Business news from Ukraine

Business news from Ukraine

Pharmacy sales in Ukraine increased by 11%

Pharmacy sales in Ukraine in the first half of 2025 increased by 11% in monetary terms compared to the same period in 2024, reaching UAH 105.214 billion, while in real terms they decreased by 2.78% to 567.02 million packages, according to data from a study conducted by Business Credit and reported to Interfax-Ukraine.

According to the data, the weighted average price of goods in the pharmacy basket at the end of the first half of the year was UAH 185.56 per package, which is 14.17% more than in the same period last year.
At the same time, pharmacy sales of medicines in January-June 2025 increased in monetary terms by 10.33% to almost UAH 81.929 billion, while in real terms they decreased by 2.32% to almost UAH 399.292 million.

The average retail price of medicines in the first half of the year was 205.19 UAH per package, which is almost 13% more than a year ago.

Pharmacy sales of dietary supplements in January-June increased by 17.67% in monetary terms compared to the same period in 2024, to almost UAH 11.679 billion, while in real terms they decreased by 1.5% to 49.479 million packages. The average price in this segment increased by 19.5% to UAH 236.03 per unit.

As reported, pharmacy sales in Ukraine at the end of 2024 increased in monetary terms by 10.67% compared to 2023, to UAH 192.843 billion, and in real terms decreased by 5%, to over 1.157 billion packages. The weighted average price of goods in the pharmacy basket at the end of 2024 was 166.59 UAH, 16.53% more than in 2023.

At the same time, pharmacy sales of medicines in 2024 increased to UAH 151 billion, or by 10.83% compared to the previous year, but in real terms decreased by 5.64% to 810.155 million packages. The weighted average retail price of medicines at the end of 2024 was 186.39 UAH per unit, which is 17.45% higher than in 2023.

Pharmacy sales of dietary supplements in 2024 increased by 11.06% in monetary terms, to UAH 19.992 billion, and decreased by almost 3.06% in real terms, to 99.012 million packages. The weighted average price in this segment at the end of 2024 increased by 14.56% compared to 2023, to UAH 201.92 per unit.

In February, Ukrainian President Volodymyr Zelensky enacted the NSDC’s decision of February 12 on additional measures to ensure the availability of medicines for Ukrainians, according to which the government, manufacturers, and pharmacy chains will determine a list of 100 drugs for which prices will be reduced by 30% starting March 1. It was also planned to ban marketing and promotional services related to the sale of medicines to end consumers from March 1 until the Cabinet of Ministers introduces separate wholesale price referencing for all medicines.

ECB expects a slowdown in eurozone economic growth, with risks of stagnation increasing

The eurozone economy is likely to slow down in the third quarter of 2025 due to ongoing uncertainty in foreign trade and the winding down of “advance” purchases, European Central Bank President Christine Lagarde said, speaking in Geneva at the World Economic Forum. According to her, in the first half of the year, the region’s export-oriented economy received short-term support from partners replenishing their stocks ahead of the introduction of tariffs in the US, but this factor is “reversing,” and the slowdown was already noticeable in the second quarter.

Lagarde clarified that under the agreement reached between the EU and the US, the “effective average rate” of tariffs on imports from the eurozone is estimated at between 12% and 16%, which is slightly higher than the assumptions of the ECB’s June baseline forecast, but significantly lower than the stress scenario (over 20%). The impact of the deal will be reflected in the ECB’s September macro forecasts, she noted.

According to Eurostat estimates, eurozone GDP grew by only 0.1% q/q in Q2 (after +0.6% in Q1), while July inflation remained at the target 2% year-on-year. Both factors support the scenario of low growth rates with stable “anchor” inflation.

The market as a whole expects the ECB to keep its deposit rate at 2.00%, continuing to assess the impact of tariffs and external conditions on growth prospects. (The meeting schedule is available on the ECB website; the current rate is confirmed by official statistics and national regulators.)

A combination of factors — the receding effect of frontloading, new trade costs (12–16% at the effective average rate) and moderate PMIs — increases the likelihood of a stagnation scenario in the second half of the year: the economy will hover around zero, and growth momentum will depend on the stability of domestic demand and clarity on industry tariffs (pharmaceuticals and semiconductors remain areas of uncertainty).

Ukrainian company invests over UAH 43 mln in construction of sports complex in Zakarpattya region

Food Technologies of Transcarpathia LLC will invest more than UAH 43 million in the construction of a modern sports complex in the village of Bolshiye Komyaty (Vinogradivka community) in Transcarpathian region, head of the regional military administration Volodymyr Mikita said in Telegram. He noted that the project provides for the construction of a soccer field, stands, special premises and running tracks for athletics. The concept is based on the need to create conditions for sports activities for children who study and live in the local community, as well as neighboring communities. The initiative will reach more than a thousand children of different age groups.

“This is the first such project in these territories, which is being implemented since the independence of Ukraine. The investment of the enterprise LLC “Food Technologies of Transcarpathia” in the construction is more than 43 million UAH. The Hromada has allocated the territory for the creation of infrastructure and will ensure the functioning of the Children’s and Youth Sports School with the appropriate staff of coaches”, – wrote the head of ZOVA.

