Kyiv region became the largest among the regional new housing construction markets specified by the State Statistics Service in January-June 2026, with 599.3 thousand sq. m, while 437.9 thousand sq. m were declared in Kyiv.
According to the Experts Club information and analytical center, around 9.1 thousand apartments were declared at the construction commencement stage in Kyiv region. In annual terms, the area of new construction remained virtually unchanged, decreasing by only 0.3%.
In Kyiv, the area of declared new housing decreased by 10.7% — to 437.9 thousand sq. m.
At the same time, the statistics on the number of apartments in the capital look unusual: the State Statistics Service indicates around 1.4 thousand declared apartments despite the significant total area. This may be related to the structure of specific projects and the specifics of the published data.
Lviv region became the third major market, where 501.5 thousand sq. m of housing and around 7.2 thousand apartments were declared in the first half of the year.
In Ivano-Frankivsk region, the area of new construction amounted to 248.4 thousand sq. m, decreasing by 20.5% year on year. At the same time, around 5.8 thousand apartments were declared.
In Odesa region, the figure reached 328.7 thousand sq. m and around 1.1 thousand apartments, but the State Statistics Service does not disclose comparable figures for the previous year.
Thus, in terms of the volume of declared new construction, the largest markets continue to be concentrated around Kyiv and the western regions of the country.
The Kyiv region became the largest among the regional markets for new residential construction listed by the State Statistics Service in January–June 2026, with a figure of 599,300 square meters, while 437,900 square meters were reported in Kyiv, according to Experts.news.
In the Kyiv region, approximately 9,100 apartments were registered at the start of construction. On an annual basis, the area of new construction remained virtually unchanged, decreasing by only 0.3%.
In Kyiv, the area of registered new housing decreased by 10.7%—to 437,900 square meters.
At the same time, the statistics on the number of apartments in the capital appear unusual: the State Statistics Service reports approximately 1,400 registered apartments despite a significant total area. This may be related to the structure of specific projects and the characteristics of the published data.
The Lviv region became the third-largest market, where 501,500 square meters of housing and approximately 7,200 apartments were announced in the first half of the year.
In the Ivano-Frankivsk region, the area of new construction totaled 248,400 square meters, down 20.5% year-over-year. At the same time, approximately 5,800 apartments were registered.
In the Odesa region, the figure reached 328.7 thousand square meters and approximately 1,100 apartments; however, the State Statistics Service has not disclosed comparable figures for the previous year.
Thus, in terms of the volume of announced new construction, the largest markets continue to be concentrated around Kyiv and the western regions of the country.
Construction work at the Greenville Prostir residential complex (Lviv Oblast, Lysynychi village, 2 Osvitna St.) has resumed following the resolution of a legal dispute regarding the terms of use of the land plot.
According to the developer’s press office, the dispute centered on the amount of rent for the land plot in Lysynychi. As part of the settlement, the Greenville Group and the Lviv City Council agreed on a new rent amount and a mechanism for compensating the community budget for the difference arising from the previous period of land use.
“As the project’s developer, we took responsibility for finding a solution. It was important for us not to prolong the legal dispute but to find a model that takes into account the interests of the city, the community, and our investors. Today, this issue has been resolved, and we are resuming work on Greenville Prostir,” said project manager Oleg Kozub.
On August 11, the Lviv Regional Commercial Court approved the agreement reached by the parties and closed the case. With the court restrictions lifted, the company was able to resume construction work on the site.
The company’s next step is to restore construction work to full speed and present investors with an updated project timeline.
According to the LUN new-construction portal, the Greenville group of companies, founded in 2007, is carrying out projects in Lviv and Kyiv; since 2010, 45 buildings have been commissioned, and six buildings are currently under construction.
Oschadbank and the Lviv City Council signed a five-year loan agreement for 582.6 million UAH to finance projects aimed at modernizing the city’s critical infrastructure, the financial institution announced on Friday.
