Business news from Ukraine

Business news from Ukraine

Schneider Electric Presented Innovative Energy Technologies at the World Economic Forum in Davos

Schneider Electric, a global leader in energy technologies, announces its participation in the Annual Meeting of the World Economic Forum in Davos, Switzerland. The company delegation is led by CEO Olivier Blum, who will advocate for cross-industry cooperation to advance energy technologies.

“It is clear that we have entered a new era where artificial intelligence and energy are inseparable, and together they will transform every business,” said Olivier Blum, CEO of Schneider Electric. “AI requires computing power, and computing requires energy. That is why the world needs greater energy intelligence. Customers across all sectors face the same challenge—using energy efficiently. As your partner in energy technologies, we electrify, automate, and digitize every industry, business, and home, improving efficiency and sustainability for all. And we are not just connecting systems—we are creating ecosystems in which AI, data, and people work in harmony. Let’s use the opportunity in Davos to advance energy technologies together.”

During this year’s meeting, the company will make a number of important announcements, including those listed below. The full list of Schneider Electric delegates and the format of the company’s participation can be viewed at se.com.

AI applications delivering real results

Schneider Electric was recognized in the 1st and 2nd cohorts of the MINDS program (Meaningful, Intelligent, Novel, Deployable Solutions), the Forum’s global program highlighting high-impact real-world applications of artificial intelligence. CEO Olivier Blum will receive awards for EcoStruxure Microgrid Advisor and Snaplogic Touchscreen Room Controller at the winners’ award ceremony during the Annual Meeting of the World Economic Forum on January 20, 2026.

Ninth recognition of a Schneider Electric plant as a flagship smart factory

The Forum’s Global Lighthouse Network, which identifies and recognizes the most advanced manufacturing sites in the world, honored Schneider Electric’s plant in Wuhan. It became one of only three plants worldwide to receive recognition for work with talent—a new category introduced this year. This recognition became the ninth in Schneider Electric’s series of Lighthouse awards. The plant was recognized for implementing an innovative, people-centered workforce-of-the-future model that bridges the skills gap and sets a new standard for manufacturing resilience.

Gathering of C-level executives from different industries

Frederic Godemel, Executive Vice President for Energy Management at Schneider Electric, will convene a cross-industry group of global leaders and influencers on behalf of the Forum’s Bloomberg New Economy Energy Technology Coalition. This will be the Coalition’s first significant meeting, aimed at accelerating the adoption of technologies that make energy consumption more efficient, sustainable, and flexible amid growing global demand for electricity.

Driving change for underserved communities

Schneider Electric and EDP jointly launched the EDGE Transition program—a global accelerator that will support social entrepreneurs offering clean and affordable energy solutions and creating inclusive economic opportunities for underserved communities.

The program helps early-stage startups through mentorship, technical expertise, strategic partnerships, and access to long-term, high-risk-tolerant capital, inviting solutions that serve underserved communities and promote equitable access to energy. The initiative aims to accelerate the energy transition and drive global electrification for sustainable impact.

The organizations will announce their partnership in Davos on January 21.

More information about Schneider Electric’s participation in the Annual Meeting can be found at https://www.se.com/ww/en/about-us/events/davos/.

About Schneider Electric

Schneider Electric is a global leader in energy technologies that improves efficiency and sustainability by electrifying, automating, and digitizing industry, businesses, and households. The company’s technologies enable buildings, data centers, factories, infrastructure, and power grids to operate as open, interconnected ecosystems, increasing productivity, resilience, and environmental performance. Its portfolio includes intelligent devices, software-based architectures, AI-enabled systems, digital services, and expert consulting. The company has 160,000 employees and 1 million partners in more than 100 countries and consistently ranks among the world’s most sustainable companies.
www.se.com

Learn about the latest trends shaping sustainability, Electricity 4.0, and next-generation automation at Schneider Electric Insights.

