Business news from Ukraine

Business news from Ukraine

Electric vehicle segment is growing in Ukraine

The total volume of the electric vehicle segment (new and used cars, trucks and buses) in August 2025 amounted to 11.5 thousand, which is 12.5% more than in July this year, and 22.5% more relative to the indicators of August-2024, according to the Institute of Auto Market Research.

“11.545 thousand electric cars cumulatively is a historical volume record for our market, and the main drivers here are three: the rise in fuel prices at gas stations, the general trend of growing interest in electric cars (which consists of improving their performance and reducing market prices), as well as the approaching customs clearance with VAT, which is scheduled for January 1, 2026,” – said in a statement on the website of analysts.

It is noted that the last of these factors is probably now most actively encouraging motorists to switch to electric cars, because in just a few months they will rise in price by almost a third.

According to analysts, the growth of volumes in this segment will continue in the future because of the approaching return of VAT on the customs clearance of electric cars, and from next year we should expect some pause, a subsidence lasting several months, after which there will be a certain stabilization, which will be replaced by a trend of growth in volumes.

“At this rate, next month the total replenishment of the BEV fleet will exceed last year’s volumes, while this will happen in less than 9 months,” experts believe.

In the structure of this segment in August, the basis is made up of imported electric vehicles with mileage, the share of such 52.1%, or 6018 pcs. – This is 9.5% more than in August 2024.

The second largest sub-segment is domestic resales with a share of 30.8%, and the number of 3,561 pcs. – 31.1% more.

New electric cars took 17% (1,966 units), up 62.6%, and a new record for new electric cars.

Analysts note that as of the end of July this year, the fleet of BEV Group vehicles in Ukraine (excluding industrial electric cars, trolleybuses and rail cars) amounts to 185 thousand units.

Most of them are passenger cars – 181 thousand, electric trucks – 3.9 thousand, there are also several electric buses (8 pcs.). In addition, about 1.1 thousand units of various motorized vehicles are registered.

“Interestingly, the most in our fleet of electric vehicles Tesla – 20%, although from the beginning of ”electromobilization” and until recently the leader was Nissan, whose share is now 18.9%. The third in this list is Volkswagen with a share of 12.6%.

 

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“Euroins Ukraine” reduces number in Ukraine

The Supervisory Board of IC “Euroins Ukraine” on September 1, 2025 decided to terminate the activities of fifteen separate structural subdivisions, which have not been operating for a long time, the company reported in the information disclosure system of the National Commission on Securities and Stock Market (NCSSM).

In particular, we are talking about the sales center in Krasnoye settlement of Lviv regional directorate, a branch in Kharkiv, sales center in Kamenske of Dnipro regional directorate, sales centers № 4 and № 7 of Zaporizhzhya directorate, sales center in Skadovsk of Kherson regional directorate, a branch in Yuzhnoukrainsk of Mykolayiv region, Kherson regional directorate, sales center in Valki of Kharkiv regional directorate, sales center in Uman of Cherkassy regional directorate.

IC “Euroins Ukraine” is a universal non-life insurer, operating in the Ukrainian market since 1992. The company has 75 representative offices all over the country, has a license for insurance in 16 classes. It actively works in the segments of auto insurance, medical insurance, property, liability and cargo insurance for private and corporate clients.

IC “Euroins Ukraine” is a member of the Motor (Transport) Insurance Bureau of Ukraine, League of Insurance Organizations of Ukraine (LIOU) and EBA (European Business Association).

 

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Over seven months of 2025 Ukrainian enterprises exported frozen vegetables worth more than $6 mln

Over seven months of 2025, Ukraine exported frozen vegetables worth USD 6.1 million, according to an analytical review of the State Service for Agrarian Policy and Investments. The export structure is dominated by such products as frozen carrots, beets, celery, lettuce, chicory and potatoes.

The growth of frozen vegetable exports can be partly explained by the rapid development of the berry sector in the agro-sector. After the rapid increase in raspberry production, many companies invested in freezing facilities. Using them to their full potential, they expanded their product range to include a variety of fruits and vegetables.

Despite strong growth, Ukraine is still a net importer of frozen vegetables – exports are inferior to imports. This indicates the accumulated potential for further growth and diversification of the assortment in the future.

Key markets for Ukrainian frozen vegetables include Germany, Israel, Belgium, Italy, Poland, France, France, Italy and Romania.

Growing exports of frozen vegetables are a signal of industry adaptation and efficient use of resources. Particularly impressive is the diversification into frozen products, a move that allows Ukrainian producers to enter new markets and sustainably consolidate in existing ones. Nevertheless, the persistent deficit in the balance of exports and imports requires attention to quality, product mix and brand development. Increased support for local processors, modernization of freezing and logistics chains, and promotion in foreign markets are key factors for further growth.

 

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Ukraine and Lithuania agree on production of Ukrainian weapons in Lithuania

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.”

 

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Overview of gas prices for week in Ukraine and Europe

Last week, trading in August 2025, September 2025 and subsequent months continued. In total, 4 companies formed positions for the purchase and sale of natural gas: LTC Electrum, GTS Operator of Ukraine, D.Trading, and Ukrzaliznytsia.

The starting prices of resources in the mid- and long-term market section varied widely. As a result, as of Friday, the average starting price of September resources in the GTS was 3.33% higher than on Monday. Last week, only buy positions were sold. In total, 20,700.00 thousand cubic meters of natural gas were sold, 17700 of which were purchased by the GTS Operator of Ukraine. Last week’s bidders formed the following quotation prices:

In the sections “Cross-border, customs warehouse” and “Imported natural gas”, the initiators formed starting positions, but no selling prices were formed in these sections last week.

