Business news from Ukraine

Business news from Ukraine

Export Credit Agency (ECA) supported Ukrainian companies’ exports worth 114 mln hryvnia in June

In June 2026, the Export Credit Agency (ECA) supported Ukrainian companies’ exports worth 114 million hryvnia.

According to the agency’s website, the largest volume of supported exports came from companies in the Sumy region—53.46 million UAH—and the Chernihiv region—44.87 million UAH. The Kyiv, Lviv, and Odesa regions were also among the most active.

Ukrainian goods insured by the ECA in June will be exported to Uzbekistan, India, Moldova, Australia, Latvia, Germany, and Georgia.

The largest share of supported exports in June was accounted for by products from the oil and fat industry—53.46 million UAH—followed by shipments of wallpaper, radiators, and central heating boilers; products from the distillation and blending of alcoholic beverages; and fruit and vegetable juices—1.11 million UAH.

The Export Credit Agency of Ukraine (ECA) is a state institution that supports non-commodity exports by insuring the risks of enterprises and banks. The agency insures foreign economic contracts, export credits, bank guarantees, and investment credits against war risks.

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Taras Kachka will combine position of Ukraine’s representative to EU with duties of trade representative

Ukrainian President Volodymyr Zelenskyy announced that Taras Kachka will serve as Ukraine’s representative to the European Union in Brussels and, at the same time, perform the duties of Ukraine’s trade representative.

“We are still awaiting decisions on four more clusters. I believe that Taras will be able to implement this most effectively at Ukraine’s Mission to the EU in Brussels. Given Taras’s proven track record and experience in trade policy, he will combine this work with the European Union with the role of Ukraine’s trade representative within the framework of our bilateral trade agreements with key partners,” Zelenskyy wrote on his Telegram channel on Friday.

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AMCU Approved Varus’s Acquisition of “KOLO” Store Chain

The Antimonopoly Committee of Ukraine (AMCU) has approved the acquisition by Omega LLC—which operates the Varus supermarket chain—of Ariteil LLC, the “KOLO” grocery store chain owned by Gennadiy Butkevych, a co-owner of the ATB Corporation.

The approval was granted on Thursday, July 16, according to the agency’s website.

“This deal will be one of the largest in the Ukrainian retail market in 2026. The merger will significantly strengthen the company’s position in the convenience retail segment. The combination of Varus’s extensive expertise and KOLO’s many years of experience in the ‘neighborhood store’ format will create a solid foundation for further business expansion,” reads a statement from Varus on Facebook.

According to information on the KOLO website, the chain currently operates more than 250 stores in Kyiv, the Kyiv region, and Odesa. The first “KOLO” store opened in Kyiv in 2017.
According to the YouControl analytical system, the owner of Ariteil LLC is JSC “ZNVKIF ‘Magnitar’,” with Hennadiy Butkevych listed as the ultimate beneficiary.

In 2025, Ariteil LLC’s revenue grew by 23% compared to the previous year, reaching 3.2 billion UAH. The net loss increased to 124.9 million UAH. At the end of the year, the company’s total assets amounted to 1.1 billion UAH.
Varus is a national supermarket chain represented in Ukraine’s grocery retail market by the company “Omega.” The first store opened in 2003 in Dnipro. Currently, there are 119 supermarkets in various cities across Ukraine.

The chain operates in several formats: traditional supermarkets, To Go stores, and the Varus.ua online store.
Omega LLC is owned by the Cypriot company “Vegant Enterprises Limited,” with Valery Kiptik and Ruslan Shostak as the ultimate beneficiaries.

As of the end of 2025, Omega LLC increased its revenue by 20% compared to the previous year, to 24 billion UAH, while net profit rose by 37.8%, to 41.4 million UAH.

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Ukraine Increased Nickel Imports by 5.2% in Jan–Jun

In January–June 2026, Ukraine increased its imports of nickel and nickel products by 5.2% compared to the same period last year, reaching $11,119 million.

According to customs statistics, nickel and nickel product imports in June totaled $1.946 million.

Exports of nickel and nickel products in January–June 2026 totaled $310,000, and in June—$118,000, compared to $608,000 for the first six months of 2025.

As previously reported, Ukraine reduced its imports of nickel and nickel products by 2.7% in 2025 compared to 2024, down to $26,011 million. Exports of nickel and nickel products totaled $1,420 million, compared to $602 thousand in 2024.

Nickel is used in the production of stainless steel and for nickel plating. It is also used in battery manufacturing, powder metallurgy, and chemical reagents.

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Exports of Ukrainian wires and cables rose to $741 mln in first half of year

The value of Ukraine’s exports of insulated wires and cables (including fiber-optic cables) in January–June 2026 increased by 2% compared to the same period in 2025, reaching $741.2 million.

According to statistics from the State Customs Service (SCS), Germany remained the largest importer of Ukrainian products, as it was last year; shipments to Germany decreased by 3% to $245.3 million, and its share of total exports of these products fell by 1.7 percentage points to 33%.
As in the first half of last year, the top three importers also included Hungary—$124.8 million (last year: $118.1 million)—and Poland—$121.8 million ($111.3 million).

According to statistics, exports of these products in June fell by 3% compared to June 2025 but rose by 3.3% compared to May of this year, reaching $128.3 million.
At the same time, according to the State Customs Service, imports of wires and cables into Ukraine increased by 24.5% in the first half of the year, reaching $354.2 million.

The largest suppliers of wires and cables to Ukraine were China ($101.6 million), Hungary ($87.8 million), and Poland ($47.3 million), whereas last year imports from Hungary totaled $78.9 million, from China – $55.6 million, and from Poland – $41.1 million.
As previously reported, according to the State Customs Service, in 2025 Ukraine increased its exports of insulated wires and cables by 10.6% compared to 2024—to $1.41 billion—and imports by 24.3%—to $590.7 million.

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Forecast of unemployment rate in Ukraine according to methodology of International labor organization until 2025

Forecast of unemployment rate in Ukraine according to methodology of International labor organization until 2025