Business news from Ukraine

Business news from Ukraine

“Cherkasy Bus” Will Supply 23 School Buses to Transcarpathian Regional State Administration

Cherkasy Bus JSC will supply 23 school buses to the Transcarpathian Regional State Administration (RSA) for 98.265 million UAH (including VAT) or 81.89 million UAH (excluding VAT), with an expected procurement amount of 82.46 million UAH (excluding VAT).

According to information on Prozorro, the parties signed the relevant contract on July 14.
The plant was the sole bidder, offering 19 buses with two seats for students with limited mobility at a price of nearly 3.613 million UAH each, and four standard buses at a price of nearly 3.313 million UAH each (excluding VAT).

The buses were manufactured this year and comply with the Euro 5 emissions standard. The standard buses have 28 seats for students, while the specialized buses have 19. The localization rates are 68.4% and 70.66%, respectively.
As previously reported, the Transcarpathian Regional State Administration initially announced a tender to purchase the same number of buses for 97.202 million UAH (including VAT), but it was automatically canceled on July 6.

Transcarpathia subsequently announced a new tender for 82.46 million UAH (excluding VAT).
“Cherkasy Bus” recently signed a contract to supply 27 school buses to the Ivano-Frankivsk Regional State Administration for 113.45 million UAH (including VAT), including 17 buses with two seats for students with limited mobility for nearly 73.7 million UAH.

As previously reported, the sources of funding for Transcarpathia’s bus purchases include a state budget subsidy to the local budget in the amount of 88.097 million UAH (the full amount for the current year) and co-financing from the local budget in the amount of 10.858 million UAH, whereas in the previous tender, these amounts were 84.95 million UAH and 12.25 million UAH, respectively.

The “School Bus” program has been implemented since 2024 thanks to financial cooperation between the EU and Ukraine as part of the Ukraine Facility.
The state budget subvention for the program this year amounts to 2 billion UAH, and the purchase of over 540 buses is planned through the Prozorro Market electronic catalog.

The school bus market in Ukraine includes “Cherkasy Bus,” the Chernihiv Automobile Plant of the “Etalon” Corporation, the Zaporizhzhia Automobile Plant, and “Bas Motor” LLC (manufacturer of “Bogdan” buses). They manufacture small-class buses using imported components, with capacities ranging from 21 seats (the “Ataman” bus, which includes two seats for students with mobility impairments) to 40.

At the same time, as part of adapting the school transportation system to wartime conditions and the actual needs of communities, the Ministry of Education and Science is exploring the possibility of communities purchasing small-capacity buses (category M2) equipped for the safe transportation of children.
There is already an offer on Prozorro Market for a bus of this class from the company “Avtosnab,” which has developed and begun production of a school bus based on the Peugeot Boxer commercial van with 17 seats.

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“INGO” Offers to Insure Antonov JSC’s Risks for €5 Mln

On June 10, Antonov JSC (Kyiv) opened bids from tender participants for civil aviation risk insurance services (under insurance classes 1, 5, and 11), according to the Prozorro e-procurement system.

The price proposal from the sole tender participant, ASK “INGO,” amounted to €5.158 million, with an expected cost of €5.452 million.

As reported, insurance classes 1, 5, and 11 cover: aircraft insurance; air carrier liability insurance for damage caused to passengers, baggage, cargo, and mail; and civil commercial aircraft operator liability insurance for damage caused to third parties.

The company was the winner of a similar tender a year earlier.

INGO Insurance Company JSC has been providing insurance services for 30 years. Since 2017, the Ukrainian business group DCH has been the majority shareholder.

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“Cherkasy Bus” May Supply 27 School Buses to Ivano-Frankivsk Regional State Administration

Cherkasy Bus JSC may supply 27 school buses to the Ivano-Frankivsk Regional State Administration (RSA) for 113.45 million UAH, including 17 units with two seats for students with limited mobility for nearly 73.7 million UAH.

According to information on Prozorro, the plant was the sole participant in two relevant tenders held by the Ivano-Frankivsk Regional State Administration. It offered 17 buses for 73.7 million UAH against an expected amount of 73.909 million UAH, and in the second tender—10 standard school buses for 39.75 million UAH against an expected purchase amount of 40 million UAH.

The delivery deadline for the buses is September 30, 2026.

The Euro 5-compliant buses were manufactured this year, with a localization rate of over 68–70%.

As noted in the announcement, a state budget subsidy of 67.173 million UAH is allocated for the purchase of 17 buses, with co-financing from the local budget amounting to 6.736 million UAH. Accordingly, UAH 35.92 million and UAH 4.08 million have been allocated for the purchase of 10 buses.

As previously reported, starting in 2024, the “School Bus” program is being implemented thanks to financial cooperation between the EU and Ukraine as part of the Ukraine Facility.

For the program’s implementation, the state budget subsidy for the current year amounts to 2 billion UAH, with plans to purchase over 540 buses. The Ivano-Frankivsk region has been allocated 103.09 million UAH in state subsidies.

