Business news from Ukraine

Business news from Ukraine

Chinese manufacturer of electric cars and hybrids Avatr has entered Ukrainian market

The first dealership center of the new premium brand of electric and hybrid cars Avatr, which enters the Ukrainian market, was opened on Stolichnoye highway in Kiev by the official distributor of the new brand – Atlant Motors Ukraine LLC (part of the Atlant Motors group of companies), the press service of the company reported.

The official presentation of the brand took place on November 20. “Atlant Motors Ukraine” will provide a full cycle – from car sales to service, warranty of the manufacturer and sale of original spare parts.

“Atlant Motors Ukraine” informs about plans to expand the network of official dealer centers in different regions of Ukraine. In particular, by the end of this year there will be official dealers in Odessa, Kiev, Kharkov, and in 2026 AVATR brand showrooms will be opened in Lviv and Dnipro.

At the official opening three models of the brand were presented, in particular Avatr 07 – urban mid-size hybrid or electric SUV. The car is offered in two variants: all-electric (BEV) and series hybrid (REEV). The REEV version is equipped with a hybrid setup based on a 1.5-liter turbo engine and electric motors with a total output of up to 492 hp.

Atlant Motors Group of Companies has been operating in the Ukrainian market for more than 20 years and represents, in particular, the Renault brand in Kharkov and Kharkov region. The group also includes Atlant Motors Energy (Kharkiv) – one of the largest suppliers of electric cars from China to Ukraine, which, according to YouControl data, has net income of UAH 619.9 million in 2024 and UAH 1.28 billion in January-September 2025.

 

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Ukraine has increased its state budget targets for 2025

Ukraine’s state budget revenues for January-October 2025 amounted to UAH 2.97 trillion, including general fund revenues of UAH 2.11 trillion, which is 26.4% and 26.1% higher than in the same period of 2024, according to the Ministry of Finance.

At the end of 2024, general fund revenues increased by UAH 513.9 billion, or 30.9%, to UAH 2 trillion 177 billion, while general fund expenditures increased by UAH 454.5 billion, or 15%, to UAH 3 trillion 488.8 billion, according to data from the Ministry of Finance.

Initially, the 2025 state budget was approved with revenues of UAH 2 trillion 327.1 billion, including general fund revenues of UAH 2 trillion 133.3 billion (excluding grants and international aid), and expenditures of UAH 3 trillion 929.1 billion, of which UAH 3 trillion 591.6 billion was allocated to the general fund.

At the end of July, the Verkhovna Rada, at the government’s suggestion, increased the 2025 state budget expenditures by UAH 400.5 billion and revenues by UAH 147.5 billion. In October, parliament approved an additional increase in expenditures of UAH 324.7 billion for the national security and defense sector, while increasing revenues by UAH 20 billion.

Taking into account the changes made, the revenues of the 2025 state budget (excluding grants) are now planned to amount to UAH 2 trillion 482.6 billion, while expenditures are planned to amount to UAH 4 trillion 337.5 billion. The general fund is expected to have revenues of UAH 2 trillion 278.7 billion and expenditures of UAH 3 trillion 990.1 billion.

Thus, the formally projected deficit of the 2025 state budget, excluding grants and international aid, is about UAH 1.85 trillion, and the deficit of the general fund is about UAH 1.71 trillion, a significant part of which, according to the Ministry of Finance, is directed to financing the security and defense sector.

 

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Serbia and Ukraine strengthen cooperation in agriculture, trade, and technology

According to Serbian Economist, Serbia and Ukraine are intensifying cooperation in agriculture, trade, and technology exchange.

The Serbian side confirmed its interest in expanding imports of Ukrainian agricultural products, especially corn, wheat, oilseeds, and semi-finished products for the food industry. At the same time, they discussed increasing supplies of Serbian goods to the Ukrainian market, including meat, dairy products, feed, and planting material.

According to the Serbian Ministry of Agriculture, Kyiv and Belgrade are considering the possibility of creating joint logistics corridors that would allow them to bypass existing transit restrictions and speed up the movement of goods between the countries. Special attention was paid to the topic of plant protection, veterinary standards, and simplifying certification procedures for producers in both countries.

The parties also noted the potential for cooperation in the development of digital agriculture and agrotechnologies. Ukraine offered Serbian companies an exchange of practices on the use of drones, remote monitoring systems, and AI analytics to optimize agricultural production. The Serbian delegation, in turn, expressed its willingness to share its experience in organic farming and agricultural raw material processing.

During the meeting, the prospects for Serbian companies’ participation in programs to restore Ukraine’s agricultural infrastructure, including the modernization of grain storage, processing facilities, and logistics, were also discussed.

The negotiations are taking place against the backdrop of growing trade turnover: in recent years, the volume of bilateral trade in agricultural products has shown steady growth, and Serbia is becoming one of Ukraine’s key Balkan partners in the region.

The next meeting of the relevant ministries is expected to take place in early 2026, where the parties plan to present a roadmap for deepening cooperation in the agricultural sector.

https://t.me/relocationrs

 

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Demand for Chinese cars is growing rapidly in Ukraine

Ukrainians in October this year purchased 3.114 thousand cars imported from China, which is 2.6 times more than in the same month last year, according to “UkrAutoprom” in the Telegram channel. It is noted that mostly purchased passenger cars from China were new – 2.512 thousand units, which is 2.6 times more than last year. Demand for used cars also increased more than 2.6 times – 602 units were imported.

