Business news from Ukraine

Business news from Ukraine

Ukrainian Embassy explained new nuances of law on assistance to Ukrainian citizens in Poland

The Ukrainian Embassy in the Republic of Poland reminded that the Special Law on Assistance to Ukrainian Citizens of March 12, 2022, will cease to be in force on March 5.

“All key mechanisms of temporary protection have been transferred to systemic laws, primarily to the Act of June 13, 2003, on granting protection to foreigners on the territory of the Republic of Poland. The stay of a beneficiary of temporary protection is recognized as legal until March 4, 2027,” the embassy said in a statement on its Facebook page.

It is noted that for this period, the stay is recognized as legal if the person: entered Poland after February 24, 2022, as a result of armed conflict; received a PESEL number with UKR status; does not have temporary protection provided by another EU member state.

The embassy added that for persons who already had a PESEL number with UKR status at the time of the entry into force of the law of January 23, 2026, this status remains valid.

“UKR status is now regulated by the Population Registration Act (Ustawa o ewidencji ludnosći). An application for a PESEL number with UKR status must be submitted in person to any commune authority within 30 days of arrival. A photograph and fingerprints must be attached to the application… Until August 31, 2026, persons who have been granted UKR status on the basis of an application are required to confirm their identity with a foreign passport (if a passport was provided). If this requirement is not met, the status will be changed to NUE (which does not grant the right to legal residence or any social assistance from the state),” the diplomatic mission warned.

It is reported that persons with temporary protection now have access to medical care on terms similar to those of Polish citizens. Full access to medical services is provided if you have medical insurance and pay contributions to ZUS. People without insurance are entitled to free assistance only in cases of immediate threat to life and health, during pregnancy and the postpartum period, and until the age of 18.

Changes will be made to the provision of accommodation in collective accommodation centers.

“The Minister of Internal Affairs may provide accommodation and meals (in a collective accommodation center or financial assistance) according to the following rules: a maximum of 60 days from the date of first entry into Poland (for new arrivals); in total, no more than 12 months during the entire period of temporary protection. This limit is cumulative (total) — all time spent in the centers since 2022 is taken into account,” the statement said.

For vulnerable groups, collective housing with meals is provided by the Minister of Social Welfare. Vulnerable groups include: persons with disabilities (moderate/severe disability, as well as their caregivers); persons aged 60+ (women)/65+ (men) without a Polish pension, who are not working and do not have adult children receiving alimony; pregnant women or mothers with children under 12 months of age; persons from abroad who are under the care of institutions/families; persons who have just been discharged from hospital after hospitalization lasting at least 7 days and paid for by the NFZ.

It is reported that a special transition period is in effect until June 30, 2026: the voivode may allow everyone who already lives there to remain in the center (even if the 12-month limit has long been exceeded). This period has been introduced to give people time to finish the school year and find permanent housing. After June 30, 2026, persons who do not belong to vulnerable groups will lose their right to free accommodation in collective accommodation centers.

“Educational assistance 800+ and other family benefits are provided under the general conditions applicable to foreigners — that is, provided that the guardian is professionally active and the child fulfills their school obligations. The authority to supervise and control the expenditure of assistance for children from the foreign care system is entirely vested in the county authorities. In case of violation of the conditions, payments may be suspended,” the embassy informs.

Temporary protection is not granted and/or is terminated if the person: has a permanent residence permit, long-term EU resident status, temporary residence permit, refugee status, etc. (applies to all EU countries); has applied for international protection; has been granted temporary protection in another EU country; is a citizen of an EU member state; has provided false information or forged documents; has entered under the local border traffic regime.

Temporary protection is also terminated in the event of departure from Poland for a period exceeding 30 days, written refusal of protection, or acquisition of another legal status.

Temporary protection is valid until March 4, 2027. Further decisions on the extension or change of the legal stay of Ukrainian citizens in Poland are within the competence of the Government of the Republic of Poland.

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Cost of insurance for ships passing through Strait of Hormuz has jumped 12 times

The cost of insurance for ships passing through the Strait of Hormuz has jumped 12-fold, despite US President Donald Trump’s promise to ensure uninterrupted energy supplies from the Middle East, the Financial Times reports, citing brokers.

