Business news from Ukraine

Business news from Ukraine

Ukrainian companies’ tax debt has increased 2.5-fold since start of war—to 263 bln UAH

As of July 1, 2026, 218,700 Ukrainian companies had tax debt totaling 263.32 billion UAH, according to data from the State Tax Service analyzed by Opendatabot.

On average, each debtor company owes about 1.2 million UAH in tax debt.

Since the beginning of 2026, the number of companies with tax debts has increased by approximately 3%, while the total amount of debt has risen by 4%.

At the same time, tax debt grew much more sharply in 2025. Over the past year, the number of companies in debt increased by only 4%, but the total amount of debt rose by approximately 1.6 times—nearly 100 billion UAH.

Overall, since the start of the full-scale war, the aggregate tax debt of Ukrainian companies has increased by 2.5 times. Based on current figures, it stood at approximately 105 billion UAH at the start of the full-scale invasion, meaning it has increased by roughly 158 billion UAH during this period.

Information on individual companies with the largest tax debts is currently unavailable. Since the start of the full-scale war, the State Tax Service has restricted access to some open data and has been publishing mainly aggregated statistics.

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In August, amount of foreign currency purchased by Ukrainian households exceeded amount sold by $0.45

In August 2026, the volume of foreign currency purchases by Ukrainian households exceeded the volume of sales by $0.45 billion in dollar terms, compared to $0.5 billion in July of this year and $0.36 billion in August 2025.

According to data from the National Bank, in August, compared to July, cash currency purchases decreased by $68.8 million—to $1.9327 billion—while sales decreased by $17.0 million, to $1.4846 billion.

The volume of cash dollar purchases by the public in August increased by $28.9 million to $1,352.1 million, while sales decreased by $56.1 million to $1,034.6 million.

In the cash euro market in August, purchases by the public, in dollar terms, decreased by $108.1 million to $499.8 million, while sales increased by $26 million to $367.6 million.

As for bank customers’ non-cash foreign exchange transactions, both purchases and sales increased in August compared to July: purchases rose by $164.9 million to $11.1925 billion, and sales rose by $144.6 million to $7.6579 billion. At the same time, the volume of interbank transactions decreased by $409.9 million to $8,183 million.

On an annual basis, the volume of non-cash foreign currency purchases by bank customers increased by $2,904.0 million, sales by $998.2 million, and interbank transactions by $2,000 million.

In August, the official hryvnia-to-dollar exchange rate strengthened by nearly 14 kopecks compared to July—to 44.55 UAH/$1—while against the euro, the hryvnia weakened by nearly 61 kopecks—to 51.88 UAH/EUR1.

The National Bank’s net foreign exchange interventions in August rose to $4 billion 815.7 million, an increase of $24.7 million compared to July and $2 billion 119.8 million compared to August 2025.

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Ukrainian wheat exports nearly doubled in early September

Prices for food and feed wheat in Ukraine remained unchanged over the week—at $185 and $175 per metric ton, respectively, on a CPT Odessa basis, according to brokerage firm Spike Brokers in its weekly market review.

According to the broker, Ukraine exported approximately 612,700 metric tons of wheat in August. The top destinations were Spain (118,200 metric tons), Egypt (116,100 metric tons), and Algeria (78,100 metric tons). These three countries accounted for about 51% of August’s exports.

From September 1–3, Ukraine exported about 116,800 metric tons of wheat, or nearly 39,000 metric tons per day, compared to an average of about 20,000 metric tons per day in August. Destinations included Tunisia, Egypt, Indonesia, and Israel.

The price of corn also remained unchanged over the week: on a CPT Odessa basis, it stood at $185 per metric ton, and on an FCA Chop basis, at $225 per metric ton.

In August, Ukraine exported about 300,000 metric tons of corn. During the first three days of September, corn exports totaled about 69,200 metric tons. The main export destinations were Italy, Turkey, Germany, and the Netherlands.

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Grain shipments to Danube ports nearly tripled in August

Rail shipments of grain to Danube ports in August 2026 nearly tripled compared to July—reaching 248.8 thousand metric tons, while shipments to the ports of Greater Odesa fell by 94.9%—to 68.5 thousand metric tons, according to a weekly review by the brokerage firm Spike Brokers.

