Business news from Ukraine

Business news from Ukraine

Rozdilsky Ceramic Plant reduced its profit by 17% in 2024

Ceramic brick manufacturer Rozdilsky Ceramic Plant (Rozdil, Lviv region) reduced its net profit by 17% compared to the previous year to UAH 5.39 million in 2024.

According to the company’s annual report, published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its net income increased by 21.6% and reached UAH 99.7 million.

The PJSC’s undistributed profit at the end of 2024 amounted to UAH 4 million. The company’s current liabilities increased by 14.9% compared to 2023, to UAH 318.8 million, while there are no long-term liabilities. The value of assets at the end of 2024 grew by 15.4% and amounted to UAH 350.9 million.

As noted in the report, in 2024, Rozdilsky Ceramic Plant produced 14.2 thousand units of various types of bricks. At the same time, due to a decrease in brick consumption in the domestic market, rising energy prices, and power outages, the company only produced products for six months.

The total volume of the company’s exports last year amounted to UAH 23.8 million, or 18.53% of the company’s total sales. The plant supplied products to Romania and Moldova.

It is noted that the company does not plan to make significant investments in 2025 due to a shortage of funds and the high cost of credit resources.

Rozdilsky Ceramic Plant PJSC was registered in 2005. The company produces clinker and facing bricks under the Euroton trademark.

According to the National Securities and Stock Market Commission, as of the first quarter of 2025, 99.9% of the company’s shares are owned by Promquet Holdings Limited of Cyprus. According to Opendatabot, the ultimate beneficiaries are the co-owners of the Kontinium group, Sofia and Roman Yeremeyev, Stepan Ivakhiv, and Serhiy Lagur.

 

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China’s foreign exchange reserves increased by another $30 billion in August

China’s foreign exchange reserves, the world’s largest, increased by $29.9 billion (0.9%) in August compared to the previous month and amounted to $3.322 trillion, the People’s Bank of China said in a statement. That’s the most since December 2015.

The yuan appreciated 0.9% against the U.S. currency last month. Meanwhile, the U.S. dollar fell 2.2% against a basket of major world currencies.

Gold reserves stood at 74.02 million ounces at the end of August, up from 73.96 million ounces a month earlier. The Chinese Central Bank bought precious metal for the tenth month in a row. In value terms, gold reserves reached $253.84 billion against $243.99 billion at the end of July.

The Chinese economy continues to maintain stable growth, showing resilience and vitality, which helps to keep the country’s foreign exchange reserves at a stable level, said the State Administration of Foreign Exchange Control of the People’s Republic of China.

 

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Corteva Agriscience increased net sales in Ukraine by more than 10%

In January-June 2025, Corteva Agriscience, an international agricultural science and technology company, increased its net sales in Ukraine by more than 10% compared to the first half of last year and became the leader in terms of absolute sales volumes among countries in Central and Eastern Europe, the company’s press service reported.

“These results are the result of the coordinated work of the Ukrainian team, which continues to provide farmers with modern solutions adapted to today’s challenges. At the same time, they demonstrate that Ukrainian farmers, despite the difficult conditions of war, are actively investing in productive and innovative technologies to develop their production,” the company emphasized.

Corteva Agriscience specified that in January-June 2025, net revenues from the sale of Pioneer® brand corn and sunflower seeds increased by more than 13% compared to the same period in 2024. The plant protection segment also recorded an increase in sales revenues of more than 5%.

“Ukrainian farmers continue to impress the world with their resilience and determination. Despite climate challenges, instability, and difficult conditions, they do not stop — they plan, sow, and work. At Corteva, we are honored to be there for them during these difficult times and are proud that Ukrainian farmers are increasingly choosing our innovative and effective solutions that support their efforts and help ensure food security for the country and the world,” said Alexander Dmitriev, head of Corteva Agriscience in Ukraine.

Corteva Agriscience is a global agricultural company. It offers comprehensive solutions to maximize crop yields and profitability. It has more than 150 research facilities and more than 65 active ingredients in its portfolio. Its representative office in Ukraine includes a central office in Kyiv, a research and development center in the village of Lyubartsi (Kyiv region), and a seed production complex in the village of Stasi (Poltava region).

