Business news from Ukraine

Business news from Ukraine

Inflation in Ukraine rose to 11.0% on year-over-year basis

Consumer price growth in Ukraine slowed to 1.8% in October 2026, following an acceleration to 2.1% in September from 0.1% in August and 0.3% in July, the State Statistics Service (Gosstat) reported on Tuesday.

The statistics agency noted that in October 2025, prices rose by 0.9%; therefore, on a year-over-year basis, inflation as of the end of October 2026 rose to 11.0% from 10.0% at the end of September and 8.1% at the end of August.

It is noted that in October 2026, core inflation also fell to 1.4% compared to 2.0% in September. However, given that it stood at 0.6% in October 2025, year-over-year core inflation rose to 9.7% from 8.8% as of the end of September.

As previously reported, the National Bank of Ukraine raised its inflation forecast for this year from 10.0% to 12.5% in late October, and for next year from 6.9% to 7.3%. According to the NBU’s estimates, the impact of shelling alone will add about 0.7 percentage points to annual inflation. Other important factors that will affect price dynamics include the impact of rising fuel prices and the expansion of fiscal stimulus measures.

Inflation in Ukraine surged to 26.6% during the first year of full-scale Russian aggression, after which it fell to 5.1% in 2023. The following year, it rose again to 12%, but by 2025, it had been brought down to 8%, partly due to the National Bank’s fairly tight monetary policy.

Source: https://stat.gov.ua/uk/publications/indeksy-tsin-u-zhovtni-2026-roku-ekspres-vypusk

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Sales at pharmacies in Ukraine over the first 9 months rose by 16.7% in monetary terms but fell by 5% in volume terms

Pharmacy sales in Ukraine for the January–September 2026 period rose by 16.7% in monetary terms compared to the same period in 2025—reaching nearly 186.387 billion UAH, while in volume terms, they fell by 5%, to nearly 802.242 million packages, the company “Business Credit” reported to the Interfax-Ukraine news agency, citing a study it conducted.

According to the report, the weighted average price of the pharmacy basket for the period in question was 232.33 UAH per package, which is 22.91% higher than during the same period a year earlier.
At the same time, pharmacy sales of medicines increased by 23.12% in monetary terms—to more than 152.26 billion UAH—and by 6.34% in volume terms—to nearly 634.961 million packages.

The weighted average retail price of pharmaceuticals for the first nine months of 2026 was 239.79 UAH per package, which is 15.79% higher than in January–September 2025.
At the same time, pharmacy sales of dietary supplements in the first nine months of 2026 increased by 7.5% in monetary terms—to nearly 19.764 billion UAH—while in volume terms they decreased by 17.7%—to 59.913 million packages. The weighted average price in this segment rose by 30.72%—to 329.88 UAH per unit.

Business Credit notes that from January through September 2026, the highest price increases in pharmacy retail were seen in products for parenteral administration of medications (syringes, injection needles, infusion sets/drip sets/transfusion sets, catheters—IF-U), which rose in price by 53.47%.
Overall, according to the company’s data, in the pharmacy retail sector over the first nine months of 2026, sales volumes in monetary terms decreased across all product categories except dietary supplements (+7.5%), therapeutic cosmetics (+21.4%), and mineral water (+4.8%).

At the same time, in volume terms, pharmacy sales increased only in the pharmaceuticals category.

As previously reported, pharmacy sales in Ukraine for the period from January through August 2026 increased by 15.7% in monetary terms compared to the same period in 2025—to more than nearly 162 billion UAH—while in volume terms, they decreased by 5.86%, to nearly 707,313 thousand packages. The weighted average price of items in the pharmacy basket for the period was 229.76 UAH per package, which is 22.88% higher than during the same period a year earlier.

At the same time, pharmacy sales of pharmaceuticals increased by 21.32% in monetary terms—to nearly 132.199 billion UAH—and by 5.13% in volume terms—to nearly 556.962 million packages. The weighted average retail price of medicines for the first eight months of 2026 was 237.36 UAH per package, which is 15% higher than in January–August 2025.

