Business news from Ukraine

Business news from Ukraine

Chinese manufacturer of electric cars and hybrids Avatr has entered Ukrainian market

The first dealership center of the new premium brand of electric and hybrid cars Avatr, which enters the Ukrainian market, was opened on Stolichnoye highway in Kiev by the official distributor of the new brand – Atlant Motors Ukraine LLC (part of the Atlant Motors group of companies), the press service of the company reported.

The official presentation of the brand took place on November 20. “Atlant Motors Ukraine” will provide a full cycle – from car sales to service, warranty of the manufacturer and sale of original spare parts.

“Atlant Motors Ukraine” informs about plans to expand the network of official dealer centers in different regions of Ukraine. In particular, by the end of this year there will be official dealers in Odessa, Kiev, Kharkov, and in 2026 AVATR brand showrooms will be opened in Lviv and Dnipro.

At the official opening three models of the brand were presented, in particular Avatr 07 – urban mid-size hybrid or electric SUV. The car is offered in two variants: all-electric (BEV) and series hybrid (REEV). The REEV version is equipped with a hybrid setup based on a 1.5-liter turbo engine and electric motors with a total output of up to 492 hp.

Atlant Motors Group of Companies has been operating in the Ukrainian market for more than 20 years and represents, in particular, the Renault brand in Kharkov and Kharkov region. The group also includes Atlant Motors Energy (Kharkiv) – one of the largest suppliers of electric cars from China to Ukraine, which, according to YouControl data, has net income of UAH 619.9 million in 2024 and UAH 1.28 billion in January-September 2025.

 

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In third quarter recorded decline in GDP of Mexico

Mexico’s economy contracted by 0.3% in the third quarter relative to the previous three months, according to final data from the country’s statistics office. The estimate matched preliminary data. Analysts on average also did not expect a revision, Trading Economics reported.

The downturn in the economy is being recorded for the first time since the fourth quarter of last year. Mexico’s GDP grew 0.6% in the second quarter.

Mexico’s economy contracted at an annualized rate of 0.1% in the third quarter. A contraction of 0.2% was previously reported.

The Experts Club analytical center has previously made a video analysis and forecast on the macroeconomy of Ukraine and major countries of the world.

https://youtu.be/kQsH3lUvMKo?si=1StxlkcIzQlpF0_q

 

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Muraba Veil project: unique ultra-thin skyscraper is being built in Dubai

Construction has begun in Dubai on one of the world’s most unusual residential skyscrapers, the Muraba Veil tower, which will be approximately 380 m high and only about 22.5 m wide, meaning that it will essentially be a single apartment along the facade. The project is being implemented by the developer Muraba in collaboration with the Spanish firm RCR Arquitectes, winner of the 2017 Pritzker Prize. The tower will be a 73-story residential building with 131 luxury apartments ranging from two to five bedrooms, each occupying the entire width of the floor and offering panoramic views of Dubai and the canal.

The main visual motif of Muraba Veil is a metal “veil.” The facade will be wrapped in a translucent shell of perforated stainless steel that filters sunlight and reflects the changing color of the sky throughout the day. According to the architects’ concept, this is a modern interpretation of the traditional Arabic mashrabiya lattice, which provides both privacy and natural shading.

The layouts are inspired by the typology of the classic Arab house: from the outer layer with bedrooms and terraces, the space gradually transitions to a cooler “inner core” where common areas and landscaped courtyard oases are located. This allows for a natural reduction in temperature and less strain on air conditioning systems.

Muraba Veil is being built next to Sheikh Zayed Road and faces the Dubai Water Canal, in one of the city’s few truly pedestrian-friendly areas, with promenades, running and cycling paths, cafes, and quick access to Kite Beach.

The project will be the fifth joint venture between Muraba and RCR Arquitectes and is scheduled for completion by December 2028. The starting price for apartments in Muraba Veil is announced at 18 million dirhams (about $4.9 million), which automatically places the project in the super-premium housing segment and secures its status as one of the most expensive addresses in the emirate.
Muraba Veil fits into Dubai’s long-term strategy to strengthen its status as a world leader in high-rise and landmark construction. The city already boasts the world’s tallest building, the Burj Khalifa, and the recently announced second tallest skyscraper, the Burj Azizi; Dubai also has the highest concentration of towers over 300 meters in the world.

