Business news from Ukraine

Business news from Ukraine

Ukraine Has Harvested 13.9 Mln Metric Tons of Oilseeds; Sunflower Crop Exceeds Last Year’s Figure

As of October 13, 2026, Ukrainian farmers had harvested approximately 13.9 million metric tons of oilseeds, which is 2.1% more than on the same date last year.

Sunflowers and rapeseed accounted for the bulk of the harvest, while the soybean harvest remains below last year’s level so far.

Sunflower harvests totaled 7.44 million metric tons from 3.44 million hectares, or 66% of the projected area. Despite a 12.1% reduction in the harvested area, the gross harvest was 3.4% higher than last year’s thanks to an increase in yield to 21.6 centners per hectare, up from 18.4 centners per hectare.

Rapeseed production totaled 3.88 million metric tons from 1.33 million hectares. This is 17.1% more than last year. The average yield is 29.2 centners per hectare, compared to 26 centners per hectare.

Soybeans yielded 2.56 million metric tons from 1.17 million hectares, or 73% of the projected area. Compared to last year, the gross harvest is 16.9% lower, and the yield decreased to 21.9 centners per hectare, down from 22.9 centners per hectare.

Among late-season crops, the corn harvest has accelerated sharply. Over the past week, the gross harvest increased from 1.6 million to 3.49 million metric tons. A total of 589,400 hectares, or 13% of the projected area, has been threshed, with an average yield of 59.1 centners per hectare.

Although less corn had been harvested by mid-October than a year ago, its yield is already 7.8% higher than last year’s.

The sugar beet harvest is lagging behind. 1.58 million metric tons have been harvested from 31,600 hectares, or 19% of the projected area. A year earlier, by the same date, 4.72 million metric tons had been harvested from 90,000 hectares.

The buckwheat and millet harvests are nearing completion. Buckwheat has been threshed on 91% of the area, with 55,600 metric tons harvested. Millet has been harvested on 88% of the area, with a gross yield of 81,300 metric tons.

Source: Ministry of Agrarian Policy and Food of Ukraine, data as of October 13, 2026.

Ministry of Agrarian Policy

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“Gas Networks” connected 140 distributed gas-fired generation facilities in 2026

In 2026, Gas Distribution Networks of Ukraine LLC connected 140 distributed generation facilities, with plans to connect another 86 by the end of the year, according to Lyudmila Kinder, the company’s chairwoman.

“Distributed gas generation is currently one of the areas where demand for grid connection is growing particularly rapidly. This year, 140 such facilities have already been completed, and another 86 are scheduled for completion. Each project involves an assessment of the grid’s capacity, design, construction, connection, and gas commissioning,” she wrote on Facebook on Tuesday.

Kinder also noted that connecting businesses to the grid should be a “straightforward process,” which is what “Gazmereti” is currently working on.

“If a company has several facilities in different regions, it should not have to coordinate separately with each branch every time. We need to see the entire project portfolio and agree in advance on technical requirements, the workflow, and the order of implementation,” Kinder said, outlining her vision for building effective cooperation with businesses.

As previously reported, according to First Deputy Prime Minister for Energy Denys Shmyhal, Ukraine already has 1.8 GW of distributed gas-fired generation in operation.

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12th KIEF Will Take Place in Kyiv on October 26

On October 26, Kyiv will host the 12th Kyiv International Economic Forum (KIEF). More than 500 participants are expected—owners and executives of Ukrainian and international companies, government officials, investors, diplomats, and experts. The main theme of this year’s forum is “People. Business. Economy. What’s Next?”. Discussions will focus on how business and the economy can weather the new conditions, adapt, and return to growth.

In the fifth year of full-scale war, pressure on the Ukrainian economy is intensifying. Manufacturing, the energy sector, ports, railways, logistics centers, and other business-critical infrastructure are under attack. According to estimates by the Ministry of Economy, direct losses from destruction could reach about $10 billion annually, and combined with the blockade of seaports, they have already cost Ukraine about 1.5 percentage points of GDP in 2026. According to the World Bank’s October forecast, Ukraine’s economic growth will slow to 1.2% in 2026 and reach 1.5% in 2027 if active hostilities continue. In previous forecasts for 2027, the bank projected 4% growth, assuming hostilities would end by the end of 2026.

