Business news from Ukraine

Business news from Ukraine

Ukrainian Alfa Development Group completes construction of almost 250 thousand square meters of new warehouse real estate projects

Ukraine’s Alfa Development Group is completing the construction of new warehouse real estate projects with a total area of about 244 thousand square meters, with commissioning scheduled for 2023-2024, said Maxim Onufrienko, CEO of the group.

According to him, the construction of the second and third phases of the Oleksandrivskyi logistics center (Chubynske village) with a total area of 115.2 thousand square meters is being completed in Kyiv region. Completion of the second stage (12.6 thousand square meters) is scheduled for October 2023, and the third stage (40.7 thousand square meters) – in March 2024.

“This is a multi-mode warehouse complex, which means that there is both freezing, refrigerators, and dry storage. I must say that we have already leased 50% of the second stage, scheduled for commissioning in October 2023, and signed contracts with customers. This confirms the growing demand for warehouse real estate in Kyiv,” Onufrienko said at RAU Expo 2023 in Kyiv on Tuesday.

Other projects in the Kyiv region, he said, include the Dudarkiv warehouse center with a total area of 45.5 thousand square meters, scheduled for commissioning in January 2024. About half of the first phase’s area (23.1 thousand square meters) has already been leased.

In addition, the construction of a logistics complex with a total area of 159.6 thousand square meters is underway in Chaiky village. The completion date for the first (19.5 thousand sq. m) and third (27.2 thousand sq. m) phases is March 2024, and the second phase (23 thousand sq. m) is May 2024. After that, the project envisages the implementation of two more stages.

In Dnipro region, Alfa Development Group is building two projects: the Shynnyi Industrial Park (Dnipro) and the Peredovyi warehouse center (51.3 thousand square meters, Chumakivska village council).

“Shynnyi is the first industrial park in Dnipro. We started it in early 2022, before the war. We negotiated with Ukrposhta, but this is still a thing of the past. So now we are building an industrial park. The construction plans for January 2024 include 130 thousand square meters, of which 34% have already been signed with a major client,” said Onufrienko.

In addition, a warehouse complex in Kropyvnytskyi with a total area of 14.2 thousand square meters is planned to be commissioned in October 2023.

The group also has a facility in Odesa, Odesa Logistic Park, which was damaged during Russian shelling.

“In Odesa, we have two warehouse complexes, one dry warehouse with a total area of 38 thousand square meters and a cold logistics facility with 27 thousand square meters. We had an arrival in Odesa, after which we have half of the dry warehouse left, which we are reconstructing. In September, we will complete 14 thousand square meters, which is almost half. We restored the refrigerators back in May,” said the CEO.

Next year’s plans also include the construction of a new logistics complex in Lviv with an area of 50 thousand square meters. Onufrienko told Interfax-Ukraine that the warehouse will be put into operation in 2024.

The expert noted that all of the company’s facilities are equipped with generators in case of power outages in the face of Russian aggression. In addition, shelters are being built at the facilities and new fire safety systems are being installed.

Alfa Development Group was founded in 2005. It holds one of the leading positions in the warehouse real estate market of Ukraine. Its portfolio includes 16 completed facilities with a total area of over 326 thousand square meters.

,

Number of company bankruptcies in EU has reached its highest level since 2015 – Eurostat

The number of bankrupt companies in the EU in the second quarter of 2023 increased for the sixth consecutive quarter and reached 106, the highest since the beginning of data recording, i.e. since 2015, according to the European Union Statistical Office (Eurostat).

In quarterly terms, the number of bankruptcies increased by 8.4%.

At the same time, the number of new company registrations decreased by only 0.6% to 124. The figure has been stable around 120 companies since the third quarter of 2020 after falling to 80 at the height of the coronavirus pandemic.

The most notable increase in the number of bankruptcies in April-June was recorded in the hotel and catering sectors (by 23.9% compared to the first quarter), as well as in the transport and warehousing sector (by 15.2%).

The number of bankruptcies also increased in almost all sectors compared to the pre-pandemic fourth quarter of 2019. The only sectors where the number of bankruptcies decreased during this period were industry (-11.5%) and construction (-2.7%).

, ,

Ukraine agrees with German partners on development of renewable energy sources in Chornobyl NPP zone

NPC Ukrenergo, the Ministry of Environmental Protection and Natural Resources of Ukraine, the State Agency of Ukraine on Exclusion Zone Management and the German company NOTUS energy Invest Ukraine GmbH have signed a Memorandum of Cooperation in the development of renewable energy projects in the 30-kilometer zone of the Chornobyl NPP.