“The new 582.6 million hryvnia loan will enable Lviv to continue upgrading its housing, utilities, and road infrastructure, modernizing its heat supply system, and strengthening energy security,” said Serhiy Chernikov, deputy chairman of Oschadbank’s board of directors responsible for corporate business.
It is noted that the funds will be directed toward nine critical infrastructure projects in the city.
Taking this new agreement into account, the total amount of loans provided to Lviv by Oschadbank over the past three years has reached 2.09 billion UAH: in 2024, the bank provided the city with 840.0 million UAH, and in 2025—668.0 million UAH.
Since the start of the full-scale invasion, Oschadbank has entered into loan agreements with Ukrainian municipalities totaling 7.8 billion UAH. As of August 1, 2026, the bank accounted for over 64% of municipal lending.
According to the National Bank, as of July 1, 2026, Oschadbank, with total assets of 518.87 billion UAH, ranked second among Ukraine’s 59 banks. The bank’s total loan portfolio grew by 6.7% in the first half of the year, reaching 136.83 billion UAH.
The sole shareholder of Public Joint-Stock Company “Khlibprom Concern” has approved a decision to convert the company into a limited liability company, according to information cited from the National Securities and Stock Market Commission’s (NSSMC) disclosure system.
The decision to reorganize one of Ukraine’s largest bread producers was adopted on July 23, 2026. The newly formed LLC “Khlibprom Concern” will become the full legal successor to the assets, contracts, rights, and obligations of the private joint-stock company.
The shares of the private joint-stock company will be converted into a stake in the LLC’s authorized capital at a ratio of 1:1. The authorized capital of the successor entity will amount to approximately 163.55 million UAH.
The company explained the reorganization as a necessity to simplify corporate governance. The conversion to an LLC does not involve the sale of the company or a change in its ultimate owner.
The organizational and legal form of a limited liability company involves fewer regulatory procedures; in particular, the company will not be required to maintain a share register or comply with certain requirements applicable to joint-stock companies.
In 2025, Khlibprom Concern’s revenue increased by 9.5% compared to the previous year, reaching 2,228.92 million UAH. The company’s net loss decreased by a factor of 13.5, to 5 million UAH, compared to 67.57 million UAH in 2024.
The company’s assets as of the end of 2025 totaled 1 billion 190.76 million UAH, while its liabilities decreased by 10.1% to 509.95 million UAH.
“Khlibprom Concern” is one of the largest producers of bread, baked goods, and confectionery products in Ukraine. The company produces up to 160 metric tons of products daily, including frozen semi-finished dough products.
The company’s structure includes five processing facilities in the Lviv and Vinnytsia regions. The company’s brand portfolio includes Agrola, Bandinelli, 2go, “Lyublyanna,” and “Vinnitsakhleb.” The ultimate beneficial owner of the company is Natalia Antonova.
Ukrainian and Uzbek companies intend to expand cooperation in mechanical engineering, energy, IT, the food industry, and the textile industry. Participants at the Ukrainian-Uzbek Business Forum, which took place on July 13, 2026, in Lviv, discussed prospects for implementing joint projects.
According to the Ukrainian Chamber of Commerce and Industry, the forum was opened by Gennady Chizhikov, President of the Ukrainian Chamber of Commerce and Industry, and Davron Vakhobov, Chairman of the Uzbek Chamber of Commerce and Industry. The event was attended by approximately 90 representatives from the business community, government agencies, industry associations, and chambers of commerce and industry from both countries.
Alisher Kurmanov, Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to Ukraine, also took part in the forum. The participation of the head of the Uzbek diplomatic mission underscored the intergovernmental level of the meeting and Tashkent’s interest in developing direct contacts with Ukrainian businesses. Kurmanov has headed the Uzbek Embassy in Ukraine since 2020.
The forum participants were addressed by Khristina Kalish, head of the Department of Economic Policy of the Lviv Regional Military Administration; Natalia Karpenchuk-Konopatskaya, vice president of the Lviv Chamber of Commerce and Industry; Mirziyod Yunusov, chairman of the “Uzeltexsanoat” Association; Mirziyod Yunusov, Oleg Revchuk, head of the Ukrainian side of the Ukrainian-Uzbek Business Council, and Erkindjon Malikov, chairman of the Association of Exporters of Uzbekistan.
