Danish Defense Minister Troels Lund Poulsen said that Ukrainian defense companies may soon start production in Denmark.
“The second thing I will mention today is what could be called the ‘Danish model 2.0’. I hope that in a few weeks we will invite the first Ukrainian defense company to start production here in Denmark, in a safe environment,” he said during a briefing with EU foreign policy chief Kaja Kallas on Friday.
Poulsen noted that he expects other Ukrainian defense companies to join the process later this year. “And I believe that this will also be a way to provide even more support to Ukraine,” he stressed.
The minister also said that he discussed this initiative during his visit to Kyiv on Sunday. “During this visit, I had the opportunity to talk to both President Zelensky and the new Minister of Defense Denys Shmyhal about the prospects of inviting Ukrainian defense companies to start production here in Denmark. And they fully support this idea,” he said.
PrJSC Carlsberg Ukraine, a producer of beer, non-alcoholic and alcoholic beverages, increased its production by 8% in 2024, which allowed it to increase its net income from sales by 15.5%.
According to a report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), Carlsberg Ukraine PJSC’s net financial result for 2024 increased by 19.38% and amounted to UAH 2.2 billion.
“The increase was due to revenue from the sale of all types of products, but mainly from the sale of non-alcoholic beverages (+49.6%) and cider (+33.6%),” the company explained, adding that 96.3% of the products manufactured were sold in Ukraine, with the remaining 3.7% exported.
PrJSC Carlsberg Ukraine continued its operations throughout 2024 and exported its products directly from Ukraine to more than 20 countries around the world. At the same time, the company used 100% Ukrainian barley to manufacture its products in order to support local farmers and the Ukrainian economy.
Currently, beer accounts for 86% of Carlsberg Ukraine’s production, cider for 1%, and non-alcoholic beverages for 13%.
According to the company, as a result of modernization and the launch of new lines, by the end of 2024, its market share by segment within the framework of innovations was as follows: alcoholic beer – 30%, non-alcoholic beer – 42.7%, kvass – 35%, cider – 55.8%, energy drinks – 6%.
PJSC Carlsberg Ukraine referred to data from the industry association Ukrpivo, according to which the company currently holds 33.3% of the market in the “alcoholic beer” category. The sales leaders in the group’s portfolio for 2024 were products under the Lvivske, S&R’s Garage, and Tuborg brands.
Somersby cider and Kvas Taras continue to occupy leading positions in their product categories.
According to the State Fiscal Service, Carlsberg Ukraine PJSC was included in the list of Ukraine’s largest taxpayers in 2024 and paid UAH 3.401 billion to the country’s budgets at all levels in the form of taxes and fees.
The company’s management emphasized that there is only one significant factor of uncertainty that could raise significant doubts about the company’s ability to continue its operations without interruption: a further significant escalation of military action, which could destabilize operations in Ukraine. In such a case, the Ukrainian representative office relies on the parent company having sufficient resources to continue its operations. At the same time, the Ukrainian division has promised to make every effort and take all possible measures to minimize any negative consequences.
According to data from Opendatabot, in 2024, Carlsberg Ukraine PJSC increased its revenue by 15.5% to UAH 12.488 billion, net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.
Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a large portfolio of beer and other beverage brands. Carlsberg Ukraine includes factories in Zaporizhia, Kyiv, and Lviv. Carlsberg’s portfolio in Ukraine includes beer, alcoholic and non-alcoholic beverages of such brands as Lvivske, Robert Doms, Baltika, Carlsberg, Tuborg, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, etc.
The production of Ukrainian weapons will be organized in Lithuania, according to an agreement reached at a meeting between the defense ministers of the two countries, the Lithuanian Defense Ministry’s press service reported on Tuesday.
“During the meeting between Lithuanian Minister of National Defense Dovilė Šakalenė and Ukrainian Minister of Defense Denys Shmyhal, a bilateral Protocol of Intent on the production of Ukrainian weapons in Lithuania was signed, and the types of weapons to be produced and further steps were discussed,” the ministry said in a statement on its website.
It is noted that the document “provides for joint production of defense industry products, technology transfer, project development, and localization of production in Lithuania.”
“This will pave the way for long-term partnership, strengthening collective European security, and creating sustainable supply chains,” the Lithuanian Ministry of Defense said.
According to Šakalėnė, Lithuania remains firmly committed to further supporting Ukraine. According to the minister, “in the coming years, it is planned to allocate more than EUR 200 million to support Ukraine for projects related to armaments, anti-drone systems, demining, rehabilitation, training, and support for Ukraine’s defense industry.” The Lithuanian Defense Minister also announced in Kyiv that Lithuania intends to contribute up to EUR 30 million to the PURL (Prioritized Ukraine Requirements List) initiative.
The minister also met with the leadership of the Ukrainian Air Force and air defense experts to discuss emerging challenges, lessons learned, and innovations in the field of air defense.
“We discussed Ukraine’s latest decisions in response to the changing situation with air threats and technological innovations. I want to ensure the most effective cooperation possible in strengthening our air defense and responding to the changing technologies and methods used by Russia. We agreed to hold regular expert consultations on the application of practical experience to strengthen our air defense,” Shakalene said.
According to her, “it is extremely important to strengthen airspace surveillance in order to detect Russian drones heading for Belarus as early as possible, which may subsequently violate Lithuanian airspace. To this end, it was agreed to exchange information between representatives of our air forces.”
