Business news from Ukraine

Business news from Ukraine

VUSO Becomes Official Partner of Ukrainian National Soccer Team

The insurance company VUSO (Kyiv) and the Ukrainian Football Association (UAF) have announced the start of their partnership and that the insurer has been granted the status of official insurance partner of the Ukrainian national soccer team, according to the insurer’s website.

As noted by VUSO CEO Andriy Artyukhov, the company is always on the lookout for projects that embody vibrant energy, character, and a drive to win. The partnership with the Ukrainian Football Association is precisely such an opportunity.

According to the information provided, the partnership includes comprehensive branding of the VUSO brand during the national team’s home and away matches, integration into the UAF’s digital channels, and the implementation of joint media projects.

“In soccer, as in life, it’s important to have reliable support and confidence in those around you. That is precisely why we are pleased to welcome VUSO as the official insurance partner of the Ukrainian national soccer team. It is especially valuable that, even amid the war, Ukrainian businesses continue to support Ukrainian sports and our national team,” noted UAF President Andriy Shevchenko.

VUSO Insurance Company was founded in 2001. On April 23, 2024, the National Bank of Ukraine renewed the company’s licenses to conduct insurance activities (33 for voluntary insurance and 17 for mandatory insurance). The company has 34 representative offices, two branches, and more than 20 agency sales centers throughout the country.

As of the end of 2025, the company’s insurance premiums exceeded 5.1 billion UAH. VUSO ranked second in the voluntary medical insurance and travel insurance segments, third in the comprehensive auto insurance and property insurance segments, and was among the top 10 insurers for mandatory auto liability insurance.

 

, ,

Export duties on soybean and rapeseed have proven effective—Kisilevsky

In the 2025–26 marketing year, rapeseed processing in Ukraine increased 2.7-fold, and rapeseed oil exports increased 2.5-fold compared to the previous marketing year. In total, 42% of the rapeseed harvest was processed domestically (last year this figure was 15%), which is an all-time record since the crop began to be grown in Ukraine. Foreign exchange earnings from rapeseed oil exports more than tripled, reaching $588 million.

This was reported by Dmytro Kysilevsky, Deputy Chairman of the Verkhovna Rada Committee on Economic Development, citing data from the “Ukroliyaprom” association. He also noted that the share of domestic processing of the soybean harvest in the 2025–26 marketing year rose from 39% to 54.2% (also a historic record for processing). Despite a decline in the soybean harvest from 6.6 million metric tons to 4.8 million metric tons, foreign exchange earnings from exports of soybean oil and meal rose by 12.3%, to $1.02 billion.

Compared to the previous marketing year, the harvested areas for these crops changed insignificantly: rapeseed +15.7%, soybeans -3.9%. In total, the area planted with these crops increased from 3.25 million hectares to 3.37 million hectares.

According to the Ministry of Agrarian Policy, additional revenue to the state budget from export duties on soybeans and rapeseed amounted to 2.174 billion UAH for the marketing year, i.e., for the period from September 2025 to August 2026.

“These figures show that export duties on soybeans and rapeseed have been effective: the share of processing has increased—Ukrainian plants have seen higher utilization rates; the area under cultivation has expanded—farmers consider these crops profitable to grow; and the budget has received additional revenue from duties as well as from plant operations. Step by step, Ukraine is moving away from low-value commodity exports, increasing processing, foreign exchange earnings, and tax revenues, and developing new plants that offer decent wages for Ukrainians. “When Ukraine exports processed products rather than soybeans and rapeseed, the growth in foreign exchange revenue per metric ton of exports ranges from 30% to 50%,” noted Dmytro Kysilevsky.

On July 16, 2025, the Verkhovna Rada of Ukraine approved the introduction of a 10% export duty on soybeans and rapeseed. The duties took effect on September 4, 2025.

, , , ,

Ukraine and Honduras Plan to Deepen Cooperation

Ukraine and Honduras have signed a “roadmap” for deepening bilateral cooperation for 2026–2029, Ukrainian Foreign Minister Andriy Sibiga announced.

“The signing of a ‘roadmap’ to deepen cooperation between Ukraine and Honduras for 2026–2029 was an important step in strengthening our relations,” he wrote on social media platform X.
Sibiga reported that he had met with Honduran Foreign Minister Mirey Agüero de Corrales following her visit to Kyiv as part of the Honduran president’s delegation.

According to him, the parties agreed on the importance of expanding economic and business ties.
Sibiga thanked Agüero de Corrales for her attention to Ukraine and noted that her visit to Kyiv allowed her to see the consequences of the Russian war firsthand and strengthen mutual understanding between the two countries.

