Business news from Ukraine

Business news from Ukraine

IKEA expands its presence in Serbia

IKEA Serbia has submitted a request to the Belgrade Secretariat for Environmental Protection to decide on the need for an environmental impact assessment for the expansion and reconstruction project of the IKEA-istok department store in Belgrade, Biznis.rs reported today.

The project involves the reconstruction and expansion of more than 6,000 square meters of the department store on Astrid Lindgren Street, and the deadline for public review and submission of conclusions on the request is January 31.

The reconstruction and expansion is planned to be carried out in one stage, while maintaining existing infrastructure connections and without increasing the capacity.

The request states that the existing wastewater treatment technology and the existing wastewater separator from the transport areas will be preserved.

“Since the existing purpose of the facility is maintained, which is not a source of pollution, and given the latest environmental standards that the investor IKEA applies to all its projects, no pollution and inconvenience is expected in the Ikea department store complex in Belgrade,” the request for a decision on the need to conduct an environmental impact assessment reads.

It was also noted that pollution can be considered stationary traffic, which, according to their assessment, does not have a significant spatial dispersion or duration.

IKEA said that during the expansion, the geomechanical and hydrogeological characteristics of the soil will be taken into account based on detailed observations and analyzes.

“The implementation of the planned project will not lead to pollution that is significant for the area where it will be located. The possibility of an accident is minimized through the implementation of appropriate preventive and rapid response measures,” the request says.

The company believes that the project will not have a negative impact on the environment, so there is no need to prepare an Environmental Impact Assessment.

Source: http://relocation.com.ua/ikea-rozshyriuie-svoiu-prysutnist-u-serbii/

 

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Wars, extreme weather and disinformation to be top global risks in 2025 – World Economic Forum

Armed conflicts, extreme weather and disinformation campaigns will be the top global risks in 2025, according to a survey conducted annually by the World Economic Forum (WEF).

Almost a quarter (23%) of respondents to the WEF survey named armed conflicts as the main reason for concern this year. Disinformation was included in the list of top global risks for the second year in a row, and environmental issues, including climate change, biodiversity loss and ecosystem destruction, were named the key risk over the next 10 years.

“Rising geopolitical tensions, eroding global trust and the climate crisis are putting unprecedented pressure on the global system,” said WEF Managing Director Mirek Dusek. – “As divisions deepen and risks increase, world leaders face a choice: promote cooperation and resilience, or face increased instability. The stakes are higher than ever.”

The WEF survey, conducted in September and October 2024, involved more than 900 risk management experts, policymakers, and senior executives. The World Economic Forum will be held in Davos on January 20-24.

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DMZ reduced rolled steel production by 59% in 2024

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH group, reduced rolled steel production by 59.4% in 2024 compared to 2023, to 42.9 thousand tons.

According to information in the corporate newspaper DCH Steel on Thursday, the company did not produce steel products in December, while in November it produced 7.1 thousand tons of rolled metal.

“The production campaign at rolling shop No. 2 will begin in the third decade of January and will include the production of channels of various sizes: from 10 to 30,” the statement said.

Coke production in 2024 decreased by 1.2% to 289.1 thousand tons. In December, coke production decreased by 2% compared to November 2024, to 23 thousand tons.

At the same time, DMZ produced 5.2 thousand tons of rolled metal products and 23.9 thousand tons of coke in December 2023.

As reported, in 2023, DMZ increased its output of rolled metal products by 86.2% compared to 2022 – up to 105.6 thousand tons, coke – by 38.5%, up to 292.7 thousand tons.

In 2022, the plant reduced its rolled steel production by 74.2% compared to 2021, to 58.4 thousand tons, and coke production by 56.3%, to 211.3 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled products and products made from them.

On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.

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Roman Osadchuk has been appointed CEO of SE SETAM

In accordance with the order of the Ministry of Justice of Ukraine dated 14.01.2025 No. 57/k “On Appointment” and the order of SE SETAM dated 15.01.2025 No. 11-k “On Appointment”, Roman Viktorovych Osadchuk was appointed as the General Director of SE SETAM effective January 15, 2025 on the terms of a contract with a salary in accordance with the staffing table.

