Business news from Ukraine

Business news from Ukraine

“TerA” shareholders to allocate 46.6 mln UAH in profits toward development

Shareholders of the confectionery factory PJSC “TerA” (Ternopil) plan to allocate UAH 46.615 million in net profit for 2025 toward production development at the annual remote general meeting on April 29, the company reported in the NSSMC’s information disclosure system.

According to the draft resolution, the meeting agenda also includes a motion to terminate the powers of the current members of the supervisory board and elect new members. Shareholders are being asked to approve a monthly remuneration of UAH 250,000 for the board chair and UAH 60,000 for each board member.

In addition, shareholders plan to grant preliminary consent for the company to enter into significant transactions during the year, including contracts for the sale and purchase of property, leasing, rental, loan agreements, and pledges totaling up to UAH 100 million, and to appoint Galychyna-Audit LLC as the auditing entity for the mandatory audit of financial statements.

According to Opendatabot, the company’s net profit for 2025 decreased by 16.1% to UAH 46.62 million, while revenue increased by 38.5% to UAH 514.74 million. The company’s assets increased by 40.1% to UAH 231.91 million, and liabilities by 64.8% to UAH 56.61 million.

PJSC “TerA” was founded in 1991 and specializes in the production of crackers, cookies, cakes, and other long-shelf-life confectionery products. Its production facilities are located in Ternopil. According to the registry, the majority shareholder and

PJSC “TerA” (Ternopil Confectionery Factory) was founded in 1991 and manufactures over 200 varieties of crackers, cookies, cakes, and other long-shelf-life confectionery products, which it sells under the “TerA” trademark. The company operates a full production cycle at its facilities in Ternopil and has branches in Kyiv and Western Ukraine. It is developing its own retail chain of “TerA” stores and exports products to the EU. The ultimate beneficiary of the company is Lyudmila Nikolaychuk (74.8%).

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EVA chain plans to invest 1.33 bln UAH in business development in 2026

The EVA retail chain plans to invest approximately UAH 1.33 billion in business development in 2026, focusing on logistics, network expansion, and digital solutions, the company’s press service told Interfax-Ukraine.
The company specified that more than half of the investments will be directed toward developing logistics infrastructure, specifically the expansion and modernization of distribution centers in Lviv and Brovary.

Another approximately 0.5 billion UAH is planned to be invested in opening new stores and modernizing existing ones. This includes, in particular, the introduction of hybrid checkout counters that can operate in both self-service and traditional modes, data collection terminals, and other digital solutions.
E-commerce remains a separate area of investment. In 2025, the share of online sales in total revenue exceeded 12%, and the company plans to further increase this share through the development of its platform and services, as well as by improving the customer experience.

In 2025, EVA invested over UAH 1.1 billion and opened 73 new stores, continuing to scale the “EVA Women’s Energy” concept and develop the EVA Beauty format, as well as introducing a new experimental compact format, “EVA Nearby.” As of the end of March 2026, the chain had 1,173 retail locations.
In 2026, the company plans to maintain its growth pace and open about 60 new stores, including three EVA Beauty stores—in Kyiv and Uzhhorod.

Rush LLC, which manages the EVA chain, was founded in 2002. As of early 2026, the chain comprises 1,167 operating stores. According to 2025 results, Rush LLC increased its net revenue by 18% compared to the previous year, reaching UAH 31.8 billion.
According to data from the YouControl analytical system, the owner of Rush LLC is listed as the Cypriot company Incetera Holdings Limited (100%), with Ruslan Shostak and Valery Kiptik as the ultimate beneficiaries.

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“Elektron” Group increased its development investments to 58 mln UAH in 2025

Last year, the enterprises of the Lviv-based “Elektron” Group invested 58 million UAH in development, more than double the amount invested in 2024 (28 million UAH), according to a report on the group’s website.
“In 2025, the company’s enterprises invested 58 million UAH in development. Capital investments amounted to 50 million UAH, current investments to 8 million UAH, with accrued depreciation of 26 million UAH,” the report states.

The year before last, out of 28 million UAH in investments, capital investments amounted to 23 million UAH, and current investments to 5 million UAH.
One of the largest investments in 2025 was the production by the “ElektronMash” plant of a demonstration model of an electric bus (12 m).

“This electric bus will be used to showcase the plant’s capabilities, but may be sold in the future,” the concern noted.
In total, capital investments by the “ElektronMash” plant amounted to 24.4 million UAH.

The second-largest investments (11.2 million UAH) were made by the Innovation and Industrial Enterprise “Elektron” (formerly “Elektron Leasing”), whose main specialization is real estate leasing services. The funds were mostly invested in building renovations.
More than 7 million UAH was invested by the manufacturer of heaters and heat exchangers for vehicles, the Sferos-Electron joint venture, specifically in accounting software (1.7 million UAH), repairs to production equipment and presses (2.2 million UAH), and the purchase of new equipment—a stacker, a liquid cooler, a hydraulic table, and compressor units (2 million UAH).

