The sole shareholder of Public Joint-Stock Company “Khlibprom Concern” has approved a decision to convert the company into a limited liability company, according to information cited from the National Securities and Stock Market Commission’s (NSSMC) disclosure system.
The decision to reorganize one of Ukraine’s largest bread producers was adopted on July 23, 2026. The newly formed LLC “Khlibprom Concern” will become the full legal successor to the assets, contracts, rights, and obligations of the private joint-stock company.
The shares of the private joint-stock company will be converted into a stake in the LLC’s authorized capital at a ratio of 1:1. The authorized capital of the successor entity will amount to approximately 163.55 million UAH.
The company explained the reorganization as a necessity to simplify corporate governance. The conversion to an LLC does not involve the sale of the company or a change in its ultimate owner.
The organizational and legal form of a limited liability company involves fewer regulatory procedures; in particular, the company will not be required to maintain a share register or comply with certain requirements applicable to joint-stock companies.
In 2025, Khlibprom Concern’s revenue increased by 9.5% compared to the previous year, reaching 2,228.92 million UAH. The company’s net loss decreased by a factor of 13.5, to 5 million UAH, compared to 67.57 million UAH in 2024.
The company’s assets as of the end of 2025 totaled 1 billion 190.76 million UAH, while its liabilities decreased by 10.1% to 509.95 million UAH.
“Khlibprom Concern” is one of the largest producers of bread, baked goods, and confectionery products in Ukraine. The company produces up to 160 metric tons of products daily, including frozen semi-finished dough products.
The company’s structure includes five processing facilities in the Lviv and Vinnytsia regions. The company’s brand portfolio includes Agrola, Bandinelli, 2go, “Lyublyanna,” and “Vinnitsakhleb.” The ultimate beneficial owner of the company is Natalia Antonova.
The State Customs Service of Ukraine transferred UAH 420.1 billion in customs payments to the state budget in the first half of 2026, which is 31.9% more than in the same period last year, the Experts Club information and analytical center reports.
In January–June 2025, revenues amounted to UAH 318.5 billion. Thus, over the year, the budget received an additional approximately UAH 101.6 billion. The official data were published by the State Customs Service on July 13, 2026.
The Experts Club Analytical Center compared the State Customs Service’s data with the Ministry of Finance’s operational report on the execution of the state budget for January–June 2026.
Ranking of Customs Revenues by Main Categories
Value-added tax on goods imported into the customs territory of Ukraine remains the main source of customs revenues.
It accounted for approximately 75.7% of all payments transferred by the State Customs Service in the first half of the year. In other words, approximately three out of every four hryvnias of customs revenues were generated by import VAT.
The high share of VAT is explained by the fact that the tax is charged on virtually all taxable imports, including equipment, raw materials, fuel, cars, consumer goods and products intended for industrial use.
After deducting import VAT and customs duties from the total amount, approximately UAH 70.9 billion, or 16.9% of revenues, remains.
The main part of this amount should consist of excise duty on imported excisable goods, primarily petroleum products, cars, alcoholic beverages and tobacco products.
However, in its operational report, the Ministry of Finance indicated only the total excise tax revenues from domestically produced and imported goods — UAH 152.4 billion. The separate amount of import excise duty was not disclosed in the report. Therefore, the figure of UAH 70.9 billion is an estimate and may also include small amounts of other payments administered by customs authorities.
Revenues from import and export duties in the first half of the year amounted to UAH 31 billion, or approximately 7.4% of the total volume of customs payments.
The share of customs duties is significantly lower than that of import VAT because zero or reduced rates apply to many goods under Ukraine’s free trade agreements. In addition, certain categories of equipment, energy products and defense-related goods benefit from tax and customs exemptions.
Structure of Ukraine’s Customs Revenues
Thus, the approximate structure of the UAH 420.1 billion is as follows:
VAT on imported goods — UAH 318.2 billion, or 75.7%.
Import excise duty and other payments — approximately UAH 70.9 billion, or 16.9%.
Import and export duties — UAH 31 billion, or 7.4%.
The Experts Club calculation shows that Ukrainian customs primarily performs the function of administering import VAT. Customs duties themselves account for less than one-tenth of the total volume of revenues.
Cars Accounted for More Than 7% of All Payments
Imports of passenger cars brought UAH 32.1 billion to the state budget in the first half of the year. This corresponds to approximately 7.6% of all revenues transferred by the State Customs Service.
