Business news from Ukraine

Business news from Ukraine

Verkhovna Rada of Ukraine has approved bill to improve operation of industrial parks

The Verkhovna Rada of Ukraine has approved, in its entirety, a bill to improve the operation of industrial parks (IPs). According to a correspondent for the “Interfax-Ukraine” news agency, 270 deputies voted in favor of the bill, exceeding the required minimum of 226 votes.

“Based on the results of ongoing monitoring of the development of industrial parks, we identified issues, the solutions to which have now been approved by the Rada. Essentially, these are technical issues that arose during the practical implementation of the legislation adopted in 2022. But resolving each of them will contribute to the faster development of this sector and the emergence of new manufacturing facilities,” wrote the bill’s sponsor, Dmytro Kysilevskyi, deputy chairman of the parliamentary committee on economic development.

He noted that the bill, in particular, more clearly delineates the functions of all entities within an industrial park, and grants the initiator of a park’s creation the ability to also act as the managing company without establishing a separate legal entity.

In addition, the concept of an “eco-industrial park” has been introduced, the Cabinet of Ministers has been granted the authority to establish criteria for them, and a new category of land use designation has been introduced: land for industrial parks.

The procedure for increasing and decreasing the area of an industrial park has also been regulated, as have issues regarding the transfer of ownership rights to a land plot within an industrial park from the park’s initiator to another party; opportunities for establishing industrial parks have been expanded: land plots may now be considered adjacent if there are forest buffer strips between them.

Among the issues addressed are improvements to the competitive selection process for management companies and the introduction of the possibility for management companies whose primary activity is the leasing of real estate to obtain loans under the “5-7-9” program.

Temporary restrictions on the acquisition of power capacity for small electricity distribution systems in industrial parks have also been lifted, and provisions regarding state incentives for industrial parks have been improved, in particular through the transfer of international technical assistance from local government bodies to industrial parks.

As of the end of 2025, 37 factories had been built or were under construction in Ukraine’s industrial parks. Throughout 2026, manufacturing enterprises in the parks continued to open.

As previously reported, Bill No. 12117 was adopted in principle on February 11, 2025, with amendments to its provisions, by a vote of 244 members of parliament.

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“Person of the Year” will honor military personnel, medical professionals, entrepreneurs, and diplomats

The nationwide “Person of the Year” program is holding its 30th anniversary season, dedicated to Ukrainians whose professional and public achievements became a notable part of the country’s life in 2025.

Among the season’s laureates will be servicemen and servicewomen of the Defense Forces of Ukraine, doctors, rescuers, energy workers, agricultural workers, volunteers, entrepreneurs, diplomats, scientists, cultural figures and representatives of other fields.

As part of the anniversary season, it is also planned to honor representatives of international diplomacy and present special awards for individual achievements.

The “Person of the Year” program has existed for three decades and honors representatives of various professions and fields of activity for their contribution to the development of Ukraine and society.

The organizers note that after the beginning of the full-scale war, a special place among the laureates is occupied by people whose activities are directly connected with the defense of the country, support for the population, the functioning of critical infrastructure, the economy and Ukraine’s international representation.

“Person of the Year – 2025 is, above all, gratitude to the people who bring victory closer, strengthen the state and shape its future,” the organizers note.

Over 30 years of its existence, the program has formed a significant list of laureates from public administration, business, science, medicine, culture, sports and other fields. The anniversary season continues the tradition of public recognition of people whose work results are important for the country.

Information about the 30th season of the program was published on August 31, 2026.

Open4Business is the official partner of the nationwide “Person of the Year” program.

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Dairy Products in Ukraine May Rise in Price by 20–25% — Association of Milk Producers

Dairy products in Ukraine may become 20–25% more expensive due to rising production, processing, and logistics costs, as well as losses incurred by retail chains after losing distribution centers as a result of Russian strikes, according to a forecast by the Association of Milk Producers (AMP).

“Disruptions in supply chains and rising costs of production, processing, and logistics are creating the conditions for higher prices for dairy products in Ukraine,” the statement notes.

According to the association, as of the end of August, the average price of pasteurized milk with a fat content of up to 2.6% in a plastic film package was 50.55 UAH/kg, which is 3.7% higher than a month earlier and 11.2% higher than last year. The price of pasteurized milk in plastic bottles rose by 2.1% over the month, to 68.44 UAH/kg.

The average price of Ukrainian-produced butter with a fat content of 72.5–73% was 591.45 UAH/kg, down 0.1% over the month but still 2% higher than last year. At the same time, the APM does not expect butter prices to fall in early fall: there are fewer low-price offers on the domestic market, and the lower limit of the price range has effectively stabilized.

