Business news from Ukraine

Business news from Ukraine

TAS Group plans to invest up to $300 mln in financial sector

The TAS Group plans to invest $250–300 million in the authorized capital of banks, insurance companies, and other assets it holds in the financial sector, It also aims to expand its land bank and strengthen its grain storage operations in the agricultural sector, is actively investing in real estate development, and is exploring opportunities in logistics and port infrastructure, according to the group’s founder and head, Serhiy Tihipko.

“We are currently the largest private owner in the Ukrainian financial sector. And we are accelerating our pace here. Therefore, whether we want to or not, we will have to invest in authorized capital. “I think we’ll invest somewhere between $250 million and $300 million just to increase authorized capital,” said Tigipko at the Concorde Capital investment conference, which the investment firm held for the first time since 2019 last week in Kyiv.

“As for everything else, we’ll explore options. We’re interested in agriculture. We’d be happy to buy 20–25 thousand hectares right now. We’re expanding our grain storage facilities,” the founder added.

He noted that the group has now begun actively investing in real estate development.

“We’ve started a 220,000-square-meter project in Obolon. We’ve purchased an additional 5 hectares for the same project. In 2027, we’ll start a 350,000 (square meters) project on the Left Bank. These are fairly large investments,” the businessman clarified.

According to him, the group is also looking into logistics and port infrastructure, and Tigipko himself has personally visited Chornomorsk.

“I can say that I don’t really like the sector: in my opinion, it’s overvalued; everyone has gotten used to some kind of abnormal rate that existed at the start of the war. That won’t happen again,” the group’s owner noted.

He emphasized that the group constantly analyzes projects “every year, every day.”

“We’re sitting and waiting for a good, juicy deal to come along. We wanted to buy an insurance company (MetLife), but the Poles (PZU) beat us to it. That’s okay, we’ll wait. I told (Richard) Branson that deals are like a rail bus: one leaves, another will arrive. We’ll wait for the next one,” said Tihipko.

The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, the agricultural sector, the food industry, the production of packaging materials, and real estate. Among others, it includes TAScombank, Universal Bank (mono), and Idea Bank.

Oleg Zapletnyuk, CEO of the agricultural holding “TAS Agro,” reported earlier this year that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026. “The next step is to increase it to 120,000 hectares, but that will be by 2028,” he said.

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UAE Tops Global Real Estate Investment Attractiveness Ranking

The United Arab Emirates has taken first place globally in terms of real estate market investment attractiveness, ahead of the United States and the United Kingdom, according to data from the Arada UAE Property Investment Index.

The study was conducted by the American Penta Group on behalf of the developer Arada from April 1 to 23, 2026. The survey included 689 investors from 12 key markets who have an annual income of over $100,000 and more than $250,000 in investment assets, and who have already invested or are interested in investing in real estate outside their home country.

According to the index, 56% of global investors expressed serious interest in the UAE real estate market. This is the highest figure among all markets included in the study. The U.S. received 54%, the UK 41%, France 28%, and Spain 27%.

Investor awareness of opportunities in the UAE real estate market reached 51%, which is comparable to the UK and close to the US. Arada notes that this confirms the UAE’s emergence as one of the most recognizable global centers for real estate investment.

Interest in the UAE is particularly high among investors from neighboring and rapidly growing markets. 91% of Indian investors, 92% of Egyptian investors, and 85% of Saudi respondents named the UAE as one of the three most attractive destinations for investment. Among European investors, the UAE has become the top overseas destination for the French (63%), Germans (60%), and Swiss (57%).

Investors cited the potential for high returns as the main factor driving the UAE’s appeal: 38% of respondents selected this criterion. For Australian investors, this figure reached 57%, for Spanish investors—56%, and for British investors—41%.

Security and stability were key factors for 65% of Chinese and 58% of German investors. Another 34% of all respondents cited the ease of purchasing and owning real estate as an important advantage; among investors from Saudi Arabia, this figure was 57%, and from Egypt, 41%.

Arada Group CEO Ahmed Al-Khoshaibi stated that the survey results confirm trends the company observes in its own sales: international investors increasingly note the maturity of regulations, economic stability, and the resilience of the UAE market even amid external challenges.

“The UAE has repeatedly demonstrated its ability to adapt faster than almost any other market in the world,” he noted.

The release of the index coincided with the announcement of major infrastructure investments in the UAE, including the 34-billion-dirham Dubai Metro Gold Line project, the launch of the first commercial air taxi network, and a 6-billion-dirham federal road corridor to improve connectivity between the emirates.

For the real estate market, this signals continued interest from international capital, despite signs of a cooling in certain segments following several years of rapid growth. Investors continue to view the UAE as a market offering a combination of returns, tax efficiency, stable regulation, and a relatively straightforward property ownership process.

Arada is a development company founded in 2017 in the UAE. The company carries out projects in real estate, retail, education, healthcare, fitness, wellness, and the hospitality sector. Arada’s project portfolio exceeds 130 billion dirhams; the company is also expanding its operations in the UK and Australia.

