Business news from Ukraine

Business news from Ukraine

From April 1, Greece will tighten control over residential and commercial property rentals

In Greece, from April 1, 2026, residential and commercial property rentals will only be payable by bank transfer to the landlord’s account. The measure is enshrined in amendments that postpone the launch date of mandatory cashless payments for rent to April 2026 and tighten controls on the declaration of rental income.

According to explanations provided by the Greek media and the regulations they refer to, payments must be made to an IBAN registered to the owner and declared to the AADE tax service. Payments to third-party accounts (relatives, lawyers, trustees, management companies) will not be recognized for tax purposes, and in the case of joint ownership, each co-owner will be required to provide their IBAN for the correct distribution of income.

Failure to comply with the rules will result in financial consequences for all parties to the transaction. Owners lose the standard 5% tax deduction on rental income; tenants lose their entitlement to housing benefits, including annual rent compensation of up to €800; businesses will not be able to count rent as an expense if they pay outside the banking system (as an example, there is a risk of losing €8,400 in deductible expenses per year when renting €700 per month).

The authorities link the innovation to the task of matching declared rental income with bank transactions and reducing the share of “gray” payments in the rental market, with AADE having to set up data collection from payment service providers to monitor compliance with the regime.

, , ,

Ukraine’s titanium ore exports plummeted in 2025

In 2025, Ukraine sharply reduced its exports of titanium-containing ores and concentrates: according to the State Customs Service, shipments fell by 96.2% in physical terms, to 277 tons, and revenues fell by 95.7%, to $496,000.

The most significant change was in geography: Uzbekistan became the key buyer in terms of value with a share of 35.61% (approximately $176,600), followed closely by Turkey with 35.01% (approximately $173,600), followed by Egypt with 29.38% (approximately $145,700). For comparison, in 2024, Turkey remained the main market, while Uzbekistan’s share was not highlighted as key in public statistics.

Imports of titanium-containing ore to Ukraine in 2025 were small — 78 tons worth $118,000, almost entirely from China (about $116,000) and a small portion from Kazakhstan (about $2,000).

In parallel with its position in titanium, Ukraine maintained exports of a group of critical ores and concentrates — niobium, tantalum, vanadium, and zirconium: in 2025, 2,466 tons worth $3.954 million were exported. The main markets were Spain (48.90%, about $1.93 million), Germany (24.53%, about $0.97 million), and Italy (17.19%, about $0.68 million). At the same time, imports of this group to Ukraine amounted to 469 tons worth $1.194 million, with Spain dominating (72.86%).

A special feature of the statistics is the factor of confidentiality and export control. A number of specialized publications and the customs service itself have previously indicated that some transactions involving titanium raw materials may be reflected in more aggregated categories due to restrictions on military and dual-use goods, so public data under code 2614 does not always coincide with industry estimates.

At the beginning of 2026, the trend continued: in January, according to the data provided by the State Customs Service, Ukraine did not export or import titanium-containing ore and concentrate, nor did it export niobium, tantalum, vanadium, and zirconium ores (while there were small imports of this group).

, ,

Starlink can now be verified at Nova Poshta and Ukrposhta

Individuals will now be able to verify Starlink at branches of Ukraine’s leading express delivery service Nova Poshta, part of the NOVA group, as well as the national postal operator Ukrposhta, according to a statement from the Ministry of Digital Transformation on Tuesday.

“We are launching a new stage of registration for terminals in Ukraine. Individuals can now verify Starlink not only at the Administrative Services Center, but also at the nearest Nova Poshta or Ukrposhta branches,” the Ministry of Digital Transformation wrote on its Telegram channel.

According to a release from Nova Poshta, individuals will be able to register up to three devices per person at its branches. If you have one Starlink, you can verify it remotely.

“If you have more than one device, you need to have them with you when you visit the branch,” the company added.

Ukrposhta also reported that in order to register several terminals, you must have them with you when registering at the branch.

In addition, it is noted that to register a terminal, you must provide the operator with your passport (ID card or foreign passport), RNOKPP (identification code), KIT number (serial number of the kit), UTID (unique terminal identifier) and/or Dish ID (antenna/terminal identifier), account number on the Starlink terminal portal, as well as a link to the portal where you can check this number.

As explained by Nova Poshta, a separate document is created for each Starlink terminal. Once completed, the data is automatically transferred to the Ministry of Digital Transformation.

In turn, Ukrposhta reported that after submitting an application through its branch or the Administrative Services Center and its registration, the terminal will automatically resume operation within 72 hours.

“An SMS message will be sent to confirm the successful acceptance of the application,” the company added.

At the end of January, Defense Minister Mykhailo Fedorov announced that the ministry’s team, after contacting SpaceX, had proposed ways to solve the problem with Starlink satellite communication terminals.

