Business news from Ukraine

Business news from Ukraine

“Energoatom” Paid 141.4 Bln UAH for Public Service Obligations in January–July

JSC NAEK “Energoatom” has fully fulfilled its special obligations to ensure the availability of electricity for residential consumers (PSO), aimed at making it more affordable, by covering 100% of the cost of the service for January–July 2026, totaling 141.448 billion UAH (including VAT), the company reported on Tuesday.

“The company continues to bear the key financial burden within the social tariff support system. Thanks to NAEK’s contributions, the state maintains the electricity tariff for millions of Ukrainian families at a level below the market rate,” Energoatom noted.
Currently, Energoatom has no outstanding debt to JSC “Guaranteed Buyer” for the PSO service.

In total, during the years of Russia’s full-scale war against Ukraine—from 2022 to 2025—Energoatom paid over 528.900 billion UAH (including VAT) for the PSO service.
As previously reported, in 2025, “Energoatom” paid 168.546 billion UAH for the PSO and transferred over 44.5 billion UAH to the state budget.

The Cabinet of Ministers of Ukraine, by Decree No. 399-r dated April 29, 2026, “On the Annual General Meeting of JSC NAEK ‘Energoatom,’” approved a net profit of 18,688,306,075 UAH, in accordance with the company’s consolidated financial statements for 2025. The government allocated 50% of the profit, amounting to 9,344,153,037.5 UAH, for the payment of dividends to the state budget.

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Kazakhstan and China Launch Pilot Project on Settlements in Digital National Currencies

Financial regulators in Kazakhstan and China have reached an agreement to launch a pilot project on settlements in the digital tenge and digital yuan, the press service of the National Bank of Kazakhstan reported following a visit by its delegation to China.

“An important step was the agreement reached between the National Bank and the People’s Bank of China to launch a pilot project for settlements in digital tenge and digital yuan,” the statement said.

“We have agreed to integrate the digital tenge and the digital yuan in two complementary ways: through the mBridge multilateral platform (an international multi-currency platform for real-time cross-border payments and transfers using blockchain technology) and through direct bilateral integration via CBETS (Cross-Border e-CNY Transfer Services, the digital yuan platform for cross-border settlements),” explained Binur Zhalenov, Deputy Chairman of the National Bank of Kazakhstan, who participated in the negotiations, on his social media page.

During negotiations with Cross-Border Interbank Payment System (CIPS), the parties discussed further practical steps to implement the memorandum of understanding between the National Bank, the National Payment Corporation, and CIPS, as well as prospects for expanding the use of cross-border payment infrastructure, developing settlements in national currencies, and strengthening cooperation in the field of international payments.

As part of the implementation of the memorandum between the National Payment Corporation of Kazakhstan and UnionPay International (UPI)—the global division of China UnionPay responsible for the international development of UnionPay products and services—the integration of QR payments between the two countries will be completed by the end of the year, according to the National Bank of Kazakhstan.

The central banks also signed a new three-year currency swap agreement, with the option to extend it by mutual agreement of the parties.
During meetings with the China Banking Association and the leadership of China’s largest commercial banks, discussions focused on their participation in financing investment projects in Kazakhstan and issuing debt instruments.

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One in four pensioners in Ukraine receives about 3,600 UAH

According to data from the Pension Fund of Ukraine as of July 1, 2026, approximately 2.4 million Ukrainian pensioners—or 24% of the total number—receive between 3,001 and 4,000 UAH per month.

The average payment within this group is 3,581.58 UAH. Another 335,800 people, or 3.4% of pensioners, receive no more than 3,000 UAH, while 1.72 million people receive between 4,000 and 5,000 UAH.

At the same time, approximately 3.21 million people—or nearly one-third of all pensioners—receive a pension of more than 7,000 UAH. Payments exceeding 20,000 UAH are made to 436,200 people, including 29,500 pensioners who receive more than 30,000 UAH per month.

The average pension nationwide is 7,272.68 UAH; however, it exceeds the amount received by most recipients due to significantly higher pensions for certain categories.

 

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Ukraine Begins Disbursing 1,500 UAH to Pensioners and Vulnerable Groups

Denis Ulyutin, Ukraine’s Minister of Social Policy, Family, and Unity, announced that Ukraine has begun disbursing 1,500 UAH in financial assistance to pensioners and vulnerable groups.

