In 2025-2026 marketing year (MY), the Association “Ukroliyaprom” forecasts the production of oilseeds in the amount of 22 mln tons of oilseeds, which can be fully processed at domestic oil extraction plants (OEP), the press service of the association reports.
According to the industry association, in the current season Ukraine can harvest 13.0 mln tons of sunflower, 3.0 mln tons of rapeseed and 6.0 mln tons of soybeans.
“With the current capacities in Ukraine (excluding the temporarily occupied territories and the war zone), the entire harvest can be processed domestically,” Ukroliyaprom emphasized and added that they are hopeful about this after the adoption of the soybean-rape amendments, which provide for the introduction of an export duty on rapeseed and soybeans.
At the same time, the association said that they do not expect farmers and cooperatives to send the entire soybean and rapeseed crop for processing at the first stage.
Ukroliyaprom predicts that in 2025/26 MY, the mills will be able to process 1.5-1.6 mln tons of rapeseed and 3-3.2 mln tons of soybeans.
On July 16, the EBA highly appreciated the adoption of the draft law No. 13157 “On Amendments to the Tax Code of Ukraine in connection with the adoption of the Law of Ukraine ”On Integrated Prevention and Control of Industrial Pollution“ in the second reading, which contained ”soybean-rape” amendments. They provide for the establishment of an export duty on rapeseed and soybean seeds in the amount of 10% from the 1st day of the month following the adoption of the law.
“The adoption of this draft law in terms of establishing an export duty on rapeseed and soybeans will increase their processing and increase exports of high value-added products. Finally, Ukraine has created conditions for maximum processing of major oilseeds (sunflower, soybean, rapeseed) at domestic facilities,” the business association emphasized.
Ukroliyaprom reminded that since 1998 it had considered the introduction of a duty on oilseed exports as its main goal, which has finally been achieved. From now on, the industry association proclaimed the main task to maximize the processing of rapeseed and soybean seeds starting from 2025/26 MY.
As reported, the Ministry of Agrarian Policy and Food forecasted the harvest of rapeseed at 3 mln tonnes, soybean – 5.7 mln tonnes, sunflower – 20 mln tonnes in 2025 MY.
Dneprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Sergiy Tigipko, increased its net profit by 20.8% year-on-year to UAH 8.936 million in January-June this year.
According to the company’s interim report, net income increased by 8% to UAH 1 billion 756.245 million in the period under review.
At the same time, the company’s retained earnings amounted to UAH 271.984 million at the end of June.
As reported, in the first quarter of 2025, Dneprometiz-TAS increased its net profit by 0.6% compared to the same period in 2024 to UAH 3.938 million, while net income decreased by 0.58% to UAH 778.319 million.
“In 2024, Dneprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, while net revenue increased by 22.7% to UAH 3 billion 285.688 million. At the same time, the company’s retained earnings amounted to UAH 263.048 million at the end of 2024.
“In 2023, Dneprometiz reduced its net profit by 2.6 times compared to 2022, to UAH 9.658 million from UAH 24.733 million. Last year, net income increased by 8.2% to UAH 2 billion 677.836 million.
“In 2022, Dneprometiz reduced its net profit six times year-on-year to UAH 25.572 million, while net income increased by 1.1% to UAH 2 billion 474.397 million.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s annual production capacity is 120 thousand tons.
The company is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.
The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.
Chinese authorities last Saturday began construction of a giant hydropower plant on the Tibetan Plateau on the Yarlung Tsangpo River, Western media reported. The Yarlung Tsangpo River, one of South Asia’s largest waterways, also flows through India and Bangladesh and joins the Ganges River. It is called the Brahmaputra in India and the Jamuna in Bangladesh.
Li Qiang, Premier of the State Council of the People’s Republic of China, attended the project’s launching ceremony. The electricity generated by the hydropower plant is planned to be supplied outside the region; it should also meet local needs.
According to the calculations of the construction company Power China, the hydropower plant will be able to produce 300 billion kWh of electricity annually. The cost of the hydroelectric structure is estimated at $167.1 billion.
The media note that upon completion of construction, this facility may surpass the Three Gorges Dam Hydroelectric Power Plant on the Yangtze River in Hubei Province – the largest power plant in the world.
