Business news from Ukraine

Business news from Ukraine

Klitschko announces opening of traffic on South Bridge in Kyiv from left to right bank

Kyiv’s Defense Council has allowed traffic on the South Bridge from the left to the right bank, while traffic from the right to the left bank will remain closed for now, and restrictions on traffic during air alert on the Podil Bridge and Darnytsia Railway Bridge will be partially lifted, Kyiv Mayor Vitali Klitschko said.

“After consultations with the military, the Kyiv Defense Council allowed traffic on the South Bridge from the left to the right bank,” Klitschko said, as quoted by the Kyiv City State Administration (KCSA) press service in a Telegram message on Wednesday.

Klitschko noted that traffic on the South Bridge from the right to the left bank will remain closed for the time being, except for emergency services, public transport, military vehicles, and transit freight transport.

According to him, traffic restrictions will also be partially lifted during the air raid alert at the Podilskyi bridge crossing and Darnytskyi railway bridge. Only one lane from the left to the right bank will be closed on these bridges during the air alert.

Thus, traffic will move without restrictions: North Bridge; Metro Bridge; Ovchinnikov Bridge; Paton Bridge. E.O. Paton Bridge; Darnytsia Railway Bridge (except for one lane); Podilskyi Bridge Crossing (except for one lane); and the South Bridge – from the left to the right bank.

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India has extended import permit for Ukrainian peas until May 2025

India has officially extended the import permit for peas until May 31, 2025, which is a positive signal for Ukrainian farmers on the eve of the spring sowing campaign, the Ukrainian Pulses and Soybeans Association reported.

The industry association reminded that despite the traditional protectionist policy and restrictions on imports of agricultural products, India periodically opens temporary “import windows”, which are actively used by Ukrainian exporters of pulses.

“Almost all of 2024, a window of opportunity remained open for Ukrainian pea producers, as India, one of the world’s largest consumers of this crop, allowed duty-free imports. Such opportunities encourage farmers to increase their acreage, especially small and medium-sized businesses that are quick to respond to changes in market conditions,” said Antonina Skliarenko, President of the Ukrainian Bean and Soybean Association.

According to her, in 2025, the area under peas in Ukraine may increase by 15%, and in 2026, we can expect an even greater increase in production of this crop.

An additional factor that increases interest in growing peas is the finalization of the opening of the Chinese market for Ukrainian products and the signing of the relevant protocol on March 6, 2025.

“This is a historic event for the Ukrainian pea production, which opens up great export prospects. Given that China introduced a 100% duty on Canadian peas on March 7, Ukrainian producers are gaining a serious competitive advantage,” the head of the business association emphasized.

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In 2025, Agrotrade will increase area under peanuts sixfold

In the 2025 season, Agrotrade will increase its peanut production area sixfold to 33.8 hectares, the company’s press service reported on Facebook.

According to the report, peanuts will be grown as in 2024 in Kharkiv region, where a three-year study will be conducted to understand the patterns of crop development, check the systematic nature and determine the prospects for scaling up in Ukraine.

“The first year was an introductory one for us. We didn’t just grow peanuts, we went through the whole process – from soil preparation to harvesting. It was important to understand how the crop reacts to our conditions: what factors affect yields, how quality changes depending on the growing technology, how it responds to protection products, and what the risks are. We saw that this crop has potential in Ukraine, and based on the results, we decided to increase the sowing area using all the seeds we had collected,” said Oleksandr Ovsyanyk, Director of Agrotrade’s Agricultural Department.

According to him, the first season showed a number of challenges in growing peanuts. Agronomists faced the issues of sowing density, plant protection and choice of care products. In addition, the cultivation of this crop requires a special approach to machinery, so the agricultural holding has developed its own trailed units that help in plant care and adapt the technology to the group’s working conditions.

“This year we will continue the research and check whether the identified patterns are stable,” the agricultural holding promised.

Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). The company cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. The company’s main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a one-time storage capacity of 570 thousand tons.

The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.

The founder of Agrotrade is Vsevolod Kozhemiako.

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Overview of commercial real estate market in Serbia in 2024-2025

In 2024, the commercial real estate market in Belgrade showed steady growth, driven by a robust economy and rising consumer demand. Experts predict that the trend will continue in 2025, especially in the central areas and New Belgrade.

