Business news from Ukraine

Business news from Ukraine

DTEK allocated UAH 1.6 bln to restore thermal power plants in four months

In January-April 2025, DTEK Energy allocated approximately UAH 1.6 billion to repair and restore thermal power plants damaged by massive enemy shelling.

According to a press release from the energy holding company, the repair campaign is currently continuing without interruption, as the scale of the damage remains critical. A year ago, 90% of DTEK Energy’s generating capacity was destroyed or seriously damaged by attacks. On the eve of last winter, energy companies managed to restore more than half of it, but new strikes in November-December again caused serious damage.

“Our main task is not to stop. We are working every day on restoration to ensure the stable operation of the power system in the summer, during peak loads, and to confidently enter the next heating season,” said DTEK Energy CEO Alexander Fomenko.

In 2024, DTEK invested UAH 3.6 billion in the restoration of thermal power plants and another UAH 7.5 billion in the development of domestic coal mining.

Over the past year, Russia has carried out 13 massive attacks on Ukraine’s energy sector, dealing a serious blow to DTEK Energy’s thermal power plants, among others. In total, since the start of the full-scale invasion, the company’s thermal power plants have been attacked by the enemy 205 times. Fifty-six power plant workers were wounded in the attacks and four were killed.

DTEK Energy provides a closed cycle of electricity production from coal. As of January 2022, the company’s installed thermal generation capacity was 13.3 GW. A complete production cycle has been established in coal mining: coal extraction and enrichment, machine building, and maintenance of mining equipment.

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Exports of grains and oilseeds from Ukraine, mln tons

Exports of grains and oilseeds from Ukraine, mln tons

Source: Open4Business.com.ua

Zelensky and National Security and Defense Council have imposed sanctions against companies associated with Pin-Up casino

Ukrainian President Volodymyr Zelensky has signed a decree on the decision of the National Security and Defense Council to impose sanctions on nine legal entities and three individuals, all citizens of the Russian Federation, associated with the Pin-Up casino.

The corresponding decree No. 344/2025 was published on the president’s website.

According to the appendix to the decree, sanctions have been imposed on three individuals who are citizens of the Russian Federation: Dmitry Punin, Ivan Bannikov, and Alexander Matyasov.

Sanctions have also been imposed on nine legal entities, three of which are registered in Ukraine: Ukr Game Technology LLC, Tranitadevelopment LLC, and Turbo.Yu LLC.

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FC Shakhtar head coach leaves team

FC Shakhtar announces the end of its cooperation with head coach Marino Pusic and his coaching staff, the club’s press service reported.

“We would like to thank Marino Pusic and his assistants for their dedication and high-quality work, the highest level of professionalism, personal courage and resilience, for the brilliant victories, titles and trophies, and the beautiful and unforgettable emotions. Your names and achievements will forever be part of Shakhtar’s history. Special thanks for your active support of Ukraine and Ukrainians,” the statement said.

Marino Pushich has been at the helm of Shakhtar since October 23, 2023. During this time, the team played 71 official matches, winning 44, drawing 13, and losing 14, with a total goal difference of 139-71. Under Pushich’s leadership, Donetsk won three national trophies: they achieved a double in the 2023/24 season and won the Ukrainian Cup in 2024/25, a record 15th in their history.

“We wish you new professional achievements, beautiful victories, and great success in the future!” the club’s website said.

 

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Nickel imports to Ukraine fell by 41% since beginning of year

In January-April 2025, nickel imports to Ukraine decreased by 40.9% to $5.01 million. Exports amounted to $374,000, compared to $217,000 in the same period of 2024. In April, imports amounted to $1.11 million, while exports amounted to $13,000.

Nickel is used in the production of stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy, and in chemical reagents.
Imports, nickel

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International rating agency Fitch Ratings has downgraded its GDP growth forecast for Ukraine

International rating agency Fitch Ratings predicts that Ukraine’s current account deficit will increase this year to 14.5% of GDP from 7.2% of GDP in 2024 and 5.3% in 2023, reflecting high gas and steel imports and lower remittances from Ukrainian refugees, as well as high defense imports and exports of goods, which are 38% below pre-war levels.

Inflation is forecast to average 12.3% in 2025, before slowing to 6.5% in 2026 as base effects and monetary policy transmission gain traction.
Fitch also lowered its GDP growth forecast for Ukraine for 2025 from 2.9% to 2.5% due to challenges related to ongoing labor market tensions, damage caused by attacks on gas infrastructure, and the closure of Pokrovskugol due to hostilities.

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