Business news from Ukraine

Business news from Ukraine

China Has Become Ukraine’s Largest Supplier of Wires and Cables—Imports Rose by 23%

In January–September 2026, Ukraine increased its imports of insulated wires and cables by 22.7%—to $540.7 million, with China significantly outpacing traditional European suppliers in this segment for the first time.
According to the State Customs Service, imports of Chinese cable products reached $157 million, compared to $92.6 million during the same period last year.
Thus, in just one year, shipments from China grew by approximately 69.5%, and its share of Ukraine’s wire and cable imports approached 29%.
Hungary remains the second-largest supplier. Over the nine-month period, Ukraine imported $124 million worth of wires and cables from Hungary, compared to $114 million a year earlier, representing an increase of approximately 8.8%.
Poland ranked third with shipments totaling $74 million, compared to $74.7 million in January–September 2025.
Thus, China, Hungary, and Poland together accounted for about $355 million, or nearly two-thirds of all Ukrainian imports of cable products.
The main change in the market structure was the strengthening of China’s position. Just a year ago, Hungary was the largest supplier, whereas now the value of Chinese imports exceeds that of Hungary’s by approximately $33 million.
The rapid growth in imports may be linked to increased demand for electrical products, the restoration of energy infrastructure, telecommunications projects, construction, industrial equipment, and automotive components.
At the same time, imports are growing significantly faster than exports. Over the first nine months, Ukrainian exports of wires and cables remained roughly at last year’s level—$1.065 billion—while imports rose by nearly a quarter.
By the end of 2025, Ukraine had imported $590.7 million worth of wires and cables, which was 24.3% higher than in 2024. In just the first nine months of 2026, the volume of imports had already approached the total for the entire previous year.

 

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Ukrainians’ Net Sentiment Toward Spain Rises to 63.6 Points – Experts Club

Spain continues to strengthen its positive image among Ukrainians: in August 2026, 65.2% of respondents expressed a positive attitude toward the country, while only 1.6% expressed a negative one. Compared to the previous survey, the share of positive assessments has increased, while negative attitudes remain at a minimal level, according to the Experts Club Information and Analytical Center.

According to the results of the August survey, 23.9% of Ukrainians have a completely positive attitude toward Spain, and 41.3% have a mostly positive attitude. A neutral stance is held by 31.3% of respondents. 1.4% view the country mostly negatively, only 0.2% view it entirely negatively, and another 2% were undecided.

The balance of positive and negative assessments stands at plus 63.6 percentage points. Thus, positive attitudes toward Spain outweigh negative ones by more than 40 times, and over 96% of respondents view the country positively or neutrally.

Compared to March 2026, attitudes toward Spain have improved. In the previous survey, 18.9% of respondents described their attitude as entirely positive, and 44.8% as mostly positive. The overall positive rating stood at 63.6%, the negative rating at 0.9%, and 33.6% of respondents held a neutral position.

Over the course of five months, the share of positive assessments increased by approximately 1.6 percentage points—to 65.2%. At the same time, there were changes within the positive group: the share of “entirely positive” responses rose by 5 percentage points—from 18.9% to 23.9%—while the share of “mostly positive” responses declined slightly. The share of neutral assessments decreased from 33.6% to 31.3%.

This continues the positive trend observed in previous waves of the survey: in August 2025, the balance of positive and negative attitudes toward Spain stood at approximately plus 52 percentage points; in March 2026, it was approximately plus 62.7 percentage points; and in August, it was plus 63.6 percentage points.

Spain remains not only one of the most positively perceived European countries but also one of Ukraine’s most advantageous trading partners. Recently, Spain has been among the leaders in terms of a trade surplus for Ukraine—that is, Ukrainian exports to this country significantly exceed imports. This makes the Spanish market particularly important in terms of foreign exchange earnings, export diversification, and the presence of Ukrainian businesses in the EU market.

Maksym Urakin, founder of the information and analytical center Experts Club, notes that in this case, the country’s positive public image is combined with real economic benefits for Ukraine.

“Spain is not only a country with a consistently positive image among Ukrainians but also one of Ukraine’s most advantageous economic partners. Recently, it has demonstrated a very strong position in bilateral trade and stands out as one of the leaders in terms of a trade surplus favorable to Ukraine. The combination of economic benefits, political support, humanitarian openness, and a positive public attitude forms a very solid foundation for the further development of Ukrainian-Spanish relations,” Urakin noted.

