Business news from Ukraine

Business news from Ukraine

Taras Kachka Appointed Ukraine’s Representative to EU and European Atomic Energy Community

Ukrainian President Volodymyr Zelenskyy has appointed Taras Kachka as Ukraine’s representative to the European Union and the European Atomic Energy Community by presidential decree.

Decree No. 1034/2026 was published on the President’s website on Friday.

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In 2025, EU imported 2.9 mln metric tons of coffee worth EUR 18.7 bln

According to the European Union’s statistical office, in 2025, European Union countries imported 2.9 million metric tons of coffee worth a total of EUR 18.7 billion from non-EU countries.

In terms of volume, imports have increased only slightly over the past ten years (from 2.7 million metric tons in 2015), but in terms of value, they have risen significantly (from EUR8.6 billion), the report states.
Last year, the main coffee suppliers were Brazil (1.005 million metric tons, or 34% of the total volume) and Vietnam (587,500 metric tons, or 20%). EU countries also purchased coffee from Uganda (262,400 metric tons, 9%), Colombia (162,900 metric tons, 6%), and Honduras (136,500 metric tons, 5%).

Germany accounted for about one-third of imports, purchasing 1.01 million metric tons of coffee (34% of the total volume). Next were Italy (608,000 metric tons, 21%), Spain (281,600 metric tons, 10%), Belgium (269,200 metric tons, 9%), and the Netherlands (216,600 metric tons, 7%).
In 2025, the European Union produced over 2.2 million metric tons of coffee (including coffee substitutes and decaffeinated beverages). This is 12% more than in 2015 (2 million metric tons).

The leading producers were Germany (561,200 metric tons, or 25% of the total volume) and Italy (514,200 metric tons, 23%). They were followed, at a considerable distance, by Spain (211,900 metric tons, 10%), France (146,800 metric tons, 7%), Poland (134,800 metric tons, 6%), Sweden (79,400 metric tons, 4%), and Finland (39,000 metric tons, 2%). Collectively, these seven countries accounted for 77% of production.

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Metinvest’s CEO Questions Feasibility of Investing in Ukraine’s Steel Industry Due to EU Quotas

The mining and steel company Metinvest continues to hope for support from its global partners amid the war, but recently, the European Union and the European Commission have taken numerous measures that cast doubt on whether it is worth investing in the Ukrainian steel industry at all.

The company’s CEO, Yuriy Ryzhenkov, expressed this view in an interview with the Financial Times.

As an example, he cited the quotas imposed on Ukrainian steel in the EU, even though Ukraine’s agreements with the EU—in particular the Association Agreement and other agreements signed in recent years—effectively provided for free access to the European market. Despite the fact that Ukraine has exported significantly less steel to the EU over the past few years than before, the corresponding Ukrainian quotas have been reduced by more than 50%.

“In my view, this is a very strange move. If you want to support the country, it’s better to allow its industry to operate and pay taxes. These funds will strengthen the country’s defense capabilities and economy. This is more effective than grants or preferential loans. I hope our officials, together with their European colleagues, will be able to review this situation and rectify it,” said Ryzhenkov.

According to him, a much better approach would be to consider how the Ukrainian economy—particularly the metallurgical sector—can become part of the broader European market and the European economy, thereby making it stronger rather than weaker. “I also believe that it is very important right now for people in Brussels to understand the conditions under which we are working. We are forced to operate amid constant disruptions in logistics and staff shortages. Many people have left the country. More than 8,500 of our employees have been drafted into the army. We have an unstable energy supply and very high energy costs,” the CEO noted.

He emphasized that it is, to some extent, unfair and incorrect to treat the Ukrainian steel industry on par with that of other countries supplying products to the EU. The situation in Ukraine requires a special approach, greater understanding, and, perhaps, certain tools that will allow us to survive now and return to investment and growth in the future.

When asked whether the company had assessed the total amount of losses, the CEO noted that a comprehensive assessment has not yet been conducted. “As I’ve already said, we are currently clearing debris and assessing damage to infrastructure and production facilities. And this is not the first time since the Russian invasion that our facilities have come under attack, so we will be able to provide a more accurate assessment once the war is over. Only then will it be possible to discuss the cost of recovery from the damage.”

