Business news from Ukraine

Business news from Ukraine

Chinese manufacturers have warned of 15-30% increase in smartphone prices

Chinese smartphone manufacturers have notified their partners of an increase in purchase prices, which could result in retail prices for devices rising by 15-30%, with smartphones bearing the new price tags going on sale in March-April 2026.
The most significant price increases are expected in the mid-range and high-end segments, as well as for models with increased built-in memory and storage capacity. Market participants cite the rising cost of components responsible for device memory, primarily RAM and ROM modules, as one of the reasons for the price increases.
The backdrop for the price increase is being formed on the global memory market: due to rapid growth in demand from AI infrastructure, DRAM and NAND manufacturers are reallocating capacity in favor of more marginal solutions for data centers, which is squeezing supply for consumer electronics and supporting the growth of memory prices.

 

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Netherlands, China, and Egypt are leading suppliers of onions to Ukraine in 2025

In 2025, Ukraine increased onion imports by 3.2% compared to 2024, to 23.16 thousand tons, and in monetary terms, imports grew by 18.1%, to $29.71 million, according to the State Customs Service.

The largest suppliers of onions to Ukraine at the end of the year were the Netherlands (34.22% of supplies in monetary terms), China (29.68%), and Egypt (12.89%).

 

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Abnormal cold weather is coming to Ukraine, with temperatures dropping to -26°C in Kyiv on Monday night

On February 1, Ukraine will experience cold weather with temperatures of -20-25°C at night and -12-17°C during the day; in the Carpathian region, Dnipropetrovsk, Donetsk, and Luhansk regions, temperatures will be 15-20° below zero at night and 9-14° below zero during the day; in the southern regions, temperatures will be 9-14° below zero at night and 4-9° below zero during the day; in Crimea and Zakarpattia, temperatures will range from 1-6° below zero at night and during the day (during the day in Zakarpattia, temperatures will be around 0° in some places), according to the Ukrainian Hydrometeorological Center.

No precipitation, except for snow in the southeastern part of the country at night. Roads in some parts of the country will be icy. The wind will be mainly from the north, 5-10 m/s.

In Kyiv on Sunday, February 1, the weather will be cold with no precipitation: temperatures at night will be 21-23° below zero, and during the day 14-16° below zero. There will be icy patches on the roads in some places. The wind will be from the north, 5-10 m/s.

According to data from the Boris Sreznevsky Central Geophysical Observatory in Kyiv, on February 1, the highest daytime temperature was 8.4°C in 2002, and the lowest nighttime temperature was -28.8°C in 1956.

On Monday, January 2, very cold weather is forecast with temperatures of 22-27° below zero at night (in some northern regions -30°) and 14-19° below zero during the day. in the Carpathian region, Dnipropetrovsk, Donetsk, and Luhansk regions, temperatures will range from -17 to -22°C at night and -10 to -15°C during the day; in the southern regions, temperatures will range from -9 to -14°C at night and -6 to -11°C during the day; in Crimea and Zakarpattia, 5-10° at night and 1-6° below zero during the day.

No precipitation, except for snow at night in the far south and during the day in the south-eastern part. Icy conditions on some roads across the country. Winds mainly from the north, 3-8 m/s.

In Kyiv on Monday, very cold weather without precipitation: temperature at night 24-26°, during the day 16-18° below zero. Icy conditions on the roads in some places. Wind from the north, 3-8 m/s.

 

Olevsk Bread Factory PJSC will hold its annual shareholders’ meeting on March 5

Olevsk Bread Factory PJSC (Olevsk, Zhytomyr region) will hold its annual general meeting of shareholders on March 5, 2026, in a remote format, according to the company’s announcement in the SMIDA information disclosure system.
According to the announcement, the date for compiling the list of shareholders eligible to participate in the meeting has been set for March 2, 2026. Ballots for voting (on issues other than the election of bodies) must be submitted no later than 11:00 a.m. on February 23, 2026, and the depositary institution will continue to accept ballots until 6:00 p.m. on March 5.
The agenda includes, in particular, consideration of the supervisory board’s report for 2025, approval of the results of financial and economic activities for 2025, and distribution of profits (it is proposed to allocate 5% of net profit to reserve capital, with the remainder going toward development and strengthening of the material and technical base). Shareholders are also invited to decide on the extension of the lease agreement for one calendar year and the lease of premises, fixed assets, and transport of Olevsk-Khleb LLC (code 39508687).
Oleksky Bread Factory PJSC (EGRPOU code 00375964) was registered on December 25, 1996, and is located in Oleksky (13 Kooperativna Street). Its main activity is the production of bread and bakery products (KVED 10.71). . According to Opendatabot, the company’s revenue for 2024 amounted to UAH 1.667 million, net profit – UAH 156 thousand, asset value – UAH 4.864 million; director – Oleg Nechiporuk.

 

Business confidence indicator in Ukrainian construction market rose at beginning of 2026

The business confidence indicator in the Ukrainian construction market rose by 1.2 percentage points (pp) in the first quarter of 2026 compared to the fourth quarter of 2025, to “minus” 27.7%, according to the State Statistics Service (Gosstat).

According to a survey of construction companies conducted by the agency, the assessment of the current volume of orders deteriorated by 1.7 p.p. to “minus” 43.1%. Thus, 56% of the companies surveyed assessed their current volume of orders as normal for the season, while 42% assessed it as insufficient.

