Business news from Ukraine

Business news from Ukraine

Louvre Hotels has opened its first hotel in Ukraine — Tulip Residences Lviv

The international hotel chain Louvre Hotels Group has opened its first hotel in Ukraine — Tulip Residences Lviv (24a Panasa Myrnoho Street), according to a correspondent from Interfax-Ukraine.

“We see the potential of the Ukrainian market. This hotel is an example of the most modern solutions and meets the highest European standards. And this is not a one-time collaboration; we want to create new projects with our partners, primarily in Lviv,” said Arnaud Wink, Head of Global Development at Louvre Hotels Group.

According to Ivan Luny, managing partner of Burford Management&Consultancy, which provided technical support and launched the hotel, the project was implemented in full compliance with Tulip Residences requirements.

“We are confident in the quality of the solutions and technologies that have been used. This is the most modern mid-range hotel in the region in the short- and medium-term accommodation segment,” said Luny.

The 73-apartment hotel is part of the Kristal Plaza multifunctional complex. The project developer is Galician Construction Guild (GBG). Construction of the facility began in 2019, with a forced pause in the spring of 2022. In 2021, a franchise agreement was signed with Louvre Hotels Group. The office part, where the Lviv Bank is located, started working in 2024.

Tulip Residences Lviv has 73 apartments with kitchenettes, several inclusive rooms, a Tulip Café Corner, a business space, a gym, and underground parking with a shelter. There’s a new city square nearby.

According to Alexander Kryshchophor, head of the GBG development company, the project’s business model involves selling individual rooms to investors. Under the terms of the investment agreements, the owners transfer the rooms to full management, while retaining the right to use the room at a reduced rate for two weeks a year during the low season. Of the 73 apartments, 48 have already been purchased.

Regarding further plans for partnership with Louvre Hotels Group, Krystofor said that several projects are already in the works.

“One hotel in the Slavska OTG is currently in the design stage. We have owned the land for this project since 2019. It will be a three-star hotel with 100 rooms. The infrastructure will include everything necessary for this class of hotel, such as a wellness area, an efficient conference area, and more. We are also analyzing locations in Lviv for hotel real estate,” he told the agency.

Louvre Hotels Group is one of the leading international hotel operators, founded in 1976 in Paris. Since 2015, it has been part of Jin Jiang International. The chain has over 1,700 hotels in 70 countries around the world. Its portfolio includes the Campanile (3*), Golden Tulip (4*), Royal Tulip (5*), Kyriad, and Première Classe brands, the Tulip Residences and Tulip Residences Collection apartment brands, as well as Sarovar, Hôtels & Préférence, TemptingPlaces, and Metropolo. The company ranks second in Europe in terms of hotel portfolio size.

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In May, agricultural exports brought Ukraine $2.3 bln

The value of Ukrainian agricultural exports in May 2025 rose to $432.7 per ton, which is 37.4% more than a year earlier, when this figure was $315 per ton, said Minister of Agrarian Policy and Food Vitaliy Koval.

“This is clear evidence that Ukraine is increasingly exporting products with higher added value,” he wrote on Telegram.

The minister noted that in May 2025, farmers exported $2.29 billion worth of products, shipping 4.69 million tons.

According to Koval, the top five countries importing Ukrainian agricultural products in May (by value) were Turkey ($404.9 million), the Netherlands ($147.4 million), Poland ($138.3 million), Italy ($127.7 million), and Egypt ($109.8 million).

He recalled that the development of deep agricultural processing is a priority for the Ministry of Agrarian Policy. And it is already yielding concrete results. In May 2025, exports of butter amounted to $20.5 million (2.9 thousand tons), which is $7,077 per ton of product, and exports of juices (fruit and vegetable) amounted to $19.8 million (almost 9 thousand tons) at a cost of $2,213 per ton.

“The figures show that Ukrainian products are competitive and in demand on world markets. We are continuing to work on establishing Ukraine as a supplier of high-quality products with high added value,” the Minister of Agrarian Policy concluded.

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Rapeseed yield in Ukraine may be lowest in four years

Despite improved weather conditions in May, rapeseed yields may be the lowest in four years, according to the information and analytical agency UkrAgroConsult.

Analysts noted that May weather conditions traditionally play a significant role in the development, growth, and formation of crop yields. Precipitation is particularly important this year, as the problem with moisture reserves has persisted since autumn and reached critical levels in spring. At the end of May, we have more significant reserves of productive moisture in the top meter of soil.

They drew attention to the fact that despite the improvement in weather conditions in May and the replenishment of moisture reserves, there are a number of negative factors that lead to a reduction in the rapeseed harvest forecast, in particular, a decrease in yield potential, crop discing, and the inability to meet the deadlines for agrotechnical operations.

Given the current situation, UkrAgroConsult has increased the level of crop losses and expects yields to be below the average for the previous three years. In a more pessimistic scenario, experts suggest that the rapeseed harvest will be the lowest in the last four seasons.

Ukraine has become member of UN Economic and Social Council

Ukraine has just been elected in the first round as a member of the UN Economic and Social Council (ECOSOC) for 2026-2028, according to the Ministry of Foreign Affairs of Ukraine on its Telegram channel.

“This is a significant achievement for which we have worked tirelessly for a long time. We are grateful for the trust and support. It is a great honor for Ukraine to join one of the main bodies of the UN, which promotes global cooperation in the field of development, human rights, and humanitarian response. These areas are in line with the goals and principles of the UN Charter,” said Foreign Minister Andriy Sybiga.

He emphasized that Ukraine will actively and constructively participate in achieving the Sustainable Development Goals in a spirit of partnership, promoting solidarity and building a more inclusive, just, and sustainable world for all.

“We congratulate all the elected member states that stand guard over the UN Charter and reject any attempts to undermine international law. We look forward to close cooperation to protect our common values and achieve tangible progress,” Sybiga concluded.

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ADONIS is a network of private medical centers for adults and children. The ADONIS private clinic was founded over 25 years ago. Its network includes seven branches in Kyiv and the surrounding region, including a rehabilitation center and a stem cell laboratory. The clinic’s branches offer medical services in 65 areas. During the war, ADONIS branches with surgical departments provide quality medical care to military personnel and civilians.