On July 30, the Supervisory Board of Insurance Company “Euroins Ukraine” (Kyiv) terminated the powers of CEO Andriy Yakovenko based on his request to be transferred to the position of First Deputy CEO, the company reported via the NSSMC system.
It was also noted that Miroslav Boichin has been appointed CEO of the company. Previously, he served as chairman of the supervisory board of Euroins Ukraine from 2024 to 2026 and as CEO of PJSC “European Travel Insurance” (ETC Kyiv) from 2021 to 2026.
The company reports that, effective July 30, 2026, Andriy Yakovenko has been appointed first deputy chairman of the board of Euroins Ukraine Insurance Company.
By a resolution of the company’s extraordinary meeting on July 30, the powers of the entire supervisory board were terminated. Specifically, the terms of office of Supervisory Board Chair Miroslav Boichin and Supervisory Board members Todorka Georgieva and Ivan Hristov were terminated. Yanko Nikolov was appointed Chair of the Supervisory Board, and Todorka Georgieva and Ivan Hristov were appointed as members of the Supervisory Board.
Euroins Ukraine Insurance Company is a general insurance company. It has been operating in the Ukrainian market since 1992. It is part of the Bulgarian insurance group Euroins, one of the largest independent insurance groups in Central, Eastern, and Southeastern Europe.
The Russian marketplace Wildberries plans to commission two large logistics complexes in Kazakhstan with a total area of over 260,000 square meters in the first quarter of 2027, according to Kazakhstan’s Minister of Trade and Integration Arman Shakkaliyev.
“In the first quarter of next year, the company is carrying out construction and installation work on a facility of about 160,000 square meters in Almaty. And in Astana, there will be a facility of about 100,000 square meters,” the minister said at a briefing at the Kazakh government on August 4.
According to him, these projects are part of the previously announced development program for Wildberries’ Kazakhstani division. Currently, the company leases approximately 46,000 square meters of warehouse space in the country.
Shakkaliyev also noted that Wildberries has not submitted any new requests to the Kazakhstani authorities regarding the search for or opening of additional warehouse facilities.
However, official data on the distribution of space among cities contradicts the minister’s statements. A statement published by the Kazakh government indicates that the Wildberries logistics hub currently under construction in Astana will have an area of 160,000 square meters, not 100,000 square meters.
Investments in the Astana complex are estimated at 47.7 billion tenge. The project is expected to create approximately 6,000 jobs, and construction is also scheduled for completion in the first quarter of 2027.
Representatives of the merged company RWB had previously reported that a 160,000-square-meter facility is under construction in Astana, and a complex covering more than 100,000 square meters is being built near Almaty. Thus, the total area of the two centers will indeed exceed 260,000 square meters, although the final distribution of space between the cities still needs to be clarified.
The cost of the Wildberries logistics center in Almaty was previously estimated by the Kazakhstani authorities at 43.2 billion tenge. The exact completion date for this facility was not specified in the relevant announcement.
The new centers are expected to expand the marketplace’s capacity for receiving, storing, sorting, and delivering goods within Kazakhstan. Expanding the local warehouse network may also reduce delivery times and increase the number of Kazakhstani entrepreneurs operating through the platform.
In 2025, the volume of retail e-commerce in Kazakhstan, including marketplaces, reached 3.769 trillion tenge. Sales through marketplaces accounted for 3.238 trillion tenge, or 86% of the total e-commerce market.
Wildberries is one of Kazakhstan’s largest e-commerce platforms. Previously, the Ministry of Trade reported on plans by Wildberries and Ozon to build three fulfillment centers in Astana and Almaty with a total area of 291,000 square meters and a combined investment of 101.3 billion tenge.
Ukraine ranked 20th among Uzbekistan’s largest trading partners for the period from January through June 2026, according to data from the National Statistics Committee of Uzbekistan.
Foreign trade turnover between Ukraine and Uzbekistan over the six-month period totaled $206.1 million, compared to $151.9 million during the same period in 2025. Thus, bilateral trade increased by 35.7%.
Ukrainian exports to Uzbekistan totaled approximately $171.9 million, while Uzbek exports to Ukraine were estimated at $34.2 million. Ukraine’s trade surplus with Uzbekistan reached approximately $137.7 million.
