Business news from Ukraine

Business news from Ukraine

As of Sunday evening, a buildup of vehicles is observed on the Ukrainian-Polish border

As of Sunday evening, a buildup of vehicles heading to Ukraine is observed on the Ukrainian-Polish border, the Western Regional Directorate of the State Border Guard Service of Ukraine reports.

Thus, at the Hrushev checkpoint, a queue of 30 cars and 6 buses has formed for entry into Ukraine; at the Krakivets checkpoint – 70 cars and 11 buses; at Shehyni – 45 cars and 15 buses; and at Nyzhankovychi – 20 cars.

“At present, the Ugryniv, Rava-Ruska and Smilnytsia checkpoints are not overloaded for entry into Ukraine,” the State Border Guard Service noted.

A buildup of passenger cars leaving Ukraine was recorded only at the Hrushev checkpoint – 30 cars; there is no buildup of passenger cars at the other checkpoints.

At the same time, in bus traffic leaving Ukraine, a buildup is recorded at the Krakivets checkpoint – 4 buses, at the Smilnytsia checkpoint – 8 buses, and at the Nyzhankovychi checkpoint – 1 bus.

“To avoid long waits in front of the checkpoint, we recommend choosing less congested checkpoints, as well as crossing the border early in the morning or late in the evening,” the border guards urged.

, ,

Coal Energy Reported Loss of $1.46 Mln for First Nine Months of Fiscal Year 2026

Coal Energy S.A. (Luxembourg), having lost all its coal assets in Ukraine due to Russian aggression and shifted its focus to operations in Poland, reported a net loss of $1.46 million for the first nine months of fiscal year 2026 (FY, July 2025 – March 2026), the company reported a net loss of $1.46 million, whereas for the same period of FY 2025, its net profit was $1.6 million.

According to the company’s report to the Warsaw Stock Exchange, where its shares are listed, revenue for this period decreased by 31.8% to $2.06 million, while the operating loss increased by 82.1% to $0.55 million.

Coal Energy specified that from January through March of this year, its net loss amounted to $0.11 million, compared to a net profit of $1.97 million in the same quarter last year; revenue increased by 2.5% to $0.88 million; and the operating loss decreased by 33.3% to $0.05 million.

A week earlier, Coal Energy announced the suspension of a deal with Global Tech Opportunities 31, a fund belonging to the ABO Securities group, which involved the issuance of interest-free convertible bonds worth up to 14.5 million zlotys.

In the first half of 2026F, bonds worth 2.5 million zlotys ($0.67 million at the exchange rate at the time) had already been converted into newly issued shares, and as of mid-year, bonds worth 2 million zlotys remained unconverted.

As previously reported, Coal Energy posted a consolidated net profit of $4.12 million in FY2025, compared to a net loss of $2.12 million in FY2024, primarily due to the sale of four assets to the group. The company’s consolidated revenue grew by 52.4% in FY 2025, reaching 3.76 million.

In September 2025, the board approved the company’s Updated Development Strategy for 2025–2027, which reflects the recently secured financing, current investment projects, and the ongoing war in Ukraine.
“The updated strategy is built on four pillars: 1. coal mining in Poland and Romania, 2. providing mineral extraction services in Poland and Romania, 3. developing the extraction of critical raw materials in Central and

Eastern Europe and Ukraine, and 4. global consulting services for the mineral resources sector,” the previous report stated, whereas the new report does not include a description of these activities.
Coal Energy’s shares have been listed on the Warsaw Stock Exchange since August 8, 2011. Its main line of business was coal mining at two underground mines and operations at coal dumps in the Donetsk region.

Vyshnevetsky currently controls 58.74% through Lycaste Holdings, while Global Tech Opportunities holds 2.34%. A total of 24.42% of the shares are traded on the Warsaw Stock Exchange.

The company’s market capitalization as of June 30 stood at PLN 92.18 million ($24.45 million at the current exchange rate) at a share price of 2.00 zlotys, which had fallen by 1.28% since the start of the trading day following the publication of the financial report.

