Business news from Ukraine

Business news from Ukraine

Agroprodservice has opened canning and semi-finished products factory in Ternopil region

Agroprodservice PJSC has launched a new factory for canning and manufacturing semi-finished products from vegetables in the Velykoberezovytska community (Ternopil region), according to a press release posted on the community’s Facebook page.

According to the report, the new food factory, Babusi Marusi, will produce canned vegetables, pickles, and semi-finished products from vacuum-packed vegetables.

The company already employs 26 people. The plant plans to hire a permanent staff of about 50 employees, including 10 highly qualified specialists. In the future, it plans to introduce modern production automation technologies and enter new markets, including outside Ukraine.

“The development of the enterprise will create new jobs for the community, increase local budget revenues, and make the area more attractive to investors. This will help improve the standard of living and support infrastructure development,” the company said.

PJSC “Agroprodservice” was established in 1999.

As a diversified enterprise, it operates in the Ternopil and Ivano-Frankivsk regions. It cultivates about 45,000 hectares of land. Agroprodservice owns grain elevators with a total storage capacity of 200,000 tons, a feed mill, and a seed plant.

The company is also engaged in poultry farming (2 million birds), cattle breeding (about 6,000 head, including 2,000 dairy cows) and pig breeding (60,000 head).

The ultimate beneficiaries of PAP “Agroprodservice” (Nastasiv, Ternopil region) are Tetiana Chaykivska (owns 70% of the company’s shares) — wife of People’s Deputy Ivan Chaykivsky, secretary of the Verkhovna Rada’s Agrarian Committee — and Andriy Baran (30%).

 

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Spain’s GDP grew by 0.7% in second quarter

Spain’s economy grew by 0.7% in the second quarter of 2025 compared to the previous three months, according to preliminary data from the national statistics agency INE.

GDP growth was 2.8% compared to the same period last year.

Analysts on average predicted an increase in the first indicator by 0.6% and the second by 2.5%, according to Trading Economics.

Consumer spending in Spain in April-June increased by 0.8% compared to the previous quarter, business investment – by 2.1%. At the same time, government spending decreased by 0.1%.

Exports of goods and services increased by 1.1%, and imports by 1.7%.

Industrial production increased by 0.8%, the services sector grew by 1.2%, and the construction industry by 1.5%.

In the first quarter, the country’s GDP grew by 0.6% quarter-on-quarter and by 2.8% year-on-year.

INE also reported that retail sales in Spain in June increased by 6.2% compared to the same month last year. This is the highest increase since January 2022.

In particular, sales of food products increased by 5.4%, and non-food products by 6.6%.

http://relocation.com.ua/vvp-ispanii-u-ii-kvartali-zris-na-07/

 

lifecell attracted over 1,400 business customers in month

Mobile operator lifecell, part of the DVL (Datagroup-Volia-lifecell) group of companies, attracted over 1,400 businesses that transferred their business numbers to it in July, according to a press release.

“As of July 2025, more than 1,400 companies have transferred thousands of business numbers to the lifecell network, choosing the operator’s tariffs and services. In 2025, lifecell recorded a twofold increase in the volume of corporate number transfers compared to the same period in 2024,” the lifecell press service said in a statement on Tuesday.

It is noted that the procedure for transferring business numbers consists of three stages and takes up to three working days.

Earlier it was reported that in January-June 2025, lifecell became the leader among operators in terms of the number of subscribers.

 

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Zelensky signed law on Ukrainian citizens deported from Poland in 1944-1951

Ukrainian President Volodymyr Zelensky has signed a law recognizing Ukrainian citizens who were forcibly resettled from the territory of the Polish People’s Republic in 1944-1951 as deportees. The relevant law card No. 4540-IX with the signature of the President of Ukraine has been published on the website of the Verkhovna Rada.

Ukrainian Foreign Minister Andriy Sibiga noted that this law restores historical justice regarding this “horrible crime.”

“President of Ukraine Volodymyr Zelenskyy has just signed an important law restoring the memory of Ukrainians forcibly deported from Poland in 1944-1951. This is a correct and dignified step that restores historical justice regarding this horrific crime. I thank the president for supporting this decision, as well as the members of parliament who developed and implemented it,” he wrote on his Facebook page.

The minister noted that “many witnesses of those tragic events have already passed away,” but in order to protect the rights of “those who still live with us and their descendants,” Ukraine guarantees the provision of assistance as provided by law.

 

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Milk production in Ukraine fell by 7% in June – AVM

In June 2025, farms of all categories produced 657,000 tons of raw milk, which is 28,000 tons (-4%) less than in May 2025, but 47,000 tons (-7%) less than in June 2024, according to the Association of Milk Producers (AMP) citing data from the Ministry of Economy.

The industry association noted that in January-June 2025, milk production in Ukraine amounted to 3.39 million tons, which is 179,000 tons (-5%) less than in the same period last year. In June 2025, the share of enterprises in raw milk production was 39%, and that of private households was 61%.

At the same time, enterprises produced 257,700 tons of raw milk in June 2025, which is 12,400 tons (-4.6%) less than in May 2025, but 5,000 tons (+2%) more than in June 2024. In January-June 2025, dairy farms produced 1.56 million tons of raw milk, which is 63 thousand tons more (+4%) than in the same period last year.

