Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased approximately $24.4 million worth of its own Eurobonds since late May of last year following several offers related to dividend payments, has announced another similar tender at 98% of par value for a total of $1.17 million.
As noted in a statement on the Irish Stock Exchange, the company previously made another monthly dividend payment on May 5 in the amount of 60.18 million UAH.
Applications to participate in the tender are being accepted through May 19, and settlements are scheduled for May 26.
Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. Their redemption is related to the fact that on April 24, 2025, VFU announced the accrual of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. In accordance with National Bank restrictions, these dividends will be paid in separate monthly installments in hryvnia equivalent to EUR1 million. The company emphasized that under the terms of the bond issue, in such a case it must offer all bondholders the opportunity to submit an application to sell their bonds for an amount equal to the dividends paid outside Ukraine.
In the first two tenders, mobile operator “Vodafone Ukraine” repurchased bonds in an amount equivalent to EUR1 million. The initial repurchase was announced at 99% of par value, the second at 90% of par value. The company did not announce the results of the second buyback on the exchange, while the bid-to-cover ratio for the first buyback was 0.0040355668.
Following the third tender, where the buyback price was reduced to 85% of par value and the offer was capped at $4.67 million, “Vodafone Ukraine” received bids totaling $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.
The fourth tender was announced on August 13 but was subsequently extended seven times. As a result, the redemption price was increased from 85% to 98%, and the redemption amount to $10.84 million. The company received bids totaling $127.14 million for this amount. Some of the bonds were returned to their holders due to the inability to split the face value, while the rest were accepted with a scaling factor of 0.1150681.
In the fifth through ninth bond buyback tenders held from December to April, the price was again 98%: in the fifth tender, with bids totaling $1.165 million, the scaling factor was set at 0.01901; in the sixth tender, with bids totaling $1.475 million – 0.04234; in the seventh, with bids of $1.185 million – 0.3246; in the eighth, with bids of $1.18 million – 0.0333333; and in the ninth, with bids of $1.16 million – 0.449.
Overall, based on the results of the nine tenders, the total nominal value of bonds remaining in circulation is $275.64 million.
As reported, mobile operator VFU increased its revenue by 14% in 2025 compared to the previous year—to 27.8 billion UAH—while its net profit rose by 18%—to 4.18 billion UAH.
Consumer prices for dairy products in Ukraine showed a significantly slower rate of growth in the first quarter of 2026 compared to other food categories, according to the Ukrainian Dairy Industry Association (UDIA).
The industry association noted that, on an annual basis, milk prices rose by 7.3%, sour cream by 5.7%, and soft cheeses by 5.3%, while the price of butter increased by only 1.9%. At the same time, the cost of meat, eggs, and bread increased by 15% to over 20% during the same period.
“Over the past six months, dairy prices have remained relatively stable. They rose slightly or even fell slightly, as in the case of butter, which became 1.4% cheaper. In contrast, eggs, vegetable oil, and bread have risen significantly in price, while only pork and chicken have become cheaper. The situation is similar with producer prices. The dairy industry, therefore, remains one of the main factors holding back food inflation,” the statement quotes a representative of the SMPU as saying.
According to the association’s data, the annual change in producers’ selling prices for dairy products ranged from -3.2% for butter to +5% for sour cream.
By comparison, producer prices for beef, poultry, pasta, and bread rose significantly more—up to 34%.
Over the past six months, the SMPU reported, producer prices for dairy products have mostly declined, while most other food products continued to rise in price.
DTEK Naftogaz is restructuring its debt on $425 million in eurobonds issued through NGD Holdings B.V.: it will be repaid in installments, with final repayment deferred by three years—until December 31, 2029—and the coupon rate increased from 6.75% to 9.875% per annum.
“NGD Holdings … has received the necessary consents to implement the proposals (regarding the restructuring—IF-U)… Accordingly, all consents are now irrevocable, and the proposals are effective and binding on all bondholders,” the exchange announcement states.
According to the announcement, a restructuring consent fee totaling $2.75 million will be paid to all Eurobond holders who submitted applications on May 14.
