The Vitagro group of companies plans to begin the first phase of construction work on the new ABC Hub industrial park in the Khmelnytskyi region in the second half of 2025, with production lines expected to be launched by the end of 2028, according to a press release from Vitagro.
According to the group’s press release, the 11-hectare IP will house enterprises for the processing of agricultural raw materials, food production, packaging, as well as warehousing complexes, research centers, laboratories, logistics infrastructure, and commercial facilities.
As reported, the Ukrainian government registered the ABC Hub industrial park at a meeting on Wednesday, and the initiative to create the park came from the private manufacturing and commercial enterprise Budzalizobeton, which is part of the Vitagro group of companies.
The group reports that the total investment in the project is estimated at UAH 1.65 billion.
“At the first stage, the Vitagro group will invest UAH 127 million of its own funds in preparatory and land works, design, connection to networks, and infrastructure preparation of the territory. In the future, Vitagro plans to invest about $35 million in ABC Hub,” the press release says.
As reported, the initiator or managing company of the IP may receive up to UAH 150 million in co-financing from the state for the construction of engineering and transport infrastructure.
According to project estimates, at least 350 new jobs will be created at the park, about 300 of which will be production personnel and the rest administrative.
“Salaries are planned to be 30-45% higher than the regional average,” the press release states.
The group expects a significant economic effect – ABC Hub’s gross domestic product will range from UAH 6.9 billion in 2027 to UAH 13.7 billion in 2033.
“Thanks to this, more than UAH 13 million will be transferred to local budgets each year in the form of personal income tax, a single social contribution, and a military levy,” the group’s press service said.
Founded in 1998, the Vitagro group of companies is one of the largest industrial groups in Ukraine with assets in the agricultural, energy, processing, construction, and chemical industries. It owns enterprises in the Khmelnytskyi, Rivne, Volyn, Ivano-Frankivsk, and Kyiv regions. It cultivates about 90,000 hectares of land and is also engaged in livestock breeding, horticulture, renewable energy, fertilizer and feed production, construction, and the production of building materials.
During the full-scale invasion, the group built and launched five processing plants. Vitagro’s head office is located in Khmelnytskyi.
According to the Unified State Register of Legal Entities and Individual Entrepreneurs, the ultimate beneficiary of the investment company Vitagro is People’s Deputy Serhiy Labazuk (parliamentary faction “For the Future”).
The international hotel chain Louvre Hotels Group has opened its first hotel in Ukraine — Tulip Residences Lviv (24a Panasa Myrnoho Street), according to a correspondent from Interfax-Ukraine.
“We see the potential of the Ukrainian market. This hotel is an example of the most modern solutions and meets the highest European standards. And this is not a one-time collaboration; we want to create new projects with our partners, primarily in Lviv,” said Arnaud Wink, Head of Global Development at Louvre Hotels Group.
According to Ivan Luny, managing partner of Burford Management&Consultancy, which provided technical support and launched the hotel, the project was implemented in full compliance with Tulip Residences requirements.
“We are confident in the quality of the solutions and technologies that have been used. This is the most modern mid-range hotel in the region in the short- and medium-term accommodation segment,” said Luny.
The 73-apartment hotel is part of the Kristal Plaza multifunctional complex. The project developer is Galician Construction Guild (GBG). Construction of the facility began in 2019, with a forced pause in the spring of 2022. In 2021, a franchise agreement was signed with Louvre Hotels Group. The office part, where the Lviv Bank is located, started working in 2024.
Tulip Residences Lviv has 73 apartments with kitchenettes, several inclusive rooms, a Tulip Café Corner, a business space, a gym, and underground parking with a shelter. There’s a new city square nearby.
According to Alexander Kryshchophor, head of the GBG development company, the project’s business model involves selling individual rooms to investors. Under the terms of the investment agreements, the owners transfer the rooms to full management, while retaining the right to use the room at a reduced rate for two weeks a year during the low season. Of the 73 apartments, 48 have already been purchased.
