Business news from Ukraine

Business news from Ukraine

Forecast of unemployment rate in Ukraine according to methodology of International labor organization until 2025

Forecast of unemployment rate in Ukraine according to methodology of International labor organization until 2025

Open4Business.com.ua

Up to 40% of cancer cases worldwide can be prevented – WHO

Up to four in ten cancer cases worldwide can be prevented, according to a joint statement by the World Health Organization (WHO) and the International Agency for Research on Cancer (IARC) following a new global analysis.

According to the authors’ estimates, 37% of all new cancer cases in 2022, or about 7.1 million cases, were linked to preventable causes. The analysis covers 30 modifiable risk factors, including tobacco, alcohol, high body mass index, low physical activity, air pollution, and ultraviolet radiation, as well as, for the first time, nine infections that can cause cancer.

The WHO indicates that tobacco remains the leading preventable cause of cancer (about 15% of new cases), followed by infections (about 10%) and alcohol consumption (about 3%). Lung, stomach, and cervical cancer are among the most significant contributors to preventable morbidity.

The organization notes that the proportion of preventable cases is higher in men than in women – 45% versus 30%. Regional differences are also significant: among men, the highest proportion is recorded in East Asia (57%), the lowest in Latin America and the Caribbean (28%), and among women, the range is from 24% in North Africa and West Asia to 38% in sub-Saharan Africa.

WHO and IARC emphasize the need for prevention, including strengthening tobacco control policies, alcohol regulation, HPV and hepatitis B vaccination, improving air quality, improving occupational safety, and creating a healthier environment for nutrition and physical activity.

 

,

National Bank declares PIN Bank insolvent

On February 19, the Board of the National Bank of Ukraine (NBU) decided to classify the state-owned PIN Bank as insolvent. As in the case of Motor Bank, the reason was the failure to comply with the regulator’s written request to submit a revised financial recovery plan, taking into account the comments made after the bank was classified as problematic, according to the NBU website.

The National Bank also emphasized that PIBank is not systemically important (its share in the sector is 0.01% of assets) and was classified as problematic on December 16, 2025, due to a violation of the minimum regulatory capital requirements.

The bank’s regulatory capital on the date of the decision was UAH 73 million, while the National Bank’s minimum requirement was UAH 200 million.

The Deposit Guarantee Fund will reimburse depositors in full, including interest, as of the end of the day before the start of the procedure for withdrawing the bank from the market, except in cases specified by law.

As reported, in February 2023, the High Anti-Corruption Court of Ukraine seized 88.89% of the shares of PIN Bank, which belonged to Russian businessman Yevgeny Giner, in favor of the state.

According to the National Bank, at the beginning of the year, the financial institution ranked 59th (UAH 212.7 million) among 60 banks in Ukraine in terms of total assets, and its loss for 2025 amounted to UAH 63.2 million.

 

,

In 2025 IC “Arsenal Insurance” has increased collection of premiums by 60%, payments by 41%

Insurance company “Arsenal Insurance” (Kiev) for 2025 collected UAH 5.06 billion of insurance premiums, which is 60% more than in 2024, according to the insurer’s website.

It is also noted that last year the strategic focus of the company was concentrated on CASCO insurance, for which it is among the top 2 players in the Ukrainian market. In total for 2025, the volume of premiums on CASCO amounted to UAH 2.78 billion – 40% more than in 2024. The share of Arsenal Insurance in the CASCO market is approaching 20%.

According to the report, last year the company’s performance in MTPL insurance grew significantly. In 2025 “Arsenal Insurance” issued 50% more policies than in 2024 – and the volume of premiums on MTPL amounted to UAH 1.25 billion.

Premiums on VHI increased by 32% – up to UAH 459 mln. More than 200 corporate clients are clients of the company’s medical service, and the number of insured is about 45 thousand people.

In addition, premiums on cargo insurance for 2025 have grown by 26% – up to UAH 229 mln, on property insurance – by 22%, up to UAH 211 mln.

The total volume of last year’s payments increased by 41% and approached UAH 2 billion. Payments under CASCO amounted to UAH 1.26 billion (+34% to 2024), under CMTPL insurance – UAH 298 million (+78%), under health insurance – UAH 241 million (+39%). More than 16 thousand payments were made under CASCO, under MTPL – more than 8 thousand.

The company informs that in 2025 it made payments for military risks in the amount of more than UAH 26 mln. In particular, for damage to a solar power plant and several business centers.

At the end of the year, the net financial result of Arsenal Insurance amounted to UAH 354 mln – almost three times more than in 2024.

The company emphasizes that in September 2025 received the status of a full member of the ITSBU, which allowed to start selling international auto insurance policies “Green Card”.

During the year, corporate spaces in Kyiv, Odessa, Kharkiv, Chernivtsi, Rivne, Lutsk and Kropivnitsky were renewed. In total, Arsenal Insurance has offices in 29 cities in Ukraine.

“For 20 years we have reached many heights, and the most important of them is leadership in CASCO. But our ambitions are not limited only to profit and places in ratings. Now our goal is to become a lovemark in the insurance industry,” says Sergey Avdeev, majority shareholder and CEO of Arsenal Insurance.

 

Number of unemployed in Ukraine and job opportunities, 2024-2025

Number of unemployed in Ukraine and job opportunities, 2024-2025

Open4Business.com.ua

Moldova intends to strengthen supervision of foreigners

On Wednesday, the Moldovan government approved a draft law “On the admission, stay, and supervision of foreigners” developed by the Ministry of Internal Affairs. According to the press service of the Cabinet of Ministers, the document includes new concepts adapted to the legal framework of the European Union. According to the draft law, a residence card will now become a single document confirming the identity and legal status of foreigners.

To strengthen the admission process and ensure effective management of migration flows, foreigners will be required to justify the purpose of their stay in the republic by providing relevant documents (contracts, certificates, invitations, etc.).

In addition, mandatory confirmation of financial solvency during the period of stay in the country will be introduced.

“The criteria and level of means of subsistence will be established by subsequent regulations depending on the purpose of the stay,” the document notes.

A “flexible regime” will apply to short-term stays (up to 90 days). It is expected that the procedures for submitting applications, approvals, notifications, and reporting will be digitized.

The law is intended to stimulate “competitive advantages for sectors of the economy with labor shortages” and “support companies operating in sectors where the local workforce is insufficient by hiring third-country nationals for various purposes.” At the same time, however, there are plans to reduce illegal employment.

At the end of 2025, more than 21,500 foreigners and stateless persons from more than 130 countries were registered in Moldova. Of these, more than 5,600 were eligible for permanent residence, and about 16,000 were eligible for temporary residence.

http://relocation.com.ua/moldova-to-tighten-control-over-migrants-on-its-territory/

 

,