The volume of the domestic private market for military risk insurance is estimated at UAH 40-60 million, which does not correspond to the scale of the risks involved, according to a meeting of the League of Insurance Organizations of Ukraine (LIOU) on the creation of a military risk insurance system.
As noted on the LIOU website, unlike in 2022, insurance companies have now accumulated statistics on military risk insurance and have experience in concluding insurance contracts, settling claims, and making payments.
Insurers emphasized that even in a situation where a significant number of international reinsurers are refraining from active cooperation, awaiting market stabilization and security guarantees, some Ukrainian insurers have nevertheless gained access to international reinsurance, which has made it possible to increase insurance coverage limits, primarily for small and medium-sized businesses.
However, with the increasing frequency and intensity of shelling, insurers and reinsurers are forced to constantly revise their terms and conditions. For example, reinsurers’ quotes (net rates) increase from 4-5% to 8-10% during certain periods. This shows that insuring against military risks in a country that is already at war is an extremely difficult task. This is why the Ukrainian market is not attractive to international reinsurers, according to the press release.
Modeling various options for creating a military risk insurance system, insurers also noted the importance of public-private partnerships with the involvement of international institutions in this process.
At the same time, they noted that, in their opinion, the availability of state subsidies is not a guarantee of obtaining reinsurance and resolving the issue, and may even complicate it, since the state is highly likely to incur 100% losses, meaning that such insurance ceases to be insurance and becomes financing. Therefore, the main question remains who will pay the compensation and how, since neither the state nor Ukrainian insurers are able to assume the country’s military risks during the war, the LSU notes.
According to market experts, the risks, conditions, and definitions must be understandable and acceptable to foreign reinsurers, and the model must correspond to international analogues (insurance against terrorism (sabotage) risks). In addition, a working group should be set up with the participation of MPs, representatives of the Ministry of Economy, the NBU, international brokers, and insurers providing such insurance to study these issues and present the market’s position at a meeting with international reinsurers and other partners. These proposals will be forwarded to the parliamentary committee on finance, tax, and customs policy.
“International practice in insuring military risks does not have a ready-made solution for Ukraine, so developing one is primarily a task for specialists in the global insurance and reinsurance markets, and this is a real challenge,” emphasized Viktor Berlin, president of the LSU, whose words are quoted in the report.
On July 23, 2024, the Ambassador Extraordinary and Plenipotentiary of the Arab Republic of Egypt to Ukraine, Mr. Barakat Elayti, held a diplomatic reception to celebrate the country’s main national holiday—the 73rd anniversary of the 1952 Egyptian Revolution, which overthrew the monarchy of King Farouk and established a republican system.
The July Revolution marked not only the beginning of Egypt’s liberation from colonial rule, but also sparked a wave of struggle for freedom and self-determination in the Arab world and on the African continent.
The ceremony was attended by guests of honor: heads of diplomatic missions of foreign states accredited in Ukraine, representatives of state authorities, including Deputy Head of the Office of the President of Ukraine for International Policy Ihor Zhovkva, Special Representative of Ukraine for the Middle East and Africa Maksym Subkh, Islamic religious leaders, and members of the Egyptian diaspora.
At the beginning of his speech, the Ambassador of Egypt to Ukraine congratulated all those present on this important date in the history of the Arab Republic of Egypt, noting that “this is not only a national holiday—it is a shared moment of remembrance, reflection, and reaffirmation of the values that continue to unite us: freedom, dignity, and sovereign independence.”
“July 23, 1952, is a date engraved not only in the collective memory of the Egyptian people, but also in the broader historical context of the entire Middle East,” he emphasized.
In his speech, the Head of the Diplomatic Mission emphasized the strong relations with Ukraine and expressed his conviction in the friendly nature and positive development of mutually beneficial and multifaceted Egyptian-Ukrainian cooperation.
According to him, relations between Egypt and Ukraine have a long and successful history, “as historical sources show, Ukrainian engineers worked in Egypt as early as the 19th century, participating in the large-scale modernization initiated by Muhammad Ali Pasha.”
Mr. Barakat El-Eity noted that after Ukraine gained independence and diplomatic relations were established between the two countries, the trend of healthy and sustainable development of Egyptian-Ukrainian relations has continued, and bilateral cooperation in all areas has been fruitful.
On July 2, 2025, President of Ukraine Volodymyr Zelenskyy held a telephone conversation with President of Egypt Abdel Fattah el-Sisi on opening a new era of strategic cooperation.
The ambassador stressed that “peace, justice, and respect for the sovereignty of states are not just ideals, but the foundation of Egypt’s foreign policy.”
“These principles shape our position in international affairs. They determine our firm response to aggression and injustice, whether it be the horrors in Gaza or the ongoing war in Ukraine,” he added.
The diplomat also noted that “Egypt, along with many like-minded countries, is ready to do everything necessary to support efforts to alleviate suffering, stop the horrors of war, and return to the path of dialogue instead of destruction, progress instead of pain, and unity instead of division.”
Greetings on the occasion of the holiday were expressed by the Ukrainian government: Deputy Head of the Office of the President of Ukraine for International Policy Ihor Zhovkva, who read greetings from President of Ukraine Volodymyr Zelenskyy, and
Special Representative of Ukraine for the Middle East and Africa, Ukrainian diplomat and historian Maksym Subkh.
The Arab Republic of Egypt recognized Ukraine’s independence on January 3, 1992. On January 25, 1992, diplomatic relations were established between Ukraine and the Arab Republic of Egypt.
https://www.facebook.com/UkrDiplomatic/
According to the results of January-June this year, PJSC Ukrainian Graphite (Ukrgrafit, Zaporizhia) increased its net loss by 41.8% compared to the same period last year, from UAH 82.791 million to UAH 117.432 million.
