After signing an agreement with the United States to establish the terms and conditions of the Ukraine Recovery Investment Fund, the Cabinet of Ministers will approve a delegation to draft an international agreement on the Fund, Prime Minister Denys Shmyhal said.
“The next steps after the signing are the creation of an appropriate delegation, which will be approved by a government decision, as required by the law of Ukraine on international treaties. The delegation will receive the relevant directives. Next, there will be relevant intergovernmental work between the government of Ukraine and the government of the United States to draft an agreement on the establishment of the Investment Fund for the Development and Construction of Ukraine,” Shmyhal said during an hour of questions to the government in the Verkhovna Rada on Friday, which was broadcast live on YouTube by MP Oleksiy Honcharenko (European Solidarity faction).
The Prime Minister emphasized that all the next steps are clearly spelled out in the law on international treaties.
“The agreement on the creation of the Investment Fund will have the character of an international agreement, so it will be approved by the government and ratified by the parliament. It will describe all the specifics of how the fund will work,” Shmyhal said.
The creation of the Investment Fund is envisaged by the so-called subsoil agreement to be signed on Friday in the United States.
Former Kyiv City Council deputy Vyacheslav Suprunenko has invested $2 million in the bankrupt Kyiv Rosinka plant, which he bought in 2023 and will resume operations in May 2025, Forbes Ukraina reports.
According to the publication, the launch of production cost $1 million. The company plans to invest more than $1 million in 2025-2026. The company expects to recoup the investment in five years.
“In 2024, Rosinka has already resumed production of contract bottled lemonades at the Orlan plant in Kyiv and at a plant in Cherkasy region.
The company has obtained a license to extract mineral water from a spring on the plant’s territory at a depth of 327 meters. The first line of Sofia Kyivska mineral water will be launched in April-May 2025. This will be followed by juice drinks with four flavors. The production of classic lemonades at the Rosinka plant is scheduled for 2026, said Inna Yarmolenko, director of the Rosinka plant in Kyiv.
“Sophia of Kyiv will be bottled in 0.5-liter and 1.5-liter bottles, and juice drinks will be packaged in 180-200 ml soft packs. The redesign of Sofia Kyivska has already been completed, and the next step is to change the label of Rosinka. The names of the drinks will not change.
“The plant plans to launch production of functional drinks in 5 years, including kombucha, energy drinks and vitaminized drinks,” Yarmolenko said, adding that they will be produced under different brands, not just Rosinka.
Currently, the Kyiv-based Rosinka plant is negotiating sales with national retailers such as ATB and Silpo.
As reported, in August 2023, Prozorro.Sale successfully held an auction for the sale of the bankrupt Rosinka plant, which was sold for UAH 138.5 million to the Cyprus-based Alviva Group LTD, whose beneficiary is former Kyiv City Council member Viacheslav Suprunenko.
Demand for commercial space in residential complexes is growing, with rental rates almost back to pre-war levels, Intergal-Bud’s commercial director Anna Laevska told Interfax-Ukraine.
“Today, the demand for commercial space in residential complexes is growing rapidly. This is especially true for shops, supermarkets, services, educational institutions – schools, kindergartens. Operators are actively expanding, entering new premises, and in general, this segment is developing even better than the apartment market,” said Laevska.
According to her, the developer retains in its own rental stock premises with a payback period of up to 12 years. If it is longer, they are usually sold, and the developer offers flexible payment terms, loyalty programs for those who pay the full amount at once, and installment options.
Investors are interested in commercial premises at different stages: both at the excavation stage and when the facility is ready. It all depends on the location and payment terms. As for the area, supermarkets are usually looking for 800 to 1500 square meters, cafes or coffee shops – up to 100 square meters, private clinics can be 150-300 square meters. Smaller premises sell faster because of their lower cost.
“We always take a targeted approach to the choice of residents. We want the complex to include a pharmacy, a clinic, a grocery operator, educational institutions, and services. In other words, we are creating a complete infrastructure. If, for example, there is a grocery store, we offer the rest of the premises to a business that will meet another need of the residents,” she said.
