Business news from Ukraine

Business news from Ukraine

European Union may provide Ukraine with grant to modernize border crossing point with Romania

The European Union may provide Ukraine with a grant to modernize the Shepit-Izvoarele Sucevei border crossing point on the border with Romania as part of the Interreg VI-A NEXT Romania-Ukraine 2021-2027 program, according to the press service of the Recovery Agency. According to the report, the program’s governing body has approved the selection of the BOND – Border Operations and National Development project. The project has been recommended for funding and may receive a grant of up to €690,900, which is 90% of the total project budget.

The Recovery Agency noted that BOND is the next stage of comprehensive work on opening the Shepit-Izvoarele Sucevei border crossing point, provided for by an intergovernmental agreement between Ukraine and Romania. Earlier, as part of the Romania-Ukraine 2014-2020 program, mirror infrastructure projects were implemented on both sides of the border – bridges and access roads were built, and flood protection measures were carried out on a 2 km section on the Ukrainian side and a 3 km section on the Romanian side.

As specified, the BOND project provides for the technical equipment of the checkpoint on both sides of the border, in particular the purchase and installation of specialized equipment for the safe and efficient operation of the checkpoint, as well as the development of a joint cross-border strategy for the development of border areas.

The Interreg NEXT “Romania-Ukraine” program for the period 2021-2027 is aimed at supporting cross-border cooperation and covers the border counties of Romania and the Zakarpattia, Ivano-Frankivsk, Chernivtsi, and Odesa regions of Ukraine.

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Oschadbank offers energy loans at 0% per annum for uninterrupted business operations

Entrepreneurs can obtain a preferential loan at 0% per annum through Oschadbank under the state program “Affordable Loans 5-7-9%” for the purchase and connection of energy equipment. The program is aimed at supporting small and medium-sized businesses for which a stable power supply is critical.

Energy loans are provided for the purchase and connection of:

  • cogeneration plants (gas turbine, gas piston, biogas);
  • diesel, gasoline, and gas generators.

The instrument was introduced as an additional mechanism to increase the energy resilience of businesses and reduce the risks of downtime and loss of income during periods of peak loads on the power system.

Program terms:

  • 0% per annum — the state, through the Entrepreneurship Development Fund, compensates the bank for the difference between the market rate and the zero rate;
  • up to UAH 10 million — maximum loan amount;
  • up to 3 years — financing term;

Financing is available to sole proprietors and legal entities (micro, small, and medium-sized businesses) that meet the program criteria. For sole proprietors with an income of up to UAH 50 million, no collateral is required (only a guarantor).

“Energy efficiency today is a matter of business survival. As a strategic partner of the state, Oschadbank gives priority to supporting entrepreneurs by providing quick and convenient access to financing to preserve companies and jobs,” said Natalia Butkova-Vitvitskaya, member of the Oschadbank Board.

Since the launch of the “Affordable Loans 5-7-9%” program, Oschadbank has concluded more than 20,000 loan agreements worth over UAH 55 billion, supporting the operational stability of Ukrainian businesses in the context of the war.

Detailed advice on opening an account and participating in the program is available at any Oschadbank branch or by calling the contact center at 0 800 219 800.

Additional information about the program is available at energycredit.bdf.gov.ua.

Ukraine sets new record for monthly electricity imports

Electricity imports to Ukraine in January 2026 increased by 40% compared to December 2025 and amounted to 894.5 thousand MWh, according to the DIXI Group analytical center, citing data from Energy Map.

“This is the highest monthly figure since the launch of the new electricity market in July 2019,” the center said.

There were no electricity exports in January.

For comparison: in January 2025, electricity imports amounted to 183.1 thousand MWh, while exports amounted to 84.7 thousand MWh, according to statistics from DIXI Group.

In January, Hungary accounted for the largest share of imports – 45%, or 402.0 thousand MWh. Romania accounted for 21% of the resources provided to Ukraine (185.9 thousand MWh), Slovakia – 18% (159.8 thousand MWh), Poland – 15% (135.2 thousand MWh), and Moldova – 1% (11.6 thousand MWh).

