Business news from Ukraine

Business news from Ukraine

Kyivstar to Launch Pilot Projects for Joint Products from Helsi and Tabletki

Kyivstar, Ukraine’s largest telecommunications operator, which this year acquired the digital medical goods service Tabletki.ua (MTPK LLC) for an amount equivalent to $160 million, plans to launch pilot joint products this year between this service and the Helsi medical information system, which is also owned Kyivstar, and subsequently integrate the Uklon taxi-hailing and delivery service, which the operator acquired early last year for the equivalent of $155 million, Kyivstar CEO and President Oleksandr Komarov announced.

“This vision begins with patients and doctors using the Helsi app. We want them to be able to select and book … medications or pharmaceutical products within a single customer journey, and if necessary, Uklon will deliver them to the patient,” he said during a conference call regarding Kyivstar’s 2025 financial results on Friday evening.
“Our specific plan is to launch pilot projects for certain MVPs (Minimum Viable Products) between Helsi and Tabletki this year. With a clear strategy that we will present to the Kyivstar Group supervisory board sometime in the fourth quarter of 2026,” Komarov noted.

According to him, the group is currently very focused on integrating the acquired businesses.
“We want to integrate from various perspectives, because integrating local businesses into a public company is a challenge. And then we will focus on development strategies and synergies between Helsi and Tabletki, between Uklon and Tabletki, and between Kyivstar and Tabletki.

According to the report, Helsi increased its revenue in the fourth quarter of 2025 by 67.8%—to 95 million UAH, and for the year as a whole, it reached 311 million UAH. The number of active specialists and doctors on the platform grew by 7.5% over the year—to over 42,000—while the number of healthcare facilities increased by 4%—to over 1,700. Although the number of appointments made by patients through the platform decreased by 1.4% last year—to 2.4 million—the number of monthly active users (MAU) grew by 6.7%—to 2.5 million—and the number of paying subscribers increased 3.8-fold, to over 57,000.

The online taxi service Uklon, which was consolidated into Kyivstar’s financial statements in April 2025, generated UAH 3.35 billion in revenue over the last three quarters of last year, with EBITDA of UAH 1.1 billion, including UAH 1.42 billion and UAH 386 million in the fourth quarter, respectively.
The number of Uklon rides in the fourth quarter of 2025 increased by 8.6% compared to the fourth quarter of the previous year—to 43.6 million—while deliveries rose by 21.7% to 1.3 million, and the MAU figure stood at 3.8 million.

The Tabletki service partners with over 14,000 pharmacies across Ukraine and, according to 2025 data, processed 14 million online orders per month.
Komarov was unable to specify Uklon’s market share due to the market’s opacity, but emphasized that the company is clearly the leader, while Bolt and Uber rank second and third, respectively.

According to the head of Kyivstar, Uklon’s business is growing thanks to the continued penetration of ride-sharing services and an increase in market share, as well as the development of an advertising business—built virtually from scratch—at a rate of 100% per year.
“We have our own strategy—let’s call it a modern mobility strategy—centered on Uklon: we want Uklon to expand into the mobility segment. We are already conducting some experiments with special buses for the most popular routes, for example, to Bukovel, … some experiments on how to develop an ecosystem of modern mobility services around the clock,” Komarov said.

When asked about the launch of the Uklon website in Kazakhstan, the head of Kyivstar emphasized that no decisions regarding international expansion have been made yet; outside of Ukraine, the business is currently developing only in Uzbekistan. “We are satisfied with the current results, but we want to be sure that our model of international expansion is sufficiently proven based on the synergy between the telecommunications business and the ride-hailing business,” Komarov explained.

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Annual General Meeting of “Michelin Property-Ukraine” will be held on April 7

According to Fixygen, Michelin Property-Ukraine PJSC has announced that it will hold its Annual General Meeting of Shareholders on April 7, 2026.

According to the information provided, the company’s shareholders are to review the company’s current operations as part of the annual corporate procedure.

The company discloses additional details of the meeting, including the format and agenda, in an official notice to shareholders.

PJSC “Michelin Property-Ukraine” is part of the Ukrainian division of the French Michelin Group, one of the world’s largest tire manufacturers.

