Business news from Ukraine

Business news from Ukraine

NovaPay has placed its 14th bond issue worth UAH 200 mln

The international financial service NovaPay (TM NovaPay), part of the Nova Group, has fully placed its 14th bond issue—Series “N”—issued by its subsidiary NovaPay Credit, with a face value of UAH 200 million.

According to the company, the bonds were issued in the traditional denomination of UAH 1,000 each, with a coupon rate of 18% per annum payable at maturity, and will be used in repo transactions, which serve as an alternative to deposits.
The financial service plans to allocate the funds raised from the placement of Series “N” to the development of credit products.

“Series N is a continuation of the course we have consistently followed since 2023. We were the first in the industry to offer Ukrainians public corporate bonds during a full-scale war, and this past May we fully redeemed the second such issue,” said Yana Levada, acting Deputy CEO for Retail Business at NovaPay, as quoted in the press release.
The website of the National Securities and Stock Market Commission (NSSMC) reports that the bond placement report was approved on May 22, 2026.

On the same day, the Commission registered NovaPay’s 15th bond issue—Series “O”—with a total nominal value of UAH 200 million, which will be carried out through a public offering.
The company noted that as of early 2026, more than 7,900 clients had become holders of NovaPay bonds, with the total portfolio exceeding UAH 4 billion.

In February, NovaPay announced the full placement of Series “M” bonds with a nominal value of UAH 200 million.
In total, between 2023 and 2025, NovaPay carried out 13 bond issues with a total nominal value of UAH 1.39 billion. Securities from all series, except for three, are used for the repo program as an alternative to bank deposits; they are available for purchase in the NovaPay mobile app, and interest payments on them are scheduled to be made once upon redemption. Interest payments on bonds for institutional investors are made quarterly. They also come with an annual offer, and the nominal yield rate for the first year of circulation is 18% per annum. Series “K” is the third for institutional investors, but the first such series, “A,” worth UAH 100 million, was redeemed this year.

NovaPay was founded in 2001 as an international financial service, part of the Nova Group (“Nova Poshta”), and provides financial services both online and offline at “Nova Poshta” branches. In 2023, the company became the first non-bank financial institution in Ukraine to receive an expanded license from the NBU, which allowed it to open accounts and issue cards, and at the end of last year, it became the first non-bank to launch its own financial app offering a wide range of financial services.

In 2025, NovaPay increased its revenue by 10.4% to UAH 10.01 billion, while its net profit decreased by 22% to UAH 2.58 billion.
In the first quarter of 2026, the company increased the volume of transfers by 53% compared to the same period in 2025—to over UAH 200 billion—while the number of transactions grew by 12%—to 126 million.

According to the National Bank of Ukraine, the company accounts for approximately 22.7% of the total volume of domestic money transfers.

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Vchasno Group has increased its stake in the “Medix Opika” service to 73.5%

Vchasno Group, a group of Ukrainian IT companies, has signed an agreement to increase its stake in the home healthcare service “Medix Opika” (Medix Opika LLC and Medix Management Company), with which it began collaborating in 2025, to 73.5%, according to a company announcement on LinkedIn on Tuesday.

“Interest in ‘Medix Opika’ was driven by the service’s operational model, its potential for scaling, and the significant role of digital tools in the company’s operations,” Vchasno Group co-founder and CEO Mykola Palienko is quoted as saying in the release.

According to the announcement, by the end of 2026, the company plans to expand the medical service’s presence in communities and regional centers, develop specialized areas of medical care, and increase the volume of services for veterans with severe injuries.

According to information on the Vchasno Group’s official website, over the past year, “Medix Opika” has expanded its operations eightfold. Specifically, the company currently serves more than 8,000 patients, provides services in 19 regions of Ukraine, and employs over 350 doctors of various specializations who form multidisciplinary teams in the regions where the service operates.

It is noted that the medical care service operates under contracts with the National Health Service of Ukraine (NHSU) and provides medical services in a home care setting. The service’s activities include stabilizing patients’ conditions, providing medical care at home, and training family members on how to respond to emergencies.