Sixty percent of respondents expect prices for their services to increase at the end of the first quarter of this year. Only 5% of respondents predict a decrease in the cost of construction work, while 39% do not expect any changes in pricing policy.

According to State Statistics Service data, the companies participating in the survey have an average of six months’ worth of orders, which corresponds to the pre-war figure at the beginning of 2022.

The statistics agency notes that in the first quarter of 2026, the negative impact on construction will be due to labor shortages (56.8%), financial constraints (47%), insufficient demand (33%), and other factors (45%). At the same time, expectations of a negative impact from weather conditions have increased significantly: while 12% of the companies surveyed reported this factor in the previous quarter, the number has now risen to 45%.

About 29% of the companies surveyed expect a reduction in the number of employees in January-March, while 57% believe that their number will remain unchanged, and 14% predict an expansion of staff.

According to the State Statistics Service, 40% of respondents noted an increase in the volume of construction work completed in the last quarter, while 27% reported a decrease in volume.

The survey showed that 98% of Ukrainian construction companies find it quite difficult to predict the future development of the business situation.

The statistics do not include territories temporarily occupied by the Russian Federation and parts of territories where hostilities are (were) ongoing.

 

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Euroformat increased elevator production by 20% last year

In 2025, the Euroformat plant increased elevator production by 20% compared to 2024, primarily due to government programs supporting domestic manufacturers, according to Igor Tkachenko, CEO of the Euroformat Lifts group of companies.

“We consider the program to compensate 15% of the cost of Ukrainian equipment under the ‘Made in Ukraine’ initiative and the introduction of a minimum localization requirement for goods participating in public procurement to be effective tools for promoting national production,” he told Interfax-Ukraine.

Tkachenko did not specify the number of elevators produced by the plant, citing the military context, but noted that every tenth elevator installed during the year is manufactured by Euroformat, and among the elevators that meet current construction requirements, one in three is manufactured by Euroformat, since imported elevators supplied on a one-off basis often have serious deviations from standards and requirements.

Describing the elevator market in Ukraine, which has developed over the past few years, Tkachenko noted that previously it had a large number of imports, often in the form of one-off contracts for small batches.

“In 2022, out of 80 companies that imported elevators, 46 brought in no more than 10 units, and 38 brought in no more than five. Most of these suppliers (76%) imported elevators from Turkey and China. The situation in 2023 only got worse: 97 companies imported elevators from Turkey alone. At the same time, in most cases, importers were unable to provide adequate warranty service, technical support, or regular supply of spare parts,” he said.

Tkachenko added that the expectations from the support programs were generally met: the growth of Ukrainian elevator production in 2025 by approximately 25% and an increase in the share of the domestic market to about 40% testify to the effectiveness of these mechanisms.

“At the same time, imports still account for more than half of the market, which means there is significant potential for further growth in the coming years,” said the CEO of the group of companies.

According to him, domestic manufacturers have untapped production capacity: the combined capacity of Ukrainian enterprises allows them to produce up to about 5,000 elevators per year, but the actual production load remains significantly lower.

“In particular, at the Euroformat plant, the load factor in 2025 was about 35%. This figure is still lower than it was before 2022, but we are seeing positive dynamics,” Tkachenko emphasized.

At the same time, he believes that when an elevator is manufactured in Ukraine, the manufacturer’s responsibility for the entire life cycle of the equipment, from installation to service, is formed along with it for decades.

“For the end user, this means less downtime, faster elevator repair, higher safety, and predictable operating costs,” Tkachenko emphasized.

He also said that, in parallel with its production activities, the company has invested in its production base: new laser cutting and welding sections have been launched, the range of wheelchair lifts has been expanded, and dozens of design improvements have been introduced in elevator equipment.

“It is important to note that this is not a one-time growth, but the formation of a stable production cycle — with planning, predictable volumes, and the development of service infrastructure,” Tkachenko emphasized.

According to him, the volume of investments in production modernization in 2025 exceeded UAH 12 million without attracting grants, while in 2024 they accounted for 60% of the UAH 25 million invested.

Among the landmark projects implemented in 2025, Tkachenko named two projects for the manufacture and installation of hospital elevators in medical facilities. In one of them, they worked in a building that is an architectural monument and developed an exclusive elevator with custom cabin dimensions. Before putting it into operation, additional tests were carried out.

As for the other project, the company worked on the request from project development to commissioning.

“These cases confirm that the national manufacturer is capable of meeting the complex, custom, and inclusive needs of Ukrainian medical institutions,” Tkachenko emphasizes.

According to Dmitry Kiselevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, Ukrainian elevator manufacturers increased production by 25% in 2025, growing their share of the domestic market to 40% from 30% a year ago.

According to the MP, participation in the program to compensate 15% of the cost of Ukrainian equipment requires a localization level of at least 40%, and all leading Ukrainian elevator manufacturers meet these requirements, in particular, elevators from the Euroformat plant have a localization level of 60%.

Euroformat was founded in 2002 as a metalworking enterprise. Since 2006, it has been manufacturing elevators for the residential and commercial sectors. The company has the only test tower in Ukraine and the largest in Eastern Europe, with a height of 40 m and two shafts. The Euroformat Lifts group of companies includes the Euroformat plant and a number of service companies.

According to YouControl, in January-September 2025, the Euroformat plant received UAH 2.98 million in net profit, which is almost equal to the figure for the first nine months of 2024, with revenue growing by 27.3% to UAH 236.5 million.

 

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