, , , ,

Polish President Says Ukraine’s EU Accession Would Pose Threat to Polish Agriculture

Polish President Karol Nawrocki stated that Ukraine’s accession to the European Union would pose a threat to Polish agriculture.

“I acknowledge that Ukraine’s accession to the EU poses a threat to Polish agriculture. As President of Poland, and while understanding Ukraine’s aspirations, I will always advocate for fair treatment of Polish farmers and Polish agricultural products, particularly in the context of the ‘Green Deal’ and EU decisions,”

Navrotsky said, according to a press release from the Office of the President.

He also added that Poland has “land that is far too beautiful” to “surrender Polish agriculture to either ideology or someone else.”

, , , ,

Allegro Plans to Launch Delivery from Poland to Ukraine

Allegro, Poland’s largest marketplace, plans to introduce delivery from the platform’s Polish sellers to Ukraine starting this June, and to create a separate platform, Allegro.ua, for Ukrainian companies in the future, according to a report by the Polish publication Wiadomosci Handlowe, citing sources.

“We are seeing a clear growth trend in cross-border e-commerce and increasing interest from foreign customers, including those from Ukraine. To support our partners even more effectively in their regional expansion, we are now implementing the first phase of a new delivery method—Allegro International Ukraine,” the article states.

It is noted that in the first phase of launching delivery to Ukraine, several hundred sellers from Poland will join the program.
“As part of the next phase, Allegro will open up to a wider range of Polish sellers who want to reach customers living in Ukraine,” the publication explains.

According to Wiadomosci Handlowe, Allegro’s integration with Ukrainian sellers could take place as early as 2027.
“This would be a turning point and, at the same time, proof that Allegro intends to seriously compete with marketplaces operating in Ukraine, such as Rozetka,” Wiadomosci Handlowe noted.

Overall, the marketplace is currently in the preparatory phase for launching this new initiative, specifically by recruiting partners and providing them with technical and operational support.
It is also specified that Nova Post will handle the delivery of packages from Polish sellers to Ukrainian customers.

Allegro is the largest marketplace in Poland, which also operates in the Czech Republic, Slovakia, Hungary, Croatia, and Slovenia.
In 2021, the company announced the acquisition of the Czech e-commerce group Mall Group and the logistics company WE|DO. The deal was finalized in April 2022, allowing the marketplace to enter the markets of the Czech Republic, Slovakia, Hungary, Croatia, and Slovenia.

, , ,

Polish Embassy in Ukraine held reception at “Saint Sophia Cathedral” to mark Constitution Day

The Embassy of the Republic of Poland in Ukraine held a formal reception at the St. Sophia of Kyiv National Reserve to mark the anniversary of the adoption of the Constitution on May 3—one of the key documents in the history of Polish statehood and European constitutionalism.

Speaking at the reception, the Polish Ambassador to Ukraine Piotr Łukasiewicz emphasized that the May 3 Constitution was “an act of courage and foresight” and an attempt to create a state “in which laws define the limits of power, not the other way around; where the common good prevails over private ambitions.”

According to him, these ideals resonate particularly strongly today in Ukraine, which is fighting for its sovereignty, freedom, and place in the European community of nations.

“Since the beginning of Russia’s aggression against Ukraine, Poland has supported its independence and its right to choose its own path. We see before us not only a neighbor but also a European partner with whom we are united by shared civilizational values: human dignity, respect for human rights, and faith in a future based on law, not force,” the ambassador noted.

He emphasized that Poland supports Ukraine’s aspiration to join the European Union, calling this goal realistic but one that requires consistent work.

“Membership in the European Union is not just a flag and equal status in relations with EU institutions. Above all, it is a system of values and institutions that protect citizens from the arbitrariness of power,” the diplomat said.

The ambassador emphasized that institutional independence, transparency, accountability, effective public administration, and the equal application of laws to all citizens regardless of position or influence remain crucial for European integration.

He also highlighted the importance of judicial reform, the fight against corruption, transparency in public finances, and the protection of journalists and civil society.

