The European Bank for Reconstruction and Development (EBRD) is considering providing a long-term loan of up to EUR50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC, majority-owned by VI.AN Holding, a member of the OKKO Group, to finance the construction and operation of a 189 MW wind farm in Ukraine.
According to the bank’s materials, the EBRD loan will be part of the project’s secured debt financing, involving the International Finance Corporation (IFC) and the Black Sea Trade and Development Bank (BSTDB).
The project will also receive guarantee support and grant funds for technical assistance from the European Union under the Ukraine Investment Framework through the HI-BAR program, which reduces risks for investors and helps attract funding to renewable energy and climate technology projects.
Against the backdrop of significant losses in power generation capacity due to the war, this investment is expected to help reduce the electricity deficit, support decarbonization, and strengthen the private sector’s role in the development of renewable energy.
According to the bank’s estimates, the new wind farm will generate approximately 467 GWh of electricity annually and reduce CO2 emissions by about 300,000 tons per year. The total cost of the project is estimated at EUR 262 million.
The project is currently in the development stage, with approval expected on May 28, 2026.
OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the Galnaftogaz concern, which operates one of the largest gas station networks in Ukraine under the “OKKO” brand, comprising about 400 gas stations.
The founder and ultimate beneficiary of the group is Vitaliy Antonov.
As reported, in April 2025, the EBRD, IFC, and CEB announced a EUR157 million loan to the Galnaftogaz Group for a 147 MW wind farm in the Volyn region.
The pharmaceutical company PJSC “Kyiv Vitamin Plant” (KVP) increased its net profit 2.1-fold in 2025 compared to 2024, reaching UAH 328.461 million.
As reported by the company in the disclosure system of the National Securities and Stock Market Commission (NSSMC), net revenue from product sales for 2025 increased by 3.13%—to nearly UAH 5.099 billion.
As previously reported, the company planned to increase sales volumes by 17.5% by the end of 2025.
In 2024, KVZ increased its net profit by 8.74% compared to 2023—to UAH 156.84 million; revenue from product sales last year rose by 14.71%—to UAH 4.944 billion.
KVZ is among the top ten largest pharmaceutical companies in Ukraine. The company’s product portfolio includes over 100 medicinal products and 20 dietary supplements.
According to the Opendatabot system, the ultimate beneficiary of KVZ is Canadian citizen Maxim Martin.
Industrial producer prices in Ukraine rose by 2.3% in March compared to the previous month of 2026, following a 22.3% increase in February and a 3.5% increase in January, according to the State Statistics Service (SSS).
“In March, the rise in prices was primarily driven by a 4.8% increase in costs in the mining and quarrying sector,” the State Statistics Service noted.
According to the agency’s data, on an annualized basis (compared to March 2025), industrial price growth accelerated to 36.6% by the end of March 2026, up from 34.5% in February and 11.2% in January.
As reported, industrial prices rose by 8.2% in 2025.
ECONOMY, INDUSTRIAL PRODUCTS, INDUSTRY, State Statistics Service
State-owned LLC “Land Bank” transferred UAH 369 million in dividends to the state budget based on its 2025 performance, representing 95% of the company’s net profit, the operator’s press service reported on its Telegram channel.
According to the report, this figure is one of the highest in terms of profit return to the state among enterprises under the management of the State Property Fund of Ukraine (SPFU).
“This is an example of how state assets can function as a fully-fledged economic instrument. The Land Bank proves that instead of passive holding, the state can achieve tangible financial results,” emphasized SPFU Chairman Dmytro Natalukha.
According to the CEO of State Land Bank LLC Yaroslav Yaroslavsky, based on last year’s results, the company made it onto the list of major taxpayers, ranking 12th among state-owned enterprises by revenue alongside giants such as “Naftogaz,” “Ukrenergo,” and “Ukrzaliznytsia.”
The “Land Bank” is a state-owned operator established to manage agricultural land through a long-term lease mechanism. 100% of the company’s shares are owned by the state, represented by the State Property Fund of Ukraine.
The project was officially launched in 2024 to consolidate state-owned land and sell it through online auctions on the “Prozorro.Sales” platform. The first auctions for land leases began in the fall of 2024, allowing the operator to achieve significant financial results in its very first full year of operation. According to the State Property Fund of Ukraine, the company currently manages over 100,000 hectares of land.
On April 24, PJSC “National Energy Company (NEC) ”Ukrenergo“” announced a tender for comprehensive motor vehicle insurance services.
According to the Prozorro electronic public procurement system, the estimated cost of the services is 6.991 million UAH.
The deadline for submitting bids is May 4.
“Shlyakhrembud,” a municipal specialized contractor for road repair and construction in Kharkiv, announced a tender on April 24 for compulsory motor third-party liability insurance for owners of land vehicles.
According to the Prozorro e-procurement system, the estimated cost of the services is 7.679 million UAH.
The deadline for submitting bids is May 2.
As previously reported, the winner of a similar tender a year earlier was the insurance company “Kraina.”
