Ukraine Business Brief

Selected news, reports and developments we consider relevant for international companies looking at Ukraine.

TECHNOLOGY

Ukraine’s IT sector generates $4.46 billion in exports despite war

Ukraine exported $4.46 billion worth of IT services between January and August 2026, an increase of 4% compared with the same period last year.

TECHNOLOGY

UK launches Kyiv Business Centre to boost joint defence production and investment

The Kyiv Business Centre aims to make it easier for British companies to enter the Ukrainian market, particularly small and medium-sized enterprises that have previously faced security restrictions.

ENERGY

$116 million investment plan approved for Ukraine’s renewable energy integration

A $116.2 million investment plan has been approved under the Renewable Energy Integration (REI) programme, providing renewable energy and energy storage systems in Ukraine.

ENERGY

European Commission considers expanded quota for Ukrainian bioethanol

Ukraine and the European Commission have discussed changes to the mechanism for expanding opportunities for Ukrainian bioethanol exports to the EU.

INVESTMENTS

Ukraine targets $40 billion reconstruction project portfolio for 2027

Ukraine’s Ministry of Economy and Environment has outlined its key priorities for 2027, including the creation of a portfolio of high-quality reconstruction projects.

INVESTMENTS

URC 2027 to focus on defence, energy and critical infrastructure

The conference is intended to help shift cooperation from military assistance towards long-term security partnerships, with particular emphasis on expanding joint defence production, developing new drone agreements with Ukraine.

RECOVERY

Odessa region builds 600 km of water networks for 68,000 residents

Construction of 2 major water supply systems is underway in the Odessa region, aimed at providing a stable water supply to more than 68,000 residents across 29 settlements.

INVESTMENTS

Ukraine invites Japanese companies to expand role in reconstruction

Ukraine is also counting on cooperation with Japan to establish an insurance mechanism for businesses operating under the constant threat of Russian attacks.

ENERGY

UKRNAFTA starts supplying European Arctic diesel to Ukraine

The UKRNAFTA filling station network has contracted European-produced Arctic diesel fuel from Orlen and begun supplying it to Ukraine, with the first batches already delivered.

INVESTMENTS

Italy launches €105 million financing programme for Ukrainian businesses

Italy has presented a €105 million TERRA programme aimed at expanding access to financing for Ukrainian businesses, particularly micro and small enterprises in rural areas

TECHNOLOGY

Esper Bionics launches Power Grip feature for Esper Hand 2

Ukrainian-American startup Esper Bionics has released an update to its Esper+ mobile app, adding a new Power Grip feature for the Esper Hand 2 bionic prosthesis

TRADE & LOGISTICS

Avesterra Group enters UK, Dutch and Estonian markets

Avesterra Group has experience exporting its products to 25 countries worldwide. It currently makes regular deliveries to the Seychelles, Azerbaijan, the Middle East and Africa.

INVESTMENTS

Austria and Ukraine agree roadmap for reconstruction projects

The joint roadmap with Austria should become a practical tool with clearly defined partners, resources and timelines — from identifying reconstruction priorities to implementing specific projects

TRADE & LOGISTICS

CIHEAM Bari opens call for agricultural input suppliers in Ukraine

CIHEAM Bari announces a Call for Expressions of Interest for the purpose of establishing a shortlist of suppliers for the procurement of agricultural inputs in Ukraine.

INVESTMENTS

IFC to support new infrastructure projects in Ukraine

The International Finance Corporation (IFC) is interested in continuing cooperation with Ukraine on infrastructure projects implemented through public-private partnerships.

INVESTMENTS

US–Ukraine Reconstruction Fund to finance first projects by end of 2026

The United States–Ukraine Reconstruction Investment Fund (URIF) will begin financing its first projects by the end of 2026, with at least three projects expected to receive funding.

TRADE & LOGISTICS

Alternative routes handle 1.7 million tonnes of Ukrainian agricultural exports

Ukraine exported around 1.7 million tonnes of agricultural products via alternative routes, representing approximately one-third of its potential export volume

INVESTMENTS

EU presents new guide to help Ukrainian businesses find European partners and financing

The European Commission has launched a new guide bringing together key tools and resources for EU–Ukraine business cooperation.

INVESTMENTS

Odesa Port Plant draws interest from four potential foreign bidders ahead of its privatization auction

In response, global ammonia fertilizer producers began looking to hedge their risks, turning their attention to the Ukrainian enterprise.

TRADE & LOGISTICS

Demand for Ukrainian wheat remains stable as exporters redirect shipments through Danube ports

Market participants note that the Danube remains an important alternative export route

ENERGY

EU remains top destination as Ukraine's bioethanol exports grow 10.6%

Ukraine exported 80,400 metric tons of bioethanol in the first half of 2026, up 10.6% from the same period last year. 

TRADE & LOGISTICS

Nearly 20,000 new companies registered in first half of 2026

Ukraine registered nearly 20,000 new companies during the first six months of 2026, marking the highest level of business creation in the past three years

ENERGY

EBRD approves €70 million for construction of two wind farms in Ukraine

The funds from the loan package will be used to finance the construction and operation of two wind farms with capacities of 58 MW and 200 MW

INVESTMENTS

Aurora invests UAH 1.84 billion as retail chain grows 30% in first half of 2026

Ukrainian retail chain “Aurora,” operating in the one-dollar store format, opened 133 new stores in Ukraine in January–June 2026

TECHNOLOGY

Farmak becomes strategic investor in Ukrainian healthtech startup Tayra AI

Ukrainian company Farmak has become a strategic investor in Tayra AI, a healthtech startup developing AI solutions for medical facilities.

TECHNOLOGY

Ukraine’s Airlogix and Czech PBS Group to produce turbine engines for UAVs in Ukraine

Ukraine’s defense company Airlogix and Czech PBS Group have agreed to localize the production of PBS turbine engines

TECHNOLOGY

Ukraine’s Ratel starts serial production of tracked combat robots

Ukrainian defense company Ratel Robotics has launched serial production of its tracked ground robots Nurse TB20

ENERGY

Ukrnafta and EBRD launch construction of a 250 MW CHP plant

Ukrnafta and the EBRD have launched the construction process for a modern gas-fired cogeneration power plant to support Ukraine’s energy system.

INVESTMENTS

Spain announces increase in recovery project financing to €570 million

Ukrainian reconstruction projects will gain greater access to Spanish financing, while Spanish companies will get more opportunities to invest in Ukraine.

TECHNOLOGY

German AI company Circus launches cooperation with Ukrainian Ground Forces

German company Circus SE is launching cooperation with the 3rd Army Corps of the Ukrainian Ground Forces on AI-powered autonomous logistics systems.

INVESTMENTS

French Alta Ares to invest €10 million in Ukraine expansion

French deftech company Alta Ares will allocate one-fifth of the €50 million in investments raised in June to expanding its business in Ukraine — approximately €10 million

TRADE & LOGISTICS

Ukraine’s Parliament ratifies free trade agreement with Turkey

The agreement removes barriers specifically for processed products: food products, feed concentrates, and more deeply processed oil products

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