Business news from Ukraine

Business news from Ukraine

Ukrposhta has put 20 real estate properties up for auction for over UAH 200 mln

The national postal operator Ukrposhta has launched auctions for the sale of 20 unused real estate properties with a total area of 32,800 square meters, with a starting price of over UAH 200 million, the company’s CEO Ihor Smelyansky announced on Thursday.

According to his Telegram post, the properties listed on the Prozorro.Prozori platform range from a small building in a village in Zakarpattia to a 5,600-square-meter sorting center in Lviv.

The head of the company expects profits from the sale in the tens of millions of hryvnia, which will go towards investments, as well as savings on the maintenance of these properties and tax payments of over UAH 3 million.

“The funds received from the sale, in accordance with the decision of the shareholder of Ukrposhta, the Ministry of Community and Territorial Development, will be immediately directed to investments in fixed assets,” Smelyansky said.

The CEO of Ukrposhta specified that the sorting center, which was built in the 1920s in the very center of Lviv near the railway station, has a starting price for investors of UAH 56.9 million.

The day before, Ukrposhta also completed the second auction on Prozorro.Prozori for the sale of 716 units of decommissioned transport, receiving UAH 9 million, and is preparing to start the final sale of about 250 more vehicles.

In the fourth quarter of 2025, Ukrposhta received a net profit of UAH 257.9 million, which exceeded the figure for the same period in 2024 by 69.2% due to additional income from the sale of the company’s property, which amounted to UAH 168 million.

The national postal operator increased its revenue in the fourth quarter by UAH 10.7 million compared to the same period in 2024, to UAH 3 billion 601.6 million.

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Land Bank puts 21 plots of land for orchards in six regions up for auction

The Land Bank project has put 21 plots of land in six regions of Ukraine up for sublease auction in the Prozorro.Prozori system for the establishment of perennial plantations, the project announced on Facebook.

According to the announcement, the sublease term for the proposed plots for planting orchards is 25 years, and their areas range from 0.14 hectares to 91.40 hectares.

The largest number of lots is in the Zakarpattia region — 10 plots ranging in size from 0.40 to 26.87 hectares. Bidding will begin on February 27.

In the Mykolaiv region, five plots are offered for sublease, one of which is the largest lot for planting a garden (from 17.58 to 91.40 hectares, auctions from March 11). In the Poltava region, three plots ranging in size from 3.61 to 21.80 hectares are offered for sublease (auctions on March 12 and 18). One plot each is offered in the Sumy (27.74 hectares, March 13), Kyiv (2.26 hectares, March 23), and Dnipropetrovsk (0.14 hectares, March 6) regions.

As reported, since its launch on October 1, 2024, the Land Bank project has sold more than 60,700 hectares of state-owned land in 19 regions of Ukraine at auction, of which 57,400 hectares have already been transferred to farmers for use.

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Ukrzaliznytsia to auction 300 grain cars on February 20

The Transport Logistics Center (TLC) branch of Ukrzaliznytsia (UZ) will hold regular auctions on February 20 in the Prozorro.Prozori system for the distribution of grain cars at the end of February – beginning of March 2026, the company’s press service reported.

According to the report, 300 grain cars will be put up for auction. The lots are formed as follows: 20 lots of 5 cars, 10 lots of 10 cars, and two large lots of 50 cars, which can be used for both route and carload shipments.

The auction will be held in the format of an English auction (price increase – IF-U). The initial rate for the use of a car is UAH 2,000/day (excluding VAT).

The period for providing cars for loading is from February 25 to March 5, 2026. The unloading area is not limited, but loading from stations where conventional prohibitions are in force is prohibited.

Ukrzaliznytsia emphasized that from the third decade of February, priority in providing cars will be given to applications purchased through Prozorro.Sales. Regular applications will be satisfied on a residual basis.

As reported, Ukrzaliznytsia has intensified auction sales due to increased demand for freight transportation in the agricultural sector.

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Ukrposhta sold 716 decommissioned vehicles at auction for UAH 9 mln

The national postal operator Ukrposhta has completed its second auction on Prozorro.Prozori, selling 716 decommissioned vehicles for UAH 9 million, and is preparing to sell another 250 cars, according to the company’s CEO, Ihor Smelyansky.

“In exchange for this ‘loss’, Ukrposhta received UAH 9 million. It also received thousands of square meters of free space and millions of hryvnias, which it will now save on storage, accounting, and maintenance of these cars,” Smelyansky wrote on Telegram on Monday.

According to him, 716 units of obsolete equipment were sold, ranging from a 1979 GAZ-52 from Poltava to a Volvo FH12 truck. The average mileage of each vehicle put up for auction was about 470,000 km, and the physical wear and tear of the fleet reached 96%.

In addition, it is noted that some of the vehicles were purchased by organizations and will be used for spare parts for the needs of the army and volunteer initiatives.

In the fourth quarter of 2025, Ukrposhta received a net profit of UAH 257.9 million, which exceeded the figure for the same period in 2024 by 69.2% due to additional income from the sale of the company’s property, which amounted to UAH 168 million.

The national postal operator increased its revenue in the fourth quarter by UAH 10.7 million compared to the same period in 2024, to UAH 3 billion 601.6 million.

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Christie’s auction sold Michelangelo’s drawing for $27.2 mln

A previously unknown drawing by Michelangelo was sold at Christie’s auction for $27.2 million, setting a new record for the master’s works.

According to Christie’s press release, the small sketch, depicting a foot, was done in red chalk and dates from 1511-1512. The drawing was estimated to be worth $1.5-2 million before the auction.

The owner of the drawing sent a photograph for a preliminary appraisal, unaware that the work belonged to Michelangelo. An auction house expert identified it as a sketch of the right foot of the Libyan Sibyl, one of the key figures depicted on the ceiling of the Sistine Chapel in the Vatican.

It is noted that the drawing is the only previously unregistered sketch for the Sistine Chapel frescoes ever to be offered at auction. Art historians are aware of about 10 drawings by Michelangelo, all of which are in private collections.

The lot was part of Christie’s auction dedicated to drawings by “old masters” and British painting, which also included works by Rembrandt, Titian, and William Blake.

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Public and commercial center in Mykolaiv is up for auction with starting price of over UAH 103 mln

A public and commercial center with a total area of 9,924.5 square meters, located in Mykolaiv on Heroes of Ukraine Avenue, has been put up for sale on the OpenMarket electronic auction after being seized by a private enforcement agent. The public and commercial center.

“Such properties can become important points of economic recovery. The open auction format creates competitive conditions for attracting investors and the further effective use of commercial real estate,” said Roman Osadchuk, CEO of SETAM.

The auction is scheduled for February 5, 2026, with a starting price of UAH 103.3 million, including VAT.

The property includes two full floors, a superstructure, and a large number of retail, administrative, warehouse, and technical premises. The building is equipped with engineering networks, an autonomous boiler room, water and electricity supply systems, ventilation, and has significant space for tenants.

The design and layout allow the property to be used as a shopping and entertainment center, logistics or service complex, business hub, or multifunctional commercial space.

The OpenMarket electronic auction has been operating in Ukraine since 2014 and is a convenient tool for purchasing and selling property online. In total, assets worth over UAH 26.7 billion have already been sold through the system.

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