Business news from Ukraine

Business news from Ukraine

According to experts, out of 30 industrial parks registered in Ukraine over past year, 15-25 will actually start operating

The development of industrial parks in Ukraine in 2026 will include several key areas that have begun to take shape over the past three years, in particular, steady growth in the number of both registered and operating industrial parks (up to 30 registered per year, 15-20 operating), according to Valery Kirilko, CEO of the Industrial Parks of Ukraine group of companies.
As noted in the final report on the development of industrial parks provided by Kirilko, they will develop in the direction of greater specialization, innovation, and environmental friendliness.
“State support, attracting foreign investors, and developing infrastructure will make it possible to create powerful industrial clusters that will become the driving force behind the country’s economic recovery and growth,” the report says.
The report notes that at the end of 2025, there were 118 industrial parks registered in the register of industrial parks in Ukraine (in January 2026, seven parks were excluded, so now there are 111).
At the same time, during the period of wartime from 2022 to 2025, 80 IPs were registered, which is almost 70% of the total number. Last year, 27 parks were registered and eight were excluded from the register.
As reported, by the end of 2025, 37 industrial enterprises had been built or were under construction in IPs, of which 22 plants had been built and another 15 were under construction. These are enterprises in the fields of agro-processing, food production, furniture and woodworking, and mechanical engineering.
According to data provided by Kirilko, Kyiv region became the leader in terms of the number of registrations – four IPs, Zhytomyr, Odesa, and Khmelnytskyi regions have three each, and Vinnytsia, Zakarpattia, and Lviv regions have two each. Eight more regions registered one industrial park each.
“We would like to note the appearance of the first industrial park registered in the Kirovohrad region,” the article notes.
Overall, the leader in terms of the number of registered IPs is the Lviv region, which currently has 20 parks registered, followed by the Kyiv region with 15, and the Zakarpattia region with 12.
“The largest increase during the war was also demonstrated by the Lviv region with 12 parks, the Zakarpattia region with 11, and the Kyiv region with eight parks. There are still no industrial parks in three regions: Kharkiv, Kherson, and Zaporizhzhia,” the report says.
Among the initiators in 2025, there were more private initiators (19) than municipal ones (8).
“Among municipal parks, it is worth noting the emergence of a new type of synergy in the creation of parks, the so-called combined industrial parks. These are municipal IPs that are created by a municipal initiator for a specific investor, who then enters as a management company and begins to develop it as an attracted developer or production “anchor” operator. Of the eight municipal parks, at least three were created on this principle,” the material notes.
The largest number of specialized industrial parks are associated with the industrial agricultural sector and food production, followed by the production of building materials, and separately among them, the production of metal structures.
“Next comes warehouse real estate, although this is not a sign of IP, but many parks have recently been registered as transshipment and storage bases with an additional industrial block. And then there are mixed parks that do not have any specialization,” the report notes.
A separate type of participant has also emerged that meets the requirements of the times: energy companies operating solar power plants, gas piston power plants, plants that convert waste into electricity and biogas, energy storage operators, and other combinations of such participants.
“In this regard, questions and problems arise when it is planned to place such electricity operators on industrial land. But gradually, practical cases are adapting the conditions for the implementation of such projects within industrial parks,” experts note.
The article reminds us that the total amount of state incentives for industrial parks in 2025 was UAH 900.681 million, and more than UAH 4 billion was financed by private business – 98% of these investments were of Ukrainian origin.
“Unfortunately, the opportunities for attracting international grants or technical assistance programs for the development of IP infrastructure are currently limited. The main reason is that international organizations and donors are focused on supporting specific enterprises or residents that already operate or plan to operate in the parks, rather than financing infrastructure projects such as communications, road construction, or railway branches,” the article states.
In addition, infrastructure investments are risky for MFIs because they have no guarantee of return.
“The only known case is the Riasne-2/M-10 Lviv Industrial Park in Lviv, which is managed by Dragon Capital. They received a loan from the EBRD for more than $24.5 million, insured against military risks by MIGA. However, these funds were used not only for infrastructure, but also for the construction of facilities for residents,” the article says.
Experts also note that today there are three main types of industrial park initiators: industrial (a private initiator creates an industrial park for its own production projects); municipal (community in the form of a local council, municipality); developer (private owner or tenant of a land plot or industrial zone).
At the same time, they note a sharp increase in private parks in relation to municipal ones—if until 2022, municipal parks accounted for about 80% of the total number, then over the past three years, the share of registered municipal parks has been 35%, and private ones, respectively, 65%.
Among the trends in the development of IPs this year, experts also mention an increasing shift from quantity to quality, increased government support and incentives, active attraction of foreign investors, and environmental friendliness.
In addition, they believe that IPs are increasingly focused on creating technology clusters, and industrial clusters, where residents complement each other, will become more widespread.
An increase in the number of network management companies specializing in IP development is also expected, and foreign management companies, especially from Europe and Asia, will begin to enter the Ukrainian market more actively.
Another important step will be the creation of the All-Ukrainian Association of Industrial Parks, and development companies will become increasingly interested in industrial parks.

