Business news from Ukraine

Business news from Ukraine

Ukraine plans to increase agricultural exports by at least $4 bln in 2027

The Ukrainian Cabinet of Ministers’ action plan calls for increasing the share of processed goods in Ukraine’s agricultural export mix to 63% by 2027 and raising the volume of agricultural exports by at least $4 billion.

To achieve this goal, the government plans to expand the use of state support mechanisms for Ukrainian agricultural producers of goods with a significant share of imports and to open new markets for at least 10 new commodity lines by 2027.

It is also planned to introduce the position of agricultural attaché in 2027, along with a new instrument to guarantee loans for processing through the Partial Agricultural Loan Guarantee Fund.

A separate priority is to increase the level of processing of agricultural waste and raw materials—particularly from crop and livestock production—into biofuels.

The Ministry of Agrarian Policy’s programmatic goal is to transform the agricultural sector into a highly productive, technologically advanced, innovative, and investment-attractive industry with high added value and a significant share of processing.

As reported, on August 17, the Cabinet of Ministers of Ukraine approved the Government Action Program. Verkhovna Rada Chairman Ruslan Stefanchuk stated that parliament will review the Program in the near future in accordance with established procedure.

According to the Ministry of Economy, Environment, and Agriculture, by the end of 2025, processed products accounted for 47.8% of Ukraine’s agricultural exports, while raw materials accounted for 52.2%. In 2024, this ratio stood at 40% and 60%, respectively.

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“Oranta” Plans to Allocate 20.3 Million UAH for Dividend Payments

Shareholders of PJSC “National Joint-Stock Insurance Company ‘Oranta’” (Kyiv) plan to allocate a portion of the undistributed profit for 2025, totaling 20.333 million UAH, for dividend payments.
According to the draft resolutions for the company’s shareholders’ meeting scheduled for September 11, 2026, which are posted on the NSSMC’s disclosure system, the meeting also plans to approve a dividend of 0.10 UAH per ordinary registered share and to stipulate that dividend payments will be made through the Ukrainian depository system in accordance with the procedure established by the supervisory board of NASK “Oranta.”
As previously reported, at the meeting on April 6, 2026, the company’s shareholders approved the allocation of a portion of the 2024 retained earnings, totaling 56.933 million UAH, for the payment of dividends.
In 2025, NASK “Oranta” collected gross insurance premiums totaling 3.73 billion UAH, which is 58% more than in 2024.
The company’s assets grew by 55% over the year—to 3.55 billion UAH; its financial result increased by 78%, to 279 million UAH; insurance reserves rose by 71%, to 2.32 billion UAH, corresponding to the volume of underwritten liabilities; and profit increased by 77.6%.
In 2025, “Oranta” paid nearly 380 million UAH in taxes and fees to the state budget and state funds.
PJSC “NASC ‘Oranta’” is the legal successor to Ukrderzhstrakh, founded on November 25, 1921, and has been conducting insurance activities in Ukraine for over 100 years.
Since 1994, the company has been a full member of the Motor Transport Insurance Bureau of Ukraine (MTIBU), and since 2003, a member of the Nuclear Insurance Pool. It holds a license to conduct insurance activities across 16 insurance classes.
The company employs over 3,000 experts who provide “full-cycle” services in both retail and corporate insurance.

 

Veles Insurance Company Plans to Change Its Name After Exiting Insurance Market

Insurance Company “Veles” (Odesa) plans to change its name to PJSC “Veles” and update its business activities, according to information submitted by the insurer to the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the information, the company’s shareholders plan to consider this matter at a meeting on September 15, 2026.
The company plans to remove the following from the list of economic activities it is authorized to conduct: insurance, risk assessment, and other auxiliary activities in the field of insurance and pension provision. And to include, in particular, consulting on commercial activities and management; brokerage services in the trade of timber, construction materials, and plumbing

fixtures; brokerage services in the trade of furniture, household goods, iron and other metal products; the leasing and operation of owned or leased real estate; legal services; the activities of head offices; and consulting on commercial activities and management.
As previously reported, the National Bank of Ukraine, by a decision dated July 29, 2026, revoked the company’s license to conduct insurance activities and removed it from the State Register of Financial Institutions based on a submitted application.

Insurance Company “Veles” holds a 0.01% market share in terms of insurance premiums and technical reserves.
It was previously reported that on May 14, 2026, the general meeting of shareholders of PJSC Insurance Company “Veles” approved a resolution on the company’s exit from the market and an exit plan.

According to the company’s financial statements, for the first three months of 2026, insurance premiums totaled 1.790 million UAH, technical reserves amounted to 4.501 million UAH, and no insurance claims were paid.
Insurance Company “Veles” has been operating in the market since 1998. It is a member of the “Insurance Business” association. Its authorized capital was 39 million UAH.

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“OKKO” Plans Second Phase of Bioethanol Plant with Capacity of 120,000 metric tons Per Year

Following the completion of construction of the first phase of its bioethanol plant with an annual capacity of 83,000 metric tons, the OKKO Group plans to build the second phase with an annual capacity of 120,000 metric tons, according to the group’s CEO, Vasyl Danyliak.