As Ukrenergo reported on its Telegram channel, the document refers to stable and secure electricity supply from the exclusion zone using existing infrastructure and networks.

“One of the key results of cooperation should be the creation of additional renewable energy facilities. This will increase the reliability of power supply to the surrounding settlements and increase the share of renewable energy in the Ukrainian power system,” the company said.

In addition, within the framework of cooperation, Ukrenergo will forecast the development of generating capacities and develop the transmission system to ensure the grid capacity in accordance with market needs.

The company reminded that this is not the first cooperation between Ukrenergo and German partners. In particular, more than EUR 30 million of loans from the KfW have been attracted for the implementation of projects to restore and reconstruct substations. Also, German transmission system operators constantly help the NPC with the replacement of equipment damaged by shelling.

,

More than 2 thousand people have died in Libya because of hurricane and almost 7 thousand missing

The number of people who died as a result of flooding caused by Hurricane Danielle, which raged in the Central Mediterranean in eastern Libya, exceeds 2 thousand people, reports TRT Haber TV channel on the night of September 12.

It is emphasized that as a result of the natural disaster that swept the east of the country, more than 2 thousand people were killed and almost 7 thousand people are missing. The cities of Al-Baida, Sousse, Al-Marj and Derna were flooded. A curfew has been imposed in areas where a state of emergency has been declared.

Libya’s Prime Minister called on the international community to provide aid to flood-affected areas. Three days of mourning have been declared in the country.

,

Ukrnafta has received UAH 700 mln of profit

PJSC “Ukrnaftoburnia” (“UNB”) according to the results of work in the first half of 2023 received a profit of 700 million UAH, said the director of PJSC “Ukrnafta”, to which the company is transferred in management, Sergiy Koretskyy.

“In the first half of 2023, the company received 700 million UAH of profit. There are reasons to believe that according to the results of the second half of the year “UNB” will be able to earn almost three times more. We state the fact of a significant increase in realization prices,” he wrote on his Facebook page.

“As stipulated by the concluded contracts with ARMA, 90% of net profit will be transferred in favor of the state,” Koretskyi specified.

According to him, the company also managed to eliminate technological deficiencies and launch the 88th well.

“After the drilling was completed, we received a flow of high-pressure formation water from the upper horizons. We carried out repair and water isolation works. Consequently, we increased production by 170 thousand cubic meters of gas and 30 tons of condensate per day,” he said.

In addition, “UNB” plans to soon complete commissioning of the booster compressor station, which will slow down the natural decline in production.

As reported, after the arrest and court decision to transfer to the management of ARMA “Ukrnaftoburnia”, LLC “Sakhalinskoye”, LLC “Sirius-1”, LLC “East Europe Petroleum” in the case on the legality of subsoil use of the Sakhalin field, the Cabinet of Ministers of Ukraine by the order №454-r of May 23, 2023 supported the proposal to transfer to the management of “Ukrnafta” corporate rights in these companies.

At the end of June, the AMCU authorized Ukrnafta to receive shares in the authorized capitals of these companies for management. On July 7, the acts of acceptance and transfer of assets were signed.

“Ukrnafta is one of the largest private gas production companies in Ukraine. Since 2010, it has been developing the Sakhalin oil and gas condensate field (Krasnokutsk district, Kharkiv region) with reserves of 15 billion cubic meters of gas. The company’s gross production in 2020 will amount to 725.4 million cubic meters of gas and 80.8 thousand tons of oil and condensate, in 2021 – 691.3 million cubic meters and 76.6 thousand tons.

For the Sakhalin field as a whole, gas production in 2020 amounted to 844.3 million cubic meters and 86 thousand tons of oil and condensate, in 2021 – 789.5 million cubic meters and 80.8 thousand tons.

,

Ukraine reduced imports of lead and tin over 8 months

In January-August of this year, Ukrainian enterprises reduced imports of lead and lead products by 67.9% to $722 thousand ($9 thousand), imports of tin and tin products by 33.8% to $1.633 million ($208 thousand), but increased imports of zinc and zinc products by 10.1% to $28.775 million ($3.934 million).

Exports of aluminum and aluminum products in January-August this year decreased by 4.8% compared to the same period last year to $63.289 million ($8.201 million in August), lead and lead products increased by 13.6% to $9.866 million ($0.876 million), nickel and nickel products amounted to $201 thousand ($76 thousand), while in 8 months. 2022 it was $1.339 million.

Imports of tin and tin products fell by 33.5% to $3.312 million, while imports of zinc and zinc products decreased by 58.7% to $38.690 million.

, ,