Founded in 1994, the “Cherkasy Bus” plant manufactures Ataman small-class buses (including city, suburban, school, and specialized models), as well as other wheeled vehicles based on Japanese Isuzu components.

The plant ended 2025 with a net profit of nearly 83 million UAH—32% less than in 2024—amid a slight decline in net revenue to 1.733 billion UAH.

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Oschadbank Prepares to Sell Gulliver Complex via Prozorro

State-owned Oschadbank will soon announce the start of the sale of the Gulliver Retail and Office Complex (ROC) at an auction on the Prozorro public procurement platform, the bank’s CEO Yuriy Katsion said at the Forbes Banker forum on Thursday.

“We will soon announce the start of the sale of this complex at an auction on the Prozorro platform,” Katsion said.

The bank managed to seize the collateralized property and take it onto its balance sheet despite significant resistance and pressure from the former owner, who had long failed to fulfill his obligations.

Katsion emphasized that the Gulliver case is of historical significance for the investment climate and changes in banks’ lending approaches, as it demonstrated that the institution for protecting creditors’ rights works, and this allows the bank to adopt a more flexible approach to securing credit operations.

Despite numerous obstacles and attempts to block the complex, Oschadbank managed to fully restore its operations: as of February 1, the facility is operating normally, and nearly all tenants have returned to their usual activities.

As reported, on July 26, 2025, a decision was made to register state ownership of the Gulliver shopping center under a consortium comprising Oschadbank (80% – lead) and Ukreximbank (20%). This property served as collateral for the loan obligations.

The foreclosure proceedings were initiated by the two state-owned banks due to the failure of Tri O LLC—the debtor and owner of the complex—to fulfill its obligations under the loan agreement.

Following the meeting of Oschadbank’s Emergency Commission on October 30, a decision was made to recognize the situation that had arisen—including due to the refusal of Tri O LLC employees to transfer control of the Gulliver shopping mall’s critical engineering systems—as dangerous to human life and the operation of the complex.

On December 1, 2025, Oschadbank’s Emergency Commission decided to begin the phased reopening of the Gulliver complex following the resolution, in certain parts of the building, of the circumstances that led to the emergency.

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“Forests of Ukraine” saved UAH 700 mln on Prozorro tenders in 2025

In 2025, the state-owned enterprise “Forests of Ukraine” held tenders for the purchase of goods and services worth over UAH 10 billion, as a result of which it was able to save UAH 700 million, the press service of the state-owned enterprise reported on Tuesday.

According to the report, the top three categories of purchases were: logging and related services; fuel; vehicles, equipment, spare parts, and related services.

“97% of the procurement budget is directed through tenders on Prozorro. This is the highest figure not only since the establishment of the enterprise, but also in the entire history of Ukrainian state forestry,” the state-owned enterprise emphasized.

Lisy Ukrainy noted that the most revolutionary changes took place in the procurement of logging services, where traditionally contractors harvest about 80% of the timber, and the remaining 20% is harvested by the enterprise’s own teams. Prior to the reform, state forestry enterprises entered into direct contracts for harvesting without conducting a competitive procedure. Currently, 100% of logging services are procured through Prozorro.

The state-owned enterprise stated that since the beginning of the year, more than 2,000 tenders have been announced, and more than 1,500 procedures have been successfully completed for a total of UAH 2.7 billion.

At the same time, Lisy Ukrainy has centralized and demonopolized fuel purchases and now has several suppliers selected through tenders. The enterprise was able to save up to UAH 12 on each liter of fuel.

The state-owned enterprise added that it was able to achieve high results thanks to well-established communication with businesses, distributors, and manufacturers. This helped to adapt the terms of tenders to market realities and attract the widest possible range of participants to the tenders.

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“Forests of Ukraine” signed 800 agreements for timber harvesting through Prozorro

In January-June 2025, the state-owned enterprise “Forests of Ukraine” signed over 800 contracts through the Prozorro system for the harvesting of 5 million cubic meters of timber worth UAH 2.1 billion, the company’s press service reported on Telegram.

“Harvesting services account for the largest share of the company’s purchases. Traditionally, they were purchased under direct contracts. Last year, Forests of Ukraine began creating a transparent, open, and civilized timber harvesting market,” the state-owned company emphasized.

Lisy Ukrainy reminded that a number of entrepreneurs who were not used to working openly and did not accept the mechanism of public tenders resisted the reforms, but the procurement was successfully transferred to Prozorro. The state-owned enterprise demonstrated to businesses the advantages of concluding agreements through transparent, competitive auctions.

“The result is that thousands of workers are officially employed, contractors pay taxes to local budgets. There are more opportunities to monitor compliance with safety and working conditions. The opportunities for manipulation have been minimized—all contracts are published,” emphasized Lesy Ukrainy, adding that the formation of an efficient and competitive timber market is a guarantee that the company will fulfill its obligations to wood processors regarding timely deliveries of timber.

 

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