Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” Reduced Rolled Steel Shipments by 6.3% in First Half of Year

The Zaporizhzhia Metallurgical Plant “Zaporizhstal” reduced its rolled steel shipments by 6.3% in January–June of this year compared to the same period last year—to 1,272,200 metric tons from 1,317,500 metric tons.

According to the company’s press release, steel production for the first six months of the year totaled 1,442.9 thousand metric tons (compared to 1,564.1 thousand metric tons in January–June 2025), while pig iron production totaled 1,556.2 thousand metric tons (compared to 1,719.4 thousand metric tons).
In June, Zaporizhstal produced 301.2 thousand metric tons of pig iron and 284.9 thousand metric tons of steel, and shipped 243.7 thousand metric tons of rolled steel, whereas in the previous month it produced 242.1 thousand metric tons of pig iron, 243.4 thousand metric tons of steel, and shipped 208.9 thousand metric tons of rolled steel.

As reported, in 2025, Zaporizhstal increased its rolled steel output by 15.2% compared to the previous year—to 2,794.6 thousand metric tons from 2,426.7 thousand metric tons. Steel production amounted to 3,212,200 metric tons (compared to 2,890,800 metric tons in 2024), and pig iron production to 3,567,800 metric tons (compared to 3,106,300 metric tons).
In 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023—to 2,426,700 metric tons from 2,054,700 metric tons—and its steel output by 17.2%, to 2,890.8 thousand metric tons, and pig iron by 14.2%, to 3,106.3 thousand metric tons.

“Zaporizhstal” is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both in the domestic market and in many countries around the world.
Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are PJSC System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Fraudulent Network of Crypto Exchanges Uncovered in Ukraine

Law enforcement officials have uncovered a fraudulent network of crypto exchanges operating in seven regions of Ukraine and, during searches, seized cash in various currencies totaling more than 20 million hryvnia, according to Ukraine’s Prosecutor General Ruslan Kravchenko.

According to him, under the guise of a currency and crypto-asset exchange service, the scheme’s participants defrauded citizens of their funds. To do so, they used a website, Telegram, an order system, confirmation codes, and a network of exchange locations, creating the impression of a legitimate financial service.

As Kravchenko explained, after a request was submitted, a manager would contact the client to provide the request number, a unique confirmation code, the address of the exchange location, and other details. After handing over the cash, clients received neither crypto assets nor a refund; instead, they were given vague explanations, and the process was dragged out indefinitely.

According to the Prosecutor General, while the crime was being documented, members of the network used a similar scheme to embezzle 50,000 UAH as part of an undercover purchase, which, in his opinion, indicates that a well-established mechanism was in operation.
“If a person transfers money and receives nothing in return, that is not a business model but a subject of criminal proceedings,” Kravchenko noted.

He also reported that notices of suspicion are being prepared for the scheme’s participants regarding the fraudulent misappropriation of another’s property, committed by a group of individuals acting in concert, and that the investigation is ongoing to identify all those involved in the platform’s operation—from the organizers to the individuals who accepted funds from the victims.

For its part, the National Police of Ukraine reported that investigators and cyber police, as part of the criminal investigation into the fraud, are conducting more than 40 urgent searches at the residences of those implicated and at currency exchange offices.

“The currency exchange network was conducting business activities without the appropriate licenses. Furthermore, under the guise of providing currency exchange services and purchasing cryptoassets, its members embezzled citizens’ funds. After transferring the money, the victims did not receive the promised cryptoassets, and contact with the suspects was severed,” reads a statement released on the National Police’s Telegram channel by its press service.

The police also reported that, as part of the investigation, documents, vehicles, and cash are being seized to facilitate the subsequent compensation of losses to the victims. One member of the criminal group has been detained in accordance with Article 208 of the Criminal Procedure Code of Ukraine. He is to be notified of the charges against him and served with a motion for the imposition of a preventive measure.

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Odesa Investment Congress will present its updated program on July 10

The Odesa Investment Congress has updated the program for the forum, which will take place on July 10, 2026, in Odesa at the SPATIUM Hotel and will run from 8:00 a.m. to 9:00 p.m.

The final program for the congress includes two conference halls operating throughout the day—from the first panel discussion to the gala evening and concert program. The organizers note that there are only a few days left before the event begins, and seating is limited.
The program for July 10 includes a press conference on accessibility as a new urban philosophy, featuring government officials, as well as panel discussions on Odessa’s investment appeal, new investments in the regions, wellness as a new urban economy, and the development of medical, rehabilitation, and inclusive spaces.

Representatives from SPATIUM, ZEZMAN Holding, KADORR, “Gefest,” “Two Academicians,” Akvareli, Ribas Hotels, and other companies will join the discussion on Odessa’s investment appeal. A separate panel will be dedicated to new investments in the regions, featuring RIEL, UDP, SAGA, Creator-Bud, Avalon, SIGMA+, and CREDO.
One of the central segments will be a presentation by the SUPERHUMANS team in Odesa and a discussion on the development of medical, rehabilitation, and inclusive spaces. The program also includes a discussion on the topic “Odesa and UNESCO: Heritage Preservation vs. Modern Development.”

