PJSC “Kyivmiskbud” Holding Company contributed 81,364,000 UAH to the state and local budgets between April 1, 2023, and March 31, 2026, the company’s press service reported.
“Kyivmiskbud” once again demonstrates transparency and financial discipline. Even under challenging anti-crisis conditions, the company remains a conscientious taxpayer. We operate transparently, comply with legal requirements, and are systematically moving forward,” said Yuriy Tykhonovych, acting chairman of the holding company’s board of directors.
From July 8 to August 18, 2026, “Kyivmiskbud” underwent a scheduled on-site audit by the Main Directorate of the State Tax Service in Kyiv. The audit examined compliance with tax, foreign exchange, and other laws for the period from April 1, 2023, to March 31, 2026, as well as the timeliness of payments of the unified social contribution (USC) from July 1, 2021, to March 31, 2026. A corresponding report was drawn up based on the results of the inspection.
During the specified period, “Kyivmiskbud” paid 81,364,000 UAH to the state and local budgets, of which land rent amounted to 28,086,000 UAH; Unified Social Contribution (USC) – 20,830,000 UAH; personal income tax (PIT) – 17,764,000 UAH; land tax – 6,143,000 UAH; real estate tax – 5,199,000 UAH; military levy – 3,304,000 UAH; income tax – 34,850 UAH.
At the same time, late payment of land rent for 2023 in the amount of 647,800 UAH was identified, the company’s losses for the reporting period were reduced, and additional income tax for the third quarter of 2023 in the amount of 1,833,000 UAH was assessed.
As previously reported, Kyivmiskbud’s balance sheet includes 24 construction sites where more than 120 residential buildings at various stages of completion have been erected. The total area of unfinished construction exceeds 548,000 square meters. The developer began restoration work in March 2026 at a number of sites. In July, the “Podol Grad” residential complex was commissioned. Five more projects are at an advanced stage of completion (the “Freedom” residential complex, the “Twin House” residential complex, the “Oberig-2” residential complex (Building 1), the “Rainbow” residential complex, and the “Gvardeysky” residential complex).
Active construction and installation work is underway at four additional sites.
Kyivmiskbud Holding Company was established in 1994 on the basis of the assets of the state-owned municipal construction corporation “Kyivmiskbud” by consolidating controlling stakes in 28 enterprises and other assets into its authorized capital. It comprises 40 joint-stock companies in which the company holds shares, as well as six subsidiaries and 51 companies with associate member status.
According to data from the National Securities and Stock Market Commission (NSSMC), the Kyiv City Council is the majority shareholder of Kyivmiskbud Holding Company PJSC.
The international hotel management company Ribas Hotels Group (RHG) has joined the nationwide project to promote hotel accessibility, “Space with Opportunities.” WOL.GREEN Polyana has undergone an independent audit, the group’s press service reported.
“Today, accessibility is no longer a competitive advantage that sets a hotel apart from others, but rather a basic requirement for all market players. Amid the war, the number of people with amputations and disabilities is growing, and businesses must ensure equal opportunities for all,” notes Anastasia Ocheretnyuk, PR Lead at Ribas Hotels Group, whose remarks are quoted in the press release.
Inclusivity requirements under Ukraine’s State Building Codes (DBN) are constantly being raised (the latest changes took effect on August 1, 2025; work is currently underway on a new edition—IF-U), and it is not always possible to fully implement these innovations in existing projects. In particular, in the existing hotels of the RHG chain, accessibility has so far been implemented mainly in part—through individual elements such as adapted rooms, ramps, or elevators, the press service explains. Accessibility is being incorporated more comprehensively into new projects that the group is building from the ground up, particularly at “WOL Vinnytsia” and AMA Family Resort, where relevant solutions are planned as early as the design phase.
To assess how truly accessible these solutions are in practice, the Ribas Hotels Group participated in Metro Ukraine’s special project “Space with Opportunities,” carried out in collaboration with the nonprofit organization “Dostupno.UA,” during which 10 free audits of hospitality establishments across Ukraine were conducted. The project’s goal is to help HoReCa businesses create accessible spaces for guests and staff amid the growing number of people with disabilities in Ukraine as a result of the war—a number that, according to rough estimates, could reach 300,000–400,000 people in the post-war period.