Overall, rail grain shipments to seaports, including domestic shipments to Izmail, totaled approximately 317,300 metric tons in August, compared to 1.440 million metric tons in July. According to the brokerage firm, there was a sharp shift in cargo flows from the Greater Odessa region to the Danube.
In August, 1.297 million metric tons of grain were transported by rail—34.7% less than in July and 53.9% less than in August 2025. The average daily load amounted to 39.2 thousand metric tons, which is 22.5% lower than in July and 55% lower than in August 2025.

Exports of grain and milled products totaled 672.2 thousand metric tons, down 58.5% month-over-month and approximately 74% year-over-year. A total of 113,000 metric tons of vegetable oil were transported—15.4% more than in July and 54.7% more than in August 2025. Transportation of oilcake and meal totaled 167.1 thousand metric tons, down 9.3% month-over-month and 7.4% year-over-year.

In August, 501.8 thousand metric tons were transported via land crossings, compared to 208.8 thousand metric tons in July—a 2.4-fold increase.
The average daily throughput of grain cars through the main western border crossings in August was 192.8 cars, compared to 71.3 cars in July. The highest average daily figure was on the Polish route—56.6 cars. Through Hungary, 49.4 cars were transported per day; through Romania, 45.5; and through Slovakia, 41.4 cars.

Unlike in July, the August flow was distributed much more evenly among the four corridors.
As of September 3, there were 8,221 railcars en route to border crossings, of which 1,346 were loaded with grain, compared to 9,273 and 1,414 railcars, respectively, at the end of August. During the first days of the month, the total backlog decreased by approximately 11%, while the grain backlog decreased by 5%.

In August, 325,000 metric tons of agricultural products were exported via road border crossings, compared to 289,200 metric tons in July—an increase of 12.4%. Compared to August 2025, the volume was 23.7% higher.

Nearly half of August’s road freight traffic was destined for Poland—150,100 metric tons, or 46.2%. Among the largest categories in August were poultry meat—30,200 metric tons, sunflower oil—24,800 metric tons, ethyl alcohol—23,100 metric tons, sugar—18,600 metric tons, fruits and nuts—16.9 thousand metric tons, and soybean meal—15 thousand metric tons.

During the first three days of September, 33 thousand metric tons were exported by road, or about 11 thousand metric tons per day, compared to an average of 10.5 thousand metric tons per day in August.

In August, Ukraine exported 2.146 million metric tons of agricultural products in UKT ZED groups 01–24, worth $1.280 billion. The grain segment accounted for 987,100 metric tons, or 46% of the total volume, in the final August statistics: 612,700 metric tons of wheat, 305,700 metric tons of corn, and 68,700 metric tons of barley were shipped. Rapeseed accounted for another 292,600 metric tons, or 13.6% of exports. The three main vegetable oils totaled 279,100 metric tons, while sunflower and soybean meal totaled 187,200 metric tons.

The largest physical volumes went to Germany—227.1 thousand metric tons, Turkey—203.8 thousand metric tons, Italy—188.1 thousand metric tons, Poland—179.3 thousand metric tons, and the Netherlands—171.7 thousand metric tons. Together, these five countries accounted for about 45% of August’s exports.
From September 1–3, Ukraine exported 331.4 thousand metric tons of agricultural products worth $167.7 million, or about 110.5 thousand metric tons per day.

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Zelenskyy Announced “Ukraine-Europe-U.S.” Meeting in Near Future

A meeting involving representatives from Ukraine, the U.S., and Europe is set to take place in the near future, Ukrainian President Volodymyr Zelenskyy said following a meeting with Steve Witkoff and Jared Kushner, representatives of U.S. President Donald Trump.

“We agreed that Ukraine, Europe, and the U.S. will meet in the near future. I don’t know where the meeting will take place. Perhaps in Ukraine again,” Zelenskyy said at a press conference in Kyiv.

The president noted that the American delegation’s visit worked for Kyiv “like a Patriot” and emphasized Ukraine’s need for it.

According to him, during the meeting, the parties discussed the challenges facing Ukraine on the eve of winter and a possible winter aid package.

