Business news from Ukraine

Business news from Ukraine

Italy is interested in investing in Ukraine and is ready to invest resources without delay – Meloni

Italy is interested in investing in Ukraine and is ready to invest resources without delay, sign agreements, and provide financial guarantee instruments for companies that plan to invest in Ukraine’s reconstruction measures, Italian Prime Minister Giorgia Meloni says.

“Italy, as a country, is also ready to contribute and start now and rebuild what was destroyed – roads, bridges, hospitals, all these buildings,” Meloni said at the Ukraine Recovery Conference (URC2025) during a joint statement with Ukrainian President Volodymyr Zelensky to reporters in Rome on Thursday.

She noted that Italy has already taken Odessa under its patronage to restore cultural and heritage objects. “And we want to even go further, we want to expand our contribution: this is energy, critical infrastructure, transportation, agriculture, also health care. Of course, I won’t list all the initiatives now, but I want to remind you that we are doing a lot of things that are symbolic in terms of humanitarian aid,” the head of the Italian government said.

Meloni also noted that Italy will help in the heroic resistance to Ukraine. “We have done it in different senses and we will also do it on industry and also defense sector and cooperation. We have also talked about this, and this is evidenced by a number of agreements signed today, this is a central theme. And, of course, we will continue our investments, because we understand how important it is to do everything possible so that Ukraine can fight, fight back, defend itself,” she said.

According to the Italian Prime Minister, peace in Ukraine should be “long, lasting, just”, in particular through deterrence.

 

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De’Longhi, Kenwood, Braun, Nutribullet showrooms to be opened in Ocean Mall in Kyiv, company’s press service said

The Ocean Mall in Kyiv is planning to open a branded showroom of De’Longhi, Kenwood, Braun, Nutribullet household appliances and health and beauty products, the company’s press service reports.

According to the press release, the functional location of the new showroom with an area of more than 100 square meters will offer customers a carefully selected range of branded products: coffee machines, kettles, coffee makers, kitchen appliances, blenders, epilators, razors, electronic toothbrushes, etc. It is noted that the showroom format allows you to combine the benefits of online and offline shopping and provide a more personalized service, test selected products, and get exclusive positions. Even more products can be ordered on the company’s branded websites and picked up with free delivery in the store.

This is the third offline store of the chain in the capital: The first one opened in 2017 and became the first showroom-style retail space in Ukraine and Eastern Europe.

Ocean Mall is a retail resort format shopping center. The total area is 300 thousand square meters, with a parking lot for 4 thousand cars. The mall will combine 800 shops and 50 restaurants. Among the largest tenants are Silpo grocery supermarket, flagship stores of the world’s largest retailers in the segments of fashion, sports, and home furnishings. More than 30 thousand square meters in Ocean Mall are dedicated to entertainment, including the Galaxy amusement park for the whole family and a seven-screen multiplex cinema.

Source: https://interfax.com.ua/news/economic/1086463.html

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OTP Bank launches loan program for used electric cars

JSC OTP BANK offers favorable financing conditions for those who want to drive a modern and reliable used electric car as soon as possible without overpaying for a loan. The reduced interest rate is a strong argument in favor of purchasing an eco-friendly car with the support of the Bank, said Vitaliy Skorobohatyi, Head of Car Lending Development Department of OTP Bank.

“An electric car on credit is not only about the opportunity to become the owner of a car today and about comfort, but also about a profitable investment in the future. At OTP BANK, we have created conditions that really help our customers make this choice easier: a reduced interest rate, a minimum down payment, no requirements for hull insurance and car age. This means that you can buy an electric car quickly and without hidden overpayments. We are happy to support customers who choose environmentally friendly solutions,” said V. Skorobohatyi.

Terms of lending for used electric cars at OTP BANK:

  • interest rate – 25.99% per annum;
  • down payment – from 10%;
  • one-time fee – 2.99%;
  • loan amount – from UAH 10,000 to UAH 1,000,000;
  • loan term – from 1 to 7 years;
  • real annual interest rate – from 30.78% to 37.22%.

Buying an electric car is not only about caring for the environment and sustainable development, but also about a number of benefits for the owner. Such cars combine modern technological solutions that make driving comfortable, convenient, and much quieter than traditional cars. It also saves on fuel and car maintenance.