“While the discussion used to center on Ukraine’s recovery, the focus has now shifted to ensuring the economy’s resilience right now. Businesses need solutions that will help them protect their assets, maintain production, and continue investing even amid the war,” notes Vasyl Khmelnytskyi, initiator of the Kyiv International Economic Forum (KIEF) and founder of the UFuture holding company.

Participant Registration

The KIEF 2026 program features 12 panel discussions. The discussions will center on the physical protection of businesses, operations during air raid alerts, decentralized logistics and energy supply, communication resilience, insurance against war risks, compensation for lost assets, access to financing, and maintaining macroeconomic stability. Other key topics include adapting the state’s industrial development strategy and energy policy to new conditions, the state’s economic priorities, international cooperation, and European integration in the face of new challenges. Special attention will be given to the experiences of frontline cities and the solutions already in place there.

Speakers at the forum include:

  • Oleksandr Komarov, CEO and President of the Kyivstar Group;
  • Ruslan Shostak, President of TERWIN Corporation, founder of EVA and VARUS;
  • Francis Malige, Managing Director of the EBRD’s Financial Institutions Sector;
  • Yulia Svyrydenko, President of the KSE Business School;
  • Vyacheslav Klimov, Co-owner of the NOVA Group of Companies;
  • Dominikas Tuchkus, Investment Director at Amber Infrastructure Fund;
  • Igor Nikonov, Founder of the real estate development company KAN Development;
  • Tomas Fiala, Founder of Dragon Capital;
  • Inga Andreeva, General Manager of Mastercard in Ukraine and Moldova;
  • David Godfrey, Board Member of British-Ukrainian Economic Future, former CEO of UK Export Finance.

The Ukrainian economy already has experience adapting quickly during a crisis. In 2022, following the destruction of the Kremenchuk Oil Refinery and a fuel shortage, the country restructured its fuel logistics, and thousands of businesses relocated from frontline regions to the interior of the country. Following the blockade of traditional maritime routes in 2023, the Ukrainian maritime corridor became operational, and after last year’s large-scale attacks on the power grid, businesses and the government began actively developing distributed generation.

Media Accreditation

“Today, any discussion about the future must begin with finding practical solutions that businesses, the government, and international partners can adopt right now to maintain stability and return the economy to growth. That is exactly what this year’s KIEF is all about,” says KIEF CEO Yuriy Pivovarov.

Title partners of the forum: UFuture, Mastercard, AEQUO, PrivatBank, Kyivstar

Forum partners: Sense Bank, NEQSOL Holding, PUMB, DTEK, Ajax Systems, Uklon, TERWIN, Eclectic Talents Group, BALEX, CEO Club Ukraine.

Interfax-Ukraine and Open4Business are the forum’s media partners.

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Iron ore exports from Ukraine fell by nearly 30% over first nine months

In January–September of this year, Ukraine’s mining companies reduced exports of iron ore raw materials (IORM) by 29.8% in volume terms compared to the same period last year—down to 16,948,958 metric tons from 24,145,038 metric tons.

According to statistics released by the State Customs Service (SCS), 1,174,008 thousand metric tons of iron ore were exported in September, 1,865,697 thousand metric tons in August, 1,875,428 thousand metric tons in July, in June—2,021,299 metric tons; in May—2,239,167 metric tons of raw materials; in April—2,163,837 metric tons; in March—2,300,467 metric tons; in February – 1,254,516 thousand metric tons, in January – 2,054,539 thousand metric tons.

Over the first nine months of 2026, foreign exchange earnings from mineral ore exports decreased by 29% to $1,286,304 million.
In addition, Ukraine imported 246 metric tons of raw materials worth $74,000 in January–September 2026, whereas in January–September 2025, it imported 107,000 metric tons worth $80,000.