LLC “Food Technologies of Transcarpathia” was founded in 2010 in Beregovo, Transcarpathian region. It specializes in the production of ready-made pet food, which it sells under the TM “Pan Dog-Pan Cat”, “Miss Kis – Mister Gaff”, “Carpatian Pet Food”. The beneficiary of the enterprise is businessman Andriy Hrypta, who is also the owner of Ecogreenpark LLC, RES Zakarpattya LLC, Residents Avenue Mall LLC, Trans Logistic Zakarpattya LLC.

 

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Exports of Ukrainian sunflower oil to India increased by 57% in July

Ukraine is increasing exports of sunflower oil to India. In July 2025, it supplied 78,000 tons to this country, which is 57% more than in June, according to the analytical agency UkrAgroConsult.

The agency cited Indian sources, according to which Ukrainian oil accounted for 39% of total imports of this product to India in July, which amounted to 200,000 tons. Thus, for the first time since the start of the war,

Ukraine has overtaken Russia, whose exports to India in this segment amounted to 49,000 tons, or 25% of the total volume imported into the country.

“In recent seasons, Russia has dominated the Indian sunflower oil market, while Ukraine’s share has fluctuated between 13% and 34%. However, in the second half of the 2024/25 season, Russian producers reduced production volumes due to low profitability, which led to a decrease in supply on foreign markets. An additional factor was the non-zero export duty on Russian oil,” experts explained.

According to analysts, Ukraine exported 767,000 tons of sunflower oil to India between September 2024 and July 2025, which is 55% more than in the same period of the previous season.

“This figure is a record since 2022, confirming India’s position as a key importer of Ukrainian oil. The growth in exports reflects the stable recovery of Ukraine’s position in the global market,” UkrAgroConsult concluded.

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Ukraine ranked third in world in honey exports in 2024

In 2024, Ukraine entered the TOP 3 global leaders in honey exports and ranked third with 85.8 thousand tons, according to the Ukrainian Agribusiness Club (UABC).

Analysts noted that China and India ranked first and second among the world’s top five honey exporters last year, with 169,600 tons and 94,800 tons, respectively. Argentina (78,100 tons) and Vietnam (48,200 tons) ranked fourth and fifth.

“Honey is probably one of the few components of Ukrainian agricultural exports that has not been affected by the blockade of seaports by Russian troops, as its main consumers are European countries. Previously, the duty-free quotas for this product, which were allocated under the Association Agreement with the EU, were exhausted by Ukrainian exporters in a matter of days — sometimes as early as January 4. After the European Union abolished duties and fees on Ukrainian exports, Ukrainian beekeepers had profitable export opportunities,” the experts explained.

According to their information, the largest buyers of Ukrainian honey in 2024 were Germany (18.9 thousand tons), the United States (12.1 thousand tons), Poland (9.7 thousand tons), France (9.6 thousand tons), and Belgium (7.1 thousand tons). In addition, Ukrainian honey was present in other markets, namely Turkey, Great Britain, Japan, Switzerland, Canada, Qatar, Jordan, etc.

However, in 2025, the EU reintroduced quotas on Ukrainian honey, creating additional barriers to exports.

“Although the quotas are significantly higher than before, they still do not cover Ukraine’s entire export potential. At the same time, this is an important step that helps Ukrainian producers remain competitive in the European market, which remains key for the sale of Ukrainian honey,” the UCA concluded.

 

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Forest fire smoke is more dangerous than regular smog: what is important for Ukraine

A new study in The Lancet Planetary Health (ISGlobal, 654 regions, 32 European countries, 2004–2022) has shown that small particles of smoke from fires (PM₂.₅) increase the risk of death more than “normal” urban aerosols of the same size. For every +1 μg/m³ of “fire” PM₂.₅, overall mortality increases by 0.7%, respiratory mortality by 1%, and cardiovascular mortality by 0.9%. Previously, mortality from smoke was underestimated by 93%: instead of ≈38 cases per year in Europe, the figure is ≈535.

Ukraine — in the spotlight

The analysis covers 32 European countries and shows a more pronounced effect in Eastern Europe — the conclusions are directly relevant to Ukraine, where seasonal landscape fires and smoke transport from neighboring regions lead to “peak” pollution days.

On “smoky” days, even a small increase in PM₂.₅ has a measurable effect on mortality among vulnerable groups (the elderly, people with asthma/cardiovascular disease). Cities should prepare alerts and clean air zones (hospitals, schools, hubs) in advance, and residents should close windows, use air purifiers, limit outdoor activities, and wear FFP2/FFP3 masks outdoors when levels exceed the threshold.

Aerosols from fires contain a different profile of toxicants and are more potent than particles from transport/industry, so it is incorrect to “combine” them with conventional PM₂.₅: the risks are higher, and response measures should be separate.

Primary source: The Lancet Planetary Health / ISGlobal (study on the short-term effects of “fire” PM₂.₅ on mortality in Europe). ISGLOBAL