Business news from Ukraine

Business news from Ukraine

Germany’s GDP rose by only 0.2% in second quarter

Germany’s GDP rose by 0.2% in the second quarter compared to the previous three months, according to the Federal Statistical Office, which released preliminary data. The consensus forecast by experts, as cited by Trading Economics, had predicted growth of 0.1%.

Germany’s year-over-year economic growth was 0.9%, while experts had expected growth of 0.6%.

In the first quarter, Germany’s GDP increased by 0.4% compared to the previous three months and by 0.7% on an annual basis. The data for January–March were revised upward; previously, growth of 0.3% and 0.4%, respectively, had been reported.

According to preliminary data, exports in April–June rose compared to the first quarter, while consumer and government spending remained weak, and business investment declined.

Final data on Germany’s second-quarter GDP growth will be released on August 25.

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Germany Became Largest Supplier of Beer to China in First Half of Year

The largest suppliers of beer to China in the first half of 2026 were Germany ($53.2 million), the Netherlands ($45.8 million), and Spain ($41.5 million), according to data from the General Administration of Customs (GAC) of the People’s Republic of China.

From January through June, China imported beer from 54 countries, while exporting its own beer to more than 100 countries worldwide.

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Tractor Imports to Ukraine Rose by 3.2% in First Half of Year

The volume of tractor imports to Ukraine in January–June 2026 totaled $434.7 million, up 3.2% from the same period in 2025 ($421 million), according to statistics from the State Customs Service.

According to the published statistics, tractor imports in June rose by 14.4% compared to June of last year and by 11% compared to May of this year, reaching $72.7 million.

From January through June 2026, tractors were imported primarily from Germany (19.4%, or $84.3 million), China (19.16%, or $83.3 million), and the United States (nearly 18.4%, or $79.9 million), whereas last year the United States was the leader ($79.71 million), China was second ($73.8 million), and Germany ranked third ($73.1 million).

According to statistics from the State Customs Service, tractor exports totaled $4.93 million in the first half of the year, mostly to Belgium (25.3%), while last year’s exports amounted to $2.93 million, with the majority of shipments going to Romania (38%).

As previously reported, tractor imports into Ukraine in 2025 totaled $845.7 million, a 7.9% increase over the 2024 figure; the main suppliers were the United States ($179.7 million), Germany ($145 million), and China ($142.8 million).

Exports totaled $6.6 million, compared to $5.4 million in 2024, with the majority going to Romania, Belgium, and Germany.

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Passenger car imports to Ukraine fell by 14.6% in first half of year

The volume of passenger car imports to Ukraine, including cargo-passenger vans and race cars (UKT ZED code 8703), amounted to $2.18 billion in January–June 2026, which is 14.6% less than the figure for the first half of 2025 ($2.554 billion).

According to statistics released by the State Customs Service of Ukraine, imports of passenger cars in June, in particular, fell by 6.8% compared to June of last year, but rose by 16.9% compared to May 2026—to $468.12 million.
The top three suppliers of passenger cars to Ukraine for January–June have consistently been the United States, Germany, and Japan, while in the previous year these were the same countries, but Germany was the largest exporter, followed by the United States and Japan.

Specifically, car imports from the United States declined slightly to $417.9 million, while those from Germany fell by 26.7% to $347.6 million; imports from Japan, however, rose by 3.4% to $302.5 million.
Imports of passenger cars from other countries during this period totaled $1.11 billion—18.7% less than last year’s figure.

At the same time, over the six-month period, Ukraine exported only $1.38 million worth of such vehicles, whereas last year, total exports to the UAE, Poland, and the Czech Republic amounted to $3.49 million.
Passenger cars accounted for 4.43% of total goods imports into Ukraine in the first half of the year, compared to 6.67% during the same period last year; their share of total exports was 0.01% and 0.02%, respectively.

As previously reported, in 2025, passenger cars worth nearly $6.15 billion were imported into Ukraine, which is 40.2% more than in 2024. The top three exporters were the United States, Germany, and China. Car exports totaled $10.1 million (2.7 times less).

The significant increase in passenger car imports to Ukraine in the final months of 2025 was driven by news that VAT exemptions on electric vehicle imports would be abolished as of January 1, 2026, whereas imports had declined significantly since the beginning of the current year. However, starting in March, a slow but steady recovery of the passenger car market—including electric vehicles—began.

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State Emergency Service (SES) Received 10 Sets of Rescue Equipment from Germany

The State Emergency Service (SES) received 10 sets of equipment for emergency rescue operations from Germany, the SES reported on Tuesday.

“The equipment allows SES specialists to more quickly free people from under rubble and cut through metal structures and vehicles. This equipment will significantly enhance the capabilities of our units and help save many more lives,” said Volodymyr Demchuk, Deputy Head of the SES of Ukraine.
The equipment was purchased by the German government through the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).

“This is an example of effective cooperation and a testament to the genuine partnership and friendship between Germany and Ukraine,” emphasized Katrin Buchholz, Chargé d’Affaires ad interim of Germany.
The equipment was provided as part of the project “Support for State and Municipal Emergency Management in Ukraine,” which is being implemented on behalf of the German Federal Ministry for Economic Cooperation and Development and is part of the transition-period development assistance program.

This is not the first time the State Emergency Service has received assistance under this project, through which Ukrainian rescuers have been provided with modern technology and specialized equipment and have undergone training.

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Residential real estate prices in Germany rose by average of 1.4% in first quarter

According to Relocation, residential real estate prices in Germany rose by an average of 1.4% in the first quarter compared to the same period in 2025, according to a report by the Federal Statistical Office.

Apartment prices in the country’s seven largest cities (Berlin, Hamburg, Munich, Cologne, Frankfurt am Main, Stuttgart, and Düsseldorf) rose by 0.3%, while in other major cities they rose by 2.9%. In densely populated rural areas, prices fell by 0.4%, while in sparsely populated areas, they rose by 3.6%.

Single- and two-family homes in metropolitan areas became 1.4% more expensive, and in other major cities, they rose by 1.2%. In sparsely populated rural areas, buyers paid, on average, 0.8% less than a year ago.

Residential real estate prices overall rose by 0.3% in January–March compared to the previous three months.

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