Business news from Ukraine

Business news from Ukraine

Spain’s GDP grew by 0.8% in second quarter

According to Serbian Economist , Spain’s economy grew by 0.8% in the second quarter of 2025 compared to the previous three months, according to final data from the national statistics agency INE. The increase in GDP compared to the same period last year is 3.1%.

Consumer spending in Spain in April-June grew by 0.8% compared to the previous quarter, business investment by 1.8%, and government spending by 0.1%.

Exports of goods and services rose by 1.3%, imports by 1.6%.

Industrial production increased by 0.9%, the service sector showed an increase of 1%, and the construction industry by 2.3%.

In the first quarter, the country’s GDP grew by 0.6% quarter-on-quarter and by 2.8% year-on-year.

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Insured losses from cyber risks cover only 1% of economic losses, according to study

The global gap in cyber risk protection is $0.9 trillion, with insured losses covering only 1% of economic losses from cyber incidents. This is stated in the report “Strengthening Cybersecurity: Key Indicators for Policymakers” prepared by the Zurich Insurance Group together with the Cyber Threat Alliance and the CyberGree Institute and published on the Zurich website.

It calls for the introduction of standardized national cybersecurity indicators.

As noted, the report relies on reliable quantitative data to improve standards and best practices. Although organizations such as ENISA and CISA set frameworks at the corporate level, national indicators for policy-making are virtually non-existent.

Zurich’s new report presents six key indicators and an institutional framework for governments to help clarify national cyber risks, strengthen resilience, and ensure informed policy decisions. Specifically, the creation of National Cyber Statistics Offices—specialized agencies to collect these metrics—will ensure consistent incident reporting, threat and resilience tracking, publication of key analyses, and assessment of security regulation effectiveness. These offices could also support a supranational body for aggregating results, enabling deeper global comparison and understanding of evolving threats.

 

 

 

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Women’s leadership in digital: join Women in Tech 2025 even after the launch

Women are becoming increasingly visible in the digital world, so it’s time to make an even bigger statement. The Women in Tech 2025 educational program from Huawei UkraineWiT, and WoMo, supported by the Ministry of Education and Science of Ukraine, has already begun, but it’s not too late to join. Each participant who registers now will have access to the archive of previous classes and will be able to join the next modules in real time.

This year, the project brings together 2,000+ Ukrainian women who want to master digital professions, start their own businesses, and make their mark in the world of technology. The program includes 8 modules, 30+ speakers, 30+ hours of training with mentoring support, and final pitches. The experience, age, and skill level of the participants do not matter; the main thing is the desire to take action.

The Women in Tech program, part of Huawei’s global initiative, has been inspiring and educating Ukrainian women for the third year in a row to conquer the digital environment, develop their online businesses, and create change around them. From September 4 to October 30, participants will immerse themselves in the world of the digital industry — from their first steps in the digital world to creating a roadmap for building an online business.

Жіноче лідерство у диджиталі: приєднуйся до Women in Tech 2025 навіть після старту

Ukrainian women abroad and in Ukraine, students, mothers on maternity leave, entrepreneurs, women who work or are in creative pursuits — anyone who dreams of starting their own business or a new career in technology — are invited to participate.

Why join now:

The archive of materials already covered is open for review by registered participants, and interesting modules and relevant real-time workshops are still ahead.

Comprehensive training — from understanding yourself in the digital world to creating and implementing your own ideas.

Knowledge of current topics for 2025 — green energy, cybersecurity, accessibility, gender equality, digital trends.

Community, mentoring support, and opportunities for growth.

The opportunity to master relevant digital skills in design, programming, marketing, AI, and social media promotion that are in demand on the market.

Access to grants — templates, expert advice, and support when applying for programs focused on women starting their own businesses.

Women in Tech 2025 program modules

1. Start a career in digital — getting started in the digital sphere, first steps in finding a job, understanding your strengths.