He specifically emphasized Honduras’s position on the illegal activities of the “shadow fleet,” particularly the need to end the practice of registering ships under the Honduran flag.
The parties also discussed the need to restore freedom of navigation in the Black Sea, the protection of Ukrainian ports, global food security, and the unimpeded export of Ukrainian agricultural products.

Sibiga briefed his counterpart on efforts to establish an International Commission for the Settlement of Claims and other international initiatives aimed at ensuring accountability and justice.
The ministers also discussed cooperation on the return to Ukraine of children abducted and deported by Russia, as well as practical steps to intensify these efforts.

According to Sibiga, Ukraine counts on Honduras’ continued support in its efforts to achieve a comprehensive and lasting peace.

, , , ,

Oleg Topuzov Has Been Appointed President of National Academy of Pedagogical Sciences of Ukraine

The General Assembly of the National Academy of Pedagogical Sciences of Ukraine elected Oleg Topuzov as president of the Academy for a five-year term—from September 18, 2026, to September 17, 2031.

According to the results of a secret ballot, 185 assembly members supported his candidacy, nine voted against, and two ballots were deemed invalid. Topuzov was the only candidate for the position.

He succeeded Vasily Kremen, who had led the academy since 1997. The General Assembly unanimously elected Kremen as honorary president of the National Academy of Pedagogical Sciences for life.

In presenting the academy’s development program, Topuzov outlined four core principles of operation: continuity, competence, openness, and effectiveness.

“My task is not to start from scratch. My task is to preserve the best of what we have and, together with you, to usher in a new phase of our academy’s development,” he stated.

Among the main areas of focus for the new leadership, Topuzov highlighted strengthening the influence of educational science on the formation of state education policy, rebuilding human capital, overcoming educational gaps, supporting young scholars, and researching the impact of artificial intelligence on the education system.

One of the key initiatives is to be a systematic foresight study on the development of education in Ukraine through 2035. It will cover possible scenarios for the development of preschool, K-12, vocational, higher, and adult education, taking into account demographic changes, labor market needs, technological development, and European integration.

“Our research should not end with just monographs, articles, or recommendations. It must influence government decisions,” Topuzov emphasized.

He identified scientific support for education during wartime and postwar reconstruction as a separate priority. This refers, in particular, to the psychological resilience of children and youth, support for educators, inclusion, and the reintegration of veterans and Ukrainians returning from abroad.

According to the new president of the National Academy of Pedagogical Sciences, Ukraine’s recovery must begin with the restoration of human capital.

Topuzov also proposed launching a university-wide program titled “Artificial Intelligence and the Future of Education.” Research should cover changes in the role of teachers, approaches to assessing knowledge, issues of academic integrity, and the competencies students will need over the next 10–20 years.

The NAPN’s European integration will involve expanding joint research, participating in international consortia and programs such as Horizon Europe, Erasmus+, and COST, promoting academic mobility, and increasing the number of joint international publications.

For young researchers, there are plans to create the “Young Scientist of the National Academy of Pedagogical Sciences of Ukraine” program, which will provide grant support, mentorship, international mobility, and participation in major research projects.

During the annual meeting, the results of the NAPN’s activities for 2017–2026 were also presented. During this period, the Academy’s institutions completed 163 fundamental and 195 applied research projects, produced more than 14,000 scientific articles, and published over 250 monographs, preprints, and other scientific works.

The NAPN’s electronic library collection has grown to 40,000 full-text resources, and the number of downloads has reached 19 million. The Academy’s institutions participated annually in nearly 50 international scientific and educational projects and programs.

During the meeting, the Academy’s new leadership was also formed. Volodymyr Lugovoy and Vitaliy Panko were elected vice presidents of the National Academy of Pedagogical Sciences, and a new presidium was formed consisting of 29 members, 22 of whom had not previously served on it.

The National Academy of Pedagogical Sciences of Ukraine conducts fundamental and applied research in the fields of education, pedagogy, and psychology; participates in the development of educational standards, curricula, and textbooks; and provides scientific support for reforms in the education system.

, , , ,

Ukrainian farmers have planted winter grains on more than 741,000 hectares

As of September 23, Ukrainian farmers had planted 741,400 hectares with winter grains, or 14.2% of the projected area, and 958,800 hectares with winter rapeseed, or 86.7% of the projection, according to the press service of the Ministry of Agrarian Policy and Food.

