Business news from Ukraine

Business news from Ukraine

Ukraine increased production of aquaculture products in 2024 by 22%

Ukraine increased the production of aquaculture products in 2024 by almost 22% – to 18,621 tonnes, Minister of Agrarian Policy and Food Vitaliy Koval reported on Facebook.

“Aquaculture is one of the important components of food security, which forms a stable supply of high-quality fish products to the Ukrainian market. Its development is another step within the framework of the Agrarian Ministry’s policy on import substitution. Our goal is to ensure that products purchased in Ukraine by state institutions are of Ukrainian production. This will strengthen the domestic market, ensure employment in this area and support national producers,” he wrote on Telegram.

The minister named Cherkasy (4,400 tonnes), Lviv (1,543 tonnes), Khmelnytsky (1,517 tonnes), Kirovohrad (1,456 tonnes) and Sumy (1,403 tonnes) regions as leaders in aquaculture production.

The main fish species grown in Ukraine are carp (8,896 tonnes), silver carp (4,434 tonnes), grass carp (637 tonnes), pike perch (1,854 tonnes), salmon (396 tonnes), catfish (273 tonnes), pike (211 tonnes), and sturgeons (72 tonnes). The production of edible caviar in Ukraine in 2024 amounted to 4,281 kg.

“Ukraine, with significant water resources and a favorable climate, has all the opportunities for further development of this industry to integrate into global trends. After all, today aquaculture provides the production of more than 50% of fish products in the world,” the minister of agricultural policy summarized.

Donald Trump Jr. arrives in Serbia: talks with Vucic are possible

The eldest son of former US President Donald Trump Jr. is visiting Belgrade, where he is expected to meet with Serbian President Aleksandar Vucic. This is his second visit in the last six months – the previous one took place in September 2024, during Donald Trump’s election campaign.

The official reasons for the trip have not yet been disclosed, but possible areas of talks include:

U.S.-Serbian relations – issues of bilateral cooperation and political dialogue.

Economy and investment – Trump Jr. holds the position of executive vice president of the Trump Organization, which may indicate potential business initiatives in Serbia.

Geopolitics – Belgrade remains a key player in the region, and the visit may be related to the US global strategic interests.

Trump Jr. is known for his continued support of his father’s policies, and his visit may be linked to future strategic decisions important to both Washington and Belgrade. Official statements are expected after the talks.

Source: https://t.me/relocationrs/577

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Change in consumer prices in 2023-2024, %

Change in consumer prices in 2023-2024, %

Source: Open4Business.com.ua

Crypto-futurist Ed Crassenstein denies Musk’s statement about cyberattack on X platform from Ukraine

The Dark Storm group has claimed responsibility for the DDOS attack on Platform X, network crypto-futurist Ed Crassenstein said on Platform X.

According to him, the Dark Storm group, upon his request, admitted its involvement in the DDOS attack on Elon Musk’s network.

“Elon Musk seems to be pointing a finger at the people of Ukraine, blaming them for today’s DDOS attack on X. Dark Storm directly claimed responsibility for the attack. They literally told me they did it. They are not in Ukraine,” Krassenstein wrote on X.

As reported, Elon Musk said that Ukraine was allegedly involved in a cyberattack on his social network X on Monday.

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Musk accuses Ukraine of involvement in cyberattack on social network X

Elon Musk has accused Ukraine of being involved in a cyberattack on his social network X on Monday.

“There was a massive cyberattack that tried to take down the platform from IP addresses originating in Ukraine,” he said in a commentary to FoxBusiness.

At the same time, he said he was not yet fully sure what happened.

Source: https://x.com/nicksortor/status/1899198049940832719?s=19

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Ukraine may become key supplier of biomethane to EU

Ukraine may soon become the main supplier of biomethane to the European Union, with the share of Ukrainian biomethane in the European market reaching 20% in the future, said Georgiy Geletukha, Chairman of the Board of the Bioenergy Association of Ukraine (BAU).

“Ukraine has almost ideal conditions for biomethane production. We have medium and large agricultural enterprises with 3 thousand hectares of land (under cultivation – IF-U). We can get raw materials for the plant from a single source. We have a well-developed gas structure: distribution networks and a gas transmission network. We have the highest density of gas network coverage in the whole of Europe. We have the largest area of agricultural land and, accordingly, the largest resource. Therefore, this is a very promising topic for us,” he said at the Ukrainian Investment Congress in Kyiv.

Heletukha emphasized that Europe has ambitious plans for the production and consumption of biomethane and aims to consume about 35 billion cubic meters in 2030. At present, European production is estimated at around 3 billion cubic meters. Given the current trends in the alternative energy market, the EU will be able to increase its own production to 20 billion cubic meters of biomethane within five years.

The expert explained this delay in the development of the biomethane market in Europe by the lack of large free areas of agricultural land and, accordingly, the inability to produce the necessary amount of raw materials for processing.

“And according to all trends, it will not have time to produce 35 billion cubic meters. Well, according to the trends over the past five years, they will reach about 20 billion cubic meters. The market there (in the EU – IF-U) is completely different for agricultural products. It is deficit. And it will be deficient at least until 2050. And after 2030, Europe is setting new plans – production and consumption of 100 billion cubic meters of biomethane by 2050. It will be the same story. That is, they do not have time, they do not have enough raw materials,” Geletukha emphasized.

He suggested that if Ukraine were to produce up to 15 billion cubic meters of biomethane now, the EU would “buy everything with a bang.”

The UABIO CEO reminded that three powerful producers – MHP, Vitagro and Gals Agro – have already launched biomethane production in Ukraine, of which two have already started exporting, and the third is accumulating stocks in storage and will start exporting in the near future.

According to him, in Ukraine, the range of biomethane producers and potential exporters will expand in 2025. They will be joined by another MHP enterprise, Teofipol Energy Company and Józefów-Mykolaiv Biogas Company. In total, Ukrainian facilities will produce 111 million cubic meters of biomethane per year.

At a cost of EUR900 per 1 thousand cubic meters of biomethane produced from crop waste or from livestock waste, including manure or litter, at EUR1100-1200 per 1 thousand cubic meters, Ukraine will be able to receive up to EUR100 billion a year from exporting these products to the EU, Geletukha predicts.

As reported, the first batch of Ukrainian biomethane of 67 thousand cubic meters was exported on February 7, 2025 by Vitagro, an energy holding whose plant with a capacity of 3 million cubic meters of biomethane per year operates in Khmelnytsky region. The exports were made to Germany.

On February 11, MHP’s biomethane plant Oril-Leader (Dnipropetrovska oblast) exported 27.4 thousand cubic meters of biomethane, becoming the second Ukrainian company to do so. MHP exported biomethane via gas pipelines across the Ukrainian-Polish border to Germany. The buyer was Vitol. The capacity of Oril-Leader is 11 million cubic meters per year.

The Gals Agro agricultural holding has built a biomethane plant with a capacity of 3 million cubic meters in Chernihiv region. The company has already been connected to the grid and is preparing to make its first biomethane export transaction.

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