Business news from Ukraine

Business news from Ukraine

“DTEK Networks” Installed Nearly 136,000 Smart Meters in Six Months

According to the results of the first half of 2026, the distribution system operators (DSOs) of DTEK Networks continue to expand the automated commercial electricity metering system (ACEMS), which allows for real-time monitoring of electricity consumption.

“During the first half of 2026, specialists installed nearly 136,000 smart meters in Kyiv, Kyiv, Odesa, and Dnipropetrovsk regions, which is 37% more than during the same period last year,” the operating holding reported on Wednesday.
The pace of smart meter installation continues to grow, and currently, one in three customers in Kyiv, Kyiv, Odesa, and Dnipropetrovsk regions is already using them.

It is noted that smart meters are part of the ASKOE system. They automatically transmit readings to the distribution system operator (DSO), which simplifies the process of accounting for electricity consumption and allows utility companies to more quickly obtain information about the state of the grid and analyze consumption.
As explained by DTEK Networks, for customers, the installation of these meters means less hassle with regularly submitting meter readings and more accurate tracking of electricity consumption.

The implementation of the ASKOE system is taking place as part of an investment program approved annually by the energy regulator, the NEURC.
“You can find out if a meter replacement is scheduled for your home this year on your distribution system operator’s website,” the company explained to consumers.

The installation of smart meters is part of the “Network of the Future” project aimed at modernizing energy infrastructure and implementing Smart Grid technologies.
“DTEK Networks” operates in the business of electricity distribution and power grid operation in Kyiv, as well as in the Kyiv, Dnipropetrovsk, Donetsk, and Odesa regions. The company’s distribution system operators serve 5.1 million households and 150,000 businesses.

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“Ukrnafta” Has Developed Its Own Software Suite for Well Workovers

Ukrnafta specialists have developed and implemented their own software suite, WellWorkoverSupervisor, for planning and managing well workovers.

“This solution was developed in-house based on the practical experience of the company’s specialists, taking into account international best practices,” the company announced on Tuesday.
Ukrnafta explained that well workovers are one of the most complex production processes, as working with equipment at depths of several thousand meters requires precise engineering calculations, high-quality preparation, and strict adherence to safety requirements.

Previously, the company did not have a single standardized software tool for such calculations. Some of the work was performed manually or using outdated software, which took more time and increased the risk of errors.
However, engineers from the Well Repair Supervision Division of the Production and Technology Department have developed their own software product that meets the company’s actual production needs.

“Digital transformation is not just about purchasing off-the-shelf IT solutions. It also involves developing our own engineering expertise and creating tools that directly improve production efficiency,” said Bogdan Kukura, Chairman of the Board of JSC “Ukrnafta.”
According to him, the use of WellWorkoverSupervisor has already made it possible to reduce the time required to prepare work plans, minimize the risk of errors in calculations, and improve production safety.

WellWorkoverSupervisor includes over 30 specialized modules and allows users to automate key technical calculations, create graphs and engineering diagrams, generate ready-to-use PDF reports, and utilize a built-in reference guide for pipes, threaded connections, and equipment.
In terms of functionality, the software suite is on par with expensive foreign counterparts, Ukrnafta added.

JSC “Ukrnafta” is Ukraine’s largest oil production company, carrying out a full cycle of activities in the field of extraction: exploration, oil and gas production, the provision of oilfield services, as well as the management of UKRNAFTA, the largest network of gas stations in Ukraine.
The company’s balance sheet includes over 1,106 oil wells and 131 gas wells.

The shareholders of JSC “Ukrnafta” are NJSC “Naftogaz of Ukraine” and the Ministry of Defense of Ukraine. Since 2022, the company has been under state management and is implementing a large-scale business transformation.
By the end of 2025, “Ukrnafta” had become the leader in the extraction industry with a turnover of 99.6 billion UAH, as reflected in Opendatabot’s Index of Top Companies.

The UKRNAFTA gas station network is the largest in Ukraine, comprising nearly 700 stations and ranking among the top three in terms of fuel sales volume. The UKRNAFTA brand now unites networks that previously operated under the Glusco, Shell, and U.Go brands.

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Metinvest Digital reported net profit of 4.5 mln hryvnia in first quarter

Metinvest Digital LLC, the IT expertise center of Ukraine’s largest mining and metallurgical holding, Metinvest, reported a net profit of UAH 4.505 million in January–March of this year, compared to a net loss of UAH 13 million during the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period increased by 13.2% to UAH 197.735 million.

