Business news from Ukraine

Business news from Ukraine

TAS Insurance Group Increased Insurance Payouts by 74.1% in June

In June 2026, the TAS Insurance Group (Kyiv) paid out 343.5 thousand UAH under its insurance contracts, which is 74.1% more than during the same period in 2025.

According to the insurer’s website, 19.3% of total payouts were for comprehensive auto insurance (CASCO), or 66.4 million UAH (34.5% more than in May 2025); 49.1% were for mandatory third-party liability insurance (OSCPV), or 168.7 million UAH (2.1 times more); and “Green Card” insurance—15.9%, or 54.6 million UAH (+59.2%).

The share of voluntary medical insurance (VMI) in the company’s claims portfolio was 42.04 million UAH (+41%). Meanwhile, under property insurance policies, the company paid out 3.2 million UAH, which is 3.4 times more than the figure reported for May of last year.

Under other insurance policies, the company paid out 8.57 million UAH during the month—2.2 times more than last year.

TAS Insurance Group was registered in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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NBU Fined FC “Business-Partner” 432.35 thousand UAH

According to Fixygen, the National Bank of Ukraine imposed a penalty of 432.35 thousand UAH and issued a written warning against FC “Business-Partner” LLC.

As reported on the regulator’s website, the sanctions were imposed for submitting regulatory reports to the NBU containing inaccurate data, as well as for failing to ensure the functioning of a comprehensive, adequate, and effective internal control system.

Specifically, the fine was imposed for violating the requirements of paragraph 5 of Section I of the Rules for the Preparation and Submission of Reports by Non-Bank Financial Services Market Participants to the National Bank of Ukraine, approved by NBU Board Resolution No. 123 of November 25, 2021.

The company must pay the fine within one month from the date the decision takes effect. In addition, by July 15, 2026, FC “Business-Partner” must remedy the violations of the requirements for the financial company’s corporate governance and internal control systems, as well as the operational shortcoming specified in the warning.

Business-Partner Financial Company LLC is registered in Ukraine under EDRPOU code 43310379. The company operates in the non-bank financial services market. Such institutions are supervised by the NBU following the transfer of control functions over the non-bank financial sector to the regulator.

Source: NBU

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Albania Becomes 37th “Transport Visa-Free” Country for Ukraine

Ukraine and Albania have signed an agreement on international road transport, which provides for regular freight and passenger transportation, according to Deputy Prime Minister for Recovery and Minister of Community and Territorial Development Oleksiy Kuleba.

“In practice, this means more opportunities for exporting Ukrainian goods, simplifying operations for carriers, developing new transport routes through the countries of Southeast Europe, and improving transport accessibility for citizens of both countries,” Kuleba wrote on Telegram on Tuesday.

According to him, Albania has now become the 37th country with which Ukraine will have “transport visa-free travel.”

It is noted that the ministry is also continuing to work on expanding Ukraine’s international transport links and opening new markets for carriers.

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IFC Is Implementing $2.83 Mln “Digital Finance Future Ukraine” Project in Ukraine

The International Finance Corporation (IFC) is implementing the “Digital Finance Future Ukraine” advisory project in Ukraine with an estimated total budget of $2.83 million, aimed at developing digital financial services and attracting private capital, according to the corporation’s website.

According to the IFC, the project aims to expand access to financing for the general public and small and medium-sized businesses by promoting digital financial services as part of Ukraine’s recovery efforts.

The project involves collaboration with government agencies, financial institutions, fintech companies, as well as participants in the venture capital and private equity markets.

It is noted that the project, approved by the IFC on May 6, 2026, consists of three components.

The first component aims to align Ukrainian legislation and the regulatory environment in the field of digital financial services with European Union standards.

The second component is aimed at modernizing financial infrastructure and attracting private capital to the fintech sector, in particular through the development of open banking, venture capital, and direct investments.

The third component is designed to promote cooperation, innovation, and regional integration of the fintech market, as well as to provide its participants with the tools and knowledge needed to expand digital financial services and broaden access to capital.

The project is expected to be completed by March 31, 2030.

According to data on the IFC website, since the start of the full-scale invasion, the amount of financing provided by the corporation in Ukraine had reached $2.8 billion as of February 2026; in particular, over $1 billion was mobilized from partners and donors.

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Poltava Special Economic Zone “Kernel Group” Will Hold Virtual Meeting on June 24

According to Fixygen, PJSC “Poltava Oil Extraction Plant — Kernel Group” will hold a general meeting of shareholders remotely on June 24, 2026, as reported in the SMIDA disclosure system on June 8.

Details of the agenda are provided in the issuer’s announcement.

Poltava Oil Extraction Plant – Kernel Group PJSC is part of the Kernel agricultural holding and operates in the oilseed processing sector. The company’s primary business is the production of oil and animal fats. The plant is registered in Poltava. As previously reported, the company posted a net profit of 50.71 million UAH for 2025, compared to a loss the previous year.

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EXPORT CHANGES IN % TO PREVIOUS PERIOD IN 2024-2025

EXPORT CHANGES IN % TO PREVIOUS PERIOD IN 2024-2025