Business news from Ukraine

Business news from Ukraine

Excise tax revenues in Ukraine rose to 74.1 bln hryvnia in first quarter

According to Open4business, excise tax revenues to the general fund of the state budget in January–March 2026 amounted to UAH 74.1 billion, compared to UAH 60.0 billion for the same period last year, the Ministry of Finance reported, citing data from the State Treasury.

In March, excise tax revenues amounted to 29.1 billion UAH, compared to 22.6 billion UAH in March 2025, the ministry added.

Import VAT was a key driver of Ukraine’s budget revenue in first quarter

VAT revenue from imported goods rose to 147.6 billion hryvnia in January–March 2026, compared with 118.8 billion hryvnia a year earlier, the Ministry of Finance reported.

VAT on goods produced in Ukraine over the three-month period amounted to 81.8 billion UAH, compared with 85.2 billion UAH a year earlier, whilst VAT refunds increased to 58.8 billion UAH from 42.4 billion UAH. In March, VAT on imported goods amounted to 59.9 billion UAH (44.9 billion UAH a year earlier), VAT on domestic goods to 23.0 billion UAH (26.1 billion UAH), and VAT refunds rose to 18.2 billion UAH from 13.8 billion UAH.

“Ivano-Frankivsktorf” to Hold Shareholders’ Meeting on April 21

According to Fixygen, Ivano-Frankivsktorf PJSC will hold its annual general meeting of shareholders on April 21, 2026, via remote participation. Shareholders will review the financial statements, last year’s financial results, and matters related to current management.

The company operates in the peat extraction and processing sector. According to Opendatabot, the controlling stake is held by private Ukrainian shareholders. Companies of this type have historically been important for the fuel and agricultural sectors, and today they are also of interest in terms of local sources of raw materials and fuel.

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Grants brought in 173.1 bln UAH to budget for quarter

A significant portion of the increase in general fund revenue for the state budget in January–March 2026 is attributable to international aid in the form of grants totaling 173.1 billion UAH, the Ministry of Finance reported.

However, in March, the volume of grants fell to 8.8 billion UAH after 62.9 billion UAH in February and 101.4 billion UAH in January, whereas in March of last year, grants amounted to 97.8 billion UAH. Against the backdrop of lower grants, general fund revenues in March fell by 16.6% to 267.7 billion hryvnia, although total budget revenues for the month rose by 0.9% to 392.6 billion hryvnia.

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Ukrainian Capital Bank has scheduled shareholders’ meeting for April 29

According to Fixygen, JSC “Ukrainian Capital Bank” will hold its annual general meeting of shareholders on April 29, 2026, via remote participation. Shareholders will review the bank’s financial statements, financial results, and development strategy.

The bank operates in the corporate segment and serves business clients. According to Opendatabot, a controlling stake (over 75%) is held by Ukrainian businessman Andriy Onystrat through affiliated entities. The bank is actively engaged in the settlement and cash management segment and business financing.

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Revenues to the general fund of Ukraine’s state budget rose by 26.3% in January–March

Ukraine’s state budget revenue for January–March 2026 amounted to 1.02 trillion UAH, including 734.6 billion UAH from the general fund, representing increases of 10.2% and 26.3% respectively compared with the previous year, the Ministry of Finance reported, citing provisional data from the State Treasury.

Cash expenditure from the general fund over the three months rose by 7.1% to UAH 914.8 billion, whilst total budget expenditure, including the special fund, fell by 1.1% to UAH 1.15 trillion.

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