Japan will assist Ukraine in restoring and increasing the fertility of Ukrainian agricultural land by introducing a promising nanobubble technology to saturate soils with oxygen, the State Agency of Ukraine for the Development of Land Reclamation, Fisheries and Food Programs reports.
The prospects for cooperation were discussed at a working meeting of the Head of the State Agency Vladyslav Nevesely and First Deputy Head Taras Kot with representatives of the Japan International Cooperation Agency (JICA) and Kakuichi on February 5.
“My previous experience with JICA has been extremely successful, as they are a team of energetic and dedicated professionals. Your interest in restoring agricultural land in Ukraine is extremely important to us, and I am confident that through synergy we will be able to achieve positive results quickly,” said Nevesely.
Currently, Kakuichi, one of the leading manufacturers of nanobubble systems, has donated three nanobubble generators to Ukraine as part of a pilot project, which are to be installed in Kyiv, Odesa and Poltava regions by the end of the month to test their effectiveness on Ukrainian farmland. Each generator can provide irrigation for about 1 hectare of land.
“The uniqueness of this technology lies in the fact that it allows us to abandon the use of chemical fertilizers. Instead, it uses an environmentally friendly approach that improves water quality and maximizes the use of nutrients contained in the soil. Water enriched with nanobubbles stimulates the natural growth of plants and helps to restore the soil,” the statement said.
It is emphasized that this technology can be especially important for the restoration of land damaged by Russian aggression.
The Naftogaz Group and the European Bank for Reconstruction and Development (EBRD) have discussed financing the purchase of natural gas and supporting its production in the face of Russian attacks.
As the group reported on Friday, these issues were the focus of a meeting between Naftogaz CEO Roman Chumak and EBRD President Audrey Renaud-Basso. The event was also attended by EBRD Vice President Matteo Patrone, Managing Director for Ukraine and Moldova Arvid Turkner, and Deputy Head of the EBRD in Ukraine Iryna Kravchenko.
“Strengthening the country’s energy resilience in the face of a full-scale war, ensuring a stable heating season and providing all categories of consumers with gas are our key objectives. We are grateful to the EBRD for its support and continue to work together on financial instruments to ensure Ukraine’s energy security,” Chumak emphasized during the meeting.
He also added that in today’s environment, flexible and operational solutions in cooperation with international partners allow Naftogaz to respond quickly to crisis situations and ensure uninterrupted energy supplies.
As reported with reference to the Minister of Energy of Ukraine Herman Halushchenko, Ukraine will need to import at least 1 billion cubic meters of natural gas by the end of 2025.
At the same time, according to former Energy Minister Olha Buslavets, the country will have to import 2-3 billion cubic meters of natural gas in 2025 to cover the shortage.
According to her estimates, Ukraine should go through the heating season without serious gas supply restrictions, unless there are extreme frosts, but by the end of it, reserves in underground gas storage facilities (UGS) will amount to about 4.5-5 billion cubic meters, which means an additional need to import 2-3 billion cubic meters of gas by the end of this year.
In January 2025, Express Insurance (Kyiv) collected insurance premiums in the amount of UAH 102.6 million, which is 71.9% more than in January 2024.
According to the insurer’s website, in January, it paid out more than UAH 34.4 million, which is 17% more than in the same period of 2024.
In particular, payments under hull insurance amounted to UAH 27 million (+5.3%), under MTPL – UAH 6.8 million (2.4 times more), payments under other insurance contracts – UAH 660 thousand.
“The increase in MTPL payments is a direct result of customer confidence in the company and the increase in the number of contracts concluded,” the statement said.
Express Insurance ALC was founded in 2008 and is part of the UkrAVTO group of companies. The company specializes in automobile insurance. The consistently high speed of claims settlement in the IC is ensured by optimal interaction with partner service stations.
Since April 2012, Express Insurance has been an associate member of the Motor Transport Insurance Bureau of Ukraine.
Prices for live cattle have risen sharply in Ukraine – by almost 20% over the past week, as of February 5, they increased from 64 to 74 UAH/kg and demand remains high, according to the Association of Milk Producers (AMP).
