Business news from Ukraine

Business news from Ukraine

Tax revenues from Metinvest’s mining and processing plants amounted to UAH 5.2 bln in 2025

The Central, Ingulets, and Northern mining and processing plants (M&P plants) of the Metinvest mining and metallurgical group, transformed into the United Mining and Processing Plant, paid UAH 5.2 billion in taxes in 2025, which is 8.8% less than in 2024 (UAH 5.7 billion).

According to the company’s press release on Thursday, the main source of budget revenue in 2025 was subsoil use fees, which amounted to UAH 2.4 billion.
A significant portion of the United Mining and Processing Plant’s contributions came from a single social contribution, which amounted to almost UAH 756 million. Personal income tax amounted to UAH 646 million for the year. Environmental tax and land fees also contributed to the state and local treasuries.

“We continue to be a pillar of Ukraine’s economy despite all the challenges facing the mining industry. Today, Metinvest’s mining and processing plants remain among the largest taxpayers. These funds help to strengthen the country’s defense capabilities and support the social sector, which is extremely important during armed aggression. We are changing our approaches, learning to work in extremely difficult conditions, and consistently investing all our efforts in a peaceful future for Ukraine,” said Igor Tonev, CEO of OGZK.

As reported, the group’s mining companies increased their tax payments 2.6 times to UAH 5.7 billion in 2024.
Earlier, Metinvest CFO Yulia Dankova, explaining the group’s financial performance, noted that the dynamics were not positive mainly due to the shutdown of production facilities, in particular in Pokrovsk. The Ingulets Mining and Processing Plant is also idle.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the United States.

The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

, ,

Financial monitoring: transforming regulatory responsibility into  strategic business function

Financial monitoring is transforming from a formal regulatory obligation into a full-fledged business function, and manual AML processes create operational and reputational risks for companies, while automation allows embedding risk management into the digital business architecture, according to Oksana Gubina, CEO of AML.point.

According to her assessment, the growth in transaction volumes, increasing complexity of financial products and strengthening regulatory requirements increase the risks of using fragmented systems and so-called “Excel-AML”, increasing dependence on the human factor and the likelihood of errors.

Gubina notes that automation in AML should not mean speeding up individual checks, but rather integrating financial monitoring into core systems and building a unified customer profile that allows a shift to proactive, data-driven risk management.

She also pointed to a shift from a product-centric to a client-centric approach in AML, as risk is linked to the profile and behavior of a client who may be using multiple products at the same time.

According to the author, customer-centric financial monitoring is scheduled to be discussed in more detail on February 18, 2026 at IFC Bankir’s Banking Forum: DIGITAL TRENDS 2026 conference, where she will be a speaker.

https://interfax.com.ua/news/blog/1142350.html

 

, , ,

UkrTara-Volanpak to hold shareholders’ meeting on February 23

According to Fixygen, PJSC UkrTara-Volanpak plans to hold its annual general meeting of shareholders on February 23, 2026, in a remote format—by means of a poll, according to the company’s disclosure in the information disclosure system.

The date for compiling the list of shareholders eligible to participate in the meeting is set for February 18, 2026. Voting by ballot is scheduled from 9:00 a.m. on February 13 to 6:00 p.m. on February 23.

The agenda includes, in particular, consideration of the reports of the management board and supervisory board for 2021-2025, approval of the results of financial and economic activities, and distribution of profits. The draft decisions provide for the allocation of profits for 2021, 2022, 2024, and 2025 to cover losses from previous periods, and the loss for 2023 to be covered by profits from subsequent periods.

Shareholders are also invited to decide on the payment of dividends from retained earnings and to approve their amount in the sum of UAH 19.569 million, to be paid directly to shareholders. Separate items include the approval of the auditor and the review of the conclusions of the audit reports for the 2024 and 2025 financial years.

PrJSC “UkrTara-Volanpak” (EGRPOU code 04634535) was registered on February 15, 1994. Its main activity is the production of paper products for household and sanitary-hygienic purposes (KVED 17.22). According to OpenDataBot, the company’s revenue for 2024 amounted to UAH 11.541 million, with a net profit of UAH 618,400; the owners listed in the register include shareholders, with Yuriy Shmagliy listed as the founder and major shareholder.

Source: https://www.fixygen.ua/news/20260205/ukrtara-volanpak-provede-zbori-aktsioneriv-23-lyutogo.html

,

Greece tightens control over Airbnb and Booking, checks to start in March

The Greek tax authority AADE is tightening control over short-term rentals through Airbnb, Booking.com, and Vrbo: owners and managers of properties must verify and finalize their 2025 income data in the short-term accommodation registry by February 28, 2026, including the distribution of income among beneficiaries, amounts, and the correctness of the property registration number (AMA).

According to AADE, 2.2 million initial declarations were submitted for 2025, and the total declared income amounted to EUR 870 million (+16% y/y). At the same time, tax authorities warn that if the data is not confirmed and corrected on time, it is possible that tax will be levied on 100% of the income specified in previous declarations, even if part of the amounts was not actually received (for example, due to cancellation of reservations).

From the beginning of March 2026, AADE will launch cross-checks based on data provided directly by the platforms. If unregistered properties or properties without AMA in the listings are found, sanctions will be imposed: fines ranging from EUR 5,000 to EUR 20,000, as well as removal of listings from platforms until the violations are rectified.

Against the backdrop of the segment’s growth, the authorities are tightening requirements for correct registration and compliance with the rules for maintaining a presence in the register.

, , , ,

Sweden allocates over $110 mln to Ukraine for energy support

On Thursday, the Swedish government decided to immediately allocate 1 billion Swedish kronor (over $110 million) to Ukraine for energy support in 2026, according to the SVT television portal.

“Swedish aid will be immediately directed to power plants, heaters, and spare parts needed to restore Ukraine’s energy supply,” said Minister for Development and Foreign Trade Benjamin Dows.

It is noted that next week, temperatures are expected to drop to minus 25 degrees in cities such as Kyiv and Kharkiv.

,

Serbia plans to start mass production of humanoid robots

According to Serbian Economist, Chinese manufacturer of humanoid robots Agibot plans to start mass production in Serbia in 2026 or 2027, the company’s European director William Shi said after a presentation in Belgrade.

The project will be realized together with a strategic partner, Minth Holdings (a Hong Kong-listed auto component manufacturer). In the first phase, 1,000-2,000 humanoid robots are planned to be produced in Serbia.

Shi noted that robot production includes “hardware” and ‘software’ and the company will need a local contractor in Serbia to create AI data and train models, which effectively means forming a separate segment of the “data industry” around the project.

Agibot was founded in 2023 in Shanghai; its line of humanoid robots includes the Yuanzheng, Lingxi and Genies series. Minth has been present in Serbia since 2018, has facilities in Loznica and Šabac, and provides 3,500 jobs.

https://t.me/relocationrs/2220

 

, ,