The decline in the tobacco market in Ukraine accelerated to 16.5% in the fourth quarter of 2025 from 15.0% in the third quarter, according to the annual report of Philip Morris International (PMI). According to the report, the Ukrainian market lost 10.6% in real terms over the year as a whole, while the European market as a whole lost 3.5%.
This decline was caused by a 5% drop in cigarette sales, while sales of heated tobacco products (HTU) continued to grow.
In the European region, a significant drop in sales in the fourth quarter of last year was also recorded in Poland (15.4%) and, to a lesser extent, in France (9.4%), but this was partially offset by sales growth in Bulgaria (8.3%), Germany (1.7%), and Serbia (6.4%).
Overall, Philip Morris managed to increase its global sales by 1.4% last year, thanks to a 12.8% increase in sales of smokeless products, including an 11.0% increase in HTU sales, while cigarette sales fell by 1.5%.
As a result, the company’s net revenue grew by 7.3% to $40.6 billion, including smokeless products, which grew by 15% to $16.9 billion.
The report notes that in 2025, Ukraine accounted for about 2% of total cigarette and HTU shipments, as well as about 1% of total net revenue.
“In Ukraine, it is impossible to predict when and to what extent we will be able to fully normalize our operations, as well as to what extent our personnel, facilities, inventories, and other assets will remain intact,” the document also states.
As of December 31, 2025, PMI’s total assets in Ukraine amounted to approximately $0.7 billion, excluding intercompany balances.
As reported, in 2024, Philip Morris Ukraine opened a new factory in the Lviv region, investing $30 million in its launch. The company’s Kharkiv factory has been suspended since February 24, 2022.
Philip Morris Ukraine (PMU) has been operating in the Ukrainian market since 1994. On January 30, 2026, the company reported a Russian missile strike that damaged part of the company’s Kharkiv factory.
According to data from YouControl, in the first nine months of 2025, Philip Morris Ukraine’s revenue decreased by 13.3% to UAH 14.23 billion.
Mukachevo Knitting Factory Mriya PJSC (Mukachevo, Zakarpattia region) plans to hold an extraordinary general meeting of shareholders on February 12, 2026, in the form of a survey (remotely), according to the issuer’s announcement in the SMIDA information disclosure system.
The date for compiling the list of shareholders eligible to participate is set for February 9, 2026. Voting will end (the depositary institution will stop accepting ballots) at 6:00 p.m. on February 12.
The agenda includes issues related to significant transactions involving the alienation of the company’s real estate and movable property, the termination of the powers of the current members of the supervisory board and the election of new members, as well as the approval of the terms of agreements with members of the supervisory board.
Mukachevo Knitting Factory “Mriya” PJSC (EGRPOU 00307253) is registered in Mukachevo, legal address – 13 Tomas Masaryk Street; director – Tatyana Roshchina. The main activity is the production of underwear (KVED 14.14). According to OpenDataBot, the company’s revenue in 2024 amounted to UAH 20.047 million, its net financial result was minus UAH 7.284 million, and its assets amounted to UAH 20.641 million.
According to Serbian Economist, President of Montenegro Jakov Milatovic has sent to the President of Parliament Andrija Mandic a proposal to amend the Constitution to enshrine the general rule on non-working Sundays and days of public and other holidays for employees of the country.
According to the initiative, it is proposed to supplement Article 64 of the Constitution with the provision that employees in Montenegro do not work on Sundays and public holidays provided by law, while the possibility of establishing exceptions by law for certain activities is allowed, when it is necessary to protect the public interest.
In the justification, Milatović pointed out that the Constitutional Court on January 28, 2026 struck down as unconstitutional Article 35a of the Law on Internal Trade, which restricted the work of trade on Sundays and holidays, citing the violation of freedom of enterprise and the principle of equality.
Milatović also emphasized the importance of the trade sector for the country’s economy, noting that it employs almost 20% of workers and generates about 14% of GDP, according to data cited in the document, and workers’ rights should have a predictable legal basis.
https://t.me/relocationrs/2241
IC “Express Insurance” in 2025 settled 2442 insurance events under compulsory insurance of civil liability for a total amount of UAH 102.9 million, which is 42% more than in 2024, according to its website.
It is noted that in the structure of payments during the year were represented both cases of compensation for damage to property, and compensation for harm caused to the health of victims under contracts MTPL.
The company informs that in this reporting period in 59% of cases the registration of the insured event was carried out with the participation of the police, another 41% – through the procedure of “europrotocol”.
Last year, the level of financial obligations under CMTPL insurance is illustrated by the maximum amounts paid out for individual insurance events. The largest payout with the participation of the police amounted to UAH 250 thousand, and in cases formalized by the procedure of “europrotocol” – 186.2 thousand UAH.
It is noted that at the end of 2025, payments under CMTPL insurance were formed in the conditions of growth of settlement volumes and application of various procedures for registration of insurance events.