Ukraine accounted for about 0.5% of Uzbekistan’s total foreign trade turnover.
Overall, Uzbekistan’s foreign trade turnover in January–June 2026 amounted to about $41 billion.
China remained the country’s largest trading partner, accounting for 23.1% of total trade, or about $9.5 billion. Russia ranked second with a share of 17.1%, corresponding to approximately $7 billion.
Uzbekistan’s top five trading partners also included Kazakhstan with a 6.8% share, Turkey with 3.4%, and Afghanistan with 2.6%.
Separately, Uzbekistan’s Ministry of Investment, Industry, and Trade reported that the country’s exports, excluding gold, totaled $14.4 billion in the first half of the year, an increase of 32.2%, or $3.5 billion, compared to the same period last year.
The main market for Uzbek goods and services was Russia, to which $2.4 billion worth of products were shipped. Exports to China totaled $2.18 billion, to Afghanistan – $961 million, to Kazakhstan – $715 million, to France – $707 million, to Turkey – $516 million, and to Kyrgyzstan – $453 million.
The main drivers of growth in Uzbek exports were services ($5.7 billion), light industrial goods ($1.66 billion), metallurgical and mining products ($1.3 billion), fruits and vegetables ($875 million), and construction materials ($714 million).
Uzbekistan’s export geography expanded to include seven additional countries and territories in the first half of the year, bringing the total to 211 countries and territories.
Sources: National Committee on Statistics of Uzbekistan and a press release from the Ministry of Investment, Industry, and Trade of Uzbekistan dated July 29, 2026.
The Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk Oblast) ended the first half of 2026 with a loss of 228.2 million UAH, a 3.7-fold increase compared to January–June 2025
According to the financial report published on the plant’s website, net sales revenue for this period fell by more than half—to 371.4 million UAH.
The gross loss amounted to 63.4 million UAH, compared to a profit of 173.3 million UAH in January–June 2025, while the operating loss reached 275 million UAH (a 5.5-fold increase).
Products worth UAH 351.7 million, or 94.7% of total revenue, were exported during the reporting period, while the volume of exports fell by more than half.
Specifically, exports to the main export market, India, fell by 47.2% to 166.8 million UAH; exports to Slovakia dropped by nearly 20% to 45.5 million UAH; by a factor of 3.2 to Romania—to 3.7 million UAH—and there were no shipments to Bulgaria (63.4 million UAH in the first half of 2025), Lithuania (36.2 million UAH), or France (6.1 million UAH).
In contrast, shipments to Poland increased 3.6-fold—to 44.9 million UAH, and to Luxembourg by 47.5%—to 63.9 million UAH.
In the second quarter, the volume of products sold amounted to 194.6 million UAH, including 189.7 million UAH for export; the volume of marketable products was 99.9 million UAH, including 95.0 million UAH for export. The loss amounted to 112.7 million UAH (compared to 88.4 million UAH a year ago).
“Despite the difficult economic situation and martial law in Ukraine, NKMZ will continue to maintain its equipment and workforce and develop projects in the field of research and innovation,” the report states.
At the same time, the plant notes that operating amid Russia’s military aggression against Ukraine, the proximity of the front lines, logistical challenges, and disruptions in energy supply have led to a significant reduction in production volumes and irregular operations.
Under these conditions, the company has temporarily suspended production since June of this year. According to information on the company’s website, on June 12 of this year, it refuted media reports regarding the relocation of NKMZ to Perechyn (Zakarpattia Oblast).
“PJSC ‘NKMZ’ is not relocating the enterprise to the city of Perechyn, is not moving its production facilities, and is not implementing any projects related to the enterprise’s relocation to Zakarpattia Oblast,” reads a statement from the press service on the website.
NKMZ is a key employer in Kramatorsk and Ukraine’s largest manufacturer of rolled steel, metallurgical, forging and pressing, hydraulic, mining, hoisting and transport, and railway equipment.
The plant ended 2025 with a loss of 127 million UAH, whereas in 2024, net profit amounted to 36.3 million UAH, following a 29.6% increase in net revenue to 1.49 billion UAH.
As of July 1, 2026, the average headcount of full-time employees stood at 4,018—a decrease of 12.7%, or 587 people, compared to the previous year.