Regarding further plans for partnership with Louvre Hotels Group, Krystofor said that several projects are already in the works.
“One hotel in the Slavska OTG is currently in the design stage. We have owned the land for this project since 2019. It will be a three-star hotel with 100 rooms. The infrastructure will include everything necessary for this class of hotel, such as a wellness area, an efficient conference area, and more. We are also analyzing locations in Lviv for hotel real estate,” he told the agency.
Louvre Hotels Group is one of the leading international hotel operators, founded in 1976 in Paris. Since 2015, it has been part of Jin Jiang International. The chain has over 1,700 hotels in 70 countries around the world. Its portfolio includes the Campanile (3*), Golden Tulip (4*), Royal Tulip (5*), Kyriad, and Première Classe brands, the Tulip Residences and Tulip Residences Collection apartment brands, as well as Sarovar, Hôtels & Préférence, TemptingPlaces, and Metropolo. The company ranks second in Europe in terms of hotel portfolio size.
The value of Ukrainian agricultural exports in May 2025 rose to $432.7 per ton, which is 37.4% more than a year earlier, when this figure was $315 per ton, said Minister of Agrarian Policy and Food Vitaliy Koval.
“This is clear evidence that Ukraine is increasingly exporting products with higher added value,” he wrote on Telegram.
The minister noted that in May 2025, farmers exported $2.29 billion worth of products, shipping 4.69 million tons.
According to Koval, the top five countries importing Ukrainian agricultural products in May (by value) were Turkey ($404.9 million), the Netherlands ($147.4 million), Poland ($138.3 million), Italy ($127.7 million), and Egypt ($109.8 million).
He recalled that the development of deep agricultural processing is a priority for the Ministry of Agrarian Policy. And it is already yielding concrete results. In May 2025, exports of butter amounted to $20.5 million (2.9 thousand tons), which is $7,077 per ton of product, and exports of juices (fruit and vegetable) amounted to $19.8 million (almost 9 thousand tons) at a cost of $2,213 per ton.
“The figures show that Ukrainian products are competitive and in demand on world markets. We are continuing to work on establishing Ukraine as a supplier of high-quality products with high added value,” the Minister of Agrarian Policy concluded.
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Despite improved weather conditions in May, rapeseed yields may be the lowest in four years, according to the information and analytical agency UkrAgroConsult.
Analysts noted that May weather conditions traditionally play a significant role in the development, growth, and formation of crop yields. Precipitation is particularly important this year, as the problem with moisture reserves has persisted since autumn and reached critical levels in spring. At the end of May, we have more significant reserves of productive moisture in the top meter of soil.
They drew attention to the fact that despite the improvement in weather conditions in May and the replenishment of moisture reserves, there are a number of negative factors that lead to a reduction in the rapeseed harvest forecast, in particular, a decrease in yield potential, crop discing, and the inability to meet the deadlines for agrotechnical operations.
Given the current situation, UkrAgroConsult has increased the level of crop losses and expects yields to be below the average for the previous three years. In a more pessimistic scenario, experts suggest that the rapeseed harvest will be the lowest in the last four seasons.
Ukraine has just been elected in the first round as a member of the UN Economic and Social Council (ECOSOC) for 2026-2028, according to the Ministry of Foreign Affairs of Ukraine on its Telegram channel.
“This is a significant achievement for which we have worked tirelessly for a long time. We are grateful for the trust and support. It is a great honor for Ukraine to join one of the main bodies of the UN, which promotes global cooperation in the field of development, human rights, and humanitarian response. These areas are in line with the goals and principles of the UN Charter,” said Foreign Minister Andriy Sybiga.
He emphasized that Ukraine will actively and constructively participate in achieving the Sustainable Development Goals in a spirit of partnership, promoting solidarity and building a more inclusive, just, and sustainable world for all.
“We congratulate all the elected member states that stand guard over the UN Charter and reject any attempts to undermine international law. We look forward to close cooperation to protect our common values and achieve tangible progress,” Sybiga concluded.
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