Insurance company Arsenal Insurance (Kyiv) collected UAH 5.06 billion in insurance premiums in 2025, which is 60% more than in 2024, according to the insurer’s website.
It is also noted that last year, the company’s strategic focus was on comprehensive insurance, in which it is one of the top two players in the Ukrainian market. In total, for 2025, the volume of CASCO premiums amounted to UAH 2.78 billion, which is 40% more than in 2024. Arsenal Insurance’s share of the CASCO market is approaching 20%.
According to the report, the company’s MTPL indicators have grown significantly over the past year. In 2025, Arsenal Insurance issued 50% more policies than in 2024, and MTPL premiums amounted to UAH 1.25 billion.
Premiums for voluntary medical insurance increased by 32% to UAH 459 million. The company’s medical service has over 200 corporate clients and approximately 45,000 insured individuals.
In addition, cargo insurance premiums for 2025 increased by 26% to UAH 229 million, and property insurance premiums increased by 22% to UAH 211 million.
The total amount of last year’s payments increased by 41% and approached UAH 2 billion. CASCO payments amounted to UAH 1.26 billion (+34% compared to 2024), MTPL payments amounted to UAH 298 million (+78%), and medical insurance payments amounted to UAH 241 million (+39%). More than 16,000 payments were made for CASCO, and more than 8,000 for MTPL.
The company reports that in 2025, it made payments for military risks in the amount of more than UAH 26 million. In particular, for damage to a solar power plant and several business centers.
At the end of the year, Arsenal Insurance’s net financial result amounted to UAH 354 million, almost three times more than in 2024.
The company emphasizes that in September 2025, it received full membership status in the Motor Transport Insurance Bureau of Ukraine, which allowed it to start selling Green Card international motor insurance policies.
During the year, corporate spaces in Kyiv, Odesa, Kharkiv, Chernivtsi, Rivne, Lutsk, and Kropyvnytskyi were renovated. In total, Arsenal Insurance has offices in 29 cities in Ukraine.
“Over the past 20 years, we have achieved many heights, the most important of which is leadership in CASCO. But our ambitions are not limited to profits and rankings. Now our goal is to become a lovemark in the insurance industry,” says Serhii Avdeev, majority shareholder and CEO of Arsenal Insurance.
The state-owned enterprise Lisy Ukrainy plans to implement more than 60 projects for the construction and reconstruction of forest roads with a total length of more than 200 km in 2026, the company’s press service reported.
“Only paved roads can ensure stable production in any season. Our investment plan is aimed at ensuring energy independence and uninterrupted timber supplies, especially during the spring mud season, which usually paralyzes traffic on dirt roads,” the state-owned enterprise wrote on its Facebook page.
According to the plan, the largest number of facilities are planned in the Carpathian (19), Polissya (15), and Capital (11) forest offices. New construction is also planned in the Northern, Podolsk, and Central regions. The projects involve the creation of roadways and the construction of intermediate warehouses for the storage, sorting, and shipment of forest products.
As an example of the economic effect, the company cited the Ozernyansky Forestry (Ivano-Frankivsk region), where, thanks to the new road, the annual harvest will increase from 15,000 cubic meters to 17,000 cubic meters. In the Zhubrovitsa Forestry (Zhytomyr region), construction will allow 1,000 hectares of the Forest Fund, which were previously only accessible during periods of frost or drought, to be used for economic activities.
In addition to production indicators, the projects have social significance. In particular, in the Lyuboml district of Volyn, a new road between the villages of Borove and Sokol will shorten the route for local residents by 15 km, which will significantly facilitate logistics and access to firewood.
CONSTRUCTION, forest roads, Forests of Ukraine, RECONSTRUCTION
In Ukraine, starting January 31, 2026, the procedure for admission to economic activity in veterinary practice will change: the possibility of working on a declarative basis will be abolished, and mandatory licensing will be introduced, according to the State Service of Ukraine for Food Safety and Consumer Protection.
“From January 31, 2026, it will no longer be possible to obtain a license to engage in veterinary practice by submitting a declaration. From now on, all entities engaged in veterinary practice must obtain a license,” the agency commented on the annex to Cabinet of Ministers Resolution No. 314.
Business entities that previously started operating under a simplified procedure based on a declaration must undergo the licensing process within three months. The deadline for submitting documents to the State Service of Ukraine for Food Safety and Consumer Protection is April 30, 2026.
There are two main ways for entities that already report or plan to submit documents. According to Cabinet of Ministers Resolution No. 795, documents can be submitted electronically through the “Dія” portal as part of a pilot project to introduce a unified state electronic system for permits. It is also still possible to submit an application in paper form in accordance with the licensing conditions approved by Cabinet of Ministers Resolution No. 896.
The State Service of Ukraine for Food Safety and Consumer Protection has drawn the attention of businesses to the need for strict compliance of the material and technical base and staff qualifications with established standards. The transition to a licensing model involves a thorough check of documents confirming the relevant education of employees and the condition of the premises.
The updated rules are aimed at adapting the veterinary sector to European Union standards and ensuring the stable functioning of the veterinary services market under martial law. Working without a license after the transition period ends on April 30 will be considered illegal.
Zaporizhstal Iron and Steel Works has begun supplying rolled steel to Metinvest’s pipe plant in Romania, Metinvest Tubular Iasi, which became part of the group at the end of 2025.
According to a press release on Thursday, since the beginning of 2026, the company has shipped 22,000 tons of hot-rolled structural steel certified to the European standard EN 10025. In total, up to 180,000 tons of rolled steel are planned to be supplied to the pipe plant this year.