“I want to emphasize one key principle: the rule of law is stronger than any political power. The law curbs abuse and ensures predictability, and predictability is a prerequisite for security and economic development,” the ambassador stated.

He noted that Ukraine is currently undergoing an extraordinary test, simultaneously defending its territory and building institutions. Poland, he said, supports these efforts not only politically but also through the exchange of experience, training, and technical and institutional assistance.

“Poland, having gone through its own transformation, shares its experience and supports Ukraine on its path to EU membership,” the diplomat emphasized.

The ambassador also noted the development of economic cooperation between the countries even amid a full-scale war. According to him, Poland and Ukraine are working to create a “Polish model” of defense cooperation, through which the armed forces of both countries will receive modern, battle-tested, and jointly produced equipment.

He also mentioned the work of Polish companies in Ukraine. In particular, the gas and fuel supplied by Orlen, according to the ambassador, not only meet the transportation needs of Ukrainian citizens but also support Ukraine’s defense. PZU is implementing the largest foreign investment project in its history on the Ukrainian insurance market, while Kredobank is expanding its presence in Ukraine and is set to become one of the sources of funding for the reconstruction of cities.

“I am grateful to these companies for their activities in Ukraine, for their worthy representation of the Polish economic miracle, and for their generous support of today’s reception,” said the ambassador.

The diplomat emphasized that joining the international community does not mean a loss of sovereignty, but rather is a way to strengthen it. According to him, the implementation of standards of the rule of law, transparency, and accountability strengthens the state, increases investor confidence, protects the rights of minorities, and enriches public life.

“Standing here today, I think of the courage of the men and women defending Ukraine on the front lines, but also of the courage of the reformers, members of the Verkhovna Rada, judges, journalists, and citizens who participate daily in building the rule of law and institutions. Poland recognizes and highly values these efforts,” the ambassador stated.

He emphasized that Ukraine’s victory—both “military and institutional”—is a victory for all of Europe.

“Freedom and the rule of law cannot be taken for granted—they require care, renewal, and protection. That is why we stand with Ukraine—as a partner, ally, and friend—in its pursuit of security, prosperity, and full membership in the family of European nations,” the diplomat concluded.

The Constitution of May 3 was adopted in 1791 by the Polish-Lithuanian Commonwealth and is considered the first modern constitution in Europe and one of the first in the world.

Poland became the first country in the world to recognize Ukraine’s independence following the all-Ukrainian referendum on December 1, 1991: Warsaw did so on December 2, 1991.

The Embassy of the Republic of Poland in Kyiv was opened in 1992, and the Embassy of Ukraine in the Republic of Poland in Warsaw resumed operations in June 1992 following the establishment of diplomatic relations between the two independent states.

, , , ,

Coke imports to Ukraine fell by 2.1% over four months

In January–April of this year, Ukraine reduced its imports of coke and semi-coke by 2.1% in volume terms compared to the same period last year, down to 251,317 thousand tons.

According to statistics released by the State Customs Service (SCS), 59,900 tons of coke were imported in April, 68,313 tons in March, and 54,408 tons in February.
Coke imports in monetary terms in January–April 2026 increased by 5.7% to $87.651 million. Coke was imported from Poland—accounting for 97.95% of shipments in monetary terms—the Czech Republic (1.63%), and Colombia (0.37%).

The country did not export any coke during the first four months of the year.

As reported, in 2025, Ukraine increased its imports of coke and semi-coke by 5.9% in volume terms compared to the previous year—to 700,650 thousand tons—and increased revenue by 1.4%—to $238.656 million. Coke was imported mainly from Poland (93.37% of shipments in monetary terms), Indonesia (4.01%), and the Czech Republic (2.59%).

In 2025, Ukraine exported 3 tons of coke worth $2,000 to Albania.
Additionally, it was reported that in January 2025, Metinvest suspended operations at the Pokrovsk Coal Group due to changes in the situation on the front lines, electricity shortages, and a deteriorating security situation.

, , ,