As reported, in 2025, “Sferos-Electron” recorded the highest sales and profit among the group’s enterprises, increasing net revenue by 15%—to 250 million UAH—and net profit by more than 45%—to 43 million UAH.
The Electronpobutprylad (EPP) plant, which manufactures electric drives and motors, received nearly 6.3 million UAH in investments, primarily for the preparation of new production facilities (5.5 million UAH).

The report notes that by 2026, EPP’s main production of all motors will be located in modern facilities with space reserved for expanding the range of existing and new motor types. In particular, a metalworking shop with an area of up to 2,000 square meters has been built and is being commissioned, and new automatic presses and CNC machines are being installed.
The “Elektron” television plant, with total investments of 4.63 million UAH, developed computer software for trolleybuses and adapted electronic systems for vehicles. Significant investments were made in the repair and restoration of buildings (3.5 million UAH).

NVP “Elektron-Karat,” a developer of production technologies and a manufacturer of materials for nano- and microelectronics, sensor technology, and information technology, invested nearly 2.4 million UAH in development.
The report notes that a 95 kW grid-connected solar power plant was installed on the roofs of one of the “Elektron-Karat” buildings to increase the company’s energy independence. The cost of the work amounted to 1.35 million UAH, with a payback period of 2.5 years.

The “Elektron” Concern comprises 12 enterprises, as well as the parent company, PJSC “Concern-Elektron.”
As reported, JSC “Concern-Electron” (Lviv) ended 2025 with a consolidated net profit of 17.22 million UAH, which is 3.3 times less than the corresponding figure for 2024; net revenue decreased by 10.4% to 671.1 million UAH.

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Gorodysche-Pustovarivsky Sugar Plant will allocate 4.1 mln UAH in profits toward development

According to Fixygen, shareholders of JSC “Gorodysche-Pustovarivsky Sugar Plant” (Kyiv Oblast), a member of the “Gals Agro” group, plan to allocate the profit of UAH 4.086 million earned in 2025 toward the development of production and business operations at the annual remote general meeting on April 18.

According to the company’s filing in the NSSMC’s disclosure system, the agenda also includes the approval of the results of financial and economic activities and the supervisory board’s report for 2025.

In addition, shareholders will consider the issue of granting preliminary consent to enter into significant transactions during the year following the adoption of the resolution. This refers to transactions whose value exceeds 25% of the company’s asset value based on the latest annual financial statements, with a maximum aggregate value of UAH 205.1 million. The list of such transactions includes obtaining loans, credits, and other banking products; pledging or mortgaging property; providing guarantees for third-party obligations; as well as the purchase, sale, rental, and leasing of property.

According to data from the Opendatabot service, JSC “Gorodysche-Pustovaryvsky Sugar Plant” increased its revenue by 23.97% in 2025—to UAH 398.4 million compared to 2024 (UAH 321.36 million). Net profit for the reporting period amounted to UAH 4.086 million, compared to a loss of UAH 1.12 million a year earlier. The company’s debt obligations increased by 19.13% over the year—to UAH 645.9 million, while assets rose by 22.2% to UAH 820.4 million. The number of employees increased by 31 to 123.

JSC “Gorodysche-Pustovaryvsky Sugar Plant” (Kyiv Oblast) was founded in May 1997 and specializes in sugar production. The company’s authorized capital is UAH 6.347 million.

The plant’s beneficiaries are Serhiy Kravchuk, Vadym Vaisapir, Mykhailo Yevstratov, Volodymyr Gavrylenko, and Mykola Gavrylenko. The company’s main shareholder, with a 79.9% stake, is Gals Agro LLC.

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On April 23, Obolon shareholders will decide to allocate all profits toward development

The Supervisory Board of PJSC Obolon (Kyiv), one of Ukraine’s largest beer and beverage producers, is proposing to shareholders at the remote annual general meeting on April 23 to allocate 100% of net profit for 2025 to the company’s development, according to a notice in the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the published agenda, it is proposed to approve the results of financial and economic activities and the supervisory board’s report for the past year, as well as to amend the articles of association and the regulations on the supervisory board by adopting new versions of these documents.

Shareholders are also to terminate the powers of the current members of the supervisory board—Serhiy Bloshchanevych, Kateryna Vannikova, Valeriy Peik, Lyubov Onyshchuk, and Andriy Yareshko—and elect a new composition.

Additionally, by a resolution dated March 12 of this year, the supervisory board re-elected Igor Bulakh (who holds 0.0372% of the authorized capital) as CEO of PJSC “Obolon.” The CEO’s term has been extended for three years, effective April 8, 2026.

According to data from the Opendatabot service, PJSC “Obolon” increased its revenue by 7.45% in 2025—to UAH 13.74 billion compared to UAH 12.78 billion in 2024. At the same time, assets grew to UAH 10.73 billion, while total debt obligations amounted to UAH 2.18 billion. The number of employees at the end of the year was 2,162, and the authorized capital was UAH 32.512 million.

