Business news from Ukraine

Business news from Ukraine

“Forests of Ukraine” will carry out forest management activities on 107,000 hectares in 2026

The state-owned enterprise “Forests of Ukraine” has begun the forest management season and plans to carry out work on an area of 107,000 hectares in 2026, the company’s press service reported on Facebook.

The state enterprise noted that the spring forest cultivation campaign is currently nearing completion: trees have been planted across an area of over 11,000 hectares, which is 95% of the plan, using over 70 million seedlings.

“Planting a forest is just the first step. Maintenance continues throughout the entire growing season, on average 3–4 times a year per plot. Work began earliest in the Southern, Eastern, Central, Podillia, and Slobozhanshchyna branches, where foresters have already treated over 500 hectares,“ said ”Forests of Ukraine.”

In 2026, the state-owned enterprise intends to focus on mechanizing processes: over 80% of the work is performed using specialized equipment (cultivators, mulchers, and disc harrows). This allows for faster inter-row cultivation to loosen the soil and eliminate weeds, which is critical for the survival of young trees.

“To carry out this work on time, the enterprise is gradually updating its fleet of equipment. Over the course of the year, the State Enterprise ”Forests of Ukraine“ plans to replace over 200 units of outdated equipment,” the press service added.

State Enterprise “Forests of Ukraine” is one of the largest forest users in Europe. The enterprise is responsible for the conservation, protection, rational use, and regeneration of the country’s forest resources.

As reported, State Enterprise “Forests of Ukraine” will implement a large-scale investment program worth 4.1 billion UAH in 2026. The program involves replacing Soviet-era equipment from the 1980s and 1990s with modern European-style machinery. Specifically, by mid-summer 2026, the Carpathian branch will receive 11 modern skidding tractors (skidders) manufactured in Slovakia for use in mountainous terrain. In total, the company plans to purchase over 200 units of specialized equipment this year, including harvesters and energy-efficient tractors for reforestation.

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Kyivstar and VEON have completed their $1.3 bln investment program in Ukraine ahead of schedule

Kyivstar Group Ltd (Nasdaq: KYIV), the parent company of Ukraine’s largest telecommunications operator Kyivstar JSC, and its largest shareholder, the VEON Group (Nasdaq: VEON), announced the completion of a multi-year $1.3 billion investment program in Ukraine, while the initial plan was to invest $1 billion between 2023 and 2027.

“We have invested in the network, energy resilience, and digital platforms that serve millions of people and businesses every day. The implementation of $1.3 billion in investments for our country reflects the dedication of our teams and our confidence in Ukraine’s digital future,” Kyivstar CEO Alexander Komarov said in a press release on Wednesday.

According to him, the investments included further expansion and modernization of mobile coverage, the rollout of Starlink Mobile direct-to-device satellite connectivity, accelerated deployment of high-speed fixed-line connectivity via the Kyivstar network, and significant investments in backup power and energy resilience to ensure service continuity during outages.

At the same time, Kyivstar raised capital to expand its digital ecosystem through strategic acquisitions, which included Uklon—a leading Ukrainian ride-hailing and delivery platform; Tabletki.ua—one of the country’s most widely used digital healthcare platforms for searching, comparing, and ordering medications nationwide; and SUNVIN 11, which owns solar power plants and marked Kyivstar’s first investment in renewable energy and a strategic step toward enhancing energy resilience.

As reported, the companies initially announced a three-year commitment of $600 million in 2023, and later expanded it to a five-year program worth $1 billion, covering connectivity, digital services, energy resilience, strategic acquisitions, and social contributions.

As of the end of 2025, Kyivstar served 22.4 million mobile subscribers and 1.2 million “Home Internet” subscribers.

In 2025, Kyivstar increased its EBITDA by 30% to UAH 27 billion, driven by a 30.3% rise in revenue to UAH 48.2 billion; including in the fourth quarter of last year, when EBITDA increased by 23.1% to UAH 7.2 billion, driven by a 30.1% rise in revenue to UAH 13.5 billion.

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“TAS Agro” to Invest $15 Mln in Modernizing Farms to Meet EU Standards

The agricultural holding “TAS Agro” plans to invest approximately $15 million over the next three years in modernizing dairy farms to bring them into compliance with EU standards, the company’s CEO Oleg Zapletnyuk said in an interview with Delo.ua.

The CEO of the agricultural holding clarified that TAS Agro is concentrating its livestock operations in the Vinnytsia region, where it is completely rebuilding a farm, increasing the number of stalls, and implementing loose housing for livestock.

