Business news from Ukraine

Business news from Ukraine

Ukraine’s Danube ports have increased their intake of grain carriers, but river’s low water levels threaten exports

At the end of July, Ukraine’s Danube port cluster sharply increased its intake of grain carriers amid a slowdown in operations at the Greater Odessa ports; however, a critical drop in water levels on the Danube could limit the capacity of this alternative export route.

According to the brokerage firm Spike Brokers, the number of grain railcars heading to the Danube ports increased nearly sevenfold over the week—from 167 to 1,141 thousand railcars. The average daily unloading rate rose by 17 railcars to 51 railcars per day.

At the same time, the number of grain railcars heading toward the ports of Greater Odessa fell by approximately 70%—to a record low of 1,356 railcars, compared to 4,525 railcars a week earlier. Average daily unloading decreased by 160 railcars to 690, while loading decreased by 203 railcars to 580 railcars per day.

In July, 1.38 million metric tons of grain were transported by rail to Ukrainian seaports, which is 37% less than in June. Additional constraints included overcrowding at certain port terminals and delays in transshipping grain from railcars to ships.

Thus, the increase in railcar deliveries to the Danube currently appears to be an immediate market response to the slowdown in operations in the Greater Odessa area. However, the capacity of the Danube route is also under pressure due to the rapid shallowing of the river.

At the end of July, the water flow in the Danube at the entrance to Romania dropped to 1,650 cubic meters per second, compared to an average July level of about 4,750 cubic meters. By August 4, according to forecasts, the figure could drop to 1,500 cubic meters per second, approaching the historic low of 1,400 cubic meters set in 1985.

Back in July, the Romanian Lower Danube Administration recorded a sharp drop in water levels across virtually the entire navigable stretch from Băziaș to Sulina. Near Corabia, several barges ran aground, and actual depths in certain critical sections decreased to 1.5–1.7 meters. Dredging operations are being carried out to maintain depths of at least 1.8–2 meters.

The main risk for Ukraine lies not necessarily in a complete shutdown of the Danube ports, but in a reduction in the permissible draft of vessels. Barges and river-sea hybrid vessels will be forced to carry less grain, which will increase the number of voyages, transportation costs, and fleet turnaround time.

Even if the terminals in Reni and Izmail retain the capacity to receive railcars, the slowdown in loading grain onto vessels could lead to a buildup of rolling stock at stations near the ports. The disparity is already evident: 1,141 railcars are heading toward the Danube ports, while the average daily unloading rate is only 51 railcars.

If this ratio persists, the terminals may once again face overcrowding, after which Ukrzaliznytsia will have to impose restrictions on the shipment of certain cargoes or implement temporary measures.

The second risk is related to the increase in queues on the Romanian sections of the Danube and the Sulina Canal. The ports of Reni and Izmail depend not only on the water depths directly at the Ukrainian berths but also on the condition of the entire Lower Danube route. As the Danube Commission notes, a single shallow section can become a “weak link” and restrict traffic along the entire international corridor.

Silting also complicates the transport of Ukrainian grain by barge to Constanta, Romania. A reduction in the load capacity of a single barge means that more vessels must be deployed to transport the same volume of cargo. This increases freight rates, transshipment costs, and the risk of fines for vessel downtime.

The third risk is the simultaneous decline in the reliability of the two main maritime routes. The ports of Greater Odessa are currently operating more slowly due to terminal congestion and delays in loading ships, while the Danube—which is supposed to serve as a backup route—faces a natural limitation on its throughput capacity.

This factor becomes particularly critical during the arrival of the new grain harvest. Rising logistics costs could lower purchase prices within Ukraine, delay the fulfillment of export contracts, and widen the price gap between Ukrainian ports and the global market.
On June 24, the Ukrainian Sea Ports Authority began operational dredging in the waters of the Port of Izmail. The work is intended to restore the design depths near the berths and allow for the maximum possible draft and cargo capacity of vessels. It was planned to be completed within two months.

However, dredging within the Ukrainian port alone cannot fully compensate for the drop in water levels in the Romanian and transboundary sections of the Danube. To maintain stable traffic flow, Ukraine and Romania will need to work in sync, promptly mark the fairway, conduct regular depth soundings, dredge critical sections, and regulate vessel queues.

The Ministry of Infrastructure had previously identified dredging as one of the main “bottlenecks” in Danube logistics and discussed with the European Commission and Romania the coordination of traffic, the use of the PRIMUS digital system, and measures to address a potential reduction in the capacity of the Odessa-Danube route.

The Danube ports remain a strategic reserve for Ukraine’s foreign trade.
After the start of the full-scale war, their throughput capacity was increased to 35 million metric tons per year. However, actual transshipment volumes fell from 17.4 million metric tons in 2024 to 8.9 million metric tons in 2025, and authorities had previously forecast approximately 5 million metric tons for 2026.

The current increase in grain ship traffic indicates that businesses are ready to quickly return to the Danube route should problems arise in the Greater Odessa area. However, record-low water levels in the river may prevent the ports from fully accommodating this additional traffic, potentially turning the rerouting of cargo by rail into a new logistical bottleneck.

 

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Three Regions Accounted for Half of Ukraine’s New Utility Debts

According to Open4business, the Kharkiv, Dnipropetrovsk, and Mykolaiv regions accounted for about half of all new enforcement proceedings related to utility debts initiated in Ukraine during the first half of 2026.

The highest number of new cases was recorded in the Kharkiv region—22,171 thousand, or about 20% of the national total, according to a study by Opendatabot published on August 3.

The Dnipropetrovsk region ranked second with 19,636 thousand cases, accounting for 18% of new utility debt cases.

