In Ukraine, 19,758 thousand new companies were registered from January through June 2026, an 8% increase compared to the same period last year, according to Opendatabot, citing data from the Unified State Register.
The number of newly established legal entities was the highest in the last three years. In the first half of 2025, 18,277 thousand companies were registered in Ukraine, compared to 18,414 thousand during the corresponding period in 2024.
At the same time, the number of business closures increased. Over the six-month period, 6,563 thousand companies were dissolved or began the dissolution process—a 28% increase compared to January–June 2025.
The net increase in the number of legal entities in the first half of the year was 13,195 thousand companies.
The dissolution statistics include companies with the statuses “Dissolved” and “In the process of dissolution.” However, companies for which the procedure has not yet been completed may subsequently regain their registered status.
The most common reason for dissolution was liquidation—3,479 thousand cases, or more than half of the total. As a result of reorganization, 1,410 thousand companies ceased operations, and 651 companies were dissolved due to bankruptcy proceedings.
Another 574 companies were dissolved based on court decisions unrelated to bankruptcy. In 440 cases, the reason for dissolution was not specified.
The Commercial Court of Lviv Oblast declared PJSC “Galicia” Oil Refining Complex (Drohobych Oil Refining Complex) bankrupt, with total creditor claims exceeding 18 billion UAH, and initiated liquidation proceedings, according to a court ruling dated June 25, 2026, published in the Unified State Register of Court Decisions.
“PJSC ‘Galychyna Oil Refining Complex’ is hereby declared bankrupt, and liquidation proceedings are hereby initiated. The term for conducting the liquidation proceedings is set at twelve months,” the document states.
The court hearing is scheduled for September 22, 2026, and will take place at the Commercial Court of Lviv Oblast.
According to the court ruling, control over NPK “Galychyna,” whose total debt exceeds 18 billion hryvnias, is transferred to a creditors’ committee comprising the state-owned companies JSC “Ukrnafta” and PJSC “UkrTatNafta.”
The court concluded that the complex’s financial and asset situation is critical, as its operations have been deeply unprofitable in recent years. Specifically, the company’s losses totaled nearly 7 billion hryvnias in 2024 and over 3.46 billion hryvnias in 2025, while the shortfall in assets to cover its debt amounts to more than 15.2 billion hryvnias.
The Drohobych-based NPK “Galychyna” is considered an asset of Ihor Kolomoyskyi and his business partners and has been under seizure since 2023.
BANKRUPTCY, LIQUIDATION, UKRNAFTA, НПК Галичина, УКРТАТНАФТА
The Individuals’ Deposit Guarantee Fund is completing the liquidation of Bank Starokyivsky (Kyiv), according to the website of the fund.
According to the report, on September 17, the liquidator of Bank Starokyivsky submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations for state registration of the bank’s termination as a legal entity in the unified state register of legal entities, individual entrepreneurs and public organizations.
The fund also announced the completion of payment of guaranteed amounts of compensation to the bank’s depositors.
As reported, the National Bank of Ukraine (NBU) in September 2014 decided to liquidate Bank Starokyivsky.
Bank Starokyivsky Bank was founded in 1991.
Bank Starokyivsky ranked 148th among 173 banks operating in the country on July 1, 2014 in terms of total assets (UAH 413.806 million), according to the National Bank of Ukraine.