“Zaporizhstal’s rolled products are in demand among European and Ukrainian pipe manufacturers: every year, up to 80% of our metal products are shipped for the manufacture of straight-seam pipes and profiles. We are pleased to welcome Romanian pipe manufacturers to the Metinvest Group and to establish a new format of cooperation to strengthen the economic partnership between Ukraine and Europe,” said Taras Shevchenko, acting CEO of Zaporizhstal, whose words are quoted in the report.
It is specified that hot-rolled products made of mild structural steels are in high demand in the pipe industry due to their mechanical properties, which ensure the reliability and strength of finished products. Such products can withstand significant loads, including impact loads, operate under pressure, weld well, and maintain stable performance characteristics.
“Zaporizhstal’s rolled products are used to manufacture round, profile, and rectangular welded pipes that comply with European standards EN 10219 and EN 10217 and are used in geothermal engineering, energy, construction, and fire extinguishing systems, among others. Zaporizhstal steel pipes have proven to fully meet high requirements during testing, so we are establishing long-term mutually beneficial cooperation with Zaporizhstal metallurgists,” said Cosmin Toma, CEO of Metinvest Tubular Iasi, as quoted by the company’s press service.
The largest consumers of pipes produced by Metinvest Tubular Yassy are the domestic market of Romania, as well as companies from Hungary, the Czech Republic, Poland, Slovakia, and other European countries.
As reported, Zaporizhstal produced 3.5 million tons of pig iron, 3.2 million tons of steel, and 2.8 million tons of rolled products in 2025.
Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
METINVEST, PLANT, ROLLED PRODUCTS, ROMANIA, SUPPLY, ZAPORIZHSTAL
The number of cars subject to luxury tax decreased threefold over the year
According to the Ministry of Internal Affairs, 504 vehicles subject to luxury tax were imported into the country last year.
This is the lowest figure in the last five years. Porsche and Mercedes-Benz account for 89% of luxury vehicles, and every second such car is a Porsche Taycan. In total, electric cars account for 65% of all cars subject to luxury tax.
504 cars subject to the “luxury tax” were imported into Ukraine in 2025. This is 3.2 times less than in 2024. Overall, this is the lowest figure in the last five years.
Every second car on the “luxury” list is a Porsche Taycan: 232 cars. Overall, Porsche became the leader in the luxury segment with additional taxation: cars of this brand account for 64% of the total volume. Mercedes-Benz took another quarter of the market with 126 cars. The rest of the premium brands together account for 11% of the market: Audi, Rolls-Royce, Aston Martin, Lamborghini, Maserati, etc.
It is worth noting that, in contrast to overall imports, electric cars dominate the premium segment: 65% of imported luxury cars. Another 18% are hybrids that can run on electricity as well as gasoline or diesel. Pure gasoline cars, the leaders in overall imports, are at the bottom of the list with 17%. Diesel accounts for a symbolic 0.4%.
Almost half of all luxury cars are registered in Kyiv and the surrounding region: 236 cars. Another 52 cars are in Lviv region, 49 in Odesa region, and 37 in Dnipropetrovsk region.
Most of the cars in the luxury segment are registered to individuals — 82% or 413 cars. Only 18% of such cars are registered to businesses.
The ultra-premium segment deserves special attention. Last year, 21 Rolls-Royces were imported into Ukraine. Fifteen of them are the electric Spectre model, which costs about $600,000. The registry also includes seven Aston Martins and two Lamborghinis.
It should be noted that the “luxury tax” applies to cars costing more than UAH 3.2 million and less than 5 years old. The tax amount for one such car is UAH 25,000 per year.
https://opendatabot.ua/analytics/luxury-car-fee-2025
CAR, IMPORT, luxury, Porsche Taycan, TAX
The loan portfolio of the international financial service NovaPay (TM NovaPay) from the Nova group has exceeded UAH 2 billion, which is approximately 48.1% more than at the beginning of August 2025, when the figure reached UAH 1.35 billion, according to a statement released by the company on Wednesday.
NovaPay explained that the largest product in the portfolio remains installment plans, the volume of which increased from UAH 607 million to UAH 833 million compared to the beginning of August 2025.
Meanwhile, customer credit card liabilities grew at a faster pace, currently exceeding UAH 620 million in the portfolio, compared to UAH 232 million at the beginning of August 2025. The company specified that 60,000 people had applied for credit cards since their launch 10 months ago, with an average credit limit of UAH 30,000.
In addition, almost UAH 290 million in NovaPay’s loan portfolio is accounted for by “parcels on credit” – a product that was created in integration with Nova Poshta, the leader in express delivery in Ukraine, which is also part of the Nova group.
It is also noted that the business customer loan portfolio exceeded UAH 257 million.
As reported, NovaPay Credit increased its net profit by 1.8 times in January-September 2025 compared to the same period last year, to UAH 101.56 million, but according to the results of the year, it was planned to bring it to UAH 518.9 million, and in 2026 to increase it to UAH 1 billion 30.6 million by increasing net interest income from UAH 802.1 million to UAH 1 billion 515.1 million.
NovaPay was founded in 2001 as an international financial service, part of the Nova group (“Nova Poshta”), providing online and offline financial services in Nova Poshta branches. According to the website, the company employs about 13,000 people in more than 3,600 Nova Poshta branches throughout Ukraine. According to the National Bank of Ukraine, the company accounts for about 35% of the total volume of domestic money transfers.
NovaPay was the first non-bank financial institution in Ukraine to receive an extended license from the NBU in 2023, which allowed it to open accounts and issue cards, and was also the first non-bank to launch its own financial application with a wide range of financial services at the end of last year.
