Business news from Ukraine

Business news from Ukraine

“Donbasenergo” to Hold Shareholders’ Meeting on May 28

According to Fixygen, PJSC “Donbasenergo” has scheduled a general meeting of shareholders for May 28, 2026, as indicated in a filing with the SMIDA disclosure system.

The meeting will be held remotely.

PJSC “Donbasenergo” is registered in Kramatorsk, Donetsk Oblast, with EDRPOU code 23343582. According to OpenDataBot, the company was registered on August 26, 1998, and its authorized capital is UAH 236.443 million. Its primary activity is electricity generation.

According to YouControl, the company’s ultimate beneficial owners include Oleg Viktorovich Larionov, Valentina Borisovna Marchenko, Artem Alexandrovich Goryanin, and Tatyana Mikhailovna Babina.

“Donbasenergo” is one of Ukraine’s power-generating companies, historically linked to thermal power generation in the Donbas region. Since the start of the full-scale war, the operations of Ukraine’s energy companies have been affected by infrastructure damage, restrictions in fuel markets, and the need to maintain the stability of the power grid.

https://www.fixygen.ua/news/20260522/donbasenergo-28-travnya-provede-zbori-aktsioneriv.html

 

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PrivatBank plans to purchase another 800 ATMs in 2026

PrivatBank, Ukraine’s largest state-owned bank, purchased 1,200 ATMs in 2025 for 1 billion hryvnia and plans to buy another 800 this year, said Dmytro Musienko, a member of the board responsible for retail business, at a press conference.

“We would like to replace all the old ATMs, which have already been fully depreciated, with new ones where you can both withdraw and deposit cash. This will be a very modern infrastructure to support Ukrainians,” he noted.

According to the bank’s presentation, as of the end of the first quarter of 2026, it had 7,401 ATMs and 9,867 self-service terminals, as well as 1,053 branches and 345,390 POS terminals.

“When the war began, we had huge lines at ATMs as people were stressed and wanted to withdraw money… The current situation is different, but the infrastructure is still very important. We maintain physical infrastructure across the country, and that costs money,” Musienko emphasized.

According to him, along with dividends to the state, such investments in resilience during outages, cybersecurity, and cloud services are the reason why the bank, unlike some of its competitors, is forced to maintain fees.

“We are aware of the issue with fees and our customers’ concerns, and we will try to resolve it, but it’s not a very simple matter… Nevertheless, we will reduce some fees. By mid-summer or at least early fall, we will see a new product that we want to launch. We will reduce fees on some products,” noted the board member responsible for retail business.

According to NBU data as of March 1, 2026, there are a total of 15,570 ATMs and 22,401 self-service terminals in Ukraine, as well as 552,260 point-of-sale terminals.

Musienko emphasized that PrivatBank will continue to invest in its POS terminal network, where it holds a 60% market share.

As for branches, he said the bank has no plans to reduce their number.

“Of course, we are carrying out a certain restructuring of our branch network, but still, as a state-owned bank, we need to support Ukrainians across the country, even near the front lines, and we are very cautious when discussing the possibility of closing some branches,” the banker noted.

PrivatBank is Ukraine’s largest bank. According to the National Bank, the financial institution’s total assets as of March 1, 2026, amounted to 963.77 billion UAH (23.0% of the total).

In the first quarter of 2026, PrivatBank increased its net interest income by 21% to 22.3 billion UAH, but reduced its net fee and commission income by 5% to 6.3 billion UAH. Its pre-tax profit rose by 16% to UAH 25.9 billion, while net profit amounted to UAH 12.8 billion, which is 24.3% less than in the first quarter of last year, when the corporate income tax rate was 25% compared to the 50% rate to which it was raised starting in 2026.

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North Macedonia plans to launch high-speed railway from Serbia to Greece by 2031

According to Serbian Economist, North Macedonia plans to build a high-speed railway from the border with Serbia to the border with Greece by 2031, which should integrate the country into the new Athens–Thessaloniki–Skopje–Belgrade–Budapest–Vienna transport corridor. The project is of direct importance to Serbia, as its effectiveness depends on the modernization of the Serbian sections between Belgrade and Niš and the future Niš–Skopje route.