For the full year 2025, pharmacy sales in monetary terms increased by 14.23% compared to 2024—to more than 220.287 billion UAH—while in volume terms, they decreased by 2.25%, to nearly 1.135 million packages. The weighted average price of items in the pharmacy basket was 194.68 UAH per package, which is 16.86% higher than a year earlier. Pharmacy sales of medicines in 2025 increased by 12.79% in monetary terms—to nearly 170.318 billion UAH—while in volume terms, they decreased by 0.2% compared to 2024, to 808.546 million packages. The weighted average retail price of pharmaceuticals at the end of 2025 was 210.65 UAH per package, which is 13% higher than at the end of 2024.

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Autogas Prices in Ukraine May Rise to 66 UAH/L in November — “A-95”

Retail prices for automotive liquefied petroleum gas in Ukraine may rise to 66 UAH per liter at certain gas station chains in the second half of November 2026 due to a global shortage of the resource, rising import costs, and logistical challenges.

This was reported by the “A-95” Consulting Group in a press release dated November 6, based on the results of monitoring the Ukrainian and European fuel markets.

According to analysts, during October, the average retail price of autogas in Ukraine increased by 13.75 UAH/liter, to 57.66 UAH/liter. Thus, in just one month, the price of the fuel rose by approximately 31%.
As of November 6, the average price of liquefied gas at Ukrainian gas stations approached 60 UAH/liter.

Experts cite limited supply of propane and butane on the global market as the main reason for the price increase. Reduced production in the Gulf countries and disruptions to maritime transport due to security risks have led to a decrease in supplies from the Middle East.

As a result, Asian buyers, who traditionally purchase significant volumes of liquefied gas in this region, have begun to compete more actively with European consumers for American supplies.
At the same time, on the Ukrainian market, additional pressure on prices is being created by a shortage of liquefied gas in Poland, Romania, and Lithuania, which are the main sources of autogas imports into Ukraine.

The situation is complicated by rising transportation costs due to security risks in the Black Sea and queues at road border crossings.

According to “A-95,” as of November 6, offer prices for imported autogas at the Polish-Ukrainian border exceeded $1,500 per metric ton. At southern border crossings, the wholesale price also approached $1,500 per metric ton.

“Given the current offer prices for imported autogas, prices at certain gas station chains may rise to 66 UAH/liter in the second half of the month,” the “A-95” Consulting Group notes.
The forecast refers to possible price levels at specific chains, not the average price of autogas across Ukraine.

The “A-95” Consulting Group specializes in research on the Ukrainian petroleum products market, price monitoring, and analysis of fuel imports and fuel logistics.

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Number of real estate transactions in Bulgaria has fallen to its lowest level since 2005

The Bulgarian real estate market continued to cool sharply: in the third quarter of 2026, 45,312 transactions were registered in the country, marking the lowest figure since at least 2005, the earliest year for which comparable data from the Bulgarian Registry Agency is available.

Compared to July–September 2025, when 58,184 transactions were recorded, market volume contracted by 22.1%. For the first time since 2010, the number of transactions in the third quarter fell below 50,000.

The decline affected nearly the entire country. An increase in the number of transactions was recorded in only six of the 113 cities included in the statistics. Among them were Blagoevgrad, where sales rose by 19.8%, and Gotse Delchev, with an 11.2% increase.

In Sofia, 7,282 transactions were recorded in the third quarter, 21.2% fewer than a year earlier. In the Burgas region, the figure fell by 14.3% to 2,047 transactions. Both markets have effectively returned to 2023 levels.

In the Plovdiv region, the number of transactions fell by 23.9% to 3,356, the lowest level since 2013. In Varna, the decline was 26.3%, and the number of transactions fell below 3,000 for the first time since 2015.

