Business news from Ukraine

Business news from Ukraine

Indirect cost of housing construction in Ukraine has grown again – statistics by regions

The indirect cost of housing construction in Ukraine in the second quarter of 2025 increased by 2.8% compared to the previous quarter and by 14.3% to the same quarter of 2024, it follows from the indices of indirect cost of housing construction in the regions of Ukraine approved by the Ministry of Development of Communities and Territories (Ministry of Development).

The relevant document establishes indirect indicators of the cost of housing construction, calculated as of July 1, 2025. According to it, the average indicator in Ukraine is 25.3 thousand UAH/square meter, while on July 1, 2024 it was 22.2 thousand UAH/square meter.

According to the Ministry, the indirect cost of construction of 1 square meter of housing in Kiev in the second quarter rose to 29.6 thousand UAH, in Kiev region – to 25.3 thousand UAH, in Lviv region – to 25.2 thousand UAH, in Zakarpattya region – 22 thousand UAH, Ivano-Frankivsk region – 22.8 thousand UAH, Odessa region – 24.3 thousand UAH, Dnipropetrovsk region – 24.6 thousand UAH. Also high indicators are set in Kharkiv and Donetsk regions – 26.6 thousand UAH/sq. m.

 

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Ukraine has significantly reduced honey exports, main buyers – Germany, Spain, Poland

Ukraine exported 24.406 thousand tons of honey in January-June 2025, which is 1.9 times less than in the same period of 2024, when 48.113 thousand tons of this product was supplied to foreign markets. According to statistics released by the State Customs Service (SCS), revenue from honey sales for the period amounted to $53.261 million, which is 41.7% less than for the same period last year, when revenue amounted to $91.417 million.

The top three importers of Ukrainian honey in January-June 2025 were Germany, which accounted for 22.86% of purchases worth $12.177 million, Spain – 10.83% and $5.769 million respectively, Poland – 9.77% and $5.2 million respectively.

A year earlier, during the same period, the most active importers of sugar from Ukraine were Germany (25.76% at $23.546 million) and Poland (10.16% at $9.288 million), as well as the United States (15.27% at $13.955 million).

 

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Ukrainian Bar Association criticized amendments to legislation on NABU and SAP

The adoption of the law with amendments to the Criminal Procedure Code (CPC) No. 4555-IX (in the Rada it was under No. 12414) significantly weakens the independence of anti-corruption bodies, jeopardizes Ukraine’s European integration aspirations, and violates the principles of the rule of law and legality, in particular, due to the violation of procedures provided for by the regulations of the Verkhovna Rada, the Ukrainian Bar Association (UBA) made a public statement on Wednesday.

Among the norms criticized by the UBA are the abolition of the exclusive jurisdiction of the NABU and the SAP for corruption crimes, the deprivation of the SAP prosecutors of the authority to refer to the competence of the NABU other proceedings not expressly provided for by the CPC, and the consolidation of the right of the Prosecutor General to request the materials of any proceedings and the possibility of assigning the analysis of such materials for compliance with the requirements of the law to any other prosecutor.

The statement also notes the consolidation of the exclusive competence of the Prosecutor General to report suspicion of top officials and authorizing him to close criminal proceedings against top officials.

“The possibility of appointing a prosecutor without a competition – on the basis of a personal application and based on the results of a special inspection. Such a norm levels the selection standards, contradicts the principle of independence of the prosecutor’s office and creates risks for the legitimacy of personnel decisions”, – commented in the UBA another of the norms of the adopted law.

In its opinion, the fixing of such grounds for suspension of an investigator/detective as non-compliance with the prosecutor’s instructions can be used as a tool to influence the procedural independence.

The Association also pointed out that the grounds for conducting an “urgent” search without a court decision have been expanded to include the seizure or preservation of evidence, whereas previously it was possible only to ensure the life of persons, the safety of property or in the case of prosecution of persons.

The UBA notes that the independence of anti-corruption bodies is a key requirement of international partners and a condition for financial support to Ukraine. Its provision was envisaged, in particular, in the framework of visa liberalization with the EU and programs with the IMF.

“Moreover, such a law may create obstacles for Ukraine’s accession to the EU, because it violates the principles of the rule of law, which is a fundamental component of the European integration process. Given the above, the Ukrainian Bar Association calls on the Verkhovna Rada to initiate an immediate review of the provisions of the law, which undermine the institutional independence of the NABU and SAP,” the statement reads.

The Association also calls on international partners to continue monitoring and promoting compliance with the principles of independence of Ukraine’s anti-corruption system, and on the professional legal community and the public to work out changes that will comply with international standards of the rule of law.

https://interfax.com.ua/

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Former Secretary of the National Security and Defence Council of Ukraine Oleksandr Litvinenko may become ambassador to Serbia

According to information published in the Ukrainian media, former Secretary of the National Security and Defence Council (NSDC) of Ukraine Oleksandr Litvinenko may become the next Ukrainian ambassador to Serbia. This was reported by Verkhovna Rada deputy Oleksiy Goncharenko on his Telegram channel, citing sources in the presidential administration.

It is reported that Vladimir Zelensky will soon approve Litvinenko’s appointment to the diplomatic mission in Belgrade by decree.

