Business news from Ukraine

Business news from Ukraine

Energoatom canceled tenders worth UAH 650 mln after analyzing purchases

JSC NAEK Energoatom analyzed previously announced open tenders, as a result of which the company initiated the cancellation of five tenders for purchases totaling approximately UAH 650 million.

“In order to update the expected purchase price, taking into account the reduced payment terms, the cancellation of five tenders with a total value of approximately UAH 650 million has been initiated,” NAEK reported on Thursday.

Energoatom noted that the company continues to take measures to optimize and improve business processes in the field of procurement.

“In order to prevent a selective or subjective approach to determining the order of payments under concluded contracts, a corresponding system algorithm is being developed,” NAEK said.

The company has also set up a commission to analyze and prioritize production payments.

As previously reported by Energoatom, in order to strengthen cooperation with contractors and taking into account the economic situation in Ukraine, NAEK has significantly reduced the payment deadlines in draft contracts for the supply of goods, performance of work, and provision of services during the period of martial law.

“The updated approach to the formation of contractual terms for setting payment deadlines is related to a review of the financial burden on the company,” the company explained.

Energoatom asserts that for the stable operation of the company in conditions of increased challenges, it is also important to take into account the criticality, importance, and urgency of procurement and strict adherence to the principles of public procurement defined by Ukrainian legislation.

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Kramatorsk Machine-Building Plant earned UAH 1.4 bln in net profit in nine months

JSC Kramatorsk Heavy Machine-Building Plant (KZVV, Perechin, Zakarpattia region), almost 97.7% of whose shares are owned by former MP Maksym Yefimov (Restoration of Ukraine group), earned nearly UAH 1.379 billion in net profit in January-September this year, twice as much as in the same period in 2024.

According to the company’s published financial report, its net income for this period increased 2.6 times to UAH 34.542 billion.

As reported, in the first half of this year, the company increased its net profit fourfold compared to January-June 2024, to UAH 1.233 billion, and its net income 3.5 times, to UAH 21.446 billion.

Thus, in the third quarter of this year, KZVV reduced its net profit by 2.5 times compared to its July-September 2024 figure – to UAH 146.6 million, but increased its revenue by 85% – to UAH 13.1 billion.

As reported, KZVV, which was relocated from Kramatorsk to Perechin in the summer of 2022, manufactures, among other things, wind turbines (WTGs) for Friendly Wind Technology.

KZVV specializes in universal special-purpose machine tools for the energy, metallurgical, oil and gas, machine-building, and railway transport industries, as well as machine tools for single and small-batch production.

Back in 2022, KZVV’s net income was UAH 119.38 million, and its net loss was UAH 134.68 million.

At the beginning of 2025, the plant employed almost 2,000 workers, compared to 296 in 2022.

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PEOPLE MANAGEMENT CONFERENCE2025. People who hold future

When the pace of transformation in the labor market exceeds all forecasts and economic recovery moves in waves, one thing remains unchanged: people become the main strategic advantage of business.

That is why, at the end of the year, the Ukrainian HR community will gather at the 18th PEOPLE MANAGEMENT CONFERENCE — an event where decisions are born out of dialogue, analytics, and honest conversations about what shapes the working environment of the future.

We will talk about the shortage of human capital, team burnout, and the rapid integration of AI. Such changes are already shaping a new management architecture and forcing businesses to rethink their approaches. Therefore, the focus of the conference is shifting from HR as a function to people as the strategic core of business development.

The program consists of three thematic blocks:

  • Reality on the brink: what to do here and now — the most pressing challenges of the labor market, new models of interaction, and solutions for retaining key groups.
  • Foresight and solutions: technology, people, and new management logic — how AI, analytics, and ethical recruiting practices are changing team management and shaping companies’ competitive advantage.
  • Cultures of the future: dignity, inclusion, environments — long-term people strategies, reintegration of veterans, responsible leadership, and the architecture of dignity in business.

Speakers include:

  • Denis Bloshchynsky, musician, entrepreneur, scientist, public figure, and ideologist of numerous social startups
  • Ella Libanova, Director of the Institute for Demography and Social Studies
  • Ivan Prymachenko, co-founder of Prometheus
  • Artur Mikhno, co-owner and CEO of Work.ua
  • Marina Starodubska, author of the book “How to Understand Ukrainians: A Cross-Cultural Perspective”
  • Olga Gorbunovska, Executive Partner, Head of People Advisory Services EY Ukraine
  • Dmytro Shymkiv, Member of the Supervisory Boards of Kyivstar, Helsi, co-owner of AeroDrone
  • Yevheniia Blyzniuk, Sociologist, Founder and Director of Gradus Research
  • Yevhen Getmanchuk, Expert in Organizational Flexibility Development, Psychotherapist, Psychiatrist, Medical Psychologist
  • Tetiana Bilyk, Chair of the Board of the Media School
  • Olena Zhiltsova, Founder of the School of Management Thought
  • Olga Chekmenova, Agile coach
  • Kateryna Bandurovska, Expert on business-people interaction
  • Yulia Tkachuk, Project Director at IREX
  • Yulia Bashlakova, Mental Health Consultant, Partner at “Reliable Future”
  • Kateryna Yasko, Psychologist, Facilitator, Co-founder of the Ukrainian Senses Embassy
  • Dina Volynets, Owner of the Curly Management Bureau, an agency for organizational development through values
  • Natalia Terakhina, HRD Kernel
  • Natalia Oliinyk, CHRO KASTA, organizational model architect and AI and tech transformation leader
  • Vladyslava Grabenko, Head of L&D Ukrnafta
  • Anna Yegorova, Expert in building personnel development systems, employer branding, and AI implementation

The conference will be a space where analytics, case studies, and strategic ideas are transformed into understandable solutions for HR directors, recruiters, L&D and T&D leaders, business owners and managers, team development specialists, and anyone who works with human capital.