The growth in imports from European countries ranged from 18% to 62%, with the exception of Moldova, from which supplies decreased by 18%.

According to DIXI Group analysts, in January 2026, the maximum capacity of inter-state crossings for electricity imports from the European Union to the joint Ukraine-Moldova regulation block increased to 2.45 thousand MW, which is a record since Ukraine joined the ENTSO-E network. At the same time, part of this capacity is used to import electricity to Moldova, so Ukraine has access to about 2.1 thousand MW of commercial imports. At the same time, the amount of permitted import capacity for each of the countries in the block is dynamic and may change depending on the operational situation in the countries’ power systems.

On average, during January, the use of available transmission capacity was 57.3% of the accepted nominal value (2.1 GW). The maximum level of utilization was recorded on January 24 between 16:00 and 17:00, at 104%, while the minimum was recorded on January 9 during the same time interval (19.9%).

“Thus, Ukraine ended January 2026 as a net importer of electricity, which was the fourth consecutive month that the country remained in this status and reflects the critical role of imports in maintaining the stability of the power system in the face of massive attacks and high seasonal consumption,” DIXI Group emphasized.

Analysts at the center recalled that during January, Ukraine’s energy system operated under increased load, and on January 16, a state of emergency was declared in the country’s energy sector. In January, Russia used more than 6,000 strike drones, about 5,500 guided aerial bombs, and 158 missiles of various types against Ukraine’s energy system and critical infrastructure. In total, Russia carried out six massive strikes during the month, damaging power generation facilities as well as electricity transmission and distribution networks. The attacks took place against the backdrop of significantly worsening weather conditions and lower air temperatures, which further increased the load on the system.

One of the factors contributing to the increase in electricity imports was the rise in price caps in the short-term market segments.

As reported, the National Commission for State Regulation of Energy and Public Utilities (NKREKP) at an extraordinary meeting on January 16, set the maximum price limit for electricity on the day-ahead market (DAM) and intraday market (IDM) at UAH 15,000/MWh for the entire day for the period from January 18 to March 31, 2026.

The NEURC made this decision after statements by First Deputy Prime Minister and Minister of Energy of Ukraine Denys Shmyhal regarding the government’s expectations from the regulator to review the maximum prices for electricity on the spot market and to equalize the day and night price caps in order to attract electricity imports throughout the day.

After the adoption of this decision, the BASE electricity price index for the Ukrainian DAM reached a record high of 13,232.96 UAH/MWh at the auction on January 22, which is 1.8 times higher than the average value of this indicator for the 20 days of January – 7,307.04 UAH/MWh.

According to ENTSOE data, in January 2026, Ukraine ranked first in terms of the average daily BASE price index on the DAM 14 times (January 2-4, 10-11, 16-17, 19, 21, 23-25, 27-28), compared to 26 European countries.

At the end of 2025, Ukraine ranked second among 27 European countries in terms of the BASE index on the DAM, which amounted to 5,292.62 UAH/MWh, calculated according to Central European Time (CET).

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Leader of Servant of People party estimated cost of holding elections in Ukraine at UAH 6 bln

The leader of the Servant of the People party, First Deputy Speaker of the Verkhovna Rada Oleksandr Kornienko, estimates the cost of holding elections in Ukraine at UAH 6 billion.

“There are no complicated calculations here, since 90% of these costs are the salaries of commission members. Since the last elections, the 2019 parliamentary elections, the minimum wage and average salary have increased by several thousand hryvnia, and some indicators have doubled. Therefore, if elections previously cost UAH 2.5-3 billion, then simply multiplying that figure by two, the current cost would be UAH 6 billion,” Kornienko said in an interview with the Azerbaijani news agency Report.

He also noted a number of issues related to compensation for commission members abroad. “How can this be implemented? If, for example, we follow our regulations, some of these people will be there, and some may be on business trips. These are all additional expenses. So, these issues remain unresolved,” said the first deputy speaker.

