Business news from Ukraine

Business news from Ukraine

Agricultural production in Ukraine rose by 1.7% over first four months

Agricultural production in Ukraine increased by 1.7% in January–April 2026 compared to the same period last year, while growth for the first three months stood at 1.2%, according to the State Statistics Service (SSS).

According to the published data, the positive trend was driven exclusively by the livestock sector, as crop production data is not traditionally compiled until June.

The main driver of growth was agricultural enterprises, which increased production volumes by 10.5%. The best performance in this sector over the four-month period was demonstrated by Chernivtsi (+32.2%), Donetsk (30.8%), Zakarpattia (30.0%), and Lviv (29.4%) regions, while a decline in performance was recorded in four regions: Kherson (by 35.4%), Sumy (by 7.6%), Vinnytsia (by 3.6%), and Mykolaiv (by 3%).

In private households, the decline in production remained at the first-quarter level—15.7%. The largest declines in the private sector were observed in Donetsk (67%), Zakarpattia (48.4%), and Ternopil (35.9%) regions.
A slight increase in private households was recorded in only two regions—Kyiv (1.0%) and Odesa (0.1%).

As reported, by the end of 2025, agricultural production in Ukraine had decreased by 6.8% compared to 2024. In January 2026, growth of 3.2% was recorded, but for the period January–February, it slowed to 1.7%.

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Ukraine’s GDP fell by 0.5% in Q1 2026 – State Statistics Service

Ukraine’s real gross domestic product (GDP) fell by 0.5% in the first quarter of 2026 compared to the first quarter of 2025, following a 3.0% increase in the fourth quarter of last year, 2.1% in the third quarter, 0.7% in the second, and 0.8% in the first, the State Statistics Service reported on Tuesday.

According to its data, compared to the previous quarter, taking into account seasonal factors, real GDP decreased by 0.7%, while a quarter earlier this figure was positive at 0.7%.

As reported, the National Bank lowered its forecast for real GDP growth in 2026 to 1.3% from 1.8% in its January Inflation Report due to the still-dire state of the energy system and the accumulation of negative economic effects from the war in the Middle East. The NBU estimated GDP growth in the first quarter at 0.2%

At the same time, the Ministry of Economy estimated a 0.2% decline in GDP for January-February of this year.

As reported, according to the State Statistics Service, Ukraine’s GDP growth slowed to 1.8% in 2025 from 2.9% in 2024 and 5.5% in 2023, following a 28.8% decline in 2022—the first year of full-scale aggression.

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Industrial producer prices in Ukraine rose by 2.3% in March

Industrial producer prices in Ukraine rose by 2.3% in March compared to the previous month of 2026, following a 22.3% increase in February and a 3.5% increase in January, according to the State Statistics Service (SSS).

“In March, the rise in prices was primarily driven by a 4.8% increase in costs in the mining and quarrying sector,” the State Statistics Service noted.

According to the agency’s data, on an annualized basis (compared to March 2025), industrial price growth accelerated to 36.6% by the end of March 2026, up from 34.5% in February and 11.2% in January.

As reported, industrial prices rose by 8.2% in 2025.

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Capital investments in Ukraine increased by 25.2% in 2025

The volume of capital investments in Ukraine in 2025 increased by 25.2% compared to 2024 and amounted to UAH 669.3 billion, the State Statistics Service reported on Tuesday. It is noted that the main source of financing for capital investments last year remained the own funds of enterprises and organizations, which accounted for 71.2% of the total volume.

The agency specified that the share of the state budget amounted to 7%, local budget funds to 6.4%, household funds for housing construction to 5.7%, bank and other borrowed financing to 5.1%, while funds from foreign investors accounted for only 0.1%.

A significant share of capital investments was directed to industry — 38.7% of the total amount of investments (UAH 259.1 billion); transport, warehousing, postal and courier activities — 10.8% (UAH 72.3 billion).

As reported, capital investments in Ukraine in 2024 increased by 35% to UAH 534.4 billion.

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Housing prices in Ukraine rose by 12.8% in 2025, according to State Statistics Service

The housing price index in Ukraine reached 112.8% at the end of 2025, compared to 112.7% in 2024 and 114.5% in 2023, according to the State Statistics Service (Derzhstat).

According to its data, housing prices in the primary market rose by 14.3% in 2025, with growth slowing compared to 2024, when the figure was 15%. At the same time, one-room apartments rose in price by 14.6%, two-room apartments by 14.1%, and three-room apartments by 13.2%.

At the same time, housing prices in the secondary market rose last year after falling in 2024. Thus, the secondary market rose by an average of 12%, which is 0.4 percentage points (p.p.) higher than in 2024. One-room apartments on the secondary market rose in price by 12.7%, two-room apartments by 12.1%, and three-room apartments by 11.8%.

According to the agency, in the fourth quarter of 2025, the housing price index was 113.2%, which is almost equal to the figure for the fourth quarter of 2024 (113.1%). In particular, in October-December 2025, prices in the primary market rose by 13.1% compared to 15.8% in October-December 2024, while in the secondary market, the rate of price growth accelerated: the indicator was 13.3% compared to 11.9%, respectively.

In the fourth quarter of 2025, compared to the third quarter, the housing price index rose by 4.4 percentage points to 104.7%. In particular, housing prices in the primary market rose by an average of 4.3%: one-room apartments by 4.8%, two-room apartments by 4.2%, and three-room apartments by 3.7%.

In the secondary market, housing prices rose by 5% in the fourth quarter of 2025, compared to 0.3% in the third quarter. One-room apartments rose in price by 5.6%, two- and three-room apartments by 5% and 4.5%, respectively.

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Ukraine’s State Statistics Service to launch new website in autumn

The State Statistics Service of Ukraine (SSS) is currently working on developing a new, more user-friendly website, which it plans to launch in autumn this year, according to SSS head Arsen Makarchuk.

“It is not only the product that is important, but also its packaging, presentation… We need to become closer and better in presenting our product. It (the website) should become a place where statistics answer questions, allow you to see the country through data, and not just be uploaded in Excel format,” he said in an interview with Interfax-Ukraine.

Makarchuk noted that, in accordance with legislation and established practice, the term “user” is used in official documents at the State Statistics Service, but for him it is essential to consider those for whom the statistical agency works not as users, but as customers.

“What is a client? Essentially, it is an economic agent who makes an informed choice in favor of using your products or refusing to use them if the product is not satisfactory. To satisfy our client, we need to provide them with what they need,” emphasized Makarchuk, who headed the State Statistics Service in early March, having previously worked at the National Bank for many years.

According to him, if the State Statistics Service cannot satisfy the customer’s need for data, the customer will satisfy it elsewhere, even if the data quality is worse, while the state statistics agency will be left “out in the cold.”

As an example, the new head cited the consumer price index assessment, which he would like to speed up because some clients may use web scraping, an automated process of collecting large amounts of data on the Internet, instead of official statistics.

Another example Makarchuk cited was the population estimate, which the State Statistics Service has not published since 2022 for objective reasons, and therefore many clients — from central executive authorities to international organizations — rely on their own estimates, such as the Institute of Demography, which estimates the population at 28 to 34 million.

“The World Bank and the International Monetary Fund conduct their own estimates. We do not know what methodologies they use. These are largely assumptions rather than accurate estimates, but in the absence of our product, they use others. The threat is that at some point we will have no customers left. If we don’t offer a good product that meets their requirements, they will find other sources,” Makarchuk concluded.

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