Business news from Ukraine

Business news from Ukraine

Inflation in Romania in 2025: trends, challenges and prospects

Experts Club Information and Analytical Center has analyzed the inflation rate and its trends in Romania in recent years. Inflation in Romania in 2025 continues to show a moderate decline, while remaining above the National Bank’s target level. According to the National Institute of Statistics, in March 2025, annual inflation amounted to 4.86%, down from 5.02% in February.
Main components of inflation in March 2025.
Food products: price increase by 5.10%
Non-food products: increase by 3.84%
Services: up 6.99%
The greatest pressure on the overall price level is exerted by services, especially health care, education and utilities.
Historical inflation dynamics
To understand current trends, let’s look at the inflation rate in Romania in recent years.
2021: 5.05%
2022: 13.80%
2023: 10.40%
2024: 5.60%
These data show a significant increase in inflation in 2022, driven by global economic turmoil, and a gradual decline thereafter.
According to the European Commission’s forecasts, inflation in Romania is expected to continue to decline, reaching 3.4% by the end of 2025. However, risks related to fiscal policy and possible changes in tax legislation remain.
Romania’s central bank is taking a cautious approach, aiming to reduce inflation without damaging economic growth. With upcoming elections and increased public spending, the scope for further interest rate cuts is limited.

 

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VDNH made record profit in 2024

The National Complex “Expocenter of Ukraine” (VDNKh, Kyiv) received UAH 42 million in operating profit in 2024, gross income amounted to UAH 217 million, its press service reported the results of the audit.

“VDNG has successfully passed an independent audit for 2024. Operating activities: gross revenue – UAH 217 million (a 10-fold increase compared to 2015); operating profit – UAH 42 million (a 10-fold increase compared to 2015 and a twofold increase compared to 2023). Taxes to the state and local budgets amounted to UAH 35 million. This is a record figure for the entire period of the Expocenter’s existence,” the company said in a Facebook post.

According to the information, the number of employees remained unchanged and amounted to 148 people.
In addition, last year, 5.1 thousand square meters of roads and squares were repaired on the territory of the Expocenter, lighting was updated, four ramps were installed, and other infrastructure projects were implemented.

It is noted that this year, work continues on the implementation of the barrier-free greenhouse, as well as the conceptualization and design of the VDNH Food Plaza.
As reported, in 2024, the Expocenter received 4.5 million visitors, which is 10% higher than in 2023.

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In 2024, IC “Persha” collected more than UAH 1.1 bln in premiums

Last year, PJSC “Insurance Company ‘Persha’ (Kyiv) collected UAH 1.123 billion in gross premiums, which is 35.62% more than in 2023, according to the rating agency ‘Standard Rating’ in information on the confirmation of the credit rating/financial strength rating of the IC at the level of ‘uaAA’ on the national scale based on the results of activities for 2024.

It is also reported that revenues from individuals increased by 2.32% to UAH 417.581 million, while revenues from reinsurers, on the contrary, decreased by 30.54% to UAH 2.404 million. Thus, at the end of 2024, the share of individuals in the insurer’s gross premiums amounted to 37.19%, i.e. legal entities prevailed in the company’s client portfolio.

Insurance payments sent to reinsurers in 2024 increased by 4.38% to UAH 78.338 million compared to 2023, while the reinsurer participation ratio in insurance premiums decreased by 2.09 percentage points (p.p.) to 9.68%.
According to the RA, the insurer’s net written premiums increased by 38.73% to UAH 1.044 billion, and net earned premiums – by 39.56% to UAH 1.047 billion.

In 2024, Perva Insurance paid out UAH 452.743 million in insurance claims and indemnities to its clients, which is 55.09% higher than the volume of payments in 2023. Thus, the level of payments increased by 5.07 percentage points to 40.33%.
According to the results of 2024, the company’s operating profit increased to UAH 30.607 million, net profit – to UAH 36.279 million, return on equity amounted to 14.42%.