The first reaction was to limit the speed at which Starlink operates in Ukraine.

However, as a long-term solution, the Cabinet of Ministers adopted a resolution on the introduction of a “white list” for Starlink, thanks to which only verified and registered terminals will operate in Ukraine, while others will be disconnected.

On February 4, Fedorov appealed to the commanders of the Defense Forces at all levels to organize the verification of Starlink terminals. To do this, all Starlink terminal numbers must be transferred to the “white list” through the DELTA system.

According to him, the Starlink verification process is actively underway in Ukraine, with citizens already adding terminals to the “white list” to ensure their operation.

As of the end of summer 2025, according to the Ministry of Digital Transformation of Ukraine, approximately 50,000 Starlink terminals have been delivered since the start of the war thanks to the support of international partners. In addition to Poland, Germany is also paying for their operation. In addition, Starlink terminals are being imported and used in Ukraine by other users who pay for them themselves. The total number of Starlink terminals in Ukraine at that time was estimated at approximately 100,000.

, ,

Dmytro Barinov elected president of Ukrainian Ports Association “Ukrport”

Dmytro Barinov, who until recently held the position of deputy head of the State Enterprise “Administration of Seaports of Ukraine” (ASPU), has been elected president of the Ukrainian Ports Association “Ukrport.”

“I believe that Ukrport should become a modern, professional, and influential association—a service for its members, a consolidated voice of the industry, and a reliable partner of the state and the international port community,” Barinov wrote on Facebook.

He stressed that the maritime and port industry is currently undergoing a difficult transformation due to the war, blockade, and work in conditions of constant shelling and energy restrictions. Therefore, Ukraine’s experience in operating maritime corridors is unique for the international community.

Among his priorities in his new position, Barinov named changing the port management model, strengthening the role of private business, addressing security challenges, and expanding international cooperation.

Barinov has over 30 years of experience in the maritime industry. From September 2021 to February 2025, he served as deputy head of the USPA for cooperation with government agencies. Previously, he headed the USPA supervisory board (2019–2020) served as first deputy chairman of the State Service of Maritime and River Transport of Ukraine (2018–2019), and headed PJSC Ukrainian Danube Shipping Company (2014–2017). Barinov was also a member of the Odesa Regional Council (2015–2018) and a member of the supervisory board of the National University “Odesa Maritime Academy.”

The Ukrainian Ports Association “Ukrport” brings together sea and river ports and port industry enterprises. Before being elected president of the association, Dmytro Barinov worked for a long time in the structures of the State Enterprise “Administration of Sea Ports of Ukraine” (AMPU).

,

Northern GOK invested UAH 14 mln in repair of roasting machine

Northern Mining and Processing Plant (Northern Mining and Processing Plant, Kryvyi Rih, Dnipropetrovsk region), part of the Metinvest Group, has allocated UAH 14 million for the overhaul of the LURGI 552 A roasting machine.

According to the company, Northern GOK is renovating its processing complex equipment, with the combined mining and processing company continuing to modernize equipment and maintain capacity at its Kryvyi Rih enterprises.

The overhaul of the LURGI 552 A roasting machine has now been completed, and the unit in the No. 2 pellet production shop has returned to operation. It is specified that repair specialists repaired mechanical equipment in the pelletizing, firing, and screening sections and replaced conveyor belts. They also inspected the conveyor transport of the entire machine’s technological line. The metal structures of the kiln were repaired and the water cooling elements were replaced.

Partial replacement of damaged refractory blocks in the firing and cooling zones of the machine was carried out using high-quality materials that will reliably protect the metal structures of the machine from high temperatures in the future.

“The main task of the capital works is to maintain the productivity of the kiln and stabilize the quality characteristics of the finished products. The measures taken will ensure that the kiln operates at its design capacity of 465 tons of high-quality pellets per hour. In addition, the work carried out will reduce specific energy and resource consumption during production, increase the efficiency of the equipment, enhance safety for employees, and improve working conditions for the team,” explained Eduard Matitsyn, head of the No. 2 pellet production shop.

Northern GOK is part of the Metinvest Group, whose main shareholders are System Capital Management (SCM, Donetsk) (71.24%) and the Smart Holding group of companies (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

, ,

Zaporizhstal invested UAH 5.3 mln in modernization of its hot rolling mill

Zaporizhstal Steel Works has allocated UAH 5.3 million to modernize the APR-4 longitudinal slitting unit in the hot rolling shop (HRS).

According to its press release on Tuesday, the project involved upgrading key components of the unit and enhancing its technical capabilities to handle coils weighing up to 16 tons. Installation and commissioning were carried out by specialists from the division together with the contractor Etalonbudservis.

It is specified that the upgraded equipment will allow processing rolls of double weight up to 16 tons, expanding the range of thin-gauge rolled products and improving the quality of metal processing in the HRS.

Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

, ,