Business news from Ukraine

Business news from Ukraine

European farmers demand cancellation of Ukraine’s 10% export duty on soybeans

European farmers’ organizations have appealed to the European Commission to seek the cancellation of Ukraine’s 10% export duty on soybeans and rapeseed, according to industry media reports.

The appeal was sent by the Spanish agricultural association ASAJA and the European association of farmers’ organizations Copa-Cogeca. In their opinion, the introduction of export duties on Ukrainian oilseeds could lead to a redistribution of raw material flows and negatively affect the EU market.

Farmers’ associations believe that the current restrictions may stimulate the processing of raw materials within Ukraine and reduce the volume of oilseed supplies to the European market. In this regard, they call on the European Commission to hold consultations with the Ukrainian side and seek the cancellation of the relevant measures.

As reported, a 10% export duty on soybeans and rapeseed has been in effect in Ukraine since September 2025, which is to be gradually reduced over several years.

At the same time, representatives of the European agricultural sector believe that such measures could change the balance in the EU oilseed market and affect the region’s processing industry.

 

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Kyivstar’s Director of Digital Products is leaving  company

Mykhailo Nestor is stepping down as Director of Digital Products at Kyivstar, Ukraine’s largest mobile operator, after seven years with the company.
“I am happy that I was able to build a product company from scratch with a wonderful team according to the highest standards within a huge (in my opinion, the best in Ukraine) corporation,” Nestor wrote on Facebook.
According to him, he is also leaving his position as Chief Product Officer at the IT company Kyivstar.Tech.
“I did much more than I planned, but, of course, less than I would have liked — there are always more ideas,” Nestor emphasized.
In a comment to DOU, he said that he plans to move into the deftech sphere, but it is not yet known which company he will join.
Nestor’s personal Facebook page notes that from April 2018 to May 2019, he held the position of Product Management at the DreamTeam esports platform, and then in March 2022, he became a co-founder of the KOLO charitable foundation.

 

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Serbia to launch large-scale production of military drones — Vučić

According to Serbian Economist, Serbian President Aleksandar Vučić has announced that the country will soon open its first large military drone factory in cooperation with a foreign partner. According to him, serial production in the republic should begin by the end of April. The announcement was made during the presentation of the national development strategy “Serbia 2030.”

Vucic noted that in the current international environment, “might makes right,” and stressed that Serbia must not remain weak. He linked the development of defense production to the task of maintaining peace and stability, stating that strengthening the army and police is necessary precisely as a deterrent. According to the president, Serbia allocates more than 2.5% of its GDP to the army and police.

The president specified that smaller drones had previously been assembled and developed in Serbia, both in the army and in the private sector. In particular, he mentioned the Komarac 1 and Komarac 2 models. The existence of such systems is confirmed by materials from the Serbian Ministry of Defense, which mention the use of Komarac 1 and Komarac 2 drones, with the latter designed, among other things, to destroy more heavily defended targets.

At the same time, Vucic described the new project as significantly larger and more technologically advanced, calling it a product of “the highest global standard.” Neither the name of the foreign partner, nor the investment parameters, nor the estimated production volumes have been officially disclosed at this time.

https://t.me/relocationrs/2393

 

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Tomorrow and day after tomorrow in Kyiv up to +15

No precipitation is expected in Ukraine on Monday and Tuesday, March 9 and 10, with a significant warming, according to the Ukrainian Hydrometeorological Center.

On March 9, variable winds of 3-8 m/s are expected.

At night, there will be icy conditions in some parts of the northeast of the country.

The temperature at night will range from 1°C to -4°C; during the day, it will be 9-14°C, up to 17°C in the western regions, and 6-11°C in the northeast and east of the country.

In Kyiv, on March 9, the temperature at night will be around 0°C, and during the day 11-13°C.

According to data from the Boris Sreznevsky Central Geophysical Observatory, the highest temperature in Kyiv on March 9 was 20°C in 2025, and the lowest was -20°C in 1915.

