Business news from Ukraine

Business news from Ukraine

INGO Insurance Company has paid out more than 105 million hryvnia in claims to mineral water producer

INGO Insurance Company (Kyiv) has fully settled one of the largest industrial claims in its portfolio, caused by a massive fire, by paying UAH 105.9 million to a mineral water and soft drink producer.

According to the insurer’s statement, based on the conclusions of State Emergency Service experts, the fire was caused by a critical overload of the electrical grid. The total area affected by the fire was approximately 2,500 square meters.

As a result of the fire, structural elements of the production and warehouse buildings were damaged, as well as a significant portion of the company’s production equipment. Specifically, the automated soft drink bottling lines, equipment for filling and capping PET bottles, the automated syrup production facility, packaging equipment, and other production systems were damaged. In total, more than 80 pieces of equipment were damaged or destroyed.

The company was insured under a property insurance policy that covered buildings, structures, and production equipment. Of the total payout of UAH 44.5 million, UAH 44.5 million was for damage to buildings, and another UAH 61.4 million was for damaged and destroyed equipment.

As noted, in 2025, INGO paid out more than UAH 2.2 billion in claims across various insurance segments.

INGO Insurance Company has nearly 30 years of experience in the market. Since 2017, the Ukrainian business group DCH has been the company’s majority shareholder. The company is among Ukraine’s largest insurance organizations in terms of premium volume, total assets, and insurance claim payouts.

 

Export-Credit Agency of Ukraine is seeking auditor to review its annual financial statements

On June 3, the Export-Credit Agency (ECA) announced a tender for services to audit the annual financial statements for 2026 and 2027, review interim financial statements, and perform other audit tasks.

According to the Prozorro public procurement system, the estimated cost of the services is 9 million UAH. The deadline for submitting bids is June 11, 2025.

The Export-Credit Agency of Ukraine (ECA) is a state institution that supports non-resource exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against military risks.

 

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200 mln tons of cargo have been transported via Ukrainian maritime corridor

Since its launch in 2023, the Ukrainian maritime corridor has transported 200 million tons of cargo, including 118 million tons of Ukrainian grain, according to a statement by Deputy Prime Minister for Recovery and Minister of Community and Territorial Development Oleksii Kuleba.

“Behind every figure lies the hard work of Ukrainian ports, sailors, logistics specialists, railway workers, farmers, and everyone who keeps our economy running every day despite the war,” Kuleba wrote on Telegram on Thursday.

According to him, since the beginning of 2026, nearly 35 million tons of cargo have been transported through seaports, and Ukrainian products have reached 56 countries around the world.

It is noted that in April of this year alone, more than 500 drone attacks on logistics infrastructure were recorded.

“The ports were under fire practically every other day,” the post states.

Kuleba specified that since the start of the full-scale invasion, 935 port infrastructure facilities have been damaged or partially destroyed, 191 civilian vessels have been affected, and 255 people have been injured.

“Despite this, the Ukrainian maritime corridor is operational. It remains one of the key tools for supporting the national economy, ensuring exports, and Ukraine’s important contribution to global food security,” the Deputy Prime Minister emphasized.

As reported, Ukraine’s ports handled 35.8% more cargo in April 2026 than in April 2025—8.2 million tons.

According to the Ukrainian Sea Ports Authority (USPA), in total, from January to April 2026, Ukraine’s seaports handled 29.5 million tons of cargo, which is more than during the same period in 2025.

At that time, it was noted that grain accounted for the bulk of the cargo flow—16 million tons, which is 7% more than last year.

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75% of Ukrainian companies report staff shortages, says Minister of Economy

According to the European Business Association, 75% of companies report staff shortages, and the State Employment Service’s (SES) Unified Job Portal has registered over 200,000 open positions, said Minister of Economy, Environment, and Agriculture Oleksiy Sobolev at The Jobs & Skills 4 Ukraine Forum on Thursday.

“We can see how much the labor market has changed, with 75% of businesses facing a labor shortage. The government must address this. That is why we are developing a labor market forecasting system that will serve as the foundation for state funding of education and training, retraining programs, donor investments, educational programs, and employers’ hiring decisions,” the minister emphasized.

