Insurance company Knyazha Vienna Insurance Group (Knyazha VIG, Kyiv) collected UAH 876.9 million in insurance payments in January-March 2025, which is 61.35% more than in the same period a year earlier, with net premiums amounting to UAH 453.822 million. (+ 32.17%).
This information was published by the rating agency Standard-Rating, confirming the insurer’s financial stability/credit rating at “uaAA+” for the period in question.
According to the RA website, during the period in question, income from individuals grew by 67.65% to UAH 631.450 million, and from reinsurers by 3.66 times to UAH 2.119 million. The share of individuals in gross premiums was 72.01%, and the share of reinsurers was 0.24%.
Insurance payments sent to reinsurers in the first quarter of 2025 increased by 71.40% compared to the same period in 2024, to UAH 312.435 million. Thus, the share of reinsurance companies in insurance premiums increased by 2.09 percentage points, to 35.63%. to 35.63%.
Insurance payments and reimbursements increased by 36.62% to UAH 297.438 million. The level of payments decreased by 6.14 percentage points to 33.92%.
At the end of the first quarter of 2025, operating profit amounted to UAH 43.579 million, and net profit increased 3.36 times to UAH 60.756 million.
As of April 1, 2025, the assets of IC “Knyazha VIG” increased by 14.12% to UAH 2.487 billion, equity capital by 15.23% to UAH 518.348 million, liabilities showed an increase of 13.83% to UAH 1.969 billion, cash and cash equivalents decreased by 5.24% to UAH 77.270 million.
It is reported that as of April 1, 2025, the insurer made current financial investments in the amount of UAH 1.203 billion, consisting of government bonds (70.49% of the investment portfolio) and deposits in banks with high credit ratings (29.51% of the portfolio).
PJSC “IC ‘Knyazha Vienna Insurance Group’ is part of the Vienna Insurance Group Ukraine, whose main shareholder is Vienna Insurance Group AG Wiener Versicherung Gruppe (Austria). The group also includes PJSC “IC ‘Ukrainian Insurance Group’ – 100%, PJSC ‘IC ’KnyazhaLIFE Vienna Insurance Group” – 97.8%, LLC “USG Consulting” – 50.7%, LLC “VIG Services Ukraine” – 78.7%, LLC “Assistance Company ‘Ukrainian Assistance Service’ – 100%.
The Datagroup-Volia-lifecell Group (DVL) plans to invest UAH 1.5 billion in the development of an energy-efficient GPON internet network over three years, with plans to achieve 60% penetration of the technology in every city undergoing modernization by 2025.
“DVL continues to develop its optical network by introducing GPON throughout Ukraine. We also have ambitious plans in this area: the company plans to invest UAH 1.5 billion in the development of the GPON network over three years… Our goal for GPON by the end of 2025 is to achieve penetration of up to 60% in every city where we are carrying out large-scale modernization,” said Sergey Tereshchuk, technical director of the merged company Datagroup-Volia-lifecell (DVL), in an exclusive interview with the Interfax-Ukraine news agency.
He noted that the pace of construction depends on external factors, including the restoration of infrastructure destroyed by shelling, the organization of backup key network nodes to ensure stable operation, and the ability to hire workers.
By 2025, DVL plans to build a network of connections for 300,000 apartments. Of this volume, as of early May, 100,000 have already been built. Since the start of the project in May 2024, more than 270,000 apartments have been covered by GPON technology (within one year – IF-U).
“We are talking about a large-scale modernization of the network in Lviv, Vinnytsia, Kyiv, Kharkiv, and Dnipro. We are also building additional networks in 26 cities across Ukraine,” said Tereshchuk.
DVL is also connecting base stations to GPON. As part of the pilot project currently being implemented by the company, it plans to reach around 800 sites connected to fiber optics by 2025. Of these, 300 sites have already been connected during the first phase, during which the solution was tested.
“We are connecting GPON and fiber optics that Datagroup has near its base stations. We have a list of sites that need additional capacity to increase speed. These are the first steps in preparation for the introduction of 5G,” said Tereshchuk.
Datagroup-Volia-lifecell, energy-efficient internet, INVESTMENTS
On May 22, at 6 p.m., the Lavra Gallery will host the opening of the art project “Tribute to Fashion.” The author of the project is a young Kyiv artist, Dana Ozova, a fashion artist who subtly and exquisitely combines fashion and personal emotions in her paintings.
The exhibition “Tribute to Fashion” is a visual monologue about the presence of feelings in space.
It is an exquisite performance about states and moods in colors and silhouettes. Architecture, chandelier light, fashion, and images are immersed in an atmosphere where the line between memory and reality is blurred. Interiors, the glare of spotlights, bodies, and light and shadow are scenes not of events, but of states.
At the intersection of fashion, painting, and theater, the artist’s paintings give birth to special stories — intimate, dramatic, seductive, in which each image is a moment between words and silence. Everything here is a gesture, a pause, a touch.
