Business news from Ukraine

Business news from Ukraine

One in six Ukrainian sole proprietors in retail sector sells goods outside of brick-and-mortar stores

In Ukraine, 107,400 sole proprietors in the retail sector operate outside of brick-and-mortar stores, including those engaged in online sales, according to data from Opendatabot as of early September 2026 and its analysis by the Experts Club analytical center.

This category accounts for about 16% of all 659,090 sole proprietors operating in the Ukrainian retail sector.

The largest group remains entrepreneurs selling in non-specialized stores—about 208,000, or 32% of the total.

Another 159,900 sole proprietors, or 24%, operate in markets and from retail stalls.

In specialty stores, 82,800 entrepreneurs sell various categories of goods. Another 47,600 sole proprietors specialize in the sale of food, beverages, and tobacco products.

Overall, 659,090 entrepreneurs are currently active in the retail sector in Ukraine. After a decline in the number of sole proprietors in 2025, the segment returned to growth: during the first eight months of 2026, the number of new registrations exceeded the number of closures by 8,200.

The data was published by Opendatabot on September 11, 2026, based on the Unified State Register.

Original source: Opendatabot – Structure of Sole Proprietorships in Retail

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Rauta Has Been Included in List of Taxpayers with High Level of Tax Compliance

The Ukrainian engineering and construction company “Rauta” has been included in the list of taxpayers with a high level of voluntary compliance with Ukrainian tax legislation, the company reported, citing Order No. 600 of the State Tax Service dated August 31, 2026.

According to Rauta, the company fulfills its tax obligations in a timely and complete manner and has no tax arrears.

“Responsible business is not just about fulfilling obligations, but first and foremost about the values that guide the company every day. Honesty in all aspects of our work and the conscientious payment of taxes are our contribution to strengthening Ukraine’s economy,” said Andriy Ozeychuk, director of Rauta.

On September 7, the State Tax Service reported that as of August 2026, 9,706 business entities had been included in the new list of taxpayers with a high level of voluntary compliance with the law—the highest number since the list was first compiled. Compared to August 2025, their number increased by nearly 36%.

Of the total, 9,132 are legal entities, including 5,068 companies under the general taxation system, 484 “Diya.City” residents, 1,707 legal entities that are Group III single-tax payers, and 1,873 Group IV single-tax payers. Another 574 entities on the list are individual entrepreneurs.

The companies included in the list paid 192.7 billion UAH in taxes to the consolidated budget from January through June 2026, representing 16.23% of all tax revenues for that period. The State Tax Service intends to publish the official list, approved as of August, on its website on September 18. Notifications were sent to the included taxpayers via their online accounts on September 1.

The State Tax Service compiles this list quarterly. General requirements include having no tax arrears or violations of reporting deadlines, not being classified as a high-risk VAT payer, and having no sanctions or bankruptcy proceedings. For legal entities under the general tax system, the list also takes into account the level of corporate income tax and VAT payments compared to industry averages, as well as employee salary levels.

Rauta has been operating in the Ukrainian construction market for over 25 years and specializes in the design, supply, and installation of structures for commercial and industrial buildings, the renovation of facilities, and general contracting. The company is the exclusive supplier in Ukraine of commercial products from the Finnish Ruukki Group. According to Rauta, the company has completed over 1,000 projects and supplied more than 2 million square meters of sandwich panels since its inception.

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Raiffeisen Bank Launches Financial Leasing for Businesses in Ukraine

Raiffeisen Bank has launched financial leasing for business clients in Ukraine and has signed its first agreement under this new initiative with one of Ukraine’s leading agricultural producers, the bank’s press office reported.

Under the first agreement, the agricultural producer will upgrade its fleet of machinery. Going forward, the bank’s clients will be able to use financial leasing to purchase agricultural machinery and equipment, passenger and cargo vehicles, commercial vehicles, and other fixed assets.

“Businesses today need solutions that allow them to continue investing, modernize production, and plan for growth even amid a full-scale war. The launch of financial leasing expands these opportunities for our clients,” said Natalia Gurina, Chair of the Management Board of Raiffeisen Bank.

The bank plans to develop this service for Ukrainian and international companies operating and investing in Ukraine.

