Business news from Ukraine

Business news from Ukraine

In Ukraine, 4,600 new enforcement proceedings regarding wage arrears were initiated over eight-month period – OpenDataBot

In Ukraine, 4,621 enforcement proceedings were initiated between January and August 2026 to collect unpaid wages, which is 16% fewer than during the same period last year, when 5,470 such proceedings were registered, according to data from the Unified Register of Debtors, as analyzed by OpenDataBot.
Despite the decline in the number of new cases, the total volume of unresolved wage arrears remains significant. As of September, the Unified Register of Debtors listed 35,922 active cases related to unpaid wages.
Some of these debts have remained unresolved for many years. In particular, 1,957 active cases were opened as far back as 2017 and have still not been closed.
New cases were filed against 311 companies between January and August 2026. Of these, 144—or about 46%—are private enterprises, 117 are state-owned, and another 50 belong to local communities.
Thus, state-owned and municipal companies together account for more than half of the enterprises against which new enforcement proceedings regarding wage arrears were initiated this year.
OpenDataBot compiles statistics based on the Unified Register of Debtors, into which enforcement proceedings are entered after the relevant decisions on debt collection are issued.
Source: OpenDataBot, data for January–August 2026.

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Number of tobacco companies in Ukraine continues to grow — more than 1,100 enterprises registered

As of September 2026, 1,101 active tobacco industry companies were registered in Ukraine, according to data from the Unified State Register cited by Opendatabot.

During the first eight months of 2026, 39 new companies were registered, while eight enterprises ceased operations. Thus, the net increase amounted to 31 companies.

During the same period last year, the number of companies increased by 35.

Despite the continued growth, the current pace remains significantly below the pre-war level. In 2021, the net increase in the number of enterprises in the tobacco sector amounted to 82 companies.

The industry’s financial indicators also demonstrate growth in turnover. The 41 companies that provided comparable financial statements for the first half of 2025 and 2026 increased their combined revenue by 10% to UAH 198.18 billion.

At the same time, net profit decreased by 8% and amounted to UAH 6.5 billion.

Meanwhile, the share of profitable enterprises increased. In the first half of 2026, 29 out of 41 companies, or 71%, reported a positive financial result, compared with 63% a year earlier.

In total, 50 companies in the industry submitted financial statements for the first half of the current year. A year earlier, there were 13 more such enterprises.

Source: Opendatabot.

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Revenue of Ukrainian tobacco companies rose by 10%, but profit fell to UAH 6.5 billion

The combined revenue of Ukrainian tobacco companies that reported for the first half of both 2025 and 2026 increased by 10% and reached UAH 198.18 billion, according to Opendatabot.

The analysis included 41 companies that presented comparable financial statements for both periods. In absolute terms, their combined revenue increased by UAH 18.16 billion. Revenues grew at 26 companies, while they declined at 14 market participants.

At the same time, the increase in turnover did not lead to higher net profit. The companies’ combined net financial result decreased by approximately 8% compared with the first half of 2025, to UAH 6.5 billion.

At the same time, the structure of the industry in terms of profitability improved. In the first half of 2026, 29 out of 41 companies, or about 71% of the companies in the sample, made a profit. A year earlier, the share of profitable enterprises stood at 63%.

The number of loss-making companies declined from 14 to 11 over the year.

In total, 50 tobacco industry companies submitted financial statements for the first half of 2026, which is 13 fewer than in the same period last year. The comparison was conducted only among enterprises that submitted reports for both periods.

As of September 2026, 1,101 active companies operating in the tobacco sector were registered in Ukraine.

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Miroslav Bojchin was named “Insurance Market Leader of Year” in “Person of Year 2025” program

Miroslav Bojchin, Chairman of the Board of PJSC “European Travel Insurance,” was named the winner in the “Insurance Market Leader of the Year” category as part of the 30th anniversary nationwide “Person of the Year 2025” program.

Boychin has been working in the international insurance business for over 20 years. He holds three advanced degrees, including in foreign languages, finance, and management. He began his professional career in government agencies and has worked in the insurance industry since 1996.

Since 2005, Boychin has worked for the international insurance groups Generali, Munich Re, and EIG. In 2006, he became the head of “European Travel Insurance,” which specializes in travel insurance. Since 2021, he has also served as chairman of the supervisory board of the insurance company “Euroins Ukraine.”

Under Boychin’s leadership, “European Travel Insurance” has strengthened its position in the Ukrainian travel insurance market and expanded its customer base. According to the company, the number of its insured customers exceeded 1 million in 2025.

The company specializes in insurance for travelers going abroad, medical and travel insurance, as well as travel-related insurance products. “European Travel Insurance” is a member of ITIA, an international group of specialized travel insurers that brings together companies from several countries.

The company notes that in recent years, one of its key priorities has been adapting its insurance products to changes in the travel patterns of Ukrainians, growing demand for medical care abroad, and new risks associated with martial law.

In addition to its insurance activities, “European Travel Insurance” participates in social and charitable initiatives, including providing funds to support Ukrainian military personnel.

The nationwide “Person of the Year” program has been held in Ukraine since the 1990s and annually honors representatives from business, government, culture, sports, and other fields. In 2025, the program was held for the 30th time.

Open4business is the program’s information partner.

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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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