PJSC “European Insurance Alliance” (Kiev) in January-June 2025 collected UAH 186.8 mln of net premiums, 48.71% more than in the same period a year earlier, as well as increased the volume of gross premiums by 35.5% – to UAH 194.05 mln.
This is evidenced by the data in the information of the rating agency “Standard-rating” on updating of the company credit rating/rating of financial stability (reliability) of the insurer at the level of “uaAA” on the national scale according to the results of the specified period.
As it is noted, receipts from individuals of the insurer for the first half of the year have grown by 75,33% – up to UAH 77,806 mln, and from reinsurers have decreased by 13,08% – up to UAH 0,412 mln. Thus, legal entities continue to prevail in the client portfolio of the company.
For six months of 2025 the company has paid out UAH 104,7 mln to clients – by 32,4% more than a year earlier.
According to RA data, as of July 2025 65,57% of the company’s liabilities were covered by liquid assets (cash, government bonds and bank deposits).
At the same time the company has formed a portfolio of financial investments, which consists of government bonds and bank deposits in the amount of UAH 124,558 mln, that positively influences its provision with liquid assets.
As of the beginning of Q3 2025, 38,91% of PJSC ‘European Insurance Alliance’ liabilities were covered by shareholders’ equity, and 4,92% of liabilities – by cash on accounts and cash equivalents.
PJSC ‘European Insurance Alliance’ has been operating in the insurance market of Ukraine since 1994. It is a member of the Auditing Commission of the MTSBU, a participant of the agreement on direct settlement of losses on compulsory insurance of civil liability of owners of land vehicles, a member of the Board of the Nuclear Insurance Pool of Ukraine.
The company provides 30 types of voluntary and compulsory insurance, including property, automobile, liability and personal insurance.
A.V. Export Import LLC (Chortkiv, Ternopil region), whose main specialization is currently the production of oil and animal fats, has begun construction of a vegetable oil refinery in the Chortkiv-West industrial park, according to Chortkiv Mayor Volodymyr Shmatko.
“Finally, construction has begun on the first industrial enterprise in our Chortkiv-West industrial park. Six years of work by the team, COVID, a major war, but investors chose Chortkiv! Thank you to the team for such a wonderful result,” he wrote on Facebook on Tuesday.
According to the materials attached to the post, A.V. Export Import plans to build a sunflower oil refining and deodorization plant with a capacity of 50 tons per day in the first stage in 2025, employing 39 people.
The second stage in 2026 involves the construction of an oil bottling plant with a capacity of 54,000 bottles per day and the employment of 38 workers, and the third stage in 2028 involves the construction of a sunflower seed reception and processing plant with a capacity of 150 tons of seeds per day, employing 56 workers.
IP “Chortkiv-West,” registered in October 2019, was established on a land plot of 87.7 hectares, with a declared term of operation of 30 years.
In the summer of the same year, Shmatko presented the concept of the park and announced the readiness of an investor (whom he did not name) to create an agricultural processing enterprise there, investing about $700 million.
According to the Chortkiv City Council, in November 2024, a memorandum was signed between the city council, the managing company IP “Chortkiv West” – KP “Local Economic Development Agency” and “A.V. Export Import,” which was the first step towards the construction of the enterprise.
A.V. Export Import LLC was established in 2017, and according to opendatabot, in October 2024, it changed its main activity from wholesale trade in food products to the production of oil and animal fats. The authorized capital is UAH 20,000.
Currently, the company is owned by Bulgarian citizen Daria Lupashko-Gurevich (50%), residents Andriy Snizhko (25%), and company director Valery Yureskul (25%).
In 2024, the company increased its net income by 4.7 times compared to 2023, to UAH 256.5 million, with a net profit of UAH 4.55 million (UAH 0.58 million), and in the first half of this year, income exceeded UAH 204 million, with a net profit of UAH 5 million.
A.V. Export Import, Chortkiv-West, CONSTRUCTION, FACTORY, oil refining
The first half of 2025 was a period of dynamic growth and new records for Arsenal Insurance. The company maintains high financial stability, confidently increases its performance in key types of insurance, and continues to actively develop digital services.
