Business news from Ukraine

Business news from Ukraine

There are 256 companies registered in Ukraine with Bulgarian beneficial owners

There are 256 companies registered in Ukraine with Bulgarian beneficial owners that filed financial statements for 2025; 46 of them—or nearly one in six—have annual revenue exceeding 100 million UAH.

The combined revenue of these companies for 2025 totaled 24.72 billion UAH, which is 6% less than the previous year, according to data from Opendatabot published on August 10.

The largest company with Bulgarian owners in terms of revenue was “Construction Machinery,” which distributes construction equipment. Its revenue totaled 4.43 billion UAH, compared to 4.29 billion UAH in 2024.

In second place was “Green Cool,” a company operating in the import and distribution of food products, with revenue of 2.09 billion UAH. A year earlier, the company reported 2.79 billion UAH in revenue.

Third place went to the energy trader “Elementum Energy Trade,” with revenue of 1.85 billion UAH, compared to 1.1 billion UAH in 2024. Next were the Kostopol Glassworks, with 1.8 billion UAH, and the Dniester Wind Farm, with 1.56 billion UAH.

The top ten also included “Plastchem Ukraine” with revenue of 1.51 billion UAH, “Compressors International” with 1.28 billion UAH, “Sopharma Ukraine” with 0.95 billion UAH, the insurance company “Euroins Ukraine” with 0.91 billion UAH, and “Sanvin 5” with 0.7 billion UAH.

Thus, several industries are represented among the largest Ukrainian companies with Bulgarian capital: trade, energy, industrial manufacturing, pharmaceuticals, and insurance.

According to Opendatabot, a total of 256 companies with Bulgarian beneficiaries filed financial statements for 2025. At the same time, business concentration is quite high: just 46 companies generate annual revenue exceeding 100 million UAH.

 

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Road passenger transportation in Ukraine rose in price by 30.8%, fuel by 28% — State Statistics Service

Transportation prices in Ukraine in July 2026 were 18.6% higher than a year earlier, according to data from the State Statistics Service. In just one month, transportation prices rose by 1.3%. The most significant increase was recorded in passenger road transportation—up 6% in July and 30.8% compared to July 2025.

Overall, transportation services rose in price by 28.9% over the year and by 25.7% since the beginning of 2026. Passenger rail transportation became 2.7% more expensive over the month and 15.5% more expensive over the year.

Another significant factor remains the cost of fuel. In July, fuel and lubricants became 0.1% cheaper compared to June; however, compared to July of last year, they were 28% more expensive, and since the beginning of the year—26.5% more expensive.

Thus, transportation costs are rising significantly faster than the overall consumer market: annual inflation in Ukraine stood at 7.7% in July, while transportation inflation was 18.6% and transportation services inflation was 28.9%.

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Ukraine’s pharmacy market grew to nearly 121 bln hryvnia in first half of year

Pharmacy sales in Ukraine from January to June 2026 increased by 15% in monetary terms compared to the same period in 2025—reaching nearly 121 billion hryvnia—while in volume terms, they decreased by 5.8%—to approximately 533.955 million packages.

The company “Business Credit” reported this to the Interfax-Ukraine news agency, citing the results of a study it conducted.

The weighted average price of items in the pharmacy basket for the first half of the year was 226.65 UAH per package, which is 22.15% higher than in January–June 2025.

Thus, the growth of the pharmacy market in monetary terms occurred against the backdrop of a decline in the total number of packages sold and a significant increase in the average cost of pharmacy products.

At the same time, the market’s growth rate in monetary terms accelerated compared to the first quarter. In January–March, pharmacy sales increased by 11.13%—to 60.245 billion UAH—while the volume of sales decreased by 4.8%, to approximately 270.958 million packages.

At the end of 2025, pharmacy sales in Ukraine totaled over 220.287 billion UAH, which is 14.23% more than in 2024. In volume terms, they declined by 2.25% during that period.

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Prices for dietary supplements in Ukrainian pharmacies rose by 36% over first half of year

The weighted average price of dietary supplements in Ukrainian pharmacies from January through June 2026 rose by 36.36% compared to the same period last year—to 321.79 UAH per unit. This was reported to the Interfax-Ukraine news agency by Business Credit, citing the results of a pharmacy market study.

Sales of dietary supplements in monetary terms for the first half of the year increased by 15.77%—to nearly 13.516 billion UAH.

At the same time, in volume terms, sales decreased by 15.1%—to 42 million packages.

