Natalia Gurina, who has been responsible for risk management and problem assets as deputy chair of the board since January 2012, will become the new chair of the board of Raiffeisen Bank (Kyiv), Ukraine’s largest non-state-owned bank, on January 1, 2026.
According to a statement on the bank’s website, the decision was made by the supervisory board of Raiffeisen Bank following a competition, so it still needs to be approved by the state supervisory authorities.
It is noted that Gurina has devoted her entire professional career to the bank and has grown with it since its early years, starting her career at Aval (the bank’s former name) in 1994.
She will replace Oleksandr Pysaruk as chairman of the board, who was approved for this position by the supervisory board in August 2019 and who was first deputy chairman of the NBU in 2014-2016.
“Gurina has demonstrated strong professional and leadership qualities that will ensure the bank’s further development in extremely difficult military conditions,” said Andriy Stepanenko, deputy chairman of the supervisory board, whose words are quoted in the release.
It is noted that Gurina has held positions in various areas over the years, including exchange operations, currency control, treasury, credit operations, portfolio monitoring, and problem loans. Prior to her appointment as a member of the board in July 2007, she was deputy chief risk manager and director of the corporate risk department.
The replacement of the bank’s chairman is planned following the decision of the current chairman, Pysaruk, not to renew his contract for a new term, according to the release.
Raiffeisen Bank is the largest Ukrainian bank with foreign capital. According to the NBU, as of September 1, 2025, it ranked fourth (UAH 239.8 billion) among 60 banks in Ukraine in terms of assets.
Change in consumer prices in 2024-2025, %
Source: Open4Business.com.ua
The volume of freight traffic carried by Ukrzaliznytsia in 2025 will decrease by 7% compared to last year, from 173 million tons to 160 million tons, and in subsequent years it will only be possible to increase it to 161 million tons and 162 million tons, respectively, the company announced to journalists during a presentation on November 7.
According to the presentation, it is expected that in 2025-2026, the volume of ore and manganese transportation will amount to 44 million tons compared to 43 million tons last year, and in 2027, it will decrease to 42 million tons.
Grain and flour transportation in 2025-2027 is forecast at 31 million tons, which is 22.5% or 9 million tons less than in 2024.
Ukrzaliznytsia noted that it expects a reduction in the transportation of building materials from 35 million tons in 2024 to 30-32 million tons in 2025-2027.
According to the presentation, coal transportation volumes in 2025-2027 will decrease by 17.4% compared to 2024, from 23 million tons to 19 million tons.
The company plans to partially offset these losses by increasing the transportation of other cargo from 32 million tons last year to 36 million tons this year, and then increasing it by 1 million tons annually.
Ukrzaliznytsia added that the total volume of cargo transportation from 2021 to 2025 decreased by 49% – from 315 million tons to 160 million tons. In particular, during this period, there was a 43% reduction in ore transportation, 52% in building materials, and 62% in coal.
According to the presentation, the forecast for the profitability of freight transportation is even worse: last year’s profit of UAH 20.4 billion will decrease to UAH 3.2 billion next year, and the following year, freight transportation will bring a loss of UAH 0.6 billion, and in 2027 – UAH 4.8 billion.
The company cites the freezing of tariffs, which were last increased in 2022, as the reason, although the producer price index has risen by 69.3% since then.
In September 2025, Valery Tkachov, deputy director of the commercial department of Ukrzaliznytsia, reported that the company expects freight traffic to decline this year to 162-165 million tons from 175 million tons last year, after partially recovering from a drop to 150-155 million tons in the first two years of Russia’s full-scale aggression from 312-315 million tons.
Tkachov then stressed that in order to rectify the situation, an active search for new cargoes is underway, in particular, retail and small and medium-sized business cargoes, ranging from forest products to industrial products and a large number of other segments.
Serhiy Leshchenko, deputy chairman of the supervisory board of Ukrzaliznytsia, reported last week in the Verkhovna Rada that the company’s net loss for the first nine months of this year amounted to UAH 7.195 billion.
According to him, the company proposes to index freight tariffs by 27.5% from January 1 next year and by another 11% from July 1.
The volume of Ukrzaliznytsia’s export shipments in January-June 2025 decreased by 13.5% to 38.7 million tons, domestic shipments by 11.7% to 35.5 million tons, while the volume of import transportation increased by 5.4% to 5.3 million tons.
In 2024, the company increased its revenue by 11.1% to UAH 102.87 billion, but incurred a net loss of UAH 2.71 billion compared to a net profit of UAH 5.04 billion in 2023.
Ukraine ranked 25th out of 25 in the 2025 European used car market transparency index from carVertical. According to the study, 54.72% of the cars inspected had registered damage, 9.46% had signs of odometer tampering, 78.38% were imported used cars, and the average age was 10.58 years.
The leaders in the ranking are the United Kingdom, Italy, and Germany. In these countries, the risks of mileage manipulation and hidden damage are significantly lower than the European average, according to the authors of the study.
The carVertical index is based on six criteria and covers the period from October 2024 to September 2025.
The methodology and country cards are available on the research project website.
A new educational center, the Higher School of Lobbying, a structural subdivision of the National Association of Lobbyists of Ukraine, has opened in the capital. The project’s mission is to form a professional community of lobbyists in the country in accordance with EU, US, and UK standards. The premiere took place at the Hyatt Regency Kyiv, bringing together over 100 participants, including about 50 members of parliament, diplomats, representatives of international business, and academia.
A special feature of the launch is the participation of practicing lobbyists from the US and the UK, who will conduct classes together with Ukrainian experts. The program is designed as a practical track for working in the EU and US markets.
Project director Oleksiy Shevchuk said: “Lobbying is about transparent rules, competition of ideas, and investment. We are launching a school that provides tools for legal influence and open dialogue with the authorities. Our graduates must be equally confident in defending their clients’ positions in Kyiv, Brussels, and Washington, relying on facts, ethics, and compliance.”
The professional principles of the new school are:
1) Legality and transparency — working only within the public legal field, with a clear mandate and client disclosure
2) Ethics — prevention of conflicts of interest, internal compliance, and codes of conduct
3) Expertise — analytics, data, impact assessment, proposals for regulation
4) Equal access — inclusion of business, NGOs, and regions in dialogue with the state
5) Measurability — goals, KPIs, and reporting on advocacy results
Recruitment for the first cohort has begun. International mentors, workshops on preparing position papers for EU and US institutions, and analysis of real-life cases of interaction with regulators have been announced. The organizers emphasize that the school is results-oriented — graduates should bring new partnerships, investments, and sustainable changes to the rules of the game to the economy.
Historical background: how lobbying developed in the US and Europe
US. The American model is the most institutionalized. In the 19th century, the term “lobbyist” came into use to describe individuals who communicated with congressmen behind the scenes.
The modern system is based on mandatory registration of lobbyists, reporting on clients, budgets, and topics of influence, public registries, and compliance.
Principles: transparency of contacts with officials, disclosure of expenses, restrictions on gifts and travel funding, disciplinary responsibility for covert activities.
Europe. In the EU, lobbying is formalized as the participation of interested parties in policy-making. The European Commission and European Parliament have a Common Transparency Register, which requires disclosure of information about organizations and consultants, their goals and resources, and meetings with high-ranking officials are published online.
National regimes vary, but common standards include public registers, codes of ethics, tracking of influence on regulation, and impact assessments for new legislation.
Source: https://interfax.com.ua/news/projects/1119422.html
