Business news from Ukraine

Business news from Ukraine

Grain exports from Ukraine have risen by nearly 5% since start of season

As of August 12, 2026, Ukraine had exported, since the start of the 2026/27 marketing year (MY, July–June), 2.952 million metric tons of grains and legumes, which is 4.8% more than it exported by the same date last year, when the figure stood at 2.818 million metric tons.

According to the Ministry of Agrarian Policy and Food, citing data from the State Customs Service (SCS), total exports of grains, legumes, and flour reached 2.955 million metric tons, compared to 2.826 million metric tons on the same date a year ago—an increase of 4.6%.
By crop type, wheat exports fell by 18.3%—to 1.239 million metric tons from 1.517 million metric tons, respectively. Specifically, 175,000 metric tons of wheat were exported in August of this year, compared to 759,000 metric tons a year ago.

Barley exports fell by 28.1%, to 333 thousand metric tons from 463 thousand metric tons; specifically, 37 thousand metric tons of this product were shipped abroad in August, compared to 206 thousand metric tons in August 2025.
Corn exports as of the reporting date for the season increased by 66.4%, to 1.376 million metric tons from 827,000 metric tons a year ago; in August, 68,000 metric tons of corn were shipped to other countries, compared to 184,000 metric tons in August of last year.

As was the case last year, no rye was exported.
Flour exports since the start of the 2026/27 marketing year have decreased by 54.1% to 2,800 metric tons. As of the same date last marketing year, they stood at 6.1 thousand metric tons. In grain equivalent, flour exports totaled 3.7 thousand metric tons, compared to 8.1 thousand metric tons a year earlier.

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More than 80% of agricultural companies raised their employees’ salaries by 10–20%

More than 80% of Ukrainian agricultural companies raised employee salaries by 10–20% in the first half of 2026; however, the labor shortage remains one of the industry’s key challenges, and recruiting has become more difficult than last year, according to a study by the analytical firm Agrohub.

According to the study, 81% of the companies surveyed have already adjusted their pay scales. Salaries rose most sharply for agronomists, engineers, tractor operators, and drivers—precisely the categories of workers where the labor shortage is most acute. To retain drivers, piecework rates and variable pay components were increased more often than fixed salaries.

The greatest labor shortages in the first half of the year were observed among tractor operators, drivers, engineers, and grain elevator workers. All survey participants cited mobilization as the main factor complicating the search for personnel; 69% cited a shortage of qualified specialists, and 56% cited rising salary expectations among candidates. Other reasons included population migration and competition among employers.

In response to the labor shortage, agricultural holdings are increasingly recruiting workers from other regions of Ukraine, as well as people aged 50 and older and women for positions that were traditionally considered male-dominated. In addition, companies are investing in in-house staff training and the automation of production processes to reduce their reliance on hard-to-fill positions.

“Companies have met their targets for the first half of the year and increased employee compensation; however, filling a vacancy today often costs more than retaining a current specialist. At the same time, we see that financial incentives are proving insufficient as the sole tool—the endless ‘salary race’ cannot overcome the physical shortage of workers in the market,” commented Dmytro Lebedev, head of the HR360 division at Agrohub.

According to him, in the second half of the year, companies will shift their focus from large-scale salary increases to automation, the development of internal training, expanding recruitment channels, and revising work organization models.
Agrohub’s study was conducted in June 2026 among 16 agricultural holdings with a combined land bank of 2.2 million hectares, operating in crop production, livestock farming, and the grain storage business.

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Oschadbank has announced new program to support Ukrainian fruit growers with grants of up to 10,000 euros

Oschadbank has announced the launch of the “Green Farming in the Horticulture Sector” program, under which Ukrainian fruit growers will be able to receive grants of up to 10,000 euros and preferential bank financing to implement climate-resilient technologies. The program is officially scheduled to launch on July 22, 2026.

Natalia Butkova-Vitvitska, a member of Oschadbank’s board responsible for micro, small, and medium-sized businesses, announced the bank’s participation in the program during her presentation on July 15 at the Ukrinform press center.

The agro-industrial sector is one of the key drivers of the Ukrainian economy: it accounts for 17–19% of the country’s GDP and accounts for 41% of Ukrainian exports, and more than 70% of agricultural producers are small and medium-sized farms. The program is specifically designed to support this segment, helping Ukrainian fruit growers invest in modern technologies and increase the competitiveness of their farms.

Oschadbank is one of the leaders in implementing the principles of sustainable financing in the micro, small, and medium-sized business segment. We are systematically expanding Ukrainian entrepreneurs’ access to modern financial instruments that help them invest in climate-resilient technologies. Today, Oschadbank’s loan portfolio in the agricultural sector exceeds 17.7 billion UAH and accounts for over 53% of the MSME business division’s loan portfolio. “The ‘Green Farming in Horticulture’ program will provide Ukrainian horticulturists with additional opportunities to modernize production and develop their farms,” noted Natalia Butkova-Vitvitskaya, a member of Oschadbank’s Management Board responsible for micro, small, and medium-sized businesses.

Sustainable financing is one of the key areas of development for Oschadbank’s MSME business division. The bank is consistently expanding its partnership programs with international financial institutions and introducing financial instruments that help Ukrainian entrepreneurs invest in projects related to energy efficiency, decarbonization, and the adoption of climate-resilient technologies.

