Business news from Ukraine

Business news from Ukraine

Insurers collected over UAH 10 bln in motor third-party liability insurance premiums in first half of year

Insurance companies that are members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) concluded 3.432 million compulsory civil liability insurance contracts for owners of land vehicles This is 6.45% less than in the same period last year.

According to data published on the MTIBU website, 3.418 million contracts were concluded in electronic form (+24.5%).

In January-June 2025, the Bureau’s members increased the collection of insurance payments under MTPL policies by 2.3 times to UAH 10.457 billion, including UAH 10.424 billion under electronic contracts (2.8 times more).

The total amount of insurance indemnities accrued under domestic insurance contracts increased by 24.58% to UAH 2.885 billion, including UAH 762 million paid using the “Europrotocol” (+68%).

The Bureau also recorded a 2.2% increase in the number of settled insurance claims to 72,400, including data on the use of the “Europrotocol” – 31,800 (+25.5%).

The MTIBU is the only association of insurers in Ukraine that provides compulsory civil liability insurance for owners of land vehicles for damage caused to third parties. The Bureau has 27 insurance companies as members.

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Astarta has expanded its irrigation area in Poltava region to 1,100 hectares

Investment and Industrial Company Poltavazernoprodukt, part of Astarta, Ukraine’s largest sugar producer, has increased its irrigated area to 1,100 hectares, the company’s press service said on Facebook on Wednesday.

Serhiy Cherevik, regional director of Poltavazernoprodukt, quoted in the post, noted that irrigation has become a key factor in stable yields.

“This allows us to make the most efficient use of every millimeter of moisture. This year, we are growing hybrid corn and commercial soybeans on irrigated land.

Irrigation is an investment not only in this year’s harvest, but also in the stability and development of agricultural production in our region. We have ambitious plans to expand the irrigated area, because the future of Ukrainian agribusiness lies in sustainable and efficient technologies,” he emphasized.

The company specified that before the next production season, Poltavazernoprodukt specialists restored and repaired communications and water supply stations, cleaned water channels, graded the lines for sprinkler machines, serviced the sprinkler machines themselves, and concluded water supply contracts.

“Eight sprinkler machines are operating at full capacity, serviced by 14 hydraulic engineers in several shifts,” the company said.

Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine and the largest sugar producer in Ukraine.

It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.

In 2024, Astarta increased its net profit by 34.5% to EUR83.25 million, while its consolidated revenue decreased by 1.1% to EUR612.15 million.

In the first quarter of this year, the agricultural holding’s revenue fell by 24.9% to EUR124.58 million, while net profit fell by 28.8% to EUR6.42 million.

On June 12 this year, the shareholders’ meeting approved the payment of dividends for 2024 in the amount of EUR0.5 per share for a total of EUR12.5 million, which is in line with the figures for the previous two years.

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Preferential roaming between Ukraine and EU for Ukrainians extended until December 31, 2025

Preferential roaming between Ukraine and the EU will remain available until the end of 2025, according to the National Commission for the State Regulation of Electronic Communications, Radio Frequency Spectrum, and Postal Services (NCC).

According to a statement on its Facebook page on Wednesday, the NCCIR and the European Commission confirm the extension of the Joint Statement between Ukrainian and European operators on ensuring roaming for Ukrainians in the European Union for the next six months, until December 31, 2025.

It is noted that this is the sixth extension of the agreements, which have been in force since April 2022.

“Staying connected is a basic need that becomes critical in times of war. Since the first days of the full-scale invasion, the NCCIR has been working to ensure that Ukrainians remain connected, including abroad,” said NCCIR Chair Lilia Malyon.

“The joint statement has become an exceptional and effective tool. I am grateful to Ukrainian and European operators who continue to provide favorable conditions for Ukrainians, as well as to colleagues from the EC and BEREC for their support and joint work. Our team continues to move confidently towards a Single Digital Market for roaming in the EU,” Malion added.

In addition, the joint statement also provides favorable communication conditions for EU citizens in Ukraine.

The press service also reminded that the NCC team, together with colleagues, is completing work on Ukraine’s accession to the EU’s single roaming area “Roaming Like at Home” (RLAH), which is expected as early as January 1, 2026.

Source: http://relocation.com.ua/pilhovyy-rouminh-mizh-ukrainoiu-ta-yes-dlia-ukraintsiv-prodovzhyly-do-31-hrudnia-2025-roku/

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Zelensky to replace Ukraine’s ambassador to US as part of diplomatic reshuffle

Oksana Markarova will be recalled from Washington as part of measures to strengthen relations with Trump’s team.

Volodymyr Zelensky is replacing Ukraine’s ambassador to the US, who has been heavily criticized by leading Republicans, as part of a diplomatic reshuffle aimed at strengthening relations with the Trump administration.

Ukrainian Foreign Minister Andriy Sibiga confirmed on Wednesday that Oksana Markarova will be recalled from Washington after four years in the post. He described her as “extremely effective, charismatic and one of our most successful ambassadors.”

He indicated that several high-ranking ambassadors in G7 and G20 countries would also be transferred, telling Ukrainian radio: “Every diplomat has a rotation cycle.”

The diplomatic reshuffle comes at a critical moment in the war. Russian troops are advancing on a 600-kilometer front, and their pace has accelerated in recent weeks. A Kremlin spokesman said, “We are advancing.”

Russian combat units have approached the crossing into the Dnipropetrovsk region for the first time.

Late on Tuesday night and early Wednesday morning, Russia launched its largest air strike since the start of its full-scale invasion in February 2022. It involved a record number of 728 Shahed drones, as well as 13 cruise and ballistic missiles. Most of them were shot down.

