Ukraine and Spain plan to accelerate the implementation of joint investment and trade projects in the fields of infrastructure, energy, transportation, industry, agricultural processing, defense technologies, and digitalization through the newly established Ukrainian-Spanish Business Council.
The first joint meeting of the Ukrainian and Spanish members of the council took place in Kyiv as part of the Ukrainian-Spanish Business Forum. More than 100 companies from both countries participated in the events, including 47 representatives of Spanish businesses.
Kyiv also hosted the fifth meeting of the Ukrainian-Spanish Joint Intergovernmental Commission on Economic and Industrial Cooperation. The commission was co-chaired by Oleksiy Sobolev, Acting Minister of Economy, Environment, and Agriculture of Ukraine, and Carlos Cuervo, First Vice President of the Government and Minister of Economy, Trade, and Entrepreneurship of Spain.
The parties discussed the transition from general dialogue to the development of specific projects, the involvement of Spanish companies in Ukraine’s reconstruction, the localization of production, and technology transfer.
“Ukraine is open to partnerships right now. An investor who comes today will have the opportunity to join the reconstruction effort and become part of Ukraine’s future European market,” said Hennadiy Chizhikov, President of the Ukrainian Chamber of Commerce and Industry.
In the transportation sector, the parties discussed the development of air, rail, and road transport, the creation of multimodal routes, and the application of Spanish expertise in high-speed rail construction.
In the energy sector, the main areas identified are solar and wind power generation, energy storage systems, energy efficiency, and the development of decentralized power generation. In industry and the defense and technology sectors, the parties intend to transition from conventional product supply to joint production, localization, and the creation of joint ventures.
In the agro-industrial sector, discussions focused on investments in food processing, storage, and logistics, as well as the production of finished goods for export to countries in the Mediterranean, North Africa, and Latin America. Specific areas of cooperation identified include water resource management, healthcare, tourism, science, and innovation.
The Spanish business delegation included, among others, representatives from the infrastructure company ACCIONA, the aerospace corporation Airbus, the technology and defense companies Indra, Grupo Oesía, Escribano, and Integrasys, the satellite operator Hispasat, and the railway company RENFE.
The Ukrainian side was represented by about 20 companies and associations operating in transportation, logistics, aviation, agriculture, the food industry, energy, mechanical engineering, construction, digital technologies, and professional services.
The Ukrainian-Spanish Business Council is intended to serve as a permanent mechanism for direct interaction between companies, chambers of commerce and industry, and the governments of the two countries. Its work will include identifying partners, compiling a portfolio of investment projects, establishing sector-specific working groups, and monitoring the implementation of agreements.
The Ukrainian side of the council is headed by Mykhailo Bno-Ayriyan, a representative of MHP. Its members include MHP, Metinvest, Nova Poshta, SkyUp Airlines, Epicentr Agro, DSV Logistics, Zammler Ukraine, WhiteBIT, Farmak, and other Ukrainian companies and industry organizations.
The next practical step in this cooperation will be a business mission by Ukrainian companies to Valencia on September 28–29, 2026.
The visit will take place as part of the EUROCHAMBRES 2026 Congress, during which a Ukrainian-Spanish business forum and one-on-one meetings between Ukrainian companies and potential Spanish partners are also planned.
According to 2025 figures, trade between Ukraine and Spain totaled nearly $2.8 billion, of which approximately $1.73 billion was accounted for by Ukrainian exports. Spain remains one of the largest European buyers of Ukrainian agri-food products.
According to calculations by the Experts Club information and analytical center, published on July 16, Ukraine exported $1.09 billion worth of goods to Spain in January–June 2026. Imports of Spanish products totaled about $512 million, and total bilateral trade amounted to approximately $1.60 billion.
Ukraine’s trade surplus with Spain reached $578.1 million, the largest among all 50 of the country’s leading trading partners.
Thus, Spain is a particularly advantageous major trading partner for Ukraine: Ukrainian exports to this market are more than double the value of imports of Spanish goods.
The removal of Ukrainian officials’ electronic declarations from the state registry does not mean that previously published information has completely disappeared from the public domain, notes Opendatabot.
Many documents were publicly available for several years before the mechanism for hiding them was introduced in late 2023. During that time, the data may have been saved by journalists, civil society organizations, analytical services, and online archives.
However, the publicly available portion of the declarations no longer contains residential addresses, tax identification numbers, or a number of other direct personal identifiers.
The mechanism to restrict access was introduced to protect military personnel, law enforcement officers, and other officials amid a full-scale war. A government agency may appeal to the National Agency for Corruption Prevention (NAZK) if it believes that the publication of a document poses a threat to the declarant or their family.
As of July 2026, more than 445,000 declarations for the years 2015–2026 have been removed from public access.
Source: https://opendatabot.ua/analytics/hidden-declarations-2026
Most of the declarations by Ukrainian officials that were removed from the public registry pertain to the period before the start of the full-scale war, according to Opendatabot.
