Business news from Ukraine

Business news from Ukraine

Ukrainians remain the largest group under temporary protection in Europe — in August their number increased by another 31,000

According to Eurostat, as of the end of July 2025 there are 4,373,455 citizens of Ukraine under temporary protection in EU countries. Over the month their number increased by 30,980 people, that is approximately by 0.71% compared to the June level — the dynamics are moderate but stable, indicating a continuing, though not surging, movement of people in search of safety. The overwhelming majority of beneficiaries of this regime — about 98.4% — are Ukrainians, which makes the group of aid recipients extremely homogeneous and requires focused integration measures.

The distribution by countries remains concentrated: the key burden is borne by Germany, Poland, and the Czech Republic. In Germany there are about 1,196,645 people — roughly 27.8% of the total; in Poland — about 992,505 people (around 23%); in the Czech Republic — about 378,420 people (about 8.8%). Taken together this is almost three-fifths of all recipients of protection, therefore it is precisely these economies and their social systems that first react to any changes in inflow: in large agglomerations the issues of housing affordability become acute, the need for school places and language courses grows, and municipal budgets face continuous obligations.

In such conditions, reception policy inevitably shifts to an integration agenda. Coming to the fore are the accelerated recognition of qualifications, intensive language programs, access to kindergartens and schools, as well as reskilling instruments. The labor market becomes the main shock absorber: the faster people move into formal employment, the lower the budgetary burden and the more noticeable the multiplier effect for domestic demand. At the same time, the housing issue remains the key risk: concentration in capital and industrial regions pushes rental rates upward and increases social tension. Effective responses appear to be targeted rent subsidies, accelerated renovation and construction of social housing, as well as a more even distribution of placements among municipalities.

Finally, the predictability of financing and interagency coordination at the EU and national government levels becomes critically important. Even with the current “soft” monthly increase, unreliable sources of funds quickly turn a manageable situation into a problem for local budgets. On the horizon of the coming months, the key indicators of resilience will be the growth rates of protection beneficiaries, the share of those employed, indicators of school and preschool integration, the dynamics of rental rates in concentration regions, and the speed of transition from emergency measures to long-term programs. Overall, the picture of stable but continuing growth with high concentration in Germany, Poland, and the Czech Republic requires shifting efforts from short-term aid to systemic integration — precisely this will make it possible to reduce budgetary costs and turn the humanitarian response into a sustainable socio-economic result.

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State Bureau of Investigations (SBI) detained former chairman of board of Ukrenergo

Employees of the State Bureau of Investigations (SBI) notified a Lviv businessman of their suspicions and detained the former chairman of the board of Ukrenergo on suspicion of fraudulent appropriation of funds from the state-owned enterprise EK Ukrenergo.
“Under the procedural guidance of the Office of the Prosecutor General, the SBI notified a Lviv businessman of suspicion and detained the former chairman of the board of Ukrenergo on suspicion of fraudulent appropriation of funds from NEC Ukrenergo,” the SBI reported on its Telegram channel on Tuesday.
“The scheme was organized by a Lviv businessman who had previously been exposed by the SBI for purchasing low-quality clothing for the needs of the Armed Forces of Ukraine for more than UAH 1 billion,” the agency said.
According to the bureau, in 2018, during tenders for the reconstruction of the external fencing of substations of the Southern and Western power systems, the official colluded with representatives of a private company.
At that time, as specified by the SBI, he held the position of deputy director for investments at the state-owned enterprise “NPC Ukrenergo.”
“Two contracts were signed between the parties for a total amount of over UAH 68 million. After that, the state-owned enterprise transferred over UAH 13.7 million in advance payments to the contractor, which the perpetrators embezzled,” the bureau said.
The SBI report does not name the individuals involved. They are former Ukrenergo head Volodymyr Kudrytskyi and Lviv businessman Ihor Hrynkevych.
Earlier, a source in law enforcement agencies told Interfax-Ukraine that SBI employees had detained former Ukrenergo head Volodymyr Kudrytskyi in the Lviv region and were preparing to charge him with fraud on an especially large scale.
The agency’s source specified that the case concerns businessman Ihor Hrynkevych and the alleged misappropriation of state-owned company funds during tenders for the reconstruction of power system facilities back in 2018.

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Montenegro temporarily rolls back visa-free travel with Türkiye: security, migration, and reputational risks for the economy

After a nighttime incident in Podgorica, where a group of Turkish citizens stabbed a local resident during a conflict, the government of Milojko Spajić announced a temporary suspension of the visa-free regime for Turkish citizens—a political signal that security and entry controls take priority over previous openness (visa-free travel had been in place since 2008). The decision was confirmed by leading international media and government sources, which record both the incident itself and the authorities’ response formula—“a temporary pause + a rules review,” with the prospect of further consultations with Ankara on a new visa regime.

