50 UAH/$1, provided that foreign aid is stable and the NBU’s policy is controlled.

 

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Montenegro’s economy: current situation — analysis of indicators

GDP and economic growth

  • In 2024, Montenegro’s GDP growth was around 3.0%, and a similar rate is expected in 2025 — around 3.0–3.2%.
  • The overall forecast for the six countries of the Western Balkans, including Montenegro, is for economic growth of 3.2% in 2025
  • The World Bank previously gave a slightly more positive scenario — around 3.5% — but then lowered it to 3.2%

GDP

  • According to IMF estimates, the country’s nominal GDP in 2025 is expected to be around $8.56 billion.

Inflation

  • In 2024, the inflation rate was 3.4%, and a further decline to 2.9% is forecast for 2025, with an expectation of 2.3% in 2026.
  • The wiiw organization has also changed its forecast — inflation rose to 4.5% in May 2025, but the average annual estimate has been revised to 3.3%.
  • Thus, inflation in September 2025 could range from 3.0% to 4.5%, approximately 3–3.3%.

Unemployment

  • According to Trading Economics, the unemployment rate fell to 9.13% in June 2025 (from 9.66% in May).
  • According to Eurostat and Wikipedia, this figure was 9.1% in June 2025.
  • WIIW notes that for the first time, the rate fell below 10% — 9.9% (May 2025).
  • Thus, as of September 2025, unemployment fluctuates around 9–9.2%, likely having decreased slightly after the summer.

Additional macro indicators

  • Public debt: projected to grow to a level comparable to 65% of GDP by 2027.
  • Economic Freedom Index: according to the Heritage Foundation, Montenegro scored 63.8 points in 2025 — a moderately free economy, ranking 67th in the world on this indicator.

 

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Uzbekistan and Moldova sign agreement on development of road freight transportation

A meeting of the joint Uzbek-Moldovan Commission on Road Transport was held in Kyzylanav.
The delegations of the Ministry of Transport of Uzbekistan and the Ministry of Transport and Road Infrastructure of Moldova discussed the development of international road freight transportation and the creation of additional conditions for national carriers.
Following the meeting, a protocol was signed amending existing agreements. The document stipulates that starting from the beginning of 2026, bilateral and transit cargo transportation between the two countries will be carried out under a non-permitted system.
The agreement will create new opportunities for national carriers, simplify the transportation of goods to Europe and strengthen Uzbekistan’s export chains.

 

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DBK-4 reduced its profit by 26% in 2024, while its revenue grew by 28%

Domobudivny Kombinat No. 4 (DBK-4, Kyiv), part of the Kyivmiskbud holding, reduced its net profit by 26% compared to 2023 to UAH 3.1 million in 2024.

According to the company’s annual report, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income increased by 27.7% to UAH 488.5 million.

DBK-4’s retained earnings at the end of 2024 amounted to UAH 134.2 million. The company’s current liabilities increased by 11.8% compared to 2023, to UAH 219.1 million, and long-term liabilities increased by 36.6%, to UAH 29.3 million. The value of assets at the end of 2024 increased by 7.7% and amounted to UAH 477.5 million.

According to the report, in 2024, the company completed the construction of one building with a total area of 28.7 thousand square meters for 432 apartments at 22 Konoplyanska Street in Kyiv (Navigator 2 residential complex). The commissioning of the next facility is planned for 2025, as well as the start of work on the construction sites of two buildings in Brovary.

According to the NSSMC, as of the second quarter of 2024, the shareholders of DBK-4 are Petro Shylyuk (39.89%), PJSC Holding Company Kyivmiskbud (30%), Yulia Kostyanova (6.2%), and Svitlana Lysenko (5.2%).

 

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