According to Chizhikov, the interest of Uzbek partners extends beyond traditional supplies of food and pharmaceutical products.
“We are ready to offer high-value-added niches—machinery manufacturing, energy equipment, and IT solutions for ‘smart’ cities. This is the level of cooperation that matches the ambitions of both our countries,” stated the president of the Ukrainian Chamber of Commerce and Industry.
Participants identified the development of new logistics routes between Ukraine and Central Asia as one of the main areas of cooperation. The Ukrainian side views Uzbekistan as a regional transportation and trade hub that can provide access to the markets of neighboring countries.
The Ukrainian Chamber of Commerce and Industry proposed that Uzbek logistics operators and customs services work together to create “green corridors.” Such routes could speed up the delivery of Ukrainian agricultural and food products to Uzbekistan, as well as the transport of Uzbek textiles through Ukraine to European countries.
Forum participants held direct B2B negotiations. Promising areas of cooperation identified included pharmaceuticals, machinery and industrial equipment manufacturing, energy, agricultural processing, food products, textiles, chemical products, and digital solutions for municipal services.
Industrial cooperation holds additional potential. Ukrainian companies can supply Uzbekistan with energy and technological equipment, components, pharmaceutical products, and value-added agricultural products. Uzbek enterprises, in turn, are interested in expanding exports of textiles, raw cotton, polymer materials, fertilizers, and other chemical products.
The legal framework for investment cooperation is provided by a bilateral agreement on the promotion and mutual protection of investments, signed in 1993. A preferential trade regime is also in effect between the countries, and imports of goods from Ukraine to Uzbekistan are exempt from customs duties under existing free trade agreements.
According to data from the Ukrainian Chamber of Commerce and Industry, trade turnover between Ukraine and Uzbekistan reached $315 million in 2025, an increase of 14% compared to 2024. Ukrainian exports totaled $186.5 million. Based on these figures, imports of Uzbek goods into Ukraine can be estimated at approximately $128.5 million, and Ukraine’s trade surplus at approximately $58 million.
Thus, the latest complete annual data indicate a trade volume of about $315 million. This figure remains significantly below the potential of the two markets; however, the 14% growth indicates a gradual recovery of economic ties.
Ukrainian exports to Uzbekistan consist primarily of pharmaceutical products, machinery and equipment, meat and meat products, confectionery, and other food products. Ukraine imports mainly textiles, cotton and textile raw materials, polymer materials, fertilizers, and chemical products from Uzbekistan.
In the medium term, growth in trade volume will depend on shipping costs and transit times, the restoration of reliable transport corridors, the availability of cargo insurance, and companies’ ability to organize regular shipments. Uzbekistan could become one of the main gateways for Ukrainian manufacturers to Central Asian markets, while Ukraine is of interest to Uzbek businesses as a potential route to the EU market.
The Ukrainian Chamber of Commerce and Industry is a non-governmental, self-governing organization representing the interests of Ukrainian businesses. The Chamber promotes exports, organizes business missions, and provides services related to product certification, force majeure certification, international arbitration, and the search for foreign partners.
The Chamber of Commerce and Industry of Uzbekistan represents the interests of the republic’s entrepreneurs, participates in the development of exports, the attraction of investments, the organization of business missions, and the establishment of contacts between Uzbek and foreign companies.
The “Uzeltexsanoat” Association brings together enterprises in Uzbekistan’s textile, apparel, and knitwear industries. It participates in the modernization of enterprises, the development of value-added cotton processing, and the promotion of finished textile products to foreign markets.
The Uzbekistan Exporters Association provides companies with support in entering foreign markets, finding buyers, and organizing export shipments.
BUSINESS FORUM, LVIV, UKRAINE, UZBEKISTAN, Vakhobov, ЧИЖИКОВ