The largest number of hidden documents was submitted for 2016—94,968 thousand, or more than one in five of the removed declarations. Another 72,068 thousand documents relate to 2020.
At the same time, the share of hidden declarations for 2016 accounts for about 9% of the total number submitted during that period, and for 2020—about 8%.
By comparison: among the documents submitted during the full-scale war, about 2% of the declarations were removed from public access.
This difference is partly explained by the fact that significantly more documents were submitted between 2016 and 2020. Additionally, once access restrictions are approved, all declarations belonging to a specific individual—including those published long before the mechanism was introduced—may be removed from the registry.
In total, as of July 2026, access to 445,536 thousand declarations filed by 99,087 thousand individuals has been restricted.
Source: https://opendatabot.ua/analytics/hidden-declarations-2026
As of July 2026, 445,536 electronic asset declarations submitted by 99,087 public officials for the years 2015–2026 have been removed from public access in Ukraine, according to Opendatabot, citing open data from the National Agency for Corruption Prevention.
On average, there are about 4.5 hidden declarations per declarant. If an official is granted the right to restrict access, all documents submitted by that official may be removed from the registry at once, regardless of the reporting period.
The mechanism for restricting access was introduced after the resumption of electronic filing in late 2023. It is designed to protect military personnel, law enforcement officers, and other individuals for whom the disclosure of information could pose a threat to them or their family members.
The declarant cannot independently remove the declaration from the registry. A government agency, military unit, or other authorized organization must submit a corresponding request to the NACP.
Source: https://opendatabot.ua/analytics/hidden-declarations-2026
According to “Serbian Economist”, Serbia is gradually becoming one of Ukraine’s most prominent Balkan trading partners. According to data from the Experts Club analytical center, in the first half of 2026, Serbia ranked 33rd among the country’s 50 largest trading partners, with bilateral trade totaling $345.9 million.
Serbian exports to Ukraine totaled $243.2 million, while Ukrainian exports to Serbia amounted to $102.7 million. In June alone, trade between the countries totaled $55.8 million. The balance currently favors Serbia: Ukraine’s bilateral trade deficit reached $140.5 million.
The trend toward Serbia strengthening its position became apparent as early as late 2025 and early this year. In the first quarter of 2026, Serbian exports to Ukraine doubled compared to the same period last year, while Ukrainian shipments to the Serbian market increased by 5%. About 900 Serbian companies are involved in trade between the two countries, of which approximately 670 purchase Ukrainian products.
One of the factors contributing to the development of these ties was the full restoration of Serbia’s diplomatic presence in Kyiv. The embassy, which had suspended operations in 2022, returned to the Ukrainian capital at the end of 2024 and officially resumed operations in new premises in the fall of 2025. The mission is currently headed by Ambassador Andon Sapundži.
The opening of the embassy alone does not determine the volume of trade, but a permanent diplomatic mission facilitates contacts between companies, chambers of commerce, and government agencies. It can also help organize business missions, resolve logistical and consular issues, and prepare new intergovernmental agreements.
The next important step could be the resumption of free trade negotiations and achieving a breakthrough on this issue. For Serbia, Ukraine remains a large market with high demand for food, industrial products, equipment, and reconstruction supplies. For Ukrainian companies, Serbia could become not only a sales market but also a logistics hub for expanding into other countries in the Western Balkans.
Data on all of Ukraine’s major trading partners is available here — https://www.experts.news/posts/analiz-naybilshykh-torhovelnykh-partneriv-ukrayiny-v-pershomu-pivrichchi-2026-roku
At the Farnborough International Airshow (United Kingdom), BAE Systems signed a licensing agreement to support local production of the Light Gun artillery system in Ukraine, according to the company’s press office.
“The licensing agreement will provide access to technical information and support from BAE Systems necessary for the manufacture of the first test gun. This strategic partnership will facilitate the development of a modified version of the L119 light gun for use by the Armed Forces of Ukraine,” the statement said.
It is noted that the L119 is a 105-mm light howitzer developed by BAE Systems—a highly effective and proven towed artillery system valued for its mobility and reliability.
The agreement is based on BAE Systems’ long-term support for Ukraine and its collaboration with Ukrainian industry to strengthen the country’s sovereign defense capabilities. It reflects a shared commitment to developing a sustainable industrial base capable of providing long-term support to the Armed Forces of Ukraine.
“A robust defense capability depends on reliable strategic partnerships in the industrial sector. This agreement combines BAE Systems’ expertise in artillery with our strategic defense partner’s knowledge of Ukraine’s operational needs to support the development of sovereign defense capabilities where they are most needed. Supporting Ukraine is not just about supplying equipment. It is also about working together to build the industrial resilience, skills, and capabilities needed to ensure long-term defense capabilities,” said Giles Ambrose, Director of Engineering, Technology, and Strategy at BAE Systems.
