Business news from Ukraine

Business news from Ukraine

Japan Export Credit Agency ready to expand military risk insurance in Ukraine

The Japan Export Credit Agency (NEXI) is ready to expand military risk insurance in Ukraine, which is key to attracting Japanese investment and technology to rebuild Ukrainian industry and infrastructure.

According to the website of the Ministry of Economy, Environment and Agriculture, this was discussed at a working meeting between a Ukrainian delegation led by Economy Minister Oleksiy Sobolev and NEXI President Atsuo Kuroda on October 21, 2025, in Tokyo.

During the meeting, it was also noted that Ukraine is preparing to introduce compensation for enterprises throughout Ukraine where insurance companies operate. A special component of direct compensation will apply to frontline regions. This will make insurance, in particular NEXI, more affordable. Ukraine is interested in using NEXI tools to insure Japanese equipment supplies as part of the Industrial Ramstein initiative.

An agreement was reached to expand cooperation with other export credit agencies, in particular the Polish KUKE and the British UKEF.

“Expanding cooperation with NEXI is a step towards unlocking Japanese investment and supporting industrial recovery. War does not cancel development, but rather the opposite. We are actively looking for solutions that allow us to attract financing and launch projects today,” said Alexei Sobolev.

The information emphasizes that NEXI already covers about half of Japanese exports and investments in Ukraine.

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PrivatBank rose to 37th place in Nilson Report global acquirer ranking

PrivatBank ranked 37th in the ranking of the world’s 150 largest acquirers according to the international analytical publication Nilson Report based on the results of 2024, improving its result from last year by three places.

According to the ranking, PrivatBank provided 3 billion 461.3 million purchase transactions made with bank cards.

The Ukrainian bank is 1.2 million behind Chile’s Transbank, which is in the lead, but is 154.2 million transactions ahead of Brazil’s StoneCo, which is in second place.

PrivatBank remains the only Ukrainian representative in the top 150 ranking of the world’s leading banks and financial acquiring companies in terms of the number of payments made with bank cards in the retail network.

At the end of 2024, the bank also rose to 16th place among the 20 largest acquirers in Europe.

“Acquiring is a very cool business, and we are truly a leader in this sector. It combines the needs of retail customers and business customers. Thanks to the products offered alongside acquiring, customers can buy more and sellers can sell more: credit cards, payment in installments, instant installment plans, and so on,” explained Yevhen Zaigraev, member of the PrivatBank board for corporate business and SMEs, in an interview with Interfax-Ukraine.

According to him, the bank knows its customers well—retailers and their statistics—and has even created a separate focus in the corporate segment, focused on various types of retail.
Zaigraev clarified that, unlike mobile operators, the bank does not sell anonymized data from its database, but, like any other bank, uses the accumulated data for analytics in order to make better decisions based on modeling.

“Data is, of course, an advantage. For example, thanks to this information, we have better risk models to provide even higher quality loans. Thanks to this data, we can predict, and have already created models, which products customers need or do not need. As a result, we sell with a much higher conversion rate: depending on the product, 5-7 times higher,” said a member of PrivatBank’s board.

According to him, taking into account things such as AI (artificial intelligence), the potential for using data is very high.
According to the Nilson Report ranking, Russia’s Sberbank became the world’s largest acquirer with an annual volume of nearly 52.1 billion transactions, followed by JPMorgan in the US with 50.8 billion, and Worldpay with 48 billion transactions.

The Nilson Report is a leading international analytical publication specializing in research on the global market for payment cards, electronic payments, and acquiring.
According to PrivatBank, in the first nine months of 2025, Ukrainians paid for goods and services worth UAH 900 billion through the bank’s acquiring ecosystem, which is 20% more than in the same period of 2024.

At the same time, card payments through the Terminal app increased by almost 70% to UAH 10.8 billion, and through the LiqPay internet acquiring service to about UAH 66 billion since the beginning of 2025.

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Serbia hosted Ukrainian children’s art festival “Veselka”

The Ukrainian children’s art festival “Veselka” was held in Novi Sad, Serbia, organized with the participation of the Ukrainian Embassy and the Ukrainian diaspora. The event became a platform for cultural unity and support for Ukrainian families living in Serbia.

The Veselka festival brought together children and families of Ukrainian origin from different cities in Serbia, offering them master classes, concerts, and interactive zones. The aim of the event was to preserve ties with Ukrainian roots, support the emotional well-being of migrant children, and strengthen the cultural infrastructure of the diaspora.

Exact data on the number of Ukrainian citizens and residents in Serbia varies. According to the Serbian Ministry of Internal Affairs, approximately 22,000 Ukrainian citizens have been registered in the country since the start of the war.

However, statistics on the number of Ukrainians living permanently or under temporary protection are not published regularly.

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Gold lost more than 3% in value amid strengthening dollar and signs of easing tensions

As of 15:43 GMT, the spot price of the precious metal was $4,222.18 per ounce, down 3.1% from the previous session’s close. Earlier in trading, it fell to $4,215.17 per ounce. Gold futures on Comex are down 3.5% to $4,205.8 per ounce.

Investors are taking profits amid a strengthening US dollar and signs of easing tensions.

In particular, US President Donald Trump said he expects to reach a trade agreement with Chinese President Xi Jinping. Ahead of the talks between the two leaders, US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will meet.

In addition, White House economic adviser Kevin Hassett said yesterday that the US federal government shutdown is likely to end this week.

Earlier, the Experts Club think tank presented an analysis of the world’s leading gold-producing countries in a video on its YouTube channel — https://youtube.com/shorts/DWbzJ1e2tJc?si=YuRnDiu7jtfUPBR9

 

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Statement by Nasikowsky family

Our family has suffered a terrible tragedy. Our son, Arseniy Nasikovsky, died tragically at the age of just 21.

This is a pain that cannot be expressed in words. I ask everyone to be understanding of our loss and give us time to be alone with our family. Right now, I need to be with my wife and children to go through this pain together with them. I have a special request for the media: we respect your work, but we ask you to refrain from publishing articles, photos, and comments about our loss.

DIM Group is a Ukrainian full-cycle holding company in the field of real estate development, founded in 2014. The holding company unites several legal entities: manufacturing, architectural, and construction companies, a real estate agency, and a management company.

The founder and key figure of the group is Oleksandr Nasiakovskyi, who is the managing partner. DIM’s project portfolio covers residential real estate in Kyiv and the Kyiv region — over 800,000 m², with a significant part of the properties already commissioned or under construction.

Oleksandr Nasikowsky

Romania plans to introduce “golden visa”

The Romanian government plans to introduce a program called “golden investor visa” (Residency by Investment). According to the article, it will be possible to obtain a residence permit by investing €400,000 or more in the country’s economy. Applicants will have to confirm the legality of the origin of the funds, not be on any sanctions lists, and not pose a threat to national security, the publication reports.

Thus, with the introduction of this program, Romania will join the number of European countries that offer foreign investors a simplified procedure for obtaining a residence permit through investment.
What is a “golden visa” (Residency by Investment)?

This is a type of immigration program where a foreigner is granted a residence permit or residency in exchange for significant investments in the host country — for example, purchasing real estate, contributing to a fund, starting a business, etc.

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