“In the first six months of 2025, we collected more than UAH 2 billion in insurance premiums, which is 62% more than in the first half of 2024. Payouts increased by 32% and reached UAH 783.7 million. This demonstrates that customers trust us and that we fulfill our obligations quickly and in full,” said Serhiy Avdeev, CEO of the company.
Arsenal Insurance continues to strengthen its position in the CASCO segment. In the first half of 2025, the company collected UAH 1.17 billion in premiums (+35% compared to the same period in 2024). In June, the company overtook its closest competitor for the first time and took the #1 spot in the CASCO market.
Motor third-party liability insurance developed at a particularly high rate. Premiums for MTPL policies increased by 187% and reached UAH 454.4 million. This result was due to the entry into force of the new MTPL law, which updated the insurance conditions: liability limits were increased and tariffs were revised.
The company is actively working to improve the quality of customer service. In the first half of 2025 alone, Arsenal Insurance settled 8,000 insurance claims under CASCO contracts and another 3,000 claims under other types of insurance.
Medical insurance is also showing rapid growth. At the end of the first half of the year, premiums amounted to UAH 165.1 million, which is 53% more than in the first six months of 2024. This allowed the company to rise in the Insurance TOP rating and enter the TOP 7 for this type of insurance.
In six months, medical assistance processed 80,000 customer requests (compared to 46,000 in the same period of 2024) and provided assistance to 18,000 insured persons, which is almost one and a half times more than in the first half of 2024.
“We have significantly modernized our assistance service: we have switched to a new IP telephony platform, optimized the work processes of coordinating doctors, and integrated with one of the largest platforms for ordering medicines, which has significantly accelerated the delivery of medicines. This has increased service availability to 87.5% and sped up the organization of assistance by 25%,” said Medical Director Galina Balabanovich.
An important indicator of customer loyalty is the NPS (Net Promoter Score). At the end of the first half of 2025, it was 91. This means that 9 out of 10 customers recommend Arsenal Insurance to their friends and family. For comparison, the average score in the insurance industry in Ukraine is 53.9, which is 37.1 points lower than Arsenal Insurance.
“We are proud of this result. For us, NPS is not just a number, but a real indicator that our customers trust us and appreciate the quality of our service,” comments Marina Avdeeva, co-owner of the company.
The financial results confirm the effectiveness of the company’s business model. Arsenal Insurance’s net profit for the first half of 2025 amounted to UAH 190 million. For comparison, for the whole of 2024, this figure was UAH 119.6 million.
At the end of the first half of the year, the company ranked sixth in terms of gross premiums (according to Insurance TOP), while growing significantly faster than its closest competitors.
Regionally, Arsenal Insurance retains its #1 position in the Dnipropetrovsk, Kharkiv, and Zaporizhzhia regions. In Kharkiv, the company is more than 1.5 times ahead of its closest competitor, and in Zaporizhzhia — more than 2 times.
In the first half of 2025, modern offices were opened in Rivne, Vinnytsia, Lutsk, and Kharkiv. All new premises meet the requirements of inclusiveness and are focused on customer comfort.
Insurance against military risks remains a separate area of activity. One of the landmark cases of the half-year was the insurance of a large business center in the capital using the PVI model with the involvement of the leading reinsurance market Lloyd’s.
After launching an innovative AI-based team health care service in 2024, the company focused on improving it and expanding its functionality. The company’s digital office is preparing a major update to the mobile app, which will be presented by the end of the year and will make using insurance services even easier and faster.
For the convenience of customers, a personal account has been created on the company’s website where you can view all your insurance policies, history, and payment status, and soon you will be able to make payments, renew insurance policies, upload documents, and purchase new policies.
“Our focus remains unchanged — to combine reliable insurance protection with innovative digital solutions so that customers get maximum comfort and value from their interaction with the company,” summarizes Sergey Avdeev.
The production of Ukrainian weapons will be organized in Lithuania, according to an agreement reached at a meeting between the defense ministers of the two countries, the Lithuanian Defense Ministry’s press service reported on Tuesday.
“During the meeting between Lithuanian Minister of National Defense Dovilė Šakalenė and Ukrainian Minister of Defense Denys Shmyhal, a bilateral Protocol of Intent on the production of Ukrainian weapons in Lithuania was signed, and the types of weapons to be produced and further steps were discussed,” the ministry said in a statement on its website.
It is noted that the document “provides for joint production of defense industry products, technology transfer, project development, and localization of production in Lithuania.”
