Business news from Ukraine

Business news from Ukraine

September Fest will take place in Kyiv on September 18, organized by DMNTR Media Group

On September 18, let’s welcome the velvety autumn season together at September Fest — at A-Station, organized by DMNTR Media Group

Format: panels, discussions, interviews, art installations, jazz festival, concert, and wine tasting.

September Fest is the main urban festival this fall, similar in format to Munich’s Oktoberfest, combining architecture, culture, music, wine, and lively conversation under the open sky.

The event will feature a lecture and personal presentation of the new issue of DMNTR magazine with a personal autograph session!

Our partners include:

A-Development, Kreator Bud, RIEL, KAN, Metinvest, BGV development, Intergal Bud, ViYar, Saga Development, DIM, UDP, Stolitsa Group, Vlasne misto, ODA development, AVALON, TARYAN GROUP, Sen-Goben, and other key players in the industry.

September 18, 2025

A-Station, art space in the center of Kyiv

12:00 p.m. – 10:00 p.m.

1,500 guests expected

Registration at the link

Event program

Organizer: DMNTR Media Group

Interfax-Ukraine – information partner

Elvorti incurred loss of UAH 17.5 mln in first half of 2025, with revenue growing by 28%

Elvorti (Kropyvnytskyi), a manufacturer of sowing and soil cultivation equipment, ended the first half of 2025 with a loss of UAH 17.5 million, which is 2.9 times more than in the same period last year.
According to the company’s interim report published on Friday in the NSSMC’s information disclosure system, its net income in January-June increased by 27.8% to UAH 339 million.

Elvorti incurred a loss of UAH 7.4 million from operating activities, which is 3.4 times less than last year, while gross profit amounted to UAH 27.5 million compared to a loss of UAH 1.1 million in January-June 2024.
As reported, in the first quarter of this year, the company reduced its loss by 35% compared to the same period in 2024, to UAH 5.5 million, with net income growing by 53.6% to UAH 222.7 million.

Thus, in the second quarter, Elvorti incurred a loss of almost UAH 12 million, while in April-June 2024, net profit amounted to UAH 2.4 million, and net income decreased by 3.3% to UAH 116.3 million.
According to the report, in the second quarter, the company exported products worth UAH 25.1 million, with the main export markets being Eastern Europe and Central Asia (Kazakhstan, Kyrgyzstan).

In April-June, 125 seeders worth UAH 57.4 million, 52 cultivators worth UAH 10.1 million, 63 harrows worth UAH 16 million, seven sprayers worth UAH 9 million, and three construction and road machines worth UAH 8.2 million were manufactured.
The average selling prices of seed drills were UAH 548,200, cultivators – UAH 250,500, harrows – UAH 325,900, and sprayers – UAH 1.45 million.

Elvorti JSC, part of businessman Pavlo Shtutman’s Elvorti Group, specializes in the production of sowing and soil cultivation equipment: seeders for sowing grain and row crops, cultivators for continuous and inter-row soil cultivation, and disc harrows for resource-saving soil cultivation.

Last year, the company reduced its losses by more than three times compared to 2023, to UAH 27.6 million, with net income growing by 16.3% to UAH 570.5 million, and this year it plans to increase its revenue to UAH 712 million and break even.
As of June 30, the company employed 382 people.

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Educators Report Violations of Their Rights Due to Ministry of Education Initiatives

Educators and researchers report systemic violations of their rights as a result of several recent initiatives of the Ministry of Education and Science of Ukraine (MES), supported by the government. According to them, the changes threaten to increase the shortage of professional staff in technical and engineering fields.

“Postgraduates, higher education institutions in court proceedings, are forced to defend their legal and constitutional rights and freedoms, due to another attempt by the Cabinet of Ministers of Ukraine and the Ministry of Education and Science of Ukraine to reorganize educational processes and educational institutions, to reduce the number of universities and to introduce additional control measures not provided for by the laws and the Constitution of Ukraine, which leads to violations of the constitutional rights and freedoms of educators, scientists, children and youth, in that part which cannot be restricted during the legal regime of martial law, in accordance with the Constitution of Ukraine,” said postgraduate student, head of the charitable organization “Charitable Foundation ‘Change Our Lives’” Roman Serhiyenko at a press conference at the “Interfax-Ukraine” agency.

According to Serhiyenko, the adopted Resolution of the Cabinet of Ministers No. 426 of April 8 gave MES the right to amend the procedure for training applicants for the degree of Doctor of Philosophy and Doctor of Sciences. This creates grounds for the expulsion of postgraduate students even if they successfully fulfill their educational and research requirements.

“According to the response letters of MES No.1/8845-24 dated 20.05.2024 and the Ministry of Justice of Ukraine No.81631/C – 18859/7.2.4 dated 31.05.2024, these initiatives did not undergo legal and anti-discrimination examination of the Ministry of Justice of Ukraine and were returned by the Cabinet of Ministers of Ukraine to MES, as indicated in the response to the lawyer’s request No.1/16685-24 dated 13.09.2024, signed by Deputy Minister of Education and Science of Ukraine Mr. Vynnytskyi,” – the Serhiyenko press release states.

