Business news from Ukraine

Business news from Ukraine

In July, Ukraine ranked 23rd among 70 countries in steel production

In July 2025, Ukrainian metallurgical enterprises produced 581,000 tons of steel (down 18.1% year-on-year and down 6.4% month-on-month), ranking 23rd in the Worldsteel rating of 70 countries. In January–July, production amounted to 4.263 million tons (–7% y/y), with Ukraine ranking 22nd for this period.

According to Worldsteel, India, the US, Turkey, and Iran showed growth in July compared to last year, while the other countries in the top 10 recorded a decline.

The World Steel Association is an international association of the steel industry, bringing together steel producers, national and regional industry associations, and research institutes; its members account for about 85% of global steel production. Its headquarters are in Brussels, and it has an office in Beijing. The organization was founded in 1967 as the International Iron and Steel Institute and was renamed in 2008. Worldsteel regularly publishes monthly production statistics and an annual reference book, World Steel in Figures.

 

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Top 10 global steel producers in July 2025 — Worldsteel data

In July 2025, global steel production amounted to 150.126 million tons, which is 1.3% less than in July 2024.

According to the World Steel Association (Worldsteel), the top ten countries are as follows:

China — 79.660 million tons (-4% y/y)
India — 14.000 million tons (+14%)
United States — 7.142 million tons (+4.8%)
Japan — 6.918 million tons (-2.5%)
Russia — 5.700 million tons (-2.4%)
South Korea — 5.256 million tons (-4.7%)
Turkey — 3.182 million tons (+4.2%)
Brazil — 2.930 million tons (-5.5%)
Germany — 2.719 million tons (-13.7%)
Iran — 2.235 million tons (+29.7%)

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Romania is most accessible country in Europe for digital nomads

Romania is the most accessible country in Europe for digital nomads, according to a study by Omio. The index looked at the cost of living, rent, visa requirements, and internet access, with interest in remote work across borders growing fast.

Romania ranked first among European countries in terms of accessibility for digital nomads. Its assets include the lowest cost of living (index 37) and favorable rental conditions (index 7), which are significantly lower than in the US (72).

However, to obtain a digital visa in Romania, you need to prove that you have a monthly income of at least £3,700 (~$5,000), which is a high threshold for many freelancers.

In second place is Albania, which has the same low cost of living and rent but a more lenient income threshold (€1,000), although it lags behind Romania in terms of safety and internet speed.

Georgia is one of the leaders in terms of low living and rental costs, but its mandatory income requirement for a visa — around £2,000 — is higher than in Albania.

Hungary also ranks highly in the regional rankings thanks to its fast internet speeds and moderate income requirements for a visa.

Omio’s research confirms Eastern Europe’s status as the most accessible region for digital nomads. Romania leads the way thanks to its favorable combination of cost of living and infrastructure quality. However, visa requirements — particularly the relatively high level of provable income — remain a barrier for effective freelancers with unstable incomes.

 

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Norway and Germany to finance two Patriot systems for Ukraine

Norway is allocating approximately NOK 7 billion (US$696.12 million) to finance air defense systems for Ukraine, according to a press release from the Norwegian government on Sunday.

“Together with Germany, we will ensure that Ukraine receives powerful air defense systems. Germany and Norway are working closely together to support Ukraine in defending the country and its civilian population against Russian air attacks,” Norwegian Prime Minister Jonas Gahr Støre said.

It is noted that Norway and Germany are financing two Patriot systems, including missiles. In addition, Norway is contributing to the purchase of air defense radars from German manufacturer Hensoldt and air defense systems from Kongsberg.

“Air defense is crucial for protecting military units and infrastructure. Together with Germany, we are now stepping up our efforts even further,” added Defense Minister Tore Rømmers.

Earlier this summer, German Chancellor Friedrich Merz and Støre agreed to transfer two Patriot systems to Ukraine, which are currently in Germany and will be delivered to Ukraine as soon as possible.

The US has confirmed that it will replace the transferred systems, and Norway has pledged to make a financial contribution to their replacement.