US House Speaker Mike Johnson is among the Republican figures who have criticized Markarova, accusing her of supporting the Democratic Party and its candidate Kamala Harris ahead of last November’s presidential election.

In February, she was photographed with her head in her hands during Vladimir Zelensky’s disastrous meeting with Donald Trump in the Oval Office.

After Zelensky visited a shell factory in Pennsylvania last September, calls for her resignation were heard.

Markarova organized the visit and did not invite a single Republican, Johnson said at the time.

Ukrainian officials deny any bias, but acknowledge that the ambassador previously had a good relationship with the Biden administration and was close to Victoria Nuland, then deputy secretary of state for political affairs.

Zelensky and Trump discussed Markarova’s resignation during a phone call last Friday, which the Ukrainian president called the most constructive to date.

On Tuesday, Trump expressed growing dissatisfaction with Vladimir Putin and announced the resumption of US arms deliveries to Kyiv. His statement followed a week-long pause, apparently ordered by US Defense Secretary Pete Hageett.

The shipment includes Patriot interceptor missiles and other high-precision weapons. It is unclear how many units will be transferred. The American news site Axios reported that 10 missiles will be delivered — a negligible amount at a time when Moscow has sharply intensified its bombing of Ukrainian cities.

The night raid targeted the northwestern city of Lutsk. At least six civilians were killed and 39 wounded in several other regions of the country, including Kharkiv and Donetsk in the northeast and east, as well as Kherson and Zaporizhzhia in the south.

According to local authorities, a one-year-old boy named Dmitry was killed in the village of Pravdino in the Kherson region when Russians struck his home with drones. The boy lived with his great-grandmother.

One of the possible successors to Markarova in Washington is Igor Zhovka, deputy head of the Ukrainian president’s administration.

Zhovka’s immediate superior is Andriy Yermak, whom many consider the most influential person in Ukrainian politics after Zelensky.

Other candidates include Finance Minister Serhiy Marchenko and Olga Stefanishyna, who is Deputy Prime Minister for European and Euro-Atlantic Integration and Minister of Justice.

There is growing optimism in Kyiv that Trump’s shift toward Russia earlier this year has been halted, if not completely reversed. One former Ukrainian official attributed this transformation to Jonathan Powell, Britain’s national security adviser and an experienced negotiator.

Powell played an important role in mending Zelensky’s tense relationship with Washington after the Oval Office incident.

He advised the Ukrainian government to avoid confrontation with the US president and take his words at face value.

According to the official, this approach, known as “strategic patience,” has begun to bear fruit.

Zelensky agreed to US proposals for a 30-day ceasefire, repeatedly praised Trump’s leadership, and signed an agreement giving American investors access to Ukraine’s valuable natural resources.

On Wednesday, he met with Pope Francis in Rome ahead of a two-day international conference organized to help Ukraine with post-war reconstruction. Zelensky said they discussed the return of Ukrainian children and civilians abducted by Russia, as well as the Vatican’s offer to facilitate peace talks.

German Chancellor Friedrich Merz will attend the conference. During a recent phone call with Trump, Merz reportedly offered to buy Patriot anti-aircraft missile systems from the US and send them to Ukraine.

Trump’s envoy to Ukraine, Keith Kellogg, will also arrive in Rome, where he is likely to hold talks on arms supplies with Ukrainian Defense Minister Rustem Umerov.

Source: https://www.theguardian.com/world/2025/jul/09/zelenskyy-replace-ukraine-envoy-us-diplomatic-shuffle-trump-markarova

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Ukrenergo announced tender for voluntary medical insurance with budget of UAH 88 mln

On July 8, PJSC National Energy Company (NEC) Ukrenergo announced a tender for voluntary medical insurance services for employees.

According to the Prozorro electronic public procurement system, the expected cost of the services is UAH 88.013 million. Applications for participation will be accepted until July 16. As reported, the winner of a similar tender a year earlier was SD TAS. The company’s price offer at that time was UAH 58.793 million, which was almost the same as the expected cost. Ukrenergo operates trunk and interstate power lines and provides centralized dispatching of the country’s unified energy system. NEC is a state-owned enterprise under the authority of the Ministry of Energy and Coal Industry of Ukraine.

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Ukrnafta to implement energy projects worth 670 MW by 2026

PJSC Ukrnafta is implementing six projects for gas piston and gas turbine units with a capacity of 420 MW and plans to build a CCHP (Combined Cooling, Heating, and Power, i.e., the production of electricity, heat, and cold from a single source – IF-U) system with a capacity of 250 MW, according to the company’s acting director, Yuriy Tkachuk.

“Our portfolio consists of 420 MW of generating capacity. These are six large projects that combine gas piston and gas turbine technologies. And we will build a large 250 MW CCHP project. All the assets we aim to install will be installed in 2026,” Tkachuk said during a panel discussion on investing in energy sustainability and recovery in Ukraine as part of URC-2025 in Rome on Wednesday, according to an Interfax-Ukraine correspondent at the event.

According to him, all capacities are renewable and are being installed in central, eastern, and western Ukraine, and electricity will be generated using associated gas from production.

“In this way, we will support our energy system through these projects,” Tkachuk said.

He added that after Ukrnafta was transferred to the state in 2022, “we began to develop its new history.”

As Tkachuk emphasized, Ukrnafta currently provides 99% of petroleum product supplies to the Ministry of Defense, and despite this, it has launched a new direction, namely electricity production, which is very important in the context of the significant destruction of Russia’s energy capacities.

“Thanks to international financial institutions, Norway, Sweden, Germany, our state, and the government, we have launched a distributed power generation project,” the head of Ukrnafta emphasized.

 

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