Retained earnings as of the end of March amounted to UAH 64.058 million.

In 2025, the LLC reduced its net profit by 5.3 times compared to the previous year—to UAH 6.494 million from UAH 34.142 million, while revenue from ordinary activities for this period increased by 0.8%—to UAH 807.236 million from UAH 801.016 million.

The LLC ended 2023 with a net loss of UAH 9.525 million.

The number of employees as of the end of 2025 was 700, and as of the end of 2024, it was 764.

Metinvest Digital is a Ukrainian IT company specializing in the digital transformation of large businesses and implementing projects in Ukraine, Europe, and North America. The company develops, implements, and supports comprehensive IT solutions for building technological infrastructure, developing information systems, strategic outsourcing, data migration, system integration, cybersecurity, and information security. Metinvest Digital is the IT business partner of the Metinvest Group, serving over 30 of the holding’s enterprises worldwide. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).

Metinvest Holding LLC owns a 100% stake in Metinvest Digital LLC.

The LLC’s authorized capital is UAH 78.740 million.

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 European countries. 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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Ukraine’s “green” reconstruction should be based on digitalization and integration into EU energy market

Participants in the Green Reconstruction and Green Energy panel at the Rebuilding Ukraine: Security, Opportunities, Investments forum in the Romanian capital concluded that the modernization and decarbonization of Ukraine’s energy infrastructure must go hand in hand with digitalization, the development of smart cities, and deeper integration into the EU energy space.

The panel was moderated by Corneliu Bodea, president of the Romanian Energy Center, who outlined the need for profound transformations of energy systems to transition to a low-carbon model. The key speaker was Bogdan-Gruia Ivan, Romania’s Minister of Energy, who set the strategic guidelines for the discussion. The discussion was also joined by George Agafitei, Head of Sustainable Development and Institutional Relations at PPC Group; Vitaly Radchenko, Head of Energy and Climate Change Practice at CMS Ukraine; Nicolas Richard, CEO of Engie Romania; Gheorghe Chubotar, President of Electroalfa International; and Eduard Dumitrascu, President of the Romanian Smart City Association.

The speakers noted that urban digitalization and energy modernization projects, in particular smart city initiatives, have become important catalysts for the renewal of local energy systems and municipal infrastructure. They emphasized that Ukraine should not be underestimated in terms of technological solutions: businesses and government agencies are highly receptive to the implementation of digital tools, from artificial intelligence to network infrastructure optimization. “Ukraine has already demonstrated its ability to quickly transition to new digital platforms. This makes it possible to build a modern energy sector rather than a ‘patched-up’ one,” Radchenko noted.

Participants emphasized that Ukraine is undergoing an intensive phase of legislative reforms and convergence with European standards in the fields of energy, ecology, and market regulation. This creates conditions for more effective coordination between central authorities and local levels, as well as for the implementation of joint projects with EU countries, with an emphasis on inter-state interconnectors, network balancing, and strengthening regional energy security. “Aligning rules with European ones is not only a requirement for integration, but also a prerequisite for attracting investors to long-term ‘green’ projects,” Ivan emphasized.

A separate part of the discussion was devoted to rethinking the architecture of energy networks in the direction of decentralization, flexibility, and increasing opportunities for electricity flows between countries. Participants recalled that Ukraine is already working in sync with the European energy system and is increasing the volume of electricity and gas exchanges with EU countries. In their opinion, Ukraine’s “green” transformation requires not only the physical reconstruction of generation and network assets, but also the formation of a new culture of innovation capable of attracting strategic investments and the most advanced technologies.

In this context, cooperation between European and Ukrainian energy and technology ecosystems was described as a fundamental element of regional energy sustainability. Participants called green reconstruction a historic opportunity to form a more sustainable, digitized, and EU-integrated Ukrainian economy. The panel concluded that, despite the challenges, close cooperation and coordinated investment by the state, business, and international partners is the only realistic path to an effective, future-oriented reconstruction of the energy sector.

