Business news from Ukraine

Business news from Ukraine

Cost of Greenland for America could be record $700 billion

The potential cost of a hypothetical deal on the purchase of Greenland by the United States could be up to $700 billion, a number of media outlets reported, citing NBC News. The publications claim that the assessment was prepared by experts and former U.S. officials, and U.S. Secretary of State Marco Rubio was allegedly tasked to draft a proposal for the purchase of the island in the coming weeks.

At the same time, it is emphasized that this is not an official price position of the US government, but a calculation within the framework of discussions around the initiative of President Donald Trump. According to NBC News’ retelling of the story, the $700 billion amount is comparable to more than half of the Pentagon’s annual budget, illustrating the scale of the financial and political hurdles to any such “deal.”

The reaction from Copenhagen and Nuuk remains negative. Denmark and Greenland authorities have publicly stated that the island is not for sale and that the issue of the autonomous territory’s status is related to sovereignty and the right to self-determination. Reuters reported this week that after a meeting in Washington between Rubio and U.S. Vice President J.D. Vance, the Danish and Greenlandic sides, while not changing their “no-sale” position, agreed to set up a working group to discuss a wide range of issues related to security and cooperation around the island.

The new $700 billion estimate falls in line with a number of previous, highly divergent “paper” estimates that have appeared in recent years. For example, The Washington Post in 2019 within the hypothetical valuation called a very wide range of possible price – from hundreds of millions of dollars to $1.7 trillion.

U.S. interest in Greenland is usually explained by a combination of security and resource factors. The island occupies a key position in the Arctic and North Atlantic, and is also seen as a potentially significant territory in terms of access to minerals and strategic infrastructure.

At the same time, even if there is political will in Washington, the “purchase” scenario is constrained by basic legal and political limitations: Greenland is an autonomous territory within the Kingdom of Denmark, and its status and future, according to the position of local and Danish authorities, cannot be subject to external “bargaining”. Against this background, analysts call the most realistic continuation of the plot not a change of sovereignty, but bargaining around increased U.S. cooperation with Denmark and Greenland – on defense, infrastructure and investment – without formally changing the island’s status.

 

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OTP BANK allocated almost UAH 67 million for charitable initiatives in 2025

In 2025, JSC OTP BANK made charitable transfers for almost UAH 67 million. The bank systematically interacts with charitable organizations that implement socially significant programs and help Ukrainians, as well as implements important initiatives within its own OTP Bank Helps Ukraine project.

“The purpose of OTP Bank’s charitable activities is to create a real and tangible impact on the lives of as many people as possible. We are talking about helping children, supporting the healthcare sector, and providing Ukrainian defenders with life-saving elements. We deliberately combine large-scale programs that we consistently implement year after year with targeted initiatives that respond to specific human needs. It is important that every hryvnia allocated to charity works to support, restore and ensure a decent future for citizens today and in the long term,” said Lesia Syrota, team leader of the OTP Bank Helps Ukraine charity project, Director of Retail Sales and Network Management at OTP Bank.

Among the priority long-term projects for OTP BANK is the support of the Superhumans Center, where more than 1.5 thousand patients have received help since April 2023, more than 1.3 thousand prostheses have been made and more than 1 thousand operations have been performed. In December 2025, the financial institution launched a Christmas charity auction. The bank will double the funds raised and use them for the treatment and rehabilitation of Ukrainians who were injured or lost limbs in the war. In total, during the period of cooperation, the prosthetics and rehabilitation center has received more than UAH 40 million of charitable support from OTP BANK.

Another program that has become a sustainable tradition is OTP Kids Camp, which OTP Bank organizes jointly with the Charity Foundation Blagomay, OTP Bank in Hungary and JSC Ukrzaliznytsia to give Ukrainian children the opportunity to relax and recover. The first camp took place in Hungary in 2023 and treated 150 children from the frontline regions. In 2024, 117 children had a summer camp in Budapest. This year, 160 children attended the OTP Kids Camp in the summer, and in the fall, the camp opened its doors to 40 more Ukrainian children for the first time.

The OTP Bank Helps Ukraine community also consistently implements theFirst Embroidered Shirtsinitiative. In two years, 854 children received their first ever embroidered shirt on the occasion of the Vyshyvanka Day.

OTP BANK actively and systematically supports DrukArmy: the bank’s employees purchased 16 3D printers, which are used to print training models and equipment for the defenders. Every month, the team donates for plastic and periodically holds charity events, involving customers in raising funds for raw materials. The total amount of donations has already exceeded UAH 16 million.

Together with the Serhiy Prytula Charitable Foundation, the financial institution held a charity auction “Free Sky at 34” in the OTP Bank UA mobile application. The UAH 1.85 million raised was used to strengthen Ukraine’s defense capabilities.

Thanks to the benefactors of the OTP Bank Helps Ukraine program, UAH 250 thousand was allocated for repairs in the dormitory of the Udaytsia Educational and Rehabilitation Center, where 65 children live. On the eve of the New Year holidays, OTP BANK employees became assistants of St. Nicholas and made the dreams of the children of this institution and Chernihiv Center for Social and Psychological Rehabilitation come true. Warm clothes, shoes, rugs, pillows, power banks, construction sets, dolls, headphones, sweets and other gifts worth more than UAH 750 thousand were purchased by the bank’s employees at their own expense and delivered to the children. The bank’s team also provided sweet gifts for the Christmas and New Year holidays to the residents of the Nizhyn orphanage (Chernihiv region), and the institution itself received the necessary hygiene products that its children need on a daily basis. The total cost of the charity initiative was UAH 204 thousand.

