OTP BANK JSC and the Ukrainian company Unisolar have entered into a partnership agreement to finance solar energy projects for businesses with a starting interest rate of 0.01% per annum. The program provides loans for the installation of solar power plants and the implementation of energy solutions aimed at increasing the energy independence of Ukrainian businesses.
According to a press release, the partnership will allow businesses to receive comprehensive solutions that include design, equipment supply, installation, and financing of energy facilities.
Under the terms of the program, loans will be provided in hryvnia for a term of up to 84 months, or seven years. During the first seven months, the interest rate will be 0.01% per annum, and starting from the eighth month, a compensatory rate of 7% per annum will apply.
Preferential terms will apply under the state program “Affordable Loans 5-7-9%,” provided the borrower meets its requirements. The loan may be secured by the equipment purchased with the financing.
Unisolar specializes in the construction of solar power plants, energy storage systems, and automated energy consumption management systems. The company also provides insurance, maintenance, and technical support for completed projects.
According to the company, over more than 16 years in the renewable energy market, Unisolar has completed over 300 projects with a total capacity of more than 350 MW in Ukraine, Moldova, and Lithuania.
The launch of the new program comes amid growing demand from Ukrainian businesses for their own power sources. Due to the risks of damage to centralized energy infrastructure, businesses are increasingly investing in solar power plants, energy storage systems, and backup power supplies.
The ability to secure long-term loans allows companies to spread investment costs over several years and reduce the initial financial burden during the implementation of energy projects.
OTP BANK is also developing partnership programs with other companies to finance energy-efficient solutions. In particular, in 2026, the bank announced a partnership with ALTEK, Freedom Energy Ukraine, and DELA ENERGY to provide loans for business energy projects.
OTP BANK JSC is a Ukrainian commercial bank that is part of the international OTP Group, headquartered in Hungary. The bank provides services to corporate and retail clients, including business lending, payment and cash management services, deposit products, trade finance, and investment services. The OTP Group operates in the banking markets of Central and Eastern Europe.
On October 26, Kyiv will host the 12th Kyiv International Economic Forum (KIEF). More than 500 participants are expected—owners and executives of Ukrainian and international companies, government officials, investors, diplomats, and experts. The main theme of this year’s forum is “People. Business. Economy. What’s Next?”. Discussions will focus on how business and the economy can weather the new conditions, adapt, and return to growth.
In the fifth year of full-scale war, pressure on the Ukrainian economy is intensifying. Manufacturing, the energy sector, ports, railways, logistics centers, and other business-critical infrastructure are under attack. According to estimates by the Ministry of Economy, direct losses from destruction could reach about $10 billion annually, and combined with the blockade of seaports, they have already cost Ukraine about 1.5 percentage points of GDP in 2026. According to the World Bank’s October forecast, Ukraine’s economic growth will slow to 1.2% in 2026 and reach 1.5% in 2027 if active hostilities continue. In previous forecasts for 2027, the bank projected 4% growth, assuming hostilities would end by the end of 2026.
“While the discussion used to center on Ukraine’s recovery, the focus has now shifted to ensuring the economy’s resilience right now. Businesses need solutions that will help them protect their assets, maintain production, and continue investing even amid the war,” notes Vasyl Khmelnytskyi, initiator of the Kyiv International Economic Forum (KIEF) and founder of the UFuture holding company.
The KIEF 2026 program features 12 panel discussions. The discussions will center on the physical protection of businesses, operations during air raid alerts, decentralized logistics and energy supply, communication resilience, insurance against war risks, compensation for lost assets, access to financing, and maintaining macroeconomic stability. Other key topics include adapting the state’s industrial development strategy and energy policy to new conditions, the state’s economic priorities, international cooperation, and European integration in the face of new challenges. Special attention will be given to the experiences of frontline cities and the solutions already in place there.
Speakers at the forum include:
The Ukrainian economy already has experience adapting quickly during a crisis. In 2022, following the destruction of the Kremenchuk Oil Refinery and a fuel shortage, the country restructured its fuel logistics, and thousands of businesses relocated from frontline regions to the interior of the country. Following the blockade of traditional maritime routes in 2023, the Ukrainian maritime corridor became operational, and after last year’s large-scale attacks on the power grid, businesses and the government began actively developing distributed generation.
“Today, any discussion about the future must begin with finding practical solutions that businesses, the government, and international partners can adopt right now to maintain stability and return the economy to growth. That is exactly what this year’s KIEF is all about,” says KIEF CEO Yuriy Pivovarov.
Title partners of the forum: UFuture, Mastercard, AEQUO, PrivatBank, Kyivstar
Forum partners: Sense Bank, NEQSOL Holding, PUMB, DTEK, Ajax Systems, Uklon, TERWIN, Eclectic Talents Group, BALEX, CEO Club Ukraine.
Interfax-Ukraine and Open4Business are the forum’s media partners.
The beginning of October showed that market volatility is still very much present. After a strong third quarter, investors once again began to partially lock in profits: in a single week, approximately $681 million was withdrawn from Bitcoin ETFs, and over the two trading days of October 7–8, outflows approached $730 million.
According to Experts Club, the situation in the crypto market in 2026 bears less and less resemblance to previous cycles, which were entirely dependent on retail speculation. ETFs, institutional portfolios, corporate reserves, and regulated exchange-traded products are playing an increasingly significant role.
At the same time, this makes the market more sensitive to global interest rates, the dollar exchange rate, capital flows between tech stocks and digital assets, as well as decisions by major asset management firms.
Therefore, the strong growth in the third quarter should, for now, be viewed more as a recovery from the sharp decline in the first half of the year rather than as a guarantee of sustained one-sided growth.
