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.
Ukrainian President Volodymyr Zelensky has appointed Serhiy Nizhinsky as Ukraine’s Ambassador Extraordinary and Plenipotentiary to the Republic of Cyprus. The relevant decree No. 511/2025 has been published on the website of the head of state.
Prior to his appointment to Nicosia, Nizhinsky held a number of positions in the executive branch and diplomatic service. He has experience working in the Ministry of Foreign Affairs, including in positions related to human rights, European integration, and international humanitarian cooperation. In 2020–2021, he also served as Deputy Minister of Social Policy of Ukraine.
Nizhinsky replaced Ruslan Nymchynsky, who previously represented Ukraine as ambassador to Cyprus.
Diplomatic relations between Ukraine and Cyprus were established on February 19, 1992.
The Ukrainian Embassy in Nicosia has been operating since 1999.
Ukrainian President Volodymyr Zelensky has signed Decree No. 521/2025 appointing Volodymyr Boiechko as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Estonia.
Boiechko replaced Maksym Kononenko, who was dismissed by decree No. 509/2025. Prior to this appointment, Boiechko worked in the central office of the Ministry of Foreign Affairs and had experience in diplomatic service in EU countries and international organizations.
He specializes in European integration, regional security, and bilateral diplomacy. Ukraine and Estonia established diplomatic relations on January 4, 1992, after Estonia recognized Ukraine’s independence on August 26, 1991.
The Embassy of Ukraine in Tallinn was officially opened in 1992. Since then, the two countries have maintained active political, economic, and cultural ties. Estonia is one of Ukraine’s most consistent supporters in the EU and NATO, providing comprehensive assistance, including humanitarian, military, and digital aid.
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.
Decree No. 532/2025 appointed Yulia Sokolovska as Ambassador Extraordinary and Plenipotentiary of Ukraine to Spain and Permanent Representative to the World Tourism Organization.
Sokolovska is a former Minister of Social Policy of Ukraine, head of the Ukrainian Defense Industry, and a specialist in the development of the tourism industry. Diplomatic relations with Spain were established in 1992.
The President has signed Decree No. 528/2025, appointing Sergiy Pogoreltsev Ambassador Extraordinary and Plenipotentiary of Ukraine to Mexico (including accreditation in Panama, Belize, Guatemala and Costa Rica).
Pogoreltsev is a career diplomat who has represented Ukraine in Spain, Andorra and the World Tourism Organization since 2020. Diplomatic relations between Ukraine and Mexico were established in 1992.
