Business news from Ukraine

Business news from Ukraine

“ROM Ukraine” for 9M. 2025 has significantly increased premiums collection

The insurance company PJSC IC “ROM Ukraine” (Kyiv) in January-September 2025 has attracted UAH 2,376 billion of premiums, which is UAH 731 million or 44,4% more compared to the corresponding period of 2024, according to the press-release of the company.

The largest increase in payments at the end of the reporting period was recorded in the segment of compulsory insurance of civil liability of owners of land vehicles (MTPL) – by 71%, up to UAH 788 million, or 33% of the total volume, CASCO – by 29%, up to UAH 398 million, or 17% of the total volume.

The company has attracted UAH 659 mln of insurance premiums under “Green Card” policies in the nine months of 2025, which is 28% of the total volume of receipts of the insurer, and by 60% exceeds the corresponding indicator of the same period of 2024.

The share of health insurance in the company’s portfolio amounted to 10%, under contracts of which in the specified period IC has collected UAH 229 mln of payments (+46%).

The volume of receipts of IC ROM Ukraine under other insurance contracts following the results of the nine months of 2025 has amounted to UAH 301 mln.

Private JSC IC ROM Ukraine has been working in the market of Ukraine since 1993. It is supported by one of the largest insurance groups of Central and Eastern Europe – PZU Group (which includes the parent company of PJSC IC ROM Ukraine – PZU S.A.).

 

Serbian Parliament Speaker Brnabić arrives in Ukraine

According to Serbian Economist, Serbian National Assembly President Ana Brnabić is visiting Ukraine on November 10. The program includes meetings in the Verkhovna Rada and talks with Ukraine’s top leadership, according to the Serbian Parliament’s press service.

During her visit, Brnabić stated that Serbia supports Ukraine on its European path and is ready to share its experience of parliamentary and technical integration with the EU. Verkhovna Rada Chairman Ruslan Stefanchuk expressed his gratitude for interparliamentary cooperation and support.

The heads of the parliaments have been in contact since the summer of 2025 — in August, the parties agreed on positions on the international agenda and interparliamentary cooperation.

Source: https://t.me/relocationrs/1720

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IMK Agricultural Holding supplies 20% of its products to EU and is preparing for Ukraine’s accession to European Union

IMK Agricultural Holding supplies about 20% of agricultural products to the European Union market during 2022-2024 and 2025 and therefore depends on the European market and insights that it applies in practice, despite constant shelling and losses due to the war, said its CEO Oleksandr Verzhikhovsky.

“If we talk about the export of our products and take a look at 2022-2023-2024 and the current 2025, then about 20% of our exports went to the European market. These were mainly wheat and corn. We export 600,000 tons annually, and about 20% of that traditionally goes to the European market,” he said at a conference during the Agritechnika-2025 exhibition in Hanover, Germany.

Verzhikhovsky added that at the same time, there is a clear downward trend in the share of products supplied to the European market.

At the same time, he acknowledged that IMC depends on imports from the EU for all components of its agribusiness: fertilizers, plant protection products, and equipment.

“In fact, we are preparing to join the European community — in fact, for us, there is no alternative. We are preparing within the framework of the Smart Green Strategy, approved for 10 years until 2033. It is aimed at preparing for the high environmental standards dictated by the European market,” said the CEO of the agricultural holding.

The agroholding’s Smart Green Strategy aims to make agribusiness more environmentally friendly, which is an additional bonus to increasing efficiency. As an example, he cited the abandonment of plowing in the Poltava region due to the need to preserve moisture in the soil and reduce the carbon footprint.

Verzhikhovsky added that it is difficult to talk about further prospects at the moment due to the military actions in the regions where IMC operates.

According to him, it is extremely difficult to work due to constant power outages caused by Russian shelling of the Ukrainian power grid. IMC was forced to suspend grain drying due to a fire in the dryer after the shelling. In addition, a few weeks ago, as a result of a drone attack, the agricultural holding lost 200 cubic meters of diesel fuel at its enterprise in the Chernihiv region.

“Of course, we are moving forward with the Smart Green Strategy to implement the ‘green agenda’, but in between problems and the need to solve more urgent and routine issues imposed on us by the situation in which Ukraine lives and works,” summarized the SEO of IMC.

