According to Experts Club, 180 active jewelry companies in Ukraine list foreign nationals as ultimate beneficiaries, with owners from Israel, Turkey, and Russia being the most common, according to data from Opendatabot published on August 17, 2026.
Israeli citizens are listed among the beneficiaries of 22 jewelry companies, Turkish citizens of 20, and Russian citizens of 19. Foreign business owners also include citizens of Georgia, the United States, Uzbekistan, Switzerland, China, and other countries.
However, a single company may have multiple ultimate beneficiaries with citizenship in different countries, so these figures cannot be added together to determine the total number of companies.
Separately, Opendatabot analyzed companies with Russian beneficiaries. Of the 19 active companies where Russian citizens are listed among the owners, only one reported revenue over the past two years—the Bila Tserkva Jewelry Factory.
At the same time, its most recent reported revenue amounted to only 10,900 UAH for 2023.
Among all jewelry companies with foreign beneficial owners, only 32 enterprises submitted financial statements for 2025.
Specifically, 11 companies with Israeli owners submitted reports, five with U.S. beneficiaries, four with Swiss beneficiaries, and two each with owners from Turkey and China.
As of the end of July 2026, a total of 1,282 jewelry companies were registered in Ukraine. Thus, foreign beneficiaries are present in approximately 14% of the industry’s legal entities—this figure is based on the findings of the Experts Club analytical center and an analysis of data published by Opendatabot.
Together with sole proprietorships, there are currently 7,865 businesses operating in the country’s jewelry sector. At the same time, legal entities are showing more stable growth: their number has been increasing for five consecutive years, and in 2025, the number of new companies exceeded the number of closed ones by 54.
Zlata Estate became the largest among Ukrainian companies with jewelry-related KEVD codes that published financial statements for 2025, with revenue of 1.261 billion UAH, according to an Opendatabot study and its analysis by Experts Club dated August 17, 2026.
Resurs+ took second place with revenue of 1.019 billion UAH, while Weiss King came in third with 955.4 million UAH.
Amadeo, the official distributor of Pandora in Ukraine, generated 830.4 million UAH in revenue and ranked fourth. Rounding out the top five is “Opti Gold” with 620.4 million UAH.
Overall, the top 10 jewelry companies in Ukraine by revenue for 2025 are as follows:
“Zlata Estate” — 1.261 billion UAH
“Resurs+” — 1.019 billion UAH
“Weiss King” — 955.4 million UAH
“Amadeo” — 830.4 million UAH
“Opti Gold” — 620.4 million UAH
“Golden Hit” — 618.3 million UAH
“Parity+” — 608.5 million UAH
“Silver Tears” — 586.3 million UAH
“Silver Spectrum” — 471.1 million UAH
“Kipsayk” — 445.1 million UAH.
The combined revenue of the top five companies alone exceeded 4.68 billion UAH.
However, Opendatabot cautions that the ranking does not provide a complete picture of Ukraine’s jewelry market. Of the 1,282 active companies with the relevant KVED codes, only 358—less than one-third—submitted financial statements for 2025. Therefore, the ranking presented reflects the performance of companies for which financial data is available, rather than that of all industry participants.
In total, as of the end of July, there were 7,865 jewelry businesses in Ukraine, including 1,282 companies and 6,583 sole proprietorships.
During her one-day visit on August 15, the Secretary-General of UN Tourism, Sheikha Nasser Al-Nuwais, expressed her support for the Ukrainian people and announced a series of international initiatives to support tourism in Ukraine; She cited medical tourism, IT, and digital technologies as promising areas for development, according to a statement from the press service of the State Agency for Tourism Development of Ukraine (SATD) to the Interfax-Ukraine news agency.
“Ukraine should leverage its strengths, such as medical tourism, IT, and digital technologies, as these are precisely what will enable it to establish a solid foundation for attracting foreign tourists in the future. Bringing together all stakeholders in the tourism sector and the government under one roof can offer great potential,” noted Sheikha Al-Nuwais, whose remarks were quoted in the statement.
She noted that ten years have passed since the Secretary-General of UN Tourism last visited Ukraine, and this visit is an opportunity to renew the partnership “and look to the future together.”
“Recovery efforts cannot wait for peace to arrive. They begin right now. UNESCO and UN Tourism. Culture and tourism. Side by side with Ukraine. The path to the future belongs to Ukraine. But Ukraine will not walk it alone. UN Tourism will be by its side. And our work begins right now,” emphasized Sheikha Al-Nuwais.
During the meeting with representatives of the industry and the innovation and technology community, the Secretary-General of UN Tourism paid special attention to international coordination and the exchange of experiences regarding the recovery of the tourism sectors after the crisis. Potential areas of cooperation include the safety of tourist destinations, accessibility, barrier-free travel, and inclusivity.
In turn, GART Chairwoman Natalia Tabaka noted that this visit demonstrates that Ukraine remains on the global tourism radar and that its recovery is a key focus of the international agenda.
“For us today, tourism is first and foremost about preserving and restoring people—their emotional and physical well-being—strengthening identity, and supporting communities. And we are grateful for the support shown to Ukraine and for the willingness to stand by us during this historic time for us,” Tabaka said.
