Business news from Ukraine

Business news from Ukraine

Vostochny GOK holds tender for MTPL insurance policies

On January 20, SE “Eastern Mining and Processing Combine” (“Vostochny GOK”, Zheltiye Vody) announced a tender for services of compulsory insurance of civil liability of owners of land transport (MTPL).

According to the message in the e-procurement system Prozorro, the expected cost of purchasing services is 602.095 thousand UAH.

The deadline for submission of bids is January 28.

The winner of a similar tender in January last year was IC “VUSO”.

“Vostochny GOK” – the only in Ukraine and the largest in Europe enterprise for mining and processing of uranium ore.

 

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Sumy Machine Building Scientific and Production Association to hold shareholders’ meeting on February 13

Sumy Machine Building Scientific and Production Association (Sumy NPO) will hold an extraordinary general meeting of shareholders on February 13, 2026, in a remote format (by poll), according to a company announcement.

According to the document, voting on the agenda items will begin on February 3 at 11:00 a.m. and end on February 13 at 6:00 p.m., and the list of shareholders eligible to participate in the meeting will be compiled as of February 10, 2026.

The draft agenda includes the termination of the powers of the company’s CEO, the election of an acting CEO on a part-time basis, the approval of the terms of the contract and the appointment of an authorized person to sign it, as well as the granting of powers for state registration of changes in the company’s information.

The materials for the meeting indicate that the draft decision proposes to terminate the powers of CEO Volodymyr Zabitsky on March 4, 2026, and to elect Volodymyr Skrypchenko as acting CEO from March 5, 2026.

The decision to hold a remote extraordinary meeting was made by the State Property Fund of Ukraine as a shareholder, and the voting ballot is posted on the SPFU website.

Sumy NPO JSC (EDRPOU code 05747991) is registered in Sumy, its main activity is the manufacture of other pumps and compressors, and its authorized capital is UAH 710.85 million.

The company is known as a manufacturer of a wide range of engineering products, including compressors, gas pumping units, centrifuges, pumps, and pipeline fittings.

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Kostiantyn Shevchuk: future of timber market in Ukraine depends on adoption of systemic law

The Ukrainian timber market has undergone a rapid transformation in recent years, from manual management and informal arrangements to transparent and competitive rules of the game. At the same time, further development of the industry is impossible without comprehensive legislative solutions, including the adoption of the Law on Timber Market.

This was stated by Kostiantyn Shevchuk, Deputy CEO of the Ukrainian Energy Exchange, commenting on the current state and challenges of the industry in his blog for Ekonomichna Pravda.

According to him, the introduction of wood trading in 2021 was a turning point for the market. The transition to selling the resource through licensed commodity exchanges laid the foundation for open competition, transparent pricing, and equal access conditions for business. At the same time, the processes were digitized: electronic trading, integration with state registries, and reduction of the human factor significantly reduced the risks of abuse.

Even a full-scale war did not stop these processes. In 2022-2024, the exchange infrastructure became more mature: tools for monitoring contract execution, price analytics, forward transactions, and bank guarantees were introduced. Today, timber exchange trading in Ukraine is a comprehensive system that is close to European standards.

At the same time, the market is operating in the face of an objective reduction in harvesting. Mined areas, staff shortages, logistical and energy problems directly affect the availability of the resource. According to the expert, the increase in competition and prices is a result of limited supply, not a violation of market mechanisms.

The industry pays special attention to the issue of raw wood exports and preparations for the implementation of the European EUDR regulation, which sets new requirements for traceability of wood origin. Ukraine has already begun systematic adaptation to these changes at the level of the state, business and exchange infrastructure, which is critical to maintaining its export potential.

The key next step for the market, according to the Ukrainian Energy Exchange, should be the adoption of the Law on the Timber Market. The document is intended to establish uniform rules of the game, increase predictability for business, protect national producers and integrate the industry into the European economic space.

