Korosten Chemical Engineering Plant JSC (Khimmash, Zhytomyr region) ended 2024 with a net profit of UAH 4.22 million, which is 2.4 times less than the same figure for 2023 (UAH 10.18 million), according to the information on the agenda of the general shareholders’ meetings for 2023 and 2024.
According to the draft resolutions of the meeting scheduled for April 29, it is planned to allocate 5% of net profit for each year (UAH 0.51 million for 2023 and UAH 0.21 million for 2024, respectively) to the company’s reserve fund, while UAH 9.67 million and UAH 4 million will be used to cover losses of previous years.
The shareholders also plan to approve the company’s financial and economic results for two years, reports of the management bodies, and give preliminary consent to a number of transactions.
Founded in 1949, Khimmash specializes in the manufacture of heat exchangers, condensers, refrigerators and evaporators for the oil refining, petrochemical and chemical industries, air cooling units, refrigeration and cryogenic equipment, and heating boilers.
According to the company’s website, in 2024, the plant increased production by 53.5% and exported almost 50% of its products.
“The main task in 2025 is to maintain and increase the achieved result. We plan to gradually upgrade and modernize industrial equipment and expand production capacity. A significant amount of investment will be directed to increase the construction of solar power plants,” the website says.
According to the company, in the fall of 2024, it launched the second stage of its own solar power plant, and currently has two substations with a total capacity of 420 kW, which allows it to fully provide electricity for the production cycle.
Helios Strategia (Dnipro) was the contractor for the construction of the solar power plant. The plants are currently operating on a backup basis only.
According to the National Securities and Stock Market Commission, as of the third quarter of 2024, more than 98% of the authorized capital of Khimmash JSC belongs to the local Tis-Company LLC, and the ultimate beneficiary, according to the Clarity Project, is entrepreneur Motrona Tyshchenko, who, in particular, is the beneficiary of the Zhytomyrski Lasoshchi Trading House.
In 2024, the Korosten-based Khimmash plant increased its revenue by 17% compared to 2023, to UAH 167 million.
Average monthly milk prices in February 2025 continued to decline and after a peak in December 2024 fell to 17.3 UAH/kg, and as of the end of the month dropped to 17 UAH/kg, according to the Union of Dairy Enterprises of Ukraine (UDEP).
According to the report, the price level of February 2025 was 13.5% lower than the price level of December 2024 and 16.5% higher than the price level of February 2024.
At the same time, the average price for milk in February 2025, expressed in euros (for the domestic quality basis), amounted to almost EUR 40/100 kg – against EUR 45.7 in December 2024 and EUR 42.7 in January 2025.
In February 2025, the average price, expressed in euros and converted to the euro basis, fell below EUR47/100 kg, down from EUR53.7 in December 2024 and EUR50.2 in January 2025.
The price level in February 2025 (in terms of EUR) was 13% lower than the price level in December 2024 and 10% higher than the price level in February 2024.
The ratio between the price levels in Ukraine and the EU and Polish averages in February 2025 was 87.5% to the EU average (in November-December 2024 it was over 98%), and 87% to the Polish average.
According to experts, the respective ratios have “rolled back” to the level of September 2024, and the competitiveness of domestic dairy products increased in February 2025.
According to the UMPA, the situation with milk prices in other regions of the world is as follows: in the United States and Brazil, the price increased to EUR 51 and EUR 42.5, respectively, in New Zealand, prices stabilized at EUR 41.5.
The President of the National Assembly of the Republic of Slovenia Urška Klakočar Zupančič has arrived in Ukraine, the Embassy of Slovenia in Ukraine reports.
“The President of the National Assembly of the Republic of Slovenia, Urška Klakočar Zupančič, has arrived in Ukraine on a visit to take part in the parliamentary summit,” the Embassy said in a statement on social media platform X on Monday.
Upon her arrival at the railway station in Kyiv, she was met by the Speaker of the Verkhovna Rada of Ukraine Ruslan Stefanchuk.
The office real estate market in Belgrade is expected to show steady growth in 2024, driven by a robust economy and increasing demand for quality office space. Demand for modern office space continues to exceed supply, which stimulates the active construction of new business centers and renovation of existing buildings.
Rental prices in different parts of Belgrade:
Trends and forecast until the end of 2025:
Demand for office space in Belgrade remains high, especially from foreign companies and banks. Active construction of new business centers is observed in the central districts and New Belgrade, but the supply still does not fully meet the market needs.
Rental rates are expected to remain stable until the end of 2025, with possible adjustments in the most sought-after locations. Infrastructure development and commissioning of new office space will continue, which may somewhat reduce the supply shortage in the market.
Source: https://t.me/relocationrs/725
Ukraine is actively creating support centers for soldiers returning from the front. “The Architecture of Resilience has become one of these places where veterans receive comprehensive assistance: from physical and psychological rehabilitation to acquiring new professional skills. Businesses play an important role in supporting these initiatives, and Grifon is one of the brands that help create comfortable conditions for the training and development of defenders.
The Ukrainian brand Grifon recently donated modern TVs for the classrooms of the Institute of Reintegration, Rehabilitation and Professional Development “Architecture of Resilience” at the Kyiv National University of Construction and Architecture (KNUBA). The TVs were donated by the brand’s ambassador, renowned chef Alik Mkrtchyan. Thanks to the new equipment, veterans will not only be able to access online lectures, trainings and webinars, but also use it for interactive classes and presentations. This opens up new opportunities for learning, professional development and adaptation to civilian life. Supporting veterans is not just a gesture of gratitude, but a real help to those who defended the country. For Grifon, this is a natural extension of the company’s philosophy of “Protection for our own”. Investing in their education and professional growth is an investment in the stable future of Ukraine.
The challenges of adapting to civilian life are becoming more and more urgent as the number of veterans in Ukraine grows. It is important not only to support them physically, but also to help them find themselves in new professions. The Architecture of Resilience Institute provides an opportunity to acquire new skills, improve qualifications, receive legal advice and support in finding employment.