Financial regulators in Kazakhstan and China have reached an agreement to launch a pilot project on settlements in the digital tenge and digital yuan, the press service of the National Bank of Kazakhstan reported following a visit by its delegation to China.
“An important step was the agreement reached between the National Bank and the People’s Bank of China to launch a pilot project for settlements in digital tenge and digital yuan,” the statement said.
“We have agreed to integrate the digital tenge and the digital yuan in two complementary ways: through the mBridge multilateral platform (an international multi-currency platform for real-time cross-border payments and transfers using blockchain technology) and through direct bilateral integration via CBETS (Cross-Border e-CNY Transfer Services, the digital yuan platform for cross-border settlements),” explained Binur Zhalenov, Deputy Chairman of the National Bank of Kazakhstan, who participated in the negotiations, on his social media page.
During negotiations with Cross-Border Interbank Payment System (CIPS), the parties discussed further practical steps to implement the memorandum of understanding between the National Bank, the National Payment Corporation, and CIPS, as well as prospects for expanding the use of cross-border payment infrastructure, developing settlements in national currencies, and strengthening cooperation in the field of international payments.
As part of the implementation of the memorandum between the National Payment Corporation of Kazakhstan and UnionPay International (UPI)—the global division of China UnionPay responsible for the international development of UnionPay products and services—the integration of QR payments between the two countries will be completed by the end of the year, according to the National Bank of Kazakhstan.
The central banks also signed a new three-year currency swap agreement, with the option to extend it by mutual agreement of the parties.
During meetings with the China Banking Association and the leadership of China’s largest commercial banks, discussions focused on their participation in financing investment projects in Kazakhstan and issuing debt instruments.
CHINA, KAZAKHSTAN, PAYMENT, тенге, Юань
The Kryvyi Rih Mining and Metallurgical Plant, PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk Oblast), ended the January–June period of this year with a net loss of 6 billion 641.858 million UAH, an increase of 57.4% compared to the first half of last year, when it stood at 4 billion 219.136 million UAH.
According to the company’s interim report, a copy of which is available to the Interfax-Ukraine news agency, AMKR’s revenue from ordinary operations for this period amounted to 32,839,717 million UAH, compared to 33,818,076 million UAH in January–June 2025.
The accumulated loss as of the end of June 2026 amounted to 39,482.201 million UAH.
AMKR’s production volumes for the reporting period were as follows: pig iron—311,234 thousand metric tons; rolled steel—381,185 thousand metric tons; and iron ore concentrate—633,045 thousand metric tons. Exports accounted for 66% of total sales. During the reporting period, AMKR sold steel products on the domestic market, in European markets, and to other countries, such as Egypt, Moldova, and Turkey. The products were exported by rail and through Black Sea ports.
As previously reported, ArcelorMittal Kryvyi Rih ended the January–March 2026 period with a net loss of 4 billion 599.057 million UAH, an increase of 54.8% compared to the same period in 2025, when the loss amounted to 2 billion 970.387 million UAH. Revenue from ordinary operations during this period amounted to 13,244.044 million UAH, compared to 15,063.014 million UAH in January–March 2025.
AMKR ended 2025 with a net loss of 8 billion 896.797 million UAH, while in 2024 it amounted to 8 billion 848.963 million UAH. Revenue from ordinary activities for 2025 reached 70 billion 634.443 million UAH, compared to 64 billion 591.407 million UAH in 2024.
At the same time, AMKR ended 2025 with a consolidated net loss of 8 billion 887.789 million UAH, compared to 8 billion 841.794 million UAH in 2024. At the same time, consolidated income from ordinary activities amounted to 70,627,356 million UAH in 2025, compared to 64,599,685 million UAH in 2024. The consolidated uncovered loss at the end of last year stood at 32,927,580 million UAH.
In 2024, the plant reduced its consolidated net loss by 25.5% compared to 2023—to 8 billion 841.812 million UAH from 11 billion 875.984 million UAH. At the same time, net revenue decreased by 54.3%—to 64,599,685,000 UAH from 41,873,521,000 UAH.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, “ArcelorMittal Kryvyi Rih,” and a number of smaller companies, including PJSC “ArcelorMittal Beryslav.”
According to the company, ArcelorMittal Duisburg GmbH (Germany) owns 95.128% of its shares.
The steel complex’s authorized capital is 3 billion 859.533 million UAH.