According to police reports, after a weekend marked by tension in the capital, several dozen foreigners—primarily citizens of Türkiye and Azerbaijan—were detained; President Jakov Milatović publicly called for calm and condemned retaliatory attacks on Turkish citizens and their property. This set of actions—stepped-up patrols, selective checks of legal stay, and preventive detentions—aligns with the logic of a “rapid stabilization” of order following stabbing incidents.

The socio-political backdrop has sharpened: anti-Turkish slogans were heard on the streets of Podgorica, and acts of vandalism were recorded—in particular, a business owned by a Turkish citizen in the city center was trashed, and a Turkish owner’s car was set on fire. These episodes heighten the risk of “collective responsibility,” when a single criminal offense triggers a chain of xenophobic reactions that harm people’s safety and the business climate.

The interstate dimension is developing in parallel: Türkiye’s foreign ministry promptly reached out to the Montenegrin prime minister and security officials, insisting on guarantees of rights and protection for Turkish citizens; Podgorica, for its part, declares “intensive consultations” with Ankara to find a model that combines public safety with continued economic interaction. This means that the “pause” in visa-free travel is not only a punitive gesture but also an instrument for reformatting access rules: new forms of short-term visas, mandatory registration procedures, or higher criteria for business visitors are possible.

The economic projection of the situation is ambiguous. Turkish business in Montenegro is a notable player in trade, hospitality, and real estate, especially along the Adriatic coast; rolling back visa-free travel will almost certainly reduce the mobility of entrepreneurs and workers, complicate seasonal planning, and slow transactional processes. Estimates of the size of the Turkish community vary: a number of sources cite roughly 13.3 thousand officially resident Turkish citizens (which is higher than the 2–3 thousand estimates mentioned in some materials), and for this group a clear, predictable procedure for extending stays and conducting business is crucial to avoid an outflow of investment and a “cooling” of employment in tourism and services.

At the domestic political level, the authorities’ decision serves several functions at once: it demonstrates control and sensitivity to the demand for security; cuts off the argument about “open gates” for offenders; and simultaneously mitigates reputational risks vis-à-vis the EU, with which Montenegro is negotiating membership, by aligning migration regimes and public-order standards with European practice. However, excessive “toughness” without simultaneously restraining xenophobia may provoke an escalation of ethnic tension and inflict long-term damage on the country’s investment image—this is precisely why the president’s message about the inadmissibility of attacks on Turks is a systemically important marker of balance.

From this follow the near-term scenarios. The first is “controlled thawing”: after stabilization and de-escalation of violence, and after technical parameters are agreed with Ankara, Podgorica restores simplified entry in an updated format (for example, through mandatory declarations of travel purpose or expedited category-based visas for investors and workers). The second is a “long pause”: the visa regime becomes entrenched, criteria for verifying the very purpose of entry and the legality of stay grow stricter, and Turkish companies’ business processes become costlier and slower, with a risk of investment being reallocated to neighboring jurisdictions. The third is “social turbulence”: if law-enforcement response to anti-Turkish pogroms is unsystematic, public sentiment will radicalize, and even a properly calibrated visa filter will not compensate for the loss of investor and tourist confidence. At present, government communications—about consultations with Türkiye and safeguarding public order—indicate that the bet is on the first, compromise path.

In summary, Montenegro’s decision to suspend visa-free travel is a system-level “alarm signal”: the authorities are simultaneously extinguishing a situational security crisis and trying to revise the architecture of migration procedures according to standards of control and predictability. However, the sustainability of this course will be determined not only by the strictness of border filters, but also by the state’s ability to protect lawful residents and entrepreneurs from collective punishment, hold perpetrators accountable, and preserve channels of economic cooperation with Türkiye—a partner that is already demanding security guarantees for its citizens and is ready to negotiate new rules of the game.

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Import changes in % to previous period in 2024-2025

Import changes in % to previous period in 2024-2025

Source: Open4Business.com.ua

New elevator is being built in Khmelnytskyy region

Elevator with a capacity of 40 thousand tons of storage is being built in Khmelnitsky region, reported the company “AktivProject” LLC, which is engaged in installation.

“In Khmelnitsky region the construction of another elevator continues. The customer decided to implement the project in full at once, without dividing it into queues,” the company wrote on its Facebook page.

The total storage capacity will be 40 thousand tons. The capacity of transport equipment is 100 tons/hour.

“The peculiarity of this facility is the installation of load cells on the shipping hopper, which will ensure accurate batching and simplify the process of loading grain into road transport,” – emphasized in “ActiveProject”.

OOO “AktivProject” specializes in complex design and installation of grain storage and processing facilities (elevators, feed, flour milling, oil extraction, grits plants), commodity warehouses and logistics complexes.

 

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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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