Business news from Ukraine

Business news from Ukraine

Works by Ukrainian artist Streliaiev-Nazark become part of Louis Vuitton collection

According to the Interfax-Ukraine Culture project, the works of Ukrainian artist Nazariy Streliaiev-Nazark have become part of the new collection of the French fashion house Louis Vuitton, presented during Fashion Week in Paris, the artist reports on his Instagram page.

“I sincerely thank Nicolas Ghesquière and Florent Buono for their trust and for inviting me to participate in the creation of this collection. It was a real pleasure to see my works through your vision and from a new perspective,” the artist said.

The collection, created by the brand’s creative director Nicolas Ghesquière, uses motifs from the Ukrainian artist’s paintings, in particular elements of the work Paramnesia, written in 2023.

The image from the painting was adapted for the fashion show: on one of the prints, the lamb depicted on the canvas was given boots with the brand’s signature monogram.

Streliaiev-Nazarko was born in Kharkiv and now lives and works in Milan. His work combines elements of symbolism, surrealism, and contemporary painting. The artist’s works have been exhibited in galleries in Europe and the United States.

The collection was presented on March 10 during Paris Fashion Week, one of the world’s key fashion industry events.

Nazariy Streliaev-Nazarko is a Ukrainian artist from Kharkiv who currently lives and works in Milan. His work combines elements of classical European painting, symbolism, and contemporary art. In his works, the artist often addresses themes of memory, myth, and human experience, creating images that combine reality and symbolism. His paintings have been exhibited in galleries across Europe and featured in international art projects.

https://interfax.com.ua/news/culture/1151144.html

 

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Purchase prices for wheat have risen in ports of Greater Odessa – APK-Inform

Prices for wheat in the ports of Greater Odessa (CPT port basis) began to rise this week, according to the information and analytical agency APK-Inform.

According to monitoring data, as of March 11, 2026, traders’ prices for class 2 wheat most often range from 10,600 to 11,000 UAH/ton CPT port, which is 100-150 UAH/ton higher than at the end of the previous week. In dollar terms, demand prices also rose and amounted to $215-225/ton CPT port.

According to analysts, prices were supported by the rise in grain prices on a FOB basis amid increased demand and restrained sales by farmers, as well as the devaluation of the national currency against the dollar.

“Individual export-oriented companies declared lower prices due to the lack of need to urgently form volumes to fulfill previously concluded contracts,” the agency stated.

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Tin imports to Ukraine increased by 18.8%, exports – almost 50 times

In January-February 2026, imports of tin and tin products increased by 18.8% to $727 thousand (in February – $559 thousand).

Exports of tin and tin products in January-February 2026 amounted to $248,000 (in February – $23,000), while in January-February 2025 they amounted to $5,000.

In 2025, imports of tin and tin products increased by 36.5% to $4.352 million.

Exports of tin and tin products amounted to $241,000, compared to $389,000 in the 12 months of 2024.

Tin is mainly used as a safe, non-toxic, corrosion-resistant coating in its pure form or in alloys with other metals. The main industrial applications of tin are in white tinplate (tinned iron) for the manufacture of food containers, in solders for electronics, in domestic piping, in bearing alloys, and in coatings made of tin and its alloys. The most important tin alloy is bronze (with copper).

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Ukrainian Kovlar Group enters Moldovan market, plans to increase exports to this country

Ukrainian manufacturer of passive fire protection systems Kovlar Group is expanding its presence in the Moldovan market and expects to make this direction one of the first stable export channels for its products.

According to the company, it has been supplying fire protection products for engineering communications to Moldova for the past two years. Kovlar Group notes that there is virtually no domestic production of passive fire protection materials on the Moldovan market, so local partners are showing interest in Ukrainian systems.

The company specifies that regular technical meetings are held with Moldovan specialists to introduce the products, during which issues of fire protection system design, national regulatory requirements, and features of material application are discussed. According to preliminary agreements, the Moldovan side plans to purchase a significant part of Ammokote products.

The presence of Ammokote products on the Moldovan market is also confirmed by open specialized resources: in particular, the specialized platform Antikor.md features Ammokote products for fire protection of engineering communications with technical documentation and certificates.

Kovlar Group LLC was founded in 2015 in Kyiv and is the largest manufacturer of passive fire protection products in Ukraine. According to OpenDataBot, the company’s authorized capital is UAH 1.2 million, and its ultimate beneficiaries are Kostyantyn Kalafat (40%), Andrii Ozeychuk (35%), and Liubov Vakhitova (25%). The company’s revenue for 2024 amounted to UAH 91.37 million, which is twice as much as a year earlier, and its net profit was UAH 13.4 million, which is 1.7 times higher than in 2023. In the first quarter of 2025, the company’s revenue amounted to UAH 13.5 million, with a net profit of UAH 1.983 million.

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Forbes has lowered Pavel Durov’s net worth estimate to $6.6 bln

The net worth of Telegram founder and sole owner Pavel Durov has fallen to $6.6 billion from $17.1 billion a year earlier, according to a new Forbes estimate. Thus, the entrepreneur’s capital has decreased by approximately 61%, or 2.6 times.

The key reason for the revaluation was the deterioration of market conditions. Telegram’s debt obligations were an additional factor putting pressure on the valuation. According to Forbes, on March 22, 2026, the company must redeem the remainder of its first bond issue for approximately $1.1 billion. The Financial Times previously reported that Telegram had already placed a new $1.7 billion bond issue, while IPO plans remain in question amid Durov’s legal problems in France.

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“Forests of Ukraine” registered rights to 1,600 hectares of natural forests at beginning of 2026

Since the beginning of 2026, the state-owned enterprise “Forests of Ukraine” has registered property rights to 1,600 hectares of natural forests and reserve lands for forestry purposes, the press service of the state-owned enterprise reported on its Telegram channel.

According to the report, these are self-forested areas that previously belonged to communities or local administrations but did not have official status and were not in use.

The largest areas of land were registered by the branches of the Polissya Forest Office (611 hectares in Rivne region) and the Central Forest Office (681 hectares in Cherkasy region).

“In the first two months of the year, the company submitted applications for another 4,700 hectares, of which more than 2,000 hectares have already received positive decisions,” the State Forestry Agency of Ukraine clarified.

The state-owned enterprise reminded that after the approval of land management documentation, the plots are transferred to the enterprise for permanent use with the corresponding registration of rights.

As reported, Ukraine has about 2 million hectares of self-forested areas that have emerged naturally on abandoned agricultural land, but the procedure for transferring them to the Forest Fund remains complicated. According to Law No. 5650, the recognition of a plot as a forest requires the voluntary consent of communities, which often prefer to lease these lands to agricultural producers for plowing in order to obtain quick tax revenues.

The State Enterprise “Forests of Ukraine” emphasized that without official registration with the state enterprise, self-grown forests remain without proper care and fire protection. The registration of property rights makes it possible to include these areas in the state monitoring system and prevent their destruction through the economic activities of private individuals and communities.

By the end of 2024, communities had transferred 24,600 hectares of such land to state ownership, and in 2025, rights were formalized for another 9,500 hectares, of which 2,500 hectares were self-seeded forests.

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