Vchasno Group is a group of Ukrainian IT companies that creates digital solutions for businesses and the government; Mykola Palienko is the group’s co-owner and CEO. The company’s projects include the “Vchasno” service and the Zakupivli.Pro platform for government and commercial procurement.

The “Vchasno” service is designed for companies and individuals and allows users to sign, exchange, and store electronic documents. The ecosystem includes the services “Vchasno.KEP,” “Vchasno.EDI,” “Vchasno.Zvit,” “Vchasno.Kasa,” “Vchasno.TTN,” and “Vchasno. Kadry.”

According to data from YouControl, in 2025, Medix Management Company LLC (Khmelnytskyi) increased its revenue 4.4-fold—to UAH 127.94 million—while its net profit grew 11.3-fold—to UAH 15.38 million.

In addition to Zakupivli. Pro,“ which owns 73.75%, the co-owners of ”Medix Opika” also include Director Volodymyr Buzhan—5%, Oleksandr Rusin—15%, Dmytro Matsiuk and Serhiy Moskalchuk—2.5% each, as well as Oleksii Marunchak—1.25%, while the beneficiaries listed are Palienko – 41.25% and Rusin – 33.75%.

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European Commission proposes new sanctions against Russia in areas of finance and cryptocurrencies

The European Commission proposes new sanctions against Russia in the areas of finance and cryptocurrencies: for the first time, a complete ban on crypto-asset services in third countries is being proposed, and new banks have been added to the list.

European Commission President Ursula von der Leyen announced this on Tuesday in Brussels while unveiling the 21st package of sanctions against Russia.

“My second point concerns financial and cryptocurrency restrictions. We are expanding our banking transactions to include 31 Russian banks and up to 20 crypto firms or platforms and oil traders in third countries that have served Russian organizations and individuals subject to sanctions or circumvented our measures,” she said.

It is also proposed to impose a complete ban on crypto-asset services in third countries. “This will be a powerful deterrent for hosting platforms in countries that help Russia circumvent our sanctions,” von der Leyen emphasized.

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“Guardian Angel” Charitable Foundation donated WAW WATER water treatment system to “Kyiv Sport” Children’s and Youth Sports School

The “Angel-Guardian” Charitable Foundation has donated a modern WAW WATER water treatment plant to the “Kyiv Sport” Children’s and Youth Sports School, which will provide the school’s students with drinking water, announced Vilen Fatalov, chairman of the foundation’s supervisory board.

According to him, this is already the third water treatment plant donated to children’s and social institutions as part of the foundation’s program.

The plant was provided by Boris Vykhovants Research Center LLC, the manufacturer of WAW WATER water treatment systems.

The handover ceremony was attended by the chairman of the supervisory board of the “Angel-Guardian” Charitable Foundation Vilen Fatalov, the foundation’s ambassador, actor and TV host Yevgen Koshovyi, the head of the Svyatoshynskyi District State Administration in Kyiv, Heorhii Zantaria, the foundation’s director Leonid Dembitskyi, and the founder of the Research Center, Boris Vykhovanets.

“Caring for children’s health is an investment in the future of our country. We are convinced that creating safe and comfortable conditions for learning, sports, and youth development should be one of society’s priorities. That is why the foundation consistently supports projects aimed at improving the quality of life for children,” noted Fatalov.

Foundation ambassador Yevgen Koshovyi emphasized the importance of supporting the younger generation.

“Our children are the future of Ukraine. They will study, work, rebuild the country, and bring it glory through their achievements. That is why it is extremely important today to create the best conditions for their development and healthy lives,” he said.

Georgiy Zantaria, Head of the Svyatoshyn District State Administration, highlighted the significance of such initiatives for the development of children’s sports.

“The development of youth sports is inextricably linked to the formation of a healthy nation. Every step aimed at improving conditions for training and the daily lives of young athletes is a contribution to Ukraine’s future success and the strengthening of our citizens’ health,” Zantaria noted.

