Business news from Ukraine

Business news from Ukraine

Farmers have sown 72% of winter crop areas — 5.35 mln hectares as of October 28

As of October 28, 2025, Ukrainian farmers had sown 5.349 million hectares of winter crops, which is 72% of the projected area. A year earlier, on October 22, 5.7 million hectares had been sown.

According to data on the website of the Ministry of Economy, Environment, and Agriculture, winter wheat crops increased to 3.858 million hectares (4.1 million hectares) over the week, barley — to 382,200 hectares (486,100 hectares), rye – to 63.2 thousand hectares (66 thousand hectares) .

“The leaders in grain crops are Dnipropetrovsk, Mykolaiv, and Kirovohrad regions. Poltava, Ternopil, and Chernihiv regions have already completed sowing,” the ministry said.
According to its data, as of October 21, rapeseed has been planted on an area of 1.05 million hectares (last year – 1.05 million hectares).

“The largest areas are in Vinnytsia, Odesa, and Khmelnytskyi regions. Currently, farmers in 14 regions have completed the sowing of winter rapeseed,” the report says.

The Ministry of Economy previously published forecast figures for the area sown with winter crops for the 2026 harvest. The ministry expects Ukrainian farmers to reduce the area sown with winter crops by 5.1% to 5.368 million hectares. At the same time, the area under winter wheat will be reduced by 4.4% to 4.778 million hectares, winter barley by 2.7% to 576,100 hectares, and winter rapeseed by 5.5% to 1.114 million hectares. At the same time, winter rye crops will increase by 7.6% to 69.3 thousand hectares.

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State enterprise “Chuguev Aircraft Repair Plant” is looking for insurer for MTPL insurance services

On October 21, the state enterprise Chuguevskyy Aircraft Repair Plant announced a tender for services of compulsory insurance of civil liability of owners of motor vehicles (OSAGO).

According to the website of the Ukrainian Universal Exchange, the expected cost of the service is UAH 188,487 thousand.

Documents are accepted until October 30.

 

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Global IT spending to exceed $6 trln in 2026 — forecast

Global spending on information technology (IT) will grow by 9.8% in 2026 and exceed $6 trillion, according to a forecast by research company Gartner.

“The pause in uncertainty that began in the second quarter of 2025 began to weaken in the third quarter, and a significant influx of funds into this segment is expected by the end of the year,” said Gartner analyst John-David Lovelock. “Generative artificial intelligence (GenAI) features are now ubiquitous in the software used by enterprises, and they are more expensive, which contributes to the influx of funds.”

By the end of 2025, experts expect IT spending to increase by 10% to $5.5 trillion.

Data center spending will grow the fastest this year, at nearly 47%. At the same time, IT services will remain the largest market, with a volume of over $1.7 trillion.

Spending on mobile phones and personal computers is expected to reach $783 billion, up 8.4% from 2024. However, next year, the growth rate is projected to slow to 6.8%, the report notes.

 

Ukrainian citizens ranked fourth among foreigners in Portugal

Over the past seven years, the number of foreign citizens legally residing in Portugal has increased almost fourfold. According to Agência para a Integração, Migrações e Asilo (AIMA), by the end of 2024, there were about 1,543,697 foreign residents registered in the country, while in 2017, this figure was about 421,802 people.

Foreign citizens now account for approximately 15% of Portugal‘s population, confirming the accelerated growth of migration in this country.

According to AIMA, the majority of foreign residents are citizens of Brazil (approximately 31.4%), India (approximately 7.4%), Angola (approximately 6.9%), and Ukraine (approximately 5.9%). Most migrants are of working age: 77% are between 18 and 44 years old, and 56.1% are men. However, no direct official breakdown by nationality has been found in open sources — these data require additional verification.

Portugal is considered one of the most immigrant-friendly countries in the EU — it has a Golden Visa program that requires an investment of €250,000 and grants the right to a residence permit and then citizenship. There are other categories as well: the D2 business visa, visas for digital nomads, and financially independent individuals.

