Business news from Ukraine

Business news from Ukraine

On December 8, Ukraine will hold auctions for industrial fishing rights for 2026

Auctions for the right to special use of aquatic biological resources in fishery water bodies (or parts thereof) in 2026 will be held on December 8 in the Prozorro.Prozori state electronic trading system, according to the State Agency for Fisheries.

“This will allow entrepreneurs to prepare their material and technical base in advance and plan their economic activities,” the agency noted.

A total of 246 lots will be put up for auction for industrial fishing in 2026, namely: Kremenchuk Reservoir – 59 lots, Dnipro-Buzka Estuary System – 35 lots, Kamyanske Reservoir – 32 lots, Kaniv Reservoir – 27 lots, the lower reaches of the Dniester River (with lakes, the Turunchuk branch) and the Dniester Estuary – 17 lots, the Danube River – 16 lots, Kyiv Reservoir – 15 lots, Dnipro Reservoir – 11 lots, Tiligul Estuary – 10 lots, Berezan Estuary – 8 lots, Dnipro River within Chernihiv Oblast – 8 lots, Desna River with lakes within Chernihiv Oblast – 8 lots.

The State Agency for Fisheries invited business entities that plan to engage in commercial fishing and have declared their right to do so by submitting a corresponding electronic declaration to participate in the auction.

“This is your opportunity to legally, transparently, and honestly obtain the right to industrial fishing, contributing to the food security of the state,” the agency emphasized, adding that detailed information about the lots, auction dates, starting prices, guarantee deposit amounts, volumes and types of aquatic biological resources, fishing gear, etc. can be found on the State Agency for Fisheries’ information resources and in the state system “Prozorro.Sales.”

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BBS Insurance increased its premium income by 65% in first nine months of 2025

Insurance company BBS Insurance (formerly Brokbusiness, Kyiv) collected UAH 660.03 million in gross premiums in January-September 2025, which is 64.70% more than in the same period of 2024.

This was reported by RA Expert-Rating in its confirmation of the insurance company’s financial stability rating at “uaAA” on the national scale.

According to the RA, the share of insurance premiums belonging to reinsurers increased by 44.6%, while their share in the company’s gross premium structure decreased by 0.23 p.p. to 1.63%.

In the first nine months of 2025, the company made 77.75% more insurance payments and reimbursements than in the first nine months of 2024, and the level of payments increased by 2.62 p.p. to 35.67%.

During the reporting period, the equity capital of IC “BBS Insurance” increased by 21.21% to UAH 196.84 million, while its gross liabilities increased by 61.05% to UAH 388.29 million. As a result of the higher growth rate of liabilities, the level of coverage of the insurer’s liabilities by equity capital decreased in the reporting period: by 16.67 p.p. to 50.69%.

Cash and cash equivalents increased by 58.62% to UAH 382.28 million, while the ratio of cash to liabilities decreased by 1.51 p.p. to 98.45%. Thus, as of the beginning of the fourth quarter of 2025, highly liquid assets covered 98.45% of the company’s liabilities.

RA also notes that the company’s activities were profitable during the period under review. Compared to the same period in 2024, operating profit increased by 38.51% to UAH 49.05 million, and net profit increased by 27.13% to UAH 47.63 million.

BBS Insurance has been operating in the Ukrainian insurance market for over 30 years and is represented in all regions of the country. It has a license to conduct insurance activities in 18 classes.

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Insurance company Quorum increased its premium income by 36% in first nine months of 2025

Insurance company Quorum (Kyiv) collected net insurance premiums in the amount of UAH 47.195 million in January-September 2025, which is 36.4% more than in the same period of 2024, and gross premiums in the amount of UAH 50.216 million (+1.17%) .

This was reported by the rating agency (RA) Standard-Rating in its information on the update of the company’s credit rating/financial stability rating on the national scale at the level of “uaAA”.

The agency specified that it had updated the rating based on an analysis of the company’s performance for the reporting period.

Revenues from individuals in the insurance company increased by 10.82% to UAH 27.072 million, while there were no revenues from reinsurers. The share of individuals in gross premiums for the first nine months of 2025 was 53.91%.

Insurance premiums sent to reinsurers in January-September 2025 amounted to UAH 3.021 million, which is 79.91% less than in the same period of 2024. Thus, the reinsurers’ share in insurance premiums decreased by 24.27 percentage points to 6.02%.

The volume of insurance payments and reimbursements made by the company in the first nine months of 2025 increased by 44.26% compared to the same period in 2024, to UAH 7.894 million. Thus, the level of payments increased by 4.70 p.p. to 15.72%.

The activities of TOV “SK ”Quorum” in the period under review were profitable, and operating and net profits showed growth – by 5.89% to UAH 8.8 million and by 9.64% to UAH 8.3 million, respectively.

As of September 30, 2025, the company’s assets grew by 13.93% to UAH 79.632 million, equity increased by 13.54% to UAH 69.736 million, liabilities grew by 16.77% to UAH 9.896 million, and cash and cash equivalents increased by 12.52% to UAH 56.095 million.

