Ukrainian construction companies are experiencing a steady staff shortage, with some vacancies remaining open for up to six months, Rauta CEO Andriy Ozeychuk said in an op-ed for Interfax-Ukraine.
According to him, in 2022-2024, wages in the industry grew by about 20% annually.
Companies are increasingly attracting women and older people, and are also considering hiring workers from Asia.
Rauta is a leader in the Ukrainian steel construction market and a member of the European Construction Industry Association. The company provides design, production, and installation solutions in accordance with current EU regulations. The company is licensed to perform construction works with medium and significant consequences (CC2, CC3). According to the Unified State Register, the owner of 100% of the company’s authorized capital is Andriy Ozeychuk.
Kovalska Industrial and Construction Group (Kovalska) plans to start construction of the NUVO business center at 47 Zhylianska Street in Kyiv in 2026, the group’s CEO Serhiy Pylypenko said in an interview with LIGA.net.
“We plan to launch the project on the market approximately next year. The concept has been improved, but remains the same: mixed-use office space with some apartments, a hotel. We plan to start construction work in 2026,” said Pylypenko.
He noted that the company has finalized the project and increased its share from 50% to 100%, becoming the sole customer of the construction. Previously, KDD Ukraine was involved in the project.
As reported, in February 2023, Kovalska Group received permission to build the NUVO business park in the center of Kyiv. Earlier, in 2020, the group received permission from the Antimonopoly Committee to buy a 2-hectare land plot at 47 Zhylianska Street in the capital to build a business park.
MVRDV designed two Class A office buildings with a total area of 42 thousand square meters and a height of 18 and 11 floors. Orange Architects designed a 36 thousand square meter building designed to accommodate flexible offices, commercial and cultural spaces on the lower floors, and a hotel and residential space on the upper floors. The design of the complex also takes into account the light rail line on Zhylianska Street.
Kovalska ICG has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation.
The group also includes Kovalska Real Estate, which is engaged in the construction of residential properties in Kyiv. Its portfolio includes more than 20 completed residential projects.
The volume of foreign currency purchases by the Ukrainian population in June 2025 exceeded the volume of its sales by $0.28 billion in dollar terms, compared to $0.25 billion in May this year and $0.97 billion in June last year.
According to the NBU’s website, compared to May, cash purchases increased by $11.6 million to $1 billion 796.1 million, while sales decreased by $30.2 million to $1 billion 474.2 million.
The NBU clarified that in June, households bought $1 billion 158.3 million less in cash than in May, and sold $1 billion 114.7 million less, down $56.5 million.
At the same time, household purchases of cash euros increased by $62.5 million in dollar terms in June, to $577.2 million, while sales increased by only $6.2 million, to $301.2 million.
As for non-cash foreign currency, in June, purchases by households decreased by $11.0 million to $307.5 million, while sales increased by $3.4 million to $347.3 million, which increased the positive balance in this market to $39.7 million.
As for bank clients’ transactions with non-cash foreign currency, both purchases and sales decreased in June compared to May: purchases fell by $181.9 million to $8 billion 371.3 million, while sales decreased by $244.8 million to $6 billion 349.8 million.
Interbank transactions in June increased by $221.8 million to $6 billion 255.2 million compared to May.
Compared to June 2024, purchases of non-cash foreign currency by bank customers increased by $175.6 million, while sales decreased by $411.2 million. At the same time, transactions between banks increased by $614.0 million.
In the cash foreign exchange market, the hryvnia exchange rate did not change significantly in June compared to May, and the official hryvnia exchange rate weakened by only 11 kopecks to 41.64 UAH/$1. June was characterized by very close values of the cash and non-cash exchange rates, and on some days the dollar was cheaper on the cash market.
At the same time, due to the dollar’s decline on the global currency market, the euro appreciated significantly again in June in Ukraine, for example, by UAH 1.98 to UAH 48.78/EUR1 at the official exchange rate.
In June, the National Bank’s net foreign exchange interventions increased to $2.961 billion from $2.923 billion in May this year, but this is slightly less than $2.986 billion in June last year.
The cost of construction in Ukraine has risen by 70% since the start of the full-scale war, according to Andriy Ozeychuk, chairman of the board of directors of the Ukrainian Steel Construction Center, in a blog post for the Interfax-Ukraine news agency.
In 2024 alone, the cost of building materials and services rose by 24%, which significantly affected the cost structure of new projects.
Rauta is a leader in the Ukrainian steel construction market and a member of the European Construction Industry Association. The company provides design, manufacturing, and installation solutions in accordance with current EU standards. The company is licensed to perform construction work with medium and significant consequences (CC2, CC3). According to the Unified State Register, Andriy Ozeychuk owns 100% of the company’s authorized capital.
The Ukrainian construction market grew by 20% in 2024 compared to the previous year, reaching about UAH 200 billion (EUR 4.6 billion), said Andriy Ozeychuk, director of Rauta, in his column for the Interfax-Ukraine news agency.
According to him, demand for new housing increased by 7% thanks to the state program “єОселя” (eHome), and the largest investments in the commercial real estate sector were concentrated in warehousing, manufacturing, and retail facilities.
The segment of reconstruction and protection of critical infrastructure accounted for about 20% of the market volume.
Rauta is a leader in the Ukrainian steel construction market and a member of the European Construction Industry Association. The company provides design, manufacturing, and installation solutions in accordance with current EU standards. The company is licensed to perform construction work with medium and significant consequences (CC2, CC3). According to the Unified State Register, Andriy Ozeychuk owns 100% of the company’s authorized capital.
The National Bank of Ukraine (NBU) last week, almost in the absence of currency purchases, reduced its sale on the interbank market by $213.5 million, or 24.4% – to $661.1 million. According to the National Bank’s data on its website, the cash market recorded its first surplus of $2.8 million over the weekend and Monday, but in the following days dollar purchases again exceeded sales by $20-33 million daily.
The official hryvnia exchange rate fell slightly over the week – from 41.6409 UAH/$1 to 41.7341 UAH/$1, while due to the weakening of the dollar on the international market, the euro rose in price more strongly – from 48.7823 UAH/EUR1 to 49.1210 UAH/EUR1, and on July 2 reached a new record – 49.4093 UAH/EUR1.
In the cash market, the dollar appreciated by only 2 copecks on the results of the week. – to 41.6/41.7 UAH/$1, while the euro appreciated by up to 10 copecks. – 49.35/49.53 UAH/EUR1.
“Short-term (1-3 weeks) is likely to fluctuate within the range of 41.30-42.00 UAH/$1 without going beyond 42.10 UAH/$ in the absence of external shocks or short-term situational surges”, – predict experts of a major participant of the cash currency exchange market “KYT Group”.
In their opinion, medium-term (2-4 months) return to the levels of UAH 42.00-42.50/$1 is possible in case of strengthening of import demand, increase of budget payments or realization of risks with financing or change of expectations and moods of the population and market operators.
As for the euro, KYT Group believes that in the short term, taking into account external factors and stable demand, the euro exchange rate may head towards the corridor of UAH 49.00-49.50/EUR1 with a possible breakthrough to UAH 50.00/EUR1, if it receives additional external drivers.
Medium-term, the European currency is likely to go above UAH 50.00/EUR1, especially if the euro remains at a global high and the current international drivers of its growth are maintained.
“Keep your focus on the euro. If your business model provides for expenses or revenues in euro, it is worthwhile to revise the structure of currency risk already now, to put a margin of safety in contracts or to test possible scenarios of the exchange rate breakout above UAH 50/EUR1”, – the company believes.
Source: https://interfax.com.ua/news/projects/1083979.html