 

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Construction of vegetable storages has intensified in Ukraine – expert

The long-awaited revival in the construction of vegetable storage facilities has begun in Ukraine, with small and medium-sized facilities prevailing, Andriy Marushchak, Commercial Director of Van Dyke Techs, told SEEDS in an interview. According to him, this format allows farms to quickly meet local needs, but “storage is not everything”: without parallel development of processing, the effect will be limited.

According to the expert, construction is currently most active in Lviv, Khmelnytsky, Vinnytsia, Cherkasy, Odesa, Dnipro, and Chernihiv regions. The farmers’ decision was influenced by the high cost of logistics: “It is no longer as profitable to transport onions 400-800 km as it is to grow and store them closer to the market,” Marushchak said.

The most promising areas for a quick launch are French fries, dried mashed potatoes, peeled/ready-made potatoes; for onions, peeling, freezing and drying. In countries where processing is already in operation, farmers have gradually scaled up storage facilities from 3 to 30 thousand tons or more; it is logical for the Ukrainian market to follow the same trajectory, the expert emphasizes.

Vegetable consumption in Ukraine is less than 30% of WHO recommendations (≈150-200 g per day versus 600 g), which restrains demand beyond the “borscht set”. In a typical consumption structure, the share of potatoes is 50-60%, cabbage – ~10%, carrots – ~5%, and beets – “very little,” Marushchak said.

For the stable operation of storage and processing plants, it is important for farmers to form commodity lots and fulfill long-term contracts through professionally managed cooperatives, a model that has been successfully operating in the EU, the expert emphasizes.

https://www.seeds.org.ua/ovochesxovishh-v-ukraini-stane-bilshe-fermeri-pochali-aktivne-budivnictvo/

 

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Rating of leaders in Ukrainian insurance market by premiums collected in January-July 2025

The leaders of the Ukrainian insurance market in terms of premiums collected in January-July 2025 were insurance companies SG TAS with UAH 4.213 billion in premiums collected, ARKS with UAH 3.270 billion, and INGO with UAH 3.101 billion. Unica attracted UAH 2.897 billion, and VUSO attracted UAH 2.613 billion, according to the website of the National Association of Insurers of Ukraine (NAIU). It is noted that compared to the same period last year, INGO surpassed Unica, pushing it out of third place.

The top five companies in the compulsory motor third-party liability insurance market in terms of premiums collected in January-July this year are TAS (UAH 2.245 billion), Oranta (UAH 1.708 billion), Knyazha VIG (UAH 1.368 billion), INGO Insurance Company (UAH 724.1 million), and USG (UAH 619.1 million).

The leaders in the Green Card market in terms of premiums collected for the period are TAS (UAH 753.9 million), USG (UAH 651.2 million), PZU (UAH 427.7 million), which rose from fourth to third place, ahead of Knyazha VIG (UAH 216.1 million), and SK INGO (UAH 152.8 million) instead of SK Oranta, which left the top five.

There were also minor changes in the CASCO market. As before, it is led by ARKS Insurance (UAH 1.539 billion), Arsenal Insurance (UAH 1.425 billion), VUSO (UAH 723 million), which swapped places with Unica (UAH 658.3 million), and Universalna (UAH 640.8 million), which took the place of USG.

At the same time, there were no changes among the leaders in voluntary medical insurance: Unika Insurance Company (UAH 1.412 billion) remains the leader in this segment, followed by Universalna (UAH 710.3 million), INGO (UAH 646 million), VUSO (UAH 493.9 million), and ARKS (UAH 370.6 million).

There were minor changes in the top five life insurance companies in January-July. As a year ago, MetLife Insurance Company (UAH 1.693 billion) ranks first. The next places were taken by IC TAS (UAH 500.6 million), Grave Life (UAH 341.8 million), PZU Life (UAH 221 million), and Arks Life (UAH 203.4 million). At the same time, Unica Life, which was in fourth place at the end of the first seven months of 2024, dropped out of the top five leaders in this market.

As reported, as of the end of July 2025, there were 51 risk insurers operating in the Ukrainian insurance market (compared to 69 on the same date in 2024), 10 specializing in life insurance (down from 12), and one with special status (Export-Credit Agency, ECA).

 

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