In April 2022, the company decided to leave the Russian market due to the full-scale war unleashed by the Russian Federation against Ukraine.

Since 2022, Corteva has allocated more than $2 million to help those affected, donated thousands of seed units to farmers working near the front line, launched a soil testing program to ensure safe crop cultivation despite war-related contamination, and provided 350 rural women with training and grants through the TalentA program.

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Luxembourg will be most expensive country in Europe to buy new apartment in 2025

Consulting firm Deloitte has published the 14th edition of its Property Index 2025 report on European housing markets. The study covers 28 countries. Deloitte

The most expensive country to buy a new apartment in 2025 is Luxembourg (€8,760/m² on average); Tel Aviv leads among cities at €13,970/m². Prices rose fastest over the year in Krakow (+28.1%), Jerusalem (+25.2%), as well as Tirana and Vlora (both +25.0%).

Ukraine was not included in this study.

Ukrnafta’s net profit for first half of 2025 amounted to UAH 5.2 bln

In the first half of 2025, Ukrnafta JSC earned a net profit of UAH 5.2 billion.
The results of the company’s operations are included in the condensed consolidated interim financial statements of NJSC Naftogaz of Ukraine for the six months ended June 30, 2025. The review of these statements is conducted by KPMG. As part of the audit, KPMG Audit performed procedures to review the financial information of Ukrnafta.

During the same period, Ukrnafta paid UAH 14.8 billion in taxes, duties and customs payments to the state budget and transferred UAH 5 billion in dividends.

Since the company was taken over by the state in 2022, a total of UAH 68.1 billion of taxes, duties and customs payments and UAH 15.3 billion of dividends have been paid.

“Despite the challenging security situation and all the related difficulties, Ukrnafta continues to work effectively for the energy sustainability of our country. I am grateful for the support and constructive decisions of our shareholders – Naftogaz of Ukraine and the Ministry of Defense of Ukraine, the Supervisory Board, the Government and our partners. Special thanks to the entire team of more than 20,000 employees for their diligent and efficient daily work,” said Yuriy Tkachuk, Acting Chairman of the Executive Board of Ukrnafta.

 

Vodafone Ukraine increases Eurobond buyback volume to $5.12 mln

Ukraine’s second-largest mobile operator, VF Ukraine (Vodafone Ukraine, VFU), which has bought back nearly $7 million worth of its own Eurobonds since the end of May as a result of three offers in connection with dividend payments, has announced an increase in the repurchase amount in the fourth such tender by $1.17 million to $5.12 million.

In a statement to the Irish Stock Exchange, the company noted that this is due to the company’s fifth monthly dividend payment of UAH 48.47 million, or about EUR 1 million.

Earlier, at the end of August, Vodafone Ukraine increased the redemption price from 85% to 90% of the nominal value and extended the deadline for accepting applications from August 28 to September 11, with settlements now planned for approximately September 18.

The first two times, Vodafone Ukraine redeemed bonds for an amount equivalent to EUR 1 million. The debut redemption was announced at a price of 99% of the nominal value, the second at 90% of the nominal value. The company did not announce the results of the second buyback on the stock exchange, while the scaling factor for the first buyback was 0.0040355668.

According to the results of the third tender, where the redemption price was reduced to 85% of the nominal value and the offer was limited to $4.67 million, Vodafone Ukraine received bids for $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. After the cancellation of the redeemed bonds, the total nominal value of the bonds remaining in circulation is $292.532 million.

The redemption of Eurobonds is related to the fact that on April 24, 2025, VFU announced the payment of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. According to the restrictions of the National Bank, they will be paid in separate monthly dividend payments. Each such monthly dividend is expected to amount to UAH 1 million. The company emphasized that under the terms of the bond issue, in this case, it must offer all bondholders to submit an application for their sale for an amount equal to the amount of dividends paid outside Ukraine.

As reported, VFU reduced its net profit by 13% in the first half of 2025 compared to the same period last year, to UAH 1.705 billion, while its revenue grew by 15%, to UAH 13.518 billion.

 

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