On the short-term natural gas market of the UEEX , participants placed bids on the intraday market. The deals were concluded for delivery to the Ukrainian gas transmission system. The weighted average price of the DAM on Friday, August 15, amounted to UAH 20200 excluding VAT.

European market

Gas prices declined last week. TTF futures dropped to around 32 euros/MWh. Gas stocks continue to grow, and geopolitical risks did not create a new shock in the short term. Steady gas supplies from Norway and high LNG imports offset some of the problems.

At the same time, the energy landscape was shaken by several strategic moves: Centrica and ECP (Energy Capital Partners) bought the Isle of Grain LNG terminal, Europe’s largest, for about €1.5 billion, sending a clear signal to the market about long-term dependence on imported gas, even as demand for its use in the power sector fell. In addition, Centrica has signed an agreement with the US-based Devon Energy to supply the equivalent of five LNG cargoes annually for a decade, another foundation that lays the groundwork for Europe’s energy security.

Month-ahead contracts at all analyzed hubs showed a different trend relative to spot prices, with an average increase of 1.64%. Quarter-ahead prices were higher than spot prices by an average of 4.68%. The season-ahead prices with an average value of 35.50 EUR/MWh tended to increase compared to the spot prices by an average of 5.77%.

September futures for LNG in Asia, the JKM Platts Future index, settled on August 14 at $426.38 per thousand cubic meters. US dollars per thousand cubic meters. The futures for LNG delivered to Northwest Europe (LNG North West Europe Marker) closed at $393.80 per mcm. US $/thousand cubic meters.

European LNG terminals operated on August 13 with an average capacity of 79.81%.

LNG stocks in the EU as of August 13, 2025 amounted to 4.336 million cubic meters, according to the Aggregated LNG Storage Inventors.

The storage level of the largest LNG exporter, the United States, according to the latest EIA data as of August 8, 2025, was 3.186 billion cubic feet, which is 6.6% higher than the average for the last five years.

This week, oil prices have declined – for example, Brent is trading in the range of $66-67 per barrel. OPEC+ has announced a significant increase in production (over 500 thousand barrels per day since September), and the imbalance between supply and demand is beginning to be smoothed out as the peak supply season gradually ends.

The meeting between Trump and Putin in Alaska is putting the market on edge. If sanctions against Russia are eased, prices could move downward, even to below $60 per barrel. On the other hand, if the opposite is true, the confrontation will escalate, and prices could jump up, approaching or even surpassing $80-90 per barrel.

Gas balance in Ukraine

During the week, natural gas imports from Europe averaged 21 million cubic meters per day (1 million cubic meters higher than the previous week), from Hungary, Poland, Moldova, and Slovakia. The Hungarian direction was mainly used, although the share of other directions remained high. Ukraine’s storage facilities held about 10.4 bcm. There was virtually no withdrawal. Injection amounted to about 51 million cubic meters per day.

Interesting things for the week

For the first time, a €500 million loan for gas imports to Ukraine is provided under the EU’s UIF Hi-Bar program , which does not require a Ukrainian state guarantee, Gas United reports. The UIF – Ukraine Investment Framework – is the investment component of the Ukraine Facility program for the rehabilitation of energy infrastructure. The financing was launched at the URC-2024 in Berlin. The EBRD provided the funds for gas imports under the Hi-Bar facility, which aims to remove barriers to mobilizing the financing needed to accelerate the transition of the energy sector to net-zero, which involves the maximum possible reduction in greenhouse gas emissions.

https://www.ueex.com.ua/presscenter/news/tsina-gazu-ukraina-ta-evropa-oglyad-rynku-11-15-serpnya-2025-rok/?utm_source=eSputnik-promo&utm_medium=email&utm_campaign=Cina_gazu:_Ukraina_ta_Evropa._Oglad_rinku_11_-_15_serpna_2025_rok&utm_content=2722211636

 

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Construction of vegetable storages has intensified in Ukraine – expert

The long-awaited revival in the construction of vegetable storage facilities has begun in Ukraine, with small and medium-sized facilities prevailing, Andriy Marushchak, Commercial Director of Van Dyke Techs, told SEEDS in an interview. According to him, this format allows farms to quickly meet local needs, but “storage is not everything”: without parallel development of processing, the effect will be limited.

According to the expert, construction is currently most active in Lviv, Khmelnytsky, Vinnytsia, Cherkasy, Odesa, Dnipro, and Chernihiv regions. The farmers’ decision was influenced by the high cost of logistics: “It is no longer as profitable to transport onions 400-800 km as it is to grow and store them closer to the market,” Marushchak said.

The most promising areas for a quick launch are French fries, dried mashed potatoes, peeled/ready-made potatoes; for onions, peeling, freezing and drying. In countries where processing is already in operation, farmers have gradually scaled up storage facilities from 3 to 30 thousand tons or more; it is logical for the Ukrainian market to follow the same trajectory, the expert emphasizes.

Vegetable consumption in Ukraine is less than 30% of WHO recommendations (≈150-200 g per day versus 600 g), which restrains demand beyond the “borscht set”. In a typical consumption structure, the share of potatoes is 50-60%, cabbage – ~10%, carrots – ~5%, and beets – “very little,” Marushchak said.

For the stable operation of storage and processing plants, it is important for farmers to form commodity lots and fulfill long-term contracts through professionally managed cooperatives, a model that has been successfully operating in the EU, the expert emphasizes.

https://www.seeds.org.ua/ovochesxovishh-v-ukraini-stane-bilshe-fermeri-pochali-aktivne-budivnictvo/

 

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