2. Overview of professions in digital — main specialties, promising areas, choosing a field based on interests.

3. Trends and tendencies in digital — current technologies, new platforms, the impact of AI on the market.

4. Psychological aspects of career growth — managing emotions, stress resistance, motivation.

5. Women’s leadership — the role of women in business, strategies for influence, overcoming barriers.

6. Digital inclusion — accessibility of technologies, barrier-free environment, involvement of different groups.

7. Starting your own business and grant support — business plan, finding funding, applying for grants.

8. Digital transformation and its impact on business — process automation, analytics, adaptation to change.

Speakers and mentors include:

Tony Cao, CEO of Huawei Ukraine;

Roksolana Shvadchak, Director General of the Digital Transformation Directorate at the Ministry of Education and Science;

Oksana Zabolotna, co-founder of Women in Tech Ukraine, marketing director at Qubit Labs;

Iva Kozlovska, co-founder of Women in Tech Ukraine;

Yevheniia Ivakhnenko, CSO at Huawei Ukraine;

Anna Tsitsenko, head of communications at the Ukrainian Entrepreneurs Union;

Marta Levchenko, founder of the international center “City of Good” and the charitable foundation “I am the future of Ukraine”;

Valeria Kushnerchuk, executive director of the Diia.City.Union Association;

Margarita Kupriyuk, chief executive officer of “Information Technologies of Ukraine”;

Oleksii Veretelnik, Head of the Atmosfera Academy;

Yulia Smoylovska, Co-Founder of Results Elevator;

Anna Panchenko, Project Manager at Women in Tech Ukraine;

Nikya Purmambetova, Founder & CEO of Modest Beauty Corp;

Natalia Trubnikova, Co-founder of Go Global Today;

Denis Gryshchenko, Managing Partner, Solex Group;

Natalia Novgorodska, Co-founder, UpPro School;

Natalia Zub, Technical Director and Co-owner, Sprout Dynamics;

and other speakers representing government and business.

Program dates: September 4–October 30, 2025.

Participation is free of charge upon prior registration. Sign language interpretation will be provided.

Registration and details: follow the link.

About the organizers

Huawei is a global technology leader and initiator of the global Women in Tech program.

WiT Ukraine is a community that develops digital opportunities for women.

WoMo is a leading women’s business media outlet in Ukraine.

Interfax-Ukraine is the official information partner of the program.

Weekly cryptocurrency market analysis from Fixygen

The Fixygen project analyzed all cryptocurrency market trends over the week and prepared an analysis for investors and the media. The cryptocurrency market ended last week with mixed sentiments: leading digital assets showed mixed dynamics, investors continue to assess signals from the US Federal Reserve, the global stock market, and industry news.

According to CoinMarketCap, the total capitalization of the cryptocurrency market at the end of the week was about $2.43 trillion, which is 1.5% higher than seven days ago. At the same time, the daily trading volume remained volatile and fluctuated between $70-90 billion.

Bitcoin rose to $66,000 during the week, but corrected to $64,500 on Friday, which is 0.7% lower than the previous week. Analysts note that the asset is holding in the $63,000–67,000 range, and the key driver for further movement will remain the dynamics of US inflation and expectations regarding interest rates.

Ethereum, amid news of growing interest from institutional players, managed to rise above $2,600, but failed to consolidate above this level — the week ended with a quote of $2,550. As a result, the asset showed moderate growth of about 2.1%.

Altcoins behaved in different ways. Solana rose in price by almost 5% amid increased activity in the ecosystem of decentralized applications. Ripple and Cardano added about 1%, while Dogecoin and Shiba Inu fell within the range of 2-3%.

Stablecoins maintained their positions: USDT’s share in the market structure remains at 68%, indicating high liquidity and continued cautious demand from investors.

Experts emphasize that the cryptocurrency market continues to react to the macroeconomic situation and news about regulation. In particular, discussions of new rules for disclosing information about digital assets in the US are putting pressure on short-term expectations.