Obolon Corporation produces beer, non-alcoholic and low-alcohol beverages, mineral water, and snacks, and remains one of the country’s largest exporters of these beverages. It comprises a main plant in Kyiv and nine facilities across Ukraine’s regions. The company’s main brands are “Obolon,” Carling, Zlata Praha, Hike Premium, Zibert, Keten, Hardmix, BeerMix, “Desant,” “Zhigulivske,” “Zhivchik,” “Obolonska,” “Prozora,” and its line of low-alcohol beverages includes the brands Rio, “Gin Tonic,” “Vodka Lime,” “Cherry Whiskey,” “Rum Cola,” “Brandy Cola,” and Ciber.

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Vietnam’s strategic horizon for 2030–2045 — results of 14th National Party Congress

On January 20, 2026, the 14th National Congress of the Communist Party of Vietnam (CPV) was officially opened at the National Convention Center in Hanoi. Held every five years, this is an important political event for the country, ushering in a new era of national development.

This congress brought together more than 1,500 delegates to discuss strategic issues for the country in the fields of politics, diplomacy, and economics.

The congress was attended by 111 ambassadors, chargés d’affaires of various countries, as well as heads of diplomatic missions and international organizations in Vietnam.

The opening session of the Congress was chaired by Vietnamese Prime Minister Pham Minh Chinh on behalf of the Presidium. After that, Vietnamese President General Luong Quang delivered an opening speech to the Congress, in which he presented the main theses and tasks of the country’s development vision and emphasized the beginning of a new page in Vietnam’s domestic and foreign policy.

In his speech, the President stressed that Vietnam prioritizes economic development, building on the achievements of 40 years of reform and creating a solid foundation for the country’s further development in a new era, pursuing an independent, self-reliant, multilateral, and diversified foreign policy, harmoniously managing relations with partners, especially with major powers, neighboring countries, and important partners.

Therefore, one of the central topics discussed and decided at this congress was the focus on the goal of high economic growth over the next five years.

• The Vietnamese economy is currently in a boom phase with GDP growth rates of 7.09% in 2024 compared to the previous year and an estimated 8.02% in 2025.

• Vietnam aims to achieve annual economic growth of at least 10% over the next five years, while maintaining macroeconomic stability and controlling inflation.

• Unlike many countries, where strategic documents are often dependent on political cycles, Vietnam declares an approach focused on consistency, institutional continuity, and development in clearly defined stages.

Secretary General of the CPC Central Committee, Chairman of the Document Subcommittee Mr. To Lam presented the 13th Central Committee’s report on the documents of the 14th Party Congress.

In his speech, he reaffirmed the strategic vision, spirit of innovation, and need for decisive action for a new stage of national development. “The 14th National Party Congress marks an important event, opening a new chapter in the country’s development under new conditions, situations, and goals; it is a congress of strategic autonomy, independence, self-reliance, national pride, aspirations for progress, and unwavering faith in the path chosen by the Party, President Ho Chi Minh, and our people,” said the General Secretary.

To achieve the country’s development goals in the near term, emphasis is placed on key guiding principles that are considered a strategic “launch pad” for realizing the goal of transforming Vietnam into a developed country with a high income level by 2045, namely:

1. Strategic decisions on economic development and domestic policy, with an emphasis on technology, innovation, and digital transformation (Active introduction of digital technologies into all areas of life and governance, identifying them as a new driver of growth, linked to artificial intelligence (AI), digital government, and digital society).

The prioritization of science, technology, digital transformation, and artificial intelligence is in line with global trends.

At the same time, Vietnam declares its desire to combine technological modernization with the development of its own human resources and internal competencies. This approach is characteristic of countries seeking to transition from the role of production sites to participants in higher-level technological and innovation chains.

2. Institutional reforms and strengthening of public administration

Significant emphasis is placed on improving institutional architecture: optimising the administrative system, decentralisation and developing the legal environment.

In a comparative context, this brings Vietnam closer to development models where institutional capacity is seen as a key driver of sustainable growth, rather than just a supporting element of a market economy.

3. Energy transformation is seen not as an environmental policy, but as an economic prerequisite for maintaining export competitiveness.

The Joint Energy Transition Partnership (JETP) and aggressive development of renewable energy should ensure compliance with the decarbonization requirements of global supply chains.

4. Anti-corruption campaign (“Blazing Furnace”) and management balance

The anti-corruption campaign will be shifted from political mobilization to an institutional format.

The key challenge remains overcoming the so-called “fear of signing” — bureaucratic paralysis that slows down the implementation of infrastructure and investment projects. The focus is expected to be on the digitalization of control and a clearer division of responsibilities.

5. Comprehensively develop the cultural and social spheres, improve people’s living standards, and ensure social security.

6. Confirm the course of independence and multi-vector foreign policy.

The confirmation of a multi-vector foreign policy indicates Vietnam’s intention to maintain strategic autonomy in the face of growing global competition.

Vietnam’s declared strategic course combines:

• long-term state planning;

• ambitious economic growth targets;

• institutional and administrative reforms;

• selective technological modernization;

• the pursuit of foreign policy balance.

Taken together, this forms a pragmatic development model that differs from both liberalized market approaches and rigidly centralized economic systems, reflecting an attempt to adapt to conditions of global uncertainty.

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