Business news from Ukraine

Business news from Ukraine

Paraguay Offers Permanent Residency Through Real Estate Investment

Paraguay has introduced new requirements for obtaining investor status, under which foreigners can apply for permanent residency by investing at least $200,000 in real estate.

According to information published by the Paraguayan Cabinet, the reform is enshrined in Decree No. 0283/2026 and involves the introduction of the Investor Pass system, which allows investors to obtain permanent residency directly, bypassing the temporary status stage. The new rules formalize four main tracks for investors: industrial investments of $70,000 or more, real estate investments of $200,000 or more, investments in financial instruments of $200,000 or more, and investments in tourism projects of $150,000 or more.

A key innovation for the real estate market is that applicants will be able to apply for investor status not only after full payment for the property. For the first time, Paraguay allows applicants to apply for permanent residency after paying just 30% of the property’s value, provided the transaction is formalized through a notarized purchase agreement and the commitment to pay the remaining amount is confirmed.

In effect, this means that Paraguay offers one of the most flexible investment migration models in South America. Unlike many programs that require full capital investment before status is granted, the Paraguayan scheme allows investors to join a project during the construction or design phase, thereby lowering the entry barrier for investors.

For the real estate market, this model could become an additional driver of demand from foreigners seeking both immigration status and investment opportunities in a relatively affordable market.

Paraguay is a landlocked country in central South America. The country borders Brazil, Argentina, and Bolivia, and its capital is Asunción. Paraguay is traditionally considered one of the most affordable countries in the region in terms of cost of living and doing business, and its economy relies on agriculture, hydropower, trade, and the processing of agricultural products.

, , ,

Translations of Lesya Ukrainka’s works into Azerbaijani were presented ahead of her birthday

On April 27, an international literary and artistic event titled “Lesya Ukrainka in the Azerbaijani Cultural Space” took place in the capital to mark the 155th anniversary of the poet’s birth, according to the organizers.

“The project demonstrates the interconnection between cultural diplomacy and its impact on humanitarian support for Ukraine,” said Marina Goncharuk, director of the Ukrainian-Turkic Center, in a comment to the agency.

According to reports, the event featured the first-ever comprehensive study of Lesya Ukrainka’s literary presence in Azerbaijan, including the history of the monument to the poet in Lokbatan (Baku), as well as an overview of translations of her works into Azerbaijani, publications, and research by local authors.

A separate part of the program was the presentation of the fairy-tale drama “The Forest Song” in Azerbaijani, published with the support of the Ukrainian Book Institute.

According to Goncharuk, cultural cooperation between Ukraine and Azerbaijan has a practical dimension.

“Back in 2003, Irpin and Lokbatan signed a memorandum of cooperation, and as early as 2004, monuments to Lesya Ukrainka and Zarifa Aliyeva were unveiled. Subsequently, this cooperation evolved into humanitarian aid from Azerbaijan for the restoration of social infrastructure in Irpin,” she said.

The head of the Ukrainian representative office of NEQSOL Holding, Volodymyr Lavrenchuk, noted that the translation of the poet’s works into Azerbaijani is a continuation of cultural and value-based ties.

“Lesya Ukrainka is a symbol of strength of spirit, freedom, and Ukraine’s European identity, so supporting the translation of her works is a natural step for the company,” he noted.

Jalal Huseynov, President of the Ukrainian-Azerbaijani Business Association “Terezi,” emphasized the importance of cultural dialogue.

“The highest level of mutual understanding is the word,” he noted.

According to reports, the event was also attended by Olena Odynoka, Deputy Director of the Ukrainian Book Institute, who highlighted the role of translations in intercultural dialogue.

“Translations are bridges between nations; they are what enable us to better understand one another,” she said.

A greeting from Azerbaijani poet and translator Salam Sarvan was read aloud during the event.

The artistic program included performances by Ukrainian artists featuring dance and vocal numbers representing Azerbaijani culture, as well as a performance of the Azerbaijani national anthem on the bandura.

An exhibition of artistic collages by Maria Zamay, a student at Mariupol State University, was also presented.

Following the official portion of the event, guests were treated to a traditional Azerbaijani tea ceremony and refreshments.

