Business news from Ukraine

Business news from Ukraine

PrivatBank has put up for auction lease of Dnipro Arena stadium and training base

PrivatBank has put up for auction on the Prozorro.Prozori electronic trading system the right to lease a sports infrastructure complex, which includes the Dnipro Arena stadium and a football training base with an indoor field.

According to the information in the system, the starting rent is UAH 2,698,700 per month (including VAT), the deadline for submitting bids is January 27, 2026, and the auction itself is scheduled for January 28, 2026.

It is also noted that the lease is offered for a term of one year with automatic renewal, the minimum price increase is set at 1%, and the security deposit is UAH 1,619,200.

According to the bank, the transfer of property for lease is carried out within the framework of the Strategy and Operational Plan for the Management of Problem Assets approved by the Supervisory Board, and the proceeds from the lease will be used to increase the bank’s financial results and, accordingly, the amount of taxes and dividends paid to the state budget.

Dnipro Arena is a European-class football stadium in Dnipro, renovated and opened in 2008, with a capacity of 31,003 seats. The football arena has a 105×68 m field, changing rooms, warm-up rooms, a gym, coaching rooms, rooms for media representatives, referees, a 296-seat VIP box, a 550-seat restaurant, and parking lots for athletes, staff, and spectators. The football field has a heating system, automatic irrigation, and artificial lighting for evening matches.

The training base is located in a forest park area in the Prydniprovsk district of Dnipro. Built in 1971, it was renovated in 2010. The training base includes three artificial and four grass fields, an indoor football field with artificial turf and stands for 506 seats, a cottage town for footballers to live in, and two office and residential buildings, including a medical and rehabilitation center, a conference room, rooms for coaching staff meetings, a swimming pool, a gym, a sauna, and showers.

As reported, the auction for the sale of the Dnipro Arena stadium and the former training base of the Dnipro football club, scheduled for October 30, 2025, did not take place due to a lack of bids. The initial cost of the lot was UAH 150 million, the guarantee deposit was 5% of the starting price (UAH 7.5 million), and bids were accepted from September 30 to October 29, 2025.

PrivatBank is Ukraine’s largest state-owned bank. According to the National Bank, PrivatBank’s total assets reached UAH 842.3 billion as of November 1, 2025.

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In Kyiv, premises were built without permits and leased as clinic

Law enforcement officials have notified a Kyiv resident of their suspicion that he built premises in the coastal zone of Lake Telbin without permits and leased them as a clinic, according to the Kyiv City Prosecutor’s Office.

“Under the procedural guidance of the Podil District Prosecutor’s Office of Kyiv, a resident of the capital has been notified of suspicion of unauthorized construction on an illegally occupied land plot,” the capital’s prosecutor’s office said in a statement on its Telegram channel on Wednesday.

It was established that a 63-year-old Kyiv resident, the director of a limited liability company, built a non-residential building attached to an existing building on a plot of land near Lake Telbin without any permits.

“He then leased the building to a private medical facility,” the prosecutor’s office said.

“The plot of land where the building was erected without permits is part of the coastal protection zone, where any construction is prohibited,” the statement said.

Source: https://interfax.com.ua/news/general/1116427.html?utm_source=telegram

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LAND CULTIVATION BY OWNER INSTEAD OF LEASING CAN LEAD UKRAINE OUT OF CURRENT DEAD-END MODEL OF LAND RELATIONS – EXPERT

The concentration of land in one hand by leasing land plots from their owners over the years of independence has led to the degradation of the Ukrainian agricultural industry, this problem can be solved by legally operating associations of landowners, consolidating in matters of growing and selling crops, head of the Ukrainian Association of Land Owners Roman Holovin said.

At a press conference at the Interfax-Ukraine agency on Thursday, he noted that the main problem of land lease relations in Ukraine is the concentration of land in one hand. Thus, 10% of the country’s agricultural land is concentrated in the ten largest Ukrainian tenants.

