Business news from Ukraine

Business news from Ukraine

Netherlands to set aside €3.5 bln to support Ukraine in 2026

Dutch Prime Minister Dick Schof has announced that the Netherlands will set aside funds to continue supporting Ukraine next year, Western media report.
“The Dutch government will set aside EUR3.5 billion to continue supporting Ukraine in 2026,” Schof said.

According to the prime minister, the funds will ensure the continuity of Amsterdam’s support for Kyiv for the next year, “but if necessary, they can be used this year.”
Schof specified that EUR700 million of the funds would be spent on drones for Ukraine.

Media reports indicate that the previous Dutch government allocated a comparable amount to support Ukraine in 2025, but no exact figures are given.
In addition, in the fall, Amsterdam provided Kyiv with the first batch of the promised F-16 fighter jets.

Grain exports from Ukraine decreased to 30 mln tons

As of March 5, Ukraine exported 29.68 mln tonnes of grains and pulses since the beginning of 2024-2025 marketing year (MY, July-2024 – June-2025), of which 490 thsd tonnes were shipped this month, the press service of the Ministry of Agrarian Policy and Food reported, citing the State Customs Service.

According to the report, as of March 8 last year, the total shipments amounted to 30.989 mln tonnes, including 1.319 mln tonnes in March.

At the same time, since the beginning of the current season, Ukraine has exported 12.155 mln tonnes of wheat (12.375 mln tonnes in 2023/24 MY), 2.126 mln tonnes of barley (1.761 mln tonnes), 10.8 thsd tonnes of rye (1 thsd tonnes), and 14.924 mln tonnes of corn (16.569 mln tonnes).

The total export of Ukrainian flour since the beginning of the season as of March 5 is estimated at 49 thsd tonnes (in 2023/24 MY – 74.9 thsd tonnes), including 45.2 thsd tonnes of wheat (71.1 thsd tonnes).

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Ukrainian banks earned UAH 16.3 bln in January

The net profit of Ukrainian banks in January this year amounted to UAH 16.3 billion, the best figure over the past 12 months, but it is 2.7%, or UAH 0.4 billion, less than in January 2024, the National Bank reported on its website.

According to the information, the banking system’s revenues in January of this year increased by UAH 3.4 billion, or 8.2%, to UAH 45.6 billion: interest income increased by UAH 2.7 billion, or 9.4%, to UAH 31.7 billion, while fees and commissions increased by UAH 0.9 billion, or 11.2%, to UAH 9.2 billion.

At the same time, expenses increased by UAH 3.9 billion, or 15.36%, to UAH 29.3 billion, which led to a decrease in net profit, according to the National Bank of Ukraine statistics. Among other things, interest expenses increased by UAH 0.4 billion, or 4.3%, to UAH 10.4 billion, while commission expenses increased by UAH 0.4 billion, or 13.5%, to UAH 4 billion.

Another factor behind the increase was general administrative expenses, which increased by UAH 1.6 billion, or 21.6%.

The strong financial result is also due to insignificant allocations to provisions, which amounted to less than UAH 0.1 billion in January.

Income tax for January this year amounted to UAH 3.4 billion, which is UAH 0.2 billion or 6.8% less than in January 2024.

“European Insurance Alliance” and ‘Energoatom’ concluded contract on compulsory motor TPL insurance

State enterprise NAEK Energoatom (Kiev) and IC “European Insurance Alliance” on March 4 concluded a contract for compulsory motor third party liability insurance of owners of land vehicles (MTPL).

As reported in the system of electronic public procurement Prozorro, the price offer of IC “European insurance alliance” amounted to UAH 309,009 thousand at the expected cost in the tender conditions of UAH 1,029 million.

IC “VUSO” – UAH 321,4 th. and IC “Krajina” – UAH 680 th., BBS Insurance – UAH 683,6 th. also participated in the tender.

“EUA” has been working in the insurance market of Ukraine since 1994, is a member of the Motor (transport) Insurance Bureau of Ukraine, a participant of the Agreement on direct settlement of losses on compulsory civil liability insurance of owners of land vehicles and a member of the Nuclear Insurance Pool of Ukraine.

 

 

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Iryna Mikhalova, CMO of Alliance Novobud, presented company at forum “Real Estate Market as Segment of State Economy”

On March 1, Iryna Mikhalova, CMO of Alliance Novobud, presented the company at the XI National Forum “Real Estate Market as a Segment of the State Economy”. The expert took part in a discussion panel on the topic “Primary market 2025: development vectors and impact on prices”.
During the panel, a number of topical issues were raised, in particular, the dynamics of primary market prices. Representatives of developers unanimously said that prices are rising, and Iryna Mikhaleva confirmed this fact:
“Indeed, prices in 2024 have increased and will continue to grow in 2025. For example, another price increase is planned for our construction projects in April. There are no prerequisites for a drop in the cost of primary square meters.”
The expert also noted the return of investors who invested “in the pit”.
“Last year, one of the houses of the Brovary project Krona Park II showed good sales results at the start of construction, and this spring we expect such investors to be interested in the 16th and final house of the Lesniy Kvartal residential complex. We have not yet announced the start of sales, and potential buyers are already contacting the sales office. So speculative demand is returning.”
Regarding the sales of business class real estate, Ms. Iryna noted that despite the unstable situation and tense information background, there are requests for the product and, interestingly, often from foreigners. Moreover, they do not just sign up to view the properties, but also buy them.
The expert believes that the future lies in comfort and comfort+ class real estate. This is due to internal migration processes, the availability of quality offers in this class, especially in the suburbs, where prices are also more affordable, and the desire of buyers to provide safe and high-quality comfort for their families.
Among the significant factors for the successful future of the primary real estate market, Iryna Mikhalova named: increased funding for the state mortgage program “eOselya”, support from the state by providing developers with access to credit programs, reducing the tax burden, etc.
Event organizer: Union of Realtors of Ukraine. The forum aims to bring together real estate market professionals, business representatives, public sector and experts to analyze the current state of the market, discuss the prospects for its development in the context of the Ukrainian economy and find new effective solutions.

 

 

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Chinese company to build electric vehicle production plant in Serbia

The Chinese company Jiangling Group Electric Vehicle (JMEV) plans to build an electric vehicle manufacturing plant in Sremska Mitrovica in northwestern Serbia with the long-term goal of exporting cars to the European Union without paying duties. This was reported to Radio Free Europe by Brancica Zjalic, JMEV project manager in Serbia.

“The size of the investment will be determined in the next two months and depends on whether we will produce three thousand or five thousand cars a year,” Zjalic said. She added that Serbia was chosen because of its good economic relations with both China and the EU. “Serbia is a kind of bridge between China and Europe in terms of sales of electric vehicles,” she said.

In October 2024, the European Union imposed high duties (up to 35%) on electric vehicles made in China for five years to protect European automakers from allegedly unfair competition from Chinese manufacturers that benefit from government subsidies.

Serbia, for its part, signed a free trade agreement with China that entered into force in 2024, which has drawn criticism from the EU given Serbia’s status as a candidate for accession to the Union.

Source: https://t.me/relocationrs/542

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