Business news from Ukraine

Business news from Ukraine

Ilo unemployment rate, pp, %

Ilo unemployment rate, pp, %

VUSO Insurance Company to Provide UAH 153.6 Million in Insurance Coverage for Oschadbank Employees

On July 30, Oschadbank JSC announced its intention to enter into a contract with VUSO Insurance Company for the provision of voluntary health insurance services, according to the Prozorro electronic public procurement system.
It is noted that the company’s bid amounted to 153.566 million UAH, while the bank had budgeted 153.9 million UAH for these needs.
Other participants in the tender included Insurance Company “Kraina” with a bid of 146.348 million UAH, which was rejected, as well as Insurance Company “Euroins Ukraine” with a bid of 153.699 million UAH and “Arsenal Insurance” with a bid of 153.759 million UAH.
As previously reported, VUSO Insurance Company won a similar tender a year earlier.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine (MTIBU) and the Ukrainian Insurance Federation (UIF), a participant in the direct claims settlement agreement, and a member of the Nuclear Insurance Pool.

 

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“NovaPay Credit” Increased Its Half-Year Profit 3.2-Fold

“NovaPay Credit,” a subsidiary of the international financial services company “NovaPay” (TM NovaPay) within the Nova Group, which is the issuer of NovaPay bonds, increased its net profit 3.2-fold in the first half of 2026 compared to the same period in 2025—to 172.01 million UAH, according to its interim condensed financial statements.

According to the report, revenue for the first half of the year increased 2.2 times compared to the same period last year—to 586.42 million UAH.
Gross profit increased 2.9-fold to 265.41 million UAH, while operating profit rose 3.2-fold to 229.17 million UAH.

The report notes that in the second quarter of 2026, the company increased its net profit by 4.9 times compared to the same period in 2025—to 97.50 million UAH—amid a 2.4-fold increase in revenue—to 312.96 million UAH.
Gross profit in the second quarter of 2026 also increased 4.3-fold to 151.35 million UAH, while operating profit rose 4.9-fold to 129.91 million UAH.

According to the report, equity for the first half of this year rose from 516.5 million UAH to 688.5 million UAH, while liabilities increased from 1 billion 371.0 million UAH to 1 billion 690.8 million UAH.
It is noted that the company increased proceeds from bond sales in January–June of this year to 693 million UAH from 355.63 million UAH in the first half of last year, while expenses for their redemption also rose—to 578.80 million UAH from 244.92 million UAH, respectively.

As for proceeds from repo agreements involving bonds—which the company offers as an alternative to bank deposits—they rose in the first half of 2026 to 882.32 million UAH from 705.88 million UAH, while expenses under such agreements rose to 727.59 million UAH from 422.03 million UAH.
Among other things, the report also notes that in July, a decision was made to issue Series “R” bonds on the “Perspektiva” Stock Exchange (PJSC) with a par value of 200 million UAH; The bonds were issued in the traditional denomination of 1,000 UAH each, with a maturity date of September 3, 2029.

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“Continental Farmers Group” Has Begun Planting Winter Crops for 2027 Harvest

The agricultural holding “Continental Farmers Group” has begun its winter crop planting campaign for the 2027 harvest, with winter rapeseed as the first crop; the company plans to allocate 32,000 hectares for it, according to its press service.

In total, the company is allocating 95,200 hectares for winter crops in 2027. In addition to rapeseed, the crop mix includes 49,900 hectares of winter wheat and 13,300 hectares of winter barley.
“Sowing of grain crops will begin on schedule in early September, after the fields have been cleared of previous crops. We have traditionally developed our operational plans based on a proven balance in the crop mix,” the agricultural holding’s press service quoted Chief Operating Officer Kostyantyn Shytiuk as saying.

It is noted that the planting season began at the typical time seen in recent years and is proceeding under favorable agroclimatic conditions. Thanks to sufficient soil moisture, most divisions expect to see good emergence of winter rapeseed, and the main planting will take place during the first and second decades of August.
As previously reported, the agricultural holding “Continental Farmers Group” (CFG) has joined the global structure of the international agri-food company Olam Agri as a separate business unit.

“Continental Farmers Group” was established in November 2018 as a result of the merger between the ‘Mriya’ agricultural holding and CFG, following “Mriya’s” agreement with international investor Salic UK regarding the sale of its assets.
Continental Farmers Group operates in the Ternopil, Lviv, Ivano-Frankivsk, Khmelnytskyi, and Chernivtsi regions, grows grain and oilseed crops, engages in primary and secondary potato processing, and employs approximately 2,600 people.