At the same time, petrol-powered cars alone generated UAH 14.6 billion, or approximately 3.5% of all Ukraine’s customs revenues for the six-month period.
Thus, payments from passenger car imports exceeded the total revenues from import and export duties across all product categories.
Large Importers Accounted for 85% of Revenues
In the first half of the year, customs payments were made by 28,300 foreign economic activity participants. Their number increased by 2.5% compared with January–June 2025.
At the same time, only 2,350 companies, or approximately 8% of all payers, accounted for 85% of revenues. Their combined contribution can be estimated at approximately UAH 357 billion.
Another 10,600 enterprises, each of which transferred between UAH 1 million and UAH 20 million, generated UAH 53.5 billion.
Approximately 15,300 representatives of small and medium-sized businesses paid up to UAH 1 million each. Their combined contribution amounted to almost UAH 4.8 billion.
This indicates a high concentration of customs revenues: the majority of revenues depend on a relatively small group of large importers of fuel, cars, machinery, raw materials, pharmaceuticals and consumer products.
Customs Accounted for More Than One-Fifth of General Fund Revenues
In January–June 2026, UAH 1.898 trillion was received by the general fund of Ukraine’s state budget. Customs payments amounting to UAH 420.1 billion were equivalent to approximately 22.1% of this amount.
Including the general and special funds, state budget revenues for the first half of the year amounted to UAH 2.52 trillion.
The 31.9% growth in customs revenues significantly outpaced the increase in the number of payers, which amounted to only 2.5%. This indicates that the main growth factors were an increase in the value of taxable imports, changes in the exchange rate, an increased tax burden on certain categories and higher payments from the largest companies.
The most comprehensive official source of detailed information by budget classification codes is the state Open Budget portal. The State Customs Service publishes the total volume of payments and the structure of payers, while the Ministry of Finance publishes the main tax categories. At the time this material was prepared, a separate comprehensive table from the State Customs Service showing the distribution of the UAH 420.1 billion across all types of payments in a single document had not been published.
According to Interfax-Ukraine, the State Property Fund (SPF) is exploring the possibility of selling 100% of the Ocean Plaza shopping and entertainment center in Kyiv instead of the current 66% state stake, with a potential starting price of $100 million for the entire lot, said SPF Chairman Dmytro Natalukha.
“Unfortunately, we are unable to put both the state’s stake and the private stake up for sale in a single lot. Therefore, discussions are currently underway to determine whether a mechanism can be found to put 100% of the shopping and entertainment center up for sale, rather than the current 66%. After all, there is demand for 100%,” Natalukha said in an interview with RBC-Ukraine.
He noted that the participation of the minority owner of the Ocean Plaza shopping center—Lanita Invest LLC—in the auction is possible provided there is sufficient cooperation and legal complications are resolved. According to the fund’s estimates, the starting price for 100% of the asset could be as high as $100 million.
According to Natalukha, the auction for the privatization of the Ocean Plaza shopping center could be held in December of this year, with proceeds from the sale expected as early as January 2027.
According to the plan for preparing assets prioritized for sale in 2026, published by the State Property Fund of Ukraine in June, the auction for the sale of the Ocean Plaza shopping and entertainment center could be held in November–December 2026. The owner of a minority stake in the shopping center, Lanita Invest LLC, had previously supported the idea of selling the asset as a single lot along with its own stake.
As previously reported, on June 19, 2026, law enforcement agencies, as part of criminal proceedings, conducted authorized searches at the residences of certain officials of the State Property Fund of Ukraine (SPFU) to investigate the possible undervaluation of the Ocean Plaza shopping and entertainment center (Kyiv) prior to its sale.
Gasoline-powered passenger cars accounted for over 14.6 billion hryvnia in customs revenue for the state budget from passenger car imports, which totaled 32.1 billion hryvnia, the State Customs Service reported on its website.
At the same time, diesel cars generated 8.4 billion UAH in revenue, hybrids—7.1 billion UAH, and electric cars—2 billion UAH.
The State Customs Service notes that, overall, from January through June, Ukrainians imported over 169,000 passenger cars with a total value of nearly 96.6 billion hryvnias, 70% of which were used cars, generating 17.7 billion hryvnias in customs duties for the state budget, while new cars accounted for 14.4 billion UAH.
