In January-March 2025, ARX Insurance Company (ARX, Kyiv) collected gross insurance premiums in the amount of UAH 1.313 billion, which is 38.67% more than a year earlier, and net premiums in the amount of UAH 1.261 billion (37.11%).
These statistics are provided on the website of RA Standard-Rating regarding the update of the company’s credit rating/financial stability (reliability) rating at the level of “uaААА” on the national scale based on the results of the first quarter of 2025.
Revenues from individuals increased by 40.33% to UAH 711.167 million, while revenues from reinsurers decreased by 44.65% to UAH 2.967 million. Thus, at the end of the first quarter of 2025, individuals accounted for 54.18% of the insurer’s gross premiums, while reinsurers accounted for 0.23%.
Insurance payments sent to reinsurers in January-March 2025 increased by 91.63% compared to the same period in 2024, to UAH 51.912 million. The share of reinsurance companies in insurance premiums increased to 3.96%.
The volume of insurance payments made by the insurer in the first quarter of 2025 increased by 13.92% compared to the first quarter of 2024, to UAH 491.205 million. Given the higher growth rate of gross premiums compared to insurance payments, the level of payments decreased by 8.14 percentage points, to 37.42%. to 37.42%.
As of April 1, 2025, the company’s assets grew by 6.41% to UAH 5.555 billion, equity increased by 1.99% to UAH 2.686 billion, liabilities increased by 10.90% to UAH 2.869 billion, cash and cash equivalents grew by 41.96% to UAH 1.161 billion.
According to the results of the first three months of 2025, the operating loss amounted to UAH 30.5 million, and net profit amounted to UAH 52.513 million.
The information also reports that as of the beginning of the second quarter of 2025, the insurer made financial investments in the amount of UAH 2.664 billion, consisting of government bonds (73.83% of the investment portfolio) and deposits in banks with an investment credit rating (26.17% of the portfolio). Thus, as of the reporting date, the liquid assets exceeded the liabilities of ARX Insurance Company by 1.33 times.
ARX Insurance Company was established in 1994 and is part of the international insurance holding company Fairfax Financial Holdings Ltd. ARX Insurance Company is one of the five leading insurance companies in Ukraine in terms of premiums collected and payments made. It has been the leader in the CASCO segment of the Ukrainian market for 16 years.
The housing price index in Ukraine for January-March 2025 stands at 111.2%, while for the same period in 2024, the figure was 116%, according to the State Statistics Service (Derzhstat).
According to its data, in the primary market, housing prices slowed to 14.8% in the first quarter of 2025, compared to 17.6% in the first quarter of last year. Two-room apartments saw the highest increase in prices, at 15.1%. Prices for one- and three-room apartments rose by 14.4%.
In the secondary market, prices slowed to 9.3% in January-March 2025, compared to 15.3% in the same period of 2024. Thus, prices for one-room apartments rose by 9%, two-room apartments by 9.7%, and three-room apartments by 9.4%.
According to the State Statistics Service, compared to the previous quarter, housing prices rose by 3.9%, with a 4.3% increase in the primary market and a 3.6% increase in the secondary market.
According to the State Statistics Service, in the first quarter of 2025, prices in the primary market rose by 4.4% for one-room apartments compared to the fourth quarter of 2024, and by 4.2% for two-room and three-room apartments. In the secondary market, prices rose by 3.7%, 3.5%, and 3.7%, respectively.
As reported, according to the State Statistics Service, housing prices in 2024 rose by 12.7%.
The State Statistics Service noted that the figures do not include temporarily occupied territories and parts of territories where hostilities are (were) ongoing.
Zaporizhzhya Heavy Crane Building Plant (Zaporizhzhya Heavy Cranes), part of Finnish company Konecranes, ended 2024 with a loss of UAH 17.04 million, which is 5.7 times less than in 2023.
“The company’s net loss for the year decreased to UAH 17,044 thousand (2023 – UAH 97,192 thousand), which the company’s management intends to cover after the end of martial law and the full resumption of the company’s operations,” the financial report published on the company’s website says.
The uncovered loss of Zaporizhkrán JSC as of the beginning of this year amounted to UAH 178.1 million.
The company incurred a loss of UAH 1.24 million from operating activities (in 2023 – UAH 75.8 million), while gross profit increased by 67% to UAH 76.04 million.
According to the report, Zaporizhkrans net income grew by 17% to UAH 190.5 million.
Current liabilities for the past year decreased by 11% to UAH 466.4 million, while long-term liabilities increased by 40.6% to UAH 7.4 million.
Zaporizhkrans was founded in 1928. Since 2005, its main shareholder has been Konecranes, a leading global manufacturer of cranes and lifting equipment based in Finland. The parent company is Zaporizhzhya Crane Holding.
The average number of employees at the plant in 2024 was 298 (8 fewer than a year earlier).
The company specializes in the production of bridge, gantry, and special-purpose cranes and components for them, as well as metal structures. Over 95% of its products are exported.
“The company has adapted its business processes to the conditions of martial law and continues to operate in the territory controlled by Ukraine, with its assets located at a relatively safe distance from areas of active combat operations,” the report said.
As reported, in 2023, Zaporizhkrán reduced its losses by 20% compared to the previous year, to UAH 97.2 million, with a 47.3% decrease in revenue, to UAH 162.55 million.
In the first quarter of 2025, JSC NAEK Energoatom paid UAH 12.6 billion to the Ukrainian budget in the form of taxes, mandatory payments, and a single contribution to compulsory state social insurance.
“This is UAH 5.7 billion more than in the same period of 2024,” the company said on its Telegram channel.