As reported, DTEK Naftogaz made restructuring proposals on April 9 of this year. The increased interest rate of 9.875% is to be applied starting April 30 of this year, and the principal amount of the debt will be paid out gradually: $27.5 million on April 30 of this year, followed by $27.5 million every six months—on December 31 and June 30—with the balance paid upon final maturity on December 31, 2029.
On April 23, the company announced that it had received consent from holders of 88.66% of the bonds, falling short of the required 90% threshold, and extended the acceptance period by seven days. As of April 30, this figure had risen to 88.87% of the bonds, and holders were given another week to participate in the deal. The issuer warned that if the 90% threshold is not met, it may pursue an alternative option requiring approval from either 50% of bondholders or holders representing 75% of the total bond value.
As part of the restructuring, bondholders also allowed DTEK Naftogaz to withhold the publication of financial statements until the end of martial law, as resolutions by the regulator, the National Energy and Utilities Regulatory Commission (NEURC), restrict the ability to publicly disclose certain financial and operational information and data.
In justifying the restructuring, DTEK Naftogaz cited the moratorium imposed by the National Bank of Ukraine, which significantly limits DTEK Naftogaz’s ability to make cross-border transfers of funds from Ukraine to finance bond payments. It was also noted that Russia has damaged the group’s infrastructure facilities four times through shelling. Repair work is ongoing and is expected to require total capital expenditures of approximately EUR25 million.
DTEK Naftogaz clarified that consolidated revenue from the sale of gas products (including sales of natural gas, gas condensate, and purchased natural gas) decreased from UAH 27.04 billion in 2023 to UAH 19.84 billion in 2024, mainly due to the natural depletion of wells.
“Mainly due to the impact of the NBU moratorium, the Issuer expects that it will not be able to repay the Bonds on the maturity date (December 31, 2026),” the company stated.
It also noted that its subsidiaries NGD and Kosul hold rights to develop certain deep-horizon project areas that have particularly complex geological and technical characteristics, and therefore will require significantly greater capital investment for development than more traditional project areas. As a result, they have not yet developed such blocks, but in the near future, it is proposed to transfer the license rights for them to one or more new SPV project companies, which will then attempt to develop these blocks by sharing project risks, in particular by engaging one or more joint ventures and financial partners.
To implement the projects, DTEK Naftogaz also requested the creditors’ consent for the possible creation of new direct or indirect subsidiaries that will act both as operating companies for the SPVs and as holding companies for one or more SPVs. It also sought consent for the sale and transfer to one or more SPVs of the subsoil use rights for NGD and Kosul regarding two licensed blocks at a depth of over 6,250 meters, with the subsequent involvement of third parties at fair market value.
In November 2022, companies within DTEK Naftogaz acquired the rights to develop two gas fields in the Poltava region at a public auction: the Maiorivska area for UAH 1.102 billion and the Birkivsko-Zinkivska area for UAH 211 million.
According to data from the Frankfurt Stock Exchange, DTEK Naftogaz bonds are trading at 92.68% of par value. On the day the restructuring proposal was announced, their price stood at 91% of par value.
Imports of goods to Ukraine from January through April 2026 increased by 30% in monetary terms compared to the same period in 2025—reaching $32.2 billion— and by 47% compared to January–April 2024—to $21.9 billion, according to data from the Telegram channel of the State Customs Service (SCS) of Ukraine.
Despite the growth in imports, exports remain nearly at the 2024 level—at that time, they amounted to $13.4 billion for January–April, $13.3 billion for the same period in 2025, and $13.9 billion for the first four months of this year.
“At the same time, taxable imports amounted to $22.3 billion, accounting for 69% of the total volume of imported goods. The tax burden per 1 kg of taxable imports in January–April 2026 was $0.55/kg,” the agency stated in a Friday release.
The largest volumes of goods were imported into Ukraine from China ($8.7 billion), Poland ($3.1 billion), and Turkey ($2.2 billion).
The largest exports from Ukraine went to Poland ($1.5 billion), Turkey ($1.2 billion), and Italy ($857 million).