 

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“Industrial Parks of Ukraine” became largest management company of industrial parks

The Industrial Parks of Ukraine Group of Companies manages the development of six industrial parks in Ukraine, including the fact that last week it became the management company of another industrial park, said Valeriy Kirilko, CEO and General Director of the group of companies.

“Last week we became the management company of another industrial park. We are now the management company in six industrial parks in Ukraine. Thus, we have become the company that manages the development of the largest number of industrial parks,” he wrote on his Facebook page.

According to the Ministry of Economy, Concept Real Estate LLC, owned by Kyrylko, according to opendatabot, became the management company of the Yellow Waters IP last week. The agreement was signed on February 18.
According to Kyrylko, Industrial Parks of Ukraine currently supports the development and promotion of 28 industrial parks in Ukraine.

“To date, we have registered 30 industrial parks out of 97 that are currently in the state register of industrial parks in Ukraine. Another 27 industrial parks are in the process of registration or at the stage of preparing a concept or documents,” Kyrylko wrote.
As reported, the government made the decision to include the Zhovti Vody IP in the Register of Industrial Parks at a meeting on February 4.

The park will create about 500 jobs, in particular in the chemical industry, alternative energy production and information technology.
The initiator of the Zhovti Vody IP is Zhovti Vody Industrial Park LLC, while the concept development and registration support was provided by Industrial Parks of Ukraine.

Ukraine will create State Office for development of industrial parks

Prime Minister Denis Shmygal says that in Ukraine will create the State Office for the development of industrial parks.

“We increase our self-sufficiency, strengthen the production and industrial potential. One of the key tools in this direction will be industrial parks. This year we allocate UAH 1 billion for their development,” Shmygal said at a government meeting on Friday.

According to Prime Minister, the Cabinet on Friday approved the procedure for the use of these funds: for the construction of infrastructure of industrial parks, for compensation for connection to networks, for compensation of the interest rate on loans taken for development and investment.

“Also, the State Office for the development of industrial parks will be created. We will use the experience of Singapore, Turkey, Poland to make industrial parks the growth points of our industry and economy,” he said.

In addition, on Friday, the Cabinet of Ministers decided to create two industrial parks.

In particular, one of the parks will be created in Vinnitsa region (investments in its creation will amount to more than UAH 50 million), and the second industrial park will be in Ivano-Frankivsk region, (investments in its creation and development may amount to UAH 1.5 billion).

“Thanks to the creation of these two industrial parks, more than 1,000 jobs in the processing industry will be created,” Prime Minister said.

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Several industrial parks excluded from state register

At a meeting on Friday, the Cabinet of Ministers of Ukraine decided to exclude four industrial parks from the Register of Industrial Parks, Taras Melnychuk, a representative of the Cabinet of Ministers in the Verkhovna Rada, said on Telegram.

According to him, the First Ukrainian Industrial Park, BIONIC Hill, AzovAquaInvest, and Energia were excluded from the Register on the grounds of “failure to submit reports on the functioning of the industrial park to the state body for two consecutive reporting periods and failure to conclude an agreement on the creation and operation of the industrial park within two years from the date of the decision to create it.”

As reported, the First Ukrainian Industrial Park (Velyka Dymerka, Kyiv region) and Bionic Hill (Kyiv) were included in the Register of Industrial Parks in 2016, Energia (Mykolaiv) in 2018, and AzovAquaInvest (Mariupol, Donetsk region) in February 2019.