According to the APM’s assessment, demand for dairy products is weak and is even deteriorating due to low consumer purchasing power, consumers being forced to leave the country, and disrupted supply chains from processing plants to supermarkets as a result of Russian strikes on distribution centers.

“Traditionally, dairy processing plants supplied finished products to a retail chain’s distribution center, and from there, they were delivered by truck to supermarkets. Currently, this chain has been severed,” notes the APM.

According to the association’s forecast, retail chains will attempt to pass on the losses incurred due to the loss of distribution centers to consumers. In the APM’s view, this could lead to a decline in dairy consumption.

As previously reported, in early August, the APM predicted a 5–10% increase in dairy product prices by the end of summer and during the fall and winter. At that time, the association attributed the potential price hike to rising costs for diesel fuel, electricity, packaging materials, and logistics, as well as to exchange rate fluctuations.

Source: https://avm-ua.org/uk/post/cini-na-molocni-produkti-divlatsa-vgoru

 

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Ukraine’s Ten Largest Microfinance Organizations Reported 12.8 Bln Hryvnia in Revenue Over Six Months

Ukraine’s ten largest microfinance organizations reported combined revenue of 12.78 billion hryvnia and earned 1.16 billion hryvnia in net profit for the first half of 2026.

These figures were released by OpenDataBot on September 1.

Ukr Credit Finance, which operates under the CreditKasa brand, generated the highest revenue among MFOs—1.99 billion UAH. It accounted for approximately 16% of the total revenue of the top ten.

Second place in terms of revenue went to FC “Ye Hroshi” with 1.85 billion UAH, and third place went to “Spozhyvchiy Tsentr,” operating under the “ShvidkoHroshi” brand, with 1.52 billion UAH.

Next came “Aventus Ukraine” (CreditPlus) with revenue of 1.42 billion UAH, Miloan with 1.17 billion UAH, MyCredit with 1.08 billion UAH, “Bizpozika” with 1.07 billion UAH, Credit7 with 1.05 billion UAH, Moneyveo with 0.85 billion UAH, and Selfie Credit with 0.78 billion UAH.

In terms of profit, “Spotzhyvchyi Tsentr” took the lead with 361.3 million UAH. This represents about one-third of the combined profit of the ten largest MFIs. “Aventus Ukraine” came in second with 233.4 million UAH, and “Ukr Credit Finance” came in third with 172.6 million UAH.

The sector’s financial indicators are growing rapidly amid rising household debt. As of July 1, 2026, Ukrainians owed MFIs 32.32 billion UAH, which is 17% more than at the beginning of the year.

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Sales of new passenger cars in Ukraine fell by 27% in August

Sales of new passenger cars in August of this year fell by 27% compared to the same month in 2025—to nearly 5,000 units, which is also 14% less than the figure for July of this year, Ukravtoprom reported on its Telegram channel.

According to the association, the most popular brand remains Japan’s Toyota, which increased sales by 9% compared to August of last year—to 1,092 units.

Skoda holds second place with 600 units (+47%), while Renault took third with 361 units (-32%).

The top ten also included BYD—229 units (-69%), which ranked second last year amid rising demand for electric vehicles; Hyundai—261 units (-34%); Volkswagen—260 units (-51%); Mazda—187 units (+7%); BMW—186 units (-45%); Suzuki—156 units (-32%); and Mitsubishi—122 units (-2%).
The best-selling vehicle of the month was the Toyota RAV-4 crossover (in August 2025, it was the Renault Duster).

According to “Ukravtoprom,” a total of over 43,700 new passenger cars were sold in the country from January through August, which is 5% less than last year.
As previously reported, according to “Ukravtoprom,” the new passenger car market grew by 17% in 2025 compared to 2024, reaching 81,300 units.

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Ukrainians’ debt to MFIs has risen by 17% since beginning of year

According to Experts.news, the average microloan amount in Ukraine rose to 9,170 UAH in the second quarter of 2026, which is nearly 1.5 times higher than the figure for the same period last year, according to an analysis by the Experts Club think tank based on data from OpenDataBot.

In the second quarter of 2025, the average size of such a loan was approximately 6,290 UAH. Thus, over the course of a year, the average microloan amount increased by about 2,900 UAH, or 46%.

At the same time, Ukrainians did not turn to microfinance organizations significantly more often. On average, about 700,000 microloans are issued per month, and the total number of contracts for January–June 2026 amounted to 4.196 million.

The total amount of microloans issued in the first half of the year reached 37.5 billion UAH.

At the same time, the population’s accumulated debt to MFOs is growing. As of July 1, it stood at 32.32 billion UAH—4.7 billion UAH, or 17%, more than at the beginning of the year.

Original source: OpenDataBot—MFO market research for the first half of 2026

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