Business news from Ukraine

Business news from Ukraine

Metinvest’s tax payments in Ukraine totaled 4.3 bln hryvnia in January–March

The mining and metallurgical group Metinvest, including its associated companies and joint ventures, paid UAH 4.3 billion to budgets at all levels in Ukraine in January-March of this year, compared to UAH 4.4 billion for the same period in 2025.

According to the company’s press release on Monday, the top three categories by volume of payments were subsoil use fees, amounting to 1.2 billion UAH; the unified social contribution, totaling 823 million UAH; and 727 million UAH in personal income tax.

In addition, Metinvest’s Ukrainian enterprises paid UAH 351 million in corporate income tax, UAH 328 million in land use fees, UAH 331 million in value-added tax, and UAH 207 million in military tax during January–March 2026. At the same time, the environmental tax increased by 15% compared to the first quarter of 2025, reaching UAH 190 million.

As reported, in 2025, Metinvest paid UAH 18.7 billion in taxes and levies to budgets at all levels in Ukraine. In total, over more than four years of full-scale invasion, including the first quarter of 2026, the group has contributed approximately UAH 78 billion to support the country’s economy.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in the European Union, the United Kingdom, and the United States. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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“Ukrnafta” transferred 8.86 bln UAH to budget in first quarter

“Ukrnafta” paid 8.86 billion UAH in taxes, fees, and customs duties to the state budget in the first quarter of 2026.

“In total, since the company came under state management, the amount of taxes, fees, and customs duties paid for 2023–2026 has exceeded UAH 106 billion,” noted Bohdan Kukura, Chairman of the Board of JSC Ukrnafta. “This is the company’s systematic contribution to supporting the economy and financing the state’s needs, particularly those of the Armed Forces. I thank the team for their consistent work and results.”

As of the end of 2025, Ukrnafta, as part of the Naftogaz Group, paid 28.8 billion UAH in taxes and fees to the state budget.

JSC “Ukrnafta” is Ukraine’s largest oil producer and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company entered into an asset management agreement with Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates nearly 700 gas stations.

The company is implementing a comprehensive program to resume operations and modernize the format of gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.

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Naftogaz Transferred Nearly 20 Bln UAH in Taxes to State Budget

The Naftogaz Group paid 21.739 billion UAH in taxes to budgets at all levels in January–March 2026, the company reported on Wednesday.

Of this amount, 19.7 billion UAH went to the state budget, and over 2 billion UAH to local budgets.

“Despite widespread destruction and constant Russian attacks on oil, gas, and energy infrastructure, Naftogaz remains a reliable taxpayer to the state budget,” said Serhiy Koretskyi, Chairman of the Board of NJSC Naftogaz of Ukraine.

The company added that the Naftogaz Group remains one of the largest taxpayers in Ukraine.

As reported, Naftogaz Group companies paid 44.4 billion hryvnias in taxes during the first six months of 2025, of which 40.7 billion hryvnias went to the state budget.

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“Cherkasyoblenergo” has announced tender for compulsory motor third-party liability insurance with budget of 3.4 mln UAH

On April 9, PJSC ‘Cherkasyoblenergo’ announced a tender for compulsory motor third-party liability insurance for trolleybuses, according to the “Prozorro” electronic public procurement system .

As noted, the expected cost of purchasing insurance services is 3.364 million UAH.

The deadline for submitting bids is April 17.

The winner of a similar tender a year earlier was “UPSK.”

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Grants brought in 173.1 bln UAH to budget for quarter

A significant portion of the increase in general fund revenue for the state budget in January–March 2026 is attributable to international aid in the form of grants totaling 173.1 billion UAH, the Ministry of Finance reported.

However, in March, the volume of grants fell to 8.8 billion UAH after 62.9 billion UAH in February and 101.4 billion UAH in January, whereas in March of last year, grants amounted to 97.8 billion UAH. Against the backdrop of lower grants, general fund revenues in March fell by 16.6% to 267.7 billion hryvnia, although total budget revenues for the month rose by 0.9% to 392.6 billion hryvnia.

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“eFishing” has generated nearly 170 mln UAH in additional revenue for budget

The implementation of digitalization in the fisheries sector, specifically the “eFishing” system, has generated approximately 170 million UAH in additional revenue for Ukraine’s state budget, according to Oleksandr Haidu, Chairman of the Verkhovna Rada Committee on Agrarian and Land Policy.

“Starting in 2022, a systemic reform is being implemented in the sector aimed at creating a transparent and competitive fisheries market,” he emphasized during the industry forum “Fisheries of Ukraine: On the Path to European Integration,” organized by the State Agency for Fisheries.

According to the committee head, the reform involves the adoption of European standards, the digitization of resource management, and the introduction of electronic auctions for commercial fishing rights. These steps will help minimize corruption risks and increase the sector’s investment appeal.

Forum participants also discussed the implementation of the pilot project “eInspector.” This initiative aims to modernize the work of fisheries patrols and strengthen control over the use of aquatic biological resources. Special attention was given to legislative initiatives regarding the development of aquaculture and the adaptation of Ukrainian law to EU standards.

The “eFisheries” system is part of a broader digital transformation of Ukraine’s agro-industrial complex, aimed at transitioning all administrative services in the sector to an electronic format.

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