Business news from Ukraine

Business news from Ukraine

Import VAT Accounted for Three-Quarters of Ukraine’s Customs Revenues — Experts Club

The State Customs Service of Ukraine transferred UAH 420.1 billion in customs payments to the state budget in the first half of 2026, which is 31.9% more than in the same period last year, the Experts Club information and analytical center reports.

In January–June 2025, revenues amounted to UAH 318.5 billion. Thus, over the year, the budget received an additional approximately UAH 101.6 billion. The official data were published by the State Customs Service on July 13, 2026.

The Experts Club Analytical Center compared the State Customs Service’s data with the Ministry of Finance’s operational report on the execution of the state budget for January–June 2026.

Ranking of Customs Revenues by Main Categories

  1. VAT on Imported Goods — UAH 318.2 Billion

Value-added tax on goods imported into the customs territory of Ukraine remains the main source of customs revenues.

It accounted for approximately 75.7% of all payments transferred by the State Customs Service in the first half of the year. In other words, approximately three out of every four hryvnias of customs revenues were generated by import VAT.

The high share of VAT is explained by the fact that the tax is charged on virtually all taxable imports, including equipment, raw materials, fuel, cars, consumer goods and products intended for industrial use.

  1. Excise Duty on Imported Goods and Other Payments — Approximately UAH 70.9 Billion

After deducting import VAT and customs duties from the total amount, approximately UAH 70.9 billion, or 16.9% of revenues, remains.

The main part of this amount should consist of excise duty on imported excisable goods, primarily petroleum products, cars, alcoholic beverages and tobacco products.

However, in its operational report, the Ministry of Finance indicated only the total excise tax revenues from domestically produced and imported goods — UAH 152.4 billion. The separate amount of import excise duty was not disclosed in the report. Therefore, the figure of UAH 70.9 billion is an estimate and may also include small amounts of other payments administered by customs authorities.

  1. Import and Export Duties — UAH 31 Billion

Revenues from import and export duties in the first half of the year amounted to UAH 31 billion, or approximately 7.4% of the total volume of customs payments.

The share of customs duties is significantly lower than that of import VAT because zero or reduced rates apply to many goods under Ukraine’s free trade agreements. In addition, certain categories of equipment, energy products and defense-related goods benefit from tax and customs exemptions.

Structure of Ukraine’s Customs Revenues

Thus, the approximate structure of the UAH 420.1 billion is as follows:

VAT on imported goods — UAH 318.2 billion, or 75.7%.

Import excise duty and other payments — approximately UAH 70.9 billion, or 16.9%.

Import and export duties — UAH 31 billion, or 7.4%.

The Experts Club calculation shows that Ukrainian customs primarily performs the function of administering import VAT. Customs duties themselves account for less than one-tenth of the total volume of revenues.

Cars Accounted for More Than 7% of All Payments

Imports of passenger cars brought UAH 32.1 billion to the state budget in the first half of the year. This corresponds to approximately 7.6% of all revenues transferred by the State Customs Service.

At the same time, petrol-powered cars alone generated UAH 14.6 billion, or approximately 3.5% of all Ukraine’s customs revenues for the six-month period.

Thus, payments from passenger car imports exceeded the total revenues from import and export duties across all product categories.

Large Importers Accounted for 85% of Revenues

In the first half of the year, customs payments were made by 28,300 foreign economic activity participants. Their number increased by 2.5% compared with January–June 2025.

At the same time, only 2,350 companies, or approximately 8% of all payers, accounted for 85% of revenues. Their combined contribution can be estimated at approximately UAH 357 billion.

Another 10,600 enterprises, each of which transferred between UAH 1 million and UAH 20 million, generated UAH 53.5 billion.

Approximately 15,300 representatives of small and medium-sized businesses paid up to UAH 1 million each. Their combined contribution amounted to almost UAH 4.8 billion.

This indicates a high concentration of customs revenues: the majority of revenues depend on a relatively small group of large importers of fuel, cars, machinery, raw materials, pharmaceuticals and consumer products.

Customs Accounted for More Than One-Fifth of General Fund Revenues

In January–June 2026, UAH 1.898 trillion was received by the general fund of Ukraine’s state budget. Customs payments amounting to UAH 420.1 billion were equivalent to approximately 22.1% of this amount.

Including the general and special funds, state budget revenues for the first half of the year amounted to UAH 2.52 trillion.

The 31.9% growth in customs revenues significantly outpaced the increase in the number of payers, which amounted to only 2.5%. This indicates that the main growth factors were an increase in the value of taxable imports, changes in the exchange rate, an increased tax burden on certain categories and higher payments from the largest companies.