According to the publication’s sources, the insurance rate for ships operating in high-risk areas, which include not only the strait itself but also the waters adjacent to it, is now 3% of the ship’s value, whereas before the US and Israeli military operation against Iran, it was 0.25%.

The White House chief previously wrote on Truth Social that he had ordered the US International Development Finance Corporation (DFC) to begin providing insurance and guarantees on favorable terms “for all commercial maritime traffic through the Persian Gulf, especially that related to energy resources.”

Insurers are trying to figure out how this will work and whether it will help lower prices. Several brokers admitted to the FT that they were taken aback by Trump’s statement.

“We haven’t heard anything other than this announcement on Truth Social,” said David Smith of brokerage firm McGill, adding that insurers don’t know how widely the announced support will be extended, despite the promise to insure “all” trade passing through the Persian Gulf.

Other experts question how effective the DFC’s assistance can be, given that its primary role is to promote private investment in poor countries, while the main problem for shipowners operating in the Persian Gulf is the threat of attack.

“We already have insurance,” said Ed Finley-Richardson, founder of Contango Research. The DFC announcement may have helped curb oil price rises, but it is unlikely to change anything for us, he added.

At least seven tankers have been attacked in the Strait of Hormuz and surrounding waters since Sunday. Some ships reported receiving radio warnings demanding that they stay away from the strait.

Trump said on Truth Social that the US Navy would escort tankers through the Strait of Hormuz if necessary.

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EBRD provides €4.1 mln grant to open Superhumans centers in Dnipro and Odesa

The European Bank for Reconstruction and Development (EBRD) has approved a grant of EUR4.13 million to support Superhumans centers in Dnipro and Odesa, according to the financial institution’s website.

“The need for grant support is related to the extraordinary circumstances of the war and the shortage of specialized rehabilitation services, which forces patients to travel long distances to Lviv or abroad,” the EBRD said in a statement.

It is reported that in mid-2026, the organization plans to launch a medical center in Odesa, designed for 600 new patients per year and to support up to 1,200 people annually with follow-up services. The launch of the center in Odesa should expand access to multidisciplinary rehabilitation care in southern Ukraine.

Currently, Superhumans military trauma centers operate in Lviv and Dnipro: the first was launched in April 2023, the second was opened in June 2025, and together they can accept up to 2,000 patients per year.

Superhumans is a nationwide military trauma center that has specialized in prosthetics, reconstructive surgery, rehabilitation, and psychological support for adults and children affected by war since 2022.

The organization cooperates with the Ukrainian Ministry of Health to update care protocols and improve the qualifications of medical workers, supports state hospitals through international medical missions and training of specialists, including prosthetists, and interacts with the Ministry of Veterans Affairs and the Ministry of Economy in programs to support and reintegrate veterans.

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Ukrtelecom increased its revenue to UAH 5.2 bln and invested UAH 500 mln in optics

According to unaudited financial statements, Ukrtelecom, the country’s largest fixed-line operator, increased its total revenue by 7% in 2025 compared to 2024, to UAH 5.2 billion, the company said in a statement.

“In 2025, we continued to invest in network stability: in optical infrastructure, energy independence, and cyber protection,” said Yuriy Kurmaz, CEO of Ukrtelecom, in the release.

It is noted that EBITDA in 2025 exceeded UAH 1.2 billion, which is 31% more than in the previous year, and EBITDA margin increased by 4.3 percentage points (pp) to 24%.

The operator emphasized that capital investments in 2025 amounted to about UAH 500 million and were directed toward the development of optical infrastructure and energy sustainability of the network. The company also transferred almost UAH 1.6 billion in taxes and fees to budgets of all levels over the past year.

According to the release, 4.5 thousand km of fiber-optic cable were laid during 2025, and the total length of the optical network reached almost 93 thousand km. As of the end of 2025, the company’s optical coverage covers 3.4 million Ukrainian households, and 1,400 medical and 1,900 educational institutions use modern optical services.

Ukrtelecom specified that by the beginning of 2026, the share of fiber optic internet users exceeded 80% of the operator’s total internet subscriber base, and revenue from providing fiber optic internet services grew by 12%.