In addition to educators, members of parliament also opposed the reorganization, organizing the collection of signatures under a collective appeal to the Prime Minister demanding the cancellation of “changes aimed at depriving citizens of Ukraine of their constitutional rights and freedoms.”

The participants of the event called to:

  • ban the reorganization and liquidation of educational institutions for at least three years after the end of the war/martial law;

  • ban the transfer of educational institutions for lease as a single property complex;

  • ban the sale of property of educational institutions;

  • change the conditions of the competition for the position of head of an educational institution and limit the term of holding the position.

The press conference was also attended by: head of the Council of Higher Education Applicants, Doctor of Philosophy of NTU “Dnipro Polytechnic” Yelyzaveta Bodriaho; teacher of professional-theoretical training of the State Vocational School “Higher Vocational School No.8 in Stryi” Anatolii Kryvosheiev; head of the legal department of Tavria National University named after V. I. Vernadskyi, Vadym Rykov.

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Global European survey revealed low levels of awareness about EU and enlargement.

According to a special Eurobarometer survey published on September 2, 2025, conducted in candidate and potential candidate countries, citizens’ awareness of the European Union and enlargement policy remains extremely low, reports the Serbian Economist Telegram channel.

Only 48% of Moldovans and 39% of Montenegrins said they felt well or very well informed about the EU. At the same time, awareness levels are only 23% in Ukraine and just 20% in Serbia.

This highlights the need for more active and localized EU communication campaigns to explain the benefits and conditions of membership.

The study was conducted as part of the Special Eurobarometer and Perception Surveys commissioned by the European Commission. Thousands of respondents in EU and candidate countries were surveyed using a standardized face-to-face or online questionnaire, depending on the country. The aim was to identify the level of support for enlargement, perceptions of the EU, and the degree of awareness among citizens.

Source: https://t.me/relocationrs

Dniprometiz-TAS has agreed loan agreement with Ukreximbank for UAH 600 mln

Dniprometiz-TAS LLC (Dnipro), owned by Ukrainian businessman Serhiy Tihipko, intends to conclude a general loan agreement with Ukreximbank (Kyiv) with a credit limit equivalent to UAH 600 million.

According to the company’s report in the NSSMC’s information disclosure system, the general meeting of Dniprometiz-TAS LLC participants on September 4, 2025, decided to grant consent for the company to perform transactions that collectively meet the criteria of a significant transaction, namely, the conclusion of a general credit agreement with JSC Ukreximbank with a credit transaction limit equivalent to UAH 600 million.

It is specified that within the framework of the general credit agreement, it is planned to conclude two credit agreements: on opening a revolving multi-currency credit line with a limit equivalent to EUR 4.1 million and on opening a non-revolving credit line with a limit of EUR 2.5 million.

Consent was also given to the general agreement on the provision of guarantees/counter-guarantees/standby letters of credit, with a limit on guarantee transactions equivalent to UAH 30 million, i.e., a total amount (limit) equivalent to UAH 630 million.
The meeting was attended by company participants who collectively hold 100% of the votes.

As reported, in the first half of 2025, Dniprometiz-TAS increased its net profit by 20.8% compared to the same period last year, to UAH 8.936 million, while net income grew by 8%, to UAH 1 billion 756.245 million.

In 2024, Dniprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, and its net income by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s undistributed profit at the end of 2024 amounted to UAH 263.048 million.

Dniprometiz-TAS manufactures metal products from low-carbon steels. The company’s capacity is 120,000 tons of products per year.
T.A.S. Overseas Investments Limited (Cyprus) owns a 98.6578% stake in Dniprometiz LLC.

The authorized capital of Dniprometiz-TAS LLC is UAH 83.480 million.

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IMK increased its net profit by 39%

In January-June 2025, the IMC agricultural holding company received a net profit of $51.4 million, which is 39% more than in the same period last year ($21.5 million), according to a report published on the agricultural holding company’s website.

According to the financial statements, operating profit doubled to $54.7 million, and EBITDA rose 72% to $64.7 million. At the same time, revenue decreased by 22% to $83.9 million. Cost of sales decreased by 20% to $66.4 million, and selling expenses more than doubled (-58%).

The revenue structure in the first half of the year by crop was as follows: corn — $82.1 million (+25% y/y), sunflower — $0.9 million (-94% y/y), wheat — $0.5 million (-98% y/y), other crops – $0.5 million (-33% y/y). Thus, corn accounted for over 97% of the company’s revenue.

Profit before tax amounted to $52.3 million (+142% y/y).

IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehouses segments. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is 864,000 tons.

IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue grew by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

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