The most comprehensive official source of detailed information by budget classification codes is the state Open Budget portal. The State Customs Service publishes the total volume of payments and the structure of payers, while the Ministry of Finance publishes the main tax categories. At the time this material was prepared, a separate comprehensive table from the State Customs Service showing the distribution of the UAH 420.1 billion across all types of payments in a single document had not been published.

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Ukraine Has Harvested 10.65 Mln Metric Tons of Grain from New Crop

As of July 28, Ukrainian farmers had threshed 2.6 million hectares—or 22% of the projected area—and harvested 10.65 million metric tons of grain from the new crop, according to the press service of the Ministry of Agrarian Policy and Food.

Wheat was harvested from 1,531.7 thousand hectares (30% of the area), yielding 6.61 million metric tons with an average yield of 43.2 centners per hectare.

Barley was harvested from 790,000 hectares (53%), yielding 3.49 million metric tons at a yield of 44.2 centners per hectare. Peas were harvested from 279,500 hectares (94.6%), yielding 549,500 metric tons at a yield of 19.7 centners per hectare.

The Odesa region currently leads in terms of the volume of early grain and legume crops harvested, with 2,425.7 thousand metric tons harvested from an area of 586.7 thousand hectares (wheat—1,252.1 thousand metric tons, barley—988.9 thousand metric tons, peas—184.7 thousand metric tons).

In the Mykolaiv region, 1,797.8 thousand metric tons have been harvested from an area of 514.1 thousand hectares (wheat – 1,152.0 thousand metric tons, barley – 539.0 thousand metric tons, peas – 106.8 thousand metric tons). In the Dnipropetrovsk region—1,493.0 thousand metric tons from an area of 376.4 thousand hectares (wheat—1,087.2 thousand metric tons, barley—379.0 thousand metric tons, peas—26.8 thousand metric tons).

Winter rapeseed has already been harvested from 539,600 hectares (41% of the total area), yielding 1.31 million metric tons.

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Serbia’s Stagnation on Path to EU Could Complicate Ukraine’s Negotiations — Euronews

According to the “Serbian Economist,” Serbia’s lack of progress in its EU accession negotiations could create additional challenges for Ukraine and Moldova, as some EU countries are insisting on maintaining a geographical balance between candidates from Eastern Europe and the Western Balkans.

Euronews reports this, citing EU diplomats.

Ukraine has opened two of the six negotiation clusters in recent weeks, but further acceleration of the process may face demands to simultaneously advance Serbia’s application.

“Progress in one direction creates pressure to move forward in the other as well,” one European diplomat told Euronews.

In early July, the European Commission once again recommended opening Cluster 3—dedicated to competitiveness and inclusive growth—for Serbia. Negotiations regarding Serbia have effectively remained stalled since December 2021.

However, eight EU member states opposed opening the chapter: the Netherlands, Sweden, Finland, Belgium, Estonia, Lithuania, Bulgaria, and Croatia. Denmark, Luxembourg, and Latvia are also not yet ready to support this decision. The consent of all 27 EU member states is required to open a negotiation chapter.

Opponents of Serbia’s advancement point to Belgrade’s insufficient progress in the areas of the rule of law, judicial independence, and democratic standards. Another reason is Serbia’s refusal to join the EU’s sanctions against Russia.

The European Commission, on the other hand, believes that Belgrade has implemented some of the recommendations, repealed controversial changes to judicial legislation, improved cooperation with the EU on foreign policy, and strengthened ties with Ukraine. At the same time, Brussels acknowledges that Serbia needs to continue reforming its judicial and prosecutorial systems.

France, Spain, and a group of countries calling themselves the “Friends of the Western Balkans” advocate for preserving Serbia’s membership prospects. They fear that Ukraine’s rapid progress against the backdrop of Belgrade’s prolonged stagnation will be perceived as the application of double standards.

Euronews emphasizes that the negotiation processes for Ukraine and Serbia have not yet been formally merged. However, as Kyiv and Chisinau push to open the remaining clusters by the end of the year, demands for equal treatment of the candidate countries may intensify.

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Wholesale Trade and IT Saw Largest Increase in Number of Companies in Ukraine

Wholesale trade led the way in terms of net growth in the number of companies in Ukraine during the first half of 2026, according to Opendatabot. The number of legal entities in the wholesale trade sector increased by 2,304 thousand over the six-month period.

The information technology sector took second place, with a net increase of 1,254 thousand companies. In the real estate sector, the number of companies increased by 1,104 thousand.