How can I quickly find out my loan amount?

You can calculate the preliminary amount of financing in just one minute using a convenient bot or calculator on the OTP BANK website. The Bank’s specialists will provide detailed advice on the loan and help you choose the optimal term and amount of monthly payments.

The client receives the final decision of the Bank on the possibility of financing and the transfer of funds for the car within one day.

We would like to remind you that OTP BANK offers from UAH 10,000 to UAH 1,000,000 loan for any used car. It is also possible to become the owner of a new car from a car dealership with the support of the Bank. The motorcycle season is in full swing, so the financial institution has prepared favorable conditions for those customers who are interested in buying a motorcycle on credit.

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The cost of insuring ships in the Red Sea has risen sharply

The cost of insuring ships passing through the Red Sea has risen sharply after the resumption of attacks by the Houthis, the Financial Times writes, citing data from Marsh McLennan, the world’s largest insurance broker. According to the company, insurance premiums for risks reached 1% of the value of the ship against a maximum of 0.4% before the attack on the Greek cargo ship Magic Seas on July 6.As a result, the insurance of the ship worth $100 million rose from $300 thousand to about $1 million per voyage, said Marcus Baker of Marsh McLennan.The attack on the Magic Seas, owned by Greek Stem Shipping, was the first since December last year. The ship caught fire and sank in an attack using small arms and rocket-propelled grenades, as well as unmanned boats packed with explosives. Another Greek vessel, the Eternity C, was attacked on Monday, killing three crew members. The Houthis have not yet claimed responsibility for the second attack.Baker warned of further increases in insurance rates if transit through the Red Sea continues. The region remains critical to global trade, and escalation threatens to spike oil prices and disrupt supplies.

 

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July trends in cryptocurrency market review by Fixygen

Bitcoin: a new high and institutional growth

  • On July 9, BTC reached a record high of $112,000 and is now hovering around $111,000.
  • The rise was caused by an influx of institutional investors: ETF holdings have exceeded $14.4 billion, and more than 135 companies are holding BTC in reserve.
  • Analysts expect that if the positive sentiment continues, BTC could reach $120-131,000 in July and even $200-250,000 by the end of the year.

Ethereum and altcoins

  • ETH is trading around $2,776, having risen in December-July. The integration of Ethereum into spot-ETFs and CME futures is boosting demand.
  • AI tools forecast ETH at $3,000-3,200 in July.
  • Altcoins: Solana and XRP show growth after ETF approval, Cardano and IMX are seen as having potential with the breakout of key levels ($0.77 for ADA). BeInCrypto also highlights CELO and DOGE.

Overall trend: the bull market continues

  • The total market capitalization grew by +2.6% in June, but remains sensitive to geopolitics.
  • Central banks (e.g., Australia) are promoting CBDC, which increases interest in cryptocurrencies.
  • Mass institutionalization: Bitcoin is already replacing assets on corporate balance sheets.

Forecasts for July 2025

  • Bitcoin: technical target is $118-131,000; with favorable trade dynamics and lower inflation, a breakthrough to $120,000 is possible.
  • Ethereum: expected to strengthen to $3,000, especially if institutional support increases.
  • Altcoins: XRP may rebound from $2.26 to $3+, ADA to $0.77, SOL and IMX – if resistance is broken through.
  • Risks: Correction is possible based on profit analysis and fiscal changes. The activity of “old” BTC wallets (~200 million USD) adds to the uncertainty.

Source: https://www.fixygen.ua/news/20250710/oglyad-lipnevih-trendiv-na-rinku-kriptovalyut-vid-fixygen.html

IC “Euroins Ukraine” will insure transport “Cherkasyyelektrotrans”

On July 9, the municipal enterprise Cherkasyelectrotrans announced its intention to conclude a contract with IC Euroins Ukraine for the purchase of services of compulsory civil liability insurance of owners of land vehicles (OSAGO). According to the electronic public procurement system “Prozorro”, the company’s price offer amounted to UAH 1.19 million against UAH 1.681 million of the expected cost of purchasing the service.

IC “Euroins Ukraine” is a universal insurance company, which has been operating in the Ukrainian market since 1992. It is a part of Bulgarian insurance group Euroins, one of the largest independent insurance groups in the countries of Central, Eastern and South-Eastern Europe.

 

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