There has been no official confirmation from the Office of the President or the Ministry of Foreign Affairs of Ukraine yet.

Oleksandr Valeriyovych Litvinenko, born on 27 April 1972 in Kyiv, is a Ukrainian statesman and public figure.

Education: graduated from the Institute of Cryptography, Communications and Informatics of the Russian FSB Academy (1994), received academic degrees in Kyiv and London.

He began his career in the Security Service of Ukraine (1994–1998), then held positions in the National Security and Defence Council, the Security Service and the National Institute for Strategic Studies.

In 2021–2024, he headed the Foreign Intelligence Service of Ukraine.
On 26 March 2024, by presidential decree, he became Secretary of the National Security and Defence Council, holding this position until July 2025, after which he was dismissed.

Litvinenko is a Doctor of Political Science, professor, major general, and Honoured Worker of Science and Technology of Ukraine.

According to Volodymyr Zelenskyy, Litvinenko is ‘a professional with an excellent reputation,’ and he himself is a key figure in the formation of diplomatic strategies.

It is expected that after the decree is signed, the appointment will be sent to the Serbian Assembly for approval. If the candidacy is approved, Alexander Litvinenko will head the Ukrainian diplomatic mission in Belgrade.

The main task is to strengthen bilateral political and economic dialogue, strengthen Ukraine’s position in the Balkans and promote European integration.

The appointment of Oleksandr Litvinenko as Ukraine’s ambassador to Serbia reflects Kyiv’s desire to strengthen its diplomatic presence in the Balkans. His experience working in the National Security and Defence Council, the Foreign Intelligence Service, and strategic institutions makes him a strong candidate for strengthening Ukrainian-Serbian relations.

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In first half of 2025, UAH 318.5 billion in customs payments were allocated to state budget of Ukraine

This amount of revenue is UAH 37.6 billion, or 13.4% more than in the same period of 2024. Among the main budget-forming goods that provided the largest revenues in January-June 2025, the following are in the lead:

– petroleum products – UAH 71.1 billion;
– passenger and freight vehicles – UAH 30.3 billion;
– petroleum gases – UAH 9.3 billion;
– mineral fertilizers – UAH 6.8 billion;
– fungicides, herbicides – UAH 6.0 billion;
– telephone sets – UAH 4.1 billion;
– cigars, cigarillos, and cigarettes – UAH 4.0 billion;
– coal – UAH 3.9 billion.

The main budget-forming goods, whose import growth ensured a significant increase in customs revenues in the first half of this year compared to the same period last year, were:

– petroleum products – by UAH 8.2 billion;
– petroleum gases – by UAH 4.8 billion;
– passenger cars – by 3.7 billion UAH;
– cigars, cigarettes, cigarillos – by 3.2 billion UAH;
– coal – by 2.3 billion UAH;
– agricultural machinery and equipment – by 1.1 billion UAH;
– electricity – by 1.1 billion UAH.

In turn, customs revenues were affected by a steady increase in the share of customs duties assessed on the import of certain goods into Ukraine in accordance with the legally approved list of exemptions. Thus, the total amount of customs duty exemptions on imports of goods in January-June of this year amounted to UAH 140.12 billion, which is 42% or UAH 41.61 billion more than in January-June 2024.

 

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“Energoatom and Holtec agreed to build plant for production of small modular reactors in Ukraine

NAEK Energoatom and Holtec International signed an agreement on the margins of URC-2025 in Rome, which provides for the construction of a plant for the production of small modular reactors (SMR) and spent nuclear fuel (SNF) containers using Holtec technology, Energoatom head Petr Kotin said.

“The agreement with Holtec is also a forward-looking agreement. It fixes what we plan to do with them. This is a plant to produce SMRs in Ukraine using their technology. They also transfer to us the technology of production of SNF containers,” Kotin said in comments to Interfax-Ukraine after signing the document.

He recalled that Holtec technology was used to build the Centralized Spent Nuclear Fuel Storage Facility (CSNFSF), which constantly needs new containers for it.

“Containers are needed all the time for spent fuel. They are now produced in the United States, and later we will produce them in Ukraine. It will be cheaper,“ – explained the head of ”Energoatom”.

As reported, Energoatom and Westinghouse on the margins of URC-2025 in Rome finalized agreements on the production in Ukraine of nuclear fuel using the technology of the American company.

“We signed a memorandum that consolidates everything that has already been done with Westinghouse (…). And this was just the summarizing part of the documents,” Kotin said in comments to Interfax-Ukraine after signing the memorandum.

Ukraine has not bought nuclear fuel from Russia since 2020 and has also refused to buy spare parts for nuclear reactors.

In June 2022, Energoatom and Westinghouse signed an agreement to supply nuclear fuel for all Ukrainian nuclear power plants.

The CCNF is an autonomous nuclear facility designed for long-term storage of spent nuclear fuel from the Pivdenno-Ukrainian, Khmelnytsky and Rivne NPPs, which until 2021 was exported to Russia for storage and reprocessing, costing Ukraine about $200 million annually. Fuel from these NPPs was supposed to be received by the Central Nuclear Fuel Storage Facility from April 2022, but the war corrected these plans, and the fuel was stored at the plants themselves until 2023, when its pilot operation began.

 

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