“The total investment amount is approximately $15 million over the next three years. We are investing in this step by step. This primarily concerns cows. Our goal is to transform outdated livestock farming into a highly productive sector, increase its efficiency, improve livestock housing conditions, and enhance the quality of meat and dairy products,” Zapletnyuk said.

The company’s CEO noted that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026.

“Strategically, we plan to increase our land bank to 100,000 hectares. We are currently considering certain assets; if we manage to finalize the purchase by the end of the year, that will bring us to about 100,000 hectares. The next step is to increase it to 120,000 hectares, but that is by 2028,” he said.

Assessing the financial results, the company’s CEO noted that TAS Agro’s net profit for 2025 is expected to be in the range of $20–22 million.

“In 2025, the company’s net profit was in the range of $20–22 million, but we have not yet sold part of our production. As of today, we have effectively sold the wheat, but we have not yet updated the key financial indicators. Estimated at $20–22 million, this is actually 10% more than we had budgeted,” he emphasized.

Zapletnyuk attributed the decline in profitability compared to 2024 (over $25 million) to drought in some of the regions where the company operates and the drop in global prices for agricultural products.

Last year, the holding exported approximately 270,000 tons of agricultural products, with exports accounting for about 60% of total production. The primary destination was the EU, which received 49% of all shipments. Additionally, 25% of exports went to North African countries, 19% to Asia, and 4% of the products were sold in Middle Eastern markets. At the same time, sunflower seeds, as well as a significant portion of soybeans and rapeseed, are processed domestically at partner plants for the subsequent sale of finished products.

The TAS Agro agricultural holding was established in 2014. It cultivates approximately 80,000 hectares across six regions of Ukraine. Its specialization is crop production and dairy farming (cattle herd—5,500 head). Its grain storage capacity is 250,000 tons. Serhiy Tihipko is the founder of the “TAS” group and the beneficiary of the agricultural holding.

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Ukrainian Hydrometeorological Center has issued frost warning for Ukraine over next three days

The Ukrainian Hydrometeorological Center warns that weather conditions are expected to deteriorate in Ukraine over the next three days.

“On the nights of April 30, May 1, and May 2, most regions will see air temperatures of 0–3°C (Level II hazard, orange); in the southern part, ground temperatures will be 0–3°C (Level I hazard, yellow),” the statement reads.

It is noted that the frosts will cause damage to flowering fruit trees.

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Ltava Plant saw its net profit decline by 8.8% in 2025

Ltava Plant JSC (Poltava), a manufacturer of electrical connectors and switching equipment, ended the first quarter of 2026 with a net profit of UAH 41.64 million, which is slightly higher than the corresponding figure for January–March 2025.

According to the company’s interim financial report in the financial reporting system, its net revenue decreased by 27% to UAH 122.45 million.

The plant also published its 2025 financial report in the NSSMC disclosure system, according to which net profit decreased by 8.8% compared to 2024—to UAH 156.2 million—while net revenue increased by 32.2%—to UAH 627 million.

Over the past year, the plant increased its operating profit by 71.2% to UAH 136 million, while gross profit rose by 51.6% to UAH 332.8 million.

The Ltava plant is a specialized enterprise engaged in the development and manufacture of electrical connectors, switching devices, contact devices, and sockets for microelectronics.

According to data from the National Securities and Stock Market Commission (NSSMC) for the fourth quarter of 2025, Ivan and Lesya Rybalko hold nearly 44.57% and 19% of the company’s shares, respectively, while Supervisory Board Chairman Serhiy Zmiyevets holds 36.43%.

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El Salvador has radically simplified residency rules for foreign residents

El Salvador has radically simplified residency rules for foreign residents by reducing the amount of mandatory paperwork required to renew and confirm their status. This is evident from official changes to the country’s immigration procedures.

Under the new rules, foreigners no longer need to visit immigration authorities in person for certain standard procedures, and a number of steps have been streamlined into a simpler administrative format. In particular, requirements for confirming residency status and renewing documents have been relaxed, which should reduce the burden on both the foreigners themselves and the immigration system.

In practice, this means that El Salvador is continuing its course toward creating a more welcoming environment for foreigners—primarily for those who already live in the country, run businesses, invest, or have obtained long-term residency status. Simplifying procedures increases the predictability of residency and reduces transaction costs for residents, which is particularly important for countries seeking to attract international capital and a new tax base.

In recent years, El Salvador has consistently promoted its image as a jurisdiction open to new residents, investors, and international entrepreneurs.

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