In the medium term, market participants will focus on upcoming US employment reports, Fed minutes, and global inflation statistics. These factors could set the direction for Bitcoin and key altcoins in October.

Thus, last week on the crypto market was a period of relative stabilization with limited fluctuations, while in the coming weeks, investors are waiting for new drivers for growth or correction.

Source: https://www.fixygen.ua/news/20251003/nedelnyy-analiz-rynka-kriptovalyut-ot-fixygen.html

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Austrian Raiffeisen Bank again fails to sell stake in Russian business

Austrian bank Raiffeisen Bank International (RBI) has again failed to sell its stake in its Russian business due to opposition from the Russian authorities, according to Reuters, citing sources familiar with the situation.

RBI attempted to sell part of its Russian subsidiary to a local buyer in order to withdraw billions of euros in profits that were “frozen” in Russia. However, the deal requires approval from Russian regulators, which has not been obtained. According to the sources, Russia opposed the move, fearing that the transfer of the stake to the Russian side could provoke Western sanctions against RBI, thereby undermining important channels of financial ties with Europe.

Sources note that Raiffeisen plays a key role in processing payments for Russian gas, including through the TurkStream gas pipeline, making it an important “financial bridge” between Russia and Europe.

RBI’s press service said the bank is scaling back its operations in Russia and that any deal to sell the business “depends on many regulatory approvals, including the approval of the Russian authorities.”

Since the start of the war in Ukraine, Raiffeisen has accumulated about €7 billion in profits, which are “blocked” in Russia due to the inability to repatriate them. The bank handles significant transactions related to gas supplies to Europe via pipelines — part of Russian exports, estimated to be worth several billion dollars a year.

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Analysis of Ukrainian construction market in first half of 2025

The construction market in Ukraine in the first half of 2025 showed mixed dynamics: on the one hand, there was noticeable growth in residential construction and activity in the vast majority of projects, and on the other hand, there was a slowdown in engineering infrastructure and persistent problems with demand. Below are the main findings and forecasts from the Experts Club analytical center.

According to the State Statistics Service, the volume of construction work performed in Ukraine in January-June 2025 reached ≈92.998 billion UAH, which is 8.15% more than in the same period of 2024. However, different sectors show different dynamics.

For example, the area of new construction of apartment buildings increased by ~45–46% compared to the first half of 2024, to ≈2.86–2.97 million square meters. At the same time, the volume of work on engineering infrastructure (roads, communications, etc.) in January-May 2025 decreased by ≈17.8% compared to the same period last year. At the same time, work on non-residential buildings increased by ~29.5%.

Experts also point to many problems in the industry, the most important of which are:

1) Demand for primary housing lags significantly behind supply: many new properties are being built, but buyer activity is not keeping pace with the growth in supply.

2) Inflation (general and construction prices) and rising material costs are affecting construction costs and completion times.

3) The labor shortage is growing month by month, which could have a significant impact on the industry as a whole.

Forecasts for the second half of 2025 and the end of the year

Annual growth in the construction industry (including all segments: housing, infrastructure, commercial construction) is expected to be ≈16% in nominal terms, mainly due to the low base effect and active participation of international aid and state funding.

Private developers are likely to continue expanding their housing supply, especially in large cities and regions with high demand (Kyiv, Lviv, Ivano-Frankivsk, etc.).

The infrastructure segment may remain weak unless government orders and investments, including international ones, are accelerated.

The building repair and renovation sector may receive an additional boost from reconstruction and restoration programs following destruction and wear and tear.

The Ukrainian construction market in the first half of 2025 is showing some signs of recovery, especially in the residential segment: the volume of work has increased, the construction of apartment buildings has increased, and business confidence has improved. However, the sustainability of growth is still limited: engineering infrastructure is the weakest link, and there are risks of declining profitability and slowdown if issues with material prices, staffing, and the legislative and regulatory environment are not resolved.

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