According to Boris Vykhovants, the WAW WATER system is a compact water treatment station with a multi-stage system for purifying, enriching, and structuring water. The unit involves ten sequential stages of filtration and purification to remove mechanical, organic, and other impurities from the water.

The manufacturer notes that the system was developed and is manufactured in Ukraine based on years of research into the properties of water. According to the company, the technology also reduces the content of radionuclides and radioactive isotopes in water.

The foundation noted that previously, with the assistance of the “Angel-Guardian” Charitable Foundation, similar water treatment stations were donated to the Teteriv Psychoneurological Boarding School and the Novoboriv Children’s Boarding School.

The “Angel-Guardian” Charitable Foundation implements humanitarian and social initiatives aimed at supporting children, social institutions, and vulnerable segments of the population, engaging businesses, the public, and government agencies in cooperation.

The foundation also expressed its gratitude to volunteers Dmytro Bezpaly and Oleg Titov for their long-standing cooperation and support.

The “Angel-Guardian” Charitable Foundation is a charitable organization that implements social and humanitarian projects in Ukraine. The foundation’s main areas of activity include helping children, supporting social institutions, and improving conditions for education, development, rehabilitation, and daily life for vulnerable groups.

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New EU steel import restrictions will destroy Ukraine’s steel industry – Metinvest CEO

New EU restrictions on steel imports, set to take effect on July 1 of this year, could destroy Ukraine’s mining and metallurgical complex (MMC) and deal a significant blow to the budget of a country defending itself against Russia, Metinvest Group CEO Yuriy Ryzhenkov said in an interview with The Guardian.

According to him, the EU’s new quota system could “kill Ukraine’s steel industry.”

He noted that the EU introduced protectionist measures due to a prolonged global steel surplus caused by China. The EU has halved the quotas for steel that can enter the bloc tariff-free and doubled the tariff to a prohibitive 50% on all imports exceeding the limit allocated to each country. This EU decision has caused concern among trading partners trying to secure a sufficiently large share of the quota for their own steel industries, particularly in the UK, where the industry has warned of an “existential threat” if it does not receive sufficient access to its largest export market.

For Ukraine, the economic threat from its military ally is exacerbated by the war, which has cut off some of its previous alternative markets and pushed the country’s steel companies toward closer integration with Europe. They have also faced additional costs due to constant attacks on infrastructure since the start of full-scale war in February 2022.

“In our view, this is an unfair approach. Ukraine does not pose a significant threat to the EU steel industry—supplies are small. At the same time, destroying one of the country’s functioning industries does not seem reasonable; we see no leniency toward Ukraine,” the CEO stated.

Furthermore, the quotas will also hinder military efforts by depriving the government of tax revenues equivalent to hundreds of millions of pounds. Metinvest is one of the largest taxpayers in the country’s private sector. Furthermore, the quotas will be imposed on duties as part of the implementation of the CBAM (Carbon Border Adjustment Mechanism).

Ryzhenkov noted that due to the war, Metinvest was unable to invest billions of euros in the construction of “green” electric arc furnaces at the Zaporizhstal and Kametstal plants, although the company had planned to do so even before the full-scale Russian invasion.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its facilities are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European Union countries, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

 

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Ukraine reduced rolled steel production by 6.7% in January–May

Ukrainian steelmakers reduced total rolled steel production by 6.7% in January–May of this year compared to the same period last year, down to 2.340 million tons.

According to data from the Ukrmetallurgprom association, 537,800 tons of rolled steel were produced in May, 460,800 tons in April, 544,500 tons in March, in February—390,300 tons, and in January—406,400 tons.

As reported, Ukraine’s steel companies increased total rolled steel production by 4.8% in 2025 compared to 2024—to 6.521 million tons.

In 2024, Ukraine increased its production of general rolled steel by 15.8% compared to 2023—to 6.222 million tons from 5.372 million tons. In 2023, total rolled steel production rose by 0.4% to 5.372 million tons, while in 2022 it fell by 72% to 5.350 million tons.

In 2021, before the war, 19.079 million tons of rolled steel were produced, or 103.5% of the 2020 level.

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