The event will take place on December 19, 2025, in Kyiv (Ramada Encore Kyiv Hotel) and online.

400+ participants

Organizer: KA Group

Title partner: Work.ua | Official partner: Linkos Group

18’PEOPLE MANAGEMENT CONFERENCE is the key event of the year, where a new culture of leadership is being formed that will shape the future of business, teams, and Ukraine.

Contact us for special offers:

info@kagroup.ua | +38 (063) 247 94 74

Interfax-Ukraine – information partner

KNUBA and Swedish V94 prepare veterans for work in construction safety

Kyiv National University of Construction and Architecture, together with the Swedish organization V94, is launching the SAFER Reconstruction project, aimed at training specialists in occupational health, safety, and the environment (HSE). The training process will be organized by the Vinnytsia Professional College of Construction, Architecture, and Design, a structural unit of KNUCA. The university will coordinate the program and provide expert support. This was announced by Rector Oleksiy Dniprov.

As part of the initiative, 30 Ukrainian veterans will undergo training to become HSE coordinators and implement EU standards in the construction industry during the reconstruction of Ukraine.

The training program will combine a theoretical component, practical training, and a module on democratic values and European integration. The program is currently being adapted to current market needs in compliance with Ukrainian and European standards.

KNUBA will provide coordination and academic support for the training process. The university’s role includes mentoring Vinnytsia College teachers, providing expertise in the preparation of training materials, quality control of educational content, and participation in the development of the theoretical and practical parts of the program. The KNUBA Institute for Reintegration, Rehabilitation, and Professional Development of Veterans “Architecture of Sustainability” is actively involved in the implementation of the program and is responsible for supporting participants and identifying their educational needs.

The SAFER Reconstruction project brings together an international consortium of partners: V94 – management and coordination, BDO Consulting – training of trainers, Vinnytsia Vocational College – implementation of training, Confederation of Builders of Ukraine – access to practical training at construction sites, Ukrainian Veterans Fund – selection and support of participants, Association of Civic Education Teachers – teaching of EU democratic values.

The project is funded by the Swedish Institute, a government agency of the Swedish Ministry of Foreign Affairs that supports international educational, cultural, and democratic programs. The Institute works to strengthen global cooperation, promote sustainable development, develop democracy, and engage citizens in public life, which is in line with the main objectives of the project in Ukraine.

V94 was founded in 2022 to promote Ukraine’s recovery, in particular by using Swedish experience to develop vocational training in the construction sector.

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Moldova wants to tighten control over cryptocurrency

The Moldovan authorities plan to tighten control over cryptocurrency transactions, according to the parliament’s press service.

This issue was discussed at a meeting of the parliamentary committee on foreign policy. The committee approved the start of negotiations and the signing of a draft amendment to the multilateral agreement signed in Berlin in 2014. Its essence is to include cryptocurrencies in the process of automatic exchange of information on financial accounts between Moldova and other states.

According to the country’s Ministry of Finance, updating the structure of the automatic exchange of information on financial accounts is necessary in connection with the development of financial markets and new tax risks, including those related to digital assets. The ministry believes that the amendment will contribute to greater tax transparency.

Moldova joined the agreement on the exchange of financial account data in 2023, and the first exchange took place in 2024. Data is exchanged with 120 countries.

After signing, the amendment to the agreement will be submitted for ratification at a plenary session of parliament.

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Irkliiv Butter and Cheese Factory in Cherkasy Region is being sold at OpenMarket auction: starting price is UAH 10.9 mln

The industrial complex of the former Irkliiv Butter and Cheese Factory in Cherkasy Region is being offered for sale on the OpenMarket electronic platform. The starting price of the lot is UAH 10.9 million, according to the State Enterprise “SETAM” of the Ministry of Justice of Ukraine.

The property, located in the village of Irkliiv, Chornobaivskyi district, includes several non-residential properties with a total area of 5,222.8 square meters. The complex has a developed engineering infrastructure: electricity supply with a connected capacity of 1,159.2 kW, an operating sewage pumping station, a water tower, and its own well.

“The sale of such properties through open bidding is a way to modernize regional industry. We believe that our auction will help find an investor who can unlock the potential of the enterprise and create jobs,” said Roman Osadchuk, CEO of SETAM.

The auction for the sale of the property will take place on December 18, 2025. The OpenMarket electronic trading system, which has been operating in Ukraine since 2014, is one of the key tools for online asset purchases. In total, property worth more than UAH 26.6 billion has already been sold through the system.

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