Business news from Ukraine

Business news from Ukraine

JYSK chain raises salaries for employees in Ukrainian stores by average of 15%

The international JYSK chain will raise the salaries of its retail chain employees in Ukraine from February 1, 2026: the salary indexation will average 15% and will cover all store employees, according to Yevgen Ivanitsa, country director of JYSK Ukraine.

“This decision is part of JYSK’s systematic approach to supporting the team, maintaining competitive wages, and investing in the people who provide a high level of service to our customers every day. We value everyone’s contribution and continue to work to create a stable and responsible working environment,” he said on LinkedIn.

Currently, there are 112 JYSK stores in 38 cities in Ukraine, as well as the online store jysk.ua, and the retailer’s network employs over 900 people.

According to the YouControl analytical system, the revenue of JYSK Ukraine LLC in January-September 2025 grew by 24% compared to the same period in 2024, to UAH 5.3 billion, and net profit grew by 22%, to UAH 959 million.

JYSK is part of the family-owned Lars Larsen Group, which has over 3,500 stores in 50 countries. JYSK’s revenue in the 2024/2025 financial year was EUR 6.2 billion.

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In 2025, Uzbekistan doubled its electricity production from solar and wind power

Electricity production in Uzbekistan in 2025 amounted to 86.7 billion kWh, which is 6% more than a year earlier: in 2024, the country produced 81.5 billion kWh of electricity.

Of the total production, 16.8 billion kWh came from renewable energy sources — solar, wind, and hydroelectric power plants. This figure increased by 29% compared to 2024.

At the same time, electricity production by solar and wind power plants alone amounted to 10.5 billion kWh, an increase of 2.1 times. The development of renewable energy has saved 3.2 billion cubic meters of natural gas and prevented the emission of 4.7 million tons of harmful substances.

There are 148 power plants operating in the country with a total capacity of 25,797 MW, including thermal power plants and CHPs (17,551 MW), HPPs (2,441 MW), solar power plants (3,930 MW), wind power plants (1,652 MW), and block stations (223 MW). During the year, 42 new generation projects with a capacity of 4,647 MW were commissioned, including solar, wind, battery, thermal, hydro, and cogeneration facilities. At the same time, 11 substations with a capacity of 1,614 MVA and 420 km of power grids were commissioned, and construction began on 21 more projects with a total capacity of 3,508 MW.

New industrial facilities were launched: a plant producing 155 hydroelectric units per year in the Bostanlyk district, an enterprise producing 15,000 transformers per year in Angren, and the first national hydroelectric power plant with a capacity of 38 MW in the Namangan region, assembled entirely from local components.

Electricity supply reached 77.1 billion kWh (+14%), with the number of consumers exceeding 8.7 million. The installed capacity of small solar panels increased to 2 GW, and the volume of solar collectors to almost 5 million liters. Households and businesses were provided with subsidies for the installation of solar systems in the amount of 322.9 billion soums.

Thanks to the modernization of the networks, the electricity supply to more than 800,000 households in 954 mahallas has been improved, and energy-saving measures have saved 2.7 billion kWh of electricity and 2 billion cubic meters of gas. According to the Ministry of Energy of the Republic of Uzbekistan, the introduction of new capacities has enabled the country to transition to net electricity exports: 2.6 billion kWh are planned to be sent to neighboring countries, which will help reduce energy risks in the region.

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Rozetka Group companies earned UAH 30.2 bln in revenue in first nine months of 2025

Rozetka Group companies earned a total of UAH 30.2 billion in revenue in January-September 2025, which accounts for 76% of the total revenue of the 10 largest online retailers, according to a study by the YouControl analytical team.

“The top 10 online retailers earned almost UAH 40 billion in the first nine months of 2025, of which UAH 30.2 billion (76%) came from two companies in the Rozetka corporate group,” the company said.

According to its data, Rozetka.ua LLC received UAH 21.1 billion in revenue in the first three quarters of last year, and OTC Europlus LLC (operator of the Rozetka retail chain) received UAH 9.1 billion.

The leaders in terms of revenue during the specified period also included Makeup Trading LLC (Makeup online cosmetics and perfumery store) with UAH 3.5 billion, Mauda LLC (Fozzy Group’s marketplace for everyday goods) with UAH 2.2 billion, Ukrzoogroup LLC (Pethouse online retailer of pet products), which received UAH 1.13 billion, and Book Club Family Leisure Club LLC (book retailer) with UAH 1.04 billion.

