Business news from Ukraine

Business news from Ukraine

PZU Ukraine increased insurance payments by almost 25% in 2025

PJSC Insurance Company PZU Ukraine (Kyiv) collected UAH 2.884 billion in net premiums in 2025, which is 41.9% more than in 2024 (UAH 2.033 billion), according to the insurer’s interim data posted on the information disclosure system of the National Securities and Stock Market Commission (NSSMC).

Premiums written for the year increased by 27.7% to UAH 2.772 billion.

In 2025, the company made compensation payments of UAH 2.739 billion, which is 23.5% more than in 2024. At the same time, gross profit amounted to UAH 145.042 million, compared to UAH 184.743 million a year earlier.

The financial result before tax amounted to UAH 391,015 thousand, and profit expenses amounted to UAH 60.088 million.

The insurer’s net loss for 2025 amounted to UAH 330.931 million, while in 2024, the company ended with a net loss of UAH 21.749 million.

PZU Ukraine Insurance Company is supported by one of the largest insurance groups in Central and Eastern Europe, the PZU Group, which includes the parent company of PZU Ukraine Insurance Company, PZU S.A.

According to the National Bank of Ukraine, PZU Ukraine ranks 11th among non-life insurers in Ukraine in terms of premiums collected for the first nine months of 2025.

,

Ukraine’s national debt exceeds $213 bln for first time

Ukraine’s total national debt in 2025 has risen to a new historic high: in dollar terms, by $47.27 billion, or 28.5%, to $213.33 billion, and in hryvnia terms, by 2 trillion 61.7 billion hryvnia, or 29.5%, to 9 trillion 42.7 billion hryvnia, according to data on the Ministry of Finance website.

According to the data, direct public debt increased by 29.9% in dollars to $206.8 billion, or to 8 trillion 766.0 billion hryvnia, and accounted for 96.9% of the total public and state-guaranteed debt.

Ukraine’s total external public debt in 2025 increased by 47.5%, or $45.51 billion, to $160.39 billion, while total internal debt increased by 5.6%, or UAH 104.1 billion, to UAH 1 trillion 967.2 billion.

As a result, the share of total external public debt increased over the year to 75.2% from 72.3%.

According to the Ministry of Finance, the share of liabilities in euros at the end of 2025 increased to 44.76% (33.01% at the end of 2024), in British pounds – to 0.40% (0.11%), while in US dollars it decreased to 22.65% (26.81%), in hryvnia – to 20.86% (25.33%), in SDRs – to 8.63% (11.39%), in Canadian dollars – to 2.31% (2.83%), and in yen – to 0.40% (0.51%).

The agency also specified that 72.21% of the national debt has a fixed interest rate, while 10.15% is tied to SOFR, 8.63% to the IMF rate, 3.54% to EURIBOR, 0.38% to SONIA, and 0.10% to TORF.

The rate for another 3.21% of the national debt is tied to the NBU’s discount rate, 1.61% to the consumer price index, and 0.17% to the rate tied to the Ukrainian index of deposit rates for individuals.

As reported, Ukraine’s state and state-guaranteed debt in 2024 increased by $22.74 billion to $166.06 billion.

Musk’s net worth exceeds $800 bln

Entrepreneur Elon Musk’s net worth has exceeded $800 billion, according to Forbes estimates: the publication currently values his capital at approximately $852.5 billion.

The increase in valuation is linked to the announced deal in which SpaceX acquired xAI. According to Reuters, the deal values SpaceX at $1 trillion, xAI at approximately $250 billion, and the combined business at approximately $1.25 trillion.

However, Musk has not yet crossed the $1 trillion threshold: based on Forbes’ current estimate, he is about $150 billion short of a trillion. Forbes also noted that the key sources of his wealth remain his stakes in SpaceX and Tesla, and not just the effect of the xAI deal.

Draft of new version of Civil Code of Ukraine allows marriage from age of 14

The Verkhovna Rada has registered a draft of the new version of the Civil Code of Ukraine (Bill No. 14394 of January 22, 2026), which provides for the possibility of a court granting the right to marry from the age of 14 in the event of a woman’s pregnancy or the birth of her child.

The general marriage age is proposed to remain at 18 for both women and men, but the court may grant the right to marry from the age of 16, and in exceptional cases, from the age of 14 in the event of pregnancy or childbirth.

According to the parliament’s website, the bill is currently being reviewed by committees. Earlier, Verkhovna Rada Speaker Ruslan Stefanchuk announced the registration of a new version of the Civil Code as a large-scale initiative to recodify private law.

,

Metinvest’s capital investments amounted to $142 mln in 9M 2025

Metinvest B.V. (Netherlands), the parent company of mining and metallurgical group Metinvest, decreased capital investments by 11% in January-September 2025 compared to the same period of 2024 – to $142 million from $159 million, amid war conditions.

According to a presentation based on Metinvest B.V.’s 9M-2025 interim report released on Tuesday, 56% of the total investment was allocated to the metals segment during the period (31% in 9M-2024) and 43% (64%) to the mining sector. Corporate overheads amounted to 1% (4%).

As noted, investments were directed in line with the group’s priorities and the reconfigured configuration of its operating assets.

Maintenance capital expenditure accounted for 72% of total investment (down 11 percentage points from 9M-2024), while the share of investment in strategic projects rose to 28% (up 11 p.p.).

Having assessed its potential development trajectories in 2025, Metinvest gained several key results, in particular, it decided to modernize its flagship iron ore asset – Severny GOK (SGOK). The Group renewed a key initiative to thicken enrichment waste at the mill. The project aims to maintain production volumes and helps to reduce tailings (waste – IF-U) volumes, cut operating and capital costs, and reduce environmental impact. It also reinforced the group’s commitment to the construction of a green steel plant in Italy under the Adria project, which is planned to be realized jointly with Danieli.

In addition, Metinvest signed a basic engineering agreement for the DR pellet project with Primetals Technologies to upgrade the Lurgi 552-A production line at GMZK – a key step in expanding the pellet portfolio to support green steel production.

The Group continued to invest in localized energy solutions, including gas piston generators with a total capacity of 29 MW, to mitigate wartime energy risks.

The presentation explains that the Adria project is a joint initiative of Metinvest and Danieli to create the most modern green steel plant in Piombino, Italy. It involves the construction of an electric arc ingot shop with a continuous casting and rolling complex using optimized, state-of-the-art and proven technology. The first coil at the new plant is expected to be produced in 2028.

 

,

Ukraine exported 5 mln tons of agricultural products in January, slightly less than in December

In January 2026, Ukraine exported 5.0 million tons of agricultural products, which is 0.8% less than in the previous month, according to the Ukrainian Agribusiness Club (UAC).

According to analysts, in the first month of the year, there was an increase in exports only in the grain segment, while all other types of products saw a decline. Corn remains the main export item at present.

According to experts, in the structure of agribusiness exports in January 2026, grain crops increased by 13% compared to the previous month and amounted to 3.4 million tons (corn – 83%, wheat – 16%), oilseeds decreased by 32% to 351.7 thousand tons (soybeans – 63%, rapeseed – 35%, and sunflower – 1%), vegetable oils – by 6% to 479.7 thousand tons (sunflower oil – 82%, rapeseed oil – 10%, and soybean oil – 7%), oilcake after extraction of vegetable oils decreased by 32% to 411.0 thousand tons (sunflower – 73%, soybean – 27%), other types of agricultural products decreased by 15% to 349.9 thousand tons.

, ,