The top five sectors with the largest growth also included non-profit organizations, which increased by 859, and building and grounds maintenance companies, which increased by 824.

At the same time, the number of legal entities decreased in a number of sectors. The largest decline was recorded in public administration and defense—a decrease of 289 companies.

In the education sector, the number of legal entities decreased by 282; in veterinary services, by 20; in water supply, by 14; and in the creative, arts, and entertainment sectors, by 11.

In total, 19,758 thousand new companies were registered in Ukraine from January through June 2026, while the number of business closures stood at 6,563 thousand. The net increase in businesses reached 13,195 thousand.

 

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Number of marriages in Ukraine rose by 15.9% in first half of year

The number of registered marriages in Ukraine in the first half of this year rose by 15.9% compared to the same period last year—to 79,520—driven by increases in Kyiv, Dnipropetrovsk, and Lviv regions, the Ministry of Justice reported on its website.

According to the ministry’s data, at the same time, the number of divorces decreased by 4.1%—to 12,180, including those granted by court order—which fell by 9.3% to 460.
In the Dnipropetrovsk region, the number of registered marriages in January–June of this year increased nearly 2.7-fold—to 15,550; in the Lviv region, it rose by 88.2%, to 8,910; and in Kyiv, it increased by 38.3%, to 19,930.

According to the Ministry of Justice, Kyiv and these two regions together accounted for 55.8% of all marriages, whereas in the first half of last year, they accounted for only 36.4%.
The largest decline in the number of registered marriages was recorded in the Donetsk region—a 2.4-fold decrease to 0.23 thousand.

In the Kherson region, the decline was 26.7%—to 0.16 thousand, which is the lowest figure among all regions.
In other regions, the number of registered marriages fell by between 24.6% (Chernihiv Oblast) and 12% (Ternopil Oblast).

As for divorces, Ternopil, Zakarpattia, and Chernihiv Oblasts saw an increase ranging from 16.6% to 11%, while the largest decrease in this figure—excluding the frontline regions of Kherson and Donetsk—occurred in Zhytomyr and Poltava regions, by 19.6% and 18.9%, respectively.
In the Donetsk and Kherson regions, the number of registered divorces fell by 43.4% and 60%—to 56 and 20, respectively—while in Kyiv, it rose by 1.2%—to 1,800.

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Apartment Prices in Ukraine Rose to $61,000 in Six Months

The median price of apartments in Ukraine rose by 3% between January and June 2026—to $61,000—with Uzhhorod nearly catching up to the capital in terms of housing prices, according to an OLX study.

According to the platform’s analytical center, the apartment market in Ukraine showed moderate growth in the first half of 2026. The number of listings increased by 4%, and the average number of responses per listing rose by 3%; the median price of apartments in dollars increased by 3% and stood at $61,090 as of June.
The most significant increase in the price of one-bedroom apartments on the secondary market was recorded in Vinnytsia (+11%), Khmelnytskyi (+9%), as well as Chernivtsi and Zaporizhzhia (both +7%). Price declines were observed in Kherson (-13%), Rivne (-4%), and Kyiv (-3%).

Kyiv has so far managed to retain first place in terms of real estate prices ($75,040 median price for a one-bedroom apartment), followed by Uzhhorod ($74,749) in second place and Lviv ($73,805) in third. The lowest prices were in Kherson ($13,235), Zaporizhzhia ($15,935), and Mykolaiv ($20,217).
In Ukraine’s largest cities, the trend in one-bedroom apartment prices varied by district. The most consistent price growth was observed in Odesa, where apartment prices rose by 2–4% across all districts. The most expensive apartments were in the Primorsky District ($65,449), while the most affordable were in the Peresypsky District ($32,388).

In Kharkiv, the largest increases were recorded in the Industrial (+15%, to $23,678), Slobidskyi (+13%, to $24,363), and Osnovyanskyi (+11%, to $34,403) districts.
In Lviv, most districts also saw an increase in housing prices, with the most significant increases occurring in the Zaliznychny (+12%, to $72,874) and Frankivskyi (+9%, to $75,320) districts.

At the same time, prices in Kyiv mostly remained stable or declined, with the sharpest drop in the Dniprovskyi district (-10%). Pecherskyi remains the most expensive ($163,134), while Desnianskyi is the most affordable ($44,859).
The trend in Dnipro was the most mixed: depending on the district, price changes ranged from +17% in the Soborny district ($43,926) to -22% in the Shevchenkivskyi district ($31,998).

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