Ryzhenkov noted that all of the company’s international projects are linked to Ukrainian production and Ukrainian resources, and there is hope that this will continue to be the case. “Currently, our rolling mills in Europe and the United Kingdom are operating autonomously. At the same time, we already have plans in place and are taking steps to restore vertical integration with Ukrainian enterprises and return to our previous model. In short, we remain very active. We consider Europe, as well as the Mediterranean and Black Sea regions, to be our main markets. We want to continue to be present in these markets and remain open to new opportunities,” Ryzhenkov concluded.

Metinvest is a vertically integrated group consisting 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.

Source: https://metinvestholding.com

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Ukraine Asks EU to Increase Bioethanol Export Quotas

Ukraine is proposing that the European Union increase the existing duty-free export quota for Ukrainian bioethanol—currently set at 125,000 metric tons per year—to account for the volume of bioethanol that Ukraine imports from the EU as part of automotive gasoline, Minister of Agrarian Policy and Food Taras Vysotsky told reporters.

“We have calculated that Ukraine currently imports about 10,000 metric tons of bioethanol per month as part of gasoline… This proposal applies to the period of martial law, as the current security situation prevents Ukraine from blending gasoline with bio-components, so we have to import it,” the minister explained.

He noted that the requirement for a mandatory bioethanol content of at least 7% in A-92 and A-95 automotive gasoline took effect in Ukraine on July 1 of this year, while the quota of 125,000 metric tons was set last year, when gasoline was imported without any bioethanol content.

Vysotsky noted that the quota can be flexible: if, for example, 5,000 metric tons of bioethanol are imported in a given month, then an additional 5,000 metric tons of export quota becomes available; if 15,000 metric tons are imported in a given month, then 15,000 metric tons.

According to him, this could amount to an additional 120,000 metric tons of bioethanol over the course of a year.

In the opinion of the Minister of Agrarian Policy, this proposal from Ukraine is very likely to be accepted and implemented by European partners.

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Promises of Ukraine’s EU Membership Are Lies, Says Albanian Prime Minister

The European Union’s promises regarding Ukraine’s accession through the standard procedure are not true, Albanian Prime Minister Edi Rama said in an interview with the German newspaper *Welt am Sonntag*.

“What they are promising her (Ukraine) is a lie,” Rama emphasized, adding that under the standard enlargement rules and with all existing criteria met, the country will definitely not be admitted into the bloc, and “everyone knows this.”

At the same time, the Albanian prime minister cautioned Brussels against making concessions in the process solely for geopolitical reasons. Instead, he proposed granting full membership only based on the results of specific tasks and achievements (a results-oriented process).

At the same time, the Albanian prime minister called for accelerating his country’s European integration. Albania applied for EU membership back in 2009 and has held candidate country status since 2014.

 

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European Union did not support Ukraine’s request for early disbursement of additional funding

The European Union did not support Ukraine’s request for early disbursement of additional funding in 2026 and emphasized that the allocation of funds will depend directly on Kyiv’s implementation of agreed-upon reforms, according to the Financial Times, citing a letter from European Commissioners Valdis Dombrovskis and Marta Kos to Verkhovna Rada Chairman Ruslan Stefanchuk.

This summer, Ukraine estimated its additional defense needs at approximately $27 billion and approached the European Commission with a proposal to advance a portion of the funds from the two-year €90 billion Ukraine Support Loan program (€60 billion earmarked for defense, €30 billion for direct budget support). According to the program’s terms, up to €45 billion is to be made available to Ukraine in 2026, with the remaining €45 billion to follow in 2027.

According to the FT, European Commissioners have made it clear that access to funding is contingent upon fulfilling an agreed-upon list of commitments. Specifically, this involves the elimination of VAT exemptions for small international parcels, the introduction of taxation rules for digital platforms, and proper financial monitoring of politically exposed persons (PEPs)—changes to which have raised concerns in Brussels as a deviation from the anti-corruption agenda. According to the publication’s assessment, meeting these requirements will pave the way for Kyiv to receive approximately 34 billion euros in support as early as 2026.

At the same time, the European Commission emphasized that the rejection of the request for an early advance payment does not mean a curtailment of financial assistance. On October 1, the parties announced that they had agreed on sources of funding for budgetary and defense needs through the end of 2026, noting that there is no unfunded financial gap for the current year.
In addition, on October 2, the European Commission transferred another tranche of 2.9 billion euros to Ukraine as part of the Ukraine Facility program. The total amount of aid to Kyiv from the EU and its member states since the start of Russia’s full-scale invasion has reached 227.4 billion euros.

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