As of January 1, 2025, the insurer’s assets increased by 18.51% to UAH 1.099 billion, equity showed an increase of 33.64% and amounted to UAH 251.522 million, liabilities increased by 14.66% to UAH 847.291 million, cash and cash equivalents – by 2.54% to UAH 228.930 million.

At the same time, the RA notes that as of January 1, 2025, IC “Persha” formed a portfolio of current financial investments in bank deposits in the amount of UAH 16.625 million, which, together with cash and cash equivalents, covered 28.98% of its liabilities.
Thus, as of the beginning of 2025, the insurer had satisfactory levels of capitalization (29.69%) and the ratio between liquid assets and liabilities (28.98%).

“Persha” Insurance Company has been operating in the Ukrainian insurance market since 2001. The company’s main specialization is motor insurance. IC “Persha” is a member of MTIBU, the League of Insurance Organizations of Ukraine, and the National Insurer of International Road Transport Carnet (TIR).

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.12.2024 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 31.12.2024 un data

Source: Open4Business.com.ua

Belgium to provide €150 mln for Ukraine’s reconstruction through BE-Relieve Ukraine project

A large-scale international technical assistance project, the Belgian Initiative for the Recovery of Ukraine (BE-Relieve Ukraine), implemented by the Belgian government through the development agency Enabel, has officially started in Ukraine, the press service of the Ministry of Community and Territorial Development reports.

“BE-Relieve Ukraine is not just about technical assistance. It is a project aimed at a partnership between Ukraine and Belgium in the reconstruction of our country. The main principle of our cooperation is “To rebuild better than before.” BE-Relieve Ukraine will last until the end of 2028. During this time, Ukraine will receive €150 million from the Belgian Government to restore and maintain critical infrastructure, prepare for winter, and create an inclusive environment,” said Kostyantyn Kovalchuk, Deputy Minister of Communities and Territories Development.

The main areas of the project are the modernization of energy infrastructure, reconstruction of medical facilities, renovation of school and vocational education infrastructure, as well as promoting reforms and strengthening ties with Belgian partners.

Priority activities include the transfer of 212 generators for educational institutions, mobile boilers for hospitals and utilities, and the repair of medical infrastructure.

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Industrial production in Serbia in early 2025 slowed down after years of growth

Experts Club Information and Analytical Center has analyzed the dynamics of industrial production in Serbia and its growth trends in Serbia in recent years. At the beginning of 2025, industrial production in Serbia shows a slowdown in growth compared to the previous year. According to Trading Economics, in January 2025, industrial production increased by 0.4% in annualized terms, but in February it recorded a decrease of 1.8% compared to the same period in 2024.

In 2024, industrial production in Serbia showed positive dynamics. In December 2024, growth amounted to 2.7% in annual terms, which was the result of a 9.9% increase in production in the extractive industry and a 5.6% increase in manufacturing.

In order to understand the current trends, let us look at the changes in industrial production in Serbia in recent years, based on the analysis of data collected by the Experts Club for the period from 2000 to 2024.

2000: growth by 10.2%
2001: growth by 1.5%
2002: growth by 1.7%
2003: 3.5% growth
2004: 7.1% growth
2005: 0.8% growth
2006: 4.7% growth
2007: 4.9% growth
2008: increase of 1.1%
2009: decrease of 12.1%
2010: increase of 2.5%
2011: increase of 2.1%
2012: decrease of 1.5%
2013: increase of 5.5%
2014: decrease of 6.5%
2015: increase of 8.3%
2016: growth of 4.7%
2017: increase of 3.9%
2018: growth of 1.3%
2019: increase of 0.3%
2020: decrease of 1.0%
2021: increase of 6.0%
2022: increase of 1.9%
2023: increase of 5.8%
2024: 3.1% growth

The data reflect fluctuations in Serbia’s industrial production over the last 25 years, with periods of both growth and decline. For the last 4 years, industrial production in Serbia has been growing steadily.

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