Business news from Ukraine

Business news from Ukraine

Creation of new hub with EUR10 mln investments started in Vinnytsia

The realization of the project of creation of a logistics multi-temperature complex of class “A” with a full range of services of 3PL-operator – Frost HUB Vinnytsia has been started in Vinnytsia Industrial Park, Vinnytsia City Council reports on its Facebook page.

The corresponding memorandum of cooperation was signed on Tuesday between the company-investor and the city council.

As Deputy Mayor Andriy Ocheretnyy noted, the project will help create 150 new jobs and attract about EUR 10 mln of investments.

The launch of the first stage is planned for 2027.

“Vinnytsia stands at the intersection of major logistics routes. It has access to international highways to Romania and Moldova, proximity to ports – and this is a great advantage in the current conditions. Because of the war, many companies are forced to move production facilities to safer regions, so we deliberately chose Vinnytsia for our project,” the report quoted the director and co-founder of Frost HUB Vinnytsia Vitaliy Poghosyan as saying.

He added that the best conditions for investors have been created here: professional turnkey support from the city authorities, five industrial parks with ready infrastructure, engineering networks and stable power supply.

“The future site is fully integrated into the urban space – near public transportation, bicycle lanes, everything for comfortable passage of workers,” Pogosyan noted.

The complex will combine modern warehouses for different temperature regimes and a full range of logistics services. The project envisages cooperation with educational institutions to train a new generation of engineers and power engineers.

Frost HUB Vinnytsia is the first element of a future national network of multi-temperature logistics centers that will provide efficient logistics for the agricultural sector, retail, manufacturers and exporters.

IP “VinIndastri” with an area of 13 hectares was included in the Register of Industrial Parks in October 2023, at the same time the management company of the park became SCP “Vinnytsia Municipal Investment Fund”.

Four residents are declared in the park (Firewood – manufacturer of equipment for production of fuel briquettes and pellets), “Visardi” – metalworking in construction and agriculture), “Smart Line” – equipment for powder coating of metal products and pharmaceutical distributor “BaDM”), and at the beginning of this year it was planned to double its area.

 

,

ADONIS Medical Group to continue developing exosome therapy

ADONIS Medical Group will continue developing exosome therapy based on its own biotechnology laboratory developments at its branch in Obukhov.

According to ADONIS’ press release, this area of the medical group includes its own biotechnology laboratory, cryobank, and a line of cell-free Exoprove preparations, the production of which has been established in the biotechnology laboratory at the Obukhov branch.

“Our own production allows us to guarantee the stable quality and biosafety of our products. Each batch undergoes multi-level control and has a product passport. We are developing cell-free treatment approaches for various areas of medicine, from orthopedics to gynecology,” the biotechnology laboratory notes.

Exosomes are the smallest extracellular nanoparticles that transmit regulatory signals between cells, activate physiological and reparative processes in the body, and, in particular, promote tissue regeneration and reduce systemic and local inflammation. They help cells restore their functions and maintain the body’s homeostasis. Thanks to these properties, exosome therapy is used for chronic, autoimmune, and neurological diseases, as well as in cosmetology and trichology.

The EXOPROVE line includes several cell-free preparations with clearly defined areas of application, in particular for dermatology and cosmetology, hair restoration, systemic anti-inflammatory therapy, gynecological practice and ART, and regenerative orthopedics.

All developments are based on the ADONIS medical group’s cord blood bank and other human tissues and cells, which ensures complete quality control of cell-free products at all stages — from testing donor material to the release and proper storage of the finished product.

ADONIS is a multidisciplinary medical center for adults and children, founded in 1997. Currently, the medical group of companies includes seven modern clinics in Kyiv and the region, more than 80 areas of medicine, its own laboratories, operating centers, hospitals, and departments of specialized specialists.

, ,

Bauxite imports to Ukraine increased by 39% in first nine months of 2025 — State Customs Service

In January-September of this year, Ukraine increased imports of aluminum ore and concentrate (bauxite) in physical terms by 39.4% compared to the same period last year, to 27,219 thousand tons.

According to statistics released by the State Customs Service (SCS), during this period, bauxite imports in monetary terms increased by 24.1% to $3.021 million.

At the same time, imports were mainly from Turkey (81.98% of supplies in monetary terms), China (17.16%), and Guyana (0.86%).

Ukraine did not re-export bauxite in 2025, as in 2024 and 2023.

As reported, in 2024, Ukraine increased its imports of bauxite in physical terms by 77.4% compared to 2023, to 35,173 thousand tons, and in monetary terms by 74%, to $4.107 million. Imports were mainly from Turkey (78.48% of supplies in monetary terms), China (19.48%), and Spain (1.9%).

In 2023, Ukraine imported 19,830 thousand tons of bauxite worth $2.360 million.

In 2022, Ukraine reduced imports of aluminum ores and concentrates (bauxite) in physical terms by 81.5% compared to the previous year, to 945,396 thousand tons. Bauxite imports in monetary terms decreased by 79.6% to $48.166 million. Imports were mainly from Guinea (58.90% of supplies in monetary terms), Brazil (27.19%), and Ghana (7.48%).

Bauxite is an aluminum ore used as a raw material for producing alumina, which is then used to produce aluminum. It is also used as a flux in ferrous metallurgy.