Rental rates in different districts of Belgrade

  • Thecenter (Knez Mihailova, Slavija, Terazije) has the highest rental prices.
  • New Belgrade – a business center with dynamic development.
  • Zemun – more affordable premises for small and medium-sized businesses.

Average rental rates (€/month):

  • Center: from €200 for 15-20 m² to €2000 for 100+ m².
  • New Belgrade: from €200 for small premises to €2000 for large areas.
  • Zemun: from €200 to €1500 depending on the size.

The largest international chains choose the center and New Belgrade, while local businesses prefer Zemun and the surrounding area.

New retail projects

  • Belgrade Waterfront is the largest multifunctional complex in the country.
  • New Belgrade – active construction of shopping centers and retail parks.
  • Growing popularity of outlets focused on international brands.

Forecast for 2025

  • Rents will remain stable, with possible adjustments in top locations.
  • Opening of new shopping centers by the end of 2025.
  • Growth of international retailers, which will increase competition in the market.

Belgrade continues to strengthen its position as a promising site for commercial real estate investment.

Source: https://t.me/relocationrs/580

“Ukrstal Dnipro” reduced its profit by 9.7 times in 2024

Ukrstal Dnipro Steel Structures Plant PJSC reduced its net profit by 9.7 times year-on-year in 2024 to UAH 7.342 million from UAH 70.924 million.

According to the company’s announcement in the NSSMC’s information disclosure system, the company’s shareholders’ meeting scheduled for April 7, 2025 proposes to allocate the net profit of UAH 7.342 million generated by the company’s financial and economic activities in 2024 to cover losses of previous periods.

According to the agenda, the shareholders will also, in particular, consider the reports of the Supervisory Board and the auditor for the past year, and approve the results of financial and economic activities.

Ukrstal Dnipro Steel Structures Plant is the legal successor of PJSC Babushkin Dnipro Steel Structures Plant (the name was changed in April 2017). The company’s core business is the production of building steel structures and their parts.

According to the third quarter of 2024, Closed Non-Diversified Venture Corporate Investment Fund RIFT (Ukraine) owns 92.9947% of the shares of PJSC “Ukrstal Dnipro Metal Structures Plant”, Fercon Ltd (Ukraine) owns 6.3537%.

The authorized capital is UAH 355.208 million, with a share par value of UAH 0.25.

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Parliamentary elections begin in Greenland

Polling stations have opened in Greenland, where elections to the local parliament are taking place on Tuesday, the Associated Press reports. Approximately 41 thousand residents of the island are eligible to vote.

The voters will have to choose from several parties, the favorites of which are two – the left-wing socialist Inuit Atakatigiiit (Eskimo Union), which is currently in power, and the social democratic Siumut (Forward).

In addition to them, representatives of the liberal Demokraatit (“Democrats”) party, the centrist Nalerak (“Aspiration”) party, which supports the island’s independence, and the liberal conservatives from the Atassut (“Solidarity”) party are competing for seats in the local parliament.

According to the BBC, a coalition of the Inuit Atakatigiit and Siumut parties currently controls the majority in parliament – 21 out of 31 seats. Both are in favor of independence, but the largest Inuit Atakatigiiit is in no hurry to hold a referendum, while Siumut promises to hold one in the next four years.

The announcement of the initial election results will begin immediately after the polls close, but the situation may be complicated by weather conditions, as a large part of the island is located in the Arctic zone. The time of the announcement of the final election results will also depend on this.

Observers note that the results of these elections should also reveal which way the island’s residents prefer: to remain a self-governing territory of Denmark, to choose a direction towards independence, or to listen to the statements of US President Donald Trump, who suggested that the Danish authorities buy Greenland.

The results of recent pre-election polls conducted by the Verian research company and regional media show that 85% of voters oppose becoming part of the United States, 6% are in favor, and 9% are undecided.

In addition, 60% of respondents are in favor of Greenland’s possible accession to the EU; 40% share the opposite opinion. The same results were shown in the 2021 survey. However, compared to 2021, the percentage of those who support parties that advocate independence from Denmark has now decreased from 80% to 69%.

Earlier, the Experts Club think tank and Maksim Urakin released a video analysis on the most important elections in the world in 2025 – https://youtu.be/u1NMbFCCRx0?si=AOtHGDT1kGNdZd2g

 

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