Business news from Ukraine

Business news from Ukraine

International investment forum will be held in Tashkent on June 16–18

The Embassy of the Republic of Uzbekistan invites representatives of the business community, investment companies, the banking and financial sector, industry associations, chambers of commerce and industry, international organizations, and the expert community to participate in the 5th Anniversary Tashkent International Investment Forum.

The event will take place June 16–18, 2026, in Tashkent and will serve as one of the key international platforms for discussing investment cooperation and developing new partnership solutions. The forum’s theme—“Investment Resilience: New Frontiers, New Partnerships”—will focus on protecting investments amid global uncertainty, establishing sustainable financial mechanisms, and developing new avenues of cooperation in promising markets.

The forum will feature discussions on macroeconomic trends and the investment potential of Uzbekistan, which is demonstrating steady growth and rising international ratings, as well as practical aspects of implementing investment projects.

Particular attention will be paid to the launch of the Tashkent International Financial Center, the development of financial infrastructure, trade and transport connectivity, the energy transition, and climate finance. The program includes panel discussions, industry sessions, bilateral meetings in B2B and B2G formats, as well as discussions on arbitration and investment protection.

The forum will provide participants with the opportunity to establish direct contacts with representatives of government agencies, international financial institutions, and the business community, learn about investment projects, and expand business cooperation.

Additionally, a rich business and cultural program is planned, including thematic events, networking sessions, and special events for forum participants.

More details

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As of early 2026, Ukraine ranked second among all countries in terms of chocolate exports to Uzbekistan

According to data for January–February 2026, Ukraine ranked second among the largest suppliers of chocolate products to Uzbekistan. This was reported by the National Statistics Committee of Uzbekistan.

According to official data, in the first two months of 2026, Uzbekistan imported approximately 6,600 tons of chocolate products worth $27.7 million from 34 countries. At the same time, the volume of imports decreased by 1,100 tons compared to the same period last year.

Russia remains the largest supplier of chocolate to Uzbekistan, with a volume of 4,407 tons. Ukraine ranks second with 607 tons. Next are Turkmenistan with 209.1 tons, Kazakhstan with 201.8 tons, and Turkey with 190.7 tons.

Thus, Ukrainian producers maintain a strong position in the Uzbek chocolate market, trailing only Russian suppliers and outpacing other regional exporters.

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Airfare Prices Rising in Europe, Study Finds

Disruptions in global oil supplies caused by the war in Iran have led to an increase in the cost of long-haul flights from Europe by more than $100 per passenger, according to the European Federation for Transport and Environment (T&E).

According to its data, rising aviation fuel prices have increased airlines’ costs by an average of 88 euros ($104) per passenger on long-haul flights from Europe and by 29 euros on flights within Europe. For example, fuel for a flight from Barcelona to Berlin will cost €26 more per passenger, and on the route from Paris to New York, it will cost €129 more.

T&E compared prices as of April 16 with the cost of flights immediately before the start of the war between the U.S. and Israel against Iran. The group calculated the average fuel consumption for all routes departing from European airports and divided it by the number of departing passengers.

The calculations showed that the additional costs associated with the spike in fuel prices far exceed the costs airlines incur to comply with the European Union’s climate change policies. “The crisis in the Middle East proves that our real vulnerability lies in a tank filled with foreign oil, not in laws designed to fix it,” said T&E Aviation Director Diana Vitti.

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“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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