Business news from Ukraine

Business news from Ukraine

National Bank increases limits on corporate card payments abroad

The National Bank of Ukraine has increased limits on corporate card payments abroad. Cash withdrawals of up to UAH 17,500 (equivalent) are now permitted, whereas the previous limit was UAH 12,500.
“The expansion of limits will not have a significant impact on the currency market of Ukraine, given that the increase in demand for foreign currency for corporate card transactions is likely to be offset by a decrease in demand through other, less convenient channels,” the National Bank said on its website on Saturday.
It added that the second easing was an increase in the limit for payments for goods, works, and services with corporate cards abroad from UAH 100,000 to UAH 150,000 per month.
For personal cards, the limits remain unchanged: UAH 12,500 for cash withdrawals per week and UAH 100,000 for non-cash payments.
The NBU clarified that the relevant changes to “military” Resolution No. 18 of February 24, 2022, were introduced by Resolution No. 53 of the regulator’s board on May 9 of this year and came into force on May 10.

 

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Ukrainians’ attitudes toward Iraq: high levels of prejudice and associations with conflict

Among all Middle Eastern countries, Iraq ranks among those toward which Ukrainians have the least positive attitudes. These data were obtained from a sociological survey conducted by Active Group in April 2025 in cooperation with the information and analytical center Experts Club.

According to the results, 40.0% of Ukrainians have a negative attitude toward Iraq (30.1% — mostly negative, 9.9% — completely negative). Only 5.8% of respondents expressed a positive attitude (3.7% — mostly positive, 2.1% — completely positive). Another 46.2% of respondents chose a neutral position, and 8.0% were unable to answer.

“Ukrainians associate Iraq primarily with military conflicts, terrorism, instability, and geopolitical threats, rather than diplomatic or economic contacts. This shapes a persistent image of the country as a ‘risk zone,’” commented Maxim Urakin, founder of Experts Club.

The results indicate deep informational associations that need to be changed if countries plan to expand contacts in the peaceful, trade, or cultural spheres.

The presentation of the study is available at the link.

 

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Arsenal Insurance will pay UAH 50 million in dividends for 2021 and 2022

Shareholders of Arsenal Insurance (Kyiv) decided at a meeting on May 7 to allocate UAH 34.705 million of undistributed profits for 2021 and UAH 15.395 million for 2022 to dividend payments, the company reported in the information disclosure system (NSSMC).

As stated in the report, the dividend per ordinary share will be UAH 167. Dividends will be paid directly to shareholders in proportion to the number of shares held by each of them from May 29 to June 27, 2025.

Insurance Company Arsenal Insurance is the successor to Insurance Company Arsenal-Dnipro, which has been operating in Ukraine since 2005. It is represented in all regional centers and some major cities of the country.

According to the NBU, the company is one of the top ten insurers in Ukraine in terms of premiums collected for the first nine months of 2024.

 

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Geographic structure of Ukraine’s foreign trade (trade volume) in January-December 2024, mln. USD

Geographic structure of Ukraine’s foreign trade (trade volume) in January-December 2024, mln. USD

Source: Open4Business.com.ua

Geographical structure of Ukraine’s foreign trade (surplus) in January-December 2024, million USD

Geographical structure of Ukraine’s foreign trade (surplus) in January-December 2024, million USD

Source: Open4Business.com.ua

Ukrainians’ attitude towards Egypt: tourist interest without deep political roots

Egypt is a country that Ukrainians perceive as mostly neutral, with a slight positive bias. This is evidenced by the results of a sociological survey conducted by Active Group in collaboration with the Experts Club think tank in April 2025.

According to the survey, 68.2% of respondents expressed a neutral attitude toward Egypt, which is one of the highest figures among all countries. A total of 17.6% of Ukrainians have a positive attitude toward this country (13.8% mostly positive, 3.7% completely positive), while 7.1% have a negative perception (6.0% mostly negative, 1.1% completely negative). Another 7.1% of respondents abstained from answering.

“Egypt is traditionally associated in Ukraine mainly with tourism, but it has no significant political or humanitarian presence in the context of the war. This explains the high level of neutrality,” commented Oleksandr Pozniy, co-founder of Active Group.

In turn, Maxim Urakin, founder of Experts Club, noted that Egypt has been one of our country’s most profitable trading partners for many years, based on the positive trade balance. However, according to the expert, trade is currently a secondary factor in the minds of Ukrainians compared to moral and political support in the international arena.

At the same time, the neutral-positive perception of Egypt opens up opportunities for deeper cooperation at the diplomatic and cultural levels if the parties so desire.

The presentation of the study is available at the link.

 

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