Business news from Ukraine

Business news from Ukraine

“Cherkasy River Port” Plans to Hold Shareholders’ Meeting on April 22

According to Fixygen, PJSC “Cherkasy River Port” plans to hold a general meeting of shareholders on April 22.

The company is registered in Cherkasy and operates in the river logistics and cargo transshipment sector. According to public records, the company was founded on July 23, 1996, with a registered capital of UAH 58,476 thousand, and is headed by Viktor Tantsyura. The company’s primary activity is river freight transport. Additional areas of operation include the extraction of sand, gravel, clay, and kaolin; freight trucking; the sale of building materials; and the leasing and operation of real estate.

According to SMIDA data as of March 31, 2026, the company’s largest shareholders are Viktor Atamanenko and Nadezhda Bidna, each of whom owns 37.5881% of the shares.

The Cherkasy River Port is one of the river port facilities on the Dnieper River, focused on handling general and bulk cargo. Industry reports note that the port accommodates river-sea vessels with a carrying capacity of up to 3,000 tons, and its cargo portfolio includes metal, equipment, reinforced concrete products, mineral-building materials, and containerized and general cargo.

According to Opendatabot, the company’s revenue in 2025 amounted to UAH 2.285 million, compared to UAH 1.533 million the previous year. The net loss for the past year decreased to 912,000 UAH from 1.613 million UAH in 2024, and assets as of the end of 2025 were estimated at 2.445 million UAH.

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Akhmetov buys $554 million apartment in Monaco

Ukrainian businessman Rinat Akhmetov has purchased a five-story luxury apartment in Monaco for EUR471 million ($554 million), Bloomberg reported. According to the report, this is one of the largest known transactions involving the sale of a single residential property in history.

According to the publication, the property is located on the waterfront in the new prestigious Mareterra district, built on reclaimed land and set to open in 2024. The apartments are located in the Le Renzo complex and were purchased by the businessman’s holding company.

Bloomberg reports that the residence has 21 rooms and covers approximately 2,500 square meters, excluding balconies and terraces overlooking the Mediterranean Sea. The article also mentions a private pool, a jacuzzi, and at least eight parking spaces.

The stated amount makes the deal a contender for the largest known residential sale in history, notes Bloomberg. The agency compares it to the recent sale of developer Nick Candy’s London mansion for over $350 million and the purchase of a New York penthouse by Citadel founder Ken Griffin for approximately $240 million.

The property is located in Monaco’s new luxury district, which is already positioned as one of the world’s most expensive residential developments. The Financial Times previously reported that prices in Mareterra reach EUR120,000 per square meter, and the project itself includes 110 apartments, four townhouses, and 10 villas.

According to the Bloomberg Billionaires Index, Akhmetov remains Ukraine’s richest person. A Bloomberg report on the purchase emphasizes that the deal was made by a businessman whose fortune the agency estimates at more than $7 billion.

Rinat Akhmetov is the founder and owner of the SCM Group, whose key interests are concentrated in energy, metallurgy, telecommunications, the banking sector, real estate, and logistics.

 

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“TAS Agro Pivnich” Has Begun Its Spring Planting Campaign

The agricultural enterprise “TAS Agro Pivnich,” part of the “TAS Agro” agricultural holding, has launched its 2026 spring planting campaign, the company’s director, Serhiy Zinenko, announced on Facebook.

According to the report, approximately 13,000 hectares have been allocated for spring crops in the 2026 season. Due to the restructuring of the crop rotation, the focus is on row crops: sunflowers will occupy 10,000 hectares, and corn—3,000 hectares. Currently, the first hectares have already been sown with sunflowers, with liquid complex fertilizers (LCF) applied simultaneously.

The agricultural holding noted that despite the prolonged frosts, snow, and rain, work began according to schedule.

“We clearly understand what we are doing and why. In such conditions, it is important not to lose momentum and to trust the team. Planting is always about responsibility, and this year it is felt especially strongly,“ Zinenko emphasized.

The ”TAS Agro” agricultural holding planted a total of about 40,000 hectares with spring crops in the 2025 season. At that time, 16,000 hectares were allocated for sunflowers, 15,000 hectares for soybeans, and 7,000 hectares for corn. In addition, the company grew industrial hemp (160 hectares) on a trial basis but decided against growing sugar beets.

According to Oleg Zapletnyuk, CEO of “TAS Agro,” the modernization of the machinery fleet and the recruitment of in-house staff allowed the company to sow up to 2,300 hectares per day last year.