The event was attended by representatives of the Ministry of Foreign Affairs of Ukraine, the diplomatic corps, cultural figures, and the media. Partners included the Radisson Blu Hotel Kyiv City Centre, NEQSOL Holding, SOCAR Energy Ukraine, and other organizations.

 

, , ,

Kharkiv Tractor Plant (KTP) to Hold Shareholders’ Meeting on May 8 to Review 2022 Financial Statements

According to Fixygen, Kharkiv Tractor Plant (KTP) will hold a general meeting of shareholders on May 8, 2026, as reported in the issuer disclosure system.

According to the company’s announcement, the meeting will be held remotely via a poll, and the list of shareholders eligible to participate will be compiled as of May 5, 2026.

The agenda includes consideration of the conclusions of the audit report by the audit firm for 2022 and approval of measures based on the results of its review. Shareholders also plan to approve the results of the company’s financial and operational activities for 2022 and determine the procedure for covering the losses incurred.

The draft resolution provides for taking note of the conclusions of the audit report by Standard-Audit LLC regarding the audit of KhTZ’s financial statements for 2022, as well as utilizing the auditor’s recommendations in future operations. It is proposed to cover the losses incurred as a result of the company’s operations using future profits.

The KhTZ website, in the section for shareholders, features a notice regarding the meeting on May 8, a voting ballot, and a notice regarding the number of shares as of April 21, 2026.

PJSC “Kharkiv Tractor Plant” is registered in Kharkiv; its primary activity is the manufacture of machinery and equipment for agriculture and forestry. According to OpenDataBot, the company’s EDRPOU code is 05750295, its authorized capital is UAH 4.35 million, and its director is Oleksiy Nikolaienko. According to the service, KhTZ’s revenue for 2025 amounted to UAH 272.94 million, net profit to UAH 241.86 million, and assets as of the end of 2025 to UAH 873.41 million.

According to the National Securities and Stock Market Commission (NSSMC), as of the fourth quarter of 2025, 91.7667% of Kharkiv Tractor Plant’s shares belonged to the Cypriot company UGDC Holding Limited. In 2016, the DCH Group reported that its president and owner, Oleksandr Yaroslavskyi, had acquired a controlling stake in the Kharkiv Tractor Plant.

,

“Forests of Ukraine” will carry out forest management activities on 107,000 hectares in 2026

The state-owned enterprise “Forests of Ukraine” has begun the forest management season and plans to carry out work on an area of 107,000 hectares in 2026, the company’s press service reported on Facebook.

The state enterprise noted that the spring forest cultivation campaign is currently nearing completion: trees have been planted across an area of over 11,000 hectares, which is 95% of the plan, using over 70 million seedlings.

“Planting a forest is just the first step. Maintenance continues throughout the entire growing season, on average 3–4 times a year per plot. Work began earliest in the Southern, Eastern, Central, Podillia, and Slobozhanshchyna branches, where foresters have already treated over 500 hectares,“ said ”Forests of Ukraine.”

In 2026, the state-owned enterprise intends to focus on mechanizing processes: over 80% of the work is performed using specialized equipment (cultivators, mulchers, and disc harrows). This allows for faster inter-row cultivation to loosen the soil and eliminate weeds, which is critical for the survival of young trees.

“To carry out this work on time, the enterprise is gradually updating its fleet of equipment. Over the course of the year, the State Enterprise ”Forests of Ukraine“ plans to replace over 200 units of outdated equipment,” the press service added.

State Enterprise “Forests of Ukraine” is one of the largest forest users in Europe. The enterprise is responsible for the conservation, protection, rational use, and regeneration of the country’s forest resources.

As reported, State Enterprise “Forests of Ukraine” will implement a large-scale investment program worth 4.1 billion UAH in 2026. The program involves replacing Soviet-era equipment from the 1980s and 1990s with modern European-style machinery. Specifically, by mid-summer 2026, the Carpathian branch will receive 11 modern skidding tractors (skidders) manufactured in Slovakia for use in mountainous terrain. In total, the company plans to purchase over 200 units of specialized equipment this year, including harvesters and energy-efficient tractors for reforestation.

, ,

Kyivstar and VEON have completed their $1.3 bln investment program in Ukraine ahead of schedule

Kyivstar Group Ltd (Nasdaq: KYIV), the parent company of Ukraine’s largest telecommunications operator Kyivstar JSC, and its largest shareholder, the VEON Group (Nasdaq: VEON), announced the completion of a multi-year $1.3 billion investment program in Ukraine, while the initial plan was to invest $1 billion between 2023 and 2027.

