Business news from Ukraine

Business news from Ukraine

Apple increases investment in business development in China

Apple Inc. intends to continue increasing investment in business development in China and further strengthening cooperation with the aim of achieving mutually beneficial development, said the company’s chief executive Tim Cook at a meeting with China’s Minister of Industry and Information Technology Li Lichen.

The minister noted that China’s massive domestic market and comprehensive industrial system have enormous potential in terms of investment and consumption, according to Xinhua News Agency.

“We hope that Apple will continue to develop the Chinese market, actively participate in China’s reindustrialization, and work with Chinese companies to promote innovative development across the entire production chain,” Li Lichen said.

He added that China is committed to a policy of openness to the outside world, intends to promote the application of intelligent technologies in industrialization and the intelligent transformation of industry, and will contribute to the creation of a favorable business environment for enterprises with foreign capital participation, including Apple.

, , ,

Full cycle of remote bond trading: OTP Bank UA app allows to sell and buy domestic government bonds online

The ability to sell domestic government bonds (OVDPs), as well as the ability to buy them, is now available to customers of JSC OTP BANK in the OTP Bank UA application.

Thus, the Bank has implemented a full cycle of online management and remote trading of bonds – from opening securities accounts to buying, receiving interest and selling them.

In order to sell government bonds from your bond portfolio, you need to go to the “Accumulation” menu item in the application, select ‘Bonds’, click “Sell bonds” and select the securities and the amount you want to put up for sale.

“We have made the purchase and use of government bonds as easy, convenient and profitable as possible for our clients. A few clicks and the bonds are in your portfolio. If you decide to sell them, it is also easy to do it through the app, without visiting the Bank’s branches. This is how we open up new investment opportunities,” said Valeria Ovcharuk, product owner of OTP Bank.

In total, since the launch of the service for the sale of government bonds in the application, individual customers have purchased government bonds for a total amount of almost UAH 21 billion in equivalent.

It is worth reminding that government bonds can be purchased in the OTP Bank UA app directly at auctions of the Ministry of Finance or from the Bank’s portfolio. The second option allows you to choose the optimal bond rate and maturity, currency of the government bonds and interest accrual at any time of the day and on any day, regardless of the date of the auctions.

To learn more about investing in domestic government bonds through the OTP Bank UA app, please follow the link.

 

,

Ukrainian Red Cross has issued nearly UAH 50 mln in microgrants to Ukrainians to help them rebuild their small businesses

Nearly 480 household owners have received microgrants from the Ukrainian Red Cross (URC) to develop or rebuild their own businesses.

“The Ukrainian Red Cross continues to support people who are striving to rebuild their lives and secure a stable income. As part of the “Reboot: Expanding Employment Opportunities” program, 478 household owners have already received UAH 47.8 million in microgrants to implement their own business plans,” the Communications and Marketing Department of the National Committee of the Red Cross Society of Ukraine reported on Wednesday.

The program participants were people who suffered from the war, in particular due to the loss of their jobs, homes, or businesses.

The selection of participants took place in two stages. The first wave of the competition ended in July this year and covered eight regions and the city of Kyiv. The second wave was held in Vinnytsia, Ivano-Frankivsk, Kirovohrad, Lviv, Mykolaiv, Poltava, Ternopil, Cherkasy, and Khmelnytskyi regions, as well as in Kyiv.

The supported businesses operate in various fields, including: repair services and workshops; the beauty industry – hairdressing, cosmetology, and manicure services; public catering – cafes, bakeries; manufacturing and trade – plumbing, construction, and children’s goods; educational services, children’s rooms; animal husbandry, beekeeping, and plant growing.

The UCC’s “Reboot” program is implemented with the support of the Spanish, Danish, and Swiss Red Cross.

The program has been in operation since 2024 and aims to support micro-entrepreneurship among internally displaced persons, veterans, their family members, and representatives of other vulnerable population groups.