The launch of this new instrument draws on the experience of the international Raiffeisen Bank International (RBI) group, where financial leasing is already in use in other European markets. Harald Kröger, Deputy Chairman of the Supervisory Board of Raiffeisen Bank and Head of Structured Finance and Investment Banking at the RBI group, assesses the potential for its development in Ukraine as significant.

As previously reported, in late 2024, the then-Chairman of the Management Board of Raiffeisen Bank, Oleksandr Pysaruk, announced in an interview with the Interfax-Ukraine news agency the financial institution’s intention to resume plans to develop its leasing business in Ukraine. According to him, even before the full-scale war, the bank had already reached an agreement with its shareholder to ramp up the leasing company’s operations and was preparing a corresponding business plan.

At the time, Pysaruk expressed hope that the bank would be able to resume implementing these plans as early as 2025.

Raiffeisen Bank is the largest Ukrainian bank with foreign capital. Since October 2005, the bank has been part of the Austrian banking group RBI. Currently, the Raiffeisen Group owns 68.21% of the bank’s shares, while the European Bank for Reconstruction and Development holds 30%.

According to the National Bank, as of August 1, 2026, with total assets of 282.37 billion UAH, it ranked fourth among Ukraine’s 59 banks.

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Supply Chain Verification — Why It Is Important to Know More Than Just Your Direct Partner

Risks in international trade often arise not with the direct counterparty but at subsequent levels of the supply chain. A company may have a reliable supplier that, in turn, depends on a single factory, logistics operator, technology owner, or subsupplier in another country.

That is why international risk management is gradually shifting from simple counterparty verification to the analysis of broader corporate and supplier relationships. This is particularly relevant for Ukrainian businesses because of the war, complicated logistics, sanctions regimes, and the high dependence of many industries on imported raw materials and equipment.

“A company may know its direct partner well and, at the same time, may not know on whom that partner’s operations critically depend. A single problematic subsupplier, a sanctions-related connection, or a production shutdown at the other end of the chain can disrupt a contract in Ukraine. Therefore, modern verification must answer not only the question ‘Who is our partner?’ but also ‘Who does our partner depend on?’” said Maksym Urakin, head of the D&B — Interfax-Ukraine business unit and Candidate of Economic Sciences.

Risk factors include the excessive concentration of procurement from a single supplier, dependence on a single region, opaque corporate relationships, sanctions risks, financial problems at a key company in the chain, or a sudden change of ownership.

For critical supplies, companies should develop a pool of alternative suppliers, determine minimum inventory levels, verify corporate groups, and reassess partners in the event of significant changes. This is particularly relevant to the energy sector, mechanical engineering, pharmaceuticals, the food industry, construction, and other sectors in which the disruption of a single component can block the entire production cycle.

D&B solutions in supplier intelligence and business risk management make it possible to work with global business data, corporate relationships, and risk signals. For Ukrainian companies, this information can provide a foundation for building more resilient supply chains.

In the long term, the verification of supplier relationships is becoming not a one-time procedure but part of a business’s operational resilience.

D&B — Interfax-Ukraine helps Ukrainian companies work with international business data and business identification tools.

Dun & Bradstreet is an international provider of business data and analytical solutions whose history began in 1841. D&B works with data on companies worldwide and provides tools for business identification, counterparty verification, credit and commercial risk assessment, compliance, and supply chain management.

The Interfax-Ukraine News Agency is the official representative of Dun & Bradstreet in Ukraine. The specialized D&B — Interfax-Ukraine division provides Ukrainian companies with access to international business data, helps them verify foreign counterparties, and assists them in working with D&B tools.

Questions can be submitted through the specialized D&B resource — dnb.ua, by email at Urakin@interfax.kyiv.ua, or by telephone at +38 (044) 270-65-74.

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Ivan Tchaikovsky was named “Agribusiness Leader of Year” as part of “Person of Year 2025” program

Ivan Tchaikovsky, a Member of the Ukrainian Parliament and founder of the company “Agroprodservice,” was named the winner of the “Agribusiness Leader of the Year” category as part of the 30th anniversary nationwide “Person of the Year 2025” program.

Chaikovsky was born on May 29, 1972, in the village of Nastasov in the Ternopil region. He began his entrepreneurial career after serving in the Armed Forces of Ukraine. In 1998, he became head of the “Kolos” owners’ association in Nastasov, and in 1999, he founded the leasing company “Agroprodservice,” which subsequently became one of the leading agricultural producers in western Ukraine.

