Business news from Ukraine

Business news from Ukraine

“Ukrposhta” Becomes Official Partner of Etsy

JSC “Ukrposhta” has signed an agreement with Etsy, one of the world’s largest marketplaces, thereby becoming its official partner, the company’s CEO, Ihor Smilianskyi, announced on Monday.

“Today we completed what we started during our visit to the U.S.: Ukrposhta has signed an agreement with one of the world’s largest marketplaces—Etsy,” Smiliansky wrote on Telegram.

According to him, following the signing, the national postal operator has become Etsy’s verified partner worldwide on behalf of Ukraine.

It is noted that more than 2 million Ukrainian products are sold on Etsy.

The signed agreement provides for a more convenient shipping process for customers; specifically, from now on, shipping and label data will be automatically added during checkout in both the Ukrposhta account and on Etsy.

Among other things, the agreement enables full IT integration between “Ukrposhta” and Etsy, which ultimately makes it possible to sell to any country in the world simultaneously.

‘Ukrposhta’ also clarified that the national postal operator will handle all customs duty calculations (in the U.S. and the EU).

“Thank you to our partners for their trust! This was no simple agreement, and this is the first time a major logistics company in Ukraine has achieved this status,” emphasized the CEO of “Ukrposhta.”

Etsy is an international marketplace specializing in the sale of handmade items, vintage goods, jewelry, and other products.

The state-owned Ukrposhta’s total profit for January–April amounted to 106.3 million UAH, with EBITDA of 122.9 million UAH. The company’s equity reached 2.3 billion UAH without additional budgetary funding.

In January–March 2026, the company reported a net loss of 204.8 million UAH, which is 1.1 million UAH, or 0.5%, higher than in the same period of 2025, while its revenue grew by 1.1% to 13 billion 118.42 billion UAH.

, , , ,

Ostchem Resumes Seaborne Exports of Urea for First Time in Seven Years

The Ostchem nitrogen holding company, which brings together Group DF’s nitrogen business enterprises, has resumed seaborne exports of urea for the first time in seven years, Group DF’s press service reported on Wednesday.

“Ukraine has resumed seaborne exports of urea: for the first time in seven years, products from Ukrainian chemical manufacturers were shipped via sea,” the company emphasized.

According to the statement, a shipment of products manufactured by the Ostchem Group was exported through the port of Chornomorsk to international buyers in the Mediterranean region.

The total volume of the shipment was approximately 21,000 metric tons. The main export destinations were Italy and Turkey.

Among the buyers of Ukrainian urea were the U.S.-based Nitron Group and the South Korean Samsung C&T Corporation.

Group DF noted that the resumption of maritime exports occurred against the backdrop of a gradual stabilization of logistics chains and growing interest from international traders in Ukrainian products. A portion of Ostchem’s products also continues to be sold to European industrial consumers via land-based logistics routes.

The company is also in negotiations regarding new export shipments with a number of international traders and industrial consumers.

As previously reported, in April 2026, the plants of the Ostchem nitrogen holding began production of a new nitrogen fertilizer—AMS30 ammonium nitrate.

Ostchem is the nitrogen holding company of Dmitry Firtash’s Group DF, which brings together the largest producers of mineral fertilizers in Ukraine. Since 2011, it has included “Rivneazot” and Cherkasy-based “Azot,” as well as Severodonetsk-based “Azot” and “Styrol,” which are currently inactive and located in occupied territories.

, , , ,

Ukraine nearly doubled its exports of organic walnuts in 2025

In 2025, Ukraine nearly doubled its exports of organic walnuts compared to the previous year—from 2,600 to 4,900 tons— and their value more than doubled—from EUR7.9 million to EUR16.6 million, according to a study on organic berry and nut exports in 2024–2025, which was presented at the forum “Development of Ukraine’s Berry and Nut Export Sector” on June 10 in Kyiv.

“Demand is stable. Organic walnuts from Ukraine are exported to nine countries, including the Netherlands, Austria, Romania, France, Germany, and Italy,“ said Iryna Fedorchenko, a leading export specialist at the organic production certification body ”Organic Standard,” during the study’s presentation.
At the same time, she emphasized that Ukraine is not yet fully utilizing the potential for exporting value-added products, as organic walnuts are supplied to foreign markets primarily as raw materials.

“All organic walnuts are exported in their raw form. We have an open niche for exporting finished products,” she noted.
According to Fedorchenko, importing countries purchase Ukrainian raw materials and then process, refine, and repackage them at their own facilities.

The Netherlands was the largest importer of Ukrainian organic walnuts in 2025, purchasing 1,950 tons of product worth EUR6 million. The top three buyers also included Austria—986 tons worth EUR2.6 million—and Romania—724 tons worth EUR3.6 million. In addition, Ukrainian organic walnuts were supplied to France, Germany, Italy, Moldova, Poland, and the United Kingdom.

Fedorchenko also noted that Ukraine exports three types of organic nuts—walnuts, almonds, and hazelnuts. At the same time, walnuts account for the lion’s share of exports, with most of the organic walnuts shipped abroad coming from wild-growing orchards.