The market has already proven its ability to change even in the most difficult conditions. Now these changes should be enshrined in law to ensure sustainable development of the industry, jobs and added value for the country’s economy, – summarized Kostiantyn Shevchuk.

 

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Sinevo laboratory performed 3.7 mln free tests in 2025

In 2025, as part of the medical guarantee program (MGP), the Sinevo laboratory performed 3.7 million tests, the total cost of which exceeded UAH 900 million at laboratory prices, and received UAH 162 million from the National Health Service of Ukraine (NSZU) for them.

“The difference of more than UAH 700 million was financed by Sinevo at its own expense and became the company’s contribution to the scaling of the MGP,” the laboratory explained.

According to its press release, the total number of tests performed last year under this program increased by 25% compared to 2024. More than 500,000 Ukrainians took tests under the PMG at Sinevo last year, which is half more than in 2024.

“Among the factors contributing to the increase in cooperation are the demand for Sinevo’s services under the PMG among the population, as well as the expansion of the network of branches where free tests are provided by the National Health Service,” the laboratory specified.

It noted that, in particular, during the fourth quarter of 2025, residents of cities in the Dnipropetrovsk, Zaporizhzhia, Poltava, Sumy, and Kharkiv regions had the opportunity to take tests free of charge under the PMG.

In total, Sinevo provided tests under the PMG in more than 200 branches in 35 cities of Ukraine.

Sinevo specified that the company is currently preparing for new contracting.

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Metinvest mastered production of 11 new types of products during war

In 2025, the metallurgical enterprises of the Metinvest mining and metallurgical group began production of 11 new types of products, including a joint venture, the Zaporizhstal plant, which mastered the production of three new products.

According to the group’s press release on Tuesday, having operated under conditions of full-scale Russian invasion for almost four years, Metinvest remains the country’s economic and industrial backbone. Overall, during more than a decade of Russia’s war against Ukraine, the group has managed to establish the production of 433 new products.

Last year, the company mastered new positions in the segments of semi-finished products and rolled products (four each), hot-rolled coils and sheets (two), and cold-rolled coils and sheets (one). The lion’s share of new products was produced by the Kametstal and Zaporizhstal plants. One product was mastered by the group’s Bulgarian rolling mill, Promet Steel.

It is specified that Kametstal has established the production of four types of continuously cast billets measuring 335×400 mm from various steel grades used for the manufacture of pipe products.

Zaporizhstal has mastered two types of hot-rolled coils: a new coil size in the S235JR grade (1.8×1045 mm) and products made of S235JRC steel, which is suitable for cold forming by bending and profiling. Both products are manufactured in accordance with European standard EN 10025-2 and are used in the construction and machine-building industries for the production of steel structures, pipes, and closed profiles for structural purposes.

The company has also mastered the production of cold-rolled coils made of S280GD steel, the chemical composition and mechanical properties of which comply with the European standard EN 10346. These products are intended for further processing, profiling, and the application of protective coatings. These coils are used to produce lightweight thin-walled steel structures for construction, load-bearing and decorative elements of facade systems, etc.

The Kametstal plant has also established the production of reinforcing steel for the Polish and Romanian markets. B500SP reinforcement complies with the Polish construction standard and is used to strengthen concrete. B500C reinforcing steel for Romania, which has a similar strength level, is characterized by increased plasticity, which allows it to be used in more complex and earthquake-resistant structures.

In addition, Kametstal has mastered the production of 100 mm diameter grinding balls of the fifth hardness group according to the Ukrainian standard DSTU 8538. They are used in the mining and metallurgical industry for grinding ore, concentrates, or intermediate products in drum-type ball mills.

Last year, the Promet Steel plant began producing reinforcing bars in accordance with the MKS 1021:2019 standard for the North Macedonian market. The product is designed for reinforcing concrete structures and is used in construction. It has a corrugated surface for reliable adhesion to concrete and is suitable for welding, ensuring the strength and safety of reinforced concrete structures.

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.

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