“This will pave the way for long-term partnership, strengthening collective European security, and creating sustainable supply chains,” the Lithuanian Ministry of Defense said.
According to Šakalėnė, Lithuania remains firmly committed to further supporting Ukraine. According to the minister, “in the coming years, it is planned to allocate more than EUR 200 million to support Ukraine for projects related to armaments, anti-drone systems, demining, rehabilitation, training, and support for Ukraine’s defense industry.” The Lithuanian Defense Minister also announced in Kyiv that Lithuania intends to contribute up to EUR 30 million to the PURL (Prioritized Ukraine Requirements List) initiative.
The minister also met with the leadership of the Ukrainian Air Force and air defense experts to discuss emerging challenges, lessons learned, and innovations in the field of air defense.
“We discussed Ukraine’s latest decisions in response to the changing situation with air threats and technological innovations. I want to ensure the most effective cooperation possible in strengthening our air defense and responding to the changing technologies and methods used by Russia. We agreed to hold regular expert consultations on the application of practical experience to strengthen our air defense,” Shakalene said.
According to her, “it is extremely important to strengthen airspace surveillance in order to detect Russian drones heading for Belarus as early as possible, which may subsequently violate Lithuanian airspace. To this end, it was agreed to exchange information between representatives of our air forces.”
Bill No. 13673, which proposes to increase liability for illegal border crossing, does not yet have real enforcement mechanisms, according to Sergey Derevyanko, a lawyer with the Barristers law firm.
“The bill is incomplete, in particular because it is unclear how, for example, those who have left the temporarily occupied territories outside Ukraine and cannot return to their country for various reasons, such as serious illness or caring for a close relative with a disability, should act. According to the bill, such persons must return to Ukraine before the law comes into force or within three months after that, otherwise they will be held criminally liable, which, of course, violates the rights of such persons,” he told Interfax-Ukraine.
Derevyanko also noted that “it is unclear what to do with those people who, possibly without the relevant documents, left Ukraine at the beginning of the war for certain reasons and subsequently did not and do not have the opportunity to return to Ukraine in the near future.”
“This raises a number of questions, in particular, how and to whom these people, while abroad, should report their circumstances, given that changes to the Criminal Code regarding illegal crossing of the state border provide for exemption from criminal liability only on condition that persons who have been outside the country for three months from the moment of crossing the state border have returned to the territory of Ukraine and, before being notified of their suspicion of committing this criminal offense, have voluntarily reported what happened to the law enforcement agency,”
The lawyer also noted that the bill proposes to abolish criminal liability for violating the procedure for moving goods to or from the area of the anti-terrorist operation, “which is logical, since martial law has been introduced in Ukraine and, accordingly, the anti-terrorist operation is not yet being conducted.”
In addition, the bill provides for liability for obstructing the development of border infrastructure (obstructing the construction, development, or destruction/damage of engineering and technical or fortification structures, fences, border signs, border clearings, checkpoints across the state border of Ukraine, etc.).
Derevianko also drew attention to the bill’s provision on liability for conscripts, persons liable for military service, or reservists who violate the period of stay outside Ukraine established by law.
In addition, the bill proposes to increase liability for the illegal transfer of persons across the state border of Ukraine in conditions of martial law or a state of emergency.
“The purpose of the bill is to prevent evasion of conscription for military service through mobilization by ‘fleeing’ abroad, and to provide conscripts with the opportunity to return to Ukraine. If the bill is adopted, after three months, persons of draft age who illegally crossed the state border during martial law and did not return from abroad will be held criminally liable,” he said.
Commenting on what is meant by the “period of stay outside Ukraine under martial law established by law” specified in the bill, Derevyanko explained that “the current legislation does not provide a clear definition, but the terms of stay outside Ukraine for certain categories of citizens during martial law and a state of emergency are defined by Cabinet of Ministers Resolution No. 57 of January 27, 1995.”
“As an example, according to the aforementioned resolution, athletes included in the national teams of Ukraine may stay abroad continuously for no more than 30 calendar days from the date of crossing the state border, but not less than the duration of the event specified in the Unified Calendar Plan of Physical Culture, Health, Sports Events, and Sports Competitions of Ukraine for the corresponding year,” he said.