Meanwhile, the sharp increase in the number of applications is putting a strain on AIMA: the agency reports a shortage of staff, a significant backlog of unprocessed cases, and delays in processing applications. A number of media outlets report that some cases have been pending for over two years.

The growth in the number of foreign residents in Portugal reflects a changing demographic landscape and makes the country attractive to international investors, start-ups, and migrant workers.

Key factors include relatively low investment thresholds, openness to foreign specialists, and a favorable climate. However, this dynamic is accompanied by growing challenges: increased pressure on the housing market, social infrastructure, and a migration management system in need of modernization.

For businesses, this is a signal that Portugal is a promising market for relocation and the creation of international teams, but it is important to take into account bureaucratic delays and changes in migration policy.

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TK-Home Textiles has begun exporting products to Romania

TK-Home Textiles, part of the Textile-Contact Group (TK Group), has begun its first deliveries of products to Romania, according to the group’s owner, Alexander Sokolovsky.

“Romania has been added to the list of countries with which we currently have stable contracts for the export of finished products (namely Denmark, Germany, Lithuania, Latvia, Georgia, and France), and today we sent the first shipment of our own products there,” he wrote on Facebook on Monday.

Sokolovsky specified that so far these are only various sets of bed linen made of satin, calico, and flannel, made from 100% cotton produced by the TK-Chernigov factory.
“However, we plan to significantly expand the range for this customer in the future. Each new country is further confirmation that Ukrainian textiles have a worthy place in the European market,” he added.

The owner of the group also announced that TK-Domashniy Tekstil had won the Best Exporter of the Year competition for the second year in a row based on its performance in 2024 in the field of textile production, clothing, leather, leather goods, and other materials.

“I would like to thank the team, which in such difficult times, despite all the challenges, is not just holding on, but is looking for any opportunities to grow sales markets and increase the share of exports in our order portfolio,” Sokolovsky wrote.

TK-Domashniy Tekstil is a leader in the production of fabrics, home textiles, and children’s products in Ukraine. Its asset portfolio includes one of the few finishing factories in Ukraine that produces cotton fabrics in

Chernihiv, TK-DT Chernihiv. Its assets also include garment factories in Kyiv, Ternopil, Chernihiv, and Odesa; a shoe factory in Chyhyryn; a knitting factory; and a synthetic winterizer factory in Chernihiv.

TK Group was founded in 1995. It currently represents a holding company that combines the entire range of services in the textile industry, from raw materials and threads to ready-made solutions for B2B, B2G, and B2C customers.

The group consists of 13 factories and employs about 1,500 people.

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Ukrgraphite plans contract worth up to €50 mln to supply products to UK

PJSC Ukrainian Graphite (Ukrgraphite, Zaporizhia) intends to conclude an agreement to supply graphite products to the UK by the end of the year worth up to EUR50 million.

According to the company, the board of directors of Ukrgraphite has decided to “conclude a foreign economic contract for the supply of graphite products with CARBON CONSTRUCTION & TRADING LIMITED, Edinburgh, UK, valid until December 31, 2025, unless a longer term is agreed with the counterparty, for an amount not exceeding €50 million.” Edinburgh, United Kingdom, valid until December 31, 2025, unless a longer term is agreed with the counterparty, for an amount not exceeding EUR 50 million or its equivalent in the national currency of Ukraine or US dollars.”

It is specified that such plans were approved based on the decision of the general meeting of shareholders to give preliminary consent to the company’s board of directors to perform significant transactions regarding the conclusion of agreements, deals, and contracts with the relevant counterparty.

In accordance with the law, the market value of the property or services that are the subject of the transaction is UAH 2 billion 427.510 million.

The value of the issuer’s assets, according to the latest annual financial statements, is UAH 4 billion 384.136 million.

Eight of the nine elected members participated in the board of directors meeting and voted unanimously.

Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal, and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical, and other industrial complexes.

According to the National Depository of Ukraine (NDU) for the first quarter of 2025, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.

The authorized capital of the private joint-stock company is UAH 233.959 million, and the nominal value of a share is UAH 3.35.

 

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