Business news from Ukraine

Business news from Ukraine

Auto and goods clearance temporarily halted at the Ukraine–Moldova border

The clearance of vehicles and goods at the Ukraine–Moldova border is temporarily not being carried out due to a failure of the central databases of the customs authorities of the Republic of Moldova, Ukraine’s State Customs Service has reported.

“Please take this information into account when planning to cross the border! The resumption of clearance operations will be announced additionally,” the message posted on the Telegram channel on Saturday said.

As reported, according to First Vice Prime Minister and Minister of Energy of Ukraine Denys Shmyhal, on January 31 at 10:42 a technological incident occurred, involving the simultaneous disconnection of the 400 kV line between the power systems of Romania and Moldova and the 750 kV line between the western and central parts of Ukraine.

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Kernel focuses on modernizing existing elevators

Kernel, one of Ukraine’s largest agricultural holdings and elevator operators, is focusing its current investment activities on specific technological solutions for the development of its elevator network and will implement its own engineering developments at these facilities, said Sergey Shcherban, head of Kernel’s storage department, at the Grain Storage Forum in Kyiv on Friday.

The expert noted that the construction of new large facilities in the format of “sand elevators” (projects “from scratch” – IF-U) currently requires a long investment cycle – from 8 to 10 years. In this regard, the company is directing its available capital budget (CAPEX) toward improving the efficiency of existing assets.

“Our budget is specifically targeted at specific technological solutions. In particular, we have developed our own grain recuperator, which we plan to install at least at two elevators in cooperation with the Sokol company. This development will save 20% of energy when drying grain in certain types of dryers,” Shcherban explained.

According to him, Kernel will soon begin producing its own cleaning equipment. The agricultural holding’s specialists have developed a machine for cleaning, calibrating, and sorting grain, which allows working with raw materials of any quality.

“We have acquired the technology, and now this equipment is being put into practice. The recuperator and cleaning machine are our own designs. We need to approach the solution of non-standard problems of agricultural producers through process optimization,” emphasized the head of the department.

Kernel is the world’s largest producer and exporter of sunflower oil, the largest exporter of grain from Ukraine, and a leading producer of grain and oilseeds in Ukraine. It is one of the largest producers and sellers of bottled oil in Ukraine. It is engaged in the cultivation and sale of agricultural products.

Kernel is the largest operator in the grain storage market in Ukraine. It has a network of more than 60 elevators with a one-time storage capacity of about 3.5 million tons. Its main assets are concentrated in the Poltava, Cherkasy, Chernihiv, Sumy, and Kirovohrad regions. The agricultural holding’s logistics infrastructure is supported by assets in the ports of Chornomorsk, including the powerful Transbalkterminal grain terminal (over 190,000 tons of storage capacity) and a stake in the Olymp terminal.

In fiscal year 2025 (FY, July 2024 – June 2025), Kernel supplied 8 million tons of agricultural products to the global market. The agricultural holding company earned $238 million in net profit, which is 42% more than in FY 2024. Kernel’s consolidated revenue in FY 2025 reached $4.115 billion, which is 15% more than in the previous financial year.

The company’s debt obligations at the end of September amounted to $726 million, including bank credit lines of $104.5 million compared to $146.7 million at the beginning of the year.

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PJSC Dnipropetrovsk Food Concentrates Plant to hold meeting on February 24

PJSC Dnipropetrovsk Food Concentrates Plant (Dnipro, EDRPOU code 00374048) will hold its annual general meeting of shareholders on February 24, 2026, in the form of a remote poll, according to the issuer’s announcement. According to the announcement, the date for compiling the list of shareholders entitled to participate in the meeting is set for February 19, 2026.

The agenda includes, in particular, consideration of the reports of the management board and supervisory board for 2025, approval of the annual report and results of financial and economic activities for 2025 with a decision on the distribution of profits, termination of powers and election of management and control bodies, as well as preliminary consent to significant transactions.

Ballots for voting must be made freely available to shareholders on February 13, 2026, with the period for sending ballots to the depositary institution set from 11:00 a.m. on February 13 to 6:00 p.m. on February 24, 2026.

PJSC Dnipropetrovsk Food Concentrates Plant is registered in Dnipro, with a charter capital of UAH 8.4188 million. According to Opendatabot, the company’s director is Oleksandr Kovrov, and the ultimate beneficiary is Iryna Kovrova; among the shareholders with large stakes are Oleksandr Kovrov (78.5908%) and Iryna Kovrova (19.789%). According to the company, the plant produces, among other things, dry breakfasts, snacks, and coffee products.

Source: https://www.fixygen.ua/news/20260131/chao-dnepropetrovskiy-kombinat-pishchevyh-kontsentratov-provedet-sobranie-24-fevralya.html

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PZU Ukraine Insurance Company increased its insurance premium income by 42% in 2025

PJSC Insurance Company PZU Ukraine (Kyiv) collected UAH 2.884 billion in net premiums in 2025, which is 41.9% more than in 2024 (UAH 2.033 billion), according to the insurer’s interim data posted on the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

Premiums written for the year increased by 27.7% to UAH 2.772 billion.

