Citizens of which countries own businesses in Ukraine?
According to the Unified State Register, as of mid-March 2026, nearly 3,000 companies with foreign owners that file financial reports and have annual revenues of at least 100 million UAH were recorded in Ukraine. Citizens of Cyprus are among the owners of nearly a quarter of these companies. And the largest number of businesses with foreign owners are registered in the capital. Foreigners most often choose the wholesale trade, agriculture, and IT sectors for their companies.
There are currently 2,997 companies with foreign owners in Ukraine. Note that this analysis examined companies with revenue of at least 100 million UAH according to their 2025 financial statements.
Nearly a quarter of the companies have owners from Cyprus—694 companies. Next are German citizens—they are represented in 300 companies—and the United States—292. Following are the Netherlands (239 companies), the United Kingdom (224), Austria (187), and Poland (146). It is worth noting that a single company may have multiple owners.
It should be noted that Cyprus and the Netherlands have long remained key “hubs” for structuring Ukrainian businesses.
Nearly half of all companies with foreign owners—1,478 businesses—are registered in Kyiv. Next are Lviv and Kyiv regions—223 in each region. The fewest such businesses are in the frontline regions of Kherson and Donetsk.
More than a quarter of all foreign-owned companies operate in wholesale trade—774. Another 268 companies are in agriculture and 176 in IT.
https://opendatabot.ua/analytics/foreigners-business-2025-12
In the 2026 season, the Agrain agricultural holding increased its spring crop acreage by 1.23 times compared to 2025—to over 33,000 hectares.
According to a statement by the agriholding’s press service on Facebook, corn and sunflowers will remain the main crops in the planting mix. The area planted with corn will nearly double compared to 2025 levels, reaching over 25,000 hectares. The expansion of this crop will occur primarily in the Chernihiv, Cherkasy, and Zhytomyr regions.
At the same time, the company will reduce the area under sunflowers by nearly 39%—to 8,000 hectares—due to crop rotation requirements and consideration of climatic risks.
The crop mix will also retain 2,000 hectares of niche crops, including coriander, flax, and lentils. The company noted that these are used to improve crop rotation and restore soil fertility.
Agrain attributed the changes in its production plans to a combination of market priorities—specifically, rising demand for corn—as well as agronomic factors, such as stable yields and moisture levels.
Agrain is engaged in the cultivation and storage of grain and oilseed crops, as well as livestock farming. Prior to the full-scale Russian invasion, the agricultural holding comprised 11 agricultural enterprises. It cultivated approximately 110,000 hectares in the Zhytomyr, Kharkiv, Chernihiv, Odesa, and Cherkasy regions.
The holding’s owner is SAS Investcompagnie (France).
Shareholders of the Kryvyi Rih Mining and Metallurgical Plant, PJSC “ArcelorMittal Kryvyi Rih” (AMKR, Dnipropetrovsk region), intend to review the results of operations for 2025 and hold elections for members of the supervisory board.
According to the company’s announcement in the National Securities and Stock Market Commission (NSSMC) disclosure system regarding the remote general meeting of shareholders to be held on April 20, there are nine items on the agenda.
The meeting is scheduled to review the reports of the supervisory board and the auditor for 2025 and adopt relevant resolutions. It is planned to approve the results of financial and operational activities for 2025 and approve the procedure for covering losses. Additionally, shareholders plan to terminate the powers of the supervisory board members and elect new ones.
Draft resolutions, copies of which are available to the Interfax-Ukraine agency, propose covering the loss incurred as a result of AMKR’s financial and operational activities in 2025 using future profits.
“ArcelorMittal Kryvyi Rih” is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebar and wire rod.
ArcelorMittal owns Ukraine’s largest mining and metallurgical complex, “ArcelorMittal Kryvyi Rih,” and a number of smaller companies, including PJSC “ArcelorMittal Beryslav.”
As a result of the introduction of a zero quota on the export of ferrous metal scrap effective January 1 of this year, the scrap collection industry is losing its potential, reducing raw material procurement, and being forced to lay off employees, stated the head of the Ukrainian Association of Secondary Metals (UAVtormet) Volodymyr Bubley said this at a press conference held at the Interfax-Ukraine press center on Tuesday, titled “Ban on scrap exports: economic consequences for the market and the state.”
According to him, the ban on scrap metal exports—without balancing consumption and procurement of this raw material—has essentially had a negative impact on the operations of scrap metal procurement companies. At the same time, steel production in Ukraine has fallen: in January-February 2026, compared to the same period in 2025, steel production decreased by 13.3%—from 1.183 million tons to 1.026 million tons.
At the same time, the purchase of ferrous metal scrap by metallurgical enterprises decreased significantly—by 31.7%, from 257,800 tons to 176,000 tons. Meanwhile, procurement fell by 41.1%—from 313,600 tons to 184,800 tons.
“Previously, scrap exports accounted for 20–25%. We felt more comfortable operating in the domestic market. We are still operating there now, and we want to continue working in Ukraine,” said Bubley, emphasizing that the price of scrap in the EU is more attractive and has reached 300–330 euros per ton.