North Macedonia’s Deputy Prime Minister and Minister of Transport, Aleksandar Nikolovski, stated in an interview with MIA that Skopje plans to build a line “from border to border,” that is, from the border with Serbia to the border with Greece.

This involves the development of Railway Corridor 10, which is intended to connect Greek ports and North Macedonia with Serbia, Hungary, Austria, and onward to Central Europe. Nikoloski stated that the goal of the project is to build a high-speed railway from Athens through Thessaloniki and Skopje northward to Belgrade, Budapest, and Vienna, which will “completely transform the structure of the economy and business” in the region.

According to the North Macedonian Ministry of Transport, the project is set to become one of the largest infrastructure projects in Southeast Europe. Nikoloski previously stated that passenger trains on the future line should travel at speeds of up to 250 km/h, and freight trains at up to 140 km/h, with 750-meter-long freight trains compliant with European standards being a key feature.

The cost of the Macedonian section is estimated at approximately EUR2 billion.

The project is currently in the preparatory stage. According to Nikoloski, the most suitable route has been selected from several options, and planning, geotechnical studies, and an environmental impact assessment are currently underway. The new route is expected to be approximately 35 km shorter than the existing one, which is particularly important for freight transit between Greek ports and Central Europe.

The Serbian component is key to the entire scheme. If North Macedonia connects its borders with Greece and Serbia but the Serbian section is not modernized, the project’s impact will be limited.

Therefore, Belgrade–Niš–Skopje is becoming the central missing link in the vertical transport corridor from the Aegean Sea to Central Europe.

Serbia is already modernizing the Belgrade–Niš railway. The EUR 2.2 billion financial package from the EU, EIB, and EBRD provides for the upgrade of the line to allow trains to travel at speeds of up to 200 km/h. The package includes an EU grant of up to EUR 598 million, an EIB loan of EUR 1.1 billion, and an EBRD loan of EUR 550 million.

In the northern part of the route, the Belgrade–Budapest section is already under development. The Serbian section of the Belgrade–Novi Sad line was opened earlier, and the further connection to Hungary is set to become part of the broader Budapest–Belgrade–Skopje–Athens corridor. However, the launch of service along the entire line to Budapest depends on the readiness of the Hungarian section and technical certification.

For Serbia, the new Macedonian project opens up an important economic prospect. If the entire Athens/Piraeus–Thessaloniki–Skopje–Niš–Belgrade–Budapest–Vienna corridor is modernized, Serbia could strengthen its role as a transit and logistics hub between Europe’s southern ports and Central European markets.

https://t.me/relocationrs/2858

 

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Traffic accidents caused by poor road conditions in Ukraine have dropped by nearly third

According to the Patrol Police Department, over 330 traffic accidents caused by poor road conditions were recorded in Ukraine in 2025. This is nearly a third fewer than in 2024. The highest number of such accidents was recorded in Lviv, Kyiv, and Ternopil regions.

Last year, police in Ukraine recorded 332 traffic accidents caused by poor road conditions. This is a third fewer than in 2024, when a record number of 475 accidents was recorded since the start of the full-scale conflict. For comparison, the previous record was in 2021: at that time, 849 traffic accidents occurred due to poor road conditions.

The highest number of such accidents is traditionally recorded in the Lviv region—72 traffic accidents. At the same time, the situation here has improved: over the year, the number of such cases decreased by 31%, and compared to 2021—by more than half.

Kyiv consistently holds second place—63 traffic accidents due to violations of road and street maintenance regulations. Unlike Lviv Oblast, the situation here has worsened slightly: compared to 2024, the number of such accidents increased by 17%. At the same time, the figure is still significantly lower than before the full-scale invasion.

Rounding out this year’s bottom three is Ternopil Oblast, where police recorded 29 accidents due to poor road conditions. Over the year, the number of accidents here has increased by 16%. In total, these three regions account for half of all such accidents.

What to do in the event of an accident caused by poor road conditions?

If your car is damaged due to a pothole or poor road conditions, the most important thing is to properly document the accident and gather evidence. First, you need to stop, turn on your hazard lights, set up a warning triangle, and call the police.