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UCAB forecasts 14% drop in sunflower oil exports—to 4.1 mln tons

Sunflower oil exports from Ukraine in the 2025/2026 marketing year (MY) are projected at 4.1 million tons. This is 14% less than the previous season’s figure, the Ukrainian Agribusiness Club (UAC) reported on Facebook.

According to analysts, the main reason for the decline was a reduction in raw material volumes. Specifically, in the current season, the total area planted with sunflowers was 5.2 million hectares, which is 2.6% less than in the previous MY. Difficult weather conditions, particularly a lack of rainfall, led to a decrease in yield to 2.0 t/ha.

“As a result, the seed harvest is expected to reach 10.1 million tons. This is 10.6% less than in the previous marketing year and 13.5% below the average for the last five years,” experts predict.

Due to the smaller harvest, UCAB estimates processing volumes at 10.1 million tons, meaning oil production will drop by 13.1% to 4.3 million tons. Meanwhile, the domestic market will consume only about 240,000 tons of the product.

“Domestic consumption in Ukraine continues to decline due to the partial occupation of territories, forced population migration, and military operations. Therefore, the vast majority of the product will be exported,” explained UCAB, noting that in 2025, sunflower oil alone generated the highest foreign exchange revenue among the entire agricultural sector.

The association expressed confidence that despite the negative production trends, Ukrainian sunflower oil retains its position as a key export commodity in the EU, Middle East, and Asian markets.

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Farmers Have Enough Fuel for 3–6 Weeks of Planting Season — Sobolev

Farmers currently have sufficient fuel reserves for the planting season, enough to cover their needs for three to six weeks, said Oleksiy Sobolev, Ukraine’s Minister of Economy, Environment, and Agriculture.

“Regarding the planting season. We now know that both diesel and fuel are secured for the planting season. We have consulted with the market—fuel reserves are sufficient for three to six weeks,” he said during “Government Hour” in the Verkhovna Rada on Friday, according to a correspondent for the Interfax-Ukraine news agency.

“We will continue to monitor the situation,” the minister added.

As reported, some experts suggested that problems with oil and petroleum product supplies to the market caused by the war between Israel and the U.S. against Iran could lead not only to a significant increase in the price of petroleum products but also to shortages in certain segments, primarily diesel fuel.

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Geographical structure of Ukraine’s foreign trade (imports) in January-September 2025, million usd

Geographical structure of Ukraine’s foreign trade (imports) in January-September 2025, million usd

Open4Business.com.ua

“Poltavpivo” reported profit of 83.4 mln UAH and will retain it as retained earnings

Private Joint-Stock Company “Poltavpivo” reported a net profit of UAH 83.42 million for 2025, which shareholders plan to leave undistributed, the company announced in the NSSMC’s disclosure system.

According to the draft resolution of the annual general meeting scheduled for April 21, 2026 (remotely), shareholders plan to approve the results of financial and operational activities and management reports for the past year.

The agenda also includes a motion to grant preliminary consent for the company to enter into significant transactions during the year to ensure its operations. The maximum aggregate value of such transactions, specifically for the purchase of PET preforms, caps, glass containers, cans, barley, and malt, is set at 430 million UAH.

According to Opendatabot, the company’s net revenue in 2025 increased by 7.1% to UAH 798.6 million, compared to UAH 745.68 million in 2024. The company’s assets are valued at UAH 668.06 million, and its liabilities at UAH 59.4 million. The average salary at the company last year rose to UAH 32,770 (in 2024—UAH 26,830), and the number of employees at the end of the year stood at 267.

PJSC “Poltavpivo” was founded in 1992 on the basis of a plant that has been operating since 1965. The product range includes beer, naturally fermented kvass, lemonades, and energy drinks. The company’s main brands are “Poltava,” “AltMüller,” “Gaiser,” and “LemonGia.” Products are sold through an extensive distribution network in Ukraine and are also exported. Water from the company’s own artesian wells is used in production.

The ultimate beneficiary of the company is Vasyl Lavrichenko; the main shareholder, holding a 96.53% stake, is Emporium-P LLC (Mariupol).

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