Business news from Ukraine

Business news from Ukraine

Kyiv Accounted for Over 40% of Increase in Companies in Ukraine

Kyiv ranked first among Ukraine’s regions in terms of net growth in the number of companies in the first half of 2026, according to Opendatabot, citing data from the Unified State Register.

The number of legal entities in the capital increased by 5,338 thousand over the six-month period. Thus, Kyiv accounted for over 40% of the total net increase in companies in Ukraine, which amounted to 13,195 thousand.
Lviv Oblast took second place with an increase of 1,220 thousand companies, while Dnipropetrovsk Oblast came in third, where the number of legal entities rose by 1,177 thousand.

An increase in the number of companies was recorded in 23 regions of Ukraine, while a decrease was observed in four.
The largest decreases were observed in regions near the front lines. In the Donetsk region, the number of companies decreased by 157, and in the Luhansk region, by 73.

Among the largest companies by revenue that have ceased operations or are in the process of liquidation, “PromoFly” leads the list with revenue of 3 billion UAH for 2025. The company is undergoing bankruptcy proceedings.
Next are “Vasaris-K” and “Volynmet,” each with revenue of 1.8 billion UAH. Both companies are also undergoing bankruptcy proceedings.

The top ten companies in the process of dissolution also include “Power UA,” “Luminovik Group,” “Grovbudgroup,” “Merezha-Service Lviv,” “Intropack Plus,” “Volt Age Plus,” and “Proteya-K.” All of them were in the process of liquidation at the time this study was prepared.

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Nearly 20,000 New Companies Were Registered in Ukraine Over Past Six Months

In Ukraine, 19,758 thousand new companies were registered from January through June 2026, an 8% increase compared to the same period last year, according to Opendatabot, citing data from the Unified State Register.

The number of newly established legal entities was the highest in the last three years. In the first half of 2025, 18,277 thousand companies were registered in Ukraine, compared to 18,414 thousand during the corresponding period in 2024.
At the same time, the number of business closures increased. Over the six-month period, 6,563 thousand companies were dissolved or began the dissolution process—a 28% increase compared to January–June 2025.

The net increase in the number of legal entities in the first half of the year was 13,195 thousand companies.
The dissolution statistics include companies with the statuses “Dissolved” and “In the process of dissolution.” However, companies for which the procedure has not yet been completed may subsequently regain their registered status.

The most common reason for dissolution was liquidation—3,479 thousand cases, or more than half of the total. As a result of reorganization, 1,410 thousand companies ceased operations, and 651 companies were dissolved due to bankruptcy proceedings.
Another 574 companies were dissolved based on court decisions unrelated to bankruptcy. In 440 cases, the reason for dissolution was not specified.

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Agricultural production in Ukraine fell by 1.6% in first half of year

Agricultural output in Ukraine from January through June 2026 decreased by 1.6% compared to the same period in 2025, while growth for the first five months stood at 1.4%, according to the State Statistics Service (Derzhstat).

According to the published data, the negative trend was driven by the crop production sector at agricultural enterprises, where a decline of 14.8% was recorded.

In contrast, the livestock sector at agricultural enterprises showed growth of 10.7%.

The best performance in crop production across all categories of farms was recorded in the following regions: Volyn (80.1%), Kherson (54.5%), Dnipropetrovsk (23.8%), Ternopil (20.7%), and Cherkasy (16.3%).

The most significant decline in crop production across all categories of farms was recorded in Donetsk Oblast (52.6%), Zaporizhzhia Oblast (35.6%), and Odesa Oblast (34.3%).

The best performance among farms of all categories in the livestock sector was recorded in Kyiv (9.1%), Cherkasy (8.2%), Dnipropetrovsk (6.6%), Chernihiv (7%), and Kirovohrad (5.9%) regions.

The most significant decline in production among farms of all categories in the livestock sector was recorded in the Donetsk (53.9%), Zakarpattia (32.9%), and Kherson (16.3%) regions.

As previously reported, agricultural production in Ukraine decreased by 6.8% in 2025 compared to 2024.

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Lithuania to Build Plant for Assembly and Repair of Leopard 2A8 Tanks

The Lithuanian defense contractor UAB Lithuania Defence Services has signed a contract with the construction company YIT Lietuva for the construction of a tank assembly and repair plant within the Kaunas Free Economic Zone, Lithuanian media reported on Monday.