“I am grateful to the Ministry of Justice for their trust. SETAM is an open and secure auction system in the country. Important changes are coming to the company, which will help make our auction more adapted to the needs of buyers and sellers, allowing it to achieve new results,” said Roman Osadchuk, CEO of SE SETAM.

Mr. Osadchuk’s biographical note

Mr. Osadchuk was born in Nova Chortorya village, Lyubar district, Zhytomyr region.

In 2006, he graduated from the National University of Ostroh Academy with a degree in Law and obtained a law degree.

2007 – 2010 – worked as a state enforcement officer of the city department of the SES of the Khmelnytskyi City District Department of Justice of the Main Department of Justice in Khmelnytskyi Region.

2010 – 2012 – worked as Deputy Head and then Head of the State Enforcement Service Department of the Slavuta City District Department of Justice of the Main Department of Justice in Khmelnytskyi Region.

2012 – 2015 – Head of the Second City Department of the SES of the Khmelnytskyi City District Department of Justice of the Main Department of Justice in Khmelnytskyi Region.

2015 – 2024 – Director of the branch in Khmelnytskyi region of SE SETAM.

2024 – Deputy General Director for Electronic Trading of SE SETAM.

From 9.12.2024 – Acting Director General of SE “SETAM”.

OnJanuary 15, 2025, he assumed the duties of CEO of SE SETAM under a contract.

The OpenMarket auction (SE SETAM of the Ministry of Justice of Ukraine) is a simple and effective means of selling and purchasing property via the Internet. The online auction has been operating throughout Ukraine since 2014.

 

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“Nibulon” has fertilized winter crops on 48% of area for 2025 harvest

The agricultural production department of one of the largest grain market operators in Ukraine, Nibulon JV LLC, has fertilized winter crops on 7820 hectares, which is 48.3% of the total area planted for the 2025 harvest, the agricultural holding’s press service reports on Facebook.

“Currently, we are actively applying ammonium nitrate, one of the most effective nitrogen fertilizers that provides plants with the necessary macronutrients for healthy growth and development. Timely application of this fertilizer significantly affects the final yield of winter crops,” the agricultural holding explained.

Nibulon plans to fertilize a total area of 16.2 thou hectares with ammonium nitrate, including 8.6 thou hectares of winter wheat and 7.6 thou hectares of winter rapeseed. In addition to ammonium nitrate, ammonium sulfate will be added to improve plant nutrition efficiency.

Currently, winter crops have been fertilized on a total area of 7,820 hectares, including 5,602 hectares in Mykolaiv cluster, 1,970 hectares in Central cluster and 248 hectares in Kamianets-Podilskyi cluster.

After fertilizing winter crops, the fields will be harrowed and plant protection products will be applied.

“The implementation of these agrotechnical measures in the complex will ensure the creation of optimal conditions for the growth and development of winter crops, which, in turn, will help to increase their yield and maintain high quality products,” the agricultural holding summarized.

Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, a capacity for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.

“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.

Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.

Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.

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“Slavic Wallpapers” increased production by 1.4% in 2024

Slavic Wallpaper-KFTP JSC (Koryukivka, Chernihiv region), a leading Ukrainian wallpaper manufacturer, produced 16.39 million conventional pieces of wallpaper in 2024, up 1.4% from 2023.

According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company maintained a small increase in production at the end of the year, which gradually slowed down over the course of the year, with growth of 18-20% in the first months.

At the same time, in monetary terms, the factory’s production volume decreased slightly last year to UAH 1 billion 246 million.

In December, the company produced 1.02 million conventional pieces of wallpaper, which is 9.7% less than in December 2023 and 22.4% less than in November last year.

The Association does not have data on the total production of wallpaper in Ukraine in 2024, as the State Statistics Service has stopped providing it.

JSC Slavic Wallpaper-KFTP produces more than 10 types of wallpaper from the economy segment (paper, duplex, acrylic) to premium wallpaper (vinyl, non-woven, hot stamped), as well as its own latex, water-dispersion paint under the Latex brand.

As reported, in 2023, Slavic Wallpapers-KFTP increased its wallpaper production by 19% compared to 2022, to 16.2 million units, production increased by 38.2% to UAH 1 billion 249 million, and net profit increased almost eightfold to UAH 47.7 million.

Earlier, the company noted that sales volumes, especially through retail channels, had dropped significantly as a result of Russian aggression.

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