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Insurance companies ARX and ARX Life paid out UAH 2.1 bln to customers in 2025

Insurance companies ARX (risk insurance) and ARX Life (life insurance) paid out UAH 2.1 billion to customers in 2025, which is 18% more than a year ago, collecting UAH 6.08 billion in insurance premiums (+32%), the company reported.

It is noted that the most powerful driver of ARX’s growth was compulsory civil liability insurance (OSCPV), under which it collected UAH 913.6 million in premiums, 2.6 times higher than in 2024.

CASCO brought the insurer UAH 2.81 billion (+18%), property insurance – UAH 915.1 million (+72%), and voluntary medical insurance (VMI) – UAH 488.4 million (+11%).

ARX Insurance Company also reports that it consistently supports the Armed Forces and people who have gone through the war. In total, since the beginning of the full-scale invasion, UAH 102.63 million has been transferred to help Ukrainian defenders, of which UAH 10.52 million has been allocated to support veterans.

ARX Insurance Company and ARX Life are part of the international insurance holding company Fairfax Financial Holdings Ltd. ARX Insurance Company is one of the top five insurance companies in Ukraine in terms of premiums collected and payments made.

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Brigadier General Dmytro Usov joined commission of competition for young lawyers

Brigadier General Dmytro Usov, Secretary of the Coordination Headquarters for the Treatment of Prisoners of War under the Cabinet of Ministers, has joined the competition commission of the All-Ukrainian legal competition of student law-making initiatives “New Ukraine through the eyes of young lawyers,” according to the Ukrainian Bar Association (UBA).

According to the organizers, this gives contest participants the opportunity to receive feedback from a specialist who is directly involved in implementing the state’s strategic objectives in wartime.

Usov is a personnel officer and brigadier general who, during the full-scale war, is directly responsible for organizing and implementing prisoner exchanges. With his participation, thousands of Ukrainian defenders and civilians have been returned home. Previously, he held the position of deputy head of the Main Intelligence Directorate of the Ministry of Defense of Ukraine.

The competition for student law-making initiatives, “New Ukraine through the Eyes of Young Lawyers,” was established by the Vadym Hetman Kyiv National Economic University with the assistance of the National Bar Association of Ukraine and aims to involve young lawyers in shaping a vision of international legal security guarantees for Ukraine after the end of the war.

As part of the competition, participants prepare legal papers aimed at developing practical law-making initiatives, particularly in the areas of public administration, security, digitalization, human rights protection, and the functioning of the rule of law. The competition involves the preparation of a legal student paper on the creation of a draft international legal agreement on security for Ukraine.

The competition committee is headed by Eva Hofmanska, an international expert on human rights and mechanisms for protecting war victims, founder of initiatives to document war crimes and build mechanisms to help victims. The deputy chair (secretary) is Dmytro Lukyanenko, professor and rector of the Vadym Hetman Kyiv National Economic University (KNEU).

In addition to Usov, the commission also included Lyudmila Kozhura, director of the KNEU Law Institute, and her deputy, Svetlana Zaderayko, head of the secretariat of the National Association of Advocates of Ukraine (NAAA), Ihor Andriyev, chair of the NAAA Youth Committee, Yuriy Radzievsky, chair of the NAAA Information Committee, and Oleksiy Shevchuk, chair of the Center for Legal Information, Professional Development, and Expert Research

of the KNEU Law Institute, NAAU Speaker Oleksiy Shevchuk, People’s Deputy of Ukraine, former Head of the SBU Valentin Nalyvaichenko, Head of the Diplomatic Academy of the MFA Ihor Ostash, Head of the Kyiv Branch of the Notary Chamber of Ukraine (NPU), Chair of the NPU Commission on Informatization, Digital Transformation, and Cybercrime Prevention Natalia Kazayeva.

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Silver hits new record high, futures rise above $89 per ounce

Silver prices hit historic highs amid growing demand for safe-haven assets and expectations of monetary policy easing in the US. According to Reuters, the spot price of silver rose to a record $86.22 per troy ounce on January 12.

At the same time, silver futures on the US market rose above $89 per ounce during trading on January 13, Investopedia reported. A number of industry publications noted that at certain points during the session, silver rose by about 5%, reflecting the metal’s increased volatility. Analysts surveyed by Reuters do not rule out a further movement of prices towards $90 per ounce if the current combination of factors supporting precious metals remains in place.

Reference: The Experts Club analytical center previously released a video analysis of the twenty largest silver-producing countries and their competition for leadership in 1971-2024 – https://www.youtube.com/shorts/HvKK-YET8vs

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