According to the company’s interim report, net income for this period increased by 3.9% to UAH 686.358 million.
The company’s undistributed profit at the end of June amounted to UAH 3 billion 548.269 million.
As reported, in Q1 2025, Ukrgrafit increased its net loss by 80.6% compared to the same period last year, to UAH 65.870 million from UAH 36.466 million. Net income for this period decreased by 1.6% to UAH 296.640 million.
Ukrgrafit ended 2024 with a net loss of UAH 202.447 million, while in 2023 it increased its net profit by 2.34 times compared to 2022, to UAH 122.920 million.
Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical and other industrial complexes.
According to the National Depository of Ukraine (NDU) for the first quarter of 2025, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.
The authorized capital of the private joint-stock company is UAH 233.959 million, and the nominal value of a share is UAH 3.35.
Unemployment in the eurozone stood at 6.2% in June, according to the European Union’s statistical office. In May, according to the revised data, it was also at 6.2%, not 6.3%, as previously reported. Analysts on average expected unemployment to remain at the previously announced May level, according to Trading Economics.
For comparison, in June 2024, the unemployment rate was 6.4%.
Unemployment was at a record low of 6.2% in October and November 2024, then rose, and in April fell again to the lowest level on record.
In June, the number of unemployed in the euro area decreased by 62 thousand compared to the previous month, to 10.7 million people.
The share of unemployed youth (population under 25) fell to 14.1% from 14.3%.
The lowest unemployment rate among the largest eurozone countries was recorded in Germany (3.7%), and the highest in Spain (10.4%).
In the European Union, unemployment remained at 5.9% in June. In the same month of 2024, it was 6%.
TAS-Dniprovagonmash LLC (DVK, Kamyanske, Dnipropetrovsk region), controlled by the financial and industrial group TAS owned by businessman Serhiy Tihipko, ended January-June 2025 with a loss of UAH 39.6 million, while in the first half of 2024, net profit amounted to UAH 18.8 million.
According to the company’s interim report published on Thursday in the NSSMC’s information disclosure system, net income decreased by 29.5% to UAH 561.25 million.
The company reduced its gross profit by 38.4% to UAH 48.3 million, incurring a loss of UAH 33.9 million from operating activities, compared with a profit of UAH 26.4 million in the first half of 2024.
As reported, in the first quarter of this year, the company incurred a loss of UAH 16.9 million (a year earlier, it had a net profit of UAH 7.2 million) due to a 24.7% decrease in revenue to UAH 285.5 million.
Thus, TAS Dniprovagomash ended the second quarter of this year with a loss of 22.8 million UAH, while in April-June 2024, net profit amounted to 11.7 million UAH, and net income decreased by 34% to 275.7 million UAH.
According to the report, in the second quarter of this year, the plant produced 202 railcars (140 units in the same period of 2024 and 181 railcars in the first quarter of this year), with an average selling price of 2,782,800 UAH. (in the first quarter – 2,569,400 UAH).
At the same time, total exports amounted to 222.8 million UAH (80.8% of sales), with Lithuanian LTG Cargo being the main customer. In Ukraine, the cars were supplied to Ukrzaliznytsia.
“In the second quarter of 2025, the freight base of railway logistics in Ukraine tended to decline, which in turn had a negative impact on the demand for newly built freight cars,” the report says.
TAS Dniprovagomash’s share in the total production of freight cars in Ukraine at the end of the second quarter was 46% (in the first quarter – 25.8%), and its main competitors remain the Kryukiv Railway Car Building Works, the Karpaty Research and Mechanical Engineering Plant, and Ukrzaliznytsia enterprises.
The plant’s production capacity was utilized at 32% in the second quarter, and equipment utilization was at 38%.
The plant notes in its report that the value of concluded but not yet fulfilled agreements (contracts) at the end of the reporting period amounted to UAH 915.1 million (excluding VAT), and the expected loss from their fulfillment is UAH 24.9 million.
As of the beginning of July this year, the company employed 748 people.
As reported, TAS Dniprovagonmash, which has the capacity to produce 9,000 cars per year, increased its sales of freight cars by 63.7% in 2024 compared to 2023, to 606 units, and production by 59.2%, to 602 units.
Last year, the plant increased its net profit by 31.6% to UAH 62.3 million, and its net income by 61.8% to UAH 1 billion 743.7 million.
In the first half of 2025, the state-owned Oschadbank (Kyiv) signed agreements to finance corporate energy projects worth UAH 4.3 billion, more than half of which will be used to build renewable energy power plants.
“In the first half of 2025, Oschadbank signed contracts in the corporate business segment to finance the development and maintenance of energy infrastructure for a total amount of UAH 4.3 billion,” Yuriy Katsion, deputy chairman of the board of Oschadbank responsible for corporate business, told Interfax-Ukraine.
According to him, more than 50% of this amount is allocated to the construction of electricity storage facilities (ESF), more than 40% to wind farms, and the rest to solar energy and power grids, noting that support for the development of decentralized generation remains one of Oschadbank’s top priorities.
“Energy projects account for the largest share of Oschadbank’s corporate loan portfolio at the end of June, at 30%,” Katsion added.
The deputy chairman of the board specified that the total installed capacity financed by the bank in the corporate business segment in the first half of 2025 amounted to 316 MW.
According to the National Bank of Ukraine, as of April 2025, Oschadbank ranked second in terms of total assets (UAH 449.7 billion, or 12.0%) among 60 banks in the country.
As reported, according to the NBU, as of June this year, Oschadbank’s share in energy project lending was 33%.