“We have invested in the network, energy resilience, and digital platforms that serve millions of people and businesses every day. The implementation of $1.3 billion in investments for our country reflects the dedication of our teams and our confidence in Ukraine’s digital future,” Kyivstar CEO Alexander Komarov said in a press release on Wednesday.

According to him, the investments included further expansion and modernization of mobile coverage, the rollout of Starlink Mobile direct-to-device satellite connectivity, accelerated deployment of high-speed fixed-line connectivity via the Kyivstar network, and significant investments in backup power and energy resilience to ensure service continuity during outages.

At the same time, Kyivstar raised capital to expand its digital ecosystem through strategic acquisitions, which included Uklon—a leading Ukrainian ride-hailing and delivery platform; Tabletki.ua—one of the country’s most widely used digital healthcare platforms for searching, comparing, and ordering medications nationwide; and SUNVIN 11, which owns solar power plants and marked Kyivstar’s first investment in renewable energy and a strategic step toward enhancing energy resilience.

As reported, the companies initially announced a three-year commitment of $600 million in 2023, and later expanded it to a five-year program worth $1 billion, covering connectivity, digital services, energy resilience, strategic acquisitions, and social contributions.

As of the end of 2025, Kyivstar served 22.4 million mobile subscribers and 1.2 million “Home Internet” subscribers.

In 2025, Kyivstar increased its EBITDA by 30% to UAH 27 billion, driven by a 30.3% rise in revenue to UAH 48.2 billion; including in the fourth quarter of last year, when EBITDA increased by 23.1% to UAH 7.2 billion, driven by a 30.1% rise in revenue to UAH 13.5 billion.

, ,

“TAS Agro” to Invest $15 Mln in Modernizing Farms to Meet EU Standards

The agricultural holding “TAS Agro” plans to invest approximately $15 million over the next three years in modernizing dairy farms to bring them into compliance with EU standards, the company’s CEO Oleg Zapletnyuk said in an interview with Delo.ua.

The CEO of the agricultural holding clarified that TAS Agro is concentrating its livestock operations in the Vinnytsia region, where it is completely rebuilding a farm, increasing the number of stalls, and implementing loose housing for livestock.

“The total investment amount is approximately $15 million over the next three years. We are investing in this step by step. This primarily concerns cows. Our goal is to transform outdated livestock farming into a highly productive sector, increase its efficiency, improve livestock housing conditions, and enhance the quality of meat and dairy products,” Zapletnyuk said.

The company’s CEO noted that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026.

“Strategically, we plan to increase our land bank to 100,000 hectares. We are currently considering certain assets; if we manage to finalize the purchase by the end of the year, that will bring us to about 100,000 hectares. The next step is to increase it to 120,000 hectares, but that is by 2028,” he said.

Assessing the financial results, the company’s CEO noted that TAS Agro’s net profit for 2025 is expected to be in the range of $20–22 million.

“In 2025, the company’s net profit was in the range of $20–22 million, but we have not yet sold part of our production. As of today, we have effectively sold the wheat, but we have not yet updated the key financial indicators. Estimated at $20–22 million, this is actually 10% more than we had budgeted,” he emphasized.

Zapletnyuk attributed the decline in profitability compared to 2024 (over $25 million) to drought in some of the regions where the company operates and the drop in global prices for agricultural products.

Last year, the holding exported approximately 270,000 tons of agricultural products, with exports accounting for about 60% of total production. The primary destination was the EU, which received 49% of all shipments. Additionally, 25% of exports went to North African countries, 19% to Asia, and 4% of the products were sold in Middle Eastern markets. At the same time, sunflower seeds, as well as a significant portion of soybeans and rapeseed, are processed domestically at partner plants for the subsequent sale of finished products.

The TAS Agro agricultural holding was established in 2014. It cultivates approximately 80,000 hectares across six regions of Ukraine. Its specialization is crop production and dairy farming (cattle herd—5,500 head). Its grain storage capacity is 250,000 tons. Serhiy Tihipko is the founder of the “TAS” group and the beneficiary of the agricultural holding.

, , , ,