The company is involved in crop production, livestock farming, agricultural processing, and energy projects. According to information provided by the organizers of the “Person of the Year” program, “Agroprodservice” currently processes more than 63% of its own crop production, ranks among Ukraine’s leading enterprises in dairy and swine farming, and is also developing projects in the clean energy sector.

Tourism has become a separate area of diversification. The company is developing “Agroland,” a family-oriented ethno-park that combines agritourism with the promotion of Ukrainian crafts, traditions, and the rural way of life.

In 2009, Tchaikovsky earned a master’s degree in economics and investment management from Ternopil National Economic University, now known as the Western Ukrainian National University. In 2015, he graduated from the Lviv Regional Institute of Public Administration of the National Academy of Public Administration under the President of Ukraine with a degree in “Public Administration.”

From 2002 to 2015, he was elected three times as a deputy to the Ternopil District Council. In 2018, he stepped down from the day-to-day management of “Agroprodservice” to focus on political and civic activities.

In 2019, Tchaikovsky was elected a People’s Deputy of Ukraine of the IX convocation as an independent candidate in electoral district No. 165 in the Ternopil region. He serves as secretary of the parliamentary Committee on Agrarian and Land Policy and is a member of the “For the Future” parliamentary group.

As part of his parliamentary work, Tchaikovsky participates in drafting legislation on agricultural and land policy, as well as in interparliamentary and European integration initiatives.

In addition to his business and political activities, he is involved in charitable projects. In 2012, Tchaikovsky founded the “Pokrova” Charitable Foundation, which implemented social, educational, cultural, sports, and environmental programs. After the outbreak of full-scale war, a significant portion of the foundation’s aid was redirected to support the Ukrainian military, particularly units of the 12th Special Forces Brigade “Azov” of the 1st Corps of the National Guard of Ukraine “Azov.”

Ivan Tchaikovsky has been awarded the “For Labor and Valor” Medal, the Order “For Merit” (3rd Class), and a number of professional and industry awards.

“Agroprodservice” was founded in 1999 in the Ternopil region. The company operates in the fields of crop production, livestock farming, seed production, and agricultural processing, and is developing energy and tourism sectors.

Open4Business is an information partner of the nationwide “Person of the Year 2025” program.

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Schneider Electric’s revenue in first half of year reached record EUR21.2 bln

Schneider Electric reported a roughly 30% increase in net income attributable to the company’s shareholders to EUR2.49 billion for the first half of 2026, while revenue reached a record EUR21.23 billion.

A year earlier, revenue stood at EUR19.34 billion. Organic sales growth in the first half of 2026 was 14%.
Adjusted EBITA increased to EUR4.09 billion from EUR3.51 billion, representing 22% organic growth. The EBITA margin reached 19.3%.

The company’s free cash flow more than tripled, reaching approximately EUR 1.6 billion.
The second quarter was particularly strong, with Schneider Electric’s revenue reaching a record EUR 11.5 billion, an organic increase of 17%. The Energy Management segment grew by 18%, and Industrial Automation by 11%.

The company cites the data center market as one of the main drivers. Demand for electrical infrastructure for data centers is growing rapidly amid the development of artificial intelligence, which significantly increases computing density, power consumption of server racks, and demands on cooling and backup power systems.
North America posted organic growth of 23%, while China and East Asia saw growth of 20%.

Following a strong first half of the year, Schneider Electric raised its forecast for the full year 2026. The company expects organic adjusted EBITA growth of 14–19%, up from its previous forecast of 10–15%.
Organic revenue growth is projected at 10–13%.

Schneider Electric’s results reflect a broader investment cycle in energy infrastructure. AI data centers require not only servers and graphics processing units (GPUs), but also transformers, distribution equipment, UPS systems, automation systems, cooling systems, and digital energy management solutions.
Thus, energy infrastructure is gradually becoming one of the key constraints on the further scaling of AI.

For Ukraine, this trend is significant in the long-term context of rebuilding digital infrastructure and constructing new data centers. Future facilities will require significantly greater connected power capacity and more complex power distribution architectures than traditional server centers.
Schneider Electric has been operating in Ukraine for over 30 years. Globally, the company is present in more than 100 countries and has approximately 160,000 employees.

Schneider Electric published its financial results for the first half of the year on July 30, 2026.

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