The absolute majority of passenger cars from China were electric cars – 92%.

The most popular models of new cars of Chinese origin are Volkswagen ID.UNYX – 441 units; BYD Song Plus – 391 units; BYD Leopard 3 – 261 units; Zeekr 7X – 169 units; BYD Sea Lion 07 – 150 units.

The most frequently purchased used cars were Zeekr 001 – 57 units; BYD Sea Lion 07 – 45 units; Volkswagen ID.UNYX – 36 units; Zeekr 7X – 33 units and Audi Q4 – 30 units.

As reported, in January-October this year, China was among the top three countries from which Ukraine imported passenger cars after Germany and the U.S. with a share of 13.8% of total imports or $663 million, while for the same period in 2024 was not included in the top three.

For the whole year 2024 Ukrainians bought about 14.4 thousand imported autos from China – 18% more than in 2023. Demand for new cars increased by 37% – up to 11 thousand units, while demand for used cars decreased by 20% – to 3.3 thousand.

In addition, according to “UkrAvtoprom”, in October-2025 Ukrainians bought more than 5.8 thousand used cars imported from the U.S. – 2.2 times more than in the same period of 2024.

The largest share of this number (49%) – electric cars, while the share of gasoline cars was 36%, hybrid cars – 8%, diesel cars – 4%, cars with SBB – 3%.

The average age of “Americans” with mileage, added to the Ukrainian car fleet in October – 5.2 years.

The top five most popular used cars made in the USA are Tesla Model Y – 900 units; Tesla Model 3 – 841 units; Ford Escape – 408 units; Nissan Rogue – 273 units; Tesla Model S – 270 units.

 

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Peace talks between Ukraine and Russia may take place in Turkey – Turkish Foreign Ministry

Peace talks between Russia and Ukraine may resume in Turkey, Turkish Foreign Minister Hakan Fidan said in an interview with broadcaster A Haber.

“Well, of course, we cannot go into details for reasons that you will understand, I mean, I think it (the talks – IF-U) could happen in Turkey, it could happen in other places. But this peace not only must happen, it will happen,” the minister said.

Fidan stressed that the war is now at its “darkest moment” and that both sides, according to him, are focused on destroying each other’s infrastructure. He noted that the use of drones and “kamikaze” drones makes it difficult to move around and conduct operations, and that the successes of the Ukrainian and Russian forces come at a high human cost.

https://interfax.com.ua/

 

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Increase in teaching load threatens to dismiss more than 70,000 teachers in Ukraine – trade union

Trade Union of workers of education and science of Ukraine believes that the proposed increase in teaching load threatens to dismiss more than 70 thousand teachers.

“The Committee on education, science and innovation of the Verkhovna Rada decided to amend the law on the state budget of Ukraine to the laws ”On education“, ”On full general secondary education“, ”On vocational pre-university education“, ”On vocational education”. The norm of a teacher’s teaching load has been increased from 18 to 22 hours per week, which threatens to reduce by 22.2% the rates of teachers and, as a consequence, – dismissal of more than 70 thousand teachers”, – the trade union said in a statement.

It is noted that the changes are also proposed, which will lead to a reduction in seniority bonuses for those teaching staff with a teaching experience of 10 to 20 years, as well as deprive the right to seniority bonuses for teaching staff with a record of 5 to 6 years.

In addition, it is proposed to cancel the increase in wage rates for the pedagogical titles of “teacher-methodist”, “senior teacher”, “senior tutor”, “tutor-methodist” and other pedagogical titles assigned to pedagogical workers who ensure the educational process at a high professional level.

Among other things, the trade union draws attention to the fact that the Committee considers it necessary to introduce a 36-hour working time for teachers, circle leaders, as well as for all other teaching staff of the institution of general secondary education.

“The above decision of the Committee on Education and Science of the Verkhovna Rada does not comply with Article 22 of the Constitution of Ukraine, according to which the adoption of new laws or amendments to existing laws is not allowed to narrow the content and scope of existing rights and freedoms”, – says the statement.

In connection with the above, the Trade Union of Workers of Education and Science of Ukraine calls on the head of the Education Committee, people’s deputies to withdraw from the Committee on Budget the above proposals, which concern the narrowing of labor rights of teaching staff.

“We express a categorical protest to the proposals proposed in the conclusion of the Committee on amendments to the draft law ”On the state budget of Ukraine for 2026“ for the second reading and call on the people’s deputies of Ukraine, the head of the Verkhovna Rada of Ukraine, heads and members of the Committees on budget, finance, tax and customs policy in the adoption of the law in the second reading to prevent the adoption of these illegal changes that will lead to the violation of labor rights of teaching staff of educational institutions,” – said in a statement.

As reported, the educational ombudsman Nadezhda Leshchik considers it necessary to start a dialog between teachers and the authorities in Ukraine on whether to increase the pedagogical load of teachers on the condition of an increase in salary.

 

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