The Mykolaiv region came in third with 12,841 thousand cases, or about 12% of the total.

In total, 54,648 thousand enforcement proceedings were initiated in these three regions—slightly more than half of the 108,561 thousand new cases across Ukraine.

The statistics specifically account for enforcement proceedings, not individual consumers. Multiple cases may be opened against a single person, for example, for heating, water, gas, or electricity.

As of early July 2026, there were 829,768 thousand utility debts listed in the Unified Register of Debtors. Sixty-five percent of the enforcement proceedings initiated during the first half of the year remained open and unpaid.

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In Ukraine, more than 100,000 cases were filed in first half of year regarding utility bill arrears

In Ukraine, from January through June 2026, 108,561 thousand new enforcement proceedings were initiated due to arrears in housing and utility services, according to data from the Unified Register of Debtors published by Opendatabot on August 3.
70,206 thousand cases remain open and unpaid, or 65% of those initiated this year. They account for about 9% of all utility debts currently recorded in the registry.

In total, as of early July, the Unified Register of Debtors contained 829,768 thousand cases related to utility debt. For comparison: in November 2025, there were 794,604 thousand; in July 2024, 701,051 thousand; and in January 2021, 344,565 thousand.
Thus, over five and a half years, the number of utility debt entries has increased by approximately 2.4 times.

About 62% of the cases in the registry are formally closed, but this does not necessarily mean that the debt has been repaid. An enforcement officer may close a case due to the impossibility of collection or for other reasons, while the debt record remains in the registry.
Some cases have remained open for more than nine years. Among the oldest cases are a heating debt owed by a resident of the Chernihiv region and a debt for water supply and sewer services owed by a resident of the Lviv region.

However, the number of enforcement proceedings does not equal the number of unique debtors: multiple cases may be opened against a single person regarding different services or periods of debt.
The Unified Register of Debtors contains information on individuals and legal entities against whom enforcement proceedings have been initiated. You can check for an entry through the state register or the Opendatabot service.

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Business Sentiment in Ukraine’s Construction Market Has Improved – State Statistics Service

The business confidence index for Ukraine’s construction market rose by 4 percentage points (pp) in the third quarter of 2026 compared to the second quarter, reaching “minus” 21.1%, according to the State Statistics Service (State Statistics Service). According to a survey of construction companies conducted by the agency, the assessment of the current volume of orders improved by 6.3 p.p. to “minus” 35.2%. Thus, 60% of the surveyed companies assessed their current order volume as normal for the season, while 38% assessed it as insufficient.

Sixty-one percent of respondents expect prices for their services to rise by the end of the third quarter of this year. Only 2% of respondents forecast a decrease in the cost of construction work, while 36% do not expect any changes in pricing policy.

According to State Statistics Service data, the companies participating in the survey have an average of six months’ worth of orders, which corresponds to the pre-war level at the beginning of 2022.

The State Statistics Service notes that in the third quarter of 2026, the construction sector will be negatively affected by labor shortages (53.6%), financial constraints (47.9%), insufficient demand (20.7%), and other factors (42.3%).

About 25% of the surveyed companies expect a reduction in their workforce in July–September, while 56% believe their workforce will remain unchanged, and 19% forecast an expansion of their workforce.

According to the State Statistics Service, 43% of respondents reported an increase in the volume of construction work completed in the previous quarter, while 22% reported a decrease.

The survey showed that 98% of Ukrainian construction companies find it quite difficult to predict future business trends.

The statistical data does not include territories temporarily occupied by the Russian Federation or parts of territories where hostilities are (or were) taking place.

 

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Serbia’s trade with Ukraine rose by 42% in first half of year

According to “Serbian Economist”, Ukraine ranked 28th among Serbia’s trading partners in the first half of 2026.

Total trade between the two countries amounted to 275.9 million euros, compared to 194.6 million euros a year earlier. Thus, trade volume increased by approximately 41.8%. This is according to data from the Republic of Serbia’s Statistical Office, published on July 31, 2026.

Serbian exports to Ukraine rose by 80.2% to 161.3 million euros. Imports of Ukrainian goods increased by 9% to 114.6 million euros.

As a result, Serbia shifted from a deficit of 15.6 million euros in the first half of 2025 to a surplus of 46.7 million euros in January–June 2026.

Ukraine accounted for 0.9% of Serbia’s total exports and 0.5% of its imports.

Despite rapid growth, the volume of trade remains modest compared to the potential of both countries. Serbia’s trade with Ukraine is nearly 19 times smaller than its trade with Germany and approximately 16 times smaller than its trade with China.

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38% of marriages in Ukraine in 2026 were registered online

In the first half of 2026, Ukrainians registered 30,488 thousand marriages online, or about 38% of the total, OpenDataBot reported on July 31, citing data from the Ministry of Justice. Thus, nearly four out of ten couples used the remote marriage registration procedure. In total, 79,516 thousand marriages were registered in Ukraine from January through June.

Digital offices for civil status registration are currently operating in Kyiv, Dnipro, and Lviv. These cities and their respective regions showed the largest increase in the number of registered marriages.
In Kyiv, the number increased by 38% compared to the first half of 2025; in the Dnipropetrovsk region, it increased 2.7-fold; and in the Lviv region, it increased 1.9-fold. OpenDataBot suggests that this trend is largely due to the spread of online registration.

The remote format is particularly important for military personnel, couples living in different cities or countries, and Ukrainians who are unable to visit a Civil Registry Office in person.
At the same time, in most other regions, the number of registered marriages decreased compared to the same period last year.

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