As reported, Alex Lissitsa, advisor to the directors of the agricultural holding, said that IMC will not launch new investment projects in 2026, but will allocate about $25 million to upgrade its equipment.

IMK Agroholding is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the segments of crop production, elevators, and warehouses. The land bank is 116,000 hectares, storage capacity is 554,000 tons, and the 2024 harvest is 864,000 tons.

IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue grew by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

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PZU Ukraine Insurance Company increased its premium income by 44.4%

Insurance company PJSC IC “PZU Ukraine” (Kyiv) attracted UAH 2.376 billion in premiums in January-September 2025, which is UAH 731 million, or 44.4%, more than in the corresponding period of 2024, according to the company’s press release.

The largest increase in payments for the reporting period was recorded in the segment of compulsory civil liability insurance for owners of land vehicles (OSCPV) – by 71%, to UAH 788 million, or 33% of the total volume, CASCO – by 29%, to UAH 398 million, or 17% of the total volume.

Under Green Card policies, the company attracted UAH 659 million in insurance premiums in the first nine months of 2025, which is 28% of the insurer’s total revenue and 60% higher than the corresponding figure for the same period in 2024.

Medical insurance accounted for 10% of the company’s portfolio, with the insurance company collecting UAH 229 million in payments (+46%) under such contracts during the period.

PZU Ukraine’s revenue from other insurance contracts amounted to UAH 301 million in the first nine months of 2025.

PJSC IC PZU Ukraine has been operating in the Ukrainian market since 1993. It is supported by one of the largest insurance groups in Central and Eastern Europe, PZU Group (which includes the parent company of PJSC IC PZU Ukraine, PZU S.A.).

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NABU conducts large-scale operation to expose corruption in Ukraine’s energy sector

The National Anti-Corruption Bureau of Ukraine (NABU) and the Specialized Anti-Corruption Prosecutor’s Office (SAP) are conducting a large-scale operation to expose corruption in the energy sector, according to a report on NABU’s Telegram channel on Monday morning.

“15 months of work and 1,000 hours of audio recordings. The activities of a high-level criminal organization have been documented. Its members have built a large-scale corruption scheme to influence strategic enterprises in the public sector, in particular JSC ”NAEK “Energoatom.” Details to follow,” the message says.

A message with identical content was published on the SAP’s Telegram channel.

Earlier, the media and MP Yaroslav Zheleznyak (Golos faction) reported on searches at the home of Timur Mindich, co-owner of the Kvartal 95 studio, Minister of Justice Herman Galushchenko, and at NAEK Energoatom JSC.

Zheleznyak said that the statement on corruption at Energoatom was filed by him and his colleagues. According to the MP, “Mindyich, Herman, Energoatom — all are in our investigation and in one subsequent statement to NABU.”

Later, he wrote in a telegram that “this is not all.”

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Ukrainian metallurgists increased rolled steel production by 0.5% in 10 months

According to preliminary data, Ukrainian metallurgical enterprises increased their total rolled steel production in January-October of this year by 0.5% compared to the same period last year, from 5.264 million tons to 5.377 million tons.

According to information from the Ukrmetallurgprom association, steel production during this period decreased by 4.9% to 6.172 million tons, but pig iron production increased by 8.4% to 6.484 million tons.

In October, 534,000 tons of rolled products, 649,000 tons of steel, and 692,000 tons of pig iron were produced, while in the previous month, 587,500 tons of rolled products, 611,000 tons of steel, and 683,200 tons of pig iron were produced.

As reported, in 2024, Ukraine increased its total rolled steel production by 15.8% compared to 2023, to 6.222 million tons from 5.372 million tons. Steel smelting during this period increased by 21.6% to 7.575 million tons, and pig iron by 18.1% to 7.090 million tons.

In 2023, Ukraine increased its total rolled steel production by 0.4% compared to 2022, to 5.372 million tons, but reduced its steel production by 0.6%, to 6.228 million tons, and its pig iron production by 6.1%, to 6.003 million tons.

In 2022, the country reduced its production of total rolled steel by 72% compared to 2021, to 5.350 million tons, steel by 70.7%, to 6.263 million tons, and pig iron by 69.8%, to 6.391 million tons.

In pre-war 2021, 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%) were produced.

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