“Construction is scheduled to begin in August of this year and be completed in November 2027,” the report states.

The first tank assembled in Lithuania is expected to roll off the plant’s assembly line in late 2028.

“The 13,000-square-meter plant will become one of the most important elements of Lithuania’s defense industry infrastructure—in the future, the state-of-the-art Leopard 2A8 tanks and other heavy equipment of the Lithuanian Armed Forces will be assembled and maintained here. The total cost of the project is approximately EUR29 million,” the statement added.

As previously reported, at the end of 2025, the Lithuanian Ministry of Defense and the republic’s state-owned energy holding company EPSO-G, on the one hand, and the German companies KNDS Deutschland and Rheinmetall Landsysteme, on the other, signed a memorandum of understanding on industrial cooperation in the development of infrastructure for the assembly and maintenance of Leopard 2A8 tanks.

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NBU Reduced Foreign Exchange Interventions by 5.6% to $1.01 Bln

The National Bank of Ukraine (NBU) reduced its interventions in the interbank market last week by $59.9 million, or 5.6%, to $1.0145 billion, according to statistics on the regulator’s website.

According to the National Bank’s data, during the first four days of last week, the average daily net deficit in currency purchases and sales by legal entities decreased to $140.9 million from $168.5 million during the same period a week earlier, totaling $563.7 million.

In the retail foreign exchange market, the average daily net deficit decreased: from Monday through Thursday, it stood at $9.2 million, compared to $11.6 million the week before last, and non-cash currency sales exceeded purchases on all those days.

The official hryvnia-to-dollar exchange rate, which started last week at 44.6676 UAH/$1, weakened to 44.8110 UAH/$1 by the end of the week.

The same trend was observed in the cash market, where the hryvnia-to-dollar exchange rate weakened by 12 kopecks over the past week: the buying rate fell to 44.51 UAH/$1, and the selling rate to nearly 44.90 UAH/$1.

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NBU Revoked Licenses of Insurance Companies “ASKO DS” and “Peremoha”

The National Bank of Ukraine (NBU) revoked the insurance operating licenses of PJSC “Insurance Company ‘ASKO DS’” (Kyiv) and PJSC “Insurance Company ‘Peremoha’” (Kyiv).

According to the regulator’s website, the reason for this decision regarding ASKO DS was the company’s failure to submit a business recovery plan and a financing plan to the NBU, as revealed by the results of off-site supervision of the company’s activities.

The business recovery plan was intended to ensure the insurer’s financial recovery and compliance with solvency capital requirements within no more than 180 days from the date the violation of such requirements was identified, while the financing plan was to be implemented within no more than 90 days. Failure to fulfill these obligations led to the National Bank’s repeated rejection of the insurer’s business recovery plan and financing plan.

As for IC “Peremoha,” the results of off-site supervision of the company’s activities revealed that the insurer was engaging in risky activities that threatened the interests of its policyholders and/or other creditors.

Evidence of such activities included the omission and misrepresentation in the insurer’s information systems of data contained in contracts and other source documents, on the basis of which reporting data for the relevant reporting period are calculated or generated. The extent of the omissions and distortions exceeded 10% of the reporting data and the data contained in the insurer’s information systems, and more than 20% of the minimum absolute value of the minimum capital.

The decisions to impose sanctions on ASKO-DS Insurance Company and Peremoha Insurance Company take effect on July 24, 2026. As of that date, the companies lose the right to enter into contracts or make changes (such as extending the terms of existing contracts) regarding the provision of insurance services.
ASKO-DS Insurance Company was registered in November 1991. It has been a member of the Motor (Transport) Insurance Bureau of Ukraine since 1994 and a member of the “Insurance Business” Association since 2015.

According to the National Bank of Ukraine (NBU), the company ranks 30th among Ukraine’s non-life insurers in terms of premiums collected in 2025.
As previously reported, ASKO-DS Insurance Company (formerly Mir Insurance Company, Kyiv) was registered in 1992 and specializes in risk insurance.

According to the National Securities and Stock Market Commission (NSSMC), as of the first quarter of 2026, the shareholders of this insurance company were ABC Finance LLC—79.920% of the shares—and Anastasia Kolesnik—9%.

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