Business news from Ukraine

Business news from Ukraine

Ukraerorukh seeks insurer for compulsory motor third-party liability insurance

On June 17, the State Air Traffic Services Enterprise of Ukraine (Ukraerorukh) announced a tender for the purchase of compulsory civil liability insurance for owners of ground vehicles (OSAGO), according to the Prozorro electronic public procurement system.
The expected cost of the services is UAH 2.133 million. The deadline for submitting bids is June 25. The winner of a similar tender a year earlier was SG TAS.

 

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Ukraine has determined sugar quotas for EU — Radekhivsky Sugar received largest share

The Ministry of Agrarian Policy and Food has allocated sugar quotas for export to European Union countries, which will remain in effect until August 5, 2025, according to the ministry’s press service.

According to the report, the sugar quota has been distributed among exporters in proportion to their actual exports of this product to EU countries in January-May 2025.

The quotas were allocated to the following companies: TOV “Radehivsky Sugar” — 3,977.6 tons, TOV “Tsukoragroprom” — 1,700.9 tons, TOV “PK ”Zorya Podillya” — 927.6 tons, PJSC “Teofipol Sugar Plant” — 915.1 tons, LLC “Narkevychi Sugar Plant” — 688.8 tons, LLC “Novoorzhytskyi Sugar Plant” — 598.4 tons, LLC “Starokostiantynivtsukor” — 451.6 tons, LLC “Shamraivsky Sugar” — 381.5 tons, LLC “Shepetivka Sugar” — 349.5 tons, LLC “Signet-Center” — 259.4 tons, LLC “Agrocomplex ”Green Valley” — 216.5 tons, Kraievyd LLC — 184.2 tons, Novomyrhorodsky Sugar LLC — 140.7 tons, Prisma-14 LLC — 121.7 tons, and Krasylivsky Sugar Plant PJSC — 94.0 tons.

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Aurora plans record investments and new jobs in Ukraine in 2025

The Ukrainian chain of one-dollar stores Aurora (Vygidna Pokupka LLC) will invest UAH 3.2 billion (including VAT) in 2025, including UAH 1.3 billion in the restoration of the WestGate logistics center, according to the chain’s CEO Taras Panasenko.

“This is Aurora Multimarket’s response to the intensified attacks on Kyiv. We are investing. In 2024, we invested UAH 2.7 billion (including VAT) in Ukraine. The investment plan for Ukraine for 2025 is more than UAH 3.2 billion (including VAT),” he said on Facebook.

According to him, all the necessary permits have already been obtained, and Aurora has begun rebuilding the WestGate logistics center in the village of Stoyanka near Kyiv, which was completely destroyed in 2022.

“This is the same logistics center that was bombed by the Russians, where the GoodWIne warehouse was located. This year, investments in the reconstruction of WestGate will amount to more than UAH 1.3 billion. The rest will be invested in the network and technology. We will rebuild and create a thousand new jobs here. We plan to launch by January 2026,” he said.

In total, the company plans to create more than 2,500 new jobs in Ukraine in 2025.

“Our partners, Ukrainian manufacturers, of which there are currently more than 600, are also investing and creating new jobs. In addition, thanks to the active development of the Romanian company, our partners, Ukrainian manufacturers, are exporting to the European market for Aurora in Romania. We will stand firm,” Panasenko emphasized.

As reported, Aurora’s revenue for 2024 increased by 42.5% to UAH 38.5 billion (excluding VAT). In the first quarter of 2025, revenue grew by 32.5% to UAH 10.6 billion.

Aurora was founded in 2011 by Zhydenko, Taras Panasenko, and Lesya Klymenko. At the end of 2024, the chain had over 1,600 stores in Ukraine and 30 in Romania. The retail chain’s head office is located in Poltava.

According to Opendatabot, the owner of Vygidna Kupivlya LLC, which develops the chain, is the Cypriot company Avrorailt Investmens Limited, whose beneficiary is Zhydenko.

Association of Ukrainian Drug Manufacturers supports Ministry of Health’s proposals to regulate size of marketing payments

The Association of Pharmaceutical Manufacturers of Ukraine (APLU) supports the compromise draft government resolution developed by the Ministry of Health to regulate the size of marketing payments in the retail pharmaceutical market at 20% for over-the-counter drugs and 3% for prescription drugs.

This is stated in the text of the relevant declaration available to the Interfax-Ukraine news agency.

APLU members support the proposal to allow marketing expenses in pharmacies for over-the-counter drugs at a level not exceeding 20% of the total sales of each individual licensee (manufacturer, importer, etc.) of such drugs for the previous year, as well as expenses for services related to ensuring the availability of prescription drugs in pharmacies, in an amount not exceeding 3% of the total sales of each individual manufacturer or importer of such drugs for the previous year.

The APLU explains that “this is a compromise solution reached as a result of interdepartmental consultations, and it now best reflects the achievable balance of interests of all market participants involved—manufacturers, importers, and pharmacies.”

According to APLU members, the draft proposed by the Ministry of Health, in particular, establishes clear rules for the functioning of the market in the marketing services segment and creates a predictable and flexible system that minimizes the risks of abuse and “stimulates the development of fair competition based on product quality and service quality, not just marketing budgets.

In addition, APLU members note that the draft is “a stabilizing tool that prevents a payment crisis at all links in the distribution chain, reduces the risks of monopolization of communication channels, and allows jobs to be preserved and the population to have access to quality medicines at fair prices.”

At the same time, APLU participants propose to adopt the draft “as soon as possible as a transitional but fundamental solution that will stabilize the market” and, after the resolution comes into force, to conduct regular monitoring together with all market participants and state authorities to assess its impact and initiate improvements to the tools, if necessary, ensuring public reporting and transparency of information on the structure of marketing costs and their impact on pricing and the preservation of competition.

“We call on all market participants to join this declaration. The reform of the rules should not be achieved by dismantling the pharmacy sector or demonizing marketing, but through the introduction of clear, controllable, and ethical practices,” the APLU emphasizes.

Source: https://ru.interfax.com.ua/news/pharmacy/1080866.html

 

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Wheat prices in Ukraine falling ahead of harvest

In mid-June, the Ukrainian wheat market was dominated by downward price dynamics, according to the information and analytical agency APK-Inform.

“The approaching harvest, low demand from traders awaiting the new harvest, and a downward price trend on the export market put pressure on prices. The supply of grain remained insufficient, while demand from processors was quite high, which continued to support prices,” analysts explained.

Prices for grade 2 wheat were recorded at 10,000-11,300 UAH/t CPT, and for feed wheat at 9,200-10,200 UAH/t CPT, according to APK-Inform.

Since beginning of year, Ukraine has exported wood and wood products worth almost $700 million

Since the beginning of the year, exports of wood and wood products from Ukraine amounted to 1.42 million tons worth $671.8 million. Compared to the same period in 2024, when 1.34 million tons were exported for $593.9 million, the volume of exports increased by 81,700 tons, or 6%. At the same time, in monetary terms, there was an increase of $77.9 million, or 13%.

Pine products account for the largest share, 68.6%, indicating high demand for this type of wood on foreign markets. Spruce timber ranks second with 19%, followed by oak with 6.6% of the total volume.

At the same time, since the beginning of the year, customs authorities have detected violations amounting to over UAH 31.4 million.

 

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