| Season: | 1994–95 |
| League Topscorer: | (21) Andriy Husyn (Dynamo-2 Kyiv) |
| Biggest Home Win: | (8:1) Metalurh Nk - Sumy |
| Biggest Away Win: | (0:6) Sumy - Khimik Zh |
| Highest Scoring: | (8:1) Metalurh Nk - Sumy |
| Nextseason: | 1995–96 |
1994–95 Ukrainian First League was the fourth season of the Ukrainian First League which was won by Zirka-NIBAS Kirovohrad. The season started on August 6, 1994, and finished on July 2, 1995. In the last round the Kyiv club was only a point away and was visiting Oleksandriya, while the leading Zirka was hosting the former Premier League participant Bukovyna. The Kirovohrad club has managed to prevail with goals from Borysenko and Oliynyk becoming the season champions.
Four clubs promoted from the 1993–94 Ukrainian Second League.
Two clubs were relegated from the 1993-94 Ukrainian Top League:
In 1994-95 season, the Ukrainian First League consists of the following teams:
| Club | City | Stadium | Coach | Replaced coach(es) | |
|---|---|---|---|---|---|
| Pryladyst Stadium Avanhard Stadium (13th and 2nd half) Spartak Stadium (25th and 26th) | |||||
| Olimp Stadium | Yuriy Koval | ||||
| Podillya Stadium Yunist Stadium (41st) | Mykhailo Dunets | ||||
| Kharchovyk Stadium Krystal Stadium (30th, 37th) | |||||
| Kolos Stadium CSKA Stadium (2nd half) | Volodymyr Bezsonov | ||||
| Dynamo Stadium Kolos Stadium (43rd, 44th) | Volodymyr Onyshchenko | ||||
| Avanhard Stadium Kolos Stadium (23rd, 24th, 27th, 28th, 31st, 32nd) | Viktor Aristov | ||||
| Stal Stadium | |||||
| Central Stadium | |||||
| Avanhard Stadium Shakhtar Stadium (23rd and 24th) SHP (26th, 29th, 30th) | Viktor Pyshchev[1] | ||||
| Bukovyna Stadium | Oleksandr Pavlenko Yuriy Stasyshyn[2] | ||||
| Khimik Stadium | Leonid Koltun | ||||
| Naftovyk Stadium | |||||
| Elektrometalurh Stadium | |||||
| Zirka Stadium ARZ Stadium (43rd) | |||||
| Avanhard Stadium | Ernest Kesler Ivan Lednei | ||||
| Sokil Stadium Central Stadium (ppd) | Yuriy Smerdov[3] [4] | ||||
| Vorskla Stadium | |||||
| Khimik Stadium | |||||
| SKA Stadium | |||||
| Dnipro Stadium Vahonobudivnyk Stadium (11th) Naftokhimik Stadium (21st, 22nd and 2nd half) |
Statistics are taken from here.[5]
| Scorer | Goals (Pen.) | Team | ||
|---|---|---|---|---|
| 1 |  Serhiy Chuichenko | 27 (5) | Polihraftekhnika Oleksandriya | |
| 2 | Andriy Husin | 21 | Dynamo-2 Kyiv | |
| 3 | Oleksiy Hrachov | 18 (2) | Naftovyk Okhtyrka | |
| 4 | Vyacheslav Suvorov | 16 (1) | Metalist Kharkiv | |
| 5 | Valeriy Sofilkanych | 14 | Khimik Zhytomyr | |
| Viktor Diak | 14 (1) | Bazhanovets Makiivka | ||
| Vadym Plotnikov | 14 (2) | Stal Alchevsk | ||
| 8 | Viktor Oliynyk | 13 (1) | Zirka-NIBAS Kirovohrad | |
| 9 | Kostyantyn Babych | 12 | Metalurh Nikopol | |
| 10 | Oleksandr Omelchuk | 11 (8) | Metalurh Nikopol |