Business news from Ukraine

Business news from Ukraine

Indirect cost of housing construction in Ukraine has grown again – statistics by regions

The indirect cost of housing construction in Ukraine in the second quarter of 2025 increased by 2.8% compared to the previous quarter and by 14.3% to the same quarter of 2024, it follows from the indices of indirect cost of housing construction in the regions of Ukraine approved by the Ministry of Development of Communities and Territories (Ministry of Development).

The relevant document establishes indirect indicators of the cost of housing construction, calculated as of July 1, 2025. According to it, the average indicator in Ukraine is 25.3 thousand UAH/square meter, while on July 1, 2024 it was 22.2 thousand UAH/square meter.

According to the Ministry, the indirect cost of construction of 1 square meter of housing in Kiev in the second quarter rose to 29.6 thousand UAH, in Kiev region – to 25.3 thousand UAH, in Lviv region – to 25.2 thousand UAH, in Zakarpattya region – 22 thousand UAH, Ivano-Frankivsk region – 22.8 thousand UAH, Odessa region – 24.3 thousand UAH, Dnipropetrovsk region – 24.6 thousand UAH. Also high indicators are set in Kharkiv and Donetsk regions – 26.6 thousand UAH/sq. m.

 

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Ukraine has significantly reduced honey exports, main buyers – Germany, Spain, Poland

Ukraine exported 24.406 thousand tons of honey in January-June 2025, which is 1.9 times less than in the same period of 2024, when 48.113 thousand tons of this product was supplied to foreign markets. According to statistics released by the State Customs Service (SCS), revenue from honey sales for the period amounted to $53.261 million, which is 41.7% less than for the same period last year, when revenue amounted to $91.417 million.

The top three importers of Ukrainian honey in January-June 2025 were Germany, which accounted for 22.86% of purchases worth $12.177 million, Spain – 10.83% and $5.769 million respectively, Poland – 9.77% and $5.2 million respectively.

A year earlier, during the same period, the most active importers of sugar from Ukraine were Germany (25.76% at $23.546 million) and Poland (10.16% at $9.288 million), as well as the United States (15.27% at $13.955 million).

 

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Unemployment in Spain falls to lowest level since 2008

Unemployment in Spain fell in the second quarter to its lowest level since 2008. According to the Spanish statistics agency INE, unemployment in the country fell to 10.29% in April-June, compared with 11.36% in the previous quarter. Analysts polled by Trading Economics had expected a more moderate decline to 10.7%.

The number of unemployed fell by 236,100 to 2.55 million. At the same time, the number of employed increased by 505,500 to 20.27 million.

Source: http://relocation.com.ua/riven-bezrobittia-v-ispanii-znyzyvsia-do-minimumu-z-2008-roku/

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Naftogaz received UAH 4.7 bln from Ukrgasbank for gas

Ukrgasbank provided Naftogaz of Ukraine with a loan of UAH 4.7 billion for gas purchases, according to the company’s CEO Serhiy Koretsky.

“We are continuing to prepare for winter – another important step has been taken. Naftogaz has signed a loan agreement with Ukrgasbank (UGB) for UAH 4.7 billion. The funds received are already being used to purchase natural gas to build up sufficient reserves in underground gas storage facilities so that the country will be provided with energy resources this winter,” Koretsky wrote on his Facebook page on Thursday.

He expressed his gratitude to the management of Ukrgasbank and the government for their support.

As reported, on July 23, PrivatBank provided Naftogaz with the same loan of UAH 4.7 billion, which was the first for the company and the largest energy loan from the bank since the start of the war.

 

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Ukrainian brand Suziria enters Japanese market

Suziria Group, one of the leaders in the Ukrainian pet products market, has entered the Japanese market, the company announced.

“Suziria Group brands are now present in 12 markets, and this number is growing. Our latest development is Half&Half, which has just entered the Japanese market.

The first batch of products arrived in Japan with the support of our trusted partner Casarich, which acts as the importer. Distribution is managed by their subsidiary Compet, part of the respected Combi Group, known for its expertise in childcare and pet care,” the company said on its LinkedIn page.

Suziria Group is a Ukrainian family-owned group of companies that has been developing the pet products market for over 30 years. It includes Suziria Brands, Suziria Distribution, the MasterZoo pet store chain with 190 stores, and a chain of grooming salons. The company operates throughout Ukraine and abroad, exporting its own products under the Savory, Half&Half, Special One, Pet Fashion, Buddy Boo, Priroda, and Puramur brands.

