Business news from Ukraine

Business news from Ukraine

Indonesia’s Golden Visa program has already attracted nearly $2.9 bln

Indonesia’s Golden Visa program, launched in July 2024, has already attracted nearly $2.9 billion in investments and issued more than 1,000 permits, according to official statistics.

As of September 23, 2025, 1,012 golden visas had been issued, bringing in capital of 48 trillion Indonesian rupiah (approximately $2.9 billion).
Of these investments, 46.5 trillion rupiah (about 96%) came from foreign companies, with the rest coming from private investors.

As part of its revenue, the government also received 12.96 billion rupiah in non-tax state revenue.
The visa is valid for 5 or 10 years, depending on the size of the investment. For private investors, there are thresholds: $350,000 for 5 years and $700,000 for 10 years (in bonds, stocks, deposits, etc.).

For corporate investors, the requirements are higher: $25 million in investments for 5 years and $50 million for 10 years.
The program provides benefits and simplifications: priority at airports, simplified immigration procedures, and legal certainty for investors.

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Number of Green Card agreements decreased in Ukraine in January-September

Insurance premiums accrued under international Green Card insurance agreements concluded by member companies of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) decreased by 3.08% in January-September 2025 compared to the same period in 2024, to UAH 4.139 billion. According to the MTIBU website, the number of Green Card contracts concluded during this period decreased by 4.51% to 1.081 million.

At the same time, the amount of compensation paid on claims increased by 4.43% to EUR 38.987 million, while the number of claims paid decreased by 4.01% to 11,300.

The MTIBU is the only association of insurers providing compulsory civil liability insurance for owners of land vehicles for damage caused to third parties.

The Green Card is a system of insurance protection for victims of road traffic accidents, regardless of their country of residence and the country of registration of the vehicle. It is valid in 45 countries in Europe, Asia, and Africa.

According to the decision adopted by the General Assembly of the Council of the International Motor Insurance System “Green Card” in Luxembourg in May 2004, Ukraine has been a full member of this system since January 1, 2005.

 

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Liberty Finance financial company declares readiness to cooperate with NBU and continue currency exchange operations

Liberty Finance, one of the largest operators on the Ukrainian currency exchange market, has announced that it has passed an inspection by the National Bank of Ukraine (NBU) and will continue to provide financial services in accordance with current legislation.

“Operations are continuing as usual,” the company said in a statement on its website on Friday, after the National Bank announced the previous evening that it was banning the company and its affiliates from providing payment services through the KYT Group internet services due to the discovery of unlicensed activities in the payment market.

Liberty Finance states that it has not received any official decisions from the regulator, but confirms its willingness to cooperate as an open and transparent company.

“All comments will be taken into account in a timely manner, which will further improve current standards of quality and speed of service,” the website states.

As reported, the NBU stated that Liberty Finance provided payment services for the transfer of funds without opening an account, without a license and without proper registration.

LLC “FC ”Liberty Finance” has two licenses from the National Bank to provide financial services: trading in foreign currency valuables in cash; provision of funds and bank metals on credit. KYT Group also includes the pawnshop KYT Group Plus LLC KYT Group and Company.

According to data from YouControl, the authorized capital of FC Liberty Finance is UAH 25 million, and its equity capital at the beginning of this year was UAH 188.65 million. The company ended last year with a net profit of UAH 45.46 million, compared to UAH 153.92 million a year ago. The item “other income” in cash flows from operating activities in 2024 increased to UAH 29 billion from UAH 21.6 billion in 2023.

Source: https://libertyfinance.com.ua/news/

 

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Imports of batteries to Ukraine grew by 63% over nine months, reaching $909.7 million

Imports of electric batteries and separators to Ukraine in January–September 2025 increased by 62.6% compared to the same period last year, reaching $909.7 million, according to the State Customs Service (SCS).

The main supplies came from China ($616.7 million, or 67.8% of the total), Vietnam ($95.9 million, or 10.5%), and Taiwan ($16 million, or 1.7%).

For comparison, in 2024, the largest exporters were China (80.7%), Bulgaria (3.7%), and the Czech Republic (3.3%).

In September 2025, battery imports decreased by 1.7% compared to September 2024, to $114.6 million.

According to GTS data, in 2024, battery imports more than doubled to $950.6 million, reflecting steady demand for energy independence equipment. As with generators, in July 2024, Ukraine temporarily exempted imports of battery equipment from customs duties and VAT to ensure a stable energy supply amid the war and damage to power grids.

https://expertsclub.eu/import-akumulyatoriv-v-ukrayinu-za-devyat-misyacziv-zris-na-63-do-9097-mln/

 

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Ukraine increased imports of generators more than fourfold in January–September

Imports of electric generator sets and rotating electrical converters to Ukraine in January–September 2025 increased 4.2 times compared to the same period in 2024, reaching $1.209 billion, according to data from the State Customs Service (SCS).

According to the SCS, the largest suppliers of equipment were the Czech Republic (19.7% of the total volume, $238.1 million), Romania (18.5%, $223.3 million), and Poland (12.5%, $150.6 million).

For comparison, last year’s leaders were China ($69.8 million), Turkey ($61.4 million), and the Czech Republic ($31.9 million).

In September 2025, imports of generators increased almost threefold compared to September last year, reaching $191.6 million.

Exports of such equipment from Ukraine remain insignificant — $3.52 million in nine months, mainly to the Czech Republic, Latvia, and Bulgaria.

According to the State Customs Service, the sharp increase in imports is associated with the active modernization of energy infrastructure and the continuing demand for autonomous power sources.

The authorities had previously exempted generators and batteries from customs duties and VAT (Cabinet of Ministers resolution of July 2024).

https://expertsclub.eu/ukrayina-v-sichni-veresni-zbilshyla-import-generatoriv-bilsh-nizh-u-chotyry-razy/

 

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Serbia will sign contract with Chinese company to modernize Constantine Great Airport in Niš

According to Serbian Economist, the Serbian government has formed a working group to negotiate and prepare a contract with the Chinese company Shandong Hi-Speed Group for the implementation of the second phase of the expansion and modernization of Constantine the Great Airport in Niš. This was reported by Serbia-Business, citing government sources.

The second phase includes the demolition of the old terminal, construction of a new terminal, major repairs to the runway, a new control tower, and expansion of the apron from the current 4 parking spaces to 9. The total cost of the project is estimated at more than €140 million.

Work is scheduled to begin in 2025, subject to the signing of the final contract.

Niš Constantine the Great Airport (INI / LYNI) is located 4 km northwest of the center of Niš, in the Medoševac and Popovac areas. It is the second busiest airport in Serbia after Belgrade.

In 2024, the airport handled 357,313 passengers, which is ~20% less than in the previous year. According to flight connection resources, the airport serves 14 cities in 10 countries directly, including Belgrade and Vienna, which account for a significant share of arrivals. In 2025, the airport received a new passenger route from Wizz Air, as well as its first cargo route to China.

The new project will allow larger aircraft to be served and increase the number of destinations, especially to countries in Europe and Asia. The participation of the Chinese company Shandong Hi-Speed Group indicates an influx of foreign investment and technological partnership, which may stimulate other infrastructure projects.

https://t.me/relocationrs

 

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