Business news from Ukraine

Business news from Ukraine

Schneider Electric Becomes McLaren Racing’s Official Energy Technology Partner

McLaren Racing and Schneider Electric, a global leader in energy technologies, announced today that Schneider Electric will become the official energy technology partner of McLaren Racing, including the McLaren Mastercard Formula 1 Team, the Arrow McLaren IndyCar Team, the McLaren F1 Academy, and the McLaren United Autosports WEC Hypercar Team.

Together, Schneider and McLaren Racing will develop and implement energy technologies that deliver maximum performance under the most demanding conditions—both in ensuring a reliable power supply directly at race tracks around the world and at the McLaren Technology Centre in Woking, UK. The partnership is rooted in a shared culture based on the intelligent use of data, accelerated innovation, and engineering excellence.

Schneider and McLaren Racing will build on their supplier relationship, which spans over 20 years, to tackle complex energy challenges where performance and uptime are critical. This will include optimizing existing assets—including the wind tunnel, manufacturing facilities, data centers, and other sites—using sustainable systems to reduce energy consumption, promoting electrification through advanced energy technologies, and leveraging digital twin technology to generate data analytics for improved efficiency and sustainability.

Zack Brown, CEO of McLaren Racing, said:

“We are delighted to welcome Schneider Electric as our official energy technology partner. This partnership is built on a strong foundation and reflects our shared commitment to innovation and energy efficiency. By combining Schneider’s expertise in energy technologies with McLaren’s pursuit of peak performance, we will unlock new ways to make our operations smarter and more efficient.”

Olivier Blum, CEO of Schneider Electric, noted:

“Racing is one of the most demanding environments for demonstrating the value of advanced energy and digital technologies. McLaren Racing pushes every system to its limits—that’s where our expertise in performance, reliability, and efficiency is crucial. We are proud to become McLaren’s official energy technology partner, providing energy analytics they can rely on both on and off the track.”

About Schneider Electric

Schneider Electric is a global leader in energy technologies, driving efficiency and sustainability through the electrification, automation, and digitalization of industry, business, and residential spaces. The company’s technologies enable buildings, data centers, factories, infrastructure, and power grids to function as open, interconnected ecosystems, enhancing productivity, resilience, and sustainability.

The company’s portfolio includes smart devices, software-defined architectures, AI-based systems, digital services, and professional consulting services. With 160,000 employees and 1 million partners in over 100 countries, Schneider Electric consistently ranks among the world’s most sustainable companies.

Learn more at https://www.se.com/ua/uk/

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Cherkasy Bus saw its net profit drop by 32% to 83 mln hryvnias

According to preliminary data, Cherkasy Bus JSC ended 2025 with a net profit of UAH 82.98 million, which is 32% less than the corresponding figure for 2024, as indicated in the agenda for the company’s annual general meeting of shareholders summarizing last year’s results.

According to the draft resolution of the meeting scheduled for April 24, published in the disclosure system of the National Securities and Stock Market Commission (NSSMC), shareholders intend to retain 95% of the profit earned, or UAH 78.83 million, at the company’s disposal, and allocate 5% (UAH 4.15 million) to the reserve fund.

As previously reported, based on the results of operations in 2024, the shareholders of “Cherkasy Bus” also allocated nearly all of the net profit to development. Meanwhile, the planned profit for 2025 amounted to UAH 102.8 million.

At the meeting, it is planned, in particular, to approve a projected profit target for 2025 of UAH 143.83 million.

Shareholders also plan to re-elect the chair and members of the supervisory board, as well as appoint TOA “Advo-Audit” as the auditor of the company’s financial statements for 2026.

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Oleksandr Dorosh, head of the “Isuzu-Ataman Ukraine” business, owns nearly 42.29% of the shares of JSC “Cherkasy Bus,” Anna Suprun owns nearly 13.65%, and three other individuals, including long-time board chairman Vitaliy Raabe, each hold 7.9275%.

The company’s authorized capital is UAH 162.97 million.

Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including school buses) as well as other wheeled vehicles based on Japanese Isuzu components, specifically Isuzu trucks, using a semi-knockdown assembly method.

The plant did not disclose the number of buses and trucks produced and sold in 2025, but in 2024, according to its data, it reduced bus production by nearly 15% compared to the previous year, to 425 units, and truck production by 15%, to 321 units; bus sales decreased by 15.7% to 425 units, while truck sales increased by 8% to 319 units.

At the same time, the plant plans to manufacture 385 buses, 300 trucks with a payload capacity of 3 to 18 tons, and 302 Isuzu pickups for the National Police, the State Emergency Service, the State Border Guard Service, and other companies in 2025.

In addition, construction of a small-series production facility was scheduled to begin in the third quarter of 2025.

According to data from YouControl, in 2025 the company reduced its net sales revenue by 2.2% compared to 2024—to 1.733 billion UAH. Retained earnings as of early 2026 amounted to 346.2 million UAH.

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Administrative barriers slowing down entry of new housing into market – Ukrainian Association of Developers

Administrative barriers are one of the key factors slowing down the entry of new housing into the market, said Yevhen Favorov, head of the Ukrainian Association of Developers, during a roundtable discussion.

According to him, the government has now become one of the key drivers of housing demand in Ukraine: programs offering subsidized mortgages, compensation for destroyed housing, programs for military personnel, and other government initiatives are generating significant effective demand. However, the market cannot respond to demand immediately, since by the time a building is commissioned, 80–90% of the most liquid apartments have usually already been sold.

“If the government wants to secure additional housing stock for its programs, it will take time—at least 2–4 years, a significant portion of which is devoted to the administrative preparation of the project,” Favorov noted.