In June 2025, milk production in private households amounted to 400,000 tons, which is 16,000 tons (-14%) less than in May 2025 and 53,000 tons (-12%) less than in June 2024. In January-June 2025, the household sector produced 1.82 thousand tons of raw milk, which is 242 thousand tons less (-12%) than in the same period last year.

The AVM noted that milk production increased the most in the Lviv (+21%), Zakarpattia (+20%), Khmelnytskyi (+17%), Mykolaiv (+13%), and Ternopil (+10%) regions compared to the same period last year.

“The growth rate of raw milk production in the industrial sector of Ukraine since the beginning of 2025 has been one of the best in Europe and the world. (..) Dairy farms increased milk production despite Russian missile and bomb strikes, relocation, and rising production costs. However, despite the increase in production in the industrial sector, milk yields in private farms continue to decline on an annual basis. It is likely that if private farms do not consolidate by 2030, their milk will no longer be sent for processing and will be used for their own consumption,” said Georgiy Kukhaleishvili, an analyst at the association.

In January-June 2025, dairy farms increased raw milk production in 14 regions. The regions of Central and Northern Ukraine remain the leaders in terms of raw milk production. However, the largest growth in raw milk production is observed in the Lviv, Zakarpattia, and Khmelnytskyi regions, which is associated with the construction of new dairy farms in western Ukraine. They compensate for the reduction in milk yield in the eastern and southern regions of Ukraine due to ongoing military operations.

At the same time, raw milk production at dairy farms in Ukraine is held back by the unwillingness of milk processing companies to buy it at a fair price as farmers’ production costs go up, according to the industry association.

“Domestic milk processing enterprises with outdated technology are unable to compete on quality with enterprises in developed countries. Therefore, they are not ready to buy raw milk at adequate prices, as they sell their products at lower prices to remain competitive in export markets,” the AVM emphasized.

Uncertainty in the market also prevents dairy farms from significantly increasing milk production in the future. After the European Commission canceled autonomous trade measures (ATMs) in June, Ukraine and the EU revised their trade agreement, agreeing on new quotas for Ukrainian dairy exports, provided that Ukraine gradually transitions to EU standards by 2028. However, the new document has not yet been signed due to the position of Hungary, Poland, Romania, Bulgaria, and Slovakia on customs duties and quotas for Ukrainian grain, which are also stipulated in the agreement.

“There is a risk that exports of dairy products from Ukraine to the EU will be suspended next month if the new conditions do not come into force in the near future. In such a scenario, exports of exchange-traded goods to the EU will be suspended, demand for milk from processors may decline, and the emergence of surpluses will negatively affect prices,” the AVM concluded.

 

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NovaPay to issue 12th series of bonds worth UAH 100 mln for lending to individuals and legal entities

The international financial service NovaPay (TM NovaPay) will issue a series of “L” bonds with a total nominal value of UAH 100 million, which will be the 12th such series in the overall bond issuance program.

As noted in the SMIDA information disclosure system, the issuer is again a subsidiary of NovaPay, NovaPay Credit LLC, and the decision was approved by the general meeting of participants on July 16.

According to the announcement, the bonds are planned to be placed among an unspecified group of persons through a public offering, without the involvement of an underwriter, with a nominal value of UAH 1,000.

The company notes that there are currently 10 series of bonds in circulation – from “A” to ‘J’, each with a total nominal value of UAH 100 million, with the exception of series “I”, whose total nominal value is UAH 90 million. It is stated that the total nominal value of NovaPay Credit LLC securities in circulation at the time of the decision is 506.7% of the company’s authorized capital.

The funds raised are planned to be used for lending operations to individuals and legal entities – 80% and 20%, respectively.

NovaPay was founded in 2001 as an international financial service provider, part of the Nova Group (“Nova Poshta”), providing online and offline financial services at Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.

NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first non-bank to launch its own financial app with a wide range of financial services at the end of last year.

As reported, in 2023, NovaPay made three public issues of interest-bearing bonds of series “A”, “B” and “C”, and last year issued six more series of bonds – “D”, “E”, “F”, “G”, ‘H’ and “I”, and this year, another series “J,” all for UAH 100 million. Also this year, a decision was made to issue bonds of series “K” for UAH 100 million. Securities of all series, except for ‘B’ and “I,” are used for the REPO program as an alternative to bank deposits, They are available for purchase in the NovaPay mobile app, while bonds of series “B” and “I” are offered for sale to institutional clients, with interest income paid quarterly.

According to the prospectuses, the bonds of the last four series were issued for three years. The nominal interest rate on them is 17% per annum, while for the previous three it was 18%.

According to the prospectus, NovaPay Credit plans to increase its interest income to UAH 802.1 million this year and to UAH 1 billion 515.1 million next year, and to receive UAH 518.9 million and UAH 1 billion 30.6 million in net profit, respectively.

Last year, the company’s net profit grew to UAH 89.2 million from UAH 40.3 million a year earlier, with revenue increasing to UAH 285.6 million from UAH 95.6 million.

 

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