On June 19, Kirovogradoblenergo announced its intention to conclude a contract with VUSO Insurance Company for compulsory motor third party liability insurance. According to the Prozorro electronic procurement system, the expected price for the services was UAH 900,000. The company’s price offer was UAH 682,053.
The company won a similar tender a year ago. VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the National Association of Insurance Companies of Ukraine, a participant in the agreement on direct settlement of losses, and a member of the Nuclear Insurance Pool.
INSURANCE, OSAGO, VUSO Insurance Company, Кіровоградобленерго
Despite the war in Ukraine, bank lending to businesses is growing, consortium lending is reviving, but the issue of war risk insurance remains in limbo. Vladimir Mudry, Chairman of the Board of OTP Bank JSC and Chairman of the Board of the Independent Association of Banks of Ukraine, spoke about trends and challenges in the economy in general and the banking sector in particular during the conference “Finance for Business During War 2.0.”
“This year, new areas of work have emerged that no one was talking about last year. For example, syndicated lending, which allows for the financing of large-scale infrastructure projects. We see that banks with private and state capital are joining forces to finance initiatives aimed at developing the economy. I believe that the banking sector and business should look for new areas for cooperation. This will allow banks to refine their internal programs in line with the current needs of business, and entrepreneurs to understand which ideas can already receive financing from banks today,” said V. Mudryi.
He emphasized that bank lending to businesses is growing in Ukraine, with the hryvnia corporate portfolio growing by 9.5% in the first quarter of 2025 and 28.4% year-on-year. At the same time, there are a large number of state programs for financing SMEs, including the state program “Affordable Loans 5-7-9%” and compensation for loans for domestically produced machinery and equipment. The share of total loans to small and medium-sized businesses in the banking system as a whole has already exceeded 60%.
“At the same time, other indicators, which currently remain quite low, are cause for concern. According to the results of 2024, the loan portfolio of banks amounted to only 23% of total assets. And if we take GDP, the total loan portfolio is only 19%. For comparison, in Poland this figure is 33%. This means that there is considerable potential for growth,“ emphasized V. Mudry.
Separately, V. Mudry drew attention to the challenges common to both business and banks. ”Unfortunately, no concrete results have been achieved in the area of war risk insurance over the past year. The law is still being considered by members of parliament. We also do not see an increase in financing programs from international partners,” emphasized the head of OTP Bank.
As a reminder, the credit rating agency S&P Global raised the rating for OTP Bank (Hungary) from BBB-/A-3 to BBB/A-2. This level is higher than Hungary’s sovereign credit rating.
OTP Group is the fourth most stress-resistant banking group in Europe based on the European Banking Stress Test 2023 conducted by the European Banking Authority. OTP Group also tops the Ranking of the 100 Best Banks in Central and Eastern Europe for 2023 and 2024.
Since the beginning of the year, Ukrainians have imported over 181,000 passenger cars, of which almost 80% are used. Despite the significant quantitative advantage of such vehicles, new cars accounted for almost half of the total import value – $1.2 billion out of $2.57 billion. At the same time, the value of used cars is $1.37 billion.
Used cars provided UAH 16 billion in customs duties to the state budget, while new cars provided UAH 10.7 billion.
The type of fuel chosen by Ukrainian consumers reflects both stable preferences and gradual changes in trends. Gasoline cars remain the most popular, accounting for almost half (48.5%) of all imports. Electric cars are in second place (22.1%), not only overtaking diesel (20.6%) but also significantly outperforming hybrids (8.8%).
Electric transport has become the most dynamic segment of the car market. Since the beginning of the year, more than 40,000 electric vehicles with a total value of $810 million have been imported into Ukraine. For comparison, twice as many gasoline cars were imported, but their total value is not much higher — $818 million.
If this trend continues, 2025 could be a record year for the number of electric cars imported.
The average cost of an electric car imported into Ukraine is over $20,000, a diesel car is almost $13,000, and a gasoline car is over $9,000.
It is also interesting that electric cars, although they belong to the more expensive segment, brought a relatively modest 333 million hryvnia in customs duties to the budget. This is due to the current tax breaks on imports of electric vehicles. For comparison, taxes on imports of gasoline cars amounted to over UAH 13 billion, diesel cars — UAH 7.7 billion, and hybrids — UAH 5.5 billion. In total, customs revenues from car imports amounted to UAH 26.7 billion in five months.
Since the beginning of 2025, passenger cars have been imported from more than 50 countries, but the undisputed leaders are:
USA — 69,000 (38% of the total number imported);
Poland — 22,300 (12%);
Germany — 20,400 (11%).
A total of almost 111,700 cars were imported from these countries, accounting for over 60% of the total. The US dominates the gasoline car and electric vehicle segments. Germany and Poland are the leaders in diesel cars.
On June 17, the State Air Traffic Services Enterprise of Ukraine (Ukraerorukh) announced a tender for the purchase of compulsory civil liability insurance for owners of ground vehicles (OSAGO), according to the Prozorro electronic public procurement system.
The expected cost of the services is UAH 2.133 million. The deadline for submitting bids is June 25. The winner of a similar tender a year earlier was SG TAS.
compulsory motor third-party liability insurance, INSURER, UKRAERORUKH
Since the beginning of the year, exports of wood and wood products from Ukraine amounted to 1.42 million tons worth $671.8 million. Compared to the same period in 2024, when 1.34 million tons were exported for $593.9 million, the volume of exports increased by 81,700 tons, or 6%. At the same time, in monetary terms, there was an increase of $77.9 million, or 13%.
Pine products account for the largest share, 68.6%, indicating high demand for this type of wood on foreign markets. Spruce timber ranks second with 19%, followed by oak with 6.6% of the total volume.
At the same time, since the beginning of the year, customs authorities have detected violations amounting to over UAH 31.4 million.
Alliance Novobud Marketing Director Iryna Mikhailova has been included in the rating of Ukraine’s best top managers of 2025 according to the authoritative business publication Focus.
The magazine recognized professionals who demonstrate leadership strategy, adaptability to challenges, and consistent results in difficult times. Irina Mikhailova was recognized as a leader who shapes the image of a progressive developer by implementing innovative approaches to communications, branding, and marketing of residential real estate.
Alliance Novobud successfully implements large-scale residential projects, particularly in Brovary and Kyiv, and is consolidating its position as one of the most recognizable developers in the country.
Alliance Novobud congratulates Ms. Irina on her honorable recognition and is proud to have specialists who are shaping the future of Ukrainian development on the company’s team.
