Business news from Ukraine

Business news from Ukraine

Milk prices in Ukraine decreased by 13.5% in February after peaking in December

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.

President of National Assembly of Slovenia arrives in Kyiv on visit

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.

Source: https://interfax.com.ua/news/diplomats.html

Overview of office real estate in Belgrade

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:

  • Central districts (Knez Mihailova, Slavija, Terazija): The most prestigious offices are concentrated here. Rental rates range from €200 to €600 for 15-20 m² space and reach €1,000-2,000 for space over 100 m².
  • New Belgrade: This district has become the business center of the capital with a dynamically developing infrastructure. Rental prices here range from €200 to €500 for small premises and up to €2,000 for large office space.
  • Zemun: Offers more affordable options for small and medium-sized businesses. Rental rates start at €200 for small spaces and go up to €1,500 for large offices.

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

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Development of veteran spaces on basis of KNUBA

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.

“Guaranteed Buyer” has significantly reduced its debt to renewable energy producers in 6 months

Over the past six months – from September 2024 to March 2025 – the debt of the state-owned enterprise Guaranteed Buyer (Guaranteed Buyer) to renewable energy producers operating at the feed-in tariff has decreased by 37.7% to UAH 22.3 billion from UAH 35.8 billion.

This was announced by Artem Nekrasov, Head of Guaranteed Buyer, at a meeting of the Energy Development League press club on March 27.

According to him, the state-owned enterprise’s settlements with renewable energy generation have increased to 93% since the beginning of 2025, compared to 86% last year. In turn, NPC Ukrenergo’s payments to Guaranteed Buyer for renewable energy services in 2025 increased to 85.2% from 72.9% in 2024.

“There are positive developments. For the first time in my memory, a weighted tariff for electricity transmission services (for Ukrenergo – IF-U) was approved for this year. In addition, we started signing contracts with Ukrenergo not in 1.5-2 years, as it used to be before, but, for example, the January contract has already been signed and payments have already been made,” the CEO said.

According to Nekrasov, the development of the renewable energy market largely depends on the repayment of debts that have historically been accumulated after 2020.

He recalled that in 2020, the government and investors in renewable energy signed a memorandum in which the state confirmed payment guarantees. In particular, the government decided to add an additional part of the funds to the system operator’s tariff, which the state will compensate from the state budget. However, every year, when adopting the state budget, MPs exclude this provision from consideration, which has resulted in the NPC’s tariff remaining underfunded for several years, and Guaranteed Buyer’s debts to market participants are equal to Ukrenergo’s debts to Guaranteed Buyer.

Nekrasov said that Guaranteed Buyer will continue its activities to resolve the debt problem, for which a special roadmap will be developed in a dialogue with market participants.

“Regarding the debts of previous periods, it should be understood that no one in a country at war will immediately raise UAH 15-20 billion to repay them. However, a memorandum or a roadmap for debt repayment will be developed at the level of renewable energy companies, Guaranteed Buyer, Ukrenergo, the Ministry of Energy and the National Energy and Utilities Regulatory Commission, which establishes the sources of payments,” the Chairman summarized. According to him, such a map will include reasonable repayment periods and clear sources of funding.

In turn, the positive dynamics in Guaranteed Buyer’s settlements with market participants was also confirmed at the meeting by the heads of specialized associations and owners of renewable energy installations.

“The development of solar energy is facilitated by the gradual reduction of debt to renewable energy sources, as well as the fact that solar equipment can be installed quite quickly and in many cases does not require special permits,” said Vladyslav Sokolovskyi, Chairman of the Board of the Solar Energy Association of Ukraine.

For his part, Andriy Konechenkov, Chairman of the Board of the Ukrainian Wind Energy Association, said that wind energy will receive a new wave of development in 2025, which will yield qualitative results in 2026-2027.

“Currently, six wind farms are under construction in different regions of Ukraine,” he added.

The event was supported by the information and analytical center Experts Club.

 

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DZPW increased its loss by 2.5 times in 2024

Dnipropetrovs’k Rolling Mill JSC (DZPV) ended 2024 with a loss of UAH 58.32 million, which is 2.5 times higher than in 2023, according to the information on the agenda of the company’s general meeting of shareholders scheduled for April 29.

According to the draft decision of the meeting, the loss is planned to be covered by profits of future periods.
“Dividends based on the results of the financial and economic activities of JSC “RPE” for 2024 shall not be accrued and paid due to the lack of net profit,” the draft decision says.

The owners of equal stakes in DZPV JSC (49.669% each) are a large manufacturer of iron castings, Ferrum-Steel LLC (Novomoskovsk, Dnipro region), and a distributor of spare parts for agricultural machinery, Kewpart LLC (Dnipro).

As reported, Kewpart and Ferrum-Style recently announced their intention to compulsorily buy out minority shares through a squeeze-out procedure at a price of UAH 18.21 per share with a par value of UAH 1.05.
The relevant public irrevocable request to buy back shares from minority shareholders was sent to the company on March 17.

Founded in the late 19th century, DZPV produces cast iron rolls for hot rolling mills, non-metallurgical rolls, and cast iron grinding balls.
The plant’s net income, according to the Clarity-project, decreased by 48.6% in 2024 compared to 2023, to UAH 58.45 million (in pre-war 2021, this figure was UAH 288 million).

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