During the second quarter of 2025, the State Enterprise “Forests of Ukraine” reported a record revenue of UAH 8.9 billion from the sale of unprocessed wood, as announced by its Director General, Yuriy Bolokhovets, on Facebook. This milestone marks a significant increase in the company’s turnover, reflecting the growing demand for Ukrainian timber products both domestically and internationally. The achievement is attributed to the expansion of export markets and the implementation of more efficient harvesting and processing techniques by the enterprise.
The success of “Forests of Ukraine” has not gone unnoticed, with analysts noting the potential long-term benefits for Ukraine’s economy. However, there are also concerns regarding sustainable forest management and the environmental impact of increased logging activities. As the company continues to meet its revenue targets, it faces the challenge of balancing economic gains with ecological responsibilities. The government is currently considering measures to ensure that the forestry sector’s growth is sustainable and does not lead to the depletion of natural resources.
Yuriy Bolokhovets emphasized the importance of maintaining a competitive edge in the global market, stating that the enterprise plans to invest in modernizing its operations and exploring new markets. The company’s recent performance is expected to have a positive impact on the country’s overall economic indicators, demonstrating the potential of Ukraine’s natural resources to contribute significantly to national development.