As previously reported, Ukraine’s mining companies reduced ore exports in physical terms by 8% in 2025 compared to the previous year—to 30,995,363 metric tons from 33,699,722 metric tons, and foreign exchange earnings decreased by 16.6%—to $2 billion 337.765 million from $2 billion 803.223 million. Exports were primarily shipped to China (44.98% of shipments in monetary terms), Slovakia (17.15%), and Poland (16.09%).

In addition, in 2025, Ukraine imported $95,000 worth of raw materials totaling 130 metric tons from the Netherlands (46.32%), Italy (36.84%), and Norway (13.68%), whereas in the previous year it imported 2,042 metric tons worth $414,000

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Italian Med-Or Foundation and Diplomatic Academy of Ukraine have signed cooperation agreement

The Italian Med-Or Foundation and the Hennadiy Udovenko Diplomatic Academy of Ukraine under the Ministry of Foreign Affairs of Ukraine have signed a memorandum of understanding aimed at developing cooperation in the field of diplomatic training and international dialogue.

According to reports, the document was signed on October 13 at Med-Or’s headquarters in Rome by the foundation’s president, Marco Minniti, and the director of the Diplomatic Academy of Ukraine, Ihor Ostash.

The agreement provides a foundation for joint initiatives in the field of diplomatic education, as well as expanded opportunities for cooperation between Italy and Ukraine. In particular, the agreement envisages the involvement of Italian and international instructors and experts in the Ukrainian academy’s educational programs.

The Med-Or Foundation already has experience in developing international partnerships in the field of personnel training in Africa and the Middle East.

The signing ceremony was also attended by Alfredo Mantovano, State Secretary to the President of the Council of Ministers of Italy and Security Commissioner of the Republic, and Ihor Brusylo, Ukraine’s Ambassador to Italy.

Med-Or noted that the agreement is part of the foundation’s broader program of activities aimed at developing international cooperation amid a complex international situation.

The signing of the memorandum lays the groundwork for further deepening Ukrainian-Italian ties in the areas of diplomatic education, the exchange of expert knowledge, and the training of specialists in international relations.

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Ukraine maintains trade surplus of over $500 million in wires and cables, but imports are growing faster than exports

The Ukrainian insulated wire and cable manufacturing sector continues to be one of the industrial segments with a significant trade surplus.
In January–September 2026, Ukraine exported these products worth $1.065 billion, while imports totaled $540.7 million. Thus, the trade surplus reached approximately $524.3 million.
Exports exceeded imports by nearly two to one, which stands in stark contrast to the overall structure of Ukraine’s foreign trade, where imports of goods have significantly exceeded exports in recent years.
However, the trend indicates a gradual narrowing of this surplus.
Exports of wires and cables over the nine-month period remained virtually unchanged compared to last year, while imports rose by 22.7%. According to estimates, imports in January–September 2025 totaled about $441 million, and the trade surplus was approximately $624 million.
Thus, over the year, the trade surplus in wires and cables decreased by approximately $100 million, or 16%.
The European Union remains Ukraine’s main export market. Germany, Poland, and Hungary alone purchased nearly $698 million worth of Ukrainian products, accounting for about two-thirds of total exports.
At the same time, the structure of imports is becoming more Asian-oriented. China increased its shipments by approximately 70%—to $157 million—and took first place among suppliers, ahead of Hungary and Poland.
As a result, a dual trend is emerging: Ukraine continues to be a major supplier of cable products to European industry, but at the same time is rapidly increasing its purchases of certain types of wires, cables, and electrical components from abroad.
By the end of 2025, exports of cable products totaled $1.41 billion, while imports amounted to $590.7 million, meaning the annual surplus exceeded $819 million.
The sustained significant trade surplus makes the production of wires and cables one of the most interesting examples of the Ukrainian manufacturing industry, which is deeply integrated into European production chains. That said, future trends will depend on the state of the European automotive industry, energy infrastructure development, and the ability of Ukrainian companies to maintain production amid the war.
Source: State Customs Service of Ukraine, foreign trade statistics for January–September 2026.
State Customs Service Statistics

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