In addition, the user of the land, who is not its owner, is not interested in investing in the land asset, as well as in the further processing of agricultural products and the development of animal husbandry, the expert explains.

Holovin specified that the launch of the land market in 2021 did not change the situation for the better for the land owner, but continued the concentration of land in the hands of tenants. With its appearance, the rent for agricultural plots did not increase, the owner of the land did not receive the right to dispose of the land without the permission of the tenant, and the lease agreement is almost impossible to terminate. According to the expert, due to lack of prospects and intimidation by tenants, land owners are increasingly deciding to sell land for next to nothing.

“Ukraine found itself in a situation of a dead end in the implementation of land relations, which led to the decline of the agricultural sector, gave rise to socio-economic and socio-political contradictions and conflicts. Such land relations do not exist in any civilized country,” the head of the union emphasized during the press conference.

Holovin noted that associations of land owners are capable of resolving this issue, which consolidate joint efforts to sell their crops at the highest possible price, resolve the issues of production services and hiring subcontractors, accounting and tax administration. Such public independent management of land through participation in the community of land owners created by Holovin makes it possible to receive profit from the use of land by its owner 2-2.5 times more than non-public (shadow) agriculture, or management through the registration of the land owner as a private entrepreneur.

The community of land owners is a legal entity created by uniting land owners to consolidate the use of land plots in independent agricultural activities, at the same time socially significant for its participants, the society and the state as a whole. The organization is a single taxpayer of the fourth group and a value added tax payer, which implies a special taxation regime for the community and the owner of the land entering it.

“The community does not pay income tax, which means that the owner of the land does not pay it either. The land owner participating in the community does not pay the minimum tax liability (UAH 1,500-2,000 per ha of land), land tax (UAH 300-600 per ha), personal income tax (UAH 2,000-8,000 per ha of land) in the form of a tax liability and does not pay social security tax (22% of income received),” the expert specified.

At the same time, he clarified that community members have the opportunity to sell their crops at market value with VAT refunds, while individual farmers who grow agricultural products without state registration are forced to sell them 40-50% cheaper due to the lack of documents confirming their ownership of the crop.

Also, the community has the right to VAT refunds on the purchase of goods and services, pays a single tax in the amount of 0.95% of the normative monetary value of the cultivated land. In addition, it maintains personal accounting records for each participant, which means accounting for personal expenses and personal profits.

According to Holovin, the above tax and administrative preferences allow a land owner who independently cultivates land through participation in the community to have a significant advantage over illegal land owners and landlords. This way of managing allows him to receive an average of UAH 12,000-20,000 of profit per hectare of land.

According to his calculations, with a crop value of UAH 28,000/ha, the land owner can receive UAH 8,000-12,000 per hectare by optimizing taxation and accounting, and with a crop value of UAH 42,000/ha, he will earn UAH 14,000-22,000/ha.

“In the system of self-management, the income of millions of land owners is significantly increased, control of the agricultural sector and its centralized support are ensured, and most importantly, the country’s food security is guaranteed,” he summed up.

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SKYUP FROM UKRAINE READY TO TRANSFER 15 BOEING-737 AIRCRAFT ON WET LEASE (WITH CREW) TO FOREIGN AIRLINES

SkyUp Airlines (Kyiv) is ready to transfer 15 Boeing-737 aircraft on wet lease (with crew) to foreign airlines that do not fly to Russia and Belarus.
“We, the Ukrainian airline SkyUp Airlines, appeal to the global aviation family to support us and Ukraine in this fight. In our fleet, we have 15 medium-haul Boeing-737 aircraft, the average age of which is 12 years. They are all ready to work and available for wet leasing,” the airline said on its website.
SkyUp said that “by using our aircraft, you will help us continue our operational activities during the war and pay taxes to the state treasury, save 1,300 employees and support the affected Ukrainians as we will send every tenth dollar or euro to help the victims of the war.”
As reported, from 2:45 Kyiv time on February 24, 2022, the airspace of Ukraine is closed for civil traffic.

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