The RHG network selected the WOL.GREEN Polyana Hotel for the audit; the company had renovated this unfinished building while the full-scale war was still underway, which allowed it to incorporate some accessibility standards right from the construction phase. The audit confirmed a number of implemented solutions: barrier-free common areas, a reception desk with two service areas, a universal restroom with standard handrails, and an elevator that complies with regulations. At the same time, the experts provided the hotel with recommendations on how to design a guest room adapted for guests with disabilities.
According to Tetyana Morozova, head of the architecture division at TEMO Design, incorporating barrier-free solutions into a project from the very beginning is always less expensive than retrofitting a completed facility. At the same time, inclusivity is not limited to the width of passageways or ramps, but encompasses the guest’s entire journey through the hotel: navigation, lighting, acoustics, and psychological comfort.
Ribas Hotels Group was founded in 2014 in Odesa as an international full-cycle management company and a hotel business ecosystem. It manages the entire process: from site selection, design, and construction to management, franchising, and investment. It is the only hotel group in Ukraine that independently handles all stages of creating and developing hotel projects.
The company’s portfolio includes 56 projects currently in the construction phase, launch phase, or under management, including locations in Ukraine, Poland, Turkey, and Bali. It develops 3-, 4-, and 5-star city and resort hotels under the brands Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Moments. The operator’s total room inventory exceeds 1,000 rooms.
accessibility, AUDIT, HOTEL, inclusivity, RIBAS HOTELS GROUP
Independent audits for the years 2022–2025 have confirmed the accuracy of the key financial indicators of State Enterprise “Forests of Ukraine.” This was reported by the company’s press service.
In particular, the independent audit confirmed the company’s revenue growth from UAH 22.7 billion in 2023 and UAH 23 billion in 2024 to a record UAH 29.9 billion in 2025. The growth in net profit was also confirmed, rising from UAH 3 billion in 2023 and UAH 2.8 billion in 2024 to UAH 6.9 billion in 2025.
As noted, in late May 2025, the supervisory board of the state-owned enterprise “Forests of Ukraine” initiated independent audits of the company’s annual financial statements and approved the criteria for selecting an auditor. Board members justified their decision by stating that “the public must be convinced that the company’s performance results correspond to the reported data.” In addition, conducting an independent audit is part of the process of corporatizing the state-owned enterprise “Forests of Ukraine.” Currently, the audits have been completed, and the reports have been published on the company’s website.
The financial statements for 2022–2024, prepared in accordance with national accounting regulations (standards)—NP(S)BO—were audited by Grant Thornton Legis, which is part of the international Grant Thornton network—one of the world’s leaders in audit, tax, and business consulting.
The independent audit of the 2025 financial statements was conducted by Crowe Erfolg Ukraine, a member of Crowe Global—the eighth-largest international network in the field of accounting, auditing, and consulting. Since January 1, 2025, SE “Lisy Ukrainy” has adopted International Financial Reporting Standards (IFRS), and the audit for this period was conducted in accordance with IFRS requirements.
“The report states that the financial statements of the State Enterprise ‘Forests of Ukraine’ present fairly, in all material respects, the financial position of the enterprise, its financial performance, and its cash flows. The auditors made specific observations related, in particular, to the limited information regarding the historical cost of assets. Some of the assets transferred to the enterprise from state forestry enterprises were acquired back in Soviet times, and the original documentation has been lost in some cases. However, this did not prevent the State Enterprise “Forests of Ukraine” from successfully passing an independent audit of its financial statements for all four years of operation,” reports the State Enterprise “Forests of Ukraine.”
Earlier, the company reported record volumes of timber deliveries to the front lines. In May, the State Enterprise “Forests of Ukraine” shipped 31,400 m³ of forest products to the Armed Forces of Ukraine. This was the highest figure since the company’s inception.
AUDIT, CORPORATIZATION, financial statements, Forests of Ukraine, PROFIT
On June 3, the Export-Credit Agency (ECA) announced a tender for services to audit the annual financial statements for 2026 and 2027, review interim financial statements, and perform other audit tasks.
