Business news from Ukraine

Business news from Ukraine

Wholesale Trade and IT Saw Largest Increase in Number of Companies in Ukraine

Wholesale trade led the way in terms of net growth in the number of companies in Ukraine during the first half of 2026, according to Opendatabot. The number of legal entities in the wholesale trade sector increased by 2,304 thousand over the six-month period.

The information technology sector took second place, with a net increase of 1,254 thousand companies. In the real estate sector, the number of companies increased by 1,104 thousand.

The top five sectors with the largest growth also included non-profit organizations, which increased by 859, and building and grounds maintenance companies, which increased by 824.

At the same time, the number of legal entities decreased in a number of sectors. The largest decline was recorded in public administration and defense—a decrease of 289 companies.

In the education sector, the number of legal entities decreased by 282; in veterinary services, by 20; in water supply, by 14; and in the creative, arts, and entertainment sectors, by 11.

In total, 19,758 thousand new companies were registered in Ukraine from January through June 2026, while the number of business closures stood at 6,563 thousand. The net increase in businesses reached 13,195 thousand.

 

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Ukrainian company SoftServe has acquired Indian company NewVision Software

Ukrainian IT services company SoftServe announced the completion of its acquisition of the Indian technology services company NewVision Software, which specializes in software development and the modernization of IT infrastructure based on cloud technologies, according to a company press release published on Tuesday.

As part of the deal, more than 700 engineers will join SoftServe. Among others, NewVision Software CEO Kapil Godani and Co-Chairman of the Board Balan Ramaswami will also join the company.
It is noted that NewVision Software will continue to operate under its own brand as a wholly owned subsidiary of SoftServe.

According to Andriy Stitsyuk, SoftServe’s Chief Financial and Operating Officer, an increasing number of the company’s clients are developing large-scale GCCs (Global Capability Centers) in India, where business decisions are made and engineering development takes place.
“Being alongside these teams in the same time zones and work environment allows SoftServe to co-create solutions in real time and respond quickly to new opportunities,” Stitsyuk is quoted as saying in the press release.

“In SoftServe, we have found a partner that shares this vision and combines world-class engineering expertise with a deep commitment to client success. Together, we can offer clients broader capabilities, greater scale, and confidence in implementing AI initiatives, while maintaining the level of partnership and engagement for which our teams are renowned,” said Kapil Godani, CEO of NewVision Software, in the press release.

SoftServe is a global digital engineering and technology consulting firm specializing in AI, data, and cloud solutions. The company was founded in 1993 in Lviv. Approximately 10,000 employees work in 49 offices around the world. Taras Kitsmey, Yaroslav Lyubinets, Oleg Denis, Yuriy Vasylyk, and Taras Verveha are co-owners of the IT services company SoftServe; Harry Propper serves as CEO.

NewVision Software is an IT consulting and technology services company specializing in software development, intelligent managed services, product engineering, and agentic assurance. NewVision Software’s headquarters are located in Pune, India.

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Vchasno Group has increased its stake in the “Medix Opika” service to 73.5%

Vchasno Group, a group of Ukrainian IT companies, has signed an agreement to increase its stake in the home healthcare service “Medix Opika” (Medix Opika LLC and Medix Management Company), with which it began collaborating in 2025, to 73.5%, according to a company announcement on LinkedIn on Tuesday.

“Interest in ‘Medix Opika’ was driven by the service’s operational model, its potential for scaling, and the significant role of digital tools in the company’s operations,” Vchasno Group co-founder and CEO Mykola Palienko is quoted as saying in the release.

According to the announcement, by the end of 2026, the company plans to expand the medical service’s presence in communities and regional centers, develop specialized areas of medical care, and increase the volume of services for veterans with severe injuries.

According to information on the Vchasno Group’s official website, over the past year, “Medix Opika” has expanded its operations eightfold. Specifically, the company currently serves more than 8,000 patients, provides services in 19 regions of Ukraine, and employs over 350 doctors of various specializations who form multidisciplinary teams in the regions where the service operates.

It is noted that the medical care service operates under contracts with the National Health Service of Ukraine (NHSU) and provides medical services in a home care setting. The service’s activities include stabilizing patients’ conditions, providing medical care at home, and training family members on how to respond to emergencies.