The company added that on January 1, 2026, it introduced a new speed standard for households—up to 1 Gbit/s based on GPON.

Among other achievements last year, the operator highlighted more than UAH 550 million in revenue from commercial leases (excluding reimbursement of electricity, heat, and other utility costs), with leased properties totaling nearly 590,000 square meters.

It is noted that in 2025, the mobile operator TriMob, founded by Ukrtelecom, introduced LTE/4G mobile communication services.

“In 2025, Ukrtelecom became the first Ukrainian company to join Connect Europe, which brings together leading European operators,” the release also notes.

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Continental Farmers Group will sow 108,000 hectares with spring crops and 73,000 hectares with winter crops

The Continental Farmers Group (CFG) agricultural holding has allocated 73,000 hectares for winter crops and 108,100 hectares for spring crops in its crop structure for 2026, the company’s press service reported on Facebook.

According to the report, winter wheat occupies 35,370 hectares, winter rapeseed — 27,400 hectares, and winter barley — 10,280 hectares in the winter crop structure.

The agricultural holding is currently completing preparations for the active phase of spring field work, which has been slightly delayed due to the cold and prolonged winter. Monitoring by agronomists has confirmed the successful overwintering of crops, and the risks of replanting are not being considered.

“Due to the prolonged snow cover and the risk of washout, nitrogen fertilization was not carried out in February, as in previous years. All operations are being postponed until March, which will increase the intensity of work if fertilization, winter crop protection, and preparation for spring sowing coincide in one window,” said Konstantin Shityuk, COO of Continental.

The agricultural holding clarified that snow cover of 10 to 30 cm protected winter crops from freezing at temperatures down to -25°C in the fields of Ternopil, Khmelnytsky, and Ivano-Frankivsk regions. There is currently no rapid runoff in the areas thanks to unfrozen soil, which absorbs meltwater.

Continental’s agronomists expect that the temperature regime in March and early April will determine the pace of spring vegetation and form an optimal window for wheat tillering, which will allow the potential of late sowing to be realized.

The Mriya agricultural holding and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018, when Mriya signed an agreement with international investor Salic UK to sell its assets.

Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.

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Shareholders of Novomoskovsk Mineral Water Plant to consider losses for 2025

According to Fixygen, shareholders of Novomoskovsk Mineral Water Plant (Znamivka village, Dnipropetrovsk region) will consider the transition to a single-tier management structure at the annual general meeting on April 20, 2026, the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft agenda, shareholders are proposed to adopt a decision on the termination of the supervisory board as a collegial body and the termination of the powers of its members Oksana Kolyada, Svitlana Kochergina, and Oleksiy Laikov. If the changes are approved, the company will be managed by the general meeting and the CEO.

In addition, shareholders plan to approve the 2025 financial statements, the procedure for covering last year’s losses, and determine the main areas of activity for 2026.

The shareholders also plan to consider amendments to the company’s charter, approve the new version of the internal regulations, and give preliminary consent for the CEO to perform significant transactions during the year.

PJSC Novomoskovsk Mineral Water Plant (Znamennivka village, Dnipropetrovsk region) was founded in 1996. The company specializes in the production of soft drinks, mineral and other waters. In addition, it bottles water in polycarbonate cylinders. The plant has six Italian bottling lines. The company manufactures products under the trademarks Novotroitskaya, Dniprovskaya, Hit Parade, Shustrik, Aquileya, and Novotroitsky kvass.

According to Opendatabot, in 2024, the company increased its net loss by 5.9 times compared to 2023, to UAH 23.443 million. Meanwhile, its revenue decreased by 19.2% to UAH 157.85 million, while assets and liabilities increased 1.6 times to UAH 325.61 million and UAH 382.38 million, respectively. The number of employees increased 2.2 times over the year, to 459. The authorized capital of the private joint-stock company is UAH 1 million 15.76 thousand.

The beneficiaries of the company are Oksana Kolyada and Alina Vovk. The major shareholders remain Dilsontra Trading LTD (24.61%), Integrale Investments LTD (23.84%), Oksana Kolyada (31.5%), and Valery Kolyada (8.86%).

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