Business news from Ukraine

Business news from Ukraine

Export changes in % to previous period in 2024-2025

Export changes in % to previous period in 2024-2025

Ukraine’s trade circulation in 2025 (total)

Ukraine’s trade circulation in 2025 (total)

A-95 Reports Increase in Artisanal Gasoline Production Using Duty-Free Solvents

The rise in artisanal gasoline production within Ukraine was one of the factors behind the decline in official fuel imports in August 2026, according to the A-95 Consulting Group.

According to the group, imports of automotive gasoline in August totaled 152,000 metric tons, which is 7% less than a year earlier.

“In August, gasoline shipments were lower due to large carryover stocks and the growth of domestic illicit production, driven by the ability to add tax-exempt solvents,” A-95 reported.

Experts believe that government agencies—primarily the State Tax Service—need to strengthen oversight of this sector.

“This is not only a matter of losses to the state budget but also of the questionable quality of such fuel,” the group emphasized.

The use of components not subject to excise tax as motor fuel potentially allows producers to lower the cost of gasoline blends and gain an advantage over legal market participants who pay fuel taxes in full.

At the same time, there was no overall gasoline shortage on the Ukrainian market in August. Since the beginning of 2026, official import volumes have remained higher than last year’s: 1.12 million metric tons of gasoline were imported over eight months, which is 16% more than a year earlier.

The largest importers remain OKKO, WOG, UPG, and Ukrnafta, while the main supplier countries are Lithuania and Poland.

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Ukraine has increased gasoline imports by 16% since beginning of 2026 — A-95

In January–August 2026, Ukraine imported 1.12 million metric tons of automotive gasoline, which is 16% more than during the same period in 2025, according to the A-95 Consulting Group, based on the results of a special market study.

However, gasoline imports in August alone totaled 152,000 metric tons, which is 7% less than in August of last year.

Lithuania and Poland remain the main suppliers of gasoline to Ukraine. In August, 51,800 metric tons of fuel were imported from Lithuania, accounting for 34% of total imports, and 40,100 metric tons from Poland, accounting for 26%.

Thus, the combined share of the two countries reached 60%, compared to 55% a year earlier.

The ORLEN Group, which owns oil refineries in Lithuania and Poland, remains the largest source of imported gasoline. In August, the group’s enterprises shipped 78.8 thousand metric tons of gasoline to Ukraine, accounting for 52% of all imports for the month.

Imports from Germany fell by 13% in August, to 18,200 metric tons. Of this volume, 11,200 metric tons, or 61.5%, came from the UPG network.

A-95 notes that the decline in August shipments is linked, in particular, to high carryover fuel stocks accumulated earlier.

After losing a significant portion of its domestic refining capacity as a result of the full-scale war, the Ukrainian petroleum products market remains heavily dependent on imports from EU countries. The bulk of gasoline and diesel fuel arrives via western and southern routes.

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Bosnia Curtails Diplomatic Contacts with Serbia over Ratko Mladić’s Funeral

 

Bosnia and Herzegovina Foreign Minister Elmedin Konaković announced the withdrawal of most of the BiH embassy staff from Belgrade following the funeral of former Army of Republika Srpska commander Ratko Mladić, reports the Serbian Economist Telegram channel. He said he intends to reduce relations with Serbia to the “lowest possible level.”

The BiH ambassador and consul, however, remain in Belgrade: their appointment and recall fall under the authority of the collective Presidency of Bosnia and Herzegovina, not the Foreign Ministry. Under the Constitution, it is the Presidency that conducts the country’s foreign policy, so the minister cannot legally sever relations with Serbia on his own.

The reason was not only the funeral ceremony itself on September 7, but also the scale of participation by Serbian state institutions. As the coffin was returned, it was accompanied by representatives of the state and the military, while Defense Minister Bratislav Gašić and Justice Minister Nenad Vujić attended the funeral. President Aleksandar Vučić did not attend the ceremony, but his son Danilo was present. The funeral drew thousands of people.

Serbian Foreign Minister Marko Đurić responded extremely harshly, calling Konaković’s statements “hypocrisy.” He recalled that former BiH army commander Rasim Delić had also been convicted by the Hague Tribunal for crimes committed by the “El Mujahid” unit, and accused the Bosnian side of taking a selective approach to war crimes. Đurić also recalled the attack on Vučić in Potočari in 2015, when the then Serbian prime minister was pelted with stones after laying flowers at the Srebrenica memorial.

Why does the figure of Mladić still provoke such a harsh reaction in the Balkans?

Ratko Mladić commanded the Army of Republika Srpska from May 1992. The International Criminal Tribunal for the former Yugoslavia, and later the UN appeals chamber, ultimately found him guilty and sentenced him to life imprisonment for the Srebrenica genocide, crimes against humanity and war crimes during the war in Bosnia. In Srebrenica, after the enclave was captured in July 1995, around 8,000 Bosnian Muslims — men and boys — were killed.

Therefore, for a significant part of the Bosniaks in Bosnia, Mladić is above all a symbol of Srebrenica, the siege of Sarajevo and ethnic cleansing. His public honoring in Belgrade is perceived there not as a private funeral, but as a denial or justification of the crimes.

Croatia also views Mladić extremely negatively. Before the formation of the Army of Republika Srpska, he served in the Yugoslav People’s Army in the Knin area during the war in Croatia. After the final verdict in 2021, the Croatian government even officially expressed regret that the Hague proceedings had not covered crimes committed by him on Croatian territory.

