Business news from Ukraine

Business news from Ukraine

Vinnytsia Poultry Farm recognized as largest employer in Vinnytsia region

The OpenDataBot rating named the agricultural company Vinnytsia Poultry Farm as the largest employer in the region, with 5,900 employees.

The company is part of the MHP (Myronivsky Hliboproduct) holding, founded and owned by Yuriy Kosyuk.

Financial indicators: in 2023, MHP reported over UAH 70 billion in revenue.

VUSO increased payments to clients by almost quarter in first quarter

PrVT Insurance Company VUSO (Kyiv) collected UAH 827.4 million in net premiums in January-March 2025, which is 46.75% more than in the same period a year earlier, according to the insurer’s interim data published in the information disclosure system. At the same time, gross premiums for the reporting period increased by 51.8% to UAH 974.3 million. UAH 124.1 million was transferred to reinsurance, which is 16.7% more than in the first quarter of 2024.

During the reporting period, the company paid out UAH 390.3 million in claims, which is 22.4% more than in the first quarter of 2024. Gross profit amounted to UAH 396.6 million (-85.3%). Administrative expenses increased by 38% to UAH 64.2 million. The financial result from operating activities was UAH -53.606 million, compared to UAH 18.111 million for the same period a year earlier, the financial result before tax was UAH -70.074 million (+2.1 times), and net profit was UAH -40.994 million (+3 times).

VUSO Insurance Company was founded in 2001. It is a member of the MTIBU and NASU, a participant in the agreement on direct settlement of losses, and a member of the Nuclear Insurance Pool.

OKKO-DRIVE gas station chain has become largest employer in Lviv region

According to OpenDataBot, the OKKO-DRIVE gas station chain has become the largest employer in the Lviv region, with 6,700 employees.

The company is part of the Halnaftogaz holding (owned by Vitaliy Antonov). It specializes in retail fuel sales and is developing its service and catering divisions.

Staff growth compared to 2023 is +4.6%.

Aurora chain of stores has become largest employer in Poltava region

According to the OpenDataBot rating, the Aurora chain of stores has become the largest employer in the Poltava region, with 12,536 employees.

The company was founded in 2011. Its head office is located in Poltava. It operates fixed-price stores.

Financial indicators: the company is among the top ten retail chains in Ukraine according to the OpenDataBot Index. Over the past year, the number of employees has increased by 5.7%.

European Union will restore quotas on agricultural imports from Ukraine starting June 6

The European Union has decided to reinstate quotas on agricultural imports from Ukraine, which were suspended at the start of the full-scale invasion in 2022 to support Ukrainian farmers. The updated restrictions will come into force on June 6, Bloomberg reported, citing the European Commission.

According to a European Commission representative, the quotas will be a temporary measure. The EU is currently working on revising the deep and comprehensive trade area between the EU and Ukraine. The quotas, available until the end of 2025, will amount to 7/12 of the usual annual volumes.

No member state opposed the decision. Sweden, the Czech Republic, Denmark, Estonia, Finland, Germany, Ireland, and Lithuania abstained.

Bloomberg recalled that agricultural exports are crucial to Ukraine’s economy, and easy trade with the EU has helped Ukrainian farmers overcome major difficulties, including the temporary loss of their main export route through the Black Sea and production problems caused by landmines and military conscription.

However, the sharp increase in exports of relatively cheap Ukrainian goods to the EU market has sparked resistance from local farmers in countries such as Poland, Hungary, and Slovakia. This has provoked a political standoff over protectionist measures between neighboring countries, some of which, such as Poland, were previously strong allies of Ukraine.

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Agraine sowed over 27,000 hectares with corn and sunflowers as part of its spring campaign

Agroholding Agraine has completed its 2025 spring sowing campaign, during which it sowed over 27,000 hectares with spring crops, the company’s press service reported on Facebook.

According to the report, corn took up most of the planned area, with 14,000 hectares, and sunflowers took up over 12,000 hectares.

Thanks to moisture retention and thorough soil preparation, the group of companies achieved optimal moisture at the sowing depth. In addition, this year, farmers chose drought-resistant corn and sunflower hybrids, focusing on stable yields despite the lack of rainfall.

“We reduced the density of corn sowing to better adapt to limited moisture. Thanks to the coordinated work of our teams, we were able to complete sowing ahead of schedule,” said Taras Kornienko, chief agronomist of the agricultural holding.

Agrain is engaged in the cultivation and storage of grain and oilseeds, as well as livestock farming. Before the full-scale Russian invasion, the agricultural holding company comprised 11 agricultural enterprises. It cultivated about 110,000 hectares in the Zhytomyr, Kharkiv, Chernihiv, Odesa, and Cherkasy regions.

The holding company is owned by SAS Investcompagnie (France).

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