“Starting today, we are beginning payments of 1,500 UAH. The payment will be made as a one-time payment during April,” Ulyutin said during a national telethon on Tuesday.

The minister explained that as early as Monday, funds for this support were redirected to 540,000 pensioners who receive payments through “Ukrposhta.”

According to him, the funds will be transferred to card accounts as early as this week, and through Ukrposhta branches, the assistance will arrive along with the pension on the designated day.

Ulyutin also noted that these funds are not earmarked and can be used for any purpose without restrictions.

As reported, on March 18, the Cabinet of Ministers approved a program for a one-time payment of 1,500 UAH in April for pensioners and vulnerable groups.

It is noted that among the recipients of the supplement are: old-age pensioners, disability pensioners, recipients of survivor’s pensions, and pensioners for length of service who are eligible for an old-age pension (the pension amount must not exceed 25,595 hryvnias; however, for war veterans who have participated in the defense of Ukraine since 2014, and for individuals among the Chernobyl nuclear power plant accident liquidators, 1,500 UAH will be provided regardless of the amount of the pension received); recipients of state assistance/compensation (including those established for each recipient of assistance/compensation): for housing among IDPs; as a low-income family; basic social assistance; as persons not entitled to a pension who became eligible for assistance after turning 65, as persons not entitled to a pension among those with disabilities, and dependents of a deceased breadwinner who did not receive pension benefits; living with a person with a Group I or II disability due to a mental disorder; persons with disabilities since childhood and children with disabilities; for children raised in large families; single mothers; children under guardianship or custody; children with severe perinatal damage to the nervous system; children whose parents evade child support payments; orphans and children deprived of parental care, including those with disabilities, who are in family-type children’s homes and foster families.

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monobank has abolished fees for IBAN transfers from personal funds

From now on, payments to IBAN from personal funds are free of charge in the virtual monobank, according to the project’s co-founder Oleg Gorokhovsky.

“We are now removing this fee. All IBAN payments from personal funds in mono are free of charge starting today,” Gorokhovsky wrote on Telegram on Monday.

According to him, IBAN payment rates at monobank have not changed since 2017. Previously, transfers to IBAN for amounts up to UAH 10,000 were free, and for amounts over UAH 10,000, a commission of 0.5% was charged from own funds.

As Gorokhovsky noted, the income from this commission exceeded UAH 200 million per year.

The branchless mobile bank monobank was founded in January 2017 by former PrivatBank top managers Gorokhovsky, Dmytro Dubilet, and Mykhailo Rogalsky. It operates under the license of Universal Bank, which is part of the TAS Group (Kyiv) and currently serves 10.42 million customers, according to its own data.

According to the National Bank, as of the beginning of 2026, Universal Bank had issued a total of 28.22 million cards, of which 10.50 million were used for transactions during the month.

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BBS Insurance increased gross premiums written by 87% and payouts by 89%

In January-June 2025, BBC Insurance (formerly Brokbusiness Insurance, Kyiv) collected UAH 444.23 million in gross premiums, which is 86.9% more than in the same period a year ago, according to Expert-Rating in its report confirming the insurance company’s financial stability rating at “uaAA+” on the national scale.

According to the RA, the share of insurance premiums belonging to reinsurers grew 2.3 times in the company, while in the structure of gross premiums it decreased by 0.34 percentage points (pp) to 2.04%.
In the first half of the year, BBC Insurance made 89.2% more insurance payments and reimbursements than in the same period a year ago, and the level of payments increased by 0.43 p.p. to 35.62%.

The company’s equity as of the reporting date increased by 19.92% to UAH 175.52 million, and its gross liabilities increased by 61.60% to UAH 358.22 million. Cash and cash equivalents increased by 61.36% to UAH 341.05 million, while the ratio of cash to liabilities decreased by 0.14 percentage points to 95.21%.

Thus, as of the beginning of the second half of 2025, IC “BBS Insurance” was secured by highly liquid assets, which covered 95.21% of its liabilities.

At the end of the first half of 2025, the company’s net profit increased by a third (+33.42%) compared to the same period in 2024, reaching UAH 23.9 million, while the company’s operating profit was slightly lower at UAH 10.67 million (-7.22%).

BBS Insurance has been operating in the Ukrainian insurance market for over 25 years and is represented in all regions of the country.

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