Business news from Ukraine

Business news from Ukraine

OTP Bank launches loan program for used electric cars

JSC OTP BANK offers favorable financing conditions for those who want to drive a modern and reliable used electric car as soon as possible without overpaying for a loan. The reduced interest rate is a strong argument in favor of purchasing an eco-friendly car with the support of the Bank, said Vitaliy Skorobohatyi, Head of Car Lending Development Department of OTP Bank.

“An electric car on credit is not only about the opportunity to become the owner of a car today and about comfort, but also about a profitable investment in the future. At OTP BANK, we have created conditions that really help our customers make this choice easier: a reduced interest rate, a minimum down payment, no requirements for hull insurance and car age. This means that you can buy an electric car quickly and without hidden overpayments. We are happy to support customers who choose environmentally friendly solutions,” said V. Skorobohatyi.

Terms of lending for used electric cars at OTP BANK:

  • interest rate – 25.99% per annum;
  • down payment – from 10%;
  • one-time fee – 2.99%;
  • loan amount – from UAH 10,000 to UAH 1,000,000;
  • loan term – from 1 to 7 years;
  • real annual interest rate – from 30.78% to 37.22%.

Buying an electric car is not only about caring for the environment and sustainable development, but also about a number of benefits for the owner. Such cars combine modern technological solutions that make driving comfortable, convenient, and much quieter than traditional cars. It also saves on fuel and car maintenance.

How can I quickly find out my loan amount?

You can calculate the preliminary amount of financing in just one minute using a convenient bot or calculator on the OTP BANK website. The Bank’s specialists will provide detailed advice on the loan and help you choose the optimal term and amount of monthly payments.

The client receives the final decision of the Bank on the possibility of financing and the transfer of funds for the car within one day.

We would like to remind you that OTP BANK offers from UAH 10,000 to UAH 1,000,000 loan for any used car. It is also possible to become the owner of a new car from a car dealership with the support of the Bank. The motorcycle season is in full swing, so the financial institution has prepared favorable conditions for those customers who are interested in buying a motorcycle on credit.

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July trends in cryptocurrency market review by Fixygen

Bitcoin: a new high and institutional growth

  • On July 9, BTC reached a record high of $112,000 and is now hovering around $111,000.
  • The rise was caused by an influx of institutional investors: ETF holdings have exceeded $14.4 billion, and more than 135 companies are holding BTC in reserve.
  • Analysts expect that if the positive sentiment continues, BTC could reach $120-131,000 in July and even $200-250,000 by the end of the year.

Ethereum and altcoins

  • ETH is trading around $2,776, having risen in December-July. The integration of Ethereum into spot-ETFs and CME futures is boosting demand.
  • AI tools forecast ETH at $3,000-3,200 in July.
  • Altcoins: Solana and XRP show growth after ETF approval, Cardano and IMX are seen as having potential with the breakout of key levels ($0.77 for ADA). BeInCrypto also highlights CELO and DOGE.

Overall trend: the bull market continues

  • The total market capitalization grew by +2.6% in June, but remains sensitive to geopolitics.
  • Central banks (e.g., Australia) are promoting CBDC, which increases interest in cryptocurrencies.
  • Mass institutionalization: Bitcoin is already replacing assets on corporate balance sheets.

Forecasts for July 2025

  • Bitcoin: technical target is $118-131,000; with favorable trade dynamics and lower inflation, a breakthrough to $120,000 is possible.
  • Ethereum: expected to strengthen to $3,000, especially if institutional support increases.
  • Altcoins: XRP may rebound from $2.26 to $3+, ADA to $0.77, SOL and IMX – if resistance is broken through.
  • Risks: Correction is possible based on profit analysis and fiscal changes. The activity of “old” BTC wallets (~200 million USD) adds to the uncertainty.

Source: https://www.fixygen.ua/news/20250710/oglyad-lipnevih-trendiv-na-rinku-kriptovalyut-vid-fixygen.html

“Ukrzaliznytsia” paid coupon on Eurobonds 2026 on time despite losses

Ukrzaliznytsia JSC (UZ) paid the coupon payment on its 2026 Eurobonds due on July 9 in full and on time, said Oleksandr Pertsovsky, Chairman of the Board of the company.

On the sidelines of the panel discussion “No Security – No Recovery” organized by the Pinchuk Foundation and YES on the sidelines of URC2025, he emphasized that the company was fulfilling its obligations despite the deterioration in liquidity.

The day before, UZ announced that it would pay coupons due on July 9 and 15 on its Eurobonds maturing in 2026 and 2028, respectively, although in Q1 2025, EBITDA reached negative territory due to a drop in cargo volumes (-17% year-on-year compared to Q1 2024) and a rapid increase in operating expenses.

“Since the beginning of the year, available cash has decreased significantly, increasing the need for financing from international financial institutions to cover critical capital investments and liquidity needs during the ongoing war,” the press service said.

“Without such support from strategic partners, the company would likely not have been able to fulfill its financial obligations to Eurobond holders,” the press release said.

In addition, it was noted that Ukrzaliznytsia has engaged a financial advisor and is seeking a solution to its Eurobonds through negotiations with the Eurobond holders in order to achieve appropriate debt relief and mitigate liquidity challenges in the coming years.

In January 2025, Ukrzaliznytsia capitalized the postponed coupon payments on the 8.25% Eurobonds 2026 in the amount of $108.28 million and the 7.875% Eurobonds 2028 in the amount of $51.9 million as a result of the restructuring in 2022.