In Serbia and Republika Srpska, attitudes are different. For many, Mladić remains the man who defended Bosnian Serbs during the breakup of Yugoslavia. That is why thousands of people attended the funeral, chants of “hero” were heard, and his portraits remain widespread. At the same time, Serbia itself has politicians, public organizations and media outlets that accept the findings of international courts and oppose the glorification of Mladić.

Belgrade also constantly emphasizes the issue of Serbian victims of the war and believes that crimes against Serbs receive less attention in regional and international discourse.

The scandal is already moving beyond Bosnian-Serbian relations. EU Commissioner for Enlargement Marta Kos canceled a planned visit to Serbia, explaining the decision by the unacceptability of glorifying convicted war criminals.

The story surrounding Mladić’s funeral is no longer merely a dispute over a single historical figure. It has once again exposed the central political contradiction of the Western Balkans: more than 30 years after the Bosnian war, Belgrade, Banja Luka, Sarajevo and Zagreb still differ substantially in their assessments of the war, responsibility, and of who should be regarded as a criminal and who as a hero.

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Soft Skills Summit 2026 Will Focus on Skills Development in Era of AI

The International Soft Skills Summit 2026, dedicated to the development of individuals, teams, and organizations in the era of artificial intelligence, will take place September 12–14 in a hybrid format and will bring together more than 70 Ukrainian and international experts.

According to the event organizers, the first day of the summit will take place in person in Kyiv with an online livestream, while the remaining two days will be held online. More than 5,000 participants are expected to attend.

The summit will also feature the inaugural Soft Skills Summit Awards 2026—a professional award for corporate programs in the areas of leadership development, talent development, team development, corporate culture, and soft skills.
According to the organizers, the Soft Skills Summit program is structured around three levels of development: the individual, the team, and the organization.

On September 12, the program will focus on individual development. On this day in Kyiv, there will be presentations on the main stage, panel discussions, hands-on Soft Skills Hubs, a Mindfulness Zone, an EXPO, Guided Speed Networking, and the awards ceremony for the winners of the Soft Skills Summit Awards 2026.

On September 13, the online program will focus on team development, communication, psychological safety, and modern approaches to leadership.

On September 14, participants will discuss corporate culture, talent and change management, organizational effectiveness, and corporate transformation driven by artificial intelligence.

“Today, a company’s competitive advantage is determined not only by technology. It is determined by people—their ability to think, interact, learn, and lead others through change. That is why we created the Soft Skills Summit—a platform that brings together global expertise and Ukrainian experience to help people, teams, and organizations prepare for the future,” said Ihor Lukianenko and Nataliia Novhorodska, co-founders of UpPro School and the Soft Skills Summit.

The organizers note that the development of soft skills is taking on added significance amid the spread of artificial intelligence technologies and changing labor market demands.

According to a World Economic Forum forecast, by 2030, approximately 39% of the professional skills required for work will have changed. Among the competencies expected to grow in importance the fastest are analytical thinking, resilience, adaptability, creativity, leadership, and social influence.

For Ukraine, the relevance of this issue is also linked to labor shortages, the integration of veterans and internally displaced persons into the labor market, the potential return of Ukrainians from abroad, the need to develop management teams, and the implementation of AI tools in business processes.

Among the announced speakers for the Soft Skills Summit 2026 are Andriy Fedoriv, founder of Fedoriv Group; Richard E. Boyatzis (U.S.), communications expert and TED speaker Julian Treasure (U.K.), SoftServe Senior Vice President of HR Renta Delporte, Advanter Group Chairman Andriy Dligach, PwC Ukraine Academy Leader Iryna Blinova, business consultant Frank Pucelik (U.S.), Shola Kaye (UK), an expert in communications and People-First culture, and Chen Lizra (Canada), a somatic transformational coach and TED speaker.

The full program and information on participation are available on the Soft Skills Summit 2026 website.
The summit is aimed at business owners, CEOs, team leaders, HR and L&D professionals, business trainers, coaches, psychologists, consultants, and other specialists working in the field of people and organizational development.

As part of the Soft Skills Summit Awards 2026, the best programs will be recognized in five categories: leadership development, talent development, team and corporate culture development, mental health support, and innovation in soft skills training and development.

Projects will be evaluated using a unified methodology developed by the UpPro School Analytical Center in collaboration with the non-governmental organization “Independent Association of Psychology and Coaching” and an independent panel of experts. The organizers state that the main criteria will be the program’s professional value, the quality of its implementation, and its actual impact, regardless of the company’s size.

Detailed information about the award and the terms of participation is available on the Soft Skills Summit Awards 2026 page.

The summit is organized by UpPro School—an international educational center for training and professional development of psychologists, HR and L&D specialists, managers, and other professionals working in the field of people, team, and organizational development. According to the organizers, UpPro School is an accredited CPD provider in the United Kingdom; over 150,000 participants have taken part in the center’s educational events, and more than 8,000 students have completed professional training.

For readers of “Open4business,” the promo code Open4business is available, offering a 10% discount on tickets to the Soft Skills Summit 2026. The promo code is valid through September 11, 2026.

For partnership inquiries, contact Svitlana Chaurova at partnerships@softskills-summit.com.

Open4Business is the official media partner of the event

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