JSC “OTP BANK” presented a range of opportunities for motorists at one of the most famous car festivals in the country KYIV CAR FEST: from a convenient online platform for searching for used cars to favorable lending conditions. The event, in which the bank was a financial partner, took place on September 20-21 in the capital’s Retroville shopping center.
“We tried to combine the world of cars and emotions with practical financial solutions, and to prove that the dream of owning a car is quite achievable. Love for cars is easily combined with real opportunities provided by OTP BANK. As you can see, modern financial instruments are gradually becoming an integral part of the automotive culture and greatly simplify the way for each of us to own a car,” said Oleg Klymenko, Member of the Management Board responsible for retail business development of OTP BANK.
The interactive zone of OTP BANK was open for two days at the outdoor location of KYIV CAR FEST, where guests got acquainted with the functionality and offers of the used car marketplace Ponova by OTP Bank, received information on bank financing and individual consultations on the most profitable instruments that help to realize the desire to have their own car. In addition, there were special drawings that allowed many attendees to receive a special offer to their loan for a used car.
KYIV CAR FEST vol.6 once again demonstrated the diversity of automotive culture – from classics to ultra-modern models, from artistic experiments to technical innovations. This time, the festival was dedicated to the philosophy of form and the materials used to create exclusive stories: extensions, body kit, carbon fiber, fiberglass, film, paint, and work with the exterior design of cars. The owners of the unique cars presented real masterpieces of their collections. Visitors had the opportunity to get acquainted with rare models and learn more about the possibilities of buying a car.
OTP BANK will continue to support events that inspire Ukrainians to move forward, open new horizons and realize their dreams.
We would like to remind you that in May 2025, OTP BANK provided financial support for KYIV CAR FEST vol.5. The guests of this atmospheric event had the opportunity not only to see exclusive cars, take pictures near iconic models, but also to get advice from the bank’s specialists on the possibilities of obtaining funds for the purchase of used cars in Ukraine or ordering cars from the USA or other countries or from OTP BANK’s partners or on the Ponova by OTP Bank used car marketplace.
DTEK Energy’s machine builders manufactured and repaired 2,050 pieces of mining equipment in January-August this year, including six new roadheaders, according to the company’s press release. In addition, 1.7 million spare parts and components were manufactured.
“We continue to consistently strengthen the reliability of thermal power generation in wartime conditions,” DTEK Energy CEO Alexander Fomenko is quoted as saying in the statement.
The press release notes that the company’s machine builders have recently begun serial production of Ukrainian electric motors for GSO, which completely replace expensive imported equipment.
The new motors, with a capacity of 75 to 200 kW, are designed for cleaning combines, belt conveyors, and pumping stations.
“They have already received certificates for climate compliance and explosion protection. In terms of quality, they are a full-fledged analogue of expensive foreign equipment. But now they are Ukrainian and more affordable. This result is the culmination of three years of work by machine builders,” the statement said.
As reported, in the first half of 2025, DTEK Energy invested UAH 2.9 billion in Ukrainian coal mining, and in 2024, investments in Ukrainian mines amounted to about UAH 7.5 billion, and over the last three years (2022-2024) – UAH 18 billion.
Since the beginning of this year, DTEK Energy miners have put seven new coal seams into operation. DTEK Energy provides a closed cycle of electricity production from coal. The company’s installed capacity in thermal generation as of January 2022 was 13.3 GW.
A complete production cycle has been created in coal mining: coal extraction and enrichment, machine building, and maintenance of mining equipment.
On September 22 the Supervisory Board of Insurance Company “VUSO” (Kyiv) has decided to create Obolon branch (Kyiv) and Stryi branch (Stryi, Lviv region), as it is reported in the insurer’s information placed in the system of NCSSM.
It is specified that the decision has been made in order to expand representation in the region.
The separate subdivision will conclude insurance contracts, provide consultations to consumers, take part in settlement of claimed events.
K “VUSO” was founded in 2001. It is a member of MTSBU and NASU, a participant of the agreement on direct settlement of losses and a member of the Nuclear Insurance Pool.
China remains the undisputed leader among Ukraine’s trading partners in terms of import volume. In the first six months of 2025, Ukraine imported Chinese goods worth US$8.15 billion. This is more than twice the figures for Poland ($3.58 billion) and Germany ($3.18 billion), which ranked second and third, respectively.
High import volumes were also recorded from Turkey ($2.53 billion) and the United States ($2.31 billion). Italy, the Czech Republic, Slovakia, Bulgaria, and France round out the top ten key suppliers with volumes ranging from $1.2 billion to $979 million.
“The formation of such an import structure indicates Ukraine’s excessive dependence on Chinese goods, especially in the electronics, technology, and industrial products segments. Such an imbalance poses risks to economic stability, as any political or logistical restrictions will immediately affect the domestic market,” emphasized Maksim Urakin, founder of Experts Club and economist.
At the same time, experts point to the diversification of supplies from European Union countries. Poland, Germany, Italy, and France together account for more than $8.5 billion in imports, forming a significant segment of the domestic consumer and industrial market.
Economists predict that, provided the hryvnia exchange rate remains stable and import flows continue at current levels, the trade deficit with China will continue to grow. This will require an adjustment of state trade policy towards stimulating domestic production and searching for alternative markets.
ACTIVE GROUP, CHINA, ECONOMY, EU, EXPERTS CLUB, GERMANY, IMPORTS, POLAND, SunFlower Sociology, TRADE BALANCE, TURKEY, UKRAINE, USA, МАКСИМ УРАКИН
In January-June 2025, BBC Insurance (formerly Brokbusiness Insurance, Kyiv) collected UAH 444.23 million in gross premiums, which is 86.9% more than in the same period a year ago, according to Expert-Rating in its report confirming 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 grew 2.3 times in the company, while in the structure of gross premiums it decreased by 0.34 percentage points (pp) to 2.04%.
In the first half of the year, BBC Insurance made 89.2% more insurance payments and reimbursements than in the same period a year ago, and the level of payments increased by 0.43 p.p. to 35.62%.
The company’s equity as of the reporting date increased by 19.92% to UAH 175.52 million, and its gross liabilities increased by 61.60% to UAH 358.22 million. Cash and cash equivalents increased by 61.36% to UAH 341.05 million, while the ratio of cash to liabilities decreased by 0.14 percentage points to 95.21%.
Thus, as of the beginning of the second half of 2025, IC “BBS Insurance” was secured by highly liquid assets, which covered 95.21% of its liabilities.
At the end of the first half of 2025, the company’s net profit increased by a third (+33.42%) compared to the same period in 2024, reaching UAH 23.9 million, while the company’s operating profit was slightly lower at UAH 10.67 million (-7.22%).
BBS Insurance has been operating in the Ukrainian insurance market for over 25 years and is represented in all regions of the country.
