Business news from Ukraine

Business news from Ukraine

European Insurance Alliance paid out over UAH 104 mln to customers in first half of year

In January-June 2025, the European Insurance Alliance insurance company paid out UAH 104.7 million in compensation under insurance contracts, which is 32% more than in the same period of 2024, according to the insurer’s website. According to the information, 52% of the total amount of payments was for medical insurance, 25% for compulsory civil liability insurance for drivers (OSAGO), 20% for comprehensive car insurance, and 3% for other types of insurance.

European Insurance Alliance LLC was founded on September 22, 1994. The company is a member of the Motor (Transport) Insurance Bureau of Ukraine, the League of Insurance Organizations of Ukraine, and the Nuclear Insurance Pool of Ukraine.

The company has a license from the National Bank of Ukraine dated April 25, 2024, to conduct insurance activities in 16 classes, including property, motor vehicle, liability, and medical insurance. The authorized capital is UAH 55 million.

 

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Entrepreneurship Development Fund will sign contract with Colonne Ukraine for executive liability insurance

On August 14, the Entrepreneurship Development Fund announced its intention to conclude a contract with Colonnade Ukraine for executive liability insurance. According to the Prozorro electronic procurement system, the expected cost of the service was UAH 1.05 million, and the price offered by the company, the sole participant in the tender, was UAH 995,492.

Colonnead Ukraine Insurance Company (until 2016 – QBE Ukraine Insurance Company) was founded in 1998 as the first international insurer on the Ukrainian market. SCP Luxembourg S.A.R.L. owns 100% of the insurer’s shares.

 

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Comparative analysis of military potential of China and Taiwan by Experts Club

Against the backdrop of ever-increasing tensions in the Taiwan Strait in 2025, China and Taiwan continue their military demonstrations of force. The PRC is conducting exercises near the island, while Taiwan is mobilizing reservists and deepening cooperation with Western partners.

Experts Club offers a comparison of key indicators of the military capabilities of the parties.

Military capabilities of the People’s Republic of China (PRC)

Number of personnel:

2 million active military personnel
510,000 reservists
Over 1 million in the People’s Armed Police Force

Ground forces:

5,250 main battle tanks (Type 99, Type 96)
9,000+ artillery systems, including PCL-191 multiple launch rocket systems

Air Force (PLAAF):

Approximately 3,400 aircraft
1,300+ fighter jets (J-10, J-16, J-20 — 5th generation)
300 strategic bombers (H-6)
Hundreds of strike UAVs

Navy (PLAN):

340+ warships (the largest fleet in the world)
3 aircraft carriers (Liaoning, Shandong, Fujian)
70+ submarines, including 12 nuclear submarines
Latest Type 055 missile destroyers

Nuclear arsenal:

410–500 warheads (according to SIPRI estimates)
Active expansion of missile arsenal: DF-31AG, DF-41
Air, sea, and land delivery platforms

Technological achievements:

Development of DF-ZF hypersonic missiles
Cyber forces and space forces
Own satellite navigation system BeiDou

Military potential of Taiwan (Republic of China)

Number of personnel:

170,000 active military personnel
Up to 1.5 million reservists

Army:

1,000 battle tanks (M60A3, CM11, M1A2T)
2,200 artillery systems (including HIMARS, M109)

Air Force (RoCAF):

500 aircraft
180 F-16V, Mirage 2000-5, IDF Ching-Kuo fighter jets
Modern air defense systems: Patriot PAC-3, Sky Bow III

Navy:

26 combat ships
4 submarines (including new domestic Hai Kun)
New Tuo Chiang class corvettes

Nuclear doctrine:

Taiwan does not have nuclear weapons.

Cyber security forces and latest purchases:

Continuous modernization with support from the US
Purchases of F-16V, Harpoon missiles, HIMARS systems
Strengthening defense based on the concept of “asymmetric strategy”

Despite China’s military superiority, Taiwan enjoys support from:

The US (Taiwan Relations Act, $20 billion in arms supplies)
Japan (strategic cooperation)
Canada, Australia, the United Kingdom (political support, military exercises)
The EU does not officially recognize Taiwan, but is developing trade and exchanges.