An even sharper decline was observed in a number of resort and regional markets. In Nessebar, which also includes transactions in Sunny Beach, the number of transactions fell by 37%. In Razlog, which includes the Bansko market, the decline was 30.4%; in Smolyan, 30.7%; and in Chepelare, nearly 40%.

From January through September 2026, 129,431 transactions were recorded in Bulgaria, which is nearly 19% fewer than a year earlier. By comparison, 159,338 transactions were completed during the same period in 2025, 152,316 in 2024, and 153,109 in 2023.

However, the decline in the number of transactions has not yet been accompanied by a drop in prices. According to data from the National Statistical Institute of Bulgaria, in the second quarter of 2026, housing prices rose by 15.5% year-over-year and by 4.5% compared to the first quarter. Bulgaria ranked second in the EU in terms of the annual growth rate of housing prices.

Consequently, an unusual situation is unfolding in the market: the number of transactions is falling sharply, but prices continue to rise. This may indicate a decrease in the supply of high-quality properties, a high proportion of cash buyers, and price inertia following the strong growth of recent years.

Official source: Bulgarian Registry Agency – Property Registry Statistics.

 

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Prices for construction and installation work in Ukraine rose by 25.4% in August, according to State Statistics Service

Prices for construction and installation work in Ukraine rose by 25.4% in August 2026 compared to August 2025, according to the State Statistics Service (State Statistics Service).

According to the statistics agency, prices rose across all segments of construction from August 2026 to August 2025: in residential construction by 21.5% (up 1.3% from the previous month), in non-residential construction by 26.4% (2%), and in civil engineering by 26.1% (1.6%).

From January through August of this year compared to the same period last year, construction material and equipment prices rose by 18%; specifically, in the residential sector by 15.5%, in the non-residential sector by 18.7%, and in civil engineering by 18.4%.

As previously reported, in 2025, construction material prices rose by 5.8% compared to the previous year; in 2024, by 7.9%; and in 2023, by 15.8%.

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Number of real estate transactions in Bulgaria has fallen to its lowest level since at least 2005

The Bulgarian real estate market continued to cool sharply: in the third quarter of 2026, 45,312 transactions were registered in the country, marking the lowest figure since at least 2005, according to comparable data from the Bulgarian Registry Agency.

Compared to July–September 2025, when 58,184 transactions were recorded, market volume shrank by 22.1%. For the first time since 2010, the number of transactions in the third quarter fell below 50,000.
The decline affected nearly the entire country. An increase in the number of transactions was recorded in only six of the 113 cities included in the statistics. Among them were Blagoevgrad, where sales rose by 19.8%, and Gotse Delchev, with an increase of 11.2%.

In Sofia, 7,282 transactions were recorded in the third quarter, which is 21.2% less than a year earlier. In the Burgas region, the figure fell by 14.3% to 2,047 transactions. Both markets have effectively returned to 2023 levels.
An even sharper decline was recorded in a number of resort and regional markets. In Nessebar, which also includes transactions in Sunny Beach, the number of transactions fell by 37%. In Razlog, which includes the Bansko market, the decline was 30.4%; in Smolyan, 30.7%; and in Chepelare, nearly 40%.

From January through September 2026, 129,431 transactions were registered in Bulgaria, which is nearly 19% fewer than a year earlier. By comparison, 159,338 transactions were concluded during the same period in 2025, 152,316 in 2024, and 153,109 in 2023.

However, the decline in the number of transactions has not yet been accompanied by a drop in prices. According to data from the National Statistical Institute of Bulgaria, in the second quarter of 2026, housing prices rose by 15.5% year-over-year and by 4.5% compared to the first quarter. Bulgaria ranked second in the EU in terms of the annual growth rate of housing prices. Consequently, an unusual situation is unfolding in the market: the number of transactions is falling sharply, but prices continue to rise. This may indicate a reduction in the supply of high-quality properties, a high proportion of cash buyers, as well as price inertia following significant growth in recent years.

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