Specifically, 662,400 hectares (14.6% of the forecast) have been planted with wheat and triticale (a hybrid of wheat and rye – IF-U), 53,100 hectares (8.9%) with barley, and 25,800 hectares (33.6%) with rye.

The largest areas of winter grains have been planted in the Mykolaiv region—101,000 hectares, including 79,000 hectares of wheat and triticale and 22,000 hectares of barley.

In the Poltava region, 91.3 thousand hectares have been planted, of which 87.3 thousand hectares are wheat and triticale, and 4 thousand hectares are rye.

In the Dnipropetrovsk region, 86,300 hectares have been planted with winter grains, including 84,000 hectares of wheat and triticale, 2,100 hectares of barley, and 200 hectares of rye.

, , , ,

Indonesia Is Ready to Contribute to Ukraine’s Recovery and Expand Economic Cooperation — Ambassador

Indonesia is ready to expand practical cooperation with Ukraine, particularly in trade, investment, critical minerals, science, and the country’s future recovery, said Arif Muhammad Basalamah, Ambassador of the Republic of Indonesia to Ukraine.

“Indonesia is ready to explore practical areas of cooperation that can contribute to recovery and reconstruction, while opening up new opportunities for our bilateral partnership,” he said during a diplomatic reception in Kyiv marking the 81st anniversary of Indonesia’s independence.
The reception took place on September 22 and was attended by representatives of the Ukrainian government, the diplomatic corps, international organizations, the business community, and the Indonesian community. In his speech, the ambassador specifically congratulated Andriy Dronyuk, Ukraine’s Deputy Minister of

Foreign Affairs for Digital Development, Digital Transformation, and Digitalization, and Artem Kunaev, chair of the Ukraine-Indonesia Interparliamentary Friendship Group.
Basalamah noted that, despite the war, political dialogue between the countries remains active, and cooperation continues to expand. At the same time, bilateral trade in 2025 fell to $492.6 million compared to a peak of $1.45 billion in 2021.

“We see opportunities to develop new areas of cooperation and to more fully realize the potential of a mutually beneficial economic partnership,” the ambassador emphasized.

According to him, one such new area could be critical minerals and rare earth elements, where the parties see opportunities for research, technological cooperation, and future business projects. The Indonesian side is also interested in more active interaction between businesses from both countries in trade, investment, and joint production.

The ambassador invited Ukrainian companies to participate in Trade Expo Indonesia 2026, which will take place October 14–18 and is expected to serve as a platform for establishing contacts with Indonesian exporters and potential investment partners.
Basalamah identified tourism as another area for expanding ties. According to him, more than 18,000 Ukrainian citizens had already visited Indonesia by 2026.

“We hope that as transportation links improve and when circumstances permit, more Ukrainians will have the opportunity to discover Indonesia—its natural beauty, cultural heritage, and diverse culinary traditions,” the diplomat said.

The ambassador also highlighted the intensification of educational and scientific ties. He noted that in 2026 alone, the Indonesian Embassy in Kyiv facilitated the signing of four agreements between universities in Ukraine and Indonesia. Ukrainian students can also study in Indonesia through the Darmasiswa and KNB Scholarship programs.

In addition, Indonesia’s National Agency for Research and Innovation and Ukraine’s National Antarctic Scientific Center recently signed an agreement on cooperation in the field of Antarctic and tropical research. The document opens up opportunities for joint research projects and scientific exchange.
Speaking about the war, Basalamah noted that Indonesia continues to advocate for the use of dialogue and diplomacy to achieve lasting peace, as well as adherence to the principles of the UN Charter.

“Peace means that people can live in safety, rebuild their communities, provide education for their children, and look to the future with hope,” he said.
Diplomatic relations between Ukraine and Indonesia were established on June 11, 1992, several months after Indonesia recognized Ukraine’s independence on December 28, 1991.

The Embassy of the Republic of Indonesia in Kyiv began operations in January 1994. Currently, Arif Muhammad Basalamah serves as Indonesia’s Ambassador Extraordinary and Plenipotentiary to Ukraine.
The Embassy of Ukraine in Jakarta was opened in the second half of the 1990s; the official opening of the diplomatic mission took place on May 16, 1997. Currently, the position of Ambassador Extraordinary and Plenipotentiary of Ukraine to Indonesia is vacant. Following the conclusion of Vasyl Hamyanin’s mission, the

Ukrainian Embassy in Jakarta has been headed by Yevheniia Shynkarenko, Chargé d’Affaires ad interim of Ukraine. As of September 2026, she continued to serve as the head of the Ukrainian diplomatic mission in Indonesia.

, , , ,