Business news from Ukraine

Business news from Ukraine

Since beginning of year, over 181,000 passenger cars have been imported into Ukraine

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.

 

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Ukraerorukh seeks insurer for compulsory motor third-party liability insurance

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.

 

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Since beginning of year, Ukraine has exported wood and wood products worth almost $700 million

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.

 

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Iryna Mikhailova is among Ukraine’s top managers according to Focus magazine

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.

 

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INGO insured Antonov JSC’s risks for almost UAH 4 million

Antonov JSC (Kyiv) announced on June 13 its intention to conclude a contract with ASK INGO (Kyiv) for civil aviation risk insurance services (insurance classes 1, 5, 11), according to the Prozorro electronic procurement system.

INGO’s price offer was €3.991 million, with an expected value of €4.006 million.

As reported, insurance classes 1, 5, and 11 cover aircraft insurance, aviation carrier liability insurance for damage caused to passengers, baggage, cargo, and mail, and commercial civil aircraft operator liability insurance for damage caused to third parties. The company was the only participant in the tender and also the winner of a similar tender a year earlier. INGO Insurance Company has been providing insurance services for 30 years. Since 2017, the Ukrainian business group DCH has been the main shareholder.

 

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Cryptocurrency market overview from Fixygen – the impact of the Israel-Iran conflict

Market under geopolitical pressure

This week, the cryptocurrency market experienced serious turbulence due to the escalation of the conflict in the Middle East. Following reports of Israeli strikes on Iranian targets, the price of Bitcoin fell below $103,000, and the total market capitalization of the cryptocurrency market declined by more than $140 billion. Later, BTC partially regained its positions, settling in the $105,000–107,000 range.

Ethereum also lost about 5%, dropping to $2,510.

Alternative tokens (Solana, Cardano) fell by 2–3%, while XRP unexpectedly rose by 2–2.4%.

The fear and greed index remains in the “Greed” zone (~60), but amid instability, it could quickly shift to the “Fear” zone.

How is the war between Israel and Iran affecting the crypto market?

  1. Increased volatility:
  2. Like traditional risky assets, cryptocurrencies reacted sharply to the escalation of the conflict. Investors sought more stable instruments.
  3. Failure as “digital gold”:
  4. Against the backdrop of the geopolitical crisis, Bitcoin has not become a reliable safe haven, unlike real gold, which has risen in value.
  5. Inflation risks:
  6. Potential oil price increases and rising inflation could influence central banks’ monetary policy, putting pressure on risky assets, including crypto.
  7. No panic on the blockchain:
  8. On-chain data does not show any mass sell-offs — large holders (whales) are mostly holding their positions. Futures markets remain stable.

Short-term and long-term forecasts

June forecast:

  • BTC is likely to fluctuate between $105,000 and $110,000 until clear news emerges from the front.
  • An escalation of the conflict could push the price below $100,000.
  • If the situation stabilizes, growth to $115,000 is possible.

3–6 month forecast:

  • Bitcoin is expected to rise to $120,000–125,000, especially if institutional investment continues and global risks decline.
  • Sustained interest in crypto as an asset class is confirmed by ETF flows, the expansion of DeFi, and initiatives by major investors.

Long term:

  • With a favorable macroeconomic environment and an improved global regulatory environment, Bitcoin could reach $150,000+ within 12 months.

https://www.fixygen.ua/news/20250617/oglyad-kriptovalyutnogo-rinku-vid-fixygen-vpliv-konfliktu-izrayilyu-ta-iranu.html

 

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