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Kernel has invested 1 bln hryvnia in community development

Kernel’s investments in community development over the past four years have reached UAH 1 billion. Recently, the “My Community: Together with Kernel” program has been growing rapidly under a co-financing model: for every hryvnia residents raise through crowdfunding, the company adds another 10 hryvnias, according to a Kernel press release on Wednesday.

“The results for 2026 demonstrate the effectiveness of this approach: communities raised nearly 1 million UAH, which is 46% more than last year. The project is scaling rapidly: while 196 applications were submitted from five regions in 2025, this year there have already been 411 applications from 12 regions of Ukraine,” the agricultural holding noted.

It clarified that over the two years of the “My Community: Together with Kernel” program, the company has funded 67 local initiatives with over 10 million UAH, and communities have raised an additional 1.3 million UAH on their own through the project’s partner, the “My City” crowdfunding platform.

This year, 34 projects were selected as winners, for which the company provided 4.5 million UAH in funding. Among the priorities are spaces for veterans, mental health support programs, accessible sports facilities, and educational projects. Over the next three months, the winners will implement their projects in their communities.

“We see a great demand for the development of our cities and villages even during the war, and our task is to provide local activists with the tools they need. The mechanics of crowdfunding help verify this: if residents are willing to support an idea with even a small contribution, it means the demand is real,” said Lilia Marachkanets, director of the “Together with Kernel” Charitable Foundation, in the press release.

According to her, the main idea is to teach community organizations, schools, municipal institutions, and activists to independently create projects and unite people around shared solutions. “Kernel” also trains local officials to work with international investments and European grants.

Kernel Agricultural Holding is the world’s largest producer and exporter of sunflower oil, Ukraine’s largest grain exporter, an operator of an extensive network of logistics assets, and a leading producer of grain and oilseeds in Ukraine. It is one of the largest producers and sellers of bottled oil in Ukraine. It is engaged in the cultivation and sale of agricultural products.

In the first half of fiscal year 2026 (FY, July–December 2025), Kernel reduced its net profit by 33% compared to the same period last year—to $119 million. Consolidated revenue amounted to $1.924 billion, which is 1% less than in the first half of FY 2025, while EBITDA decreased by 14% to $247 million.

According to information on the website of the “Together with Kernel” Charitable Foundation, the foundation operates in 12 regions of Ukraine across 190 communities and implements more than 2,000 projects across eight areas.

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“TAS Agro” to Invest $15 Mln in Modernizing Farms to Meet EU Standards

The agricultural holding “TAS Agro” plans to invest approximately $15 million over the next three years in modernizing dairy farms to bring them into compliance with EU standards, the company’s CEO Oleg Zapletnyuk said in an interview with Delo.ua.

The CEO of the agricultural holding clarified that TAS Agro is concentrating its livestock operations in the Vinnytsia region, where it is completely rebuilding a farm, increasing the number of stalls, and implementing loose housing for livestock.

“The total investment amount is approximately $15 million over the next three years. We are investing in this step by step. This primarily concerns cows. Our goal is to transform outdated livestock farming into a highly productive sector, increase its efficiency, improve livestock housing conditions, and enhance the quality of meat and dairy products,” Zapletnyuk said.

The company’s CEO noted that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026.

“Strategically, we plan to increase our land bank to 100,000 hectares. We are currently considering certain assets; if we manage to finalize the purchase by the end of the year, that will bring us to about 100,000 hectares. The next step is to increase it to 120,000 hectares, but that is by 2028,” he said.

Assessing the financial results, the company’s CEO noted that TAS Agro’s net profit for 2025 is expected to be in the range of $20–22 million.

“In 2025, the company’s net profit was in the range of $20–22 million, but we have not yet sold part of our production. As of today, we have effectively sold the wheat, but we have not yet updated the key financial indicators. Estimated at $20–22 million, this is actually 10% more than we had budgeted,” he emphasized.

Zapletnyuk attributed the decline in profitability compared to 2024 (over $25 million) to drought in some of the regions where the company operates and the drop in global prices for agricultural products.

Last year, the holding exported approximately 270,000 tons of agricultural products, with exports accounting for about 60% of total production. The primary destination was the EU, which received 49% of all shipments. Additionally, 25% of exports went to North African countries, 19% to Asia, and 4% of the products were sold in Middle Eastern markets. At the same time, sunflower seeds, as well as a significant portion of soybeans and rapeseed, are processed domestically at partner plants for the subsequent sale of finished products.

The TAS Agro agricultural holding was established in 2014. It cultivates approximately 80,000 hectares across six regions of Ukraine. Its specialization is crop production and dairy farming (cattle herd—5,500 head). Its grain storage capacity is 250,000 tons. Serhiy Tihipko is the founder of the “TAS” group and the beneficiary of the agricultural holding.

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“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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