The number of insurance companies in Ukraine in October 2025 decreased by one. At the end of the month, 49 risk insurers and 10 life insurance companies, as well as the Export Credit Agency with special status were operating in the market, according to the website of the National Bank of Ukraine.
According to the NBU, the number of insurance and/or reinsurance brokers has not changed – 45. In October, the regulator received 55 inquiries regarding registration and licensing actions of insurers.
In general, the number of non-banking financial market participants for the month decreased to 787 from 791. In the non-banking market, there were 417 financial companies (there were 418), 102 pawnshops (there were 104), 88 credit unions, one lessor and 74 collection companies. The number of non-banking financial groups increased by one – to 42, banking groups unchanged – 16.
The number of banks in Ukraine in October 2025 has not changed and is 60, according to the website of the National Bank of Ukraine.
According to the regulator, the number of banking groups is also unchanged – 16. 15 payment systems created by residents, including state-owned ones, and 10 international payment systems continue to operate in the payment market.
Among payment service providers there are 16 payment institutions (17 a month earlier), 12 financial institutions authorized to provide payment services, one bank – issuer of electronic money, and one postal operator. Other payment market entities include 49 commercial agents and 32 technological payment service providers.
In October, the NBU received 243 requests for registration and licensing actions, including 41 requests for banks, 131 requests for financial companies, pawnshops and lessors, 55 requests for insurers, 14 requests for credit unions and collection companies, and 2 requests for payment institutions.
As of the first ten days of November 2025, 26 sugar factories belonging to the National Association of Sugar Producers of Ukraine produced 880,000 tons of sugar, which is 100,000 tons (10.2%) less than on the same date in 2924, Ukrtsukor reported on Telegram.
The industry association noted that the current sugar yield is 14.81% (last season — 14.09%). This is due, in particular, to the higher sugar content of beets upon acceptance — 17.39%, which is 0.62% higher than in 2024.
Among the regions, Vinnytsia region remains the leader in production, with six factories already producing 196,000 tons of sugar.
On November 18-20, 2025, one of the leading European exhibitions of electrical, energy and industrial automation – Matelec 2025 – will be held in Madrid (Spain).
This year, Kyiv will present the Made in Kyiv collective stand organized by the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration.
The 36 m² stand will feature 10 Kyiv-based companies demonstrating the capital’s potential in the field of high technology, automation, energy and innovative production:
LLC “Company VERSIA”
ELVATEH LLC
LLC “SPF INIT”
Sensor Systems of Ukraine LLC
PJSC “Ukrainian Technological Company”
PJSC “Promzvjazok”
Inteltek Ukraine LLC (ITW Systems)
Spinor International LLC
NIK-Electronics LLC
STC Energosvyaz LLC.
Participation is free of charge for the companies. The project is implemented within the framework of the City Target Program for Promoting the Development of Industry, Entrepreneurship and the Consumer Market of Kyiv for 2024-2025.
On the second day of the exhibition, November 19, Matelec 2025 will host a Business Forum of Ukrainian-Spanish cooperation and a presentation of the export potential of Kyiv. The event will be attended by representatives of local authorities, businesses and industrial associations from both countries. The program of the forum includes presentations from both sides, B2B meetings and discussions of partnership opportunities in the energy, electronics and smart solutions sectors.
“The city of Kyiv systematically supports entrepreneurs and helps them enter international markets. Our goal is to strengthen Kyiv’s position as a strong European brand of production, innovation and business cooperation,” said Volodymyr Kostikov, Director of the Department of Industry and Entrepreneurship Development at the Kyiv City State Administration, .
Ukrainian bakery chain Lviv Croissants is entering the Norwegian market, according to the chain’s Instagram page.
It is specified that the first outlet will open in Oslo (Arbeidersamfunnets Plass, 1) on November 16, 2025.
According to the company’s website, the brand entered the European market in September 2022.
Currently, the chain has 178 outlets throughout Ukraine, 11 in Poland, and one each in Slovakia and the Czech Republic. In April 2025, the Lviv Croissants chain opened its first establishment in South Korea. Korean franchisees invested about $250,000 in the bakery, and the total investment in the opening was about $500,000.
Sales of new buses (excluding minibuses) in Ukraine in January-September this year increased by 20% compared to the same period in 2024, reaching 613 units, of which 91% were small buses, according to Mykyta Haidamaha, head of the Temsa project at Auto-Region.
“2025 was a year of quiet but important changes for the Ukrainian bus market. After two years of uncertainty and declining purchases by the private sector, the market is gradually recovering – not thanks to large contracts or foreign investment, but through local decisions, municipal tenders, and transport renewal programs for communities,” he told Interfax-Ukraine.
He emphasized that school, municipal, and suburban transportation account for most of the demand and keep the market afloat, whereas five years ago, private carriers and travel companies were the main players.
In addition, businesses and private and state-owned enterprises use buses to transport personnel.
According to data provided by Haidamaha, domestic manufacturers were the leaders in the bus segment in January-September: Ataman from the Cherkasy Bus factory with 244 units, followed by ZAZ buses manufactured by the Zaporizhzhia Automobile Plant with 136 units, and in third place were Etalon buses manufactured by the Chernihiv Automobile Plant, with 120 units.
“This demand is facilitated by the school vehicle fleet renewal program, which continues even in wartime,” the expert noted.
At the same time, he noted unexpectedly active dynamics in the sales of large-class buses: in the first nine months of 2025, sales increased 2.7 times – to 37 units, or 6% of the market.
“Isuzu Citiport (20 units), Iveco Urbanway (5), and Troliga Pegasus (6) are reappearing on the roads, mostly in cities that are gradually upgrading their public transport,” said Haidamaka.
He added that the process is not yet large-scale, but it is indicative: city authorities are beginning to think of large buses not as a “luxury” but as an element of infrastructure. Technical requirements are also gradually changing—today, Euro6 diesel engines predominate, but electric solutions are being tested in parallel.
Another interesting factor, according to him, is passenger capacity: while the 16-25 seat segment remains the largest (68%), the 26-29 seat segment has become the most dynamic: its share has grown from 20% (25 units) in September 2024 to 35.8% (39 units) in September this year.
“Such buses are more convenient for suburban routes — more passengers without additional fuel costs, and carriers are looking for the right balance,” says Haidamaha.
Speaking about the presence of Turkish manufacturer Temsa’s buses on the market, he noted that seven buses of this brand were registered in Ukraine in nine months, compared to 15 last year, but the trend towards purchasing models with Euro6 engines continues, so there is a possibility that demand will grow.
Haidamaha also provided statistics on bus registrations by region – the most active is the Sumy region (65 units), followed by Kyiv (63), Lviv (53), and Mykolaiv (41) regions.
At the same time, the highest growth in registrations was in Rivne region (6.6 times), Ternopil region (5.5 times), Sumy region (2.8 times), and Lviv region (+71%).
“These are the regions where communities are most active in attracting state programs and grant funds. The capital, on the other hand, is the focus of imported supplies — more than 60% of Kyiv’s buses are of foreign origin,” he stressed.
Touching on the topic of electric buses, Haidamaka noted that only two electric buses were registered in the first nine months of 2025.
“They are already operating on routes. Ukrainian cities are only just forming the infrastructure for charging, and it is these isolated registrations that show the direction of movement towards the Green Deal,” Haidamaka believes.
In his opinion, 2026 will be a year of contrasts: school buses will remain a stable source of domestic demand, while city operators will gradually begin to transition to new environmentally friendly solutions — Euro6, hybrids, and electric.
