The State of Ukrainian Entrepreneurship in 2025
Ukraine's business landscape showed remarkable vitality in 2025, with 28,913 new companies registered against only 2,871 closures. This significant net gain highlights a resilient and active entrepreneurial sector, demonstrating growth despite the ongoing challenges faced by the country.
Regional Breakdown
The regions with the highest number of new company registrations were:
- Kyiv (city)
- Lviv Oblast
- Dnipropetrovsk Oblast
- Kyiv Oblast
- Odesa Oblast
Conversely, the lowest registration figures were recorded in:
- Kherson Oblast
- Chernihiv Oblast
- Sumy Oblast
- Chernivtsi Oblast
- Kirovohrad Oblast
The highest number of company closures occurred in:
- Kyiv (city)
- Dnipropetrovsk Oblast
- Lviv Oblast
- Zaporizhzhia Oblast
- Poltava Oblast
The fewest closures were documented in:
- Kherson Oblast
- Donetsk Oblast
- Zhytomyr Oblast
- Ternopil Oblast
- Kirovohrad Oblast
- Rivne Oblast
In 2025, Ukraine counted 67,651 entrepreneurs with incomes exceeding 10 million hryvnias, representing 19% of the over 360,000 business owners who filed their financial reports on time. This data provides insight into the scale of formal, high-revenue business activity. The geographical distribution of these high-earning entrepreneurs shows 22% based in the capital, 10% in Dnipropetrovsk Oblast, 8% in Lviv Oblast, 1% in Mykolaiv Oblast, 0.7% in Luhansk Oblast, and 0.6% in Kherson Oblast.
The top five sectors attracting the most new company registrations were:
- Wholesale trade
- Information technology
- Real estate operations
- Transport and logistics
- Construction
It is notable that half of all the country's entrepreneurs are concentrated in just five regions:
- Kyiv (city)
- Dnipropetrovsk Oblast
- Lviv Oblast
- Kyiv Oblast
- Odesa Oblast
The surge in new company formations may signal an economic recovery and growing confidence among Ukrainian entrepreneurs in their ability to succeed, even amid the nation's considerable challenges.
The high registration rates in economically developed areas like Kyiv and Lviv confirm that business activity remains concentrated in established hubs. This concentration could serve as a foundation for further development of Ukraine's entrepreneurial ecosystem as the country continues its recovery.