Shareholders of Rivne Radio Technical Plant to complete voting on March 2

The public joint-stock company Rivne Radio Technical Plant (Rivne) is convening an extraordinary general meeting of shareholders in a remote format, with the date of the meeting being the date of completion of voting – March 2, 2026, according to a statement in the SMIDA information disclosure system.

The meeting will take the form of a survey. The list of shareholders eligible to participate will be compiled as of 23:00 on February 25, 2026. Ballots for voting (except for cumulative voting) are planned to be made freely available on February 13, 2026, and a single ballot for cumulative voting will be made available on February 24, 2026.

The draft agenda includes, in particular, issues related to amendments to the charter (new version), early termination of the powers of the current members of the supervisory board and election of new members, establishment of the term of office of the elected members of the supervisory board (3 years is proposed), approval of the terms of civil law contracts with members of the supervisory board, as well as preliminary consent to significant transactions during the year with a maximum total value of up to UAH 1 billion and compensation for the costs of organizing the meeting.

PJSC Rivne Radio Technical Plant was registered on February 15, 1996, and its main activity is the production of communications equipment (KVED 26.30). Its authorized capital is UAH 11.21 million. According to state registry services, the state’s share in the company is 50% (through the regional branch of the State Property Fund of Ukraine in Rivne and Zhytomyr regions).

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Cocoa prices fell below $4,000 per ton for first time since 2023

Cocoa bean prices fell below $4,000 per ton for the first time since 2023.

The market has been declining over the past year due to signs of weakening demand. Prices have now fallen nearly 70% from their peak levels reached at the end of 2024.

The decline in the price of March cocoa bean futures in New York on Friday reached 5.9%, with the price falling to $3,931 per ton, the lowest since November 2023.

As of 1:20 p.m. ET, these contracts are trading at $4,117 per ton.

The price of cocoa beans rose above $12,000 per ton in December 2024 due to poor harvests in West African countries. High prices led to a decline in consumer demand for chocolate, and its manufacturers began to change recipes, using cheaper substitutes and adding more fillers, such as nuts, according to Bloomberg.

Companies in Europe, the world’s largest consumer of cocoa beans, reduced their processing volumes in the fourth quarter to the lowest level since records began in 2013. Combined with increased supplies from some of the key cocoa bean producers, global supply will soon exceed demand.

This week, brokerage firm StoneX confirmed its forecast of a global cocoa bean supply surplus of 287,000 tons in the 2025/2026 agricultural year (October 2025 – September 2026), noting increased production in Côte d’Ivoire and Ghana. The surplus supply in the next agricultural year is forecast at 267,000 tons.

Number of fraud cases decreased by a quarter in 2025

48.8 thousand criminal cases of fraud were registered in Ukraine last year, according to the Prosecutor General’s Office of Ukraine. This is a quarter less than in 2024. One in five cases was served with a notice of suspicion. Only 18% of proceedings went to court. Most cases are in the capital, Dnipro and Kharkiv regions.

48,871 criminal proceedings under Article 190 of the Criminal Code of Ukraine “Fraud” were recorded in Ukraine in 2025. This is a quarter less than in 2024, when law enforcement registered almost 65,000 cases.

Overall, the figures have actually returned to the level of 2016. Back then, there were just over 46 thousand fraud proceedings in Ukraine. After 2017 and before the full-scale invasion, the number of new proceedings steadily decreased from year to year. The peak occurred in 2023: 82,609 criminal cases – an average of almost 7,000 per month. However, for the second year in a row, the statistics have been on the decline again. Last year, on average, about 4,000 cases were registered per month.

However, suspicion was served in every fifth case – 10,456 proceedings. And 18% of cases went to court: 8,758 criminal proceedings. In 2024, this figure was 24%.

Kyiv remains the leader in the number of fraud cases – 6,825. It is followed by Dnipropetrovs’k region with 4,844 cases and Kharkiv region with 3,677 proceedings.

