Agro-industrial group of companies Novaagro Ukraine (Kharkiv) has attracted UAH 350 million from Ukreximbank to support agricultural production, the company’s press service reported on Facebook.
“Novaagro Group of Companies continues to actively develop the agrarian direction thanks to the strategic partnership with Ukreximbank, which provided financing in the amount of UAH 350 million in the form of tranche credit lines and bill avalization limits to agricultural companies of the group,” the statement said.
The purpose of using the funds is to ensure the sowing and harvesting campaign, in particular on new areas in Kharkiv region, which became part of the group after the acquisition of assets of AgroGeneration in the fall of 2024.
Novaagro Ukraine added that the realized financing structure will allow the team to flexibly manage financial instruments in accordance with seasonal and production needs.
Novaagro Group of Companies has been operating in the Ukrainian and international markets since 2009. It consists of four operating companies specializing in trading, export of grain and oilseeds, cultivation, warehousing, production and sale of mixed fodder, wheat flour and granulated bran, chicken meat.
“Novaagro” has five elevators with a total capacity of one-time storage of more than 310 thousand tons, feed mill in Chkalovskoye (Kharkiv region), producing 200-300 tons of products per day.
According to the Unified State Register, the ultimate beneficiary of Novaagro Limited is Serhiy Polumisny.
As reported, in October, Novaagro completed the purchase of 56.9% of shares of AgroGeneration S.A., an agricultural holding company.
The Department of Enforcement of Decisions of the State Enforcement Service of the Ministry of Justice of Ukraine has put up for sale on OpenMarket a plant for the production of instant coffee and coffee products located in Chornomorsk, Odesa region.
The facility is being sold within the framework of enforcement proceedings.
The facility includes:
Address of the facility: 14A, Promyslova Street, Chornomorsk (formerly Illichivsk), Odesa region.
Starting price of the lot (№573261): UAH 78,484,341.
The auction is scheduled for May 12, 2025.
“We continue to provide opportunities for businesses to acquire unique industrial facilities. Our auction is not only a tool for debt repayment, but also an opportunity to give a second life to such assets,” said Roman Osadchuk, CEO of SE SETAM.
The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014.
Age-sex pyramid of the population of Ukraine for 2024 (thousand people)
Tobacco manufacturer JTI Ukraine (Kremenchuk, Poltava region), a member of the Japan Tabacco Inc. group of companies, will pay dividends of UAH 276 million, according to a decision made by the general meeting on April 10.
“Dividends are to be paid in monthly installments within six months from the date of the decision. The method of payment of dividends is directly to the shareholder by transferring these funds by the company in US dollars to the shareholder’s cash account – JT International Holding B.V. (Netherlands),” the company reported in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).
It is noted that the dividend payment period is set from April 26 to October 8 this year.
The amount of dividends in foreign currency to be paid will be determined at the commercial rate of the authorized bank on the date of purchase of foreign currency. In case of payment of dividends from own funds in foreign currency, the recalculation is carried out at the official exchange rate of the National Bank of Ukraine on the date of payment.
According to the YouControl system, JT International Ukraine increased its net profit by 8.0% to UAH 981.21 million in 2024, while its revenue increased by 17.0% to UAH 6 billion 748.22 million.
JT International Holding B.V. owns 100% of the company.
PJSC Ukrnafta has joined the UN Global Compact, said Sergiy Koretsky, CEO of the company.
“An important milestone in the history of Ukrnafta – the company has joined the UN Global Compact in Ukraine, the local network of the largest global initiative that unites the world’s and Ukraine’s leading companies around common values of sustainable development,” he wrote on his Facebook page on Tuesday.
According to Koretsky, a modern company in the modern world must understand its responsibility to both society and the environment and strictly adhere to the highest standards in its work.
“The partnership with the UN Global Compact in Ukraine will help Ukrnafta to strictly follow its 10 principles to achieve the UN Sustainable Development Goals and contribute to the achievement of the 17 Sustainable Development Goals to build a strong, sustainable and responsible society,” explained the CEO, adding that these are human rights protection, fair labor principles, environmental standards and zero tolerance for corruption.
