Business news from Ukraine

Business news from Ukraine

Pavlo Baloha buys all real estate of Mukachevo knitwear factory “Mriya” at residual value

The owner of JSC “Mukachevo Knitting Factory ”Mriya‘’ (Zakarpattia region) will sell all the real estate of the factory to the recently established local LLC “Citygoal” at the residual value, which at the end of 2025 amounted to UAH 14.065 million.

According to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant decision was made at an extraordinary general meeting of shareholders on February 12, which was attended by one person – the owner of 99.86579% of the company’s authorized capital.

According to YouControl, Citygoal LLC was registered in Mukachevo in July last year with a share capital of UAH 20 million and its main activity being “construction of residential and non-residential premises.”

The owners of the company are Ivan Lilik – 33%, Mykola Medvid – 22%, and Pavlo Viktorovich Baloha – 45% (coinciding with the patronymic and surname of the son of the non-factional MP, former Minister of Emergency Situations, former head of the Transcarpathian Regional State Administration Viktor Baloha), who is listed as the ultimate beneficiary of this company.

According to information on the Mukachevo City Council website, on December 27, 2025, he granted permission to MTF Mriya to develop a detailed plan for the territory “to determine the possibility of building a multi-apartment residential complex with commercial, entertainment, and market infrastructure facilities.”

As reported, in November 2025, the owner of more than 98.87% of the shares of JSC “Mukachevo Knitting Factory ”Mriya,” which had been owned by the Lithuanian Utyanos Trikotazas, became the locally registered LLC Translum, owned by local entrepreneur Vladislav Vitvinov.

The general meeting of JSC “MTF ”Mriya” also decided to grant consent to the company’s director and supervisory board to sell the company’s movable property at a price not lower than its residual value (UAH 1.3 million at the end of 2025).

The announcement does not name the buyer of the movable property, but according to the draft decisions published in the announcement of the meeting, it was planned to sell this asset to the local company Teksto LLC, which, according to YouControl, was established in December last year with a statutory capital of UAH 1 million and its main activity being “underwear manufacturing.”

The owners of Teksto LLC are Mykola Medvid and Ivan Lilik (50% each).

The Mukachevo knitwear factory Mriya, which manufactures knitwear, was founded in 1973. Since 2005, it has been a subsidiary of Utyanos Trikotazas, which supplied raw materials and was the main buyer of its products.

In 2024, the factory incurred losses of UAH 7.4 million (46.6% less than in 2023) and reduced its net income by 15% to UAH 20 million. In January-September 2025, according to YouControl, its net income amounted to UAH 23 million, with losses of UAH 8.5 million.

As of early 2025, the factory employed 84 people, compared to 113 a year ago.

The authorized capital of JSC MTF Mriya is UAH 5.13 million.

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Lithuanian company sold Mukachevo knitwear factory “Mriya”

Translum LLC (Mukachevo, Zakarpattia region) became the owner of more than 98.87% of the shares of Mukachevo Knitwear Factory “Mriya” JSC, previously owned by Utenos Trikotazas JSC (Utenos Trikotazas, Lithuania).

According to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant purchase and sale agreement was signed by the parties on October 24 of this year.
According to YouControl, Translum LLC was registered on July 23 of this year with a registered capital of UAH 5 million, specializing in the production of knitwear and knitted clothing. The owner and ultimate beneficiary is local entrepreneur Vladislav Vitvinov.

Mukachevo Knitting Factory Mriya, a knitwear manufacturer founded in 1973, has been a subsidiary of Utenos Trikotažas since 2005.
The main supplier of raw materials and buyer of finished products is Utenos Trikotazas, which owned 98.95% of the factory’s shares.

According to the company’s financial report to the National Securities and Stock Market Commission, in 2024 it incurred a loss of UAH 7.4 million (46.6% less than in 2023) with a 15% reduction in net income to UAH 20 million.
As of the beginning of this year, the factory employed 84 people (compared to 113 a year earlier).

The authorized capital of JSC Mukachevo Knitting Factory Mriya is UAH 5.13 million, with a share par value of UAH 0.1.

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KRAKOVETS-BRODY-RIVNE, STRYI-MUKACHEVO MAY BECOME FIRST TOLL ROADS IN UKRAINE

Krakovets-Lviv-Brody-Rivne and Stryi-Mukachevo may become the first toll roads in Ukraine, but the decision on expediency will be made upon completion of the feasibility study of these projects, Deputy Infrastructure Minister for European Integration Hanna Yurchenko told reporters on Wednesday.
According to her, today there are not so many directions in Ukraine where there can be a toll road, which would be a payback project, due to the level of traffic. This is exclusively about the construction of new concession roads, which will duplicate the existing free routes.
To date, Ukravtodor has received two private initiatives to prepare two new concession projects. Classics of the genre, when it is a road in an open field. It will most likely be paid. The first is the Krakovets-Lviv-Brody-Rivne route (the initiator is Avtomagistral-Yug) – more than 200 km of completely new construction, the alternative road to Kyiv-Chop and M-10 Lviv-Krakovets,” Yurchenko said.
According to her, the second private initiative is the Stryi-Mukachevo road (initiated by Onur). “Today, in principle, it is not a problem to get from Lviv to Zakarpattia region, but because of the passes and buildings on the existing direction, it is technically impossible to expand the road to four lanes. Therefore, the option of building a new road, which will pass slightly east of the existing Kyiv-Chop road, is being considered. If now we usually get from Lviv to Zakarpattia region in 2.5 hours, and even longer in winter, then the new road should reduce travel time by 60%,” Yurchenko said.
The deputy minister added that according to the ministry’s estimates, the feasibility study for Krakovets-Lviv-Brody-Rivne will be completed by the new year, the feasibility study for Stryi-Mukachevo a little later. The decision on the feasibility of each project will be made by Ukravtodor, and then coordinated with the Ministry of Economic Development and the Ministry of Finance.
“They can hypothetically be paid, but this will be confirmed after the feasibility study. Then we will be sure whether it is worth charging a fee, whether it will be generated at all, be self-sufficient,” Yurchenko said.

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UKRAINE READY FOR BUILDING AIRPORT IN MUKACHEVO

The Infrastructure Ministry of Ukraine is preparing for building an airport in Mukachevo (Zakarpattia region), Infrastructure Minister Vladyslav Krykliy has said.
“Now it is very important to maintain and develop regional airports. After all, during the pandemic, domestic tourism will remain a priority,” he wrote on his Telegram channel.
According to him, the reconstruction of the runway at the Odesa International Airport is also currently being completed (98% readiness); the airport is being modernized in Dnipro (the new runway, international and VIP terminals); the runway at the Kherson airport is improving; installation of aeronautical equipment at the Mykolaiv airfield is nearing completion.

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SLOVAKIA AND UKRAINE LAUNCH REGULAR TRAIN BETWEEN KOSICE AND MUKACHEVO

Ukrzaliznytsia in partnership with Slovakian Railways (ZSSK) from June 9, 2019 will launch daily trains between Kosice (Slovakia) and Mukachevo (Zakarpattia region). According to the press service of Ukrzaliznytsia, in particular, train pair Nos. 960/961 will depart from Kosice at 09:10 (local time) with arrival in Mukachevo at 14:00; and back – at 14:54 with the arrival at 18:13.
Train pair Nos. 962/963 will depart from Kosice at 12:01 with arrival in Mukachevo at 16:42; and back – at 18:20 with the arrival at 21:33. The train will make stops in Cierna nad Tisou and Chop. The ticket price will be about EUR 7.50.

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