In 2025, the company made compensation payments of UAH 2.739 billion, which is 23.5% more than in 2024. At the same time, gross profit amounted to UAH 145.042 million, while a year earlier it was UAH 184.743 million.

The financial result before tax amounted to UAH 391,015 thousand, and profit expenses amounted to UAH 60.088 million.

The insurer’s net loss for 2025 amounted to UAH 330.931 million, while in 2024, the company ended with a net loss of UAH 21.749 million.

PZU Ukraine Insurance Company is supported by one of the largest insurance groups in Central and Eastern Europe, PZU Group, which includes the parent company of PZU Ukraine Insurance Company, PZU S.A.

According to the National Bank of Ukraine, PZU Ukraine ranks 11th in terms of premiums collected for the first nine months of 2025 among non-life insurers in Ukraine.

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Head of Prosecutors’ Council, Romanov, Called Criticism of Selection for SAP Commission Pressure on Prosecutor General

Ruslan Romanov, Head of the Prosecutors’ Council of Ukraine, said there is a targeted information campaign and attempts at manipulation surrounding the formation of the конкурс commission for selecting the leadership of the Specialized Anti-Corruption Prosecutor’s Office (SAP). According to him, criticism of the appointment of certain members of the commission, including attorney Oleksii Shevchuk, is subjective and ignores legislative requirements.

He said this in an interview with the Judicial and Legal Gazette.

Romanov emphasized that Prosecutor General Ruslan Kravchenko acted strictly within the law, and that any demands to cancel the appointments without legal grounds constitute direct interference with his independence.

According to the head of the Council, the selection procedure was as public as possible; however, civic activists and lawyers showed insufficient interest in participating in the competition. Within the установлен term, only four candidates submitted documents, including Oleksii Shevchuk. Romanov suggested that the low activity of the civic sector may be linked to fear of the need to declare assets and to assume real responsibility. He stressed that the law does not provide a mechanism for recalling a commission member due to media backlash, but only on clearly defined grounds such as a personal statement or health condition.

The scandal erupted after a number of leading civil society organizations (CPC, “AutoMaidan,” “DEJURE”) and media outlets called on the Prosecutor General to replace Oleksii Shevchuk. The Prosecutors’ Council warned that any незакон personnel changes would lead to lawsuits and would block the work of the commission for an indefinite period.

In response to questions from the public and the media about the process of forming the конкурс commission that selects candidates for administrative posts in the Specialized Anti-Corruption Prosecutor’s Office (SAP), the Prosecutors’ Council of Ukraine and the Prosecutor General explained the sequence of events and the procedure for actions by prosecution bodies.

Spokesman for the National Association of Advocates of Ukraine Oleksii Shevchuk stated that he and his family had received direct threats to their life and health related to his appointment as a member of the commission for selecting prosecutors of the Specialized Anti-Corruption Prosecutor’s Office (SAP).

Business confidence indicator in Ukrainian construction market rose at beginning of 2026

The business confidence indicator in the Ukrainian construction market rose by 1.2 percentage points (pp) in the first quarter of 2026 compared to the fourth quarter of 2025, to “minus” 27.7%, according to the State Statistics Service (Gosstat).

According to a survey of construction companies conducted by the agency, the assessment of the current volume of orders deteriorated by 1.7 p.p. to “minus” 43.1%. Thus, 56% of the companies surveyed assessed their current volume of orders as normal for the season, while 42% assessed it as insufficient.

Sixty percent of respondents expect prices for their services to increase at the end of the first quarter of this year. Only 5% of respondents predict a decrease in the cost of construction work, while 39% do not expect any changes in pricing policy.

According to State Statistics Service data, the companies participating in the survey have an average of six months’ worth of orders, which corresponds to the pre-war figure at the beginning of 2022.

The statistics agency notes that in the first quarter of 2026, the negative impact on construction will be due to labor shortages (56.8%), financial constraints (47%), insufficient demand (33%), and other factors (45%). At the same time, expectations of a negative impact from weather conditions have increased significantly: while 12% of the companies surveyed reported this factor in the previous quarter, the number has now risen to 45%.

About 29% of the companies surveyed expect a reduction in the number of employees in January-March, while 57% believe that their number will remain unchanged, and 14% predict an expansion of staff.

According to the State Statistics Service, 40% of respondents noted an increase in the volume of construction work completed in the last quarter, while 27% reported a decrease in volume.

The survey showed that 98% of Ukrainian construction companies find it quite difficult to predict the future development of the business situation.

The statistics do not include territories temporarily occupied by the Russian Federation and parts of territories where hostilities are (were) ongoing.

 

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