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). Elevator capacity totals 250,000 tons. The founder of the TAS Group and beneficiary of the agricultural holding is Serhiy Tihipko.

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Montenegro has welcomed group of Ukrainian children who lost their parents in war

According to Serbian Economist, Ulcinj, Montenegro, has welcomed a group of Ukrainian children who lost one or both parents as a result of the war. As reported by Montenegro’s Ministry of Human Rights and Minorities, an eight-day vacation with additional activities and optional excursions was organized for 40 Ukrainian children and the teachers accompanying them.

According to the ministry, the program was implemented in cooperation with the Ukrainian Embassy in Montenegro, the Municipality of Ulcinj, and the Ulcinj Tourism Organization. The children were shown the city, its natural landmarks, and historical sites, and walks in the surrounding areas were organized.

For Montenegro, such initiatives have not only humanitarian but also socio-political significance. Since 2022, Montenegro has remained one of the most welcoming countries for Ukrainians relative to its own population, and supporting children affected by the war reinforces Montenegro’s image as one of Ukraine’s most committed partners in the Balkans.

According to UN data, more than 200,000 Ukrainian citizens have entered the country since the start of the war, although a significant portion subsequently moved on. Currently, according to various estimates, at least 10,000 Ukrainian citizens reside in Montenegro. This makes Montenegro an important humanitarian and social hub for Ukrainians in the Adriatic region, despite the country’s relatively small size.

https://t.me/relocationrs/2677

 

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Finland Plans to Amend Its Citizenship Law

The Finnish government has submitted a bill to parliament that would introduce a mandatory citizenship test for applicants for a Finnish passport. The test is intended to assess knowledge of Finnish society, its structure, and key principles, and if approved by parliament, the new rules are scheduled to take effect in early 2027.

As clarified by the Finnish Ministry of the Interior, the exam will be part of a broader reform of the citizenship law, aimed at tightening naturalization requirements and placing greater emphasis on integration, employment, and adherence to the norms of Finnish society. The test will be available in Finnish or Swedish.

The reform continues the current government’s phased approach to tightening migration policy. Finland had previously increased requirements regarding length of residence, income, and compliance with the law for citizenship applicants, and has now decided to add a separate test of civic knowledge.

This discussion is of particular importance for Finland’s labor market and migration environment, as the country remains significantly more dependent on external population inflows than it was just a few years ago. According to Statistics Finland, the country’s population stood at 5,652,881 by the end of 2025, and population growth in recent years has been largely driven by migration. In 2025, 50,060 people arrived in Finland, and net migration stood at 34,852 people, fully offsetting the natural population decline.

Authorities are also noting an increase in the number of new citizens. According to the Finnish Immigration Service, 14,689 people received Finnish citizenship in 2025—a record high. Of these, 13,483 received citizenship upon application, and 1,206 through the notification procedure.

According to official data from Statistics Finland, 5.65 million people resided in Finland at the end of 2025, and the number of residents of foreign origin and foreign citizens continued to grow; specific databases from Statistics Finland provide a breakdown by citizenship and country of origin, and also show that the growth in recent years was largely due to the influx from Ukraine. Official releases from Statistics Finland explicitly noted that in 2023, the largest numbers of people arrived in Finland from Ukraine, Russia, Sri Lanka, and India.

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Paraguay has launched new program for obtaining permanent residency through investment

According to the Relocation project, the Paraguayan government has launched the new Paraguay Investor Pass program, which allows foreign investors to obtain permanent residency directly, without a prior temporary residency phase. According to the country’s official authorities, the program offers several investment options. To obtain permanent residency, foreigners can invest $150,000 in tourism projects or $200,000 in real estate or the Paraguayan stock market.

The program will be administered through the SUACE single-window system under the Ministry of Industry and Trade. Most of the procedure has been digitized, while in-person visits will be required primarily for obtaining an identity card.

The Paraguayan government expects that the new scheme will increase the country’s appeal to foreign capital and simplify the relocation of investors interested in launching or developing projects locally.

The government cites tax benefits for residents as an additional incentive. Specifically, the dividend tax rate for residents has been reduced from 15% to 8%.

According to official data, Paraguay issued 40,600 residence permits last year, with the majority going to Brazilian citizens. The government expects a further increase in the number of residency permits in 2026.

The new program may contribute to capital inflows primarily into tourism, real estate, and the financial sector, as well as increase foreign investors’ interest in Paraguay as one of the relatively affordable jurisdictions for obtaining permanent residency through investment.

https://relocation.com.ua/paraguay-has-launched-a-new-program-for-obtaining-permanent-residency-through-investment/

 

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