 

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Ukraine has lost its position in global steel production ranking

In June this year, Ukrainian metallurgical companies reduced steel production by 15.5% compared to the same period last year, from 735,000 tons to 621,000 tons, and by 2.4% compared to the previous month, when 636,000 tons were produced.

In the ranking of global producers of this product compiled by the World Steel Association (Worldsteel), Ukraine ranked 21st among 70 countries.

According to Worldsteel, in June 2025, a decrease in steel production was recorded compared to June 2024 in most of the top ten countries, except for India and the United States.

The top ten steel-producing countries in June were as follows: China – 83.180 million tons (down 9.2% compared to June 2024), India – 13.550 million tons (+13.3%), the US – 6.930 million tons (+4.6%), Japan – 6.718 million tons (-4.4%), Russia – 5.6 million tons (-7.4%), South Korea – 5.043 million tons (-1.8%), Turkey – 2.875 million tons (-3.5%), Brazil – 2.836 million tons (-0.5%), Germany – 2.679 million tons (-15.9%) and Iran – 2.2 million tons (-15.5%).

In total, steel production in June this year decreased by 5.8% compared to the same period last year, to 151.433 million tons.

Based on the results of the first six months of this year, the top ten steel-producing countries are as follows: China – 514.830 million tons (-3% compared to January-June 2024), India – 80.929 million tons (+9.2%), Japan – 40.552 million tons (-5%), the US – 40.242 million tons (+0.8%), Russia – 34.778 million tons (-5.6%), South Korea – 30.628 million tons (-2.8%), Turkey – 18.302 million tons (-1.7%), Germany – 17.109 million tons (-11.6%), Brazil – 16.498 million tons (+0.5%) and Iran – 15.602 million tons (-10.3%).

In the first six months of this year, Ukrainian steel companies reduced steel production by 4.9% compared to the same period last year, to 3.683 million tons from 3.874 million tons, with the country also ranking 21st.

In January-June 2025, global steel production decreased by 2.2% compared to the same period in 2024, to 934.285 million tons.

As reported, at the end of 2024, the top ten steel-producing countries among 71 countries were as follows: China – 1 billion 5.090 million tons (-1.7%), India – 149.587 million tons (+6.3%), Japan – 84.009 million tons (-3.4%), the US – 79.452 million tons (-2.4%), Russia – 70.690 million tons (-7%), South Korea – 63.531 million tons (-4.7%), Germany – 37.234 million tons (+5.2%), Turkey – 36.893 million tons (+9.4%), Brazil – 33.741 million tons (+5.3%) and Iran – 30.952 million tons (+0.8%).

In total, 71 countries produced 1 billion 839.449 million tons of steel last year, which is 0.9% less than in 2023.

At the same time, Ukraine produced 7.575 million tons of steel in 2024, which is 21.6% higher than in 2023 (6.228 million tons). The country ranks 20th in 2024.

In 2023, China produced 1 billion 19.080 million tons (at the previous year’s level), India – 140.171 million tons (+11.8%), Japan – 86.996 million tons (-2.5%), the US – 80.664 million tons (+0.2%), Russia – 75.8 million tons (+5.6%), South Korea – 66.676 million tons (+1.3%), Germany – 35.438 million tons (-3.9%), Turkey – 33.714 million tons (-4%), Brazil – 31.869 million tons (-6.5%) and Iran – 31.139 million tons (+1.8%). In total, 71 countries produced 1 billion 849.734 million tons of steel in 2023, which is 0.1% less than in 2022.

At the same time, Ukraine produced 6.228 million tons of steel in 2023, which is 0.6% less than in 2022. The country ranked 22nd in 2023.

At the end of 2022, the top ten steel-producing countries were as follows: China – 1.013 billion tons (-2.1%), India – 124.720 million tons (+5.5%), Japan – 89.235 million tons (-7.4%), the US – 80.715 million tons (-5.9%), Russia – 71.5 million tons (-7.2%), South Korea – 65.865 million tons (-6.5%), Germany – 36.849 million tons (-8.4%), Turkey – 35.134 million tons (-12.9%), Brazil – 33.972 million tons (-5.8%) and Iran – 30.593 million tons (+8%).

Ukraine ranked 23rd in 2022 with 6.263 million tons of steel (-70.7%).

In total, 64 countries produced 1 billion 831.467 million tons of steel in 2022, which is 4.3% less than in 2021.