At the same time, the number of new proceedings decreased almost across the country. The only region that recorded an increase was Khmelnytskyi: +2.7% over the year. The most significant improvement is observed in Mykolaiv region, where the number of new cases has almost halved, as well as in Chernivtsi region: -39%.

https://opendatabot.ua/analytics/fraud-2025-12

Ukraine is expecting severe frosts: up to -17° in the western regions and ice storms in the east

The weather in the western, northern, and Vinnytsia regions on the last day of January is expected to be dry, with temperatures at night expected to be 12-17° below zero, during the day 9-14° below zero, and in Zakarpattia during the day from 3° below zero to 2° above zero, according to the Ukrainian Hydrometeorological Center.

The rest of the country is expected to see snow on Saturday, January 31, with rain in the southeast of Ukraine, and freezing rain and wet snow in the south, most of the central regions, and the Kharkiv region. The temperature during the day is expected to be 5-10° below zero, in the Azov region and in the Luhansk region from 3° below zero to 2° above zero, and in Crimea 1-6° above zero.

There will be icy patches on the country’s roads in some places. The wind will be north-easterly and northerly, 7-12 m/s, with gusts of 15-20 m/s in some places in the north-east of the country.

In Kyiv, there will be no precipitation on January 31. There will be icy patches on the roads in some places. The wind will be northeast, 7-12 m/s. The temperature at night will be 13-15° below zero, and during the day 10-12° below zero.

According to data from the Boris Sreznevsky Central Geophysical Observatory, for the entire period of meteorological observations in Kyiv since 1881, the highest temperature on January 31 was recorded at 8.1°C in 2015, and the lowest was 25.2° below zero (at night) in 1954.

On Sunday, February 1, cold weather is expected in Ukraine: temperatures at night will be 20-25°C, during the day 13-18°C below zero, and in the southern, Dnipropetrovsk, Donetsk, and Luhansk regions, temperatures at night will be 12-17°C, during the day 8-13°C below zero. In Crimea, temperatures are expected to be 3-8° below zero at night and during the day, and in Zakarpattia, 4-9° below zero at night and around 0° during the day.

No precipitation, only light snow in the southeastern part at night. There will be icy patches on the roads in some places. The wind will be mainly northern, 5-10 m/s.

In Kyiv on February 1, it will be cold with no precipitation, with temperatures of 20-22° at night and 14-16° below zero during the day. There will be icy patches on the roads in some places. The wind will be from the north, 5-10 m/s.

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Rozetka card already used by 150,000 people, with target of 1 mln by end of year

Since the launch of the Rozetka bank card, around 150,000 people have become cardholders, according to the company’s co-founder Vladislav Chechotkin.

“Our goal is to have at least 1 million people using the Rozetka card by the end of the year,” he wrote on Facebook.

According to the company’s website, the Rozetka card offers special prices on goods, bonuses for payments, a credit limit of up to UAH 200,000 with a grace period of up to 62 days, payment in installments for up to 24 months, and the ability to control expenses and payments in the Rozetka app.

As reported, at the end of September 2025, Rozetka, in partnership with Unex Bank and the Mastercard payment system, launched its own credit card.

The online store for electronics and household appliances Rozetka was founded in 2005 in Kyiv by Vladislav and Irina Chechotkin. Later, a fund managed by Horizon Capital became a co-owner of the company. Today, the company has transformed into a multi-category online marketplace, but it is also developing a network of its own stores.

According to the National Bank, as of December 1, 2025, Unex Bank ranked 39th among 60 banks in Ukraine with assets of UAH 4.73 billion. Its equity capital as of that date was UAH 358.5 million. In the first 11 months of 2025, the bank earned UAH 2.0 million in net profit.

The ultimate beneficial owners of the bank are the founder and head of the investment company Dragon Capital, Tomas Fiala, with 75.01%, and the chairman of the board of Unex Bank, Ivan Svitek, with 24.99%.

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