Business news from Ukraine

Business news from Ukraine

Corteva Agriscience increased net sales in Ukraine by more than 10%

In January-June 2025, Corteva Agriscience, an international agricultural science and technology company, increased its net sales in Ukraine by more than 10% compared to the first half of last year and became the leader in terms of absolute sales volumes among countries in Central and Eastern Europe, the company’s press service reported.

“These results are the result of the coordinated work of the Ukrainian team, which continues to provide farmers with modern solutions adapted to today’s challenges. At the same time, they demonstrate that Ukrainian farmers, despite the difficult conditions of war, are actively investing in productive and innovative technologies to develop their production,” the company emphasized.

Corteva Agriscience specified that in January-June 2025, net revenues from the sale of Pioneer® brand corn and sunflower seeds increased by more than 13% compared to the same period in 2024. The plant protection segment also recorded an increase in sales revenues of more than 5%.

“Ukrainian farmers continue to impress the world with their resilience and determination. Despite climate challenges, instability, and difficult conditions, they do not stop — they plan, sow, and work. At Corteva, we are honored to be there for them during these difficult times and are proud that Ukrainian farmers are increasingly choosing our innovative and effective solutions that support their efforts and help ensure food security for the country and the world,” said Alexander Dmitriev, head of Corteva Agriscience in Ukraine.

Corteva Agriscience is a global agricultural company. It offers comprehensive solutions to maximize crop yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in its portfolio. Its representative office in Ukraine includes a central office in Kyiv, a research and development center in the village of Lyubartsi (Kyiv region), and a seed production complex in the village of Stasi (Poltava region).

In April 2022, the company decided to leave the Russian market due to the full-scale war unleashed by the Russian Federation against Ukraine.

Since 2022, Corteva has allocated more than $2 million to help those affected, donated thousands of seed units to farmers working near the front line, launched a soil testing program to ensure safe crop cultivation despite war-related contamination, and provided 350 rural women with training and grants through the TalentA program.

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Luxembourg will be most expensive country in Europe to buy new apartment in 2025

Consulting firm Deloitte has published the 14th edition of its Property Index 2025 report on European housing markets. The study covers 28 countries. Deloitte

The most expensive country to buy a new apartment in 2025 is Luxembourg (€8,760/m² on average); Tel Aviv leads among cities at €13,970/m². Prices rose fastest over the year in Krakow (+28.1%), Jerusalem (+25.2%), as well as Tirana and Vlora (both +25.0%).

Ukraine was not included in this study.

Ukrnafta’s net profit for first half of 2025 amounted to UAH 5.2 bln

In the first half of 2025, Ukrnafta JSC earned a net profit of UAH 5.2 billion.
The results of the company’s operations are included in the condensed consolidated interim financial statements of NJSC Naftogaz of Ukraine for the six months ended June 30, 2025. The review of these statements is conducted by KPMG. As part of the audit, KPMG Audit performed procedures to review the financial information of Ukrnafta.

During the same period, Ukrnafta paid UAH 14.8 billion in taxes, duties and customs payments to the state budget and transferred UAH 5 billion in dividends.

Since the company was taken over by the state in 2022, a total of UAH 68.1 billion of taxes, duties and customs payments and UAH 15.3 billion of dividends have been paid.

“Despite the challenging security situation and all the related difficulties, Ukrnafta continues to work effectively for the energy sustainability of our country. I am grateful for the support and constructive decisions of our shareholders – Naftogaz of Ukraine and the Ministry of Defense of Ukraine, the Supervisory Board, the Government and our partners. Special thanks to the entire team of more than 20,000 employees for their diligent and efficient daily work,” said Yuriy Tkachuk, Acting Chairman of the Executive Board of Ukrnafta.

 

Vodafone Ukraine increases Eurobond buyback volume to $5.12 mln

Ukraine’s second-largest mobile operator, VF Ukraine (Vodafone Ukraine, VFU), which has bought back nearly $7 million worth of its own Eurobonds since the end of May as a result of three offers in connection with dividend payments, has announced an increase in the repurchase amount in the fourth such tender by $1.17 million to $5.12 million.