In January, Indian authorities said they had raised concerns with China about the project and urged Beijing to ensure there was no harm to people living downriver. New Delhi promised to protect Indian national interests. For its part, the Chinese Foreign Ministry said the hydropower plant would not adversely affect downstream regions. The ministry added that it would keep in touch with the countries through which the Yarlung Tsangpo also flows.
President of Ukraine Volodymyr Zelenskyy has appointed Yuriy Tokar as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Kenya. The relevant decree No. 535/2025 has been published on the official website of the head of state.
In addition, Decree No. 536/2025 also appoints Yuriy Tokar as permanent representative of Ukraine to the United Nations Environment Programme (UNEP) and to the United Nations Human Settlements Programme (UN-Habitat) on a part-time basis.
Yuriy Tokar was born in 1976 in Lviv. He graduated from Ivan Franko National University of Lviv with a degree in international relations. He has worked in Ukrainian diplomatic missions in Poland and the United States, as well as in the Consular Service Department of the Ministry of Foreign Affairs of Ukraine.
President of Ukraine Volodymyr Zelenskyy has signed a decree appointing Maksym Subha Ambassador Extraordinary and Plenipotentiary of Ukraine to the State of Kuwait.
The corresponding decree No. 534/2025 was published on the President’s website.
In 2013-2017, Maksym Subkh served as Counselor of the Embassy of Ukraine in the State of Qatar. In 2018-2022, he was Ambassador Extraordinary and Plenipotentiary of Ukraine to the People’s Democratic Republic of Algeria.
Since 2022, he has been working as Special Representative of Ukraine for the Middle East and Africa.
The Brocard perfume store chain is preparing to open a store with an area of over 1,000 square meters in the Ocean Mall shopping center, based on the new Beauty Garden concept, the company’s press service told the Interfax-Ukraine news agency.
“We are preparing to open Brocard in the new Beauty Garden concept. This is a different, more ‘young’, more emotional Brocard in terms of both style and content. Different colors, different design, but the same: the best brands, only original products, only official supplies, real beauty experts, and an exclusively transparent and responsible business,” said Olena Lada, director of strategic development at Brocard.
All key brands have been retained in the new format and are presented in separate personalized corners. The company is also actively working to attract new categories and brands to the concept, including those that are not traditional for Brocard’s audience: pharmacy care, dietary supplements, professional hair care brands, sexual wellness products, and an expanded range of accessories.
According to Olena Lada, the new format will help visitors experience the beauty of the world of perfumes and cosmetics, try products for every taste and at every price point.
“We want every customer to feel welcome, so we have completely rebuilt our approach to service,” she said.
For example, you can get a free skin and hair diagnosis and choose the best fragrance for yourself through the exclusive “Perfume Sommelier” service.
Brocard Business Manager Yuriy Gatkin explained the choice of Ocean Mall shopping center by positive partnership experience.
“We have been working with this team since 2003, since the opening of our first joint project in the Mandarin Plaza shopping center. Since then, we have agreed that we will be present in each of their facilities. It is a matter of trust, professionalism, and strategic partnership. Today, we are present in Mandarin and Blockbuster, and we are planning to open in Ocean Mall—and this is definitely not the end. We are confident in the quality of the projects and that we are moving forward together,” said Gatkin.
Brocard-Ukraine is an operator in the luxury segment of the Ukrainian perfume and cosmetics market (Brocard and Kiehl’s brands, the Brocard.ua online store, and the Brocard mobile app). The company has 68 stores in 22 cities across Ukraine, over 1,600 employees, and more than 2.5 million regular customers. The chain’s stores carry more than 480 brands of premium cosmetics, perfumes, skin and hair care products, and beauty accessories, including more than 100 niche perfume houses.
The ultimate beneficiary of the Brocard holding, which includes Brocard-Ukraine and Exagon, is French citizen Philippe Benacin, one of the key players in the global perfume and cosmetics market, chairman of Philippe Benacin Holding, and director of Interparfums SA.
Ocean Mall is a retail resort-style shopping center. Its total area is 300,000 square meters, with parking for 4,000 cars. The shopping center will combine 800 stores and 50 restaurants. Among the largest tenants are the Silpo grocery supermarket and flagship stores of the world’s largest retailers in the fashion, sports, and home goods segments. More than 30,000 square meters of the Ocean Mall shopping center is reserved for entertainment, including the Galaxy amusement park for the whole family and a 7-screen multiplex cinema.
