According to the annual report published on the WSE, the Kernel agricultural holding reduced its capital investments in the 2025 financial year by almost half — to $73 million compared to $143 million a year earlier.
According to Andriy Verevsky, 2025F was one of the most difficult periods: due to poor harvests and reduced stocks, farmers held back their products in anticipation of price increases.
“The EBITDA margin fell from $121 to $66 per tonne as a result of aggressive behaviour by producers who speculated on future prices,” he said.
Kernel is Ukraine’s largest exporter of agricultural products, controlling about 10% of the global sunflower oil market and 27% of Ukrainian exports. Its main assets are terminals in the Black Sea basin, oilseed processing plants, and a logistics network across the country.
Since the beginning of 2025, companies operating in the stablecoin segment have attracted investments totaling $621.8 million, which is seven times more than the result for the whole of 2024 ($84 million), according to data from Defi Llama.
The largest round was financed by Hong Kong-based OSL Group, which received $300 million in July for international expansion.
“There is a real buzz around stablecoins right now, and this hype is entirely justified,” said Anna Shtebl, CEO of the Confirmo payment platform.
Experts attribute the growing interest to breakthroughs in the regulatory sphere. The decisive factor was the passage of the GENIUS Act in the US, which, according to MNEE CEO Ron Tarter, gave “the green light to corporate America, legalizing the industry.”
Against this backdrop, the market capitalization of stablecoins exceeded a record $297 billion. Coinbase predicts that by 2028, the figure will reach $1 trillion.
Another indicator was the IPO of issuer Circle in June: the company raised $1 billion, and its shares are now trading at $144, according to Yahoo Finance. Taking into account the financing of Circle and Figure Technologies, which Defi Llama attributes to the CeFi and RWA sectors, the total amount of funds raised exceeded $2.4 billion.
Market leaders Circle and Tether are facing increasing pressure. Fintech giant Stripe and major Wall Street players have announced their own “stablecoins.” Societe Generale’s crypto division (SG-FORGE) introduced the USDCV token, and JPMorgan confirmed the launch of the JPMD coin on the Base blockchain. According to the WSJ, Bank of America, Wells Fargo, and Citigroup are also considering creating their own digital assets.
“Institutional investors see stablecoins as the building blocks of digital finance,” said Zerion co-founder Evgeny Yurtaev.
In August, a number of banking associations criticized the GENIUS Act, saying it gives crypto companies an unfair advantage, particularly through the ability to pay interest to stablecoin holders. Banking lobbyists estimate that this could cause an outflow of more than $6 trillion in deposits.
Coinbase called these concerns a “myth.” The company’s policy director, Faryar Shiraz, noted that banks are trying to preserve their profits from transaction fees, which bring in about $187 billion annually.
Earlier, Standard Chartered analysts reported that the bank’s customers are increasingly preferring stablecoins over Bitcoin.
The average investment in hotel real estate in Ukraine has effectively doubled since 2022, according to Yevgen Kudryavchenko, a partner at Apartel Resorts, in an interview with Interfax-Ukraine.
According to him, despite the war and serious risks, investors have not only stayed in the market but are also ready to invest more in apart-hotels and hotel complexes. “People are counting on the long term. Despite the martial law, investments are coming in, and they are becoming more ambitious,” Kudryavchenko emphasized.
The expert noted that the increased interest is linked to hopes for post-war economic recovery, growth in domestic tourism, and the return of foreign guests.
Apartel resorts is a development company specializing in apart-hotel and hotel real estate projects in Ukraine.
During a reception in Kyiv to mark the 80th anniversary of Vietnam National Day, Pham Hai, Ambassador Extraordinary and Plenipotentiary of the Socialist Republic of Vietnam to Ukraine, emphasized that cooperation with Ukraine has significant potential in the areas of economy, technology, and culture.
“Over the past decades, Vietnam has achieved significant success in political, economic, and social development. In 2025, our GDP is projected to reach approximately $510 billion, and foreign trade turnover in 2024 exceeded $800 billion. Vietnam is among the 35 largest economies in the world and among the top 20 leading exporters,” the diplomat noted.
The ambassador said that despite difficult conditions, bilateral trade between Vietnam and Ukraine is showing positive dynamics: in the first half of 2025, its volume increased by 30% to $560 million.
He separately emphasized the role of the Vietnamese community in Ukraine, which numbers more than 800 people and acts as an “important bridge of friendship between the peoples.”
“We highly appreciate the contribution of Ukrainian specialists to the development of Vietnam after the war, as well as the support of our diaspora in Ukraine, which is actively integrated into local society while preserving its cultural identity,” the ambassador said.
Diplomatic relations between Ukraine and Vietnam were established on January 23, 1992. The Vietnamese Embassy in Kyiv opened in 1993, and the Ukrainian Embassy in Hanoi opened in 1997.