According to the study, in 2025 the total area of certified organic nut orchards in Ukraine was 469 hectares, compared to 556 hectares the previous year. Of this, 383 hectares were planted with organic walnuts (470 hectares in 2024), 84.9 hectares with hazelnuts, and 1 hectare with almonds. The number of organic nut producers decreased to 17 from 19 the previous year.

The study was conducted by the certification body “Organic Standard” in collaboration with the Office for Entrepreneurship and Export Development and the national project “Dія.Бізнес” with support from Switzerland as part of the Global Quality and Standards Program in Ukraine (GQSP Ukraine), implemented by the United Nations Industrial Development Organization (UNIDO).

, , ,

Ukraine increased manganese ore exports by 2.8 times in April

In April of this year, Ukraine increased its manganese ore exports by 2.8 times compared to the previous month—from 1,932 thousand tons to 5,319 thousand tons.

According to statistics released by the State Customs Service (SCS), a total of 17,876 metric tons of manganese ore were exported over the first four months of this year, whereas exports were virtually nonexistent during the same period last year (22 metric tons worth $2,000).

At the same time, in March of this year, Ukraine reduced manganese ore exports by 3.1 times compared to the previous month—to 1,932 thousand tons from 6,072 thousand tons—and by 2.4 times compared to January, when 4,553 thousand tons were exported.

In monetary terms, $2.039 million worth of this raw material was exported in January–April.

Exports were shipped to Slovakia (82.50% of shipments in monetary terms) and Georgia (17.50%).

In January-April of this year, Ukraine did not import manganese ore, just as it did last year.

As reported, Ukraine reduced manganese ore exports by 50.4% in 2025 compared to the same period last year—to 22,281 thousand tons—but ramped up shipments in August–December. While shipments for the first seven months of 2025 totaled 2,977 thousand tons, exports more than doubled in August, when 5,037 thousand tons were shipped; in September, they amounted to 1,725 thousand tons; in October – 3,993 thousand tons; 3,860 thousand tons in November, and 4,689 thousand tons in December.

In monetary terms, exports for the entire year 2025 fell by 45.2% compared to 2024—to $3.599 million. The bulk of exports went to Slovakia (99.22% of shipments in monetary terms) and Poland (0.78%). During this period, the country imported 37,006 thousand tons from Ghana worth $5.546 million; all shipments took place in November. In 2024, 84,293 thousand tons of ore were imported worth $18.302 million.

The Pokrovsk Mining and Processing Plant (PGZK, formerly the Ordzhonikidze Mining and Processing Plant) and the Marganetsk Mining and Processing Plant (MGZK, both in Dnipropetrovsk Oblast), which are part of the Privat Group, ceased the extraction and processing of raw manganese ore in late October–early November 2023, while the NZF and ZZF plants halted ferroalloy smelting. In the summer of 2024, the ferroalloy plants resumed production.

PGZK and MGZK did not produce any output in 2024, whereas in 2023, PGZK produced 160,310 tons of manganese concentrate, while MGZK was idle.

In 2025, PGZK produced 63,900 tons of manganese concentrate worth UAH 342.138 million and sold 25,400 tons worth UAH 216.309 million. In 2026, the plant plans to increase manganese concentrate production by 3.44 times compared to the previous year—to 220,000 tons.

In Ukraine, manganese ore is mined and processed by the Pokrovsky and Marganetsky Mining and Processing Plants.

The consumers of manganese ore are ferroalloy enterprises.

,

“TK-Home Textiles” has shipped products worth over EUR 160,000 to Denmark

TK-Home Textiles, part of the Textile-Contact (TK Group) of companies, shipped goods worth over EUR160,000 to a customer in Denmark, marking the largest export shipment since the start of this year, according to TK Group owner Oleksandr Sokolovskyi.

“We’ve had our largest export shipment since the start of the year—two full truckloads of products manufactured by TK-Home Textiles were shipped to Denmark. And this is just for one client who started working with us very cautiously last year but has already increased the order volume fivefold since the start of the year compared to 2025,” Sokolovsky wrote on Facebook.

He reported that the shipment included jackets, thermal underwear, knitwear (sweaters, hats, scarves), and children’s shoes.

“And while we’ve only recently started manufacturing shoes ourselves at the factory in Chyhyryn (which we took over), we’ve been sewing all other items for a long time at our own production facilities in Kyiv, Chernihiv, and Odesa. Cotton fabrics and insulation (siliconized synthetic down) also come from our own factories, which allows us to minimize costs and remain independent of imports with their constant logistical risks,” the post reads.

Sokolovsky emphasized that the company’s European partners primarily value geographical proximity and fast logistics; full-cycle, diversified production—from the creation of threads and fabric to the finished product; the quality of natural cotton materials; consistent quality control at every stage; as well as “fair and competitive prices.”

“The last point is very important because all customers are counting their money, and we have to withstand fierce competition from Chinese, Turkish, and other powerful manufacturers who, at the same time, operate in peaceful and stable conditions without facing our military, energy, personnel, and other risks,” he emphasized.