“The state loses 12 million euros every month due to the export ban. It loses 200 million hryvnias in taxes. Meanwhile, steelmakers are 112% supplied with scrap,” the head of UAVtormet cited his data.
According to his estimates, Ukraine will produce 7.4 million tons of steel in 2026, which will require 1.5 million tons of scrap—the industry can supply up to 2 million tons of scrap.
Serhiy Vovk, CEO of Ukrmet-Invest LLC, noted that the scrap metal collected by companies is not being purchased by steel mills; his company’s scrap metal stockpile has currently reached 13,000 tons. “Export is the only way for the industry to survive,” the CEO believes.
Vladislav Kleshchynskyi, CEO of the Ukrmet Group of Companies, added that the ban was imposed due to an alleged scrap metal shortage.
“But there is no shortage. Steel mills purchase 30–50% at most. So it’s impossible to call this a shortage. Right now, the scrap market in Ukraine is a market of metallurgical enterprises that dictate prices. We have already cut our staff by 50%, 35 divisions are operating at 20% of their capacity, and we have shut down our entire export infrastructure,” the CEO stated.
Mykola Klimovich, Director of Mirten LLC, clarified that in 2022–2026, the scrap market will be in surplus, and scrap exports were an opportunity to sell it.
According to experts, following the government’s ban on scrap exports, the procurement sector is in a “severe recession” with a trend toward further reductions in procurement.
Earlier, Bubley stated that the export ban automatically affected not only procurement volumes but also domestic prices, as reduced competition allowed steelmakers to act as monopolists in the domestic market. Thus, the cost of one ton of scrap at procurement sites has halved: from 8,000 UAH/t to 4,000 UAH/t.
Under these conditions, companies engaged in scrap procurement are forced to reduce their workforce. In January–February 2026, compared to the same period last year, the number of employees in the industry decreased significantly. In just the first two months, companies in our industry were forced to lay off about 2,000 employees, reported the head of UAVtormet.
“The trend is grim: almost every day we receive reports from companies about a complete shutdown of operations or significant staff reductions. According to our forecasts, 4,000 workers will be laid off in the industry by May,” Bubley predicted earlier.
According to UAVtormet’s research, due to the export ban, the state is losing approximately 200–250 million UAH in taxes each month. A separate category of losses is foreign exchange revenue: approximately 25 million euros have already been lost.
As reported, Ukrainian companies reduced exports of ferrous metal scrap by 77.3% in January–February of this year compared to the same period last year—to 9,309 thousand tons from 40,980 thousand tons. According to statistics from the State Customs Service (SCS), there were no exports in February; 9,309 thousand tons were exported in January, and a record 68,520 thousand tons of scrap were exported in December 2025.
In 2025, Ukraine’s scrap metal processing enterprises increased exports of ferrous metal scrap by 45.3% compared to the previous year—to 448,685 thousand tons from 293,190 thousand tons.
Due to the sharp increase in exports of strategic raw materials from Ukraine, the Ministry of Economy initiated the introduction of a licensing and quota system for scrap exports, setting a zero quota. The government temporarily imposed a zero export quota for 2026 on the export of ferrous metal scrap.
Scrap collection companies in Ukraine increased exports of ferrous metal scrap by 60.7% in 2024 compared to 2023—to 293,190 thousand tons from 182,465 thousand tons. In monetary terms, scrap exports for the year rose by 73.2%—to $91.311 million from $52.723 million.
Sources: https://interfax.com.ua/news/press-announcement/1153229.html; https://uavtormet.com/en/na-mezhi-katastrofy-zagotivlya-bruhtu-chornyh-metaliv-vpala-na-40/
JSC “Ukrenergomashiny” (Kharkiv), more than 75.22% of which is owned by the state, plans to allocate nearly UAH 2.305 million, or 75% of its net profit, to dividend payments based on its 2025 performance, according to a draft resolution of the general meeting of shareholders.
According to a notice of the meeting posted on the National Securities and Stock Market Commission’s disclosure system on April 23 of this year, the remaining 25% of the profit is planned to be retained as undistributed.
“Ukrenergomashiny” does not specify the amount of net profit earned last year, but according to calculations, it exceeded 3 million UAH.
As reported, last year the company paid dividends to shareholders for 2024 totaling UAH 0.66 million (or, in accordance with the state dividend policy, 75% of the net profit earned in the amount of UAH 0.88 million) at a rate of UAH 0.00156 per share with a par value of UAH 0.25.
At the meeting, shareholders plan, in particular, to approve the company’s main areas of activity for the current year and to ratify agreements with TAScombank.
JSC “Ukrenergomashiny” (formerly JSC ‘Turboatom’ and “Elektrovazhmash”) is Ukraine’s sole manufacturer of turbine equipment for hydroelectric, thermal, and nuclear power plants. It also manufactures, among other things, electric motors for rail and urban transport (the “Elektrovazhmash” product line).
In addition to the state, the company’s shareholders (according to the NSSMC as of the fourth quarter of 2025) include the “Seventh” investment fund, managed by the asset management company “Svarog Asset Management” and associated with entrepreneur Kostyantyn Hryhoryshyn, holding 15.3416% of the shares, non-resident Valery Valandin – 5.598% of shares.
