Business news from Ukraine

Business news from Ukraine

Five Largest Companies Accounted for Half of Ukraine’s Diesel Fuel Imports in July

The five largest diesel fuel importers in Ukraine accounted for approximately half of all foreign supplies in July 2026, according to data from the A-95 Consulting Group.

A total of 134 companies imported diesel fuel during the month, but the top five accounted for approximately 280,000 tonnes out of the total volume of 562,000 tonnes. Thus, their combined share amounted to approximately 49.8% of the import market.

The OKKO Group was the largest importer, bringing in 73,100 tonnes of diesel fuel. Its supplies increased by 32% compared with July last year.

The state-owned Ukrnafta ranked second with 59,800 tonnes. The company demonstrated significantly stronger growth, increasing its imports 2.4-fold compared with July 2025.

UPG ranked third with a volume of 53,200 tonnes.

AT Energo Trade ranked fourth with 50,700 tonnes, while WOG placed fifth with 42,900 tonnes. These figures are presented in the A-95 infographic showing the top 10 diesel fuel importers for July.

Thus, OKKO and Ukrnafta alone accounted for almost 133,000 tonnes, or approximately 24% of total monthly imports.

At the same time, the highest growth rate among market participants was demonstrated not by a company in the top five, but by Zakhidna Palyvno-Enerhetychna Kompaniia (ZPEK). It increased its supplies 5.3-fold to 31,900 tonnes.

The ten largest importers also included companies with supply volumes ranging from approximately 20,000 to 35,000 tonnes.

The growing concentration of major suppliers is taking place against the backdrop of an overall increase in imports. In July, Ukraine imported 562,000 tonnes of diesel fuel, 5% more than a year earlier.

However, as A-95 Director Serhii Kuiun noted, even these volumes proved insufficient to meet the sharply increased demand. The market experienced a diesel fuel shortage due to a price-driven buying rush, increased activity among industrial and private buyers, and growing fuel consumption in the transport sector.

A-95 expects a more balanced situation in August as a result of increased supplies and lower global fuel prices.

Source: A-95 Consulting Group, Experts Club

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“TAS Agro” Has Completed Harvest of Early Grain and Oilseed Crops on 33,500 hectares

The “TAS Agro” agricultural holding has completed the harvest of early grain and oilseed crops on a total area of 33,500 hectares, the company’s press service reported.

Winter wheat was harvested from 21,000 hectares with an average yield of 5.8 metric tons per hectare. Winter rapeseed was harvested from 12,500 hectares with an average yield of 3.6 metric tons per hectare.

“This year’s rapeseed harvest was one of the most impressive results of the season. The company used strip-till technology across all its fields, which—combined with precise planning, high-quality crop protection, and the team’s prompt decision-making—enabled us to achieve high yield figures,” the statement noted.

As the company clarified, part of the rapeseed harvest has already been sold in western markets, while another portion will be sent for processing and subsequent export. TAS Agro plans to sell wheat using a flexible model depending on the price ratio between crops and market conditions.

The company has already begun preparations for planting winter rapeseed.

The “TAS Agro” agricultural holding is part of the “TAS” Group, which was founded in 1998. Its business interests span the financial sector (banking and insurance segments) and the pharmaceutical industry, as well as manufacturing, real estate, and venture capital projects.

Serhiy Tihipko is the founder of “TAS” and the beneficial owner of the “TAS Agro” agricultural holding.

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Polish ORLEN Accounted for Almost a Quarter of Ukraine’s Diesel Fuel Imports in July

Polish company ORLEN S.A. supplied Ukraine with a total of 137,000 tonnes of diesel fuel from its refineries in Poland and Lithuania in July 2026, retaining its status as the largest corporate supplier of the resource to the Ukrainian market.

The company’s supply volume increased by 25% compared with July 2025 and by 61% compared with July 2024, according to data from the A-95 Consulting Group.

In total, Ukraine imported 562,000 tonnes of diesel fuel in July. Thus, ORLEN accounted for about 24.4% of total monthly imports, or virtually every fourth tonne of diesel imported into the country.

The growth in ORLEN’s supplies is taking place alongside the increasing role of the Polish and Lithuanian routes in Ukraine’s fuel logistics.

In July, 202,800 tonnes of diesel fuel were imported from Poland, compared with 161,000 tonnes a year earlier, representing growth of about 26%. Supplies from Lithuania increased even faster—by 65%, from 51,200 tonnes to 84,300 tonnes.

A-95 Director Serhii Kuiun attributes the increased pressure on the Polish route primarily to the record shallowing of the Danube and security risks that complicated traditional logistics via the southern route.