According to him, the association he heads conducted its first annual industry survey of developers, in which 120 respondents participated—owners, executives, and specialists from development companies, who collectively account for one-third of the total supply in the primary residential construction market. According to the survey results, the average duration of administrative project preparation—from land registration to obtaining a construction permit—is approximately 14.4 months; land rights registration takes 13.3 months; and obtaining urban planning conditions and restrictions (UPC) takes an additional 9.78 months.

Respondents cited problems with obtaining UCRs (35%), difficulties in the area of land and property relations (30%), instability of permits and their revocation (24%), difficulties in obtaining technical specifications (22%), as well as constant changes to rules, requirements, and legislation (20%).

Among the procedures that, according to developers, most need optimization at the state level, the top priorities are cultural heritage protection (49%), cadastral and land procedures (29%), access to urban planning information (28%), and digital services and registries (26%).

During the discussion, Olena Shulyak, Chair of the Parliamentary Committee on the Organization of State Power, Local Self-Government, Regional Development, and Urban Planning, emphasized that the problem with administrative permits is much deeper than simply a matter of administration or the speed of document issuance.

“Urban planning permits have effectively become a quasi-licensing tool that creates corruption risks, reinforces the monopoly of local authorities, and in some cases places developers in a dependent position,” Shulyak believes.

At the same time, she believes a systemic solution to this problem is impossible without up-to-date urban planning documentation—digitized and made public at the national level—so that the market has access to clear and transparent rules. The MP also called for a resolution to be submitted to the government as soon as possible, one that establishes a mechanism to address unjustified refusals by local authorities to issue building permits and empowers the State Architecture and Urban Planning Inspectorate (DIAM) to act as an arbitrator in such situations.

Oleksandr Novytskyi, Head of the State Architecture and Urban Planning Inspectorate (DIAM), added that the set of technical specifications and utility connections requires separate reengineering—with a transition to a unified digital process and a “single window” for the client.

Market representatives, in turn, confirmed that the absence or long-standing rejection of urban planning documentation has not only regulatory but also direct economic consequences: land plots are not being developed, investments are being postponed, and housing supply is not reaching the market in the necessary volume.

The survey results will serve as the basis for the association’s future advocacy work in collaboration with the government and the professional community.

Source: https://interfax.com.ua/news/economic/1153732.html

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Ice cream designed to help you sleep has been launched in UK

The UK has launched the Snooz ice cream brand, which is positioned as a product for evening consumption and contains chamomile, lemon balm, magnesium, and theanine. The launch of the new line was reported by specialized British publications covering branding and consumer trends.

According to the reports, the brand is capitalizing on consumers’ habit of eating ice cream in the evening. Materials about the launch of Snooz state that over 60% of ice cream is consumed after 6:00 PM, and the product’s positioning is built on this insight.

The ice cream’s ingredients include chamomile, lemon balm, magnesium, and theanine, which the brand classifies as sleep-friendly ingredients. However, available reports focus on the product’s marketing positioning as a better option for a late-night snack, rather than a medically proven remedy for insomnia.

The Snooz line features three main flavors: vanilla, chocolate, and salted caramel.

 

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Creator of HAWK meme coin spoke about project’s collapse and its consequences for her

The creator of the Hawk Tuah (HAWK) meme coin has publicly commented for the first time on the project’s sharp decline and admitted that she has suffered severe consequences following its collapse. She spoke about this in an interview cited by Incrypted.

According to her, the token’s launch was accompanied by hype and a rapid surge in interest from the crypto community; however, the project soon faced a sharp correction and a loss in value. Following the crash, HAWK faced criticism from investors, and the team itself came under pressure from the community.

The project’s creator admitted that she experienced severe stress and emotional burnout due to the audience’s reaction and the scale of negative comments. She noted that she was not prepared for the level of attention and responsibility that arose around the token in such a short time.

The interview also highlights that meme coins remain one of the most volatile segments of the crypto market, where success is often short-lived and depends on hype, influencers, and community sentiment rather than the project’s fundamental value.

The situation with HAWK serves as yet another example of the risks faced by retail investors entering such assets at the peak of interest. In the absence of a sustainable token economy and a transparent development model, such projects can quickly lose value, leaving investors with losses.

FIXYGEN notes that the current memecoin market continues to develop as a high-risk segment where marketing, community, and liquidity remain key factors, rather than the technological foundation. The collapse of HAWK intensifies the debate on the need for greater transparency and accountability from the creators of such projects.

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Platinum has lost nearly 12% amid sell-off in precious metals

On Monday, platinum is posting the sharpest decline among major precious metals amid a strengthening U.S. dollar and deteriorating expectations regarding Federal Reserve policy. As of 9:25 a.m., platinum futures fell 11.7% to $1,740 per ounce.

The platinum market is declining in tandem with gold and silver, reacting to the strengthening dollar and the growing likelihood that the Fed may keep rates high longer than expected. When the U.S. dollar is strong, global investors’ interest in precious metals typically wanes.

Platinum faces additional pressure because it is viewed not only as a safe-haven asset but also as a commodity sensitive to the outlook for global industry.

Platinum is of key importance to industry, primarily to the automotive sector, the chemical industry, oil refining, hydrogen energy, and catalyst production. For the financial market, it is important as an exchange-traded metal with an investment function; however, its value depends more heavily on the state of the real economy than that of gold.

Previously, the Experts Club analytical center released a video analysis on the production of platinum group metals by the world’s leading producers for the period 1971–2024: – https://youtube.com/shorts/vj4mBkJVxrg?si=pPTU6_l0t9-iCBb4

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