According to her, rental rates have almost returned to the pre-war level, but it all depends on the specific object, its location, traffic, and functionality. In residential complexes with high occupancy, the price may be even higher due to the large flow of people and cars.
All commercial lots take into account the requirements for inclusiveness, energy efficiency and security.
In particular, all premises have either an entrance from ground level or a ramp with the correct angle. Generators provide backup power for all premises, although this is not always critical for commercial facilities, as they are usually located on the ground floor. Tenants are now actively buying out storerooms in basements and equipping individual shelters for their employees, so these premises are now used not only as warehouses but also as protective zones.
Intergal-Bud has been operating in the residential real estate market since 2003. The company’s portfolio includes 184 projects. In 2024, almost 358.5 thousand square meters of real estate were built and put into operation, which corresponds to 3.8 thousand apartments in 20 buildings.
According to Opendatabot, revenue for 2023 amounted to UAH 959.2 million, with a net loss of UAH 22.9 million. For the three quarters of 2024, revenue amounted to UAH 636.4 million, net loss – UAH 51 million 457 thousand.
Since 2019, Interpipe, a vertically integrated pipe and wheel company, has shipped more than 7,800 wheelsets for the Iberian gauge to customers.
According to a press release, the company has delivered the first batch of ULT SP wheelsets under the KLW brand for the Iberian gauge, and since its launch, the “long” wheelset has quickly gained popularity among customers.
Interpipe’s railway business is currently celebrating the 5th anniversary of its entry into the niche market. It is specified that the ULT SP wheelset is part of the Ultimate line of low-load railway products for freight cars. This design was developed specifically for use on the Iberian gauge. The latter combines rail systems with 1668 mm gauge tracks, which is 233 mm wider than the standard European gauge. The product meets the latest standards for freight wheels and axles, as well as the special requirements of the Spanish and Portuguese rail markets, which are dominated by this type of railroad gauge.
“Interpipe has further strengthened its position not only as a manufacturer, but also as a developer of advanced wheel, axle and wheelset designs. The Ultimate line is in demand among customers in many European countries, now including operators of various types of railways,” the statement emphasizes.
“Interpipe is a Ukrainian industrial company, a manufacturer of steel pipes and railway products. The company’s products are supplied to more than 50 countries through a network of sales offices located in key markets in the Middle East, North America and Europe. In 2023, Interpipe sold 387 thousand tons of pipe products and 95 thousand tons of railway products under the KLW brand.
The company has five industrial assets: “Interpipe Nizhnedneprovsky Pipe Rolling Plant (NTZ), Interpipe Novomoskovsky Pipe Rolling Plant (NMPP), Interpipe Niko Tube, Dnipropetrovs’k Vtormet and Dnipro Steel, an electric steelmaking complex under the Interpipe Steel brand.
The total number of employees of the company is about 9.5 thousand.
The ultimate owner of Interpipe Limited is Ukrainian businessman and philanthropist Victor Pinchuk and his family members.
Sukha Balka mine (Kryvyi Rih, Dnipro region), part of Aleksandr Yaroslavsky’s DCH group, has commissioned a new block with iron ore reserves of 41.5 thousand tons.
As reported in DCH Steel’s corporate newspaper on Thursday, a new production unit was commissioned at the Frunze mine, which will ensure production in the coming months.
“On February 26, a new block 55-61 from the Druzhba deposit at the -1210-meter horizon was commissioned at the Frunze mine. The production capacity reserves amount to 41.5 thousand tons of high-quality raw materials with an iron content of 60% to 66%. Sinking and mining operations were carried out with the help of self-propelled equipment, while drilling was carried out using NKR machines. The extraction of raw materials is organized by a classic end-face production,” the information states.
The block’s reserves are planned to be developed in 2.5 months. Block 55-61 is the final block at the -1210 m horizon, and the next production units will be developed at lower horizons of the deposit.
It is also worth mentioning that in January, Yubileynaya Mine commissioned a new block with 135,000 tons of raw materials, which is planned to be developed within five months.
Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. The mine includes Yubileynaya and Frunze mines. Frunze mine.
DCH Group acquired the mine from Evraz Group in May 2017.
