The number of insurance companies in Ukraine decreased by one in July 2025, and as of the end of the month, there were 51 risk insurers operating on the market, 10 life insurance companies, and one company with special status, the Export Credit Agency (ECA). According to the website of the National Bank of Ukraine (NBU), the number of banks remained unchanged at 60. The number of insurance and/or reinsurance brokers also remained unchanged at 44.
Overall, the number of participants in the country’s non-bank financial market decreased to 799 last month from 812 at the beginning of the month.
The NBU reports that in July it revoked the licenses of one financial company at the applicant’s initiative and forcibly revoked the licenses of eight financial companies, one risk insurer, and three credit unions.
As of August 1, 2025, there were also 423 financial companies (previously 432), 90 credit unions (previously 93), 105 pawnshops, one leasing company, and 74 collection companies (the number remained unchanged) operating in the non-bank financial services market.
The number of banking groups increased by one to 16, non-banking financial groups remained at 40, payment systems created by residents, including state-owned ones, numbered 15, and 10 international ones (previously 12), payment institutions – 17 (previously 18), financial institutions authorized to provide payment services – 12, one electronic money issuer, and one postal operator.
Other entities operating in the payment market include 48 commercial agents and 31 payment service technology operators (the number has not changed).
In July, the National Bank received 280 requests from market participants regarding registration and licensing activities.
The number of requests concerning financial companies, pawnshops, and leasing companies amounted to 149, insurers – 54, credit unions and collection companies – 32, banks – 45.
On August 8, the supervisory board of Veles Insurance Company (Odessa) extended the term of office of the chair of the management board, Oksana Sherstneva, until September 1, 2025, according to information published by the National Securities and Stock Market Commission (NSSMC) on the holding of a general meeting.
As reported, on July 17, 2025, the National Bank of Ukraine imposed measures on Veles Insurance Company in the form of a written warning due to the fact that the insurer’s authorized capital does not meet the requirements of the Insurance Law regarding its minimum size. In addition, an enforcement measure in the form of a written warning was also applied to IC Veles due to the non-compliance of the insurer’s business reputation and significant shareholders with the requirements of the law.
The company’s shareholders plan to consider increasing the authorized capital by 61.5%, or UAH 24 million, at a general meeting on August 14, 2025.
Veles Insurance Company has been operating in the market since 1998. It holds 15 licenses for voluntary and compulsory types of insurance. It is a member of the Insurance Business Association. Its authorized capital is UAH 39 million.
Polish Defense Minister Vladislav Kosiniak-Kamysz said that the country intends to create an army of more than 500,000 troops.
This significantly exceeds the plans previously announced by President Karol Navrocki to bring the army to 300,000.
“We will create an army larger than the one President Nawrocki spoke about — not 300,000, but more than 500,000 people,” the minister said in an interview with Rzeczpospolita.
According to him, the president has already approved plans to expand the army.
Currently, there are more than 210,000 soldiers in the Polish army, and by the end of 2025, this figure is expected to reach 230,000.
Earlier, Prime Minister Donald Tusk said that the Polish army is already the largest in the EU and in a few years will become “the strongest in the region.”
The cryptocurrency market is showing steady growth: the total market capitalization exceeded $4.1 trillion, with a daily increase of about 2–2.6%.
Bitcoin is currently trading at around $122,000–123,000, close to its all-time high reached in July 2025. Ethereum has strengthened to $4,300, its highest level since the end of 2021.
The growth of the cryptocurrency market is driven by:
Against this backdrop, the crypto market is experiencing a “crypto summer” — a wave of IPOs and public listings of companies in the industry, including brands such as Galaxy Digital, Coinbase, and Kraken.
The market has reached new heights: capitalization consistently exceeds $4 trillion, and Bitcoin and Ethereum are strengthening, supported by institutional inflows and favorable regulation. Regulatory initiatives are stimulating investor interest and confidence: the creation of cryptocurrency ETFs, the permission to include digital assets in pension funds, and the promotion of stablecoin laws (the Genius Act in the US). The industry is becoming increasingly institutionalized: companies are actively launching IPOs, and large funds are entering the market and accumulating assets.
The overall trend is positive: active growth continues, but volatility risks remain, especially in the event of a deterioration in the macroeconomic situation or a change in the policies of key regulators.
On average, three people a day ask to be declared insolvent
The number of people deciding to declare themselves bankrupt is growing in Ukraine. According to the Supreme Court, more than 2,900 Ukrainians have become bankrupt in the last five years. 577 Ukrainians have already filed for bankruptcy in the first six months of 2025. In 52% of cases, it is men who are asking to be declared insolvent. The highest number of bankruptcies this year is in Kyiv, Kyiv Oblast, and Lviv Oblast.
577 Ukrainians went bankrupt in the first half of 2025 in Ukraine. Such cases increased by 33% compared to the same period in 2024. In general, the largest number of people went bankrupt last year: 926 cases, but this year risks catching up with these figures.
On average, three new bankruptcy cases are opened every day this year.
A total of 2,948 bankruptcy cases involving citizens have been opened in the last five years. Although the bankruptcy procedure was officially introduced in 2019, Ukrainians only began to actively use it in 2021.
Fifty-two percent of cases since 2021 involve men, and 48% involve women. The gender gap is not critical and remains almost the same every year. For example, in 2021, men dominated (57.9%), while in 2022 and 2025, women slightly outnumbered men.
The largest number of bankruptcy cases in 2025 were opened in Kyiv — 128. Kyiv region is in second place with 83 cases, followed by Lviv, where 73 applications were filed.
You can check whether a person is bankrupt in OpenDataBot — just enter their TIN and you will receive complete information in a matter of seconds.
“The current increase in the number of bankruptcy cases is part of a steady trend that has been going on for several years. The procedure is gradually becoming more predictable: judicial practice is being developed, participants in the process are gaining experience, and the mechanism itself is working more smoothly. At the same time, creditors — banks and financial institutions — are becoming more demanding in terms of debt write-off or restructuring conditions. It is important to understand that bankruptcy is not a panacea for easy and painless “debt write-offs.” The consequences of insolvency will affect a person for at least several years,” comments Denys Pavlovych Lykhopok, lawyer, arbitration manager, member of the Qualification Commission of Arbitration Managers, and bankruptcy specialist.
According to him, there are still gaps in the procedure that need to be addressed. In particular, these relate to the tax consequences of restructuring and debt write-offs, as well as interaction with enforcement proceedings and other related court cases, which often remain outside the scope of insolvency cases.
https://opendatabot.ua/analytics/bankrupts-2025-6
Rozetka opened 33 new stores in January-June 2025 and plans to launch 10 more by the end of the year, according to its press service.
“Despite constant threats, Rozetka opened 33 new stores in the first six months of 2025: 22 of its own and 11 franchises. This is almost half of last year’s figure, when the company added 74 new stores and entered 35 new cities,” the company said in a statement.
It is noted that the new stores will also include relocated facilities.
In addition, Rozetka continues to develop its network of parcel terminals and partner delivery points.
“At the beginning of 2024, there were only four parcel terminals, but now there are already 104,” the company’s press service reported.
Rozetka, an online store for electronics and household appliances, was founded in 2005 in Kyiv by Vladislav and Irina Chechotkin, and later the fund managed by Horizon Capital became a co-owner of the company. Today, the company has transformed into a multi-category online marketplace, but is also developing a network of its own stores. As of August 1, 2025, the network has 549 stores in 166 cities.