Of the total volume of goods imported in January–April 2026, 72% consisted of machinery, equipment, and transportation—$13.3 billion (with 74.3 billion UAH paid to the budget during customs clearance, or 26% of customs revenue), fuel and energy products – $5.3 billion (UAH 103.5 billion paid, or 36% of payments), and chemical industry products – $4.6 billion (UAH 38.4 billion paid to the budget, accounting for 14% of customs revenue).
The top three most exported goods from Ukraine were: food products – $8.5 billion, metals and metal products – $1.3 billion, and machinery, equipment, and transportation – $1.2 billion.
“In January–April 2026, during customs clearance of exports of goods subject to export duties, UAH 585.9 million was paid to the budget,” the State Customs Service added.
“Nova Poshta,” Ukraine’s leading express delivery service and part of the NOVA Group, has announced an additional search for private carriers to collaborate with for future partnerships in various delivery segments—from pickup truck deliveries to parcel lockers to intercity transport, according to a company statement.
According to the company’s press release, “Nova Poshta” is interested in new partners for intercity transportation using BDF chassis trucks with a capacity of up to 20 tons that meet Euro 5 or Euro 6 environmental standards, as well as for regional transportation using vehicles with a capacity of 3–20 tons equipped with an all-metal body and a hydraulic tailgate for parcel delivery.
In addition, the company is looking for couriers, carriers, and lessors of vans or trucks with a payload capacity of 3–10 tons for door-to-door parcel delivery to customers.
Separately, the company is seeking couriers, carriers, and lessors of pickup trucks or vans for delivering shipments to parcel lockers.
The NOVA Group’s website states that it currently operates a fleet of over 9,000 vehicles.
As reported, in the first quarter of 2026, Nova Poshta increased its revenue by 26.9% compared to the same period in 2025—to UAH 14.98 billion—and its net profit by 4.4 times, to UAH 1.28 billion.
In 2025, the company increased revenue by 21.6%—to 54.2 billion UAH—and net profit by 4.4%, to 2.6 billion UAH.
According to the Ministry of Internal Affairs, 780,465 lost and stolen firearms have been recorded since the start of the full-scale war. Weapons reported missing during the war currently account for 66% of the total entries in the registry. This year, 149,000 new entries were added to the registry—almost as many as in all of 2025. Automatic weapons, hunting rifles, and carbines are the most commonly stolen and lost. Nearly half of the lost and stolen weapons are in Mykolaiv, Kyiv, and Donetsk regions.
780,465 weapons have been lost or stolen in Ukraine since the start of the full-scale invasion. This accounts for 66% of the total number of lost and stolen weapons—1.17 million units.
The highest number of reports of lost weapons appeared in the first year of the full-scale invasion—266,086 units. In 2023, the number of lost and stolen weapons decreased, but starting in 2024, the figure began to rise again. This year is on track to set a record: 149,760 weapons are already listed as missing this year. By comparison, nearly as many losses were recorded over the entire previous year: 179,315 cases.
The registry saw a significant increase in March: as many as 130,000 entries. However, it is worth noting that 60% of these entries pertain to weapons that went missing during the first year of the full-scale conflict (2022). Currently, the registry records two dates: the date of loss/theft and the date of entry into the registry.
Most cases of lost weapons are recorded fairly promptly—within a week of the disappearance: 512,350 cases. At the same time, 173,980 entries are added with a delay of over a year.
Only 4% of entries concern stolen weapons; the vast majority are marked as lost.
Which weapons are most frequently reported missing?
Automatic rifles (252,369 units), hunting shotguns (210,712), and carbines (102,616) are the most commonly lost or stolen. The undisputed “leader” is the AK-74 automatic rifle: every fourth entry in the Registry pertains to this specific model.
One in five cases of lost and stolen weapons occurs in the Mykolaiv region: 169,172 weapons. It is followed by Kyiv (104,864 weapons) and the Donetsk region (86,188).
Together, these three regions account for nearly half of all lost and stolen weapons in the country.