In a statement to the Irish Stock Exchange, the company noted that this is due to the company’s fifth monthly dividend payment of UAH 48.47 million, or about EUR 1 million.

Earlier, at the end of August, Vodafone Ukraine increased the redemption price from 85% to 90% of the nominal value and extended the deadline for accepting applications from August 28 to September 11, with settlements now planned for approximately September 18.

The first two times, Vodafone Ukraine redeemed bonds for an amount equivalent to EUR 1 million. The debut redemption was announced at a price of 99% of the nominal value, the second at 90% of the nominal value. The company did not announce the results of the second buyback on the stock exchange, while the scaling factor for the first buyback was 0.0040355668.

According to the results of the third tender, where the redemption price was reduced to 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received bids for $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. After the cancellation of the redeemed bonds, the total nominal value of the bonds remaining in circulation is $292.532 million.

The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to UAH 1 million. The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.

As reported, VFU reduced its net profit by 13% in the first half of 2025 compared to the same period last year, to UAH 1.705 billion, while its revenue grew by 15%, to UAH 13.518 billion.

 

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Least affordable European capitals for buying apartment Amsterdam and Athens

Consulting firm Deloitte has published the 14th edition of its Property Index 2025 report on European housing markets. The study covers 28 countries and notes how markets are adapting to high rates amid weak supply: affordability in a number of capitals remains at multi-year lows, and demand is shifting to rentals. Deloitte

The least affordable capitals are Amsterdam (15.4 annual salaries for a “typical” 70 m² apartment), Athens (15.3), and Prague (15.0); Košice ranks fourth (14.2). At the opposite end of the spectrum are Odense (Denmark) and Turin (Italy), where the average purchase price is 4.9 times the annual income, as well as Manchester (UK) — 5.3.

Ukraine was not included in this study.

Deloitte notes that against the backdrop of a “bottleneck” with new projects and continuing demand, the rental segment is strengthening (rent increases are noticeable not only in capital cities but also in regional centers). At the same time, high rents and regulatory lags in permits continue to put pressure on property affordability, especially in large agglomerations.

Deloitte Property Index 2025 — a comparative study of European housing markets: prices for new buildings, affordability (in years of gross salary for a 70 m² apartment), rental dynamics, and mortgage rates. Key findings and figures are available on the Deloitte Property Index 2025 report page.

 

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Tile invested €10 mln in oil refinery in Lviv region

Tail LLC (Lviv region), one of the leaders in the production of metal roofing and corrugated sheets, has invested €10 million in the construction of an oil refinery, according to Maksym Kozytskyi, head of the Lviv Regional Military Administration (OVA).

“This facility represents investments that remain in Ukraine and strengthen our economy. For Lviv region, this means new jobs, taxes paid to the local budget, and a contribution to the development of the region’s economy,” he wrote on Telegram after visiting the enterprise together with Prime Minister Yulia Svyrydenko.

The head of government clarified that the owners of the enterprise, Yuriy Shkvark and Andriy Tsymbalyak, decided to diversify and try their hand at agricultural processing during the war.

“All the equipment at the plant is Ukrainian: TAN refining and PET Pet Technologies line from Chernihiv, TEFF boiler room from Odesa, Nadiya bottling line from Cherkasy, AKIM containers and filling unit from Dnipro, Lubnimash silos from Lubny. From Ukrainian entrepreneurs like them, who ensure our economic stability with their energy, labor, inventions, and investments,” Svyrydenko wrote on Telegram.

She added that Lviv entrepreneurs are currently building another plant in Kremenchuk.

Tail LLC was founded in 2009 in the Lviv region. It specializes in the production of steel roofing materials for exterior decoration of houses, facade work, and industrial complexes. The company’s product range includes more than 15 types of products, which are manufactured on 25 production lines.

According to data from Opendatabot, in 2024, Tile LLC increased its revenue by 19.6% to UAH 820.51 million, reduced its net profit by 1.9 times to UAH 10.16 million, increased its debt obligations by 1.6 times, to UAH 427.76 million, assets by 1.4 times, to UAH 550.51 million, and the number of employees by 19, to 204.

The beneficiaries of the enterprise are Andriy Tsymbalyak and Yuriy Shkvark.

 

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