In turn, according to Energoatom’s financial results for the first quarter of 2025, published by MP Oleksiy Kucherenko on Facebook, NAEK’s net income from the sale of products (goods, works, services) in January-March reached UAH 77 billion, with the cost of production amounting to UAH 17.6 billion and gross profit amounting to UAH 59.4 billion.
As reported with reference to Kucherenko, according to the results of the first quarter of 2025, Energoatom received UAH 12.15 billion in net profit. He also recalled that at the end of 2024, Energoatom recorded UAH 1.3 billion in net profit.
According to the report of the Temporary Investigation Commission (TIC) of the Council on Possible Violations in the Tariff Policy in the Energy Sector for the six months of its activity, the current electricity tariff for the population of 4.32 UAH/kWh provides Energoatom with additional undistributed profit and depreciation in the amount of 0.99 UAH/kWh, which is about 49 billion UAH per year.
Members of the TSC believe that the level of electricity prices for the population set by the Cabinet of Ministers of Ukraine as of May 2024 fully corresponds to the economically justified level.
On May 14, the Verkhovna Rada took note of the TSC’s report on the investigation of possible violations of Ukrainian law in the formation and implementation of pricing and tariff policy in the energy and utilities sectors during its six months of activity.
By a corresponding resolution, the Rada extended the work of this Temporary Commission for a period determined by parliament (one year from the date of its establishment) and decided to hear its report on the work done at a plenary session by October 30, 2025. The Temporary Commission was established by a resolution of the Verkhovna Rada on October 30, 2024.
In 2024, Energoatom paid UAH 145.35 billion for PSO services (provisions on the imposition of special obligations – IF-U), allocating 58% of its net income to this purpose.
The Interfax-Ukraine news agency has announced the launch of a Ukrainian-language version of its monthly analytical publication Economic Monitoring, which covers key macroeconomic indicators for Ukraine and the global economy, foreign trade dynamics, inflation, trends in employment, fiscal policy, public debt, energy, transport, and agriculture.
The new Ukrainian-language publication was created to expand access for Ukrainian businesses, think tanks, government agencies, and the media to verified economic information prepared on the basis of official sources, including the State Statistics Service, the National Bank of Ukraine, the Ministry of Economy, and international financial institutions, such as the World Bank and the IMF.
“In the current turbulent economic situation, the country needs high-quality, structured analytics presented in the official language. The launch of Economic Monitoring in Ukrainian is an important step towards meeting the needs of a professional audience in Ukraine. We want this product to become a reliable tool for businesses, government officials, and journalists in their decision-making,” said Maxim Urakhin, Director of Development at Interfax-Ukraine.
The first issue is already available to subscribers of the agency. It contains:
The publication will be updated monthly in accordance with available official data, even if some statistical publications are partially suspended due to martial law.
You can order an electronic copy of Economic Monitoring by contacting us at:
Maksym Urakin
Email: urakin@interfax.kiev.ua
Tel.: +38-067-232-00- 42.
Source: https://en.interfax.com.ua/news/press-release/1073347.html
At the beginning of 2025, the German labor market is showing resilience despite economic challenges, including slowing GDP growth and structural changes in industry. However, problems such as a shortage of skilled workers, demographic changes, and difficulties with integrating migrants remain.
Key indicators at the beginning of 2025
Total employment: According to the Federal Statistical Office of Germany, the number of people in employment in March 2025 was around 45.8 million, 0.1% less than in March 2024.
Unemployment rate: In March 2025, the unemployment rate was 3.7%, up 0.2 percentage points compared to the same month of the previous year.
Average working week: Despite high employment, the average number of hours worked per employee fell to a record low (excluding the pandemic year of 2020), raising concerns about labor productivity.
Professions in demand
In 2025, there will continue to be high demand in Germany for specialists in the following fields:
Medicine: doctors, nurses, pharmacists.
Information technology: software developers, cybersecurity specialists, data analysts.
Construction: engineers, architects, skilled workers.
Education: teachers, especially in primary schools and technical subjects.
Care sector: social workers, caregivers, especially in the context of an aging population.
The shortage of personnel in these sectors is due to both demographic changes and an insufficient influx of qualified specialists.
Migration plays a key role in maintaining Germany’s labor force:
Number of foreign workers: As of 2024, the number of foreign workers in Germany stood at 6.3 million, almost twice as many as ten years ago.
Main migrant groups:
Ukraine: Since the start of the conflict in 2022, Germany has taken in a significant number of Ukrainian refugees, many of whom are integrating into the labor market.
Syria, Turkey, Afghanistan: These migrant groups are actively participating in the economy, especially in sectors with labor shortages.
Integration challenges: Despite integration efforts, migrants face challenges including recognition of qualifications, language barriers, and limited access to educational programs.
Average wage
Average wage: In 2025, the average gross wage in Germany is around €4,200 per month.
Minimum wage: From 2025, the minimum hourly rate has been increased to €12.82.
Sectoral differences:
IT and technology: high wages reflecting a shortage of skilled workers.
Medicine: salaries vary depending on specialization and region.
Construction and care: salaries remain competitive, especially given the shortage of labor.
Forecasts and challenges
Germany faces a number of structural challenges in the labor market:
An aging population: According to forecasts, around 4.8 million baby boomers will retire by 2035, exacerbating the labor shortage.
Reduction in working hours: The average number of hours worked per employee is declining, which could have a negative impact on overall productivity.
Integration of migrants: Additional measures are needed to effectively integrate migrants into the labor market, including recognition of qualifications and language support.
In response to these challenges, the German government is implementing programs to attract skilled workers from abroad, improve working conditions, and promote employment among women and older workers.
Source: http://relocation.com.ua/analysis-of-the-german-labor-market-at-the-beginning-of-2025-by-relocation/
