Business news from Ukraine

Business news from Ukraine

Zelensky and National Security and Defense Council have imposed sanctions against companies associated with Pin-Up casino

Ukrainian President Volodymyr Zelensky has signed a decree on the decision of the National Security and Defense Council to impose sanctions on nine legal entities and three individuals, all citizens of the Russian Federation, associated with the Pin-Up casino.

The corresponding decree No. 344/2025 was published on the president’s website.

According to the appendix to the decree, sanctions have been imposed on three individuals who are citizens of the Russian Federation: Dmitry Punin, Ivan Bannikov, and Alexander Matyasov.

Sanctions have also been imposed on nine legal entities, three of which are registered in Ukraine: Ukr Game Technology LLC, Tranitadevelopment LLC, and Turbo.Yu LLC.

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FC Shakhtar head coach leaves team

FC Shakhtar announces the end of its cooperation with head coach Marino Pusic and his coaching staff, the club’s press service reported.

“We would like to thank Marino Pusic and his assistants for their dedication and high-quality work, the highest level of professionalism, personal courage and resilience, for the brilliant victories, titles and trophies, and the beautiful and unforgettable emotions. Your names and achievements will forever be part of Shakhtar’s history. Special thanks for your active support of Ukraine and Ukrainians,” the statement said.

Marino Pushich has been at the helm of Shakhtar since October 23, 2023. During this time, the team played 71 official matches, winning 44, drawing 13, and losing 14, with a total goal difference of 139-71. Under Pushich’s leadership, Donetsk won three national trophies: they achieved a double in the 2023/24 season and won the Ukrainian Cup in 2024/25, a record 15th in their history.

“We wish you new professional achievements, beautiful victories, and great success in the future!” the club’s website said.

 

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Nickel imports to Ukraine fell by 41% since beginning of year

In January-April 2025, nickel imports to Ukraine decreased by 40.9% to $5.01 million. Exports amounted to $374,000, compared to $217,000 in the same period of 2024. In April, imports amounted to $1.11 million, while exports amounted to $13,000.

Nickel is used in the production of stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy, and in chemical reagents.
Imports, nickel

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International rating agency Fitch Ratings has downgraded its GDP growth forecast for Ukraine

International rating agency Fitch Ratings predicts that Ukraine’s current account deficit will increase this year to 14.5% of GDP from 7.2% of GDP in 2024 and 5.3% in 2023, reflecting high gas and steel imports and lower remittances from Ukrainian refugees, as well as high defense imports and exports of goods, which are 38% below pre-war levels.

Inflation is forecast to average 12.3% in 2025, before slowing to 6.5% in 2026 as base effects and monetary policy transmission gain traction.
Fitch also lowered its GDP growth forecast for Ukraine for 2025 from 2.9% to 2.5% due to challenges related to ongoing labor market tensions, damage caused by attacks on gas infrastructure, and the closure of Pokrovskugol due to hostilities.

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Dynamics of reserves of Ukraine from 2012 to 2024, million USD

Dynamics of reserves of Ukraine from 2012 to 2024, million USD

Source: Open4Business.com.ua

Coming days in Ukraine will be rainy, with hail in some places

Short-term rains are expected on Sunday, May 25, in the northern, most central, Odessa, Nikolaev, Chernivtsi, Khmelnitsky, and Rivne regions of Ukraine.
According to the Ukrainian Hydrometeorological Center, thunderstorms are expected in the Zhytomyr, Kyiv, Vinnytsia, Cherkasy, Kirovohrad, and Odesa regions during the day, with heavy rain in some places and hail and squalls of 15-20 m/s in some areas. No precipitation is expected in the rest of the country.
The wind will be mainly southeasterly, 7-12 m/s, with gusts of 15-20 m/s in some places on the left bank during the day.
Temperatures in the western regions will be 4-9° at night and 11-16° during the day. In the rest of the country, temperatures will be 12-17° at night and 23-28° during the day, with 17-22° in the Vinnytsia, Zhytomyr, Kyiv, Cherkasy, Kirovohrad, Odesa, and Mykolaiv regions.
In Kyiv, short-term rains and thunderstorms are expected on May 25. The wind will be southeasterly, 7-12 m/s. The temperature at night will be 14-16°, during the day 18-20°.
According to the Boris Sreznevsky Central Geophysical Observatory, the highest temperature recorded in Kyiv on May 25 was 30.7°C in 2007, and the lowest was 2.6°C above zero in 1909.
On Monday, May 26, in the northern, most central, Odessa, and Mykolaiv regions, there will be short-term rain and thunderstorms in some places. During the day in the Zhytomyr, Kyiv, Vinnytsia, Cherkasy, Kirovohrad, Odessa, and Mykolaiv regions, there will be significant rain in some places, with hail in some areas. The rest of the territory will be dry.
The wind will be mainly southeasterly, 7-12 m/s, with gusts of 15-20 m/s in some places on the left bank.
Temperatures in the western regions will be 4-9° at night and 13-18° during the day; in the rest of the country, temperatures will be 12-17° at night and 23-28° during the day, with 17-22° in the Vinnytsia, Zhytomyr, Kyiv, Cherkasy, Kirovohrad, Odesa, and Mykolaiv regions.
In Kyiv on May 26, there will be short-term rains, thunderstorms in some places. The wind will be southeasterly, 7-12 m/s. The temperature at night will be 14-16°, during the day 18-20°.

 

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