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Exports of frozen raspberries from Ukraine reached 63,300 metric tons in 2025/26 season

According to Experts.news, Ukraine has a strong chance of taking first place in the world during the 2026/27 season—not only in terms of net exports but also in terms of the total volume of frozen raspberry exports—amid a sharp decline in harvests among its main competitors, Serbia and Poland, according to the August analytical report by the Ukrainian Berry Growers Association.

The association estimates that Serbia’s raspberry harvest in 2026 could total about 30,000 metric tons, compared to approximately 65,000 metric tons in a typical season—the lowest figure in about 30 years. Production was affected by spring frosts, plant diseases, heat, and extreme drought: Serbia received only about 7 mm of precipitation in August.

The situation has also worsened in Poland, where spring frosts damaged berry plantations. The reduction in supply immediately affected European prices: the cost of Serbian IQF raspberries reached about 7 euros/kg, which is approximately 51% higher than last year’s level.

This creates a favorable price window for Ukrainian suppliers. Ukraine is already the world leader in net exports of frozen raspberries—that is, export volume minus imports. During the 2025/26 season, from June 2025 to May 2026, the country exported 63,300 metric tons of frozen raspberries for a record $250.8 million. Export revenue rose by 65% year-over-year, and the average price was 3.96 euros per kilogram.

The new season also began with high prices. In June 2026, Ukraine exported approximately 2,150 metric tons of frozen raspberries at an average price of 4.14 euros per kilogram. The main export destinations were the Czech Republic, Poland, and Germany.

Over the past few years, Ukraine’s frozen raspberry sector has significantly strengthened its position in the European market. Based on 2024 results, EastFruit analysts estimated Ukraine’s exports at approximately 65,1 thousand metric tons, while Serbia exported about 67,7 thousand metric tons. However, Serbia simultaneously imported about 4,700 metric tons of berries for subsequent re-export, so its net exports amounted to about 63,000 metric tons. Ukraine, which imports virtually no raspberries, became the world leader in this category for the first time.

Poland also remains one of the largest hubs for the global trade in frozen raspberries; however, its role is largely tied to the processing and re-export of imported berries. According to EastFruit estimates, in 2024, more than half of the frozen raspberries exported by Poland consisted of imported raw materials, a significant portion of which came from Ukraine. Poland’s net exports were estimated at only about 16,000 metric tons.

At the same time, Ukraine is gradually reducing its dependence on Polish intermediaries. Between 2022 and 2024, Poland’s share of Ukrainian frozen raspberry exports fell from 63% to 35%, while the combined share of Germany, the Czech Republic, Austria, and France rose to 48%. During this period, direct shipments to Germany increased 4.5-fold, to the Czech Republic 4.2-fold, and to Austria 33-fold.

The key factor in Ukraine’s ability to maintain its leading position remains the quality of processing. A significant portion of the added value is generated not during the berry cultivation stage, but during sorting, individual quick freezing (IQF), packaging, and direct sales to European retail chains and industrial consumers. Therefore, further growth in processing capacity may be no less important than the expansion of the plantations themselves.

According to the latest available FAOSTAT data for 2024, Russia remained the world’s largest raspberry producer—at approximately 213,800 metric tons—followed by Mexico in second place with 175,500 metric tons and Serbia in third with 94,000 metric tons. Next were the United States with approximately 82,1 thousand metric tons and Poland with about 76,9 thousand metric tons. Ukraine produced about 33,6 thousand metric tons. These figures reflect domestic raspberry production specifically and do not correspond to export rankings, as part of the harvest is consumed domestically, and some countries actively import the berries for processing and re-export.

In the global trade of frozen raspberries, Ukraine, Serbia, and Poland remain the key players. Ukraine has led in net exports since 2024, while Serbia has maintained a slight lead in gross shipments. In the broader HS 081120 tariff category, which also includes frozen blackberries and some related berries, Chile is among the major exporters; therefore, customs rankings cannot be fully equated with the ranking for raspberries specifically.

If the forecast by the Ukrainian Berry Growers Association proves accurate, the 2026/27 season could be the first in which Ukraine simultaneously ranks first in the world in both net and gross exports of frozen raspberries.

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