Three more industrial parks to be created in Ukraine

The Cabinet of Ministers at a meeting on Friday included in the Register of industrial parks three parks at once: two in Khmelnytskyi region and one in Lviv region, the Ministry of Economy reported.
In particular, the register includes FE Krasyliv Technoport with the area of 10.146 hectares, the creation of which was initiated by JSC Krasyliv Machine-Building Plant. The park plans to create about 500 jobs in the industrial cluster for metalworking and metal products manufacturing.
“The initiator plans to invest in the park 87 million UAH, it is also expected to attract investments of the management company, residents of the park (in its own production), private financing of the project,” – indicated the Ministry of Economy.
It is noted that investors from Poland, Germany and Turkey have confirmed their readiness to invest in the park’s enterprises following the results of negotiations.
The total amount of preliminary confirmed investments is 555 million UAH, another 70 million UAH is expected from small and medium-sized businesses, which will help with the manufacture of parts for the production of large investors.
The second park in Khmelnytsky region, included in the register, was the FE “Carbon Neutral ECO AGRO HAB Podillya “Gorodok”, on the territory of Gorodok city territorial community. 50.1856 hectares of land were allocated for the arrangement of the park, and the initiator of the IP was Epicenter K LLC.
“The park will specialize in agro-processing – production of oil and fats, products of the flour and poultry industry, other food products and ready-made animal feed. In addition, it is planned to produce most of the electricity for the work of the enterprises located there,” the report says.
It is assumed that the creation of the park will provide work for about 480 residents of the community. As noted in the concept of the park, during 2026-2032 the enterprises participating in the park will pay to the budgets more than 525 million UAH of taxes and fees.
In addition, the register of FE includes “YADRO Industri” in Drohobych, Lviv region, with an area of 10.0036 hectares, initiated by LLC “Facade-West”, which plans to invest in the development of more than 561 million UAH.
It is planned to create about 500 jobs in the industrial cluster, one of the key types of production of which is planned to be window production.
Priority for placement in the park will also be enterprises for production of building materials from clay, porcelain and ceramics products; production of cement, lime and gypsum mixture and products from these materials, processing and finishing of stone, etc.
It is stated that among the investors ready to invest in production are companies from the USA and Spain, Ukrainian small and medium-sized enterprises. The total amount of their investments is planned at the level of 270 million UAH.
“The development of industrial parks is very important in the context of recovery and further growth of the Ukrainian economy…The government is purposefully working on the development of processing with high added value. And the work of processing enterprises within the parks gives businesses significant additional opportunities for growth,” the press service quoted Deputy Economy Minister Volodymyr Kuzo as saying.
Given the decisions taken by the government on Friday, 73 parks are included in the Register of industrial parks.
As reported, the draft state budget for 2024 for the first time provided for the allocation of UAH 1 billion for the development of infrastructure of industrial parks.

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Register of industrial parks in Ukraine has been updated

The Cabinet of Ministers of Ukraine has added two more parks to the Register of Industrial Parks – EcoStyle in Dnipropetrovs’k region and Iskra in Ivano-Frankivsk region, the press service of the Ministry of Economy reports.
According to the report, the government made the decision at a meeting on October 6, 2023.
The press service clarifies that both parks will operate in the processing industry and create a total of more than 1800 jobs.
In particular, the EcoSteel industrial park in the territory of Novopil village council, Kryvyi Rih district, Dnipro region, will specialize in the production of metallurgical products, metalworking, processing of metallurgical waste, building materials, logistics, etc. It is planned to create about 900 jobs.
The Iskra Industrial Park, initiated by Pidhaichyky village council (Kolomyia district, Ivano-Frankivsk region), will focus on food production, textile manufacturing, and wood processing.
The park will also be home to companies producing wood and cork products, furniture, hardware, machinery and equipment. About 950 jobs are expected to be created.
Thus, according to the Ministry of Economy, 67 parks have already been included in the Register of Industrial Parks.
As reported, the law provides for exemption from VAT and duties on imports of new equipment, as well as from income tax for 10 years for residents of the IPs; preferential rates of real estate tax and land fees from local authorities.
At the same time, according to Dmytro Kysylevskyi, Deputy Chairman of the Parliamentary Committee on Economic Development, up to half of the registered IPs may soon be removed from the register due to inactivity (parks registered between 2013 and 2019).

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