Program Participation Requirements

The program launches on July 22, 2026. Until then, potential participants can review the program’s terms and prepare the necessary documents.

Program participants will be eligible to receive:

– a grant of up to 10,000 euros;

– a grant covering up to 20% of the outstanding principal balance of the loan;

– financing for investment projects, including through the government’s “Affordable Loans 5-7-9%” program, with a term of up to 5 years;

– the opportunity to submit an application within 30 calendar days after the program’s launch.

Detailed program terms are available at: https://bdf.gov.ua/programs/zelene-fermerstvo-v-haluzi-sadivnytstva/.

The “Green Farming in Horticulture” program is being implemented as part of the “Preparing Eastern Partnership Countries for the European Green Deal (PROGRESS)” project, which is being carried out on behalf of the German Federal Government’s International Climate Initiative (IKI). It combines grant support and preferential bank loans to introduce climate-resilient technologies in horticulture.

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TAS Group Wants to Expand Its Land Bank and Strengthen Its Grain Elevators

TAS Group is considering new acquisitions in the agricultural sector and would like to expand its land bank by another 20,000–25,000 hectares, said the group’s founder, Serhiy Tihipko.

“We are interested in agriculture. We would gladly acquire 20,000–25,000 hectares right now. We are strengthening our grain elevator operations,” he said at the Concorde Capital investment conference in Kyiv.

The agricultural sector remains one of the areas where the group sees potential for expansion. Earlier, Oleg Zapletnyuk, CEO of the TAS Agro agricultural holding, reported that the strategic plan calls for increasing the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026.

The next stage, he said, is to grow to 120,000 hectares by 2028.

Strengthening its grain storage infrastructure is important for the agricultural holding in terms of controlling logistics, storing the harvest, and ensuring sales flexibility. Given unstable export logistics and pressure on margins, having its own storage capacity is becoming one of the key factors in competitiveness.

The TAS Group is already active in the agricultural sector through TAS Agro. For the group, expanding its land bank and grain storage capacity could be a way to strengthen vertical integration and reduce dependence on external infrastructure.

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TAS Group plans to invest up to $300 mln in financial sector

The TAS Group plans to invest $250–300 million in the authorized capital of banks, insurance companies, and other assets it holds in the financial sector, It also aims to expand its land bank and strengthen its grain storage operations in the agricultural sector, is actively investing in real estate development, and is exploring opportunities in logistics and port infrastructure, according to the group’s founder and head, Serhiy Tihipko.

“We are currently the largest private owner in the Ukrainian financial sector. And we are accelerating our pace here. Therefore, whether we want to or not, we will have to invest in authorized capital. “I think we’ll invest somewhere between $250 million and $300 million just to increase authorized capital,” said Tigipko at the Concorde Capital investment conference, which the investment firm held for the first time since 2019 last week in Kyiv.

“As for everything else, we’ll explore options. We’re interested in agriculture. We’d be happy to buy 20–25 thousand hectares right now. We’re expanding our grain storage facilities,” the founder added.

He noted that the group has now begun actively investing in real estate development.

“We’ve started a 220,000-square-meter project in Obolon. We’ve purchased an additional 5 hectares for the same project. In 2027, we’ll start a 350,000 (square meters) project on the Left Bank. These are fairly large investments,” the businessman clarified.

According to him, the group is also looking into logistics and port infrastructure, and Tigipko himself has personally visited Chornomorsk.

“I can say that I don’t really like the sector: in my opinion, it’s overvalued; everyone has gotten used to some kind of abnormal rate that existed at the start of the war. That won’t happen again,” the group’s owner noted.

He emphasized that the group constantly analyzes projects “every year, every day.”

“We’re sitting and waiting for a good, juicy deal to come along. We wanted to buy an insurance company (MetLife), but the Poles (PZU) beat us to it. That’s okay, we’ll wait. I told (Richard) Branson that deals are like a rail bus: one leaves, another will arrive. We’ll wait for the next one,” said Tihipko.

The TAS Group is one of the largest financial and industrial groups in Ukraine, operating in the banking sector, insurance, railcar manufacturing, metallurgy, logistics, the agricultural sector, the food industry, the production of packaging materials, and real estate. Among others, it includes TAScombank, Universal Bank (mono), and Idea Bank.

Oleg Zapletnyuk, CEO of the agricultural holding “TAS Agro,” reported earlier this year that the strategic plan calls for expanding the land bank from the current 80,000 hectares to 100,000 hectares by the end of 2026. “The next step is to increase it to 120,000 hectares, but that will be by 2028,” he said.

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Polish President Says Ukraine’s EU Accession Would Pose Threat to Polish Agriculture

Polish President Karol Nawrocki stated that Ukraine’s accession to the European Union would pose a threat to Polish agriculture.

“I acknowledge that Ukraine’s accession to the EU poses a threat to Polish agriculture. As President of Poland, and while understanding Ukraine’s aspirations, I will always advocate for fair treatment of Polish farmers and Polish agricultural products, particularly in the context of the ‘Green Deal’ and EU decisions,”

Navrotsky said, according to a press release from the Office of the President.

He also added that Poland has “land that is far too beautiful” to “surrender Polish agriculture to either ideology or someone else.”

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