TDV “Express Insurance” was founded in 2008 with the participation of the leader of the Ukrainian automobile market – “UkrAuto Group”. The company specializes in car insurance. It is represented in more than 60 points of sales throughout Ukraine and has more than 100 partner service stations, the network of which continues to actively expand.
The implementation of the project to develop the Dobra lithium deposit in the Kirovohrad region will provide jobs and budget revenues for the Ukrainian economy, but the maximum effect for the economy is possible if processing and final product manufacturing are localized in the country. This was reported by the Experts Club expert and analytical center, citing Vladimir Khaustov, scientific secretary of the Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine.
Khaustov noted that when exporting raw materials or concentrate, the main added value will be generated outside Ukraine, while the production of batteries and other lithium-based products would significantly increase the project’s contribution to economic development.
At the same time, he pointed to the risks of market changes and technological transition to alternative solutions for energy storage devices. According to his estimates, the path from the start of development of the deposit to the release of the final product could take about 15 years, during which time other types of batteries, such as aluminum-ion or sodium batteries, or even other types of energy storage devices, could appear on the market.
As reported, the Cabinet of Ministers of Ukraine has selected the winner of the competition for the development of the Dobra lithium deposit under a production sharing agreement (PSA) — Dobra Lithium Holdings JV, LLC, whose shareholders are Techmet and The Rock Holdings. Prime Minister Yulia Svyrydenko said that the project involves attracting at least $179 million in investments, including $12 million for geological exploration and international audit of reserves and $167 million for the organization of extraction and enrichment upon confirmation of industrial reserves.
The PSA competition for the Dobre field was announced in September 2025. According to the State Service of Geology and Subsoil, the 17.07 sq km site is located in the Kirovograd region, and the winner will receive a special permit for a period of 50 years. In addition to lithium, the project covers a number of associated metals.
Sources cite the land ownership structure in the deposit area and environmental procedures, including the need for a new environmental impact assessment and public discussion, as additional challenges for the investor.
Shareholders of PJSC “Production Association ”Stalkanat” (Odessa) intend to summarize the results of work in 2025 and allocate UAH 89,724,447 thousand for the payment of dividends at the rate of UAH 0.43 per share from the share of profit for the past year.
According to the company’s report in the NSSMC’s information disclosure system, the annual shareholders’ meeting is scheduled for March 12 of this year.
There are nine items on the agenda, including, in particular, consideration of the company’s CEO’s report on financial and economic activities for 2025, determination of the main areas of activity in 2026, consideration of the supervisory board’s report for the past year, review of the auditor’s conclusions, approval of the results of financial and economic activities for 2025, and a decision on the distribution of the company’s profits. A decision on the payment of dividends and a decision on the preliminary approval of significant transactions are planned.
According to the draft decisions reviewed by Interfax-Ukraine, it is planned to approve the results of the company’s financial and economic activities for 2025 and approve the procedure for distributing profits: UAH 89,724,447.58 to be used to pay dividends at a rate of UAH 0.43 per share by direct payment to shareholders; the dividend payment date is September 12, 2026.
The remaining profit will be left as undistributed profit, with the amount of profit for 2025 not specified.
In addition, shareholders plan to pre-approve the company’s significant transactions with Raiffeisen Bank JSC. The maximum total value of pre-approved transactions may not exceed the equivalent of UAH 1.2 billion, and the term of such obligations may not exceed May 1, 2031.
It is planned to approve significant transactions, namely to agree to increase the amount of contracts for the purchase of metal products from UAH 1 billion to UAH 1.5 billion. At the same time, the conclusion of relevant contracts and additional agreements will be confirmed.
As reported, Stalkanat increased its net profit by 4.5 times in the first nine months of 2025 compared to the same period in 2024, from UAH 113.016 million to UAH 504.626 million. During this period, the company increased its net income by 26.5% to UAH 4 billion 33.007 million. Retained earnings at the end of September 2025 amounted to UAH 791.920 million.
In 2024, the company reduced its net profit by 34% compared to the previous year, from UAH 280.060 million to UAH 184.808 million. At the same time, it increased its net income by 33.3%, to UAH 4 billion 436.786 million.
The average number of employees in 2024 was 1,056 thousand people, and the average income per employee was UAH 34,632 thousand.
In 2023, Stalkanat reduced its net profit by 13.8% compared to 2022, from UAH 325.073 million to UAH 280.060 million, but increased its net income by 3.1% to UAH 3 billion 328.170 million.
Stalkanat is one of the largest manufacturers of steel ropes and reinforcement strands in Eastern Europe and a leader in the production of metal products in Ukraine.
According to the NDU for the fourth quarter of 2025, David Nemirovsky owns 50% of the shares, while Anton Mikhalenko (non-resident) and Maria Kondratyuk each own 24.9%.
The authorized capital of PJSC Stalkanat is UAH 17.736 million, with a share par value of UAH 0.17.