The forum “Rebuilding Ukraine: Security, Opportunities, Investments” is being held on December 11-12 in Bucharest under the auspices of the Romanian Ministry of Foreign Affairs and the Ukrainian Ministry of Foreign Affairs and is organized by the New Strategy Center. According to the organizers, more than 30 panel discussions and parallel sessions are planned over two days with the participation of representatives of governments, international organizations, the private sector, financial institutions, and experts from Europe, North America, and Asia. The topics of the panels cover security and defense, infrastructure, financing and investment, green energy, digitalization, human capital, and cross-border cooperation.

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Nibulon has reduced its staff threefold and is focusing on digitalization

One of Ukraine’s largest grain market operators, Nibulon, has reduced its staff threefold, retained four areas of operation, focused on the introduction of new digital services and technologies, and plans to return to its pre-war share of 10% of Ukraine’s grain exports by increasing exports this year to 4 million tons from 2.5 million tons last year, said the company’s owner and CEO Andriy Vadatursky.

“Before the war, the company employed 6,000 people. When I was waiting (for the core team to move from Mykolaiv to Kyiv – IF-U), there were 4,000 employees. Now there are a little less than 2,000. This is the path to optimization and automation of numbers. When people ask, ‘What has changed for you?’, I answer that everything has changed – the entire business model has changed,” he said at the Forbes Agro 2025 conference in Kyiv on Friday.

Vadatursky noted that Nibulon currently has four main business areas: agricultural production, logistics, trading, and digitalization.

According to him, Nibulon is developing agricultural production on slightly more than 50,000 hectares, while before the war, the agricultural holding operated on 82,000 hectares. Its lost agricultural land is located in the Luhansk and Kharkiv regions. In addition, before the war, the grain trader owned 28 elevators, 5 of which have been lost and 13 blocked. Nibulon’s logistics company currently operates 167 motor vehicles and 200 grain cars.

According to the company’s owner, the agricultural holding currently grows approximately 300,000 tons of grain on its own. However, in 2024, Nibulon was able to export 2.5 million tons of grain, and in 2025, it plans to supply up to 4 million tons to foreign markets.

“It is no secret that Nibulon entered the war with $530 million in loans. Currently, we have confirmed losses of $440 million, which, in addition to the loss of land and elevators, include the loss of about 140,000 tons of grain,” Vadatursky said, adding that in three years of war, the agricultural holding was able to earn $250 million and repay $160 million in debts to banks.

He assured that Nibulon intends to continue servicing its loans in 2025, despite the fact that 68% of its assets are currently not operational.

Vadatursky explained that during the war, Nibulon will focus on the efficiency of its businesses, their expansion, and vertical integration. At the same time, the main criteria will be efficiency and “streamlining by removing all inefficient components.” In addition, the grain trader will focus on the introduction of new technologies, digitalization, and artificial intelligence.

“We are targeting approximately $60-80 million in EBITDA to be able to repay all loans. To this end, we are doing everything we can to increase the amount of grain that passes through our system. And we have the ambition to return to our pre-war share of exports, which was about 10-12% of Ukraine’s total grain exports, by providing more competitive services than before the war and earning money through the introduction of technologies and increased efficiency,” the owner of the agricultural holding concluded.

Before the war, Nibulon cultivated 82,000 hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries around the world. In 2021, the grain trader exported a record 5.64 million tons of agricultural products and supplied record volumes to foreign markets in August (0.7 million tons), in the fourth quarter (1.88 million tons), and in the second half of the year (3.71 million tons).

After the war began, the company was forced to move its headquarters from Mykolaiv to Kyiv.

 

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Digitalization has become key driver of private medicine in Ukraine – Oxford Medical

Digitalization is becoming a key driver of private medicine development in Ukraine, with online appointment, electronic medical histories, telemedicine consultations and automatic reminders forming a “new culture of care”, Oxford Medical claims.

“Today’s patient wants to get a consultation quickly and conveniently. Online appointment in two clicks, test results in an app, personalized treatment plans – this is the standard without which private medicine no longer exists,” said Angelina Moroz, medical director of the Kiev branch.

The company also introduces personalized support: administrators and managers act as guides for patients, and doctors remain involved at all stages – from diagnosis to postoperative follow-up.

Oxford Medical – a network of clinics, founded in 2005, covers dozens of cities in Ukraine. Hundreds of specialists work in the staff. The company relies on digitalization, telemedicine and integration with the NHS, developing standards of quality service and focusing on the needs of patients.

 

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