Business news from Ukraine

Business news from Ukraine

“Leocon” will hold shareholders’ meeting on April 14

According to Fixygen, PJSC “Leocon” has scheduled a general shareholders’ meeting for April 14, 2026. Based on the available excerpt from the notice, the agenda includes decisions related to the supervisory board, including the approval of terms for contracts with its members.

The company was registered in Kyiv in April 1996. According to Opendatabot, PJSC “Leocon” has a registered capital of UAH 25 million and specializes in the production of electrical distribution and control equipment.

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Council of Europe Development Bank has granted Ukraine two new loans

The Council of Europe Development Bank (CEDB) has granted Ukraine additional loans: 100 million euros for the HOME program to compensate citizens for housing destroyed by the war, as well as 20 million euros to support microenterprises and small farms in Ukraine.

As reported by the Ministry of Finance on Wednesday, the relevant decision was adopted by the EBRD’s Administrative Council on March 16–17, in a joint meeting with the Governing Board attended by Deputy Minister Olga Zykova.

The HOME program is implemented through a state-run housing certificate mechanism, which allows citizens whose homes were destroyed as a result of Russian aggression to receive compensation for the purchase of new housing. Using the previously provided and fully utilized €200 million, 3,774 housing units were purchased for over 13,000 Ukrainians, who received new housing.

“As of early 2026, over 98,000 applications for compensation for destroyed housing have been submitted, indicating a massive need to restore the housing stock. Additional funding will allow us to support another 3,000 families and extend the program’s implementation until June 30, 2028,” the Ministry of Finance noted.

As for the €20 million, this program will be implemented through the National Development Agency (formerly the Entrepreneurship Development Fund), which will provide financing through partner banks and credit unions. The program’s total funding also includes a €4.6 million EU investment grant under the Ukraine Investment Framework, €0.23 million in technical assistance, and a €3 million EBRD grant to cover currency risks.

The program is aimed at supporting entrepreneurs affected by the war, internally displaced persons, veterans, women entrepreneurs, youth, people with disabilities, and small farms, the Ministry of Finance clarified.

It is expected that at least 50% of the €20 million in funding will be directed toward vulnerable groups, and 30% of the investments will go toward energy-efficient and sustainable projects.

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NKMZ ended 2025 with loss of 127.1 mln UAH after profitable 2024

JSC “Novokramatorsk Machine-Building Plant” (NKMZ, Kramatorsk, Donetsk Oblast) ended 2025 with a loss of UAH 127.1 million, whereas in 2024, net profit amounted to UAH 36.3 million.

According to financial indicators published in the NSSMC’s disclosure system in the appendix to the notice of the company’s general meeting of shareholders on April 28, retained earnings as of the beginning of the current year amounted to UAH 1.993 billion (as of the beginning of 2025 – UAH 2.343 billion).

NKMZ’s total assets decreased by 7% over the year to UAH 5.634 billion; in particular, total accounts receivable fell by 9% to UAH 493.9 million.

The company reduced its current liabilities by 21.4% to UAH 536.7 million; there were no long-term liabilities.

The equity of NKMZ as of the beginning of 2026 was UAH 5.097 billion; the authorized capital remained unchanged at UAH 89.3 million.

According to the draft resolutions of the shareholders’ meeting, it is planned to cover the loss incurred in 2025 using retained earnings.

At the same time, it is planned to allocate a portion of retained earnings in the amount of UAH 223,314 thousand for the payment of dividends at a rate of UAH 1,000 per share (with a par value of UAH 400).

As reported, from May to November 2025, the company also paid out UAH 223.3 million in dividends (UAH 1,000 per share), allocating all net profit for 2024 and UAH 186.98 million in previously unused profit toward these payments.

At the meeting, shareholders plan, in particular, to elect a new composition of the supervisory board, reducing it from five to three members, while proposing to re-elect the company’s vice president, Dmytro Skudar, as chairman of the supervisory board for a new term, as well as to include another member of NKMZ President Heorhiy Skudar’s family—V. Skudar—in its composition. It is also proposed to re-elect Irina Varaksina as deputy chair of the supervisory board for a new term.