 

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EU sanctions against Russia have not achieved their goals, says US Treasury Secretary

US Treasury Secretary Scott Bessent said that the European Union’s sanctions policy against Russia has not achieved its goals, pointing out that the EU is already preparing its 19th package of restrictive measures.

According to Bessent, European partners have informed him of the development of another, 19th package of sanctions against Russia. “In my opinion, if you are doing something for the nineteenth time, it means you have failed,” the US Treasury Secretary said in an interview with NBC, noting that he considers the current EU measures to be insufficiently effective.

He also accused European countries of continuing to indirectly finance the Russian economy through energy purchases, despite the restrictions that are formally in place.

Bessent has repeatedly called on European countries to take tougher measures against Russian energy revenues, including the introduction of secondary tariffs and duties against buyers of Russian oil in third countries, arguing that it is precisely tough pressure on oil and gas revenues that can reduce Moscow’s resources for waging war.

 

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Cherkasy Bakery allocated UAH 83 million for construction of new mill

A new high-tech mill with a capacity of 120 tons of flour per day has been launched in Cherkasy, according to a Facebook post by Andriy Tabalov, chairman of the supervisory board of Cherkasy Bakery and CEO of Voloshkovoe Pole Dairy Company.

“We have invested more than UAH 83 million in the construction of the new mill and its complete technical equipment. This is an important contribution to the country’s food security,” he wrote.

Tabalov noted that modern technologies have made it possible to switch to the production of premium flour and reduce electricity consumption.

The mill is already in operation and supplies flour to the Cherkasy, Kirovohrad, Chernihiv, Odesa, and Dnipropetrovsk regions.

Cherkasy Bakery PJSC was registered in 1996. It specializes in the production of bread and bakery products, flour confectionery, cakes, and short-term storage pastries. The products of PJSC Cherkasy Bakery are sold both on the domestic market and exported to the EU, the US, Asia, and Africa. The authorized capital is UAH 29.02 million.

 

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Rain and snow are expected in most regions of Ukraine in coming days

Light snow is expected in western Ukraine on the night of Monday, November 24, with moderate snow in the Carpathians and no precipitation during the day, according to the Ukrainian Hydrometeorological Center. Icy conditions are expected on the roads in the west of the country on that day. The temperature at night will be 1-6° below zero, and around 0° during the day.

The rest of the country will see rain, with wet snow in the northern and central regions at night. Significant precipitation is expected in some parts of the Chernihiv and Sumy regions. During the day, most of the northern and central regions will be dry.

Temperatures on Monday night and during the day will be 3-8°C, in the northern and Vinnytsia regions 0-5°C, in the south and southeast 5-10°C at night and 10-15°C during the day.

The wind will be mainly westerly, 7-12 m/s, with gusts of 15-20 m/s in the Carpathians during the day.

In Kyiv on November 24, rain and wet snow at night, no precipitation during the day. Wind from the west, 7-12 m/s. Temperature at night 0-2°C, during the day 2-4°C.

According to data from the Boris Sreznevsky Central Geophysical Observatory, the highest temperature in Kyiv for the entire period of meteorological observations was 14.1°C on November 24, 1926, and the lowest was -15.4°C in 1998.

On Tuesday, November 25, light rain and wet snow are expected in the western regions of Ukraine, moderate snow in the Carpathians, and icy roads. The temperature at night will range from 2°C to -3°C, and during the day from 1°C to 6°C.

No precipitation is expected in the rest of the country. Fog is expected in some areas in the south and southeast at night and in the morning. Nighttime temperatures will range from 0 to 5°C, with daytime temperatures ranging from 8 to 13°C. In the northern regions, nighttime temperatures will range from 3°C to -2°C, with daytime temperatures ranging from 3 to 8°C.

The wind will be mainly southeasterly, 7-12 m/s, with gusts of 15-20 m/s in some places in the northern, central, and southern regions during the day.

In Kyiv, there will be no precipitation on November 25. The wind will be southeasterly, 7-12 m/s. The temperature at night will be around 0°C, and during the day 5-7°C.