While the police are on their way, you should document everything yourself as much as possible: take photos and videos of the pothole, the damage to the car, and any road signs or their absence. It is also advisable to find witnesses and record their contact information.

The police must inspect the accident scene, draw up a diagram of the accident, and record all circumstances in the report. It is important that the documents specifically mention the poor condition of the road. Law enforcement officers must also determine which agency is responsible for that section of the road and issue a report against the responsible officials under Article 140 of the Code of Administrative Offenses.

After that, the driver needs to assess the damages. To do this, they should contact an independent appraiser, who will prepare an official report on the cost of repairs and the amount of damages incurred.

Next, the collected documents—the police report, photos, videos, and the appraiser’s conclusion—must be sent to the organization responsible for road maintenance, with a demand for compensation for the damages. If compensation is not provided voluntarily, the driver may file a lawsuit.

At the same time, it is important that the driver does not violate traffic rules themselves. If the police determine that the accident occurred due to speeding or inattention, the driver may be issued a citation, and the court may fine them or even temporarily revoke their driver’s license.

https://opendatabot.ua/analytics/dtp-bad-roads-2026

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On average, 1,900 sole proprietorships are established by foreigners each year

As of mid-May 2026, nearly 22,000 sole proprietorships owned by foreign nationals were registered in Ukraine, according to the Unified State Register. One in four foreign-owned sole proprietorships operates in Kyiv. Nearly one-third of all sole proprietorships owned by foreign nationals are engaged in retail trade. One in five foreign-owned sole proprietorships is owned by a Russian citizen.

In total, there are currently 21,967 entrepreneurs with foreign citizenship in Ukraine. On average, 1,896 cases involving citizens of other countries are opened annually since the start of the full-scale conflict.

We track small business trends on the OpenDataBot FOPonomics page.

One in four of them is registered in Kyiv: 5,216. The Kharkiv region ranks second with 3,506 entrepreneurs, and the Odesa region ranks third with 3,295 sole proprietors. These three regions account for nearly 55% of all foreigners who have started a business in Ukraine.

The largest group among entrepreneurs consists of citizens of the Russian Federation—one in five foreign entrepreneurs (4,593). They are followed by citizens of Vietnam (1,994), Azerbaijan (1,635), Uzbekistan (1,469), and Moldova (1,118).

In total, nearly half of all foreigners with their own businesses come from these five countries.

Most often, foreigners in Ukraine work in the retail sector—6,346 sole proprietors. Warehousing (2,746), wholesale trade (1,732), HoReCa (1,703), and the IT sector (1,624) also remain popular.

https://opendatabot.ua/analytics/fops-foreigners-2026

Housing prices in Ukraine rose by 17.2% in first quarter

The housing price index in Ukraine for January–March 2026 stands at 117.2%, compared to 111.2% for the same period in 2025, according to the State Statistics Service (SSS).

According to its data, in the primary market, prices for housing accelerated their growth to 17.3% in the first quarter of 2026, compared to 14.8% in the first quarter of last year. At the same time, apartments in the primary market rose in price by 17.3%, and single-family homes by 16.4%.

In the secondary market, prices accelerated their growth to 17.1% in January–March 2026, compared to 9.3% during the same period in 2025. Specifically, apartment prices rose by 17.9%, while house prices rose by 15.4%.

According to the statistics agency, compared to the previous quarter, housing prices rose by 6.1%, with a 4.8% increase in the primary market and a 6.6% increase in the secondary market.

In the first quarter, apartment prices in the primary market rose by 4.2% compared to the previous quarter, while house prices rose by 7.5%. In the secondary market, prices rose by 5.9% and 7.8%, respectively, the State Statistics Service noted.

The State Statistics Service also compared current price figures with the annual averages for 2019. Thus, in the first quarter of 2026, prices for housing rose by 132.3%.

According to the State Statistics Service, housing prices rose by 12.8% in 2025 and by 12.7% in 2024.

As reported, an updated methodology for the state statistical survey “Changes in Housing Market Prices” has been in effect since the first quarter of 2026, which the State Statistics Service approved to comply with the requirements of European Commission (EU) Regulation 2025/1182 of June 17, 2025.

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