Business news from Ukraine

Business news from Ukraine

New Ukrainian ambassador to Algeria appointed

Ukrainian President Volodymyr Zelenskyy has signed Decree No. 518/2025 on the appointment of Oleksandr Voronin as Ukraine’s ambassador extraordinary and plenipotentiary to the People’s Democratic Republic of Algeria.

Official diplomatic relations between Ukraine and Algeria were established in 1992. The Ukrainian Embassy in Algeria has been active since the early 2000s, developing cooperation in trade, education and energy.

Alexander Voronin has experience in the diplomatic system of Ukraine.

 

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Ukrainian embassy in Uzbekistan left without head

President of Ukraine Volodymyr Zelenskyy has dismissed Mykola Doroshenko from the post of Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Uzbekistan by decree No. 506/2025.

At the moment the decree on appointment of a new ambassador to this post has not been published. Thus, the diplomatic mission of Ukraine in Tashkent temporarily remains without a head.

Diplomatic relations between Ukraine and Uzbekistan were established in 1992.

 

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“Dneprometiz-TAS to build hot-dip galvanizing line for steel wire

Dniprometiz-TAS LLC (Dnipro) of Ukrainian businessman Serhiy Tihipko plans to build a new $4m hot-dip galvanizing line for steel wire, the company presented the project at the Ukraine Recovery Conference (URC2025) held in Rome on July 10-12.

According to the company’s information in the URC project catalog, the project involves the construction of a new hot-dip galvanizing line to improve operational efficiency and optimize energy consumption, is a diversification of production of highly profitable products through the manufacture of high-quality fine (0.7-1.6 mm) and medium-diameter (1.8-5.0 mm) wire, including low-carbon, medium- and high-carbon steel grades.

The capacity of the plant is 24 thousand tons per year. New energy-saving equipment is used for the furnace and zinc bath. The project’s strengths include lower production costs, improved space efficiency, increased production capacity, and strategic investment in the cable industry.

The target market is European, North American, Middle Eastern.

The project is 100% ready for realization: pre-project planning has been completed, infrastructure has been developed (workshop, power plant and other facilities), detailed technical, production and market analyses have been performed, there is production of semi-finished wire products.

The project will result in a change in product mix from relatively low-margin fencing wires to high-margin products for the cable industry. The model focuses on efficiency by phasing out old lines with the goal of reaching an annual production capacity of 24,000 tons with an average diameter of 1.6 mm.

The total project budget is $4 million, with $2 million to be raised. Expected financials: net present value (NPV) of $1.5 million, revenue in 2030 of $1.4 million, EBITDA in 2030 of $0.9 million.

The project startup period is three years.

Through 2025, it will invest $0.1 million in concept development, require $1.5 million in design funding this year, $2 million in 2026 and $0.4 million in 2027 for construction. In 2027 is the start of operations.

 

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National Bank has obliged Euroins Ukraine to eliminate certain violations

The National Bank of Ukraine (NBU) has applied to PJSC IC “Euroins Ukraine” a measure of influence in the form of a written warning for violation of certain requirements of legislation and regulatory documents, the NBU website reports.

Such a decision was made by the Committee for Supervision and Regulation of Non-Banking Financial Services Markets on July 21, 2025, based on the results of a scheduled inspection conducted by the Inspection Department of the NBU.

During the inspection was revealed, in particular, the violation of certain requirements established by the law “On Insurance”, the provisions of the NBU on the secrecy of insurance, on the peculiarities of the conclusion of insurance contracts with consumers, on the authorization of financial service providers and the conditions of their activities in the provision of financial services.

The information emphasizes that IC “Euroins Ukraine” is obliged to eliminate violations until September 22, 2025.

IC “Euroins Ukraine” is a universal insurance company. It has been working in the Ukrainian market since 1992. It is a part of Bulgarian insurance group Euroins, one of the largest independent insurance groups in the countries of Central, Eastern and South-Eastern Europe.

 

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Uzbekistan and China step up container transportation

UzTemiRContainer, part of Uzbekistan Temir Yulary, held talks with a number of Asian logistics operators on the development of the China-Kyrgyzstan-Uzbekistan-Afghanistan multimodal corridor on the sidelines of the Investment and Trade Fair in Lanzhou, China.

The meeting was held in a quadrilateral format with the participation of Gansu International Logistics Group, the Afghan diplomatic mission in China, and Xinjiang Union of International Railway Logistics.

The key topics were the launch of return container shipments from Afghanistan and Uzbekistan to China, increasing the route’s capacity, and developing logistics infrastructure in Central Asia, including the construction of terminals in Uzbekistan and Kyrgyzstan.

On the sidelines of the forum, a separate bilateral meeting between representatives of Uztemiryulcontainer and Gansu International Logistics Group took place, during which the parties visited the facilities of the international dry port in Lanzhou.

They inspected container and bulk terminals, car handling areas, and a refrigeration complex for working with refrigerated containers. The delegation from Uzbekistan also familiarized itself with Gansu’s digital solutions in the field of logistics management.

Following the talks, the companies announced the launch of a pilot container route between China, Kyrgyzstan, Uzbekistan, and Tajikistan/Turkmenistan. The first train is scheduled to depart in the third quarter of 2025.

The parties confirmed their intentions to expand cooperation in the field of multimodal transport and expressed their readiness to increase the volume of container transport in the Eurasian direction by at least 1.5 times by 2030.

Source

 

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TAS will insure Ukrenergo employees under voluntary medical insurance for UAH 85.2 million

On July 21, PJSC National Energy Company (NEC) Ukrenergo announced its intention to conclude a voluntary medical insurance agreement for its employees with the TAS insurance group (Kyiv). According to the Prozorro electronic public procurement system, SG TAS offered UAH 85.159 million against the expected cost of services of UAH 88.013 million. Another tender participant, SK VUSO, offered UAH 87.967 million.

As reported, the winner of a similar tender a year ago was also SG TAS, which offered UAH 58.793 million against almost the same expected cost.

Ukrenergo operates trunk and interstate power transmission lines and provides centralized dispatching of the country’s unified energy system. NEC is a state-owned enterprise under the authority of the Ministry of Energy and Coal Industry of Ukraine.

 

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