Which companies go bankrupt most often in Ukraine?
780 companies began bankruptcy proceedings in 2025, according to data from the Supreme Court of Ukraine. This is about 10% of the total number of business closures. The turnover of the largest bankrupt companies ranges from UAH 3.4 to 7.7 billion. Most often, limited liability companies go bankrupt. Last year, companies engaged in wholesale trade and agriculture became insolvent. Kyiv leads in terms of the number of bankrupt businesses.
780 companies began bankruptcy proceedings in 2025. This is only 10% of the total number of business closures. Most companies in Ukraine go through the process of voluntary closure — this is 60% of cases. A total of 8,191 companies undergoing procedures related to the termination or change of business operations were recorded in Ukraine last year.
Most often, LLCs go bankrupt — 84% of cases in 2025.
Only in 48 cases do bankrupts try to stay afloat: to restore solvency and continue working through a reorganisation procedure. However, this is less than 1% of cases.
Currently, owners are increasingly opting for preventive restructuring: 8 cases in 6 companies were opened in 2025. These are cases where a business begins restructuring before it becomes insolvent, trying to avoid bankruptcy.
Most often, wholesale companies go bankrupt: 266 enterprises. In second place is agriculture: 71 companies. Next are real estate operations — 53 companies, construction — 48 companies, and retail trade — 38 companies.
Most bankruptcy proceedings against businesses are opened in Kyiv — 140 companies (18%). Almost as many are in the frontline Zaporizhzhia region — 138 companies (17.7%). Next are Kyiv region — 86 companies (11%), Dnipropetrovsk region — 85 (10.9%) and Odesa region — 53 companies (6.8%).
The top 10 companies against which bankruptcy proceedings have been initiated include enterprises that until recently had revenues ranging from 3.4 to 7.7 billion hryvnia. The largest case concerns DEGS HOLDING, which was engaged in gas trading and had revenues of over 7.7 billion hryvnia in 2024. Next are PRIDE SOLUTIONS UKRAINE with revenues of UAH 6.08 billion and OPT-SYSTEMS with UAH 5.46 billion.
Over the past month, BETS held 117 trading sessions for the purchase and sale of natural gas on the medium- and long-term market, as well as four trading sessions each day on the short-term market.
A total of 304 starting positions were formed at the BETS trading platform for trading resources in December 2025, January 2026, and subsequent months, in the gas transmission system and underground gas storage facilities. A total of approximately 156 million cubic meters of natural gas was sold on the medium- and long-term market. 9.08 million cubic meters of natural gas were sold on the short-term market.
On the medium- and long-term market in December, quoted prices in the section of the same name ranged from UAH 19,140 to UAH 21,250 excluding VAT. There was a downward trend in prices throughout the month. The initiators of the auctions formed starting positions mainly for sale.
Last month, transactions were concluded in the “Cross-border” section on the terms of delivery at the border point. The total volume of these transactions amounted to 1.3 million MWh at prices ranging from €34.65 to €36.55.
On the short-term market, exchange rates fluctuated daily in the range of UAH 19,227-20,416.26 excluding VAT, with a downward trend. In addition to the intraday market, transactions were concluded on the UEB day-ahead market with a total volume of 360,000 cubic meters.
” December confirmed the consistently high demand for UEB exchange instruments. We will continue to focus on improving the efficiency of trading procedures in general and developing medium-term standardized products in particular, so that participants receive transparent prices and guaranteed execution of transactions,” said UEB CEO Alexander Kovalenko.
Fixygen identifies three basic scenarios for the cryptocurrency market in 2026. The baseline scenario for the cryptocurrency market at the beginning of the year looks like broad consolidation with periodic “spikes” on news about rates, ETF flows, and regulation.
A more positive scenario is the acceleration of institutional integration (access via ETP/ETF and platforms), the growth of stablecoin adoption and asset tokenization, as reported by Grayscale and Coinbase Institutional.
A negative scenario would be tightening financial conditions, risk-off sentiment in global markets, and increased regulatory risks, which could put pressure on high-risk assets even with strong fundamentals.
Global crypto market capitalization at the beginning of 2026 fluctuates around $3.1-3.2 trillion, with Bitcoin trading at around $90-91 thousand and Ethereum at around $3.1 thousand, according to industry aggregators and current quotes.
Ukraine’s total elevator capacity at the end of 2025 increased to 52.67 million tons of simultaneous grain storage, compared to 52.1 million tons in October 2024, according to the industry online publication Elevatorist.com.
“The increase in elevator capacity over the year amounted to about 0.5 million tons (1.1%), despite infrastructure losses due to hostilities and the difficult economic situation in the industry,” the publication noted.
The growth was driven by the commissioning of new elevators, the expansion of existing capacities, and the implementation of investment projects, mainly in the central and western regions of Ukraine.
Currently, the top three regions in terms of elevator capacity are Poltava with 5.58 million tons, Odesa with 5.45 million tons, and Vinnytsia with 4.45 million tons, Elevatorist.com noted.
The global capitalization of the cryptocurrency market at the beginning of 2026 fluctuates around $3.1-3.2 trillion, with Bitcoin trading at around $90-91 thousand, and Ethereum is trading at around $3,100, according to industry aggregators and current quotes.
According to CoinGecko, the market capitalization is around $3.19 trillion, with Bitcoin accounting for around 56.8% and stablecoins accounting for around $312 billion (around 9.8% of the market).
The DeFi segment holds a total TVL of about $124 billion, with USDT’s share in stablecoins estimated at about 60%.
The beginning of 2026 is marked by mixed dynamics of exchange-traded products: on some days, large inflows were recorded, but the first full week of the year was accompanied by net outflows from spot Bitcoin ETFs (according to The Block estimates, about $681 million).
At the same time, the industry expects an expansion of the range of exchange-traded products and the gradual arrival of more “slow” institutional capital throughout 2026.
The stablecoin segment is approaching 2026 at historically high levels in terms of capitalization, and turnover in 2025, according to Bloomberg with reference to Artemis Analytics, reached about $33 trillion, which reinforces the thesis about the role of the “digital dollar” in settlements.
Interest in payment infrastructure is also confirmed by venture activity: Reuters reported on a large round of financing for Rain, a company that works with stablecoin wallets and cards.
In the US, initiatives on the “market structure” of crypto regulation remain on the agenda, which, according to CoinDesk, are approaching the stages of hearings and voting.
At the same time, the Financial Times reported on the movement of some projects towards banking supervision and a stricter framework for stablecoins.
The son of Reza Pahlavi, the Shah of Iran who was overthrown in 1979, who lives in the US, has said that he is ready to return to the country “at the first opportunity” and is already preparing for this.
In an interview with Fox News, he also said that his task is to lead the transition process, “ensure complete transparency,” and prepare the conditions for free elections so that citizens can “freely choose their leaders and determine their future.”
According to Western media reports, mass protests in Iran have been ongoing since late December 2025 and have been accompanied by increased security measures and communication restrictions, including internet outages.