Gasoline-powered cars, which remain the most popular, accounted for 54.5% of total imports. In second place were diesel cars (20.3%), which not only significantly outpaced electric cars (13%) but also surpassed hybrids (12.1%).
Hybrids were the most expensive among imported cars, with an average price of nearly $27,000 per vehicle; diesel cars averaged $16,000; electric cars, over $10,000; and gasoline-powered cars, $9,000.
According to the State Customs Service, cars have been imported from more than 50 countries since the beginning of 2026, but the undisputed leaders are: the United States—73,200 (43% of the total number of imports); Germany—17,300 (10%); and Poland—14,600 (9%).
In total, nearly 105,100 cars were imported from these countries, accounting for 62% of the total.
As previously reported, according to the State Customs Service, the volume of passenger car imports into Ukraine—including cargo-passenger vans and race cars (UKT ZED code 8703)— amounted to $2.18 billion in January–June 2026, which is 14.6% less than the figure for the first half of 2025 ($2.554 billion).
Zurich and Madrid posted the highest growth rates for luxury residential real estate prices among European cities in the first quarter of 2026, according to the international consulting firm Knight Frank.
In both cities, luxury housing prices rose by 4.8% compared to the first quarter of last year. Zurich ranked tenth in the global ranking, while Madrid ranked eleventh.
Prices rose by 4.2% in Geneva, 3.4% in Lisbon, 3.2% in Frankfurt, and 2.9% in Berlin.
Prestige real estate prices rose by 2.5% in Dublin, 2.3% in Monaco, 1.5% in Paris, 1% in Bucharest, and 0.3% in Vienna.
Price declines were recorded in Stockholm (0.7%), Milan (0.9%), and London (4%).
Knight Frank attributes the resilience of Switzerland’s markets to capital inflows, a relatively stable tax environment, and demand from affluent international buyers. Growth in Madrid and Lisbon is driven by comparatively attractive prices, the climate, and strong interest from foreign investors.
Over a five-year period, Milan emerged as the European leader, with prices for premium housing rising by 36.2%. It is followed by Madrid, with growth of approximately 29.7%, and Zurich, at 27.5%.
London was the only one of the tracked European markets where prices fell over the five-year period—by approximately 5%. Knight Frank attributes this to high transaction taxes, the abolition of a special tax regime for non-residents, and higher borrowing costs.
The European portion of the index includes Berlin, Bucharest, Dublin, Frankfurt, Geneva, Lisbon, London, Madrid, Milan, Monaco, Paris, Stockholm, Vienna, and Zurich.
Kyiv and other Ukrainian cities are not included in this study.
As of July 1, 2026, the cattle herd on agricultural enterprises in Ukraine had increased by 4% compared to the same date last year—to 955,200 head, while on private farms it decreased by 35%—to 811,800 head, according to the Association of Milk Producers (AMP), citing preliminary data from the State Statistics Service (SSS).
According to State Statistics Service data, as of July 1, 2026, there were 1.767 million head of cattle in Ukraine, including 941,200 cows.
About 54% of the cattle herd was kept on agricultural enterprises, and another 46% on private farms.
Agricultural enterprises had 396,600 cows, which is 4% more than a year ago, while the number of cows on private farms decreased by 29% to 544,600 head.
“The cow herd is shrinking mainly in the backyard farming sector but remains relatively stable in the commercial sector. The decline in the cattle herd is a long-standing problem in Ukraine due to the lack of an effective government program to support dairy farming. Since 2014, the cow herd in the commercial and backyard farming sectors has nearly halved, and the situation has been further exacerbated by Russia’s full-scale invasion and unfavorable market conditions,” the AVM emphasized.
The association noted that the recovery of the herd is being negatively impacted by low milk purchase prices, rising production costs, the relocation of farms from frontline regions, and adaptation to EU environmental and phytosanitary requirements.
According to the AVM’s assessment, without the modernization of dairy processing plants and an increase in purchase prices, there is a risk of a further reduction in the herd size, as farmers are increasingly selling their livestock amid high global beef prices.
According to the State Statistics Service, the largest herds of dairy cows in the commercial sector are concentrated in Poltava Oblast—52,800 head, Cherkasy Oblast—46,000 head, Chernihiv Oblast—38,800 head, Kyiv Oblast—35,600 head, and Vinnytsia Oblast—33,000 head. In total, these five regions account for about 52% of Ukraine’s commercial cow herd.
CATTLE, Cow, FARM, livestock farming, State Statistics Service