According to Kornienko, partner countries “understand that they will finance these elections.”

“We are negotiating with them,” he said.

At the same time, the party leader said that he would not like to discuss the issue of election participants, since “there are more pressing problems in the country right now, such as the energy crisis.”

“Unfortunately, the aggressor country has deprived us of both democracy and the opportunity to hold elections on time… Let’s see how events unfold, including political ones. Now we need to do everything we can to at least be able to hold these elections,” Kornienko concluded.

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Nestlé in Ukraine to increase investment in new factory to EUR70 mln

In 2025, Nestlé fully implemented its investment plan in Ukraine in the amount of UAH 9.5 billion and intends to increase capital investments in its new production site in Smoligov (Volyn region) to EUR70 million by the end of 2027, said Alessandro Zanelli, CEO of Nestlé in Ukraine and Southeast Europe, in a column for NV.

“At the beginning of the year, I announced that we planned to invest about UAH 9.5 billion in Ukraine, and we have fulfilled this forecast. In 2025, we achieved approximately double growth,” he wrote.

Zanelli named the launch of a new factory in Smoligov in April 2025 as a key industrial project of previous years. The initial investment in the facility amounted to EUR 43 million, but the company plans to expand its capacity. By the end of 2027, the total investment in this site is expected to reach EUR 70 million. The factory’s design capacity will allow it to produce 40,000 tons of vermicelli per year, which will be exported to Europe, the US, and Mexico.

Zanelli specified that production in Smoligov is highly automated, which allows for twice as few staff, but requires more highly skilled workers. To this end, the company has opened its own production academy.

In addition to industrial and commercial investments, Nestlé has allocated nearly $18 million to the Ukraine, WeCare program, which focuses on the safety, physical, and mental health of employees (excluding the cost of setting up shelters). The company also invests around EUR10 million annually in modernizing and improving the quality of its existing production facilities.

The CEO of Nestlé in Ukraine also announced that he will be moving to the position of head of the company’s Eastern European division in 2026 and leaving the Ukrainian office.

Nestlé began operations in Ukraine in 1994 with the opening of a representative office. In 1998, it acquired a controlling stake in ZAO Lviv Confectionery Factory Svitloch, and since 2018, it has owned 100% of the company’s shares. In May 2003, Nestlé Ukraine LLC was founded in Kyiv, and at the end of the same year, Nestlé became the owner of 100% of the shares of Volynholding.

In 2010, Nestlé SA acquired Technocom LLC in Kharkiv, a manufacturer of instant products under the Mivina trademark. In 2012, Nestlé Business Service (NBS Europe) was established in Lviv, which is one of seven Nestlé service centers in the world and provides support services to Nestlé divisions in more than 40 countries around the world.

Nestlé’s business in Ukraine is represented by the following areas: coffee and beverages, confectionery, culinary products (cold sauces, seasonings, soups, instant foods), baby and special nutrition, ready-made breakfasts, and pet food.

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Commission of competition “New Ukraine. Security Treaty” has formed rules and schedule for evaluating works

The Interfax-Ukraine press center hosted the first working meeting of the organizing committee of the nationwide competition, which aims to select talented young people to prepare a draft security agreement for Ukraine. This was announced by Oleksiy Shevchuk, spokesperson for the National Association of Advocates of Ukraine (NAAU), who also heads the Center for Economic Research at the Vadym Hetman Kyiv National Economic University (KNEU).

According to the lawyer, the competition was initiated by the UNAA and KNEU, and a preliminary presentation of the initiative was held several months ago.

“If a decision is made to present the results to NATO, we consider this appropriate, as this format will ensure adequate publicity for the work. The possibility of presenting the results to the Office of the President of Ukraine is also being considered; I have had working communication on this issue with Ms. Iryna Mudra, who is awaiting the results of the competition. I do not rule out that she may join the final meeting of the competition commission. The relevant institutions have been informed, and expectations regarding the competition have been confirmed,” Shevchuk emphasized.