According to the Prozorro public procurement system, the estimated cost of the services is 9 million UAH. The deadline for submitting bids is June 11, 2025.
The Export-Credit Agency of Ukraine (ECA) is a state institution that supports non-resource exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.
In early April, the investment company S1 REIT published the results of the audit of its operations for 2025. The audit was conducted by Crowe Erfolg Ukraine, a leading Ukrainian audit and consulting firm and an official member of the international Crowe Global network. This network consistently ranks among the top 10 largest audit networks in the world, providing the company with access to global standards and methodologies.
“The audit is part of the regulator’s requirements for funds that attract collective investments. Publishing the report is not only compliance with Ukrainian legislation but also a confirmation of our transparency and openness. The documents are available on the company’s official website,” noted S1 REIT’s Chief Financial Officer Vadym Pavlushyna.
The audit opinion confirmed that the 2025 financial statements, in all material respects, fairly present the financial position of the funds in accordance with International Financial Reporting Standards (IFRS). According to the audit results, S1 REIT demonstrated growth momentum and a high level of protection for investors’ capital.
The report notes the absence of external debt on the funds and confirms that growth is driven by equity and direct investments. This minimizes risks for investors during periods of economic volatility.
“We have demonstrated that each investment certificate is backed by real, legally sound, and profitable assets. Even amid the challenges of 2025, we maintained stability: the reports confirm that no events occurred that would have negatively impacted capital,” added Vadym Pavlushyna.
The full audit report for 2025 is published on the website, in the “About Us” section https://reit.s1.ua/ua/about. The documents contain financial information about AMC “REIT S1” and all active funds in the company’s portfolio.
The fund’s past performance is not a guarantee of future returns. Before investing, please review the terms and conditions and consult with a financial advisor.
About Us:
S1 REIT is Ukraine’s first operator of collective investments in income-generating real estate, offering the opportunity to become a co-owner of profitable properties with an entry threshold that is tens of times lower than the cost of a single residential or commercial unit. The company operates under the Real Estate Investment Trust (REIT) model, providing investors with the opportunity to participate in the ownership and receipt of income from income-generating properties without direct asset management.
Currently, two funds are available for investment: S1 VDNG and S1 Obolon. The assets of these funds consist of apartments in income-generating buildings developed by Standard One.
Ukrainian Prime Minister Yulia Sviridenko has linked the previously launched audit of government spending to deregulation and the moratorium on interference in business.
“In the economy, we have launched the implementation of the National Security and Defense Council’s decision on a moratorium on business inspections by law enforcement agencies. Business expects tangible steps from the government towards deregulation. Therefore, we are starting an audit of all government spending.
We plan to significantly reduce bureaucratic procedures,” Svyrydenko wrote on Facebook on Sunday morning.
She also said that she is currently meeting with each minister and working with them on specific plans that will be included in the government’s action program.
As reported, on July 23, Ukrainian President Volodymyr Zelensky signed a decree to reduce bureaucratic procedures and conduct an immediate audit of government spending. He expects the government to report back within a month so that maximum state resources can be directed toward defense. He also announced “tangible steps toward deregulation to give people more freedom.” The relevant decree No. 544/2025 was published on the president’s website.
On the same day, the Cabinet of Ministers of Ukraine approved a plan to implement the decision of the National Security and Defense Council on a moratorium on unfounded inspections and interference in business, among other things, instructing
the State Regulatory Service and ministries to submit proposals for deregulation and reduction of unnecessary permits within a month. “From July 24, the tax and customs authorities will limit inspections for low-risk enterprises. The exception is high-risk industries, such as the turnover of excisable goods, where control is necessary,” Svyrydenko wrote on Telegram.
According to her, by October 21, law enforcement agencies must agree on measures to identify assets subject to sanctions and ensure their return to the budget for defense and recovery needs.
“The plans include the launch of a digital control system and a quarterly review of the effectiveness of decisions,” Svyrydenko added.
She also noted that the government will prepare amendments to the Criminal Procedure Code (CPC): only the prosecutor general or regional-level officials will be able to open new proceedings against businesses.