Source: https://interfax.com.ua/

, ,

State Forestry Agency of Ukraine expects increase in harvesting in 2026

The State Forestry Agency, together with relevant ministries, is preparing measures to increase timber harvesting in 2026 and transition to new management methods in 2027, the agency’s head Viktor Smal told the Interfax-Ukraine news agency.

“With reasonable deregulation, revision of standards, and expansion of the use of self-forested areas, we will be able to increase stable harvesting while remaining within the limits of annual growth,” he concluded.

The State Forestry Agency of Ukraine is the central executive body that coordinates the management, protection, restoration, and rational use of the country’s forest resources. The agency oversees more than 70 state-owned enterprises, including the State Enterprise “Forests of Ukraine,” as well as scientific, environmental, and inventory institutions.

,

Odeskabel increased its net income by third

In April-June of this year, the large Ukrainian cable plant Odeskabel received net sales revenue of UAH 737.4 million, which is 33.5% more than in the second quarter of last year.

According to the company’s interim report, during this period, it produced 2,279 tons of copper cable and wire products worth UAH 722.8 million, compared to 1,700 tons worth UAH 578.2 million in the second quarter of last year.

Average selling prices for cable products for the reporting period of 2025, as in 2024, ranged from UAH 600,000 to UAH 1.5 million/km, depending on the brand size.
In April-June 2025, products worth UAH 134.5 million (18.2% of sales) were exported, while in the second quarter of last year, products worth UAH 139.5 million (25.3%) were exported.

As in the previous year, the plant used 70-80% of its equipment during the reporting period.
The report does not contain data on financial results (profit or loss) for the second quarter of both 2025 and 2024.

Odeskabel lists the following issues affecting its operations: high interest rates on bank loans, lack of state orders for domestic manufacturers’ products, refusal of foreign partners to cooperate with Ukraine in the context of the war, and complications in crossing the border for business trips.

According to the company’s interim report for the first quarter of this year, it increased its net sales revenue by 70.2% compared to the same period in 2024, to UAH 738 million, with exports accounting for 22% of sales (UAH 159.7 million), compared to 23.6% (UAH 98.4 million) in the first quarter of 2024.

PJSC “Odeskabel” produces a wide range of communication, radio frequency, digital, and LAN cables, with the most extensive range on the Eastern European market. It also produces power and heating cables, wires, and cords.

In Ukraine, the company’s products are used by telecommunications operators and energy networks, among others.
At the end of the first half of the year, the plant employed more than 800 people.

,

Ukrposhta to purchase Modern Expo parcel terminals worth UAH 20.8 mln through Prozorro

The national postal operator Ukrposhta has announced the launch of its own network of parcel terminals manufactured by the Ukrainian company Modern Expo, according to the company’s CEO Ihor Smelyansky.

The Prozorro electronic procurement system indicates that the cost of the tender announced on September 16 was UAH 20.79 million. The sole participant, a Ukrainian-Polish joint venture in the form of Modern Expo LLC, was selected as the supplier, and the contract was signed on October 13.

“Today, Ukrposhta can announce the signing of an agreement for the supply of its own post office boxes — importantly, Ukrainian-made — with the market leader, Modern Expo,” Smelyansky wrote on Telegram on Tuesday.

The company’s CEO specified that the first 100 parcel terminals are planned to be installed before the New Year: 70 in Kyiv and 30 in Odesa.

According to him, access to parcels is possible both through the app and through a PIN code on a keyboard with metal buttons. The parcel locker will allow users to both receive parcels and send letters.

According to the agreement, two types of parcel terminals will be supplied: standard and extended autonomy, designed to operate in autonomous mode and with enhanced security standards. The cost of batteries for extended autonomy parcel terminals is four times higher than for standard ones, and charging devices are three times more expensive.

The Prozorro system also states that since the beginning of 2024, Ukrposhta has made several similar purchases of self-service postal terminals (postal terminals) with installation. The cost of those tenders was lower than the agreement with Modern Expo, but the contracts concluded with other winners were subsequently terminated due to their failure to fulfill their obligations.

, ,