Business news from Ukraine

Business news from Ukraine

Ukraine allocates $45–50 bln annually to weapons production

Ukraine allocates $45–50 billion annually to weapons production, and funding for the Armed Forces is secured, stated Ukrainian President Volodymyr Zelenskyy.

“Ukraine is currently allocating $45–50 billion annually to weapons production. We have managed to reach what I consider to be a very high level. We have the funds to finance the Armed Forces of Ukraine. We must ensure precisely this sufficient level of funding for both production and the army, and not just for now, for these years, but for the long term,” Zelenskyy said at a press conference with NATO Secretary General Mark Rutte on Wednesday.

The head of state noted that Ukraine is working to provide “this level of funding, unprecedented in our history,” exclusively for all types of domestically produced weapons.
On April 20, Zelenskyy stated that Ukraine is investing $30 billion in the defense industry for 2026, but the defense sector is ready to produce $60 billion worth of goods.

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“Zaporizhkox” increased coke production by 0.4% in January–May

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, increased its blast furnace coke production by 0.4% in January–May of this year compared to the same period last year, reaching 359,400 tons.

According to the company, 77,700 tons of coke were produced in May, compared to 75,000 tons in the previous month.

“In times of greatest trials, it is not only resources or technology that matter, but the unity of people. We have learned to work in conditions of uncertainty, respond quickly to challenges, support one another, and stay the course together. It is this solidarity that helps us endure, maintain production, and move forward even during the most difficult times,” said Zaporizhkox CEO Oleksandr Bekhter.

As reported, Zaporizhkox increased its output by 2.7% in 2025 compared to 2024—to 898,300 tons, while in 2024, it increased by 2.1% to 874,700 tons from 856,800 tons in 2023.

Zaporizhkox possesses a full technological cycle for the processing of coke-chemical products.

Metinvest is a vertically integrated mining and metallurgical group of companies. Its main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Ukraine plans to increase biomethane production to 150 mln cubic meters

Ukraine plans to increase biomethane production to approximately 150 million cubic meters by 2026, and a production level of 500 million cubic meters is a realistic goal by 2030, according to a forecast by the Ministry of Economy, Environment, and Agriculture following a meeting with the European Investment Bank

“Ukraine has significant resources for producing biomethane from agricultural waste, livestock byproducts, straw, and sugar beets, which meets European requirements for ‘green’ fuel,” Deputy Minister Taras Vysotsky is quoted as saying in a press release on the ministry’s website.
He emphasized that exports to the EU should become the main driver of market development. The Deputy Minister noted that in 2025, Ukrainian private producers exported over 11.2 million cubic meters of biomethane via Ukraine’s gas transmission system for the first time.

Among the key challenges, he cited integration into the European certification system and the creation of the necessary technical database.
Following the meeting, the parties agreed to continue coordinating their work and further developing priority areas of cooperation in the fields of land reclamation, water resource management, and the development of sustainable agricultural infrastructure, as well as the biomethane sector.

As reported, on April 23, 2026, the government approved the Biomethane Production Development Program for the period up to 2035, which calls for increasing production to 2.1 billion cubic meters over 10 years.

According to data from the “Gas Transmission System Operator of Ukraine” (GTSOU), as of early February 2026, the declared capacity of biomethane producers in Ukraine, based on issued technical specifications for connection to the gas transmission system, stood at 11,000 cubic meters per hour, which equaled 96 million cubic meters per year.

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Centravis increased production by nearly 6% in first quarter

Centravis Production Ukraine (Nikopol, Dnipropetrovsk Oblast), a subsidiary of Centravis Ltd., reported an increase in production and financial performance for January–March of this year compared to the same period last year.

According to a press release on Thursday, the company’s production volume rose by nearly 6%—from 3,210 tons in the first quarter of 2025 to 3,400 tons in the first quarter of 2026.

Export volume grew even more—by 10%, from UAH 1.24 billion to UAH 1.37 billion.

The company also increased tax payments to budgets at various levels. In the first three months of 2026, Centravis paid UAH 170.6 million in taxes, which is 19% more than in the same period last year.

“I believe we achieved a good result in the first quarter, especially given the harsh winter and the persistently difficult security situation in Nikopol. We are very grateful to our team and the Ukrainian Armed Forces for this. We will continue to do what we do best—develop production and strengthen our position in the global market,” said Yuriy Atanasov, CEO of Centravis.

In 2025, the company produced 13,770 tons of products. Nearly the entire volume is exported to foreign markets. The company’s main markets remain Europe, the U.S., and the Middle East.

Centravis’s production facilities are located in Nikopol and Uzhhorod. The company also has sales offices in the U.S., Germany, Italy, Switzerland, Poland, and the United Arab Emirates.

As previously reported, the company planned to increase production to 15,000 tons in 2025.

Centravis was founded in 2000 and is among the top ten largest manufacturers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovsk region). In 2023, the company opened a branch in Uzhhorod.

Centravis Ltd. was established on the basis of CJSC “Nikopol Stainless Steel Pipe Plant” and the service and trading companies LLC “Production and Commercial Enterprise ”YUVIS.” Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine PJSC.

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Ukraine reduced pig iron production by 0.3% in January–April

According to preliminary data, Ukrainian steelmakers reduced pig iron production by 0.3% in January–April of this year compared to the same period last year, down to 2.356 million tons.

According to information from the Ukrmetallurgprom association on Monday, 554,000 tons of pig iron were produced in April, 690,200 tons in March, 561,900 tons in February, and 549,900 tons in January.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, reaching 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023, reaching 7.090 million tons.

In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022, reaching 6.003 million tons.

In 2022, the country reduced pig iron production by 69.8% compared to 2021, down to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced (103.6%).

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“Zaporizhkox” maintained coke production at last year’s level in January–April

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and coke-chemical products and a member of the Metinvest Group, maintained blast furnace coke production in January–April of this year at the same level as the first four months of last year—281,800 tons.

According to the company, 75,000 tons of coke were produced in April, compared to 77,500 tons in the previous month.

As reported, Zaporizhkox increased its output by 2.7% in 2025 compared to 2024—to 898,300 tons, while in 2024, output increased by 2.1% to 874,700 tons from 856,800 tons in 2023.

Zaporizhkox possesses a full technological cycle for the processing of coke-chemical products.

Metinvest is a vertically integrated mining group. Its main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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