“We are first building the first phase of the plant with a capacity of 83,000 metric tons of bioethanol, and then we will expand capacity. And we want to produce 120,000 metric tons of bioethanol per year in the second phase,” Danilyak said on the Fedoriv vlog on YouTube.

He added that the group plans to consume 50% of the bioethanol it produces in the future and export the remaining 50% to European markets.

Citing the experience of bioethanol production in the U.S., he noted that the capacity of plants in that country is at least 1 million metric tons, which, he said, allows for “economies of scale.”

As reported in early July 2026, citing Vasyl Danylyak, CEO of the OKKO Group of Companies, the group had to postpone the full launch of its EUR110 million bioethanol plant from the third quarter of 2026 to the first quarter of 2027. Danylyak attributed this to delays in the manufacture of certain units.

He noted, however, that part of the facility—specifically, the storage area for finished products—has already been completed.

Danylyak also pointed out that the retail chain itself would not be able to consume all of the plant’s bioethanol—which has a design capacity of 83,000 metric tons—even if it were to add 10% bioethanol to gasoline on its own. At the time, he noted that the group would be able to consume up to 60% of the bioethanol production capacity.

The group planned to sell the remainder to other retail chains or export it.

Of the total investment in the plant during 2024–2026, amounting to EUR 110 million, EUR 35 million is the group’s own contribution, and EUR 75 million is debt financing. Of this amount, EUR 60 million was provided by the EBRD for a nine-year term, and another EUR 15 million by Raiffeisen Bank Ukraine for a seven-year term.

According to Danilyak, the plant’s annual capacity is 83,000 metric tons of bioethanol, 70,000 metric tons of animal feed, and 270,000 metric tons of corn processing.

OKKO Group brings together more than 10 diverse businesses in the fields of manufacturing, trade, construction, insurance, services, and other sectors. The group’s flagship company is the “Galnaftogaz” concern, which operates one of Ukraine’s largest gas station networks under the “OKKO” brand, comprising approximately 400 gas stations.

The group’s founder and ultimate beneficiary is Vitaliy Antonov.

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Eiffel Tower Will Be Lit Up in Colors of Ukrainian Flag for Independence Day

The Eiffel Tower in Paris will once again be lit up in blue and yellow on August 24, 2026, to mark Ukraine’s Independence Day, according to the Ukrainian Embassy in France.
According to the diplomatic mission, the embassy received confirmation of this from the Paris City Hall following its request. This year, Ukraine will celebrate the 35th anniversary of its independence.
“This year, the Eiffel Tower will once again be illuminated in the colors of the Ukrainian flag on Ukraine’s Independence Day,” the embassy stated, thanking the Paris City Hall for this symbol of solidarity with Ukraine.
Illuminating the Eiffel Tower in the colors of the Ukrainian flag has already become a traditional symbolic gesture by the French capital. In particular, on August 24, 2025, the Paris City Hall also illuminated the tower in blue and yellow to mark Ukraine’s Independence Day.
City officials noted at the time that the Eiffel Tower had been illuminated in Ukrainian colors on several symbolic dates since the start of the full-scale war.

 

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PlanetAvto Is Issuing 100 Mln Hryvnia in Bonds at Annual Interest Rate of 24%

The Ukrainian leasing company Avtokredit Plus LLC, operating under the PlanetAvto brand, launched an initial offering of Series C corporate bonds totaling 100 million UAH on August 17, according to company materials and the PFTS stock exchange.

The issue consists of 100,000 registered, interest-bearing, unsecured bonds with a par value of 1,000 UAH each. The initial offering is taking place through the PFTS from August 17 to August 31, 2026. The investment company “UNIVER Capital” is acting as the organizer and underwriter.
The coupon rate for the first four interest periods is set at 24% per annum in hryvnia, with interest payments made quarterly. For subsequent periods, the prospectus provides for the possibility of setting the rate within a range of 5–35% per annum, in accordance with the terms of the issue.

The maturity date of the bonds is set for August 11, 2031. The terms of the issue also provide for mandatory periodic redemptions by the issuer, giving bondholders the opportunity to exit their investment prior to final maturity in accordance with the dates specified in the prospectus.
The company plans to use the proceeds to expand its auto finance leasing programs in Ukraine. On its website, PlanetAvto notes that 100% of the proceeds from the offering are earmarked for these purposes.

This is the company’s third corporate bond issue. In 2018, “Avtokredit Plus” issued Series A bonds worth 50 million UAH, and in 2021, Series B bonds worth 100 million UAH. According to the issuer, both previous issues were redeemed on time and in full.
As of the end of 2025, Avtokredit Plus’s equity stood at 74.9 million UAH, total assets at 132.2 million UAH, and net income at 4.3 million UAH.

Following the completion of the initial public offering and the registration of the issuance report with the National Securities and Stock Market Commission, the company plans to list the bonds on the secondary market.
“Autocredit Plus” was registered in Dnipro in 2006 and specializes in financial leasing, the sale, and financing of automobiles. The company’s primary business activity is financial leasing.

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