Business news from Ukraine

Business news from Ukraine

MK Group plans to invest between EUR1 billion and EUR2 billion in Serbia over five years

According to Serbian Economist, MK Group plans a new investment cycle worth between EUR1 billion and EUR2 billion in 2026-2030, said the group’s CEO Mihailo Jankovic, speaking at the Kopaonik Business Forum. According to him, about EUR 1 billion is expected to be allocated to renewable energy projects, more than EUR 200 million to agriculture, and the rest to the development of the hotel portfolio and premium tourism in the region.

Thus, the publication of the program for approximately EUR 1.6 billion in energy, agriculture, and tourism is generally in line with the group’s previously announced targets. The MK Group’s official website still states that the total volume of the previously announced investment cycle is EUR 1.6 billion, including EUR 900 million for green energy, EUR 350 million for agriculture, and EUR 380 million for tourism, while the latest March announcement extends the program’s horizon to 2030 and sets the range at EUR 1-2 billion.

Jankovic linked the new round of investments to the need to strengthen domestic investment amid a weakening of external capital. He noted that in 2022-2024, the average net inflow of foreign direct investment into Serbia was around EUR 4.5 billion per year, while in the first 11 months of 2025, it fell to EUR 1.94 billion. In his opinion, in such conditions, it is large national companies that should become one of the drivers of further growth.

MK Group also emphasizes that it already has a strong position in the energy segment. The company calls itself the largest independent electricity producer in Serbia: its portfolio includes four operating wind farms with a total capacity of 200 MW, which generate about 500 GWh of electricity annually, and in the next stage, the group intends to continue investing in wind, solar, and biomass projects.

MK Group was founded in 1983 by Miodrag Kostic. After he stepped down from active management, strategic leadership was transferred to his son, Aleksandar Kostic, who is now the group’s president. The business focuses on the agri-food sector, green energy, tourism, and real estate. The group’s structure includes, in particular, the agricultural companies PIK Bečej, Flora, Agrounija, and Erdevik, the sugar division Sunoko, and the meat division Carnex.

After purchasing sugar factories in 2002, Sunoko became the largest sugar producer in the wider region, while Carnex, acquired by the group in 2011, exports meat products to 15 countries. Sunoko, in turn, has announced plans to increase sugar exports to the EU and regional markets.

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House of Europe has launched grant competition for Ukrainian projects in Europe

The House of Europe program has announced an open grant competition, Culture Helps Solidarity, for cultural initiatives that help Ukrainians integrate into European communities and support the reintegration of veterans through culture.

The amount of support is up to €20,000 for a project with one partner and up to €30,000 for a project with two or more partners. Grant funds can cover fees, travel, production, marketing, rent, and operational activities.

Non-profit cultural organizations officially registered in Ukraine and participating countries with experience working with displaced persons or veterans are eligible to participate. In addition to the EU, the list of eligible jurisdictions for partners includes Iceland, Norway, Liechtenstein, and a number of countries in the region, including Serbia, which expands opportunities for Ukrainian organizations to cooperate with partners outside the EU.

Applications will be accepted until March 31, 2026 (2:00 p.m. Kyiv time), and the results of the competition are expected to be announced by the end of May. A total of 15 projects are expected to receive funding, with a deadline for implementation of May 31, 2027. Applications must be submitted online in English. There is no application fee for the competition.

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Ukrtransnafta JSC has selected VUSO Insurance Company for compulsory motor third-party liability insurance worth UAH 1.1 million

On March 10, Ukrtransnafta JSC announced its intention to conclude a contract with VUSO Insurance Company for compulsory civil liability insurance for owners of land vehicles (CMTPL).

According to the Prozorro electronic public procurement system, the company’s price offer was UAH 1.106 million against the expected cost of UAH 1.255 million.

The tender was also attended by insurance companies Kraina with an offer of UAH 1 more, Arsenal Insurance – UAH 1.191 million.

 

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Express Insurance paid out over UAH 50 mln in insurance claims in February

Express Insurance paid out UAH 50.3 million in insurance claims in February 2026, which is 53.6% more than in the same period in 2025, according to the company’s website.