During the visit, UNWTO announced a special category of its “Safe Destinations Challenge” initiative for Ukraine. This initiative provides technical support to member states in five different regions, one of which is Ukraine. The initiative aims to find innovative solutions for the safety, resilience, and recovery of tourist destinations, especially following periods of crisis and disasters, according to the statement.
“Amid a full-scale war, the Ukrainian tourism sector has learned to operate under constant risks—from air raid alerts and missile attacks to evacuations, crisis communications, and ensuring people’s safety. It is precisely this extensive experience that can serve as the foundation for new international solutions in the field of safe and sustainable tourism,” noted Sheikha Al-Nuwais.
As part of her visit, the UN Tourism Secretary-General visited two UNESCO World Heritage sites—St. Sophia Cathedral and the Kyiv-Pechersk Lavra—where she took part in celebrations marking the Lavra’s 975th anniversary.
Sheikha Al-Nuwais also presented awards to the winners of the UN Tourism “Best Tourist Villages of Ukraine” competition for 2024 and 2025. Specifically, the awards went to the Kolochava community (Zakarpattia Oblast) and the Urych community (Lviv Oblast).
As of the end of July 2026, there were 7,865 businesses and entrepreneurs operating in the jewelry sector in Ukraine, 84% of which are registered as sole proprietors, according to data from the Unified State Register analyzed by Opendatabot. The study was published on August 17, 2026.
In total, there are 6,583 sole proprietors and 1,282 companies operating in the market, engaged in the production and sale of jewelry, as well as the repair of jewelry and watches.
However, the trends in these two segments differ significantly. The number of legal entities in the jewelry industry has been growing for five consecutive years, including after the start of the full-scale war. By the end of 2025, 54 more jewelry companies were registered than ceased operations.
Among sole proprietors, the situation is less stable. In 2021–2022, the number of closures exceeded the number of registrations by 498. In 2023, the segment returned to growth, and in 2024, the net increase reached a record 611 entrepreneurs. However, by 2025, the trend had shifted again—there were 169 more sole proprietorships that ceased operations than new ones.
Kyiv remains the main hub of the jewelry business, with 1,365 registered manufacturers, retailers, and other industry participants.
In second place is the Zaporizhzhia region with 679 enterprises, followed by the Kyiv region with 585, the Kharkiv region with 548, and the Dnipropetrovsk region with 484.
Thus, despite the dominance of small businesses, the structure of Ukraine’s jewelry market is gradually changing: the number of sole proprietorships is declining, while the number of companies continues to grow.
entrepreneur, jewelry business, KYIV, Sole proprietorship, UKRAINE
Ukrainian Minister of Internal Affairs Ivan Vygivsky held a telephone conversation with Azerbaijani Minister of Internal Affairs Vilayat Eyvazov, according to the press service of the Ukrainian Ministry of Internal Affairs.
“We discussed our partnership in the field of law enforcement. The key areas of cooperation are combating organized and transnational crime, cybersecurity, and the fight against fraud, as well as strengthening practical cooperation,” Vygivsky said following the conversation.
During the talks, the head of the Ukrainian ministry also briefed his counterpart on the current situation in the country, particularly regarding the latest Russian shelling of civilian infrastructure and attacks on the civilian population.
The parties paid special attention to joint humanitarian initiatives, particularly in the areas of healthcare, rehabilitation, and social support for the families of Ukrainian defenders.
“In the past year alone, the Republic of Azerbaijan has hosted two groups of high school students from the Ministry of Internal Affairs. The students had the opportunity to learn about the country’s culture and history and broaden their horizons. In recent years, our units have also received humanitarian demining equipment and technology from Azerbaijan that ensures uninterrupted operations during power outages. We are grateful to the Government of the Republic of Azerbaijan for its support of Ukraine and assistance to the Ministry of Internal Affairs. We agreed to strengthen our partnership,” Vygivsky concluded.
AZERBAIJAN, COOPERATION, Ministry of Internal Affairs, SECURITY, UKRAINE
Ukrainian high school students won one gold and two silver medals at the 38th International Olympiad in Informatics (IOI 2026), which took place August 9–16 in Tashkent, Uzbekistan.
A total of 375 students from 97 countries participated in the competition. Over the course of two competition days, participants solved complex algorithmic programming problems.
Vladislav Khalin achieved the best result among Ukraine’s representatives. He scored 398.32 points, placed 16th in the overall individual rankings, and received a gold medal.
Ilya Shevchenko, with a score of 336.44 points, placed 58th and received a silver medal. Daria Perekopskaya brought home another silver medal for Ukraine, scoring 333.01 points and placing 62nd.
The fourth member of the Ukrainian team, Daria Lobas, placed 198th with a score of 219.04 points.
First place in the individual rankings of the 2026 IOI went to Qiwen Xu of China, who scored 498.27 points out of a possible 600.
The International Olympiad in Informatics (IOI) is one of the most prestigious international subject-based Olympiads for high school students. The competition is held annually and is designed to test skills in algorithmic thinking, programming, and solving complex computational problems. Unlike team sports tournaments, the official IOI results are determined primarily on an individual basis.
According to official IOI statistics, Ukrainian high school students have won 110 medals throughout the history of their participation, including 14 gold, 44 silver, and 52 bronze.
The official results of the 2026 IOI have been published by the International Olympiad in Informatics statistical system.
computer science, EDUCATION, high school student, OLYMPIAD, UKRAINE