NKMZ is a city-forming enterprise in Kramatorsk, the largest in Ukraine in the production of rolled, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic, and railway equipment.

As reported, NKMZ’s operations were forced to shut down with the start of Russia’s full-scale military invasion of Ukraine, and it began partially resuming operations on October 1, 2023.

NKMZ did not publish its financial and operational results for 2025, but in January–September 2025, its net sales revenue amounted to UAH 1.174 billion (+51% compared to the same period in 2024), and 78.3% of total revenue came from exports. India was the largest importer.

The plant noted that it is located in a frontline area, and a key factor remains its operations “under conditions of Russian military aggression against Ukraine.”

The number of employees as of early 2025 was 5,660.

According to the NSSMC, as of the fourth quarter of 2025, company president Georgiy Skudar owns over 8.97% of the shares in PJSC “NKMZ,” while Galina Savenko and Olena Yakovleva hold stakes of nearly 33.586% and 33.63%, respectively (according to media reports, Skudar’s daughters – IF-U).

According to the YouControl resource, in 2025 NKMZ increased its net revenue by 29.6% compared to 2024 – to 1.485 billion UAH.

Kalina OJSC is convening a shareholders’ meeting on April 17

According to Fixygen, Kalina OJSC will hold its annual general meeting of shareholders on April 17, 2026. For this company based in the Vinnytsia region, this is a routine annual corporate procedure during which shareholders traditionally approve decisions based on the results of the previous year.

Kalina PJSC was registered in September 2000 in Kalynivka, Vinnytsia region. According to Opendatabot, the company specializes in the production of underwear, has a registered capital of UAH 2.68 million, and is headed by Serhiy Lomachevsky.

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“Kolormet” to Hold Meeting on April 9

According to Fixygen, PJSC “Black Sea Enterprise ‘Kolormet’” has scheduled a general meeting of shareholders for April 9, 2026, to be held remotely. The published notice indicates that shareholders will review the supervisory board’s report, approve the 2025 financial results, and will not distribute profits due to the absence of business activity last year.

The company was registered in Odesa in July 1994. According to the registry, the company’s primary activity is the processing of sorted waste, and its authorized capital amounts to UAH 73,800.

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American magazine TIME has released its list of 100 most remarkable places in world for 2026

The American magazine TIME has released its annual ranking, “The World’s Greatest Places of 2026,” which includes 100 locations in various countries around the world—places to visit and stay, selected by the editorial team as the most interesting, relevant, and those offering new experiences to travelers. The ranking was published on March 12 on the magazine’s website.

As TIME notes, the list was compiled based on nominations from the magazine’s international network of correspondents and authors, as well as through an open call for submissions. The selection included hotels, cruises, restaurants, tourist attractions, museums, parks, and other venues that, in the editors’ opinion, offer “new, exciting, and relevant” experiences.

The 2026 ranking features venues from all key regions of the world. Among them are the Songtsam Lodge Cizhong boutique hotel in China, the Oberoi Rajgarh Palace Resort in India, Hotel Plesnik in Slovenia, Blow Up Hall in Poland, Disney Destiny in the Caribbean, as well as a number of new cultural and tourist destinations in Europe, Asia, Africa, the Middle East, and the Americas. No properties from Ukraine made it into this 2026 ranking.

TIME specifically notes that this year’s selection reflects the growth of global tourist traffic. According to the magazine’s data, approximately 1.5 billion tourists traveled abroad in 2025, which is about 4% more than the previous year. Among the destinations that showed particularly strong growth, the publication highlighted Egypt, Brazil, and Bhutan.

Among the examples TIME cited in the accompanying article to the ranking are the Netflix House in Philadelphia, the artificial surf park Surf Abu Dhabi in the UAE, and the new V&A Storehouse East space in London, which allows visitors to get a closer look at museum exhibits. Thus, this year’s list combines not only classic tourist destinations but also new formats of cultural, gastronomic, and entertainment experiences.

TIME publishes its “The World’s Greatest Places” ranking annually as a separate editorial selection of the most interesting travel destinations. The full 2026 list is available on the publication’s website in the “World’s Greatest Places” section.

 

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