Business news from Ukraine

Business news from Ukraine

NBU fines SK Persha

The National Bank of Ukraine has fined SK Persha (Kyiv) UAH 2.557 million for violating consumer protection laws for financial services, as defined by the Civil Code of Ukraine and the laws “On Electronic Commerce,” “On Insurance,” and “On Financial Services and Financial Companies.” According to the NBU website, this decision was made by the Committee for Supervision and Regulation of Non-Bank Financial Services Markets on July 28, 2025, following a scheduled inspection of the company.

In addition, the insurer was fined UAH 320,000 for violating the requirements of the Rules for the preparation and submission of reports by participants in the non-bank financial services market to the NBU.

SK Persha received a written warning about the violation of the requirements of: the Law “On Compulsory Insurance of Civil Liability of Owners of Land Vehicles,” the NBU Resolution “On the Regulation of the Activities of Participants in the Non-Bank Financial Services Market, Non-Bank Financial Groups, Participants in the Payment Market, Collection Companies, and Legal Entities Licensed to Provide Cash Collection Services to Banks” (as amended), as well as the provisions on insurance secrecy and the specifics of concluding insurance contracts with consumers.

It is noted that IC Persha is obliged to pay the fines within one month from the date of entry into force of the decision and to eliminate the violations set out in the written warning by November 28, 2025.

Persha Insurance Company has been operating in the Ukrainian insurance market since 2001. The company specializes in motor insurance. The company is a member of the MTIBU, the League of Insurance Organizations of Ukraine, and the National Insurer of International Road Transport Documents (TIR).

 

,

IC “Veles” to increase authorized capital by UAH 24 mln

Shareholders of PJSC IC “Veles” (Odessa) on August 14 will consider the issue of increasing the authorized capital by 61.5%, or by UAH 24 million, according to the information system of the NCSSM on the general meeting.

According to the information, the increase in the amount of authorized capital is planned to be carried out by increasing the nominal value of shares at the expense of retained earnings (its part) for 2019-2022 in the amount of UAH 23.044 million and part of the formed reserve capital in the amount of UAH 956 thousand.

As reported, on July 17, 2025 the National Bank of Ukraine has applied to PJSC IC “Veles” measures of influence in the form of a written warning due to the fact that the size of the authorized capital of the insurer does not meet the requirements of the law “On Insurance” regarding its minimum size.

At the same time, IC “Veles” has also been subjected to a measure of influence in the form of a written warning due to the non-compliance of business reputation and owners of substantial participation of the insurer with the requirements of the legislation.

The NBU stressed that the insurer is obliged to eliminate the corresponding violation until December 15, 2025.

IC Veles has been operating in the market since 1998. It has 15 licenses for voluntary and compulsory types of insurance. It is a member of the association “Insurance Business”.

The authorized capital amounts to UAH 39 mln.

 

,

Spain’s GDP grew by 0.7% in second quarter

Spain’s economy grew by 0.7% in the second quarter of 2025 compared to the previous three months, according to preliminary data from the national statistics agency INE.

GDP growth was 2.8% compared to the same period last year.

Analysts on average predicted an increase in the first indicator by 0.6% and the second by 2.5%, according to Trading Economics.

Consumer spending in Spain in April-June increased by 0.8% compared to the previous quarter, business investment – by 2.1%. At the same time, government spending decreased by 0.1%.

Exports of goods and services increased by 1.1%, and imports by 1.7%.

Industrial production increased by 0.8%, the services sector grew by 1.2%, and the construction industry by 1.5%.

In the first quarter, the country’s GDP grew by 0.6% quarter-on-quarter and by 2.8% year-on-year.

INE also reported that retail sales in Spain in June increased by 6.2% compared to the same month last year. This is the highest increase since January 2022.

In particular, sales of food products increased by 5.4%, and non-food products by 6.6%.

http://relocation.com.ua/vvp-ispanii-u-ii-kvartali-zris-na-07/

 

Ukrainian Cabinet of Ministers may launch grants for manufacturers of bionic prostheses

Ukrainian Prime Minister Yulia Sviridenko has named prosthetics as one of the main tasks of Ukrainian social policy and announced the launch of grants for manufacturers of bionic prostheses.
“Prosthetics is one of the main tasks in social policy today. Our task is to ensure that everyone who needs it, both military and civilian, receives a high-quality prosthesis on time,” Svyrydenko wrote on Facebook on Sunday morning.
She reported that last week she held meetings with rehabilitation specialists, manufacturers, and center directors. “We see that many people are forced to wait for prosthetics or face poor-quality care. Therefore, we have tasked the Ministry of Social Policy and the Ministry of Health with developing a clear plan to resolve these issues,” the head of government wrote.
Svyrydenko also visited the Ukrainian production facility Esper Bionics and called it “an example of technology that is truly changing lives.”
“We want this market to develop. We want to see more Ukrainian manufacturers. Therefore, the government plans to launch grants for bionic prostheses,” she said.

 

, ,

Ukrzaliznytsia to launch additional trains

Additional summer trains will run in August, according to the press service of Ukrzaliznytsia JSC.

In particular, train No. 708/707 Odessa-Vinnytsia will depart from Odessa and Vinnytsia on August 1 and 3.

Trains No. 740/739 Kyiv-Kryvyi Rih and No. 753/754 Kryvyi Rih-Kyiv will run on July 31, as well as on August 2, 4, 6, 8, and 10.

Train No. 275/276 Kyiv – Vinnytsia will depart from Kyiv and Vinnytsia on August 1 and 3.

The agency said that compartment cars with seats will be used on the routes and urged passengers to choose their seats carefully and pay attention to the note that there will be no linen on these trains.

“Tickets for most trains are available on all official railway resources. Tickets for trains to/from Kryvyi Rih will go on sale soon,” the agency emphasized.

 

,

Ursula von der Leyen to meet with US President on Sunday

European Commission President Ursula von der Leyen will meet with US President Donald Trump on Sunday to discuss the prospects for a trade agreement between the EU and the US. Von der Leyen announced this on Platform X on Friday evening.
“After a productive conversation with the US president, we agreed to meet in Scotland on Sunday to discuss transatlantic trade relations and how we can keep them strong,” von der Leyen wrote on X.

 

,