Thus, the increase in the monetary value of the dietary supplement market was accompanied by a sharp decline in the volume of goods sold and a significant rise in their average price.

By comparison, the average price of the total pharmacy shopping basket during this period rose by 22.15%—to 226.65 UAH per package—while the average price of prescription drugs increased by 13.96%, to 233.85 UAH. Thus, dietary supplements became one of the segments of the pharmacy market with the most noticeable increase in average retail price.

 

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Food products accounted for nearly 60% of Ukraine’s merchandise exports in first 7 months of 2026

Ukraine exported $14.1 billion worth of food products in January–July 2026, according to data from the State Customs Service. Based on calculations using State Customs Service statistics, food products accounted for about 58.5% of Ukraine’s total merchandise exports, which amounted to $24.1 billion over the seven-month period.

Metals and metal products ranked second among export categories at $2.5 billion, or slightly more than 10% of total exports.

Machinery, equipment, and transportation vehicles were exported in the amount of $2.1 billion, corresponding to approximately 8.7% of total exports.

Thus, food products, metal products, and machinery collectively accounted for about 77.6% of Ukraine’s merchandise exports.

Poland remained the largest market for Ukrainian goods over the seven-month period, with $2.8 billion worth of products shipped there. Exports to Turkey totaled $2 billion, and to Germany—$1.5 billion.

Overall, Ukrainian exports in January–July 2026 grew by 3.8% compared to the same period last year—rising to $24.1 billion from $23.2 billion.

At the same time, imports grew much faster—by 26.6%, to $58.1 billion.

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Court Eases Pretrial Restrictions on Andriy Yermak

An investigating judge of the High Anti-Corruption Court (HACC) partially granted the motion filed by the defense team of Andriy Yermak, former head of the Office of the President, and eased his pretrial restrictions, allowing him to travel from Kyiv and the Kyiv region to a number of other regions, according to a press release from the Special Anti-Corruption Prosecutor’s Office (SAPO).

“On August 10, 2026, the investigating judge partially granted the motion filed by the defense attorneys of the former head of the Office of the President of Ukraine—who is suspected of laundering assets obtained through criminal means during the construction of a private cottage community near Kyiv—and modified the procedural obligations previously imposed on him,” the SAP stated in a Telegram post on Monday.

Yermak was permitted to travel outside Kyiv and the Kyiv region to the Dnipropetrovsk, Donetsk, Zaporizhzhia, Mykolaiv, Sumy, Kharkiv, and Kherson regions, with the option of transit. “Thus, the obligation not to leave Kyiv and the Kyiv region without the permission of a detective, prosecutor, or court has been replaced with the obligation not to leave the boundaries of Kyiv, the Kyiv, Dnipropetrovsk, Donetsk, Zaporizhzhia, Mykolaiv, Sumy, Kharkiv, and Kherson regions without such permission, with the possibility of transiting through other regions,” the SAPO stated in its announcement.

The defense explained that the trips to these regions were related to the suspect’s participation in a project providing legal assistance to military personnel. The defense’s decision to file this motion with the court was prompted by the simultaneous receipt by the SAPO and NABU of a series of letters with similar content from military unit commanders on behalf of the suspect.
The court denied the defense’s motion to remove Andriy Yermak’s electronic ankle monitor (a monitoring device).

As previously reported, on May 11, NABU and the SAP announced the exposure of an organized group suspected of laundering 460 million hryvnias through an elite construction project near Kyiv—one of the participants in the scheme was former Presidential Office head Yermak, who was formally charged. On May 12, anti-corruption authorities announced that six more members of the organized group had been charged in this case, including a former deputy prime minister and a businessman (one of the leaders of the criminal organization exposed in November 2025 as part of the “Midas” special operation). These are likely businessman Timur Mindich and former Deputy Prime Minister of Ukraine Oleksiy Chernyshov.

According to the investigation, between 2021 and 2025, the suspects “laundered” over 460 million hryvnias through the construction of a cottage community in Kozin, Kyiv Oblast. The project involved the construction of four private residences with auxiliary buildings and structures, as well as a spa area (the so-called “Dynasty Cooperative”), on land plots with a total area of approximately 8 hectares.

On May 14, the High Anti-Corruption Court imposed a pretrial detention order on Yermak, with the right to post bail in the amount of 140 million hryvnias. On May 18, the full bail amount was posted for Yermak, and he was released from pretrial detention.

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