Oleksandr Pozniy, director of the research company Active Group, attributed the positive perception of Spain to a combination of political, humanitarian, and social factors.

“Spain actively supports Ukraine on the international stage, provides humanitarian aid, and creates favorable conditions for Ukrainian displaced persons. At the same time, cultural openness and traditional ties between our peoples reinforce this positive image. Therefore, there is virtually no mistrust or criticism of Spain within Ukrainian society,” Pozniy noted.

The latest wave of the survey generally confirms this trend. The increase in the share of entirely positive assessments, coupled with an extremely low level of negative sentiment, indicates that Spain continues to enjoy a consistently positive image among the Ukrainian public.

The survey was conducted in August 2026 using self-administered online questionnaires in the SunFlowerSociology panel among 800 Ukrainian citizens aged 18 and older. In the previous wave conducted in March, 800 respondents were also surveyed, and the sample was representative by age, gender, and region.

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“Velmart” Increased Share of Direct Shipments from Manufacturers to 53%

The “Velmart” discount hypermarket chain has restructured its supply chains and increased the share of direct shipments from manufacturers to stores to 53%, its press service reported.

“As of September, deliveries to the chain cover more than 11,000 SKUs, supplied by over 570 partner suppliers. In September, the share of direct deliveries from manufacturers in the total value of goods received rose to about 53%, while in August this figure stood at 12%,” the chain’s press release states.

According to the report, local producers supply goods to their own regions without shipping them to a distribution center. This approach reduces the burden on interregional transportation routes and allows for faster delivery of goods to stores.

In addition, “Velmart” prioritizes the supply of everyday consumer goods: dairy products, deli items, meat, baked goods, groceries, vegetables, fruits, sugar, salt, and flour. If Ukrainian-produced goods are out of stock, the chain seeks alternatives manufactured in Poland or Romania.

The “Velmart” chain is part of the multi-brand holding company Retail Group. It has 34 stores in 18 cities across Ukraine. It develops 10 private-label brands and operates seven full-cycle production facilities: meat and fish products (chilled and smoked), prepared foods, baked goods, and confectionery.

The company is also expanding the Graan Café chain of modern food courts within “Velmart” supermarkets and its “Pukhnastye Sprawy” line of pet products.

According to data from the YouControl analytics system, based on 2025 results, Foodcom LLC, which operates the “Velmart” chain, increased its net revenue by 18.7% to 23.6 billion UAH and its net profit by a factor of 3.2 to 378.6 million UAH.

Retail Group JSC is listed as the owner of Foodcom LLC, with Roman Lunin as the ultimate beneficiary.

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In Ukraine, 66,600 more sole proprietorships were opened than closed over course of nine months – Opendatabot

In Ukraine, 222,300 new sole proprietorships were registered from January through September 2026, while 155,600 sole proprietorships ceased operations. Thus, the number of new registrations exceeded the number of closures by 66,600, according to data from the Unified State Register analyzed by Opendatabot.
The number of new sole proprietors remained virtually unchanged compared to the same period in 2025, while the number of closures dropped by 27% at once.
In total, since the beginning of the year, 222,288 new sole proprietors have been registered in Ukraine, while 155,645 have ceased operations. The net increase amounted to 66,643 entrepreneurs.
However, the trend throughout the year was uneven. More new sole proprietorships were registered in January, March, April, and May than in the corresponding months of the previous year. In February, June, July, August, and September, the number of registrations was lower than last year’s.
Despite this, September set a record for 2026 in terms of the number of new businesses—approximately 27,400 new sole proprietorships were registered.
Opendatabot notes that any comparison with the beginning of 2025 must take a technical factor into account. The sharp increase in the number of business closures in January of last year was due to the suspension of state registries in December 2024, when entrepreneurs were effectively unable to register the opening or closure of a business.
The largest number of new sole proprietorships over the nine-month period was registered in Kyiv—27,300. Dnipropetrovsk Oblast ranked second with 22,300, followed by Lviv Oblast with 17,200, Odesa Oblast with 16,700, and Kyiv Oblast with 16,500.
Retail trade remains the leading business sector. It was chosen by 60,300 new entrepreneurs, accounting for more than a quarter of all sole proprietorships registered since the beginning of the year.
Computer programming attracted 16,700 new entrepreneurs, while wholesale trade drew 16,600. Another 10,700 registrations each were recorded in education and food and beverage services.
At the same time, retail trade also leads in the number of business closures—over the course of nine months, 49,400 sole proprietorships in this sector shut down. In computer programming, 17,100 entrepreneurs ceased operations; in wholesale trade, 11,700; and in the food service sector, 7,900.
In 22 regions of Ukraine, the number of sole proprietorships opened exceeded the number that closed. A negative balance was recorded in only three frontline regions—the Donetsk, Kherson, and Luhansk regions.