In 2025, a number of European countries are expected to see a significant decline in apple production due to spring frosts, according to Serbian Economist, citing data from the World Apple and Pear Association (WAPA).
According to Serbian Economist, Greece will be hit hardest, with a 51.5% drop in harvest, followed by Romania with 39.5% and Serbia with 26.7% compared to last year. Experts attribute this to unfavorable weather conditions and, in some cases, a reduction in the area of fruit-bearing orchards in these countries.
According to WAPA estimates, total apple production in the European Union in 2025 will be about 10.46 million tons, which is 7.5% below the average for recent years, but almost corresponds to the level of 2024 (-0.1%). The largest decline is expected for Red Delicious (-19.2%) and Idared (-8.8%) varieties, while Golden Delicious volumes will decrease by 0.9% and Gala will remain at last year’s level.
At the same time, production is expected to grow in Austria, the Czech Republic, Poland, and Belgium, which will partially offset the decline in countries most affected by frost.
Source: https://t.me/relocationrs
In January-July of this year, DTEK Energy’s machine builders manufactured and repaired 1,992 units of mining equipment, including four new combines for mining operations, according to a press release from the company.
In addition, 1.4 million spare parts and components were manufactured.
As reported, in the first seven months of 2024, machine builders manufactured nine combines and 618,000 spare parts for mines.
“DTEK Energy’s machine builders continue to be a reliable source of important equipment for Ukrainian mines. Thanks to their work, coal mining companies can operate more reliably, maintain production, and energy companies can more confidently get through summer peak loads and prepare for the upcoming heating season,” said DTEK Energy CEO Alexander Fomenko, as quoted in the report.
As reported, in the first half of 2025, DTEK Energy invested UAH 2.9 billion in Ukrainian coal mining, while in 2024, investments in Ukrainian mines amounted to about UAH 7.5 billion, and over the last three years (2022-2024) – UAH 18 billion.
DTEK Energy provides a closed cycle of electricity production from coal. As of January 2022, the company’s installed thermal generation capacity was 13.3 GW. A complete production cycle has been established in coal mining: coal extraction and enrichment, machine building, and maintenance of mining equipment.
Mining company Ferrexpo plc, with its main assets in Ukraine, ended January-June this year with a net loss of $196.004 million, compared with a net profit of $55.490 million in the same period last year.
According to the company’s interim report on Wednesday, the pre-tax loss for the period was $186.899 million, compared with a pre-tax profit of $75.671 million in January-June 2024.
Revenue in the first half of 2025 decreased by 17.5% to $452.607 million. At the same time, EBITDA amounted to $3.890 million compared to $79.043 million at the end of June 2024 and $69.310 million at the end of 2024.
Cash and cash equivalents at the end of June 2025 amounted to $52.262 million, at the end of June 2024 – $115.131 million, and at the end of 2024 – $105.919 million.
The report states that the group’s underlying EBITDA remained positive at around $4 million for the first half of 2025, despite losses for the period, although this is significantly lower than for the same period in 2024. The sharp decline was mainly due to lower operating profit as a result of an adjusted lower production plan following the refusal to refund VAT in Ukraine and lower realized prices, which could not be offset by the effects of lower C1 production costs and further cost-cutting measures initiated by the group during the second quarter of 2025.
Commenting on the group’s performance, interim CEO Lucio Genovese noted that the company started the year on a strong footing, with its best quarterly production since the full-scale invasion of Ukraine in February 2022. However, this momentum was significantly curtailed in the second quarter as the group was forced to reduce its activities due to the decision by the Ukrainian tax authorities to suspend VAT refunds to its subsidiaries. This is reflected in a 40% drop in production in the second quarter compared to the first quarter.
“We quickly took steps to reduce our costs. We have now had to reduce working hours or send approximately 40% of our employees on leave. We have also implemented programs to optimize the speed of disclosure, repair, and maintenance, and have reduced non-essential expenses across the business. These actions were necessary and mitigated the serious negative impact of the suspension of VAT refunds. We have managed to reduce our costs as much as possible to remain competitive in the face of low iron ore prices,” Genovese said.
He added that since the full-scale invasion of Ukraine in February 2022, Ferrexpo has continued to operate and export its products despite the enormous challenges caused by the war.
As reported, Ferrexpo posted a net loss of $50.03 million in 2024, down 41% from $84.753 million in 2023. Revenue for 2024 amounted to $933.263 million, compared to $651.795 million in 2023 (an increase of 43.2%). EBITDA amounted to $69.310 million, compared to $98.871 million adjusted for 2023. Cash and cash equivalents at the end of 2024 amounted to $100.835 million, compared to $108.293 million at the end of 2023, $106.397 million in 2022, and $117 million at the end of 2021.
Ferrexpo ended 2023 with a net loss of $84.753 million compared to a net profit of $219.997 million in 2022, which is four times lower than the profit in pre-war 2021 ($870.993 million). Revenue for 2023 amounted to $651.795 million, compared to $1 billion 248.490 million in 2022 (a decrease of 47.8%). At the same time, EBITDA fell by 83% to $130.242 million compared to $765.113 million in 2022.
Ferrexpo owns 100% of Yeristovsky GOK LLC, 99.9% of Bilanovsky GOK LLC, and 100% of Poltava GOK PJSC.