That year, within the framework of OTP Bank Helps Ukraine, the bank raised and allocated UAH 250 thousand for medical equipment for the Rehabilitation and Palliative Care Center at the Vinnytsia Regional Specialized Children’s Home, UAH 156 thousand for the equipment of a sports hall. UAH 156 thousand to equip a sports ground in the orphanage in Stryzhavka (Vinnytsia region); UAH 143 thousand to install new windows in the medical center of Mostyshche special school (Kyiv region); UAH 84 thousand to improve the living conditions of the pupils of the educational and rehabilitation center “Nadiya” (Cherkasy region). All charitable initiatives can be found at the link.

OTP Leasing LLC, a member of OTP Group in Ukraine, donated more than UAH 5.9 million to charity in 2025.

Since February 2022, the total contribution of OTP Group in Ukraine to help the state and Ukrainians has exceeded UAH 282 million.

 

 

Global smartphone shipments increase to 1.26 billion units by end of 2025

Smartphone shipments in the world by the end of 2025 increased by 1.9% to 1.26 billion units, according to preliminary calculations of International Data Corporation (IDC).

Including the October-December period, they grew by 2.3% relative to the same period in 2024 to reach 336.3 million units.

“Despite the memory chip shortage crisis, the market was supported in the fourth quarter by solid growth in premium device sales, strong momentum in foldable smartphones, and an uptick in demand from consumers in anticipation of price increases,” IDC said in a statement.

“Despite a challenging year marked by volatile import duties, supply chain disruptions, and persistent macroeconomic challenges in several regions, the global smartphone market showed remarkable resilience, ending 2025 with robust growth of 1.9%,” said IDC Senior Research Director Nabila Popal.

“The main growth drivers were premium manufacturers Apple Inc. and Samsung, which posted the highest growth rates among the top five, at 6.3 percent and 7.9 percent, respectively.” Apple maintained its leadership for the third consecutive year with record shipments and a strong recovery in China, fueled by the success of the iPhone 17 series,” Popal noted.

“Notably, the combined share of Apple and Samsung grew by two percentage points to 39% from 37% in the previous year, underscoring the accelerating trend towards premiumization as consumers increasingly gravitate towards higher-end devices,” the expert added.

 

NSSMC has reduced number of committees

The National Securities and Stock Market Commission (NSSMC) has reduced the number of its committees from 12 to 10 and clarified the areas of responsibility of the Commission members, whose number has been reduced from six to five. In particular, by merging the committees on issuer functioning and corporate governance and on the development and implementation of derivative contracts, a committee on corporate governance functioning, development, and implementation of financial instruments has been created, which will be headed by Commission member Maxim Libanov.

As part of the review of the structure, the NCCFM also merged the trading and post-trading areas of the capital market infrastructure into a single committee, headed by commission member Irakli Baramia.

It has been decided that the committee on the functioning of joint investment and accumulative pension institutions will be headed by commission member Arsen Ilyin.

Commission member Yuriy Shapoval continues to head three committees: on law enforcement, information technology and cybersecurity, and financial monitoring and control of financial reporting.

According to the regulator, the changes should optimize the Commission’s activities, reduce duplication of functions between committees, and improve decision-making efficiency by ensuring a more systematic approach to the development and regulation of capital markets.

As reported, on December 31, 2025, Ukrainian President Volodymyr Zelensky dismissed Ruslan Magomedov from the post of head of the NSSMC and appointed Oleksiy Semenyuk to this position, who took office on January 6, 2026.

Then, on January 5, the head of state dismissed two more members of the Commission, Yuriy Boyko and Yaroslav Shlyakhov, who headed four committees: on the functioning of joint investment and funded pension institutions, the development and implementation of derivative contracts, the functioning of the trading infrastructure of capital markets, and the functioning of issuers and corporate governance.

The NSSMC, as a collegial body, consists of a chairperson and seven members (six members until the adoption of a new law in February 2025), who are appointed by the President of Ukraine for a term of six years and dismissed from office in accordance with his decrees.

A meeting of the Commission as a collegial body is considered valid if at least five of its total members are present, so the dismissal of any other member of the NSSMC will result in a temporary loss of quorum.

In addition, from January 1, 2026, a provision of the new law will come into force, according to which candidates must pass a selection committee before being nominated for appointment as a member of the Commission, which may increase the time required for this personnel decision.

 

“Zaporizhiyoblenergo” announces tender for motor transport insurance under MTPL insurance policy

PJSC “Zaporozhyeoblenergo” on January 13 announced a tender for compulsory insurance of civil liability of owners of land vehicles (OSAGO), as reported in the system of electronic public procurement Prozorro.

The expected cost of services is UAH 1.713 mln.

Documents for participation in the tender are accepted until January 21.

“Zaporozhyeoblenergo” operates electricity distribution networks in the territory of Zaporizhzhya region and provides services on transportation and supply of electricity to consumers. The length of overhead power lines is more than 37 thousand kilometers.

 

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China to supply Serbia with wind turbines worth half billion euros

Chinese state-owned company Dongfang Wind Power has signed a contract worth 495 million euros within the framework of the Belt and Road Initiative to supply 48 wind turbines for a 300 MW wind power project in Serbia, Serbian Economist reports, citing the Chinese industry portal Seetao.

According to the sources, Dongfang has conducted detailed site studies and optimized the turbine design taking into account Serbian standards, climatic conditions and power grid parameters. The investor and contractor of the project is China Power Construction Group (PowerChina).

The project, which has been linked in publications to the Vetrozelena wind power plant in the Pancevo region (Vojvodina), involves the installation of turbines with a unit capacity of about 6.25 MW. The expected generation is estimated at about 750-774 million kWh per year.

Vetrozelena is the largest wind power plant under construction in Serbia, with Čibuk 1 with a capacity of 158 MW being the largest operating wind power facility in the country.

https://t.me/relocationrs/2099

 

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