At the same time, despite a 5% year-on-year increase in total imports, the Ukrainian market faced a diesel fuel shortage in July. Among the reasons, A-95 cites rising global prices following a renewed escalation in the Middle East, increased demand from industrial and private buyers, and higher fuel consumption due to the rerouting of part of agricultural exports to road and rail transport.

In August, analysts expect the situation to normalise thanks to lower global prices for petroleum products and increased supplies.

Source: A-95 Consulting Group, Experts Club

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“Ukrsadvinprom” has begun recruiting Ukrainian companies to participate in SIAL Paris 2026 international trade show

The Ukrsadvinprom Trade Center has begun forming a Ukrainian delegation to participate in the SIAL Paris 2026 international food industry exhibition, which will take place October 17–21 at the Paris Nord Villepinte Exhibition Center in France.

Ukrainian producers of food and beverages, fruits, vegetables, berries, nuts, and processed products, as well as other companies in the agri-food sector, are invited to participate.

Ukrsadvinprom expects that participation in the exhibition will allow Ukrainian companies to present their products to international importers, distributors, and buyers; conduct negotiations on future contracts and shipments; and find new partners and expand their export markets.

As is traditional at SIAL, special attention is given to new products, food industry technologies, packaging, and changes in consumer demand. For Ukrainian companies, the exhibition can serve as a platform both for finding direct buyers and for studying the requirements of major international markets.

According to the organizers, SIAL Paris is held every two years and expects to welcome approximately 295,000 trade visitors from about 200 countries in 2026. Around 8,000 exhibitors are expected to participate, showcasing approximately 400,000 products. The total exhibition area will exceed 280,000 square meters.

The exhibition brings together food and beverage manufacturers, international retail chains, importers and exporters, distributors, foodservice companies, and representatives of the food industry. SIAL Paris is positioned by its organizers as one of the world’s largest professional platforms for the food sector and innovations in the agri-food industry.

Ukrsadvinprom notes that Ukrainian companies that participated in international exhibitions alongside the association in previous years used such events to establish new business contacts, expand their export markets, and develop partnerships with foreign buyers.

Information on the terms of participation for Ukrainian producers at SIAL Paris 2026 is available from “Ukrsadvinprom” via email at info@ukrsadvinprom.com.

“Ukrsadvinprom” is the Public Union “Association of Gardeners, Grape Growers, and Winemakers of Ukraine,” which brings together approximately 200 producers of fruits, berries, nuts, and grapes. The organization supports companies in the industry, develops exports, promotes Ukrainian products in foreign markets, handles certification, and establishes contacts with foreign buyers. Members of the association export their products to international markets. The head of “Ukrsadvinprom” is Volodymyr Pechko.

SIAL Paris is an international trade show for the food industry held in Paris every two years. In 2026, it will take place from October 17 to 21 at Paris Nord Villepinte. The exhibition covers ten key sectors of the food industry—from fresh produce, meat, fish, dairy products, and beverages to groceries and food processing solutions.

Organizers expect approximately 8,000 participating companies and industry representatives from 200 countries.

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Civil engineering has become segment with fastest-rising prices in Ukraine

The cost of construction and installation work on civil engineering projects in Ukraine in June 2026 rose by 24.3% compared to June of last year—the highest rate among the major construction segments. According to data from the State Statistics Service, nonresidential construction rose in price by 23.8% over the same period, while residential construction rose by 19.2%. On average across the construction industry, the increase was 23.1%.

Civil engineering also led the way in terms of monthly trends. In June, compared to May, prices in this sector rose by another 1.8%, compared to 1.3% in non-residential construction and 0.8% in residential construction.

In the second quarter of 2026, civil engineering and installation work cost 22.4% more than in April–June of the previous year. A similar increase—22.4%—was recorded in non-residential construction, while residential construction prices rose by 18.2%.

The quarterly trends are particularly telling. Compared to the first quarter, prices for engineering work rose by 12.4% in the second quarter, and for non-residential construction by 12%, while the residential sector saw an increase of only 0.4%.

According to Andriy Ozeychuk, owner and director of the engineering and construction company Rauta, the shortage of skilled workers remains one of the key factors driving up construction costs.

“The market is currently short about 30% of construction specialists,” Ozeychuk noted, commenting on the situation in the industry in February 2026.

According to his data, the labor shortage has already led to a noticeable acceleration in wage growth. While wages in the construction sector grew by an average of approximately 15–20% annually between 2022 and 2024, the growth rate reached 25–30% in 2025. Wages rose particularly sharply for concrete workers—by 50%, surveyors—by 44%, and concrete pourers—by 38%.

