The National Bank of Ukraine (NBU) has added Insurance Broker Insurance Space LLC and On Time Insurance LLC to the Register of Insurance Intermediaries in accordance with submitted electronic applications. According to the NBU website, its committee for supervision and regulation of non-banking financial services markets made the relevant decision on August 1, 2025.
SB “Insurance Space” (Kiev) was registered in May 2025. The size of the authorized capital is UAH 5 th.
On Time Insurance LLC (Kyiv) was registered in June 2025. The size of the authorized capital – UAH 100 thousand.
The National Bank of Ukraine (NBU) has identified cases of unlicensed activity in the non-bank financial services market, in particular the exchange of cryptocurrencies for currency, money transfers, and the provision of loans, and will strengthen its supervision in this area.
“We are working systematically to limit any opportunities to use the banking and payment infrastructure to serve the shadow economy (…) We will intensify our activities in the future,” NBU Governor Andriy Pyshnyy said on his Facebook page.
He stressed that de-shadowing will contribute to the formation of a sustainable investment resource for the economy, and also announced the launch of a new area of work for the NBU – identifying unlicensed activities in the non-bank financial services and payment markets.
“Unfortunately, we see that outside the legal field of Ukraine and the relevant supervision of the NBU, citizens are being offered services that have the characteristics of financial services: transfer and issuance of funds, provision of loans, exchange of cryptocurrencies for currency,” Pyshny wrote.
The head of the NBU noted that the goal is not only to identify unauthorized market participants, but also to bring them back into the legal field or initiate legal proceedings against them.
As reported, the National Bank continues to investigate the activities of companies that may be providing financial services without the appropriate licenses, including Obmen24, X-Change, Liberty Finance (KIT GROUP), Tsarsky.io, FinMobile, and Trustee Plus.
The National Bank of Ukraine (NBU) has lowered its forecast for the 2025 vegetable harvest by 11.5% to 7.6 million tons, fruit and berry harvest by 11.1% to 1.8 million tons, and potato harvest by 3.4% to 19.4 million tons.
“Weather conditions in the spring of 2025 were unfavorable for harvests. Spring frosts covered a significant part of the country, causing particular damage to winter crops, fruit and berries, and vegetables,” the National Bank said in its updated Inflation Report published this week.
At the same time, compared to last year’s harvest, the National Bank estimates that this year’s vegetable harvest will be 11.5% higher, or 0.8 million tons, and potato harvest will be 10.7% higher, or 1.9 million tons.
However, the situation with fruits and berries is worse, and their harvest will be 12.4%, or 0.2 million tons, less than last year.
The National Bank also lowered its forecasts for vegetable crops in 2026 by 9.1% compared to the previous April Inflation Report, to 8.0 million tons, and for fruit and berries by 4.0%, to 1.9 million tons.
At the same time, the NBU slightly improved its expectations for next year’s potato harvest by 0.7% to 20.0 million tons.
Net outflow from Ukraine in 2026 will remain at the 2025 level of 0.2 million people. This worsened migration forecast was included by the National Bank of Ukraine (NBU) in its updated macro forecast, which was also worsened due to expectations of a longer war.
“Given the slow normalization of economic conditions, estimates of migration flows in the coming years have been worsened. It is expected that in 2026, the outflow of migrants will continue at a similar pace to the current one (about 0.2 million people), while the April forecast predicted the return of 0.2 million people,” the National Bank’s inflation report published on its website says.
“Net returns will only begin in 2027 (about 0.1 million people, compared to 0.5 million in the previous forecast),” the NBU added.
At the same time, it left its assumptions for 2025 unchanged: a net outflow of about 0.2 million people is expected.
The NBU report notes that the risks of increased combat activity and shelling of rear regions, occupation of new territories, or a significantly longer war remain significant. If these risks materialize, migration outflows will intensify.
“The active policy of recipient countries’ governments to retain Ukrainians, especially those involved in the labor market, is also a negative risk for the migration forecast,” the National Bank adds.
According to the updated forecast, 5.8 million Ukrainians will remain abroad this year, 6 million next year, and 5.9 million in 2027.
At the same time, an alternative forecast, which assumes a faster end to the war, predicts that next year the number of Ukrainians abroad will fall to 5.6 million, and in 2027 to 5.1 million, which is in line with the April forecast.
As reported, the National Bank of Ukraine worsened its macroeconomic forecast in July: in 2025, economic growth will be 2.1% instead of the previously expected 3.1%, and in 2026-2027, it will be 2-3% instead of 3.7-3.9%.
The National Bank of Ukraine (NBU) has applied to PJSC IC “Euroins Ukraine” a measure of influence in the form of a written warning for violation of certain requirements of legislation and regulatory documents, the NBU website reports.
Such a decision was made by the Committee for Supervision and Regulation of Non-Banking Financial Services Markets on July 21, 2025, based on the results of a scheduled inspection conducted by the Inspection Department of the NBU.
During the inspection was revealed, in particular, the violation of certain requirements established by the law “On Insurance”, the provisions of the NBU on the secrecy of insurance, on the peculiarities of the conclusion of insurance contracts with consumers, on the authorization of financial service providers and the conditions of their activities in the provision of financial services.
The information emphasizes that IC “Euroins Ukraine” is obliged to eliminate violations until September 22, 2025.
IC “Euroins Ukraine” is a universal insurance company. It has been working in the Ukrainian market since 1992. It is a part of Bulgarian insurance group Euroins, one of the largest independent insurance groups in the countries of Central, Eastern and South-Eastern Europe.
On July 16, the National Bank of Ukraine (NBU) announced a tender for medical insurance for employees with an expected purchase price of UAH 106.912 million, according to the Prozorro electronic procurement system. Applications for participation will be accepted until 11:00 a.m. on July 31. The amount of security provided by participants is UAH 1 million.
As reported, on June 4, 2024, the NBU announced its intention to conclude a contract with SK Universalna (Kyiv) for voluntary medical insurance for its employees. The company’s price offer was UAH 76.720 million against the expected cost of UAH 77.244 million. Insurance companies Kraina and VUSO also participated in the tender with bids of UAH 72.368 million and UAH 76.728 million, respectively.