Sokolovsky also added that it has become more difficult for Ukrainian manufacturers to “compete” for European customers, and the company must constantly prove that even in the event of force majeure at any of the TK-Group factories, other factories will cover the orders and the products will be shipped on time.

“While in 2022–2023 European customers genuinely sympathized with us and sincerely tried to support us with orders, over the past couple of years—even when we offer competitive prices and guarantee quality—it has been very difficult to turn discussions into signed contracts. Whether they’ve ‘grown tired’ of our war, whether their insurance companies are giving them a hard time, or whether it’s just politics—who knows… But their protocols point to risks, and it’s easier for them to turn us down and shift orders somewhere in Asia,” he wrote.

In addition, the owner of “TK-Group” emphasized that we must fight for every foreign client also because demand for textile products in the domestic market has significantly decreased for obvious reasons (population decline and reduced purchasing power).
“Cheap imports, mostly contraband, have unfortunately not disappeared either,” the post notes.

“TK-Home Textiles” is a leading manufacturer of fabrics, home textiles, and children’s products in Ukraine. Its portfolio of assets includes one of the few finishing factories in Ukraine producing cotton fabrics in Chernihiv, “TK-DT Chernihiv.” Its assets also include sewing factories in Kyiv, Ternopil, Chernihiv, and Odesa; a shoe factory in Chyhyryn; a knitting facility; and a synthetic fiber production facility in Chernihiv.

As reported, the countries importing “TK DT” products include Denmark, Germany, Lithuania, Latvia, Georgia, France, Romania, Sweden, and Slovakia.

TK Group was founded in 1995. It currently operates as a holding company that encompasses the full range of services in the textile industry—from raw materials and yarns to finished solutions for B2B, B2G, and B2C clients. The group’s founder is Sokolovsky, chairman of the Light Industry Defense Procurement Committee at the Federation of Employers of Ukraine.

, , , ,

Kormotech expects revenue of €200 mln in 2025, with exports accounting for 30%

The Ukrainian group of companies Kormotech, a manufacturer of dog and cat food, expects revenue of approximately €200 million by the end of 2025, with exports currently accounting for 30% of sales, said co-owner and CEO Rostislav Vovk at the Forbes Ukraina Exporters Summit.

“We are currently working very hard on this (increasing the export share – IF-U). I am confident that by 2028–2029, we will increase our export sales to at least 45% of our turnover and continue to grow from there. In other words, for us, internationalization means that the majority of our revenue comes from foreign markets,” Vovk noted.

According to the CEO, the company is currently actively expanding its presence in the U.S. Last year, revenue in the U.S. market was approximately $4 million, but the plan for this year calls for growth to over $10 million. The products are already available on Amazon and the specialty retailer Chewy, as well as in 150 stores in the New York area and neighboring states. Vovk added that “this is precisely why we are in the United States—to understand which trends will reach Europe in a few years.”

Assessing competitiveness, the CEO noted that Europe currently lags behind the U.S. in innovation by five to seven years. For Ukrainian businesses, expansion is a way to “gain a foothold” to ensure the company’s stability regardless of the domestic situation in the country, energy supply issues, or veterinary risks.

In Europe, Kormotech’s strategy is focused on 15 countries in Central and Eastern Europe. The priority markets are Romania, Bulgaria, and the Baltic states. In particular, in Lithuania—which the company considers its “second home market” due to the presence of its own factory there—the manufacturer already controls 10% of the market.

Vovk named Bulgaria and Romania as the most promising markets in the region, as they are growing rapidly and the company’s products are ideally suited to the needs of local customers. According to him, experience in Ukraine allows the company to anticipate competitors’ moves and the stages of development in these markets.

The company’s CEO emphasized that expansion into new markets requires long-term investment—five to eight years of operating without profit to successfully compete with multinational giants. The manufacturer continues to invest in diversification and uses its own profits for development in EU countries.

In terms of capital, Kormotech is exclusively considering an acquisition strategy and is currently seeking suitable targets. The expansion is financed through internal funds and credit lines from the EBRD and Raiffeisen Bank. At the same time, the company remains a family business: according to the “family constitution,” bringing in outside investors is only possible for a minority stake, with the owners retaining the mandatory right to buy it back in the future.

“We are building a century-old company, so we cannot afford to ‘shoot in all directions at once.’ Our path is to establish corporate governance where shareholders have systematic control, and the business develops as a large family structure, following the example of Mars or Walmart. (…) My main advice to my past self is not to expect very quick victories, not to enter Poland right away due to the extremely fierce competition in the discount market, and not to be afraid of mistakes, because without them it would be impossible to achieve what we have now,” Vovk concluded.

Kormotech is an international family-owned company with Ukrainian roots, founded in 2003. It produces cat and dog food under the brands Optimeal, Club 4 Paws, Delickcious, Meow!, Woof!, and My Love. It has production facilities in Ukraine and the EU, and its product range includes over 650 items. The company’s products are available in 55 countries worldwide, both under its own brands and under the brands of partner companies.

According to published information, the company’s strategic goal is to become one of the top 30 global pet food manufacturers by 2029, with annual revenue of EUR500 million, of which EUR300 million is planned to come from European markets.

,