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Olga Stefanishyna Has Been Relieved of Her Duties as Ukraine’s Ambassador to U.S

Ukrainian President Volodymyr Zelenskyy has signed a decree relieving Olga Stefanishyna of her duties as Ukraine’s Ambassador Extraordinary and Plenipotentiary to the United States.

The corresponding decree, No. 696/2026, has been published on the president’s website.

In a Facebook post, Stefanishyna announced that she had decided to step down as Ukraine’s ambassador to the United States due to personal circumstances.

“This is my own decision, dictated by personal circumstances that I have mentioned previously,” she noted.

According to Stefanyishyna, representing Ukraine in Washington during a full-scale war was the greatest honor of her life.

At the same time, the diplomat emphasized that the main tasks she came to Washington to accomplish have been fulfilled. In particular, she said, she succeeded in increasing U.S. arms supplies and maintaining support for Ukraine amid changes in the U.S. political landscape, enshrining that support in law, and shifting Ukraine’s role “from a country that receives aid to a country in which investments are made and whose technologies are purchased.”

Stefanyishyna also stated that she would comment separately and publicly on issues that have recently been raised in the media, and assured that she would continue to work for the benefit of Ukraine “wherever she can be of use.”

Olga Stefanyishyna was born on October 29, 1985, in Odesa. In 2008, she graduated from Taras Shevchenko National University of Kyiv with a degree in international law and as an English translator; in 2016, she received a specialist degree in finance and credit from Odesa National Economic University.

From 2006 to 2007, she worked in private legal practice. Since 2007, she has worked at the Ministry of Justice of Ukraine, where she held positions in departments responsible for European integration and international law. From 2017 to 2019, she headed the Office for European and Euro-Atlantic Integration at the Secretariat of the Cabinet of Ministers of Ukraine.

In June 2020, the Verkhovna Rada appointed Stefanyishyna as Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine and included her in the National Security and Defense Council.

In 2021, Stefanyishyna was appointed to the Political Council of the “Servant of the People” party.

In 2024, the Verkhovna Rada appointed Stefanyishyna as Minister of Justice of Ukraine following the dismissal of Denys Malyuska. She retained her position as Deputy Prime Minister for European and Euro-Atlantic Integration.

In July 2025, Stefanyishyna lost her positions as Minister of Justice and Deputy Prime Minister following the resignation of Denys Shmyhal’s government. Subsequently, President Volodymyr Zelenskyy appointed her as the President of Ukraine’s Representative for the Development of Cooperation with the United States, and in August 2025, as Ambassador Extraordinary and

Ambassador Extraordinary and Plenipotentiary of Ukraine to the United States.

On July 23, 2026, Zelenskyy announced that he had offered Yulia Svyrydenko the position of U.S. Ambassador to Ukraine.

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Romania Plans to Cover Its Electricity Shortfall with Imports from Ukraine

Romania’s Nuclearelectrica plans to use electricity imported from Ukraine to cover the shortfall caused by the shutdown of the first power unit at the Cernavoda Nuclear Power Plant and, accordingly, to mitigate the impact of this shortfall on the Romanian electricity market, the company announced on Facebook on Monday.
“Nuclearelectrica is purchasing electricity from Ukraine; this purchase is being carried out with the support of Energocom, an electricity supplier from the Republic of Moldova,” Nuclearelectrica noted.
According to the company, the energy situation in Romania has been complicated by a severe drought and falling water levels in rivers, particularly the Danube. The first power unit at the Cernavodă Nuclear Power Plant was shut down as scheduled a week ago.
In addition, as Hungarian Prime Minister Péter Magyar previously reported, due to record-low water levels in the Danube, Hungary will be forced to completely shut down the country’s only nuclear power plant—Paks—for the first time in the plant’s 44-year history. The shutdown, he said, could last several weeks.
The Paks Nuclear Power Plant generates nearly half of all of Hungary’s electricity—its shutdown could lead to a serious power shortage.
As previously reported, between July 20 and 26, Hungary remained the primary destination for Ukrainian electricity exports, with 22,500 MWh (40% of total exports) supplied there.
Exports to Moldova totaled 19,600 MWh (34.8%), and to Romania, 11,100 MWh (19.7%).
Overall, Ukraine maintained its status as a net exporter of electricity for three consecutive weeks from July 6 to July 26; specifically, from July 20 to July 26, the volume of Ukrainian electricity exports exceeded imports by 70%.

 

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