As of 2025, only 10 countries officially recognize Taiwan as an independent state:

Belize
Haiti
Marshall Islands
Nauru
Palau
Saint Vincent and the Grenadines
Saint Lucia
Swaziland (Eswatini)
Tuvalu
Paraguay

Although China has an unquestionable military advantage over Taiwan, the latter is relying on defense modernization, mobilization potential, support from allies, and the development of asymmetric strategies.

The conflict over Taiwan poses global risks to stability in the Asia-Pacific region and around the world.

Ukraine’s foreign trade deficit in goods rose to $18.5 bln in first half of year

Ukraine’s foreign trade deficit in goods in January-June 2025 increased by 48.9% compared to the same period in 2024, to $18.512 billion from $12.430 billion, the State Statistics Service (Gosstat) reported on Thursday.

According to its data, exports of goods from Ukraine during the specified period compared to January-June 2024 decreased by 4.2% to $20.045 billion, while imports increased by 15.6% to $38.557 billion.

Gosstat specified that in June, compared to May of this year, seasonally adjusted export volumes decreased by 5.6% to $3.321 billion, while imports increased by 2.8% to $7.186 billion.

The seasonally adjusted foreign trade balance in June 2025 was negative at $3.865 billion, while in the previous month it was also negative at $3.465 billion.

The export-to-import coverage ratio for the first six months of 2025 was 0.52 (in January-June 2024, it was 0.63).

The State Statistics Service specified that foreign trade operations were conducted with partners from 221 countries around the world.

Earlier, the Experts Club information and analytical center made a video analysis of the prospects for the Ukrainian and global economies. For more details, see the video — https://youtu.be/kQsH3lUvMKo?si=F4IOLdLuVbYmEh5P

 

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Ukrainians rank 8th in real estate purchases in Spain – statistics

The second quarter of 2025 showed sustained interest from foreigners in the Spanish real estate market. According to data from the Spanish registration authority, British citizens led the way in terms of the number of properties purchased, with 1,874 transactions.

Germany came in second (1,590 transactions), followed by the Netherlands (1,558 transactions). Italy and France shared fourth place, each with 1,242 transactions.

The top ten also included:

Belgium — 1,209 transactions

Poland — 1,085 transactions

Ukraine — 772 transactions

Sweden — 637 transactions

Russia — 420 transactions

The list of top countries is rounded out by buyers from the US and Ireland, with 393 transactions each.

Experts note that the UK’s high ranking is traditionally linked to British buyers’ interest in the Costa Blanca and Costa del Sol, while the growth in activity in the Netherlands and Poland is due to the favorable economic situation and a desire to diversify investments.

Ukrainians remain interested in the Spanish market, ranking eighth in terms of the number of transactions in the second quarter of this year. Ukrainian citizens are consistently among the top 10 buyers of apartments and houses in Spain.

According to official data from the Spanish Ministry of Inclusion, Social Protection, and Migration, since the start of the war, temporary protection status has been granted to 236,570 people with Ukrainian passports.

This makes Spain the fourth country in the EU in terms of the number of temporary permits issued, accounting for about 5% of all such statuses in the EU.

 

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Chinese company begins construction of $1bn tire plant in Egypt

Egypt has signed an agreement with China’s Sailun Group to build a car tire plant in the Suez Canal Economic Zone (SCEZ) with a total investment of $1 billion, according to a cabinet statement. The construction of the plant will take three years. The first phase is scheduled for completion in 2026.

The plant will eventually produce 10 million tires a year, Reuters quoted the government as saying.

The EZSC is a complex of six ports and four industrial zones located along or near a strategic waterway. The Egyptian government has granted the zone special legal and tax incentives. Meanwhile, the country is investing heavily in infrastructure to attract investors to the EZSC.

 

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