Over the past three years, ArcelorMittal Corporation has provided $1 billion in aid to its Kryvyi Rih mining and metallurgical plant, ArcelorMittal Kryvyi Rih (AMKR, Dnipro region), Mauro Longobardo, CEO of AMKR, said.
According to him, ArcelorMittal Kryvyi Rih’s total charitable assistance since the beginning of the war has amounted to over UAH 710 million.
“Our main task in 2024 was to work despite all the challenges to be able to pay taxes and help communities. We were able to achieve this, in particular, thanks to the support of the parent company. Over the past three years, the group has supported us with more than $1 billion, of which capital investments amounted to $0.3 billion,” the CEO said, as quoted by the press service.
He added that as one of the largest taxpayers, we understand that these funds are used for the country’s defense and to bring the Victory closer.
“But we also understand our responsibility to the city, surrounding communities and our employees. Despite the unprofitable financial results, we did a lot of work to reintegrate veterans who returned to us after serving in the Armed Forces, helped the families of our fallen colleagues, employees affected by enemy attacks, and assisted in the restoration of infrastructure facilities in various communities. We will continue to do everything we can to ensure that Ukraine wins and starts rebuilding,” the CEO emphasized.
According to the press release, in 2024, AMKR allocated more than UAH 60 million to support communities and provide charitable assistance to war-affected people. In 2024, the main areas of the company’s social and charitable activities were to help local communities and war victims. The company focused its efforts on reducing internal costs and optimizing resource consumption, but despite the difficult financial situation, it provided assistance to healthcare and education institutions in Kryvyi Rih and the region.
A significant part of the company’s social assistance is to help the families of employees who died and employees whose homes were destroyed or damaged by hostile shelling: UAH 35.55 million in payments to the families of the deceased, UAH 6 million 406.3 thousand in assistance to the victims of shelling. The company allocated UAH 3.4 million to repair the neurological department of the Kryvyi Rih Central District Hospital of the Novopil Village Council.
More than UAH 1.8 million was allocated to the city’s educational institutions. The main projects include repairing the roof of the Kryvyi Rih Metallurgical Vocational College, manufacturing and installing a fence to equip the educational building No. 3 of the Kryvyi Rih College, and helping to repair classrooms and workshops for three Kryvyi Rih educational institutions: Kryvyi Rih Metallurgy and Machine Building Education Center, Kryvyi Rih Professional Mining and Metallurgical Lyceum and Transport and Metallurgical Lyceum.
In 2024, AMKR continued to provide assistance to communities, allocating about UAH 1 million for their development. The company allocated slag and crushed stone for road filling and repair to restore the infrastructure of districts and rural communities (Metallurgical District Council in the city, Kamyanka village in Kryvyi Rih district to fill the dam, Lozuvata and Sofiyivka communities).
AMKR helped to repair the water supply system in Stepove village of the Grechanopodiv community and provided slag for road repairs in Kherson region. The company also manufactured and installed a monument to the fallen defenders in Arkhangelske village, Beryslav district, Kherson region.
In addition, the company provided 100,000 tons of blast furnace slag to the State Border Guard Service of Ukraine to improve departmental border roads. AMKR also provided assistance in other areas, mostly aimed at working with veterans of the plant and the city and their reintegration into society. The main types of assistance included: helping the Veteran service office to set up a newly created veteran hub; assisting in organizing the charity concert “With Faith in Victory”; organizing a field trip for children with special needs to Kamyanets-Podilsky; and helping the Veterans Union NGO.
In 2024, with the support of Korn Ferry, the company also developed and implemented the project “Return of Veterans to Civilian Life,” which includes the organization of a coordination center for veterans on the basis of the Single Window, the creation of inclusive workplaces with individual work with each veteran, rehabilitation programs for veterans on the basis of the company’s medical center and health insurance, priority provision of vouchers to mobilized and demobilized employees, and preferential meals in the canteens of the AMKR.
“ArcelorMittal Kryvyi Rih is the largest rolled steel producer in Ukraine. It specializes in long products, including rebar and wire rod.
ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Berislav.