Vchasno Group is a group of Ukrainian IT companies that creates digital solutions for businesses and the government; Mykola Palienko is the group’s co-owner and CEO. The company’s projects include the “Vchasno” service and the Zakupivli.Pro platform for government and commercial procurement.

The “Vchasno” service is designed for companies and individuals and allows users to sign, exchange, and store electronic documents. The ecosystem includes the services “Vchasno.KEP,” “Vchasno.EDI,” “Vchasno.Zvit,” “Vchasno.Kasa,” “Vchasno.TTN,” and “Vchasno. Kadry.”

According to data from YouControl, in 2025, Medix Management Company LLC (Khmelnytskyi) increased its revenue 4.4-fold—to UAH 127.94 million—while its net profit grew 11.3-fold—to UAH 15.38 million.

In addition to Zakupivli. Pro,“ which owns 73.75%, the co-owners of ”Medix Opika” also include Director Volodymyr Buzhan—5%, Oleksandr Rusin—15%, Dmytro Matsiuk and Serhiy Moskalchuk—2.5% each, as well as Oleksii Marunchak—1.25%, while the beneficiaries listed are Palienko – 41.25% and Rusin – 33.75%.

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Metinvest Digital reported net profit of 4.5 mln hryvnia in first quarter

Metinvest Digital LLC, the IT expertise center of Ukraine’s largest mining and metallurgical holding, Metinvest, reported a net profit of UAH 4.505 million in January–March of this year, compared to a net loss of UAH 13 million during the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period increased by 13.2% to UAH 197.735 million.

Retained earnings as of the end of March amounted to UAH 64.058 million.

In 2025, the LLC reduced its net profit by 5.3 times compared to the previous year—to UAH 6.494 million from UAH 34.142 million, while revenue from ordinary activities for this period increased by 0.8%—to UAH 807.236 million from UAH 801.016 million.

The LLC ended 2023 with a net loss of UAH 9.525 million.

The number of employees as of the end of 2025 was 700, and as of the end of 2024, it was 764.

Metinvest Digital is a Ukrainian IT company specializing in the digital transformation of large businesses and implementing projects in Ukraine, Europe, and North America. The company develops, implements, and supports comprehensive IT solutions for building technological infrastructure, developing information systems, strategic outsourcing, data migration, system integration, cybersecurity, and information security. Metinvest Digital is the IT business partner of the Metinvest Group, serving over 30 of the holding’s enterprises worldwide. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).

Metinvest Holding LLC owns a 100% stake in Metinvest Digital LLC.

The LLC’s authorized capital is UAH 78.740 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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There are over 480 businesses with Ukrainian capital operating in Serbia

There are currently over 480 businesses with majority Ukrainian capital operating in Serbia, including 161 companies and 320 entrepreneurs, according to Marko Čadež, president of the Serbian Chamber of Commerce and Industry, citing data from the Serbian Business Registration Agency.

“Mostly in the fields of IT, consulting services, trade, and small business,” he said in an interview with the agency “Interfax-Ukraine”.

For comparison, Čadež cited data from pre-war 2021, when 202 Ukrainian companies and 117 entrepreneurs were operating in Serbia. According to him, about 40% of them were subsequently closed, but after 2022, a significant number of new registrations were recorded.

“Last year, for example, not a single company or entrepreneur was closed,” he noted.

The president of the Serbian Chamber of Commerce and Industry added that Ukrainian business in Serbia is gradually shifting from traditional trade to digital and other knowledge-based services.

“The number of IT entrepreneurs, consulting firms, and design studios is growing year after year,” said Chadezh.

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Global IT spending in 2026 could exceed $6.3 trln

Global spending on information technology (IT) in 2026 could increase by 13.5% and exceed $6.3 trillion, according to a press release from research firm Gartner.

“This forecast highlights the accelerated growth of AI infrastructure and advanced memory chip technologies,” said John-David Lovelock, a leading analyst at Gartner. “Investments in data centers are growing rapidly, which in turn is driving increased demand for high-performance computing. This dynamic creates significant growth opportunities for companies supplying AI-optimized processors and technologies.”

The most significant growth this year is expected to come from data center spending—up 55.8% to $788 million.

“Sustained demand combined with limited supply has led to record price increases for high-speed memory chips,” notes Lovelock. “This surge makes the memory segment a profitable area for chip manufacturers.”

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