Under CASCO agreements, customers were compensated UAH 39.3 million, which is 50.9% more than in the same period last year. The amount of payments under MTPL insurance amounted to UAH 10.3 million (+66.8% compared to February 2025). Under other types of insurance, customers were compensated UAH 657.4 thousand, which is 34% more than last year.

Express Insurance LLC was founded in 2008 with the participation of the leader of the Ukrainian automotive market, Ukravto Group. The company specializes in auto insurance. It is represented in more than 60 points of sale throughout Ukraine and is actively expanding its network of partner service stations.

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Spring season of book festivals and fairs begins in Ukraine

The spring season of book festivals, fairs, and literary events is beginning in Ukraine. These events will take place in March and May in Kyiv, Lviv, Ivano-Frankivsk, Dnipro, Ternopil, Poltava, Vinnytsia, Zhytomyr, and other cities, according to the Ukrainian Book Institute on its Facebook page.

“The spring season of book festivals has already begun. We are sharing the dates of events from all over Ukraine so that you can plan your trips and meetings with books and authors,” the organizers said.

According to the published calendar, the National Poetry Reading Week will be held online in March (March 16-22), in Dnipro on March 21, the event “In the Rhythm of Dnipro” will take place, in Ternopil on March 21-22, a festival will be held at the Podolyany shopping center, and in Ivano-Frankivsk from March 31 to April 4, PEN Ukraine will hold a festival-workshop “Propisy.”

In April, the Book Country festival is planned in Kyiv (April 23-26), and Shoduarivska Altanka in Zhytomyr (April 25-26). The event Book Spring in Khmelnytskyi has also been announced.

In May, the festival “Slovo” (May 7-10) will be held in Ivano-Frankivsk, the Children’s Forum: Children’s Reading Festival (May 11-17) in Lviv, Biography Week (May 11-17) in Kyiv, in Poltava – the book exhibition and fair “POSHUK” (May 22-23), in Volodymyr – the festival ‘Krymiada’ (May 23-25), and in Kyiv – “Book Arsenal” (May 28-31).

In addition, the spring calendar also includes VinBookFest in Vinnytsia and the All-Ukrainian Forum of Military Writers in Lviv.

As reported, Ukrainian writer Myroslav Laiuk’s book “Bakhmut” was shortlisted for the Ryszard Kapuściński International Award.

 

Art exhibition dedicated to Ivan Marchuk’s 90th birthday will open on March 13

The anniversary exhibition “I Shook This World,” dedicated to the 90th birthday of the outstanding Ukrainian artist Ivan Marchuk, will open on March 13 at the Museum of the History of the City of Kyiv, according to the museum’s press service.

“I Shook This World” is both the artist’s confession and a testament to the scale of his work, as Marchuk’s works are presented on all continents, even in Antarctica,” the organizers said.

The exhibition will be spread across all exhibition floors of the museum and will feature nearly 250 works by the artist. Each floor will have its own name and concept, allowing visitors to trace the artist’s creative path — from his early explorations to his iconic cycles and philosophical generalizations.

A special place in the exhibition will be given to works from Ivan Marchuk’s personal collection, including early paintings, portraits, student works, sketches, and ceramic panels, most of which have not been publicly exhibited before.

The exhibition will also reveal the artist’s work through the prism of historical eras – from the Soviet period, when his bright personality was perceived as a challenge to the system, to the time of Ukraine’s independence and the present day.

It is noted that works for the exhibition were provided by 11 museums in Ukraine and more than 30 private collectors, which made it possible to form a large-scale retrospective exhibition of the artist’s works from different periods.

The general partners of the exhibition are Oschadbank and Visa, and the partners are SvitOutdoor, InBlummen, and Big Wine. The project was implemented with the support of art historian Tamara Strypko and scientific consultant Yuriy Kukharchuk.

The exhibition can be visited at the Museum and Exhibition Center of the Museum of the History of Kyiv (7 Bohdan Khmelnytsky Street) from Wednesday to Sunday from 12:00 to 19:00. The ticket office is open until 6:30 p.m. Tickets cost 320 UAH, with concessions available for 160 UAH.

As reported, the Kyiv police are investigating possible fraud involving paintings by Ivan Marchuk.

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