The combination of large-scale paintings and sophisticated fashion sketches in the exhibition creates a certain rhythm, a silent music of the soul that stays with us as a memory, an impression, an emotion. Emotion is the main artistic image of the project. It is the basis of inspiration and beauty, fashion, painting, music, and architecture.
Each canvas is a frame frozen in time.
Painting in which sensations emerge through texture, semi-gestures, and the silence after movement.
This scene is not for the viewer, but for those who know how to see.
Dana Ozo’s works exist on the border between fashion, theater, and painting — in those areas of perception where sophistication becomes emotion and the image becomes meditation.
The chairman of the supervisory board of SK Veles (Odessa), Suren Sardaryan (who owns 56.249% of the insurer’s shares), and member of the supervisory board Karini Sardaryan (42.918%) have submitted their resignations. This was reported in the company’s information posted on the NSSMC information system. It is also specified that they held these positions from April 28, 2023, to May 16, 2025, and are currently vacant.
As reported, on May 5, 2025, the National Bank of Ukraine imposed sanctions on Veles Insurance Company (Odessa) for submitting its 2024 financial statements to the NBU after the deadline.
Veles Insurance Company has been operating in the market since 1998. It has 15 licenses for voluntary and compulsory types of insurance. It is a member of the Insurance Business Association. Its authorized capital is UAH 39 million.
member of the supervisory board, NATIONAL BANK OF UKRAINE, Veles Insurance Company
Nine companies from the top ten made a profit last year.
According to the OpenDataBot 2025 Index, the total income of the leading construction companies amounted to UAH 49.49 billion. This is 41% more than in 2023. The top three leaders have remained almost unchanged for three years in a row. Nine companies from the top ten managed to make a profit last year. Half of the top companies are engaged in the construction of roads and highways.
The top ten construction companies in the OpenDataBot Index 2025 earned over UAH 49 billion in revenue. This is 41% more than in 2023. The combined profit of the leaders grew 1.6 times to UAH 3.09 billion.
The lion’s share of the top companies’ revenue comes from five companies specializing in road construction: 75% or UAH 36.9 billion.
Four other companies are engaged in the construction of residential and non-residential buildings, with a more modest contribution of 20% of revenue. One company in the ranking operates in the narrow field of exploratory drilling.
For the third year in a row, the top three leaders in the Construction Industry Index have remained virtually unchanged. The absolute leader is Avtomagistral-Pivden from Odesa, owned by Oleksandr Boiko. In 2024, the company earned UAH 13.2 billion (27% of the total revenue of the top companies), which is 1.6 times higher than in 2023. Profit reached a record 1.36 billion UAH.
In second place is Vinnytsia-based Avtostrada, owned by Maksym Shkil. The company earned 10.8 billion UAH (+30%) and increased its profit 1.6 times to 74.6 million UAH.
The company notes that Avtostrada is one of the ten largest donors to the Ukrainian Armed Forces, having transferred more than UAH 2.1 billion since the start of the full-scale war. The company is actively involved in the reconstruction of critical infrastructure, including water pipelines and energy facilities. It is also one of the largest taxpayers in its industry.
Third place went to Rostdorstroy in Odesa (Yevgeny Konovalov and Yuri Schumacher). The company increased its revenue by 15% (to UAH 6.85 billion), while its profit fell by a quarter.
Onur Construction International from Lviv (owned by Turkish entrepreneurs Cetinjeviz Onur and Ihsan) climbed to fourth place. Its revenue grew by 30% to UAH 3.82 billion, and its profit almost tripled to UAH 418 million.
Fifth place went to a newcomer to the Index, Atelier de France Kyiv, a company engaged in the restoration of architectural monuments. Its revenue grew 6.4 times to UAH 2.9 billion, and its profit tripled (UAH 44 million). The owner is Frenchman Antoine Courtois, Philippe, Marie.
Ferrostroy from Poltava returned to the Index after a year’s hiatus, increasing its revenue 1.7 times to UAH 2.62 billion and its profit 2.6 times to UAH 298 million. The company is engaged in the construction of buildings.
Kosul (part of Rinat Akhmetov’s SCM Group) lost a quarter of its revenue and four places in the ranking, falling to seventh place with UAH 2.6 billion. At the same time, its profit grew by 8% to UAH 758.8 million. This company accounts for a quarter of the earnings of the top ten companies.
Vladimir Vypyrail’s Kyiv Energy Construction Company showed the largest profit growth — 8.8 times (to UAH 16.9 million), although its revenue fell by 6% to UAH 2.3 billion.
Techno-Bud-Center (Andriy Yarema and Yuriy Khanin) is another newcomer. Revenue grew 1.6 times to UAH 2.2 billion, and profit grew 1.5 times to UAH 26 million.
Vesta-I, which was headed by a new owner in March 2025, Tajik citizen Karimi Asolat Ismatzoda, showed a fourfold increase in revenue (UAH 2.2 billion), but instead of profit, it reported a loss of UAH 1.9 million.
So, in 2025, the following companies left the rating:
