Business news from Ukraine

Business news from Ukraine

Ukraine’s IT sector generates average of $543 million monthly

The IT sector brought $5.97 billion to the state treasury in 11 months of 2025, according to the National Bank of Ukraine. The amount increased slightly over the year, by just over 2%.

Ukraine has earned $5.97 billion from the export of IT services for the first half of 2025. This is 2.4% more than in the same period in 2024. However, it is impossible to say that IT is in its heyday: it is still 3% less than in 2021 and almost 10% less than in the peak year of 2022.

It is worth noting that monthly exports of IT services bring in an average of $543 million. For comparison, the average monthly figure was $612 million in 2022.

Currently, IT services account for 42% of all service exports. Compared to the country’s total exports (both goods and services), IT accounts for 12% of the total.

At the same time, exports of services decreased by 9% to $14.33 billion over the year. Total exports of goods and services also decreased by 5% to $49.21 billion.

https://opendatabot.ua/analytics/it-export-25

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“VUSO” will insure car fleet of Lviv Vodokanal

On January 6, the Lviv city municipal enterprise “Lvivvodokanal” announced its intention to conclude with IC “VUSO” (Kiev) the contract of compulsory insurance of civil liability of owners of land vehicles (OSAGO).

As reported in the system of electronic procurement Prozorro, the company’s price offer amounted to UAH 1.161 million against UAH 1.796 million expected cost of purchasing services. Insurance company Kraїna with the offer of UAH 1.177 mln and SG TAS with UAH 1.4 mln also took part in the tender.

 

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NBU has presented preliminary rating of insurers of Ukraine by results of 2025

Leaders of the insurance market of Ukraine on collected premiums in January-November 2025 became insurance companies “SG ”TAS“ – UAH 7,047 billion, ”ARKS“ – UAH 5,275 billion, ”INGO“ – UAH 4,642 billion, IC ‘VUSO’ – UAH 4,639 billion, ”Arsenal Insurance” – UAH 4,458 billion.

As evidenced by the data of the project of information exchange “PRIMA” of the National Association of Insurers of Ukraine (NASU), compared to 10M2025 IC ‘Unica’, which occupied the fifth position of the leaders’ rating, has conceded this place to IC “Arsenal Insurance”.

In the market of compulsory insurance of motor civil liability at the end of 11 months, as before, were SG “TAS” – UAH 3,672 billion, “Oranta” – UAH 2,702 billion, “Knyazha VIG” – UAH -2,221 billion, ‘INGO’ – UAH 1,123 billion and “Arsenal Insurance” – UAH 1,095 billion.

Also in the cross-section of the compared periods there were no changes in the market of “Green Card”, where the top five are still “TAS” – UAH 1.150 billion, “USG” – UAH 967.4 million, ‘ROM’ – UAH 863 million, “Knyazha VIG” – UAH 351 million, “VUSO” – UAH 247.9 million.

The CASCO market, as before, is headed by IC “ARKS” – UAH 2.559 billion, “Arsenal Insurance” – UAH 2.469 billion, “VUSO” – UAH 1.202 billion, ‘Unica’ – UAH 1.143 billion and “Universalna” – UAH 1.046 billion.

The leadership in voluntary health insurance is held by the former five: IC Unica – UAH 1,839 billion, followed by IC VUSO – UAH 1,109 billion, IC Universalna – UAH 1,045 billion, IC INGO – UAH 933,4 million and SG TAS – UAH 816,5 million.

In the life insurance market, the first position is still occupied by IC “MetLife” – UAH 2.771 billion, IC ‘TAS’ – UAH 850.9 million, “Grave Life” – UAH 625.2 million, “ROM Life” – UAH 360.1 million, “Unica Life” – UAH 315 million.

As reported, as of December 1, 2025, 48 risk insurers worked in the insurance market of Ukraine, 10 specialized in life insurance, one – with a special status (“Export Credit Agency”, ECA).

 

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Trolleybuses in Nikolaev will be insured in “VUSO”

KP MGS “Nikolaevelectrotrans” on December 31 announced its intention to conclude a contract with IC “VUSO” for the purchase of services of compulsory insurance of civil liability of owners of land vehicles (trolleybuses).

According to the message in the system of electronic public procurement Prozorro, at the expected cost of purchase of services of UAH 818,5 thousand the price offer of IC “VUSO” amounted to UAH 660,1 thousand.

Insurance companies “Oranta” – UAH 790,4 th, “Arsenal Insurance” – UAH 796,9 th participated in the tender.

 

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Ukrainians – in top 10 buyers of housing in Spain

Citizens of Ukraine at the end of the third quarter of 2025 entered the top ten largest foreign buyers of real estate in Spain – they accounted for 758 sales transactions, according to the data of the Spanish Registration Service (Registrars) for Q3.

Leaders among foreign buyers were citizens of the UK (1 871 transactions), Germany (1 539) and the Netherlands (1 416). Romania (1,321) and Morocco (1,317) followed, as well as France (1,241) and Italy (1,177).

Poland (1,096) and Belgium (1,021) are also in the top 10. Ukraine ranked 10th (758), ahead of China (687) and Sweden (578).

Other countries represented in the statistics include Ireland (424 transactions), the US (405), Russia (403) and Bulgaria (251).

 

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Average fop in Ukraine has been working for 2.4 years

More than 250 thousand sole proprietorships closed in Ukraine in 11 months of 2025, according to the Unified State Register. One in eight entrepreneurs who closed last year worked in Kyiv. On average, sole proprietors live for 2.4 years. The longest-lived entrepreneurs are those engaged in warehousing activities, while the shortest-lived are couriers.

250,209 fops have closed since the beginning of 2025 in Ukraine. The peak of closures occurred in January, when, after a month and a half break in the work of the registers, 59,723 entrepreneurs immediately documented the closure.

2 years and 4 months is the average period of operation of a fop in Ukraine.

We follow the dynamics on the page about Ukrainian foponomics.

Every eighth entrepreneur who closed in 2025 worked in Kyiv: 32,469 fops. Dnipropetrovs’k region is the second most closing region: 22,645 entrepreneurs ceased their activities last year. Small businesses in Kharkiv (20,481), Odesa (18,714), and Lviv (16,521) regions closed by a small margin.

The most vulnerable last year were retailers, accounting for a third of closures (77,705). On average, such businesses have been in existence for less than 3 years. Another 16,909 sole proprietorships in the wholesale trade sector ceased operations in 2025 – such entrepreneurs barely make it through the year. Overall, the trade niche alone accounts for almost half of the closures.

By a wide margin , IT specialists were the second most frequent closures – 28,668, or every ninth entrepreneur who closed last year. By the way, IT entrepreneurs are also among the longest-lived entrepreneurs – 3 years and 11 months.

How long does the average fop live?

The longest-lived entrepreneurs in Ukraine are those engaged in warehousing, with more than 6 years of experience.

Real estate entrepreneurs have been operating for 5 years and 11 months. Businesses in the field of equipment repair, in particular, household appliances, round out the top three: 5 years and 9 months.

But courier firms are the least resilient – only 6 months, on average, have been worked by entrepreneurs who closed in this area last year. FOPs in the field of administrative and auxiliary office activities survive for 9 months.

Entrepreneurs in the aforementioned wholesale trade and educators have been operating for just over a year.

https://opendatabot.ua/analytics/fops-midage-2025

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