According to the Serbian business media outlet Parametar, Serbia has put up for sale, through the Belgrade Stock Exchange, a 6.35% stake in Termovent SC Livnica čelika, based in Bačka Topola.
The company specializes in the production of steel castings, including those made of carbon, stainless, heat-resistant, and wear-resistant steel. The foundry has been in operation since the 1960s and has been part of Termovent SC since 2003.
The company supplies its products to both domestic and international markets. The Termovent Group also manufactures industrial valves and is a certified supplier to the Paks Nuclear Power Plant in Hungary.
According to data for 2025, the foundry’s revenue exceeded 1 billion dinars, net profit amounted to approximately 7.8 million dinars, and the number of employees was 168.
The sale of the state’s stake effectively continues the consolidation of ownership in this already privatized industrial asset.
The Kyiv Business Center has begun operations in the Ukrainian capital, with the aim of ensuring a permanent presence of British companies in the country and deepening industrial ties between the two nations, according to the UK government’s press service.
The hub was established through close collaboration between the National Armaments Director (NAD) Group, industrial partners, and the UK financial sector as part of the “100-Year Partnership” initiative.
“The KBC provides British companies, particularly small and medium-sized enterprises (SMEs), with a base from which they can build trusting relationships with Ukrainian partners, obtain information on the situation on the battlefield, and pursue opportunities for joint development, co-production, and investment,” the statement reads.
It is noted that, until now, the cost, security requirements, and administrative complexity of doing business in Ukraine have made it difficult for small firms to establish a presence in the country.
Luke Pollard, Minister for Defense Readiness and Industry, commenting on the center’s opening, stated that KBC will help unlock new opportunities for investment, growth, and long-term recovery.
“By supporting British companies in Kyiv, we are deepening our ‘100-year partnership’ and turning our shared determination into shared innovation,” he emphasized.
The KBC’s operating model is based on three principles: industry, innovation, and investment, providing members with access to a networking platform that helps forge partnerships, attract investment, and expand production and capacity.
National Director of Armaments Rupert Pierce met with leading industry representatives and small and medium-sized businesses to mark the launch of the center, which brings together British and Ukrainian industry.
“This new facility is not just a center; it is a permanent channel that transforms the UK’s ability to collaborate fruitfully with our Ukrainian partners, both now and in the long term. Until now, costs, security concerns, and other restrictions caused by Russia’s full-scale invasion have made it difficult for companies—especially small ones—to operate in Ukraine. Our previous trade missions successfully addressed some of these challenges—this center removes these barriers by providing British companies with a permanent presence in Kyiv, opening up real opportunities for innovation, investment, and exports,” he emphasized.
The center’s operating model builds on more than 40 existing major industrial partnerships between the United Kingdom and Ukraine, as well as on the success of the UK Ministry of Defense’s trade missions to Ukraine. KBC also supports Ukrainian companies seeking British industrial partners or establishing subsidiaries in the United Kingdom.
The mining and steel company Metinvest continues to hope for support from its global partners amid the war, but recently, the European Union and the European Commission have taken numerous measures that cast doubt on whether it is worth investing in the Ukrainian steel industry at all.
The company’s CEO, Yuriy Ryzhenkov, expressed this view in an interview with the Financial Times.
As an example, he cited the quotas imposed on Ukrainian steel in the EU, even though Ukraine’s agreements with the EU—in particular the Association Agreement and other agreements signed in recent years—effectively provided for free access to the European market. Despite the fact that Ukraine has exported significantly less steel to the EU over the past few years than before, the corresponding Ukrainian quotas have been reduced by more than 50%.
“In my view, this is a very strange move. If you want to support the country, it’s better to allow its industry to operate and pay taxes. These funds will strengthen the country’s defense capabilities and economy. This is more effective than grants or preferential loans. I hope our officials, together with their European colleagues, will be able to review this situation and rectify it,” said Ryzhenkov.
According to him, a much better approach would be to consider how the Ukrainian economy—particularly the metallurgical sector—can become part of the broader European market and the European economy, thereby making it stronger rather than weaker. “I also believe that it is very important right now for people in Brussels to understand the conditions under which we are working. We are forced to operate amid constant disruptions in logistics and staff shortages. Many people have left the country. More than 8,500 of our employees have been drafted into the army. We have an unstable energy supply and very high energy costs,” the CEO noted.
He emphasized that it is, to some extent, unfair and incorrect to treat the Ukrainian steel industry on par with that of other countries supplying products to the EU. The situation in Ukraine requires a special approach, greater understanding, and, perhaps, certain tools that will allow us to survive now and return to investment and growth in the future.
When asked whether the company had assessed the total amount of losses, the CEO noted that a comprehensive assessment has not yet been conducted. “As I’ve already said, we are currently clearing debris and assessing damage to infrastructure and production facilities. And this is not the first time since the Russian invasion that our facilities have come under attack, so we will be able to provide a more accurate assessment once the war is over. Only then will it be possible to discuss the cost of recovery from the damage.”
Ryzhenkov noted that all of the company’s international projects are linked to Ukrainian production and Ukrainian resources, and there is hope that this will continue to be the case. “Currently, our rolling mills in Europe and the United Kingdom are operating autonomously. At the same time, we already have plans in place and are taking steps to restore vertical integration with Ukrainian enterprises and return to our previous model. In short, we remain very active. We consider Europe, as well as the Mediterranean and Black Sea regions, to be our main markets. We want to continue to be present in these markets and remain open to new opportunities,” Ryzhenkov concluded.
Metinvest is a vertically integrated group consisting of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.
Source: https://metinvestholding.com
