Business news from Ukraine

Business news from Ukraine

BBS Insurance collected UAH 842 mln in premiums in 2025, increasing figure by 45%

Insurance company BBS Insurance (formerly Brokbusiness, Kyiv) collected UAH 842.3 million in gross premiums in 2025, which is 44.89% more than in 2024.

These data were provided by RA Expert-Rating in its information on the confirmation of the insurance company’s financial stability rating at the level of “uaAA” on the national scale based on the company’s performance in 2025.

At the same time, the share of insurance premiums payable to reinsurers increased by 30.76%, while their share in the company’s gross premiums decreased by 0.16 p.p. to 1.40%.

In 2025, the company made 65.17% more insurance payments and reimbursements than in 2024, and the level of payments increased by 4.71 p.p. to 38.35%.

According to RA data, the equity capital of IC “BBS Insurance” grew by 33.62% to UAH 213.85 million, while its gross liabilities increased by 30.02% to UAH 379.65 million. The level of coverage of the insurer’s liabilities by equity capital increased by 1.52 percentage points to 56.33%. Cash and cash equivalents increased by 39.23% to UAH 370.58 million, while the ratio of cash to liabilities increased by 6.46 p.p. to 97.61%.

Thus, as of the beginning of 2026, IC “BBS Insurance” was well provided with highly liquid assets, which covered 97.61% of its liabilities.

The RA also notes that at the end of 2025, the company’s net profit increased 3.73 times compared to 2024 and amounted to UAH 54.64 million. Also, at the end of 2025, the insurer received an operating profit of UAH 28.85 million, while at the end of 2024, an operating loss was recorded.

BBS Insurance has been operating in the Ukrainian insurance market for over 30 years and is represented in all regions of the country. It has a license to conduct insurance activities in 18 classes.

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Azerbaijan has suspended transport across state border with Iran

Azerbaijan has suspended transport across the state border with Iran and closed its airspace at the border. Earlier, Azerbaijan accused Iran of launching drone strikes on the territory of the Nakhchivan Autonomous Republic and said it reserved the right to take appropriate measures. The Azerbaijani Foreign Ministry reported that one drone hit the Nakhchivan airport terminal, while another fell near a school building in the village of Shakarabad. Two civilians were injured in the attack, and the airport buildings were damaged.

The Azerbaijani Foreign Ministry demanded that Tehran provide an explanation as soon as possible, conduct an investigation, and take measures to prevent similar incidents from recurring. The Iranian ambassador was summoned to the ministry to receive a note of protest.

Against the backdrop of the incident, regional media and expert commentators are discussing the possibility of invoking the mechanisms provided for in the Shusha Declaration on Alliance Relations between Azerbaijan and Turkey. The document stipulates that in the event of a threat or act of aggression by a third state, the parties shall hold joint consultations and provide each other with the necessary assistance in accordance with the UN Charter.

At the time of publication, there was no official announcement of the start of formal consultations on the Shusha Declaration, but Ankara and Baku maintain constant coordination on regional security issues, including at the level of the foreign ministries.

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Trump calls for adoption of SAVE America Act and stricter voting rules

US President Donald Trump has published a list of initiatives on social media under the title “SAVE America Act,” in which he calls for the introduction of mandatory ID checks for voters and documentary proof of US citizenship.

Meanwhile, Congress is considering a Republican bill called the SAVE America Act (Safeguard American Voter Eligibility Act), which requires documentary proof of citizenship when registering to vote in federal elections and introduces stricter voter identification rules, as well as separate requirements for procedures related to absentee/mail ballots. The House of Representatives passed the bill in February, but it has not yet advanced in the Senate.

In his post, Trump also stated the need to ban mail-in voting, except in cases of illness, disability, military service, or travel. At the same time, experts point out that a complete ban on “universal” mail-in ballots is not included in the text of the bill, although such an idea has been discussed.

In addition to electoral provisions, Trump mentioned measures concerning the participation of men in women’s sports, as well as sex reassignment surgery for minors. According to his wording, such interventions should only be possible with the written consent of the parents.

These points are not related to the voting rules bill and are presented as political demands in a single list.

 

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Opillia Brewery to hold shareholders’ meeting on March 31

According to Fixygen, Opillia Brewery will hold a remote general meeting of shareholders on March 31, 2026, through the Ukrainian depository system.

The agenda includes, in particular, the approval of annual reports, review of management reports, distribution of profits or coverage of losses, as well as organizational issues.

Opillia PJSC is a brewing company from Ternopil, one of the oldest regional brands in Ukrainian brewing.

 

Online meeting will be held at Kharkiv Tractor Plant on March 27

According to Fixygen, PJSC Kharkiv Tractor Plant will hold a remote general meeting of shareholders on March 27, 2026, through the Ukrainian depository system.

The agenda includes the approval of annual results and reports, review of management reports, decisions on the distribution of profits or coverage of losses, as well as organizational issues.

Kharkiv Tractor Plant PJSC is one of the largest machine-building enterprises in Ukraine, founded in 1930 in Kharkiv. The plant specializes in the production of tractors and equipment for the agricultural sector.

 

Altera Asset Management shareholders to approve annual reports remotely

According to Fixygen, Altera Asset Management will hold a remote general meeting of shareholders on March 13, 2026, through the Ukrainian depository system.

The agenda includes typical annual meeting items, such as approval of annual reports, review of management reports, distribution of profits or coverage of losses, approval of the auditor, and other items within the competence of the general meeting.

Altera Asset Management PJSC is an asset management company operating in the collective investment market.

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