Thus, as of the beginning of the fourth quarter of 2025, the company had very high levels of capitalization (704.69%) and the ratio between cash and liabilities (566.85%), the RA notes.

Insurance company Quorum was established in March 2014 and specializes in risk insurance.

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Copper prices hit new historical record

Copper prices have again updated the historical maximum on the London Metal Exchange (LME) amid fears of shortages of the metal.

Quotes of futures for copper on the LME on Friday growing by 1.8% to $ 11.65 thousand per ton. Earlier during trading prices rose to $ 11.662 thousand per ton, which is a new record.

Stocks of metal in warehouses monitored by the LME fell to their lowest since July due to strong demand for copper in the U.S. on fears of imposition of duties on imports of non-ferrous metals in 2026. Rising U.S. demand could lead to copper averaging $13,000 a ton in the second quarter of next year, Citi analysts believe.

“We are confident in copper’s upside potential through 2026 due to a range of bullish factors, including increasingly positive fundamentals and macroeconomic indicators,” Citi said in a statement.

Since the beginning of the year, copper in London has risen by more than 30%.

Earlier, information and analytical center Experts Club released a video dedicated to global copper production and leading producing countries – https://youtube.com/shorts/_h8iU50z8C0?si=a-XkgGEfeUxseQNa.

 

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FAO has distributed 615 grain storage facilities to farmers in frontline areas for crop storage

The Food and Agriculture Organization of the United Nations (FAO) has completed the distribution of 615 modular grain storage facilities to small and medium-sized farms in seven frontline areas, the FAO press service reported on Facebook.

The FAO specified that this initiative was implemented with the support of the governments of Canada and Japan in close cooperation with the Ministry of Economy, Environment, and Agriculture. The FAO is convinced that the program contributes to stabilizing the work of farms, preventing post-harvest losses, and ensuring the continuity of agricultural production.

Farmers could apply to participate in the program through the State Agrarian Register (DAR). In 2025, the FAO received 747 applications from producers who cultivate between 200 and 1,000 hectares. After verification, 615 farms were selected to receive modular grain storage facilities. The distribution took place in seven regions: Chernihiv (62), Dnipropetrovsk (116), Kharkiv (124), Kherson (14), Kirovohrad (84), Mykolaiv (128), and Odesa (87).

This initiative is part of a broader Grain Storage Support Strategy that FAO and partners have been implementing since 2022 in response to a critical shortage of storage capacity. During this time, Ukrainian agricultural producers have received a wide range of storage solutions – more than 37,000 grain sleeves, 105 sets of loading and unloading equipment, and a total of 859 modular grain storage facilities. Collectively, this support has enabled farmers across Ukraine to preserve more than 8 million tons of grain and sustain agricultural production in wartime conditions.

Despite significant progress, the lack of storage infrastructure remains a key constraint to the recovery of the agricultural sector, especially in frontline and recently liberated areas, the FAO stressed. As preparations for the 2026 season get underway, the sustainable development of modern and secure grain storage facilities will remain critical to protecting livelihoods and preserving national food production.

“For farmers, the ability to safely store their harvest is not just about grain. It’s about peace of mind, about the confidence that months of hard work will not be lost. These storage facilities give Ukrainian farmers what is especially needed today in times of war: stability and the ability to look to the future with hope. We will continue to support them on this path,” assured Shakhnoza Muminova, Head of the FAO Office in Ukraine.

FAO, together with its partners, plans to provide support to approximately 100 more farmers in early 2026, but the scale of needs far exceeds available resources. Strengthened cooperation and continued active involvement of the international community will be key to enabling farmers to withstand ongoing challenges and contribute to Ukraine’s long-term recovery, the organization believes.

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2026 state budget allocates nearly UAH 300 bln to education and science

The 2026 state budget provides for UAH 298.8 billion in funding for the Ministry of Education and Science of Ukraine.

“The Verkhovna Rada of Ukraine has approved the state budget for 2026. The document provides for a significant expansion of investment in human capital: UAH 298.8 billion is allocated for education and science, which is UAH 85.4 billion more than in 2025,” the Ministry of Education said in a statement.

Key areas of funding include: education — UAH 278.7 billion (+UAH 79.8 billion by 2025); educational infrastructure and investment projects — UAH 17 billion, including UAH 6.2 billion for shelters in schools and kindergartens; free school meals — UAH 14.4 billion to provide meals for 3.5 million students in grades 1–11; textbooks — UAH 2.1 billion is allocated for the purchase of textbooks for grades 4 and 9; scholarships for students — UAH 6.6 billion.

It is also planned to allocate UAH 19.9 billion to science, in particular, almost UAH 3 billion for basic funding of universities and scientific institutions based on the results of state certification; UAH 998 million for research centers of advanced experience; UAH 100 million for a new competition for applied developments in partnership with business; UAH 300 million for competitive research.

“Education and science remain among the key priorities of the state in 2026. The increase in funding demonstrates that Ukraine is consistently investing in human potential, technological strength, and future sustainability — the foundation of our victory and development,” the ministry emphasized.

As reported, the 2024 state budget allocated UAH 171.2 billion to finance education, while the 2025 state budget allocates UAH 197.3 billion to finance education.

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