Source: Opendatabot’s “FOPonomics” study for the first nine months of 2026.

 

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One in four new sole proprietorships in Ukraine is established in the retail sector — Opendatabot

Retail remains the most popular sector for starting a small business in Ukraine—in the first nine months of 2026, 60,300 new sole proprietorships were registered in this sector, according to Opendatabot data based on the Unified State Register and an analysis by the Experts Club think tank.

Retail accounts for more than a quarter of all new sole proprietorships registered in Ukraine since the beginning of the year. In total, 222,300 sole proprietorships were established from January through September.

Computer programming was the second most popular sector, with 16,700 new sole proprietorships. Wholesale trade showed virtually the same result—16,600

Approximately 10,700 new entrepreneurs were registered in the education sector. The same number of sole proprietorships began operations in the food and beverage sector, which includes, in particular, various formats of food service.

However, the most popular business sectors also lead in the number of closures.

In retail trade, 49,400 sole proprietorships ceased operations over the nine-month period. Thus, despite the large number of closures, the net increase in the number of entrepreneurs in the sector amounted to approximately 10,900.

The situation was different in computer programming. With 16,700 new registrations, 17,100 sole proprietorships ceased operations. Thus, based on the absolute figures published by Opendatabot, the number of closures in the IT segment exceeded the number of new openings by approximately 400.

In wholesale trade, the situation remains positive: with 16,600 new sole proprietorships, 11,700 closed, resulting in a net increase of approximately 4,900 entrepreneurs.

In the food service sector, approximately 10,700 new sole proprietorships were registered, with 7,900 closures—a positive difference of about 2,800.

In total, over the first nine months of 2026, 222,288 sole proprietorships opened in Ukraine, while 155,645 closed. The number of new entrepreneurs exceeded the number of those who ceased operations by 66,643.

Source: Opendatabot — “This year, 66,000 more sole proprietorships were opened than closed”.

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Global grain trade in 2026/27 season will decline by 3.5% — FAO

Global grain trade in the 2026/27 agricultural year (July–June) will total 505.8 million metric tons, down 3.5% from last year, according to a forecast by the FAO (Food and Agriculture Organization of the United Nations).

According to the organization’s monthly grain report, the new estimate is 3.5 million metric tons lower than the previous forecast made in September. “This reflects a downward revision of wheat and corn export forecasts, driven primarily by shipping difficulties through the Black Sea and insufficient capacity on alternative transport routes,” the report states. “The upward revision to the barley trade forecast only partially offsets the lost corn and wheat trade volumes.”

Forecasts for corn exports from the EU were lowered due to reduced supply from Ukraine resulting from logistical difficulties. At the same time, an increase in export supply from Australia has allowed for an upward revision of the forecast for barley trade, a significant portion of which will be shipped to China.
The improved forecast for wheat exports from Kazakhstan has not fully offset the decline in shipments from Russia and Ukraine.

According to the forecast, international rice trade will decline by 2.2% in calendar year 2026; however, it may increase by 1.7% in 2027, reaching 61.2 million metric tons. “In 2027, a recovery in import demand is projected in most regions; however, the availability of sufficient domestic stocks in East Asian countries suggests that the downward trend in their purchasing volumes may continue for the third consecutive year,” the document states.

According to the FAO forecast, the wheat harvest in 2026 will total 813.9 million metric tons, which is 3.3% less than last year, while the total grain output will be 2 billion 979 million metric tons (2.1% less).

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