He stressed that the competition is intended to be annual, as the topics of security and international order are changing, and the main task of the current season is to identify talented young people in Ukraine who are capable of formulating the legal conditions of a future security agreement for the state.

“We have come to the conclusion that today even experienced diplomats cannot determine the list of conditions that should be spelled out for our country,” Shevchuk added.

The commission’s work was joined by, in particular, Ukrainian MP and former head of the Security Service of Ukraine Valentin Nalyvaichenko, head of the Diplomatic Academy Ihor Ostash, and international relations scholar Volodymyr Nakonechny.

The meeting participants agreed on the leadership of the competition commission: Lyudmila Kozhura, director of the KNEU Law Institute, was elected chair, with Ihor Ostash and Valentin Nalyvaichenko as deputies. The role of commission secretary was discussed separately, with Eva Hoffman and Volodymyr Nakonechny among the candidates proposed.

During the discussion, human rights activist and founder of the Project Sunflowers Foundation Eva Gofmanska noted that she would prefer to remain a member of the committee, supporting the initiative “in a spirit of respect and solidarity,” and to give the key role in substantive work to Ukrainian experts who know the language and legal system from the inside.

“Thank you for inviting me to join the competition committee. I greatly appreciate the trust and openness that this invitation demonstrates. At the same time, I consider it necessary to clearly define the nature of my participation: I do not speak Ukrainian and I realize that this limits my ability to fully work with the legal, cultural, and social context on which the competition is focused. That is why my participation in the committee is mainly representative and symbolic in nature, aimed at supporting the initiative. In my opinion, the key substantive role should belong to Ukrainian experts,” said Hofmanska.

The chair of the commission, Lyudmila Kozhura, reported that as of the day of the meeting, 26 contestants from nine law schools in Ukraine had registered for the competition. The largest number of participants—eight each—represent Taras Shevchenko National University of Kyiv and Yaroslav Mudryi National Law University, and three more are registered from KNEU. In terms of level of education, third-year students predominate.

“I think it is important to note that the involvement of young lawyers in discussing issues of state security is evidence of their responsibility and professional readiness to work on the future of Ukraine. I congratulate the participants, colleagues, and partners and thank them for their presence and support of this initiative. Participation in the competition is already a sign of professional maturity, a responsible attitude, and confidence in the effectiveness of legal mechanisms. I am counting on meaningful, practical, and well-prepared proposals,” Kozhura said.

According to the rules, entries will be accepted until March 1, after which they will be published and checked for academic integrity, including plagiarism. It is expected that after evaluation by the commission, the winners will be determined by mid-March. The meeting also discussed the selection of entries, taking into account the risks of using artificial intelligence and borrowing. The organizers announced that the competition will award three prizes and a separate special cash prize from the organizer.

A separate part of the discussion concerned the future presentation of the best works. Shevchuk said that among the possible venues being considered are the NATO representative office, the Office of the President, and communication with the education sector. In addition, the possibility of supporting participants in further international programs was mentioned.

People’s Deputy and public figure Valentin Nalyvaichenko, for his part, expressed his readiness to facilitate public presentations of the works and support the winners.

I confirm my readiness to provide organizational and communication support for the initiative, both in terms of content and format of its further presentation. I consider it appropriate to provide the winners and participants with the opportunity to publicly present their work, in particular in parliament, in relevant committees, and at the Hennadiy Udovenko Diplomatic Academy of Ukraine under the Ministry of Foreign Affairs. We can organize an appropriate platform for the presentation of works and professional self-presentation of authors. I also confirm my readiness to provide recommendations and facilitate further support for the winners in their interaction with European and NATO partners,” he stressed, adding that he is ready to provide recommendations to European and NATO partners.

Igor Ostash, Head of the Hennadiy Udovenko Diplomatic Academy of Ukraine under the Ministry of Foreign Affairs, in turn, stressed the importance of choosing a very prestigious platform for publishing the results and further presentation.

In addition, the discussion also included proposals to prepare a special issue of a specialized publication with the winners’ works in several languages and to organize a series of presentations at Ukrainian universities and international venues.

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