The URBAN DESIGN hall will host discussions featuring the chief architects of Kyiv, Lviv, Mykolaiv, Zhytomyr, Vinnytsia, and Rivne; a panel titled “Women Shaping Ukrainian Space”; workshops by the BOARD business community featuring Netpeak and Profiles; and an Evening Talk on premium-level sales.
The day will conclude with a gala evening, a concert program, and the presentation of the Vasyl Kandinsky Special Award.

A special program is also planned for congress guests on July 9 and 11, which will include private site visits, presentations, and a dinner.
Tickets for the Odesa Investment Congress are available on the website: ubc-ua.info/oic. VIP guests, speakers, and partners can contact us at: 077 777 25 47.

The Odesa Investment Congress is organized by the DMNTR media group. The general partner is SPATIUM Group.
The Interfax-Ukraine news agency is the information partner of the Odesa Investment Congress.

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Parallel Has Switched to E10 Standard: Another Step Toward Modern and Eco-Friendly Fuel

The Parallel-branded gas station chain continues to implement modern European fuel quality standards. From now on, the 95 Euro and 95 Perfekt gasoline grades available at all gas stations in the chain comply with the E10 standard and contain up to 10% bioethanol. The new product is imported in finished form from European markets.

The transition to E10 is an important milestone in the development of the Ukrainian fuel market and aligns with European practices of using more environmentally friendly fuels. Thanks to bioethanol, which is produced from renewable plant-based raw materials, the carbon footprint is reduced, and the use of this gasoline helps cut greenhouse gas emissions.

At the same time, the most important thing for Parallel’s customers remains unchanged: high-quality fuel. 95 Euro and 95 Perfekt gasoline ensure stable engine performance and meet current quality requirements.

“We are consistently implementing solutions that meet modern European standards and our customers’ expectations. The transition to E10-standard gasoline is not only about meeting new requirements but also about contributing to a more environmentally friendly future. At the same time, we guarantee the consistently high quality of fuel that our customers receive every day at

Parallel-branded gas stations,” said Alexander Dubinin, owner and CEO of the Parallel gas station network.

Parallel continues to work toward offering drivers fuel that combines high quality with compliance with international standards.

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Insurance Company “PZU Ukraine Life Insurance” to Pay Over 150 Million UAH in Dividends

At a meeting on June 30, the shareholders of PJSC “Insurance Company ‘PZU Ukraine Life Insurance’” (Kyiv) decided to allocate 151.969 million UAH of the profit earned in 2025 toward dividend payments.

As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the payment will be made by the end of 2026.

The total dividend per ordinary registered share of PJSC Insurance Company “PZU Ukraine Life Insurance” has been set at 812.62 UAH.

Dividends will be paid directly to shareholders in accordance with Ukrainian law.

It is emphasized that the amount of dividends due to Powszechny Zaklad Ubezpieczen SA is 81.261 million UAH, to Rowszechny Zaklad Ubezpieczen na Zycie SA – 8,126 thousand UAH, and to PZU Ukraine Life Insurance Company – 70.699 million UAH.

PZU Ukraine Life Insurance PJSC has been operating since 2003. It is part of the PZU Group—one of the oldest and largest in Poland in terms of gross written premiums (according to data from the Polish Financial Supervision Authority).

 

KSG Agro Begins Harvest on Nearly 5,000 Hectares

The agricultural holding KSG Agro has begun harvesting winter barley, winter wheat, and spring barley across a total area of 4,960 hectares.

According to the company’s press service in response to a request from Interfax-Ukraine, winter wheat will be harvested from 3,700 hectares, winter barley from 562 hectares, and spring barley from 698 hectares.

“This year’s weather conditions have allowed the entire grain crop to reach maturity and be ready for harvest almost simultaneously. In particular, the moisture content of the wheat grain is 13–16%, which is the optimal level for starting the harvest. While we previously planned to harvest crops in stages, under current weather conditions we are conducting an intensive and time-compressed harvest campaign that will last about 10–12 days,” the press service quoted Vitaliy Nekhay, head of KSG Agro’s crop production division, as saying.

The report notes that nine combine harvesters and 25 trucks for transporting grain are being used to harvest winter barley and winter wheat.

“The holding expects slightly higher yield figures than previously forecast. In this regard, the farms are paying special attention to minimizing losses during harvesting to prevent the grain from drying out and to ensure an optimal gross harvest,” the statement said, citing the head of the crop production division.

As previously reported, the agricultural holding KSG Agro intends to invest over 25 million UAH in creating an autonomous water supply system for one of its pig farms and plans to fully supply it with water from its own sources by the end of 2026.

KSG Agro is a vertically integrated holding company engaged in pig farming, as well as the production, storage, processing, and sale of grains and oilseeds. The company’s land bank in the Dnipropetrovsk and Kherson regions totals approximately 21,000 hectares. The agricultural holding is among the top five largest pork producers in Ukraine.

Serhiy Kasyanov remains the ultimate beneficiary of the holding company; through Olbis Investment LTD SA, he owns 47.83% of the shares, while 47.57% of the shares are freely traded on the Warsaw Stock Exchange.

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