“The main driver is the increased demand from exporters. There are a number of factors, including the early Ramadan 2025 and the limited presence of live cattle from the EU due to outbreaks of foot-and-mouth disease,” analysts said.
Experts explained that usually the demand for live cattle fades in November and after the New Year’s lull is restored in March under the influence of growing export demand to Arab countries. However, this year Ramadan begins on February 28, so the demand for slaughter cattle from Lebanon and Jordan has increased since the first days of January.
The industry association predicts that amid a shortage of bulls of marketable condition, a rapid decline in raw milk prices and a lack of working capital for the sowing season, including due to delays in payment for raw materials, dairy farms may begin to actively reduce their livestock.
Apparent steel consumption (including total steel production, imports and exports) in the European Union in 2024, according to preliminary estimates by Eurofer, fell by 2.3% to 127 million tons.
This is worse than the association’s previously published expectations, according to which the decline could be 1.8%. In 2023, steel consumption in the EU fell by 5.8% to 130 million tons.
According to Eurofer’s report, in 2025, the recovery in apparent steel consumption will be slower than the association had previously predicted – the growth is expected to be 2.2% against 3.8% previously expected, provided that the situation in the industry develops positively and global tensions ease, which is currently unpredictable.
Consumption may reach about 130 million tons in 2025 and 133 million tons in 2026.
The overall dynamics of steel demand in the European region remains highly uncertain. No improvement in apparent steel consumption is expected until the first quarter of 2025, and consumption volumes will remain well below pre-pandemic levels, the association notes.
In the third quarter of 2024, apparent steel consumption continued to decline (-0.9% after -1.4% in the previous quarter) and amounted to 30.4 million tons.
Data for the fourth quarter will be published later. Real steel consumption in 2024, according to preliminary data, decreased by 3.8% in the EU, and in 2025 it is expected to recover moderately by 1%, while previously it was forecast to grow by only 0.6%. In 2026, real steel consumption could grow by another 1.9%.
Leading Ukrainian pet food manufacturer Kormotech has started construction of a new plant in Lithuania, in which it will invest EUR60 million, of which EUR40 million is provided by the European Bank for Reconstruction and Development (EBRD), according to Vitaliy Koval, Minister of Agrarian Policy and Food.
“I took part in the ceremony of laying the capsule for the expansion of the Kormotech plant. This is the largest Ukrainian producer of animal feed, which not only conquers the European market but also continues to scale thanks to its powerful entrepreneurial energy. Today, it is important for Ukrainian business to develop its presence in European markets without losing momentum,” he wrote on Telegram.
According to the minister, Kormotech is expanding its existing facilities in Lithuania, where it will create 200 new jobs to complement the team of 170 Ukrainian and Lithuanian specialists and the development of related industries. In addition, the company’s products in this country will have some Ukrainian components.
“One of our priorities in the Ministry of Agrarian Policy is to open new markets and expand existing ones. I am confident that Kormotech’s production facilities will enable other Ukrainian companies to enter the European market or increase their presence there,” Koval said and thanked the Lithuanian partners for supporting Ukrainian entrepreneurs who are becoming part of the European economy.
Kormotech is a global family-owned company with Ukrainian roots that has been producing cat and dog food under the Optimeal, Club 4 Paws, Woof! and Meow! brands since 2003. The company has production facilities in Ukraine and the EU, with a product range of over 650 items. Its focus on exports and geographical diversification helps it withstand the impact of Russia’s war against Ukraine.
In 2023, Kormotech’s turnover increased by 22.5% to $152 million from $124 million in 2022. The ratio of sales abroad and in Ukraine in tons is now 31% to 69%, respectively (in 2022 it was 28% to 72% in Ukraine).
Kormotech brands grew most dynamically in the markets of Romania (+35%), Poland (+11%) and Moldova (+11%).
Kormotech is a leader in Ukraine, one of the world’s top 50 pet food producers and one of the top 21 most dynamic pet food brands. The ultimate beneficiaries of Kormotech are Olena and Rostyslav Vovk.