 

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Bitcoin breaks records amid groundbreaking news from US

The price of bitcoin hit a new all-time high on Wednesday thanks to increased risk appetite among investors and steady demand from institutional investors.

The value of this cryptocurrency rose to a record high of $112,022 during the previous session, but fell 0.5% to $111,185 at 10:11 a.m. on Thursday.

Bitcoin is supported by the favorable policy of US President Donald Trump’s administration towards cryptocurrencies.

In addition, Trump Media & Technology Group, the parent company of Trump’s social network Truth Social, wants to launch a cryptocurrency ETF that will, among other things, invest in Bitcoin.

“Bitcoin is the only asset I know of that becomes less risky as it grows in size,” Reuters quoted Anthony Pompliano, head of Professional Capital Management, as saying.

Since the beginning of the year, the price of Bitcoin has risen by 19%, and in the last 12 months, it has almost doubled.

European quotas stimulated exports and prices for oil from Ukraine

The introduction of quotas on Ukrainian oil imports by the European Union in mid-June led to an increase in domestic prices for the product, industry analytical agency Infagro reported on Wednesday.

“In the first two weeks of the quotas, Ukrainian suppliers have already used about 25% of the allocated volume, and demand from European buyers remains high due to the price difference,” analysts said.

They noted that dumping in the trade of Ukrainian butter is causing discontent among Polish producers, which could negatively affect negotiations on further expansion of trade privileges for Ukraine. The European Commission is already taking these signals into account, the report said.

According to experts, preliminary estimates show that despite a pause in exports at the beginning of the month, significantly more of this product was exported from Ukraine in June than in the first quarter on average. The main driver was high export prices: in the EU — $7,300–7,500/ton (FCA), in Moldova — at least $7,000/ton.

At the same time, in the second half of June, domestic prices for oil continued to rise.

“Despite the decline in production compared to May, oil production in July is expected to be significantly higher than last year,” Infagro predicts.

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Businessman Vyacheslav Mishalov considers Ukrainian real estate to be overvalued

Businessman Vyacheslav Mishalov, who has significant assets in several sectors, mainly concentrated in the Dnipro region, is refraining from investing in Ukrainian real estate until values in this market are reassessed, he said in an interview with the Interfax-Ukraine news agency.

“I am not a fan of construction or the construction business because real estate prices in Ukraine are not high enough to make it a good business. Accordingly, you either have to build poorly or sell at high prices. I don’t like this format,” he said.

Mishalov added that he does not see much success among the few developers who are trying to build high-quality properties and sell them at high prices.

“There are no new construction projects, and I don’t think there will be any in the near future. While there is still some movement in Kyiv, in Dnipro I see several developers just finishing construction and fulfilling their obligations. With that level of cost, it is not interesting to me as an investor,” the businessman said.

According to his assessment, there was a surge in western Ukraine, but it was very short-lived: those who managed to get out of there with their money were lucky, while the rest will remain there with significant losses.

“I live in Dnipro, which has been hit hard throughout the war, but I have no intention of buying real estate in western Ukraine. For many reasons. I believe that it is overvalued today. And as soon as there is some prospect of stability, it will turn to rubble. So it’s not an asset, it’s some kind of psychopathy,” Mishalov believes.

According to him, it probably makes sense to invest money in some real estate in western Ukraine if you plan to move there. “But there is no quality real estate there, and there are no plans to build any, because everyone was chasing hype and speed — to get money from potential clients as quickly as possible. It’s not quality construction,” he added.

The investor noted that when he was choosing where to buy an apartment in Dnipro and Kyiv, there were literally only a few buildings that were well-designed and built.

“There needs to be a major revaluation of values in the real estate sector. Construction must begin in accordance with existing building codes,” Mishalov emphasized.

At the same time, he said that he has a project to restore the facade of a historic building in the center of Kyiv, on which he wants to spend “tens of millions of hryvnias.” According to the businessman, he was “in a good mood” after talking with the first deputy head of the State Architectural and Construction Inspection, Iryna Gioane, who on her own initiative welcomed the company’s initiative.

“We have been given permission to restore the building. We will try to finish everything beautifully by late autumn—restoring it as it was designed 100 years ago,” Mishalov said.

He added that the company had been trying to obtain this permit for a year and a half, even though there is little demand for restorers in the country, with only two teams remaining: one in Kyiv and one in Odesa.

He also clarified that his businesses operate separately from those of his father, Dmitry Mishalov, also a well-known Dnipro businessman and developer (Master Group).

As the businessman said in an interview, all his assets are already quite well structured and managed through the closed non-diversified venture corporate investment fund Fortress.

Mishalov’s investments include the financial company Ye Groshi, the provider Fregat, the Lotus network of four gas stations in Dnipro and Novomoskovsk, the petroleum products trader Lotus Oil Trading, an IT division, and the news portal Informator.

The fund, in turn, is managed by the asset management company MPSS LLC from Dnipro, owned by Serhiy Shishkin (50%), Ihor Sukhodolsky (41%), and Olga Mukhina (9%).

“I don’t have my own asset management company; I manage everything through the fund as much as possible. In my opinion, today it is one of the best tools for ownership and management, including financial flows,” Mishalov emphasized.

Source: https://interfax.com.ua/

 

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