“It turns out that, as of today, there are no mechanisms for implementing the bill,” the lawyer concluded.
As reported, the Cabinet of Ministers submitted bill No. 13673 to the Verkhovna Rada, which proposes to increase the liability for illegal crossing of the state border.
It is noted that while in 2021 border guards recorded just over 3,000 illegal crossings of the state border of Ukraine, in 2022 such offenses more than doubled, in 2023 there were almost 10,000, in 2024, there will be more than 20,000, and in the first quarter of this year, almost 4,678 persons liable for military service were detained, which is 10% more than in the same period last year (4,539 persons).
The bill proposes introducing a penalty in the form of a fine ranging from 119,000 to 170,000 hryvnia or imprisonment for up to three years. For conscripts, persons liable for military service, or reservists who have exceeded the permitted period of stay abroad during martial law, a fine of 34,000 to 51,000 hryvnia or imprisonment for a term of three to five years is provided.
A fine of between 17,000 and 85,000 hryvnia or restriction or deprivation of liberty for up to three years is also provided for the deliberate damage of border infrastructure.
At the same time, the bill contains a provision exempting citizens from liability if they return to their homeland within a certain period and voluntarily report to law enforcement agencies with a statement about the criminal offense they have committed.
The Ukrainian Ministry of Internal Affairs noted on its Telegram channel on Friday that the draft law had been prepared by the ministry.
“Today, unfortunately, we are seeing mass attempts to evade mobilization by illegally leaving the country. As practice shows, administrative fines do not deter violators,” the statement said.
The Ministry of Internal Affairs explains that the draft proposes transferring the consideration of administrative cases of illegal border crossing to border guards, because it is faster and more effective.
As clarified to Interfax-Ukraine by the Ministry of Internal Affairs, cases of this category are currently handled by courts, and decisions are often delayed.
Germany is losing industrial jobs at an accelerated rate – and this is no longer a localized slump, but a steady trend. According to a fresh study by EY, the industry cut employment by 2.1% over the year, with the auto industry losing about 51,500 jobs (-6.7% year-on-year). Weak demand, expensive energy, competition from Asia, US duties and the expensive transition to electric vehicles are squeezing margins and forcing concerns to optimize staffing levels. In Q2 2025, industry revenue fell 2.1% YoY to €533bn, continuing a series of quarterly declines.
Structurally, the auto sector was the hardest hit, but contractions are also evident in mechanical engineering and metals, while chemicals and pharma are showing relative stability, as evidenced by both public excerpts from the EY barometer and industry commentary in the German business press. In aggregate, German industry has shed around a quarter of a million jobs since 2019, reflecting the cumulative effect of several consecutive shocks.
Operational metrics point to a sluggish cycle, with new orders in manufacturing falling in June and annualized turnover declining; this combination usually signifies weakness over the horizon of the coming quarters, even if individual months produce technical bounces in production. At the macro level, this is combined with a fall in GDP in Q2 and a downward revision of the dynamics of the beginning of the year.
The political backdrop has become tougher, with Chancellor Friedrich Merz openly stating that the current welfare state model is “unfundable” without reforms, signaling a possible shift in budget priorities in favor of incentives for employment and industrial competitiveness. For business, this means less room for “inertia” subsidies and more pressure on productivity, R&D and export adaptation.
What this means for companies and the labor market. Automakers and their supply chain will likely face a second wave of restructuring to accommodate the EV economy and US tariff geopolitics; engineering will continue to lose low-margin positions to Asian competitors, and growth will shift to high-engineering value-added niches. For chemicals and pharma, the window of resilience is preserved through contractual models and pricing power, but energy-intensive segments remain vulnerable to spot gas and electricity disruptions. The labor market will be “two-speed”: release on the assembly line and in basic metalworking in parallel with a shortage of specialists in automation, electronics, software, battery technologies and chemical technologies – this is already evident in the structure of vacancies and industry surveys.
Conclusion. The job cuts are not the “end of industry” but a painful realignment: Germany is losing mass jobs where it is losing out on costs and is trying to retain and grow employment in capital- and knowledge-intensive segments. The key to a turnaround is cheaper energy, faster permitting procedures, prioritization of industrial investments and retraining for the electric and digital agenda. In the meantime, order and turnover statistics signal that the bottom of the cycle has not yet been passed.
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