Business news from Ukraine

Business news from Ukraine

Ukrenergo announced tender for voluntary medical insurance with budget of UAH 88 mln

On July 8, PJSC National Energy Company (NEC) Ukrenergo announced a tender for voluntary medical insurance services for employees.

According to the Prozorro electronic public procurement system, the expected cost of the services is UAH 88.013 million. Applications for participation will be accepted until July 16. As reported, the winner of a similar tender a year earlier was SD TAS. The company’s price offer at that time was UAH 58.793 million, which was almost the same as the expected cost. Ukrenergo operates trunk and interstate power lines and provides centralized dispatching of the country’s unified energy system. NEC is a state-owned enterprise under the authority of the Ministry of Energy and Coal Industry of Ukraine.

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Ukrnafta to implement energy projects worth 670 MW by 2026

PJSC Ukrnafta is implementing six projects for gas piston and gas turbine units with a capacity of 420 MW and plans to build a CCHP (Combined Cooling, Heating, and Power, i.e., the production of electricity, heat, and cold from a single source – IF-U) system with a capacity of 250 MW, according to the company’s acting director, Yuriy Tkachuk.

“Our portfolio consists of 420 MW of generating capacity. These are six large projects that combine gas piston and gas turbine technologies. And we will build a large 250 MW CCHP project. All the assets we aim to install will be installed in 2026,” Tkachuk said during a panel discussion on investing in energy sustainability and recovery in Ukraine as part of URC-2025 in Rome on Wednesday, according to an Interfax-Ukraine correspondent at the event.

According to him, all capacities are renewable and are being installed in central, eastern, and western Ukraine, and electricity will be generated using associated gas from production.

“In this way, we will support our energy system through these projects,” Tkachuk said.

He added that after Ukrnafta was transferred to the state in 2022, “we began to develop its new history.”

As Tkachuk emphasized, Ukrnafta currently provides 99% of petroleum product supplies to the Ministry of Defense, and despite this, it has launched a new direction, namely electricity production, which is very important in the context of the significant destruction of Russia’s energy capacities.

“Thanks to international financial institutions, Norway, Sweden, Germany, our state, and the government, we have launched a distributed power generation project,” the head of Ukrnafta emphasized.

 

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Farmers will receive over UAH 1 bln as part of third tranche of ARISE

Ukraine has received the third tranche of aid under the ARISE project — over UAH 1 billion, which will be used to support Ukrainian small producers and farms, the Minister of Agrarian Policy and Food said on Telegram.

The minister noted that payments are currently being made in three areas: subsidies per hectare of cultivated land, subsidies for keeping cows, and subsidies for keeping goats and sheep. Payments are being made by the Ukrderzhfond. The Ministry of Agrarian Policy and Food plans to complete them by the end of July.

Producers who are registered in the State Agricultural Register, have submitted their applications on time in accordance with all requirements, did not receive such assistance last year, and are included in the approved lists of recipients are eligible for assistance.

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Pig iron production in Ukraine increased by 6% in first half of year

Ukrainian metallurgical enterprises increased pig iron production by 5.8% in January–June 2025 compared to the same period last year, to 3.669 million tons, according to Ukrmetallurgprom.

In June, 661,900 tons of pig iron were smelted, which is more than in May (644,700 tons).

In 2024, pig iron production in Ukraine grew by 18.1% to 7.090 million tons, after falling in 2023 to 6.003 million tons and a disastrous 2022, when production fell by almost 70%.

 

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Ukrainian metallurgists reduced steel and rolled steel production in first half of year

In January–June 2025, Ukrainian metallurgical enterprises reduced total rolled steel production by 2.2% compared to the same period last year, to 3.070 million tons.

Steel production during this period decreased even more significantly, by 4.9%, to 3.683 million tons, according to operational data from the Ukrmetallurgprom association.

In June, metallurgists produced 563,000 tons of rolled products (in May — 524,900 tons) and 621,400 tons of steel (in May — 635,800 tons), which indicates slight fluctuations from month to month.

For comparison, in 2024, rolled steel production in Ukraine increased by 15.8% to 6.222 million tons, and steel production increased by 21.6% to 7.575 million tons.

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Two Chinese citizens detained in Kyiv for attempting to smuggle classified information

The Ukrainian Security Service’s counterintelligence unit detained two citizens of the People’s Republic of China in Kyiv who were attempting to illegally smuggle classified documents on the Ukrainian RK-360MC Neptune missile system to China.

“This is a unique weapon of the Ukrainian Armed Forces, designed to destroy all types of combat and landing ships. We would like to remind you that it was the Neptune that destroyed the flagship of the Russian Black Sea Fleet, the missile cruiser Moskva,” a statement on Telegram said on Wednesday.

According to the investigation, one of the Chinese spies is a 24-year-old former student of a technical university in Kyiv. He remained in Kyiv after being expelled in 2023 for academic failure.

Another figure in the case is his father, who lived permanently in China but periodically visited Ukraine to personally coordinate his son’s espionage activities. “According to the case file, the former Chinese student was supposed to obtain technical documentation on the production of Ukrainian Neptune missiles.

To this end, he attempted to recruit a Ukrainian citizen involved in the development of the latest weapons for the Armed Forces,” the statement said.

The SBU counterintelligence service exposed the spy at the initial stage of his intelligence activities and detained him while he was receiving secret documents. The next stage was the detention of his father, who was supposed to pass on the secret information to the Chinese special services. During searches of both suspects, phones were seized with evidence of their correspondence, where they coordinated their espionage activities.

Based on the evidence gathered, investigators from the Security Service informed the detainees that they were suspected of violating Part 1 of Article 114 of the Criminal Code of Ukraine (espionage). The suspects face up to 15 years in prison with confiscation of property.