He emphasized that by doing so, Ukrnafta has once again confirmed the course it has set after the transition to state control: it operates transparently, develops international partnerships, implements the highest OECD corporate governance standards and adheres to global ESG standards.
In January-March 2025, the real gross domestic product (GDP) of Ukraine grew by 1.1% compared to the same period in 2024, according to the Monthly Economic Monitoring of the Institute for Economic Research and Policy Consulting (IER).
“The indicators for GDP, industry, construction and a number of other sectors of the economy published by the State Statistics Service allowed the IER experts to refine the estimate of real GDP growth in the first quarter of 2025. According to our estimates, real GDP grew by 1.2% in January and 0.7% in February,” the IER press service said on Tuesday.
It is noted that better access to electricity in March and a gradual increase in demand were the main reasons for a certain improvement in the economic situation in March. According to the IER, real GDP grew by 1.3% in March.
Value added in agriculture declined by about 3% y-o-y in March, which is in line with the revised estimate for February. The IER explained that this was mainly due to a decline in livestock production in households. As before, the advance of Russian troops led to a decrease in production near the front line.
“According to our estimates, real gross value added (GVA) in industry grew by 2.5% yoy in March, slightly faster than the revised 1.8% in February. Moderate growth in domestic demand and exports supported the increase in production, although Russian attacks continued to have a negative impact on economic activity. For example, in March, attacks on such major cities as Dnipro, Kryvyi Rih, and Kharkiv intensified,” the Institute added.
Production in the mining industry in March, according to the IER, decreased by more than 3% compared to March 2024, primarily due to the temporary occupation of several coal mines in Donetsk region by Russian troops and attacks on gas production. Real GVA in the electricity sector decreased by almost 5%, due to Russian attacks.
The IER emphasized that it also revised its estimate of growth in trade to 0.7% in February (compared to February-2024). The organization hopes that in March, growth will remain close to the same level – 1.2%.
“This will continue to reflect the trend of increasing the share of direct sales in trade, which leads to a decrease in wholesale turnover. According to our estimates, real GVA in transportation in March declined by 6%, which is close to our revised estimate for February. A deeper slowdown in rail freight transportation due to cyberattacks offset slightly faster growth in other transportation segments. The impact of the suspension of gas transit also remained,” the IER emphasized.
As for inflation, the IER estimates its growth at 14.6% yoy in March compared to 13.4% in February. One of the main factors behind this acceleration was a 45% increase in average egg prices compared to the low base of last year, while in February prices were close to last year’s levels (2% higher than in the previous year). However, inflationary pressures were also supported by traditional factors, such as rising labor costs, higher costs of stable energy supplies, last year’s poor harvest, and the approximation of domestic prices for a number of agricultural products to world prices (due to the removal of export barriers that previously kept domestic prices lower).
As reported, the NBU has downgraded its forecast for Ukraine’s economic growth this year to 3.1% from 3.6% in its previous January macroeconomic forecast, next year from 4.0% to 3.7%, and in 2027 from 4.2% to 3.9%.
According to First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko on March 18, gross domestic product (GDP) growth in January-February 2025 is estimated at 1.1%.
Earlier, on February 28, the International Monetary Fund (IMF) downgraded its forecast for Ukraine’s economic growth in 2025, lowering it by 0.5 percentage points (p.p.) from its previous forecast to 2-3%. Also, the European Bank for Reconstruction and Development (EBRD) has downgraded its forecasts for Ukrainian GDP growth in 2025 from 4.7% to 3.5%, the World Bank from 6.5% to 2%, and the National Bank of Ukraine from 4.1% to 3.6%, but the state budget for 2025 is based on a 2.7% GDP growth forecast.
In addition, ICU Investment Group has lowered its forecast for Ukraine’s GDP growth from 3.4% to 3% in 2025.