Vietnam’s economy (as of 2025)
The Antimonopoly Committee of Ukraine (AMCU) has granted permission to Vitaly Antonov’s Vi.An Holding Limited (Limassol, Cyprus) to acquire control over Kairos Holding LLC, the AMCU press service reported on Facebook.
“The decision to acquire is a logical continuation of our development strategy in the agricultural sector and expansion of the land bank. The interest in Ternopil and Rivne regions, where the land bank of the above-mentioned company is concentrated, is due to both favorable natural and climatic conditions and better yields compared to other regions of Ukraine,” the corporate communications department of OKKO Group commented on the AMCU’s decision.
The company also reminded that it is completing the construction of an elevator with a storage capacity of 60 thousand tons, and a bioethanol plant is under construction, which is expected to start production in the second half of 2026. The facilities are designed to produce 85 thousand tons of bioethanol per year, both for domestic needs and for sale to foreign markets.
In addition, OKKO called the partnership with Gadz-Agro (Ternopil region) an important component of its agricultural portfolio, with which the company is developing agricultural production.
Kairos Holding LLC was founded in 2024 in Lviv. The company specializes in growing cereals, legumes and oilseeds, organizing the construction of buildings, intermediary in the trade of a wide range of goods, wholesale of solid, liquid and gaseous fuels, etc.
According to the Opendatabot service, in 2024, the company received revenue of UAH 1.543 million, a net loss of UAH 1.136 million, has debt obligations of UAH 857.395 million, and assets are estimated at UAH 856.31 million. The authorized capital is UAH 50 thousand. The company employs 1 employee. The beneficiaries are businessmen Bohdan Kuspis and Ivan Kotsyo, who own a number of bakery plants in Lviv and Vinnytsia, restaurants, construction companies, etc.
OKKO Group unites more than 10 diversified businesses in manufacturing, trade, construction, insurance, maintenance and other services. The flagship company of the group is Galnaftogaz, which operates one of the largest filling stations in Ukraine under the OKKO brand, with about 400 filling stations.
The group’s founder and ultimate beneficiary is Vitaliy Antonov.
Ukraine has significant reserves of titanium, graphite, manganese, lithium, uranium, and other critical materials and will work to establish production of components for batteries, solar panels, and defense technologies, This vision for the development of critical materials (CRM) was presented by Deputy Minister of Economy Andriy Telyupa at the URC2025 Recovery Conference in Rome.
“The goal is to attract more than $2 billion in investments and launch more than 20 projects in five years. In the future, Ukraine should become not only an exporter of raw materials, but also a production base for green and defense tech within the EU,” he wrote on Facebook.
According to an Interfax-Ukraine correspondent, unlike previous programs, URC2025 included two separate events dedicated to CRM: a session and a workshop. Among the participants, in addition to representatives of the Ukrainian government, were representatives of the DFC, EBRD, DECOMAR, DG GROW, Chemours, Horizon Capital, TechMet, and BGV Group Management.
In addition, Telyupa presented Ukraine’s industrial strategy concept at the conference, which aims to create a modern economy with high added value to strengthen the country’s security and integrate it into EU production chains.
“The focus is on sectors where we have competitive advantages: machine building, steel, titanium, lithium, graphite, as well as the IT sector and renewable energy. By the end of 2025, we will finalize the strategy, with implementation planned for 2026-2030.
We are developing it jointly with the World Bank, the OECD, UNIDO, and the Kyiv School of Economics,“ the deputy minister said.
He also presented the ”Industrial Ramstein” initiative, created by analogy with the Defense Rammstein format, to mobilize international assistance for the restoration and modernization of industry.
“The initiative provides for the transfer of equipment as humanitarian aid through G2G mechanisms, partial procurement financing programs, the involvement of export credit agencies to cover risks and reduce the cost of loans, B2B missions, staff training, and certification of production facilities in accordance with international standards,” Telyupa explained.
According to him, in addition, the URC2025 presented the “Green Platform,” a digital catalog of over 60 green financing programs for businesses, communities, and enterprises, created in collaboration with the Green Transition Office and integrated into the Made in Ukraine portal.
“(The catalog) will become a single point of entry for anyone looking for funding for energy-efficient, resource-saving, and low-carbon solutions,” said the deputy minister.
According to an Interfax-Ukraine correspondent, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko also signed a new project with the United Nations Industrial Development Organization (UNIDO) worth $188 million from the Japanese government for green industrial reconstruction.
Telyupa emphasized that this project involves technology transfer and the creation of joint ventures with Japanese companies. Within its framework, more than 30,000 Ukrainians will acquire new skills, and Ukrainian manufacturers will test and implement more than 40 advanced technologies in agro-processing, circular economy, IT, renewable energy, water, energy efficiency, and telemedicine.
