Five days. Three cities. 30–40 targeted connections. One market you need to understand on the ground. 🇺🇦 We are launching our next Market Visit to Western Ukraine, 2–6 November 2026, focused specifically on companies in energy, water & wastewater, waste management, circular economy, and industrial technologies. The delegation takes us to Lviv, Ivano-Frankivsk, and Lutsk, where participants will meet municipalities, utilities, industrial companies, investors, and potential l

Ukraine’s largest online retailer Rozetka said its Brovary distribution centre destroyed in the August 5 attack had a value of around $70 million — excluding inventory worth billions of hryvnias. Before its destruction, the facility processed more than 100,000 orders p er day. Co-founder Iryna Chechotkina argued that commercial insurers simply cannot absorb losses of this magnitude and called for tax deferrals for businesses rebuilding after attacks. The case is important bey

Nova Poshta is restructuring its logistics architecture after attacks damaged major sorting hubs. Ukraine’s largest express-delivery company is moving toward a decentralized sorting model, deploying backup processing capacity, additional sorting centres and alternative routes. Parcels may now move through intermediate facilities that were not part of normal delivery routes. Nova Poshta operates more than 56,000 service points, so this is not a minor operational adjustment but

National Bank Governor Andriy Pyshny described Ukraine’s insurance sector as “hot” but still relatively cheap, saying investor interest is already translating into transactions. The market has undergone substantial regulatory reform, including tougher requirements for solvency, transparency and corporate governance and increasing alignment with European standards. According to Pyshny, British financial and insurance companies are expected to visit Ukraine in the coming months

Ukrnafta plans to install part of a new 63 MW distributed-generation portfolio already this year. The company has secured €45 million in EBRD donor financing for 17 generation sites and selected the equipment supplier. Around 70–80% of the electricity will secure Ukrnafta’s own operations, with the remainder supplied to the grid. The company is also discussing a much larger 250 MW combined heat-and-power project with the EBRD. This illustrates an increasingly important invest

Ukraine wants foreign strategic investors to buy state assets, but European companies are largely staying away. The State Property Fund currently has 18 large projects, 157 smaller assets and roughly 1,200 more in preparation, yet only one foreign investor has completed a wartime privatization of a major Ukrainian asset. Market participants point to war risk, short due-diligence periods, debt-laden assets and insufficient investor communication. Interestingly, companies from

Ukraine’s State Property Fund has started preparing the AmstelSki hotel in Bukovel for sale. The property was confiscated from Viacheslav Zanevsky, the sanctioned former security chief of Viktor Yanukovych. The package includes the hotel business, five trademarks, 12 land plots, apartments, parking spaces and other assets. Court seizures and encumbrances have already been removed, while land titles, inventories and valuations are being prepared. The case is particularly inter

State-owned Oschadbank and Ukreximbank will put Kyiv’s Gulliver shopping mall and office complex up for sale through Prozorro.Sales in September, with a starting price of $207 million. The 157,000-square-metre property is one of Kyiv’s most prominent commercial real-estate assets. The banks took control of it in 2025 after borrower Three O stopped servicing its debt; Oschadbank owns 80% and Ukreximbank 20%. The transaction will be a significant test for Ukraine’s commercial-p

Polish businesses are continuing to increase investment in Ukraine despite the war, particularly in food, energy, finance, infrastructure and manufacturing. Mind highlighted Maspex’s acquisition of 80% of Carpathian Mineral Waters for more than $30 million, ZEN.com’s purchase of PINbank and planned investment of almost UAH1 billion, Unimot’s roughly €60 million energy project in the Lviv region and further activity by Cersanit, Barlinek and Unibep. The less positive message i

Ukrainian defence company DEMZ has signed an agreement with Lithuania’s Ministry of Economy and Innovation to establish ammunition production in Lithuania. A new plant will be built in the Prienai district, while an existing site in Alytus will also be used. Construction is expected to start this autumn and NATO-standard production by the end of 2027. The ammunition will initially supply Ukraine’s armed forces, with exports to allied countries planned later. The project is si

Since full-scale invasion of Ukraine, one message has been repeated almost everywhere: reconstruction will create enormous business opportunities. I agree with that. Where I become more cautious is when the discussion shifts to the assumption that reconstruction automatically creates opportunities for every company. In my experience, these are two very different things. There is no doubt that Ukraine will require significant investment across infrastructure, housing, energy,

Business Monitor Ukraine is a monthly Ukraine economic review, which offers a practical way to follow the Ukrainian market and identify early signals of emerging business opportunities. This edition, for example, covers OKKO’s continuing investments in Ukraine. A careful reader will also notice a reference to the GORO Mountain resort project, which may create opportunities for many Nordic companies in areas such as construction, energy, hospitality, equipment, and services. I