Business news from Ukraine

Business news from Ukraine

Azerbaijan has suspended transport across state border with Iran

Azerbaijan has suspended transport across the state border with Iran and closed its airspace at the border. Earlier, Azerbaijan accused Iran of launching drone strikes on the territory of the Nakhchivan Autonomous Republic and said it reserved the right to take appropriate measures. The Azerbaijani Foreign Ministry reported that one drone hit the Nakhchivan airport terminal, while another fell near a school building in the village of Shakarabad. Two civilians were injured in the attack, and the airport buildings were damaged.

The Azerbaijani Foreign Ministry demanded that Tehran provide an explanation as soon as possible, conduct an investigation, and take measures to prevent similar incidents from recurring. The Iranian ambassador was summoned to the ministry to receive a note of protest.

Against the backdrop of the incident, regional media and expert commentators are discussing the possibility of invoking the mechanisms provided for in the Shusha Declaration on Alliance Relations between Azerbaijan and Turkey. The document stipulates that in the event of a threat or act of aggression by a third state, the parties shall hold joint consultations and provide each other with the necessary assistance in accordance with the UN Charter.

At the time of publication, there was no official announcement of the start of formal consultations on the Shusha Declaration, but Ankara and Baku maintain constant coordination on regional security issues, including at the level of the foreign ministries.

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Trump calls for adoption of SAVE America Act and stricter voting rules

US President Donald Trump has published a list of initiatives on social media under the title “SAVE America Act,” in which he calls for the introduction of mandatory ID checks for voters and documentary proof of US citizenship.

Meanwhile, Congress is considering a Republican bill called the SAVE America Act (Safeguard American Voter Eligibility Act), which requires documentary proof of citizenship when registering to vote in federal elections and introduces stricter voter identification rules, as well as separate requirements for procedures related to absentee/mail ballots. The House of Representatives passed the bill in February, but it has not yet advanced in the Senate.

In his post, Trump also stated the need to ban mail-in voting, except in cases of illness, disability, military service, or travel. At the same time, experts point out that a complete ban on “universal” mail-in ballots is not included in the text of the bill, although such an idea has been discussed.

In addition to electoral provisions, Trump mentioned measures concerning the participation of men in women’s sports, as well as sex reassignment surgery for minors. According to his wording, such interventions should only be possible with the written consent of the parents.

These points are not related to the voting rules bill and are presented as political demands in a single list.

 

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Opillia Brewery to hold shareholders’ meeting on March 31

According to Fixygen, Opillia Brewery will hold a remote general meeting of shareholders on March 31, 2026, through the Ukrainian depository system.

The agenda includes, in particular, the approval of annual reports, review of management reports, distribution of profits or coverage of losses, as well as organizational issues.

Opillia PJSC is a brewing company from Ternopil, one of the oldest regional brands in Ukrainian brewing.

 

Online meeting will be held at Kharkiv Tractor Plant on March 27

According to Fixygen, PJSC Kharkiv Tractor Plant will hold a remote general meeting of shareholders on March 27, 2026, through the Ukrainian depository system.

The agenda includes the approval of annual results and reports, review of management reports, decisions on the distribution of profits or coverage of losses, as well as organizational issues.

Kharkiv Tractor Plant PJSC is one of the largest machine-building enterprises in Ukraine, founded in 1930 in Kharkiv. The plant specializes in the production of tractors and equipment for the agricultural sector.

 

Altera Asset Management shareholders to approve annual reports remotely

According to Fixygen, Altera Asset Management will hold a remote general meeting of shareholders on March 13, 2026, through the Ukrainian depository system.

The agenda includes typical annual meeting items, such as approval of annual reports, review of management reports, distribution of profits or coverage of losses, approval of the auditor, and other items within the competence of the general meeting.

Altera Asset Management PJSC is an asset management company operating in the collective investment market.

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Ukraine needs national fire testing center, says expert

Ukraine needs a modern national fire testing center of European standard, with an expanded material and technical base and the possibility of full integration into the European conformity assessment system, said Konstantin Kalafat, director of Kovlar Group LLC, in an exclusive interview with Interfax-Ukraine.

“European integration processes in our country have launched a mechanism for adapting national standards to EU norms and introducing technical regulations. Technical requirements for building materials are now regulated by more than 500 harmonized national standards and about 300 so-called European documents on determining acceptability. Each of them contains dozens of product indicators that the manufacturer must confirm through testing in appropriate laboratories. Unfortunately, Ukraine currently does not have a testing laboratory that could conduct a full range of tests on building materials according to these indicators,” Kalafat said.

As for individual tests of fire-resistant materials and the availability of laboratories, there are accredited testing centers in Ukraine that allow such types of certification tests to be carried out. Kovlar Group has been cooperating with one of these centers since its inception. As Kalafat emphasized, professional fire tests of fire protection are a very important component of market stability and transparency.

“That is why Ukraine today needs a modern national fire testing center of European level – with an expanded material and technical base and the possibility of full integration into the European conformity assessment system. As industry experts, we are ready to join in initiating and implementing such a project. The development of a testing base is not a matter of competition between manufacturers, but a matter of the competitiveness of the entire country and trust in Ukrainian products at the international level,” he concluded.

Kovlar Group LLC was founded in 2015 in Kyiv and is the largest manufacturer of passive fire protection products in Ukraine. According to OpenDataBot, the company’s authorized capital is UAH 1.2 million, and its ultimate beneficiaries are Kostyantyn Kalafat (40%), Andriy Ozeychuk (35%), and Lyubov Vakhitova (25%). The company’s revenue for 2024 amounted to UAH 91.3705 million, which is twice as much as in 2023, and its net profit was UAH 13.4 million, which is 1.7 times more than in 2023. In the first quarter of 2025, the company’s revenue amounted to UAH 13.5 million, and net income amounted to UAH 1 million 983 thousand.

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