According to him, the new employment policy should be based on several key points. First, it involves data on which professions, skills, and qualifications the economy will need not only today but also in five or ten years. Second, if an employer needs certain skills, the government, education providers, and partners must help people acquire those skills. Third, a more inclusive labor market. Fourth, a new level of partnership with the business sector.

 

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New life insurance premiums in Ukraine rose by 4.3%

The volume of funds raised under new life insurance contracts in January–April 2026 increased by 4.3% compared to the same period in 2025, reaching UAH 454.8 million, according to the National Association of Insurers of Ukraine (NAIU), citing operational data from the PRIMA project.

“Citizens continue to show active interest in savings instruments, as evidenced by this growth,” the statement noted.

Particular attention should be paid to the stable trend in recurring premiums, which represent regular payments under long-term savings programs. This indicator remains at +13%. In addition, there has been a significant increase in revenue from single premiums (where the entire amount of insurance coverage is paid in a single lump sum at the time the contract is signed), with growth reaching 20.1%.

The total volume of insurance claims increased by 31%, amounting to UAH 699.6 million. The lion’s share comes from “survivorship” risk payouts, which showed a 37% increase.

“This is an entirely natural process, as the Ukrainian life insurance market has reached the stage of maturing classic 20-year contracts. Customers who signed contracts a decade ago are now receiving their accumulated funds along with accrued investment income, and these funds, in turn, are partially reinvested in new insurance products,” the report explains.

In the life insurance market, based on premiums collected for the specified period in 2026, MetLife Insurance Company continues to hold the top position with UAH 1.057 billion, TAS Insurance Company – UAH 339.3 million, Grave Life – UAH 198.9 million, PZU Life – UAH 138.5 million, ARKS Life – UAH 126.2 million.

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“Vodafone Ukraine” has announced new buyback of $1.2 mln in Eurobonds

Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased approximately $25.5 million worth of its own Eurobonds since late May of last year following several offers related to dividend payments, has announced another similar tender at 98% of par value for a total of $1.165 million.

As noted in a statement on the Irish Stock Exchange, the company previously made another monthly dividend payment on June 2 in the amount of UAH 51.60 million.

Applications to participate in the tender are being accepted through June 17, and settlements are scheduled for June 24.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. Their redemption is related to the fact that on April 24, 2025, VFU announced the accrual of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. In accordance with National Bank restrictions, these dividends will be paid in separate monthly installments in hryvnia, each amounting to EUR1 million. The company emphasized that, under the terms of the bond issue, it must in such a case offer all bondholders the opportunity to submit an application to sell their bonds for an amount equal to the dividends paid outside Ukraine.

In the first two tenders, mobile operator “Vodafone Ukraine” repurchased bonds in an amount equivalent to EUR1 million. The initial repurchase was announced at 99% of par value, the second at 90% of par value. The company did not announce the results of the second buyback on the exchange, while the bid-to-cover ratio for the first buyback was 0.0040355668.

Following the third tender, where the buyback price was reduced to 85% of par value and the offer was capped at $4.67 million, “Vodafone Ukraine” received bids totaling $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

The fourth tender was announced on August 13 but was subsequently extended seven times. As a result, the redemption price was increased from 85% to 98%, and the redemption amount to $10.84 million. The company received bids totaling $127.14 million for this amount. Some of the bonds were returned to their holders due to the inability to split the face value, while the rest were accepted with a scaling factor of 0.1150681.

In the fifth through tenth bond redemption tenders held from December to May, the price was again set at 98%: in the fifth tender, with bids of $1.165 million, the scaling factor was set at 0.01901; in the sixth, with bids of $1.475 million, at 0.04234; in the seventh, with bids of $1.185 million, at 0.3246; for the eighth, with bids of $1.18 million – 0.0333333; for the ninth, with bids of $1.16 million – 0.449; and for the tenth, with bids of $1.17 million – 1.0 (bids totaling $2.32 million were submitted).

Overall, based on the results of the ten tenders, the total nominal value of bonds remaining in circulation is $274.52 million.

As reported, mobile operator VFU increased its revenue by 14% in 2025 compared to the previous year—to 27.8 billion UAH—while its net profit rose by 18%—to 4.18 billion UAH.

In the first quarter of this year, VFU increased its net profit by 12% compared to the same period last year—to UAH 778 million, while its revenue grew by 11%—to UAH 7.3 billion.

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