On Tuesday, March 10, the wind in Ukraine is expected to be southwesterly, 5-10 m/s.

The temperature at night will range from 3°C to 2°C below zero, during the day 11-16°C, in the far west up to 18°C.

In Kyiv on March 10, the temperature at night will be 1-3°C, and during the day 13-15°C.

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Khorol Mechanical Plant will allocate UAH 20.2 mln from its UAH 86 mln profit to dividends

Agricultural equipment manufacturer Khorol Mechanical Plant (KMP, Khorol, Poltava region) plans to allocate nearly UAH 20.2 million, or 23.5% of its net profit of UAH 85.85 million for the past year, to dividend payments for 2025.

According to the draft decisions of the general meeting of shareholders, the announcement of which was published on April 17 in the disclosure system of the National Securities and Stock Market Commission (NSSMC), dividends are planned to be paid directly to shareholders at a rate of UAH 1.72 per share.

The remaining net profit in the amount of UAH 65.65 million is proposed to be directed to the development of production, replenishment of working capital, and resolution of social issues.

According to the plant’s financial report, it received UAH 110.8 million in net profit in 2024, meaning that in 2025, this figure decreased by 22.5%. Net income in 2024 amounted to UAH 405.3 million.

According to its information, from May 9 to October 18, 2025, the shipyard paid shareholders dividends for 2024 in the amount of UAH 13.15 million (almost 12% of profit) at a rate of UAH 1.12 per share, and allocated the rest of the profit to development.

According to the NSSMC data for the fourth quarter of 2025, the company’s shareholders who own more than 5% of the authorized capital are the chairman of the board, Mykhailo Mishchenko (23.98% of shares), and Mykola Melnyk (almost 5.25%).

KHMZ specializes in the manufacture of equipment for grain storage and cleaning; production of mixed fodder, cereals, flour, oil, and sowing materials; aspiration systems; mechanical grain transportation; production of fuel pellets, briquettes, etc.

As reported, in November 2025, the company began the process of localizing production in Turkey, choosing Izvik Makina Muhendislik as its main partner.

The stages of localization include large-scale assembly, equipping products with electric motors and gear motors from Turkish manufacturers, and the phased organization of the production of components and parts in Turkey, in particular on the principles of outsourcing (by mutual agreement).

According to YouControl, in 2025, KhMZ reduced its net sales revenue by 28.3% compared to 2024, to UAH 290.6 million.

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UACB forecasts 22% increase in barley exports to 2.8 mln tons

Barley exports from Ukraine in the 2025/2026 marketing year (MY, July-June) are forecast at 2.8 million tons, which is 22% higher than the previous season, according to the Ukrainian Agribusiness Club (UACB) on Facebook.

The association’s analysts noted that barley production has remained relatively stable during the years of war, although it has declined significantly compared to the pre-war period. In 2025/26 MY, Ukraine harvested 5.3 million tons of this crop, which is 0.4% more than in the previous marketing year, but 19.7% less than the average for the last five years.

Among the key trends of the season, experts highlighted the largest reduction in barley acreage among all grains due to the temporary occupation of territories and low export potential. The area under cultivation was 1.4 million hectares, which is 0.9% less than in the previous marketing year and 26.4% below the five-year average. At the same time, barley was the only grain crop to show an increase in yield to 3.9 tons/ha, which was 8.4% higher than the average for the last five years.

Experts emphasized that increased production and high carryover stocks allowed for increased shipments to foreign markets after a decline in the 2024/2025 season. At the same time, Ukraine continues to experience a prolonged decline in domestic barley consumption, which is estimated at 2.8 million tons in the current marketing year. Of this volume, 1.9 million tons are used for feed, and 0.2 million tons are used for food.

“Despite the largest reduction in acreage among all grains, barley managed to maintain production volumes thanks to increased yields. The decline in domestic consumption and the availability of carryover stocks will allow Ukraine to increase exports in the 2025/2026 marketing year, meeting the demand of countries in Asia, Africa, and the Middle East,” the UACB concluded.

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