Business news from Ukraine

Business news from Ukraine

“Ukrenergomashiny” to Pay 2.3 Mln UAH in Dividends for 2025

JSC “Ukrenergomashiny” (Kharkiv), more than 75.22% of which is owned by the state, will pay out nearly UAH 2,305,000 (or 75% of its net profit) between October 1 and 29 of this year based on its 2025 performance.

According to a notice published in the disclosure system of the National Securities and Stock Market Commission, the relevant decision was adopted by the general meeting of shareholders on April 29, and on June 10, a list of persons entitled to receive dividends, as well as the procedure and deadline for their payment, was drawn up.
Dividends will be paid at a rate of 0.0055 UAH per share with a par value of 0.25 UAH.

As reported, UAH 1.73 million in dividends will be paid to the state-owned share.
JSC “Ukrenergomashiny” (formerly JSC ‘Turboatom’ and “Elektrovazhmash”) is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures, among other things, electric motors for rail and urban transport (the “Elektrovazhmash” product line).

In 2025, the company increased its net sales revenue by 32.9% compared to 2024—to UAH 1.06 billion, while net profit increased 3.5-fold—to UAH 3.07 million.
In addition to the state, the company’s shareholders (according to the NSSMC as of the first quarter of 2026) include the “Seventh” investment fund—managed by the asset management company “Svarog Asset Management” and linked to entrepreneur Kostyantyn Hryhoryshyn—holding 15.3416% of the shares, non-resident Valery Valandin – 5.598% of shares.

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EBRD plans to approve loan of up to EUR 15 mln for Kharkiv

On June 12, the European Bank for Reconstruction and Development (EBRD) plans to approve a loan of up to EUR 15 million for Kharkiv to restore heat supply following critical damage in February 2026 to the city’s largest combined heat and power plant, CHPP-5.

According to the bank’s materials, the financing is planned to be used to purchase up to 22 small and medium-sized modular gas-fired boiler houses with cogeneration units, as well as five small cogeneration units for existing boiler houses.

The loan is part of a broader EUR32 million package, which also includes an investment grant from the European Union (EU) of up to EUR17 million.

Given the war risks, the EBRD loan is also expected to receive a partial EU guarantee to cover first-loss risk.

According to the EBRD’s estimates, the project will reduce greenhouse gas emissions by 19,100 metric tons of CO2 equivalent per year.

It is noted that the project is expected to restore access to basic heat supply services for a broad and vulnerable group of consumers, including 99,300 residents—more than 16,500 of whom are internally displaced persons (IDPs)—as well as 23 educational institutions and seven medical facilities.

According to the EBRD, as of early 2026, 212,000 IDPs were officially registered in Kharkiv.

The project is being implemented under the Resilience and Livelihoods Facility (RLF) program.

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NBU Fined Pawnshop “No. 1” for Violations in Conducting Currency Exchange Transactions

The National Bank of Ukraine fined Pawnshop “No. 1” LLC “Contract-Group” 200,000 UAH for violating the procedure for conducting currency exchange transactions, the regulator announced on its website.

According to the NBU’s statement, the violation consisted of a cashier at a separate structural unit failing to provide payment documents from the payment transaction register simultaneously with the receipt or issuance of cash in foreign currency for reversal transactions.

In addition, the pawnshop received a written warning for the absence in a separate structural unit of a copy or extract from the order on its opening, specifying the list of transactions carried out at the cash desk, as well as for violating the requirements for technological video surveillance systems.

PT “Pawnshop No. 1” LLC “Contract-Group” operates in the pawnshop and non-bank financial services market.

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NBU Fined FC “A Finance” 800,000 UAH for Violations of Currency Exchange Procedures

The National Bank of Ukraine fined FC “A Finance” LLC 800,000 UAH for violations of currency exchange procedures and requirements for video surveillance, the regulator announced on its website.
According to the NBU’s statement, the violation of currency exchange procedures consisted of cashiers at certain structural units of the institution failing to accept or dispense cash simultaneously with the provision of transaction documents from the transaction recorder.
In addition, the regulator noted that a specific structural unit lacked a video surveillance system for the customer service process with mandatory recording and archiving of video footage.
As previously reported, in May the NBU imposed sanctions on one bank and nine non-bank financial institutions.
FC “A Finance” LLC operates in the non-bank financial services market, including in the foreign exchange segment.

 

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NBU Fined MyCredit 6.132 Million UAH for Financial Monitoring Violations

The National Bank of Ukraine fined LLC “1 Safe Agency for Essential Loans” (trademark MyCredit) 6.132 million UAH for violations of financial monitoring regulations, the regulator announced on its website.
According to the NBU’s statement, the fine was imposed for improper organization and conduct of initial financial monitoring.
Specifically, the regulator pointed to the improper application of a risk-based approach, the development and approval of internal documents on financial monitoring, the conduct of proper customer due diligence, work with politically exposed persons, as well as the provision of information and documents in response to requests from the National Bank.
As reported, in May, the NBU imposed sanctions on one bank and nine non-bank financial institutions for violations of financial monitoring and foreign exchange legislation.
“1 Safe Agency for Necessary Loans” LLC operates in the non-bank lending market under the MyCredit brand. The company provides consumer loans to individuals online.

 

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Serbia has reached agreement with MOL to purchase additional 5% stake in NIS

According to Serbian Economist, Serbia has concluded negotiations with Hungary’s MOL regarding a shareholder agreement concerning NIS and will be able to acquire an additional 5% stake in the Serbian oil company, provided that MOL reaches an agreement with Gazprom Neft to buy out the Russian stake and the deal receives approval from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

This was announced by Serbia’s Minister of Mining and Energy, Dubravka Jedović-Handanović.

Serbia currently owns 29.9% of NIS shares. Russia’s Gazprom Neft and Gazprom collectively control about 56.2% of the company. Hungary’s MOL is negotiating the purchase of this stake, but the deal requires approval from OFAC due to sanctions related to Russian participation in NIS.

According to Jedović-Handanović, the purchase of an additional 5% stake will strengthen Serbia’s position in approving and blocking decisions of strategic importance to the country’s economy. This is crucial for Belgrade, as NIS controls Serbia’s key oil infrastructure, including the country’s sole oil refinery in Pančevo.

As part of the agreements, MOL also committed to maintaining operations at the Pančevo refinery at least at the level of average annual capacity over the last four years prior to the imposition of U.S. sanctions.

For Serbia, the deal involving NIS is one of the key energy issues of 2026. Belgrade needs to simultaneously maintain the stability of fuel supplies, reduce sanctions risks, and retain its influence over a company that is of systemic importance to the country’s economy.

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