Bauxite is imported into Ukraine by the Mykolaiv Alumina Plant (MAP).

,

State-owned company Ukrenergomashiny to receive UAH 661,000 in dividends for 2024

JSC Ukrenergomashiny (Kharkiv) ended January-June of this year with a net profit of UAH 0.49 million, compared to UAH 20.81 million for the same period last year.

According to the company’s financial report on its website, net income decreased slightly, by 3.4%, to UAH 468.85 million.

The company received UAH 13.84 million in operating profit (three times less), and gross profit exceeded last year’s figure by 20.2%, amounting to UAH 140.68 million.

As reported, in the first quarter of this year, UkrEnergoMashyn’s net profit increased by 35% compared to January-March 2024, to UAH 0.25 million, with net income growing by 23.4% to UAH 225.3 million.

Thus, in the second quarter, the plant received UAH 0.24 million in net profit (in April-June 2024 – UAH 20.62 million), while net income decreased by 19.5% to UAH 243.55 million.

JSC Ukrenergomashiny, more than 75.22% of whose shares are owned by the state, is the only manufacturer of turbine equipment for hydro, thermal, and nuclear power plants in Ukraine. It also produces electric motors for rail and urban transport.

According to the company’s annual report, in 2024, it more than doubled its net income to almost UAH 799 million and received UAH 0.88 million in net profit compared to UAH 0.2 million in 2023.

As reported, according to the decision of the shareholders, from October 1 to October 28 of this year, Ukrenergomashiny will pay dividends for 2024 in the amount of UAH 660,660 (75% of the net profit received) at the rate of UAH 0.00156 per share with a par value of UAH 0.25.

The average number of employees in 2024 was 2,739 thousand people (3,492 thousand in 2023).

,

Group that was implementing large-scale fraudulent scheme has been unmasked in Odessa

Law enforcers in Odessa exposed a criminal group, which realized a large-scale fraudulent scheme with the use of fictitious investment platforms, reports the press service of the National police of Ukraine.

“Attackers created websites of non-existent companies, whose names were periodically changed in order to conspire criminal activity, where they placed false information about allegedly entrepreneurial activities in the field of arbitrage advertising traffic and cryptocurrency assets. Potential investors were offered to register personal accounts, where they could choose a certain investment plan, fund their accounts and “receive dividends”. In reality, the funds were immediately accumulated on the controlled crypto wallets of the participants of the fraudulent scheme. Having reached the goal, they stopped communication with the victims”, – is indicated in the message.

According to the investigation, organized “business” 28-year-old resident of Odessa, attracting to its implementation a group of persons, including a specialist in the IT-sector, which created and administered the websites of fictitious companies, as well as “callers” who contacted potential victims. The participants worked both remotely and from specially equipped offices in Odessa, which functioned as call centers.

Law enforcers established a cryptocurrency wallet controlled by the attackers, the total amount of proceeds to which exceeded UAH 24 million in 2024-2025. For conspiracy, the figures controlled it from a private key, which did not belong to any known service or exchange.

“According to preliminary data, the actual number of victims, including foreigners, may exceed 1,500 people, to establish which it is necessary to conduct a number of investigative actions, including in the framework of international cooperation,” – said the police.

To solve the crime, a joint investigative team between the competent authorities of Ukraine and the Republic of Kazakhstan has been created. With the involvement of special units of the NPU, GUNP in Odessa region and employees of the Department of cyberpolice of the Republic of Kazakhstan was conducted a number of searches and seized a number of evidence of illegal activities.

So far, the police have documented illegal activities of the group’s members against seven investors from Ukraine, Kazakhstan, Armenia, Kyrgyzstan and other countries. The damage caused to the investors amounts to $92 thousand.

Investigators detained eight members of the group, another one is wanted. In the presence of sufficient evidence, all the defendants are reported on suspicion of taking possession of other people’s property by deception, i.e. fraud, committed by prior conspiracy of a group of persons, through illegal operations with the use of electronic computers, under martial law, in especially large amounts.

According to the sanction of part 5 of article 190 (fraud) of the Criminal Code of Ukraine, the perpetrators face up to 12 years of imprisonment with confiscation of property.

https://www.fixygen.ua/news/20251009/v-odesi-vikrito-ugrupovannya-yake-realizovuvalo-masshtabnu-shahraysku-shemu.html

 

,

Cocoa market is rapidly falling in price due to weak demand and good harvest

Cocoa futures prices have fallen to 20-month lows, dropping by about half compared to recent peaks.

The most active cocoa bean futures contract in New York fell to $6,150 per tonne during the session. Last December, the contract traded above $12,000.

In London, cocoa futures are trading at £4,262 ($5,713) per ton, down 58% from the multi-year highs seen last April.

The decline in cocoa prices was the result of a reduction in consumer demand, which, in turn, was caused by a sharp increase in prices in recent years, the Financial Times writes, citing analysts. In addition, experts expect a good harvest of cocoa beans in the largest producing countries located in West Africa.

“Prices rose to crazy heights and could not remain at such levels for long,” said Rabobank analyst Oran van Dort. “Quotations have been falling for most of this year, but a particularly pronounced downward trend has been observed since mid-August.”