Thus, the current rise in the cost of construction work is not driven solely by prices for building materials and equipment. The cost of construction work itself and labor is playing an increasingly important role.

Ozeychuk also drew attention to the long-term nature of the labor shortage. According to him, vocational schools are facing both a shortage of students enrolling in construction programs and a high dropout rate as early as the first years of study.

“In the long run, this could lead to an even greater labor shortage and slow down Ukraine’s recovery,” says the owner of Rauta.

According to the company’s estimates, the labor shortage is already forcing the construction industry to seek workers outside Ukraine, particularly in India, Nepal, Bangladesh, and Pakistan.

The rising cost of civil engineering is of particular importance to Ukraine due to the massive need to rebuild energy, transportation, utilities, and other critical infrastructure. According to Rauta’s estimates for 2025, the segment of critical infrastructure restoration and protection already accounted for about 20% of the Ukrainian construction market.

Therefore, further increases in the cost of civil engineering work could directly impact the cost estimates for restoration projects. If the cost of construction and installation work rises by 20–25%, projects whose budgets were established much earlier may require additional funding or a revision of technical solutions and implementation timelines.

At the same time, non-residential and infrastructure construction remain among the most active segments of the market. In 2025, the main targets for investment in commercial real estate were warehouse, industrial, and retail buildings, while the most attractive regions for new construction were the Kyiv, Lviv, and Ivano-Frankivsk regions, Ozeychuk noted.

In the first half of 2026, civil engineering construction costs rose by 16.1% year-over-year, non-residential construction by 16.5%, and residential construction by 13.7%.

“Rauta” operates in the fields of design, construction, and installation of buildings and is a member of the European Construction Industry Association. According to data from the Unified State Register, Andriy Ozeychuk owns 100% of the company’s authorized capital.

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Largest Cocaine Shipment in Last 5 Years Seized in Ukraine

The Security Service of Ukraine dismantled an international drug smuggling ring operating out of Southern Europe and seized the largest shipment of cocaine since the start of the full-scale war, valued at approximately 70 million hryvnia. As part of a special operation in the Kyiv, Dnipropetrovsk, and Lviv regions, ten suspected members of an international drug syndicate were detained simultaneously, the SBU reported on August 12.
According to the security service, the group was involved in the distribution of wholesale shipments of cocaine, ecstasy, and other psychotropic substances imported from abroad. The SBU estimates the monthly revenue from these illegal activities at 15–20 million hryvnias.
Investigators believe a Kyiv resident was the organizer of the group’s activities in Ukraine. According to law enforcement, he recruited people to distribute drugs in various regions of the country.
During the first series of searches, SBU officers discovered approximately 2 kg of cocaine and other prohibited substances. Subsequently, more than 8 kg of cocaine and other potent substances were found in hiding places. The SBU estimated the total value of the seized substances at approximately 70 million hryvnias.
Thus, this amounts to approximately 10 kg of cocaine, not including the other seized substances. The SBU describes this shipment as the largest the agency has uncovered in Ukraine since the start of the full-scale war.
The ten detainees have been notified of charges under Part 3 of Article 307 of the Criminal Code of Ukraine—the illegal production, acquisition, storage, transportation, or sale of narcotic drugs and psychotropic substances committed by an organized group. They are currently in custody. The investigation has also established the possible involvement of three Ukrainian citizens currently in Spain in organizing the trafficking route. The issue of their extradition to Ukraine is currently being resolved.
The operation was carried out by SBU officers under the procedural supervision of the Dnipro District Prosecutor’s Office in Kyiv.
The SBU operation comes amid high cocaine supply in Europe. According to the 2026 European Drug Report, cocaine remains the second most prevalent illicit drug in Europe after cannabis. Approximately 4.3 million Europeans aged 15–64 have used it in the past year.
The EUDA notes that large shipments of cocaine continue to flow into Europe primarily from South America, with international criminal networks actively exploiting global commercial and maritime cargo flows. Large quantities of the drug are regularly seized at European ports.
Spain and the Western Balkans are a key component of the European system for combating international drug trafficking, primarily due to the activities of major organized crime groups in the region.
Europol notes that certain criminal networks linked to Montenegro are involved in organizing large-scale cocaine shipments from South America to European markets and have connections both within the EU and in Latin America.
In April 2026, Europol reported the arrest in Montenegro of one of the leading members of the so-called “Balkan Cartel.” Montenegrin law enforcement authorities charged a group of suspects in connection with the illicit trafficking of approximately 2,700 metric tons of cocaine between October 2024 and April 2026. The drugs had previously been seized during several operations in EU countries and South America.

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