Business news from Ukraine

Business news from Ukraine

Passenger flow through western border of Ukraine in September 2024, thousand

Passenger flow through western border of Ukraine in September 2024, thousand

Source: Open4Business.com.ua

Canada has extended duty-free access for Ukrainian goods for another year

Canadian Minister of Finance and National Revenue François-Philippe Champagne announced that Canada will extend the Order exempting Ukrainian goods from duties until June 9, 2026, according to the Canadian government’s website

“Canada remains unwavering in its support for Ukraine as it fights to defend its sovereignty, territorial integrity, and democracy. The conflict, initiated by Russia with the support of Belarus, continues to seriously affect Ukraine’s economy, including its ability to export goods to global markets,” the Canadian Ministry of Finance said in a press release. The document recalls that last month in Banff, Alberta, G7 finance ministers and central bank governors unanimously reaffirmed their unwavering support for Ukraine.

“Canada continues to support Ukraine’s economy by extending duty-free access for Ukrainian goods to Canada for one year,” the statement said.

Since the issuance of the Order exempting goods from Ukraine from duties on June 9, 2022, Canada has imported more than $35 million worth of these goods, with $8.5 million in customs payments waived. It is expected that approximately $1.2 million in customs duties will be refunded between June 10, 2025, and June 9, 2026.

The order exempting Ukrainian goods from customs duties came into force on June 9, 2022, for an initial period of one year, after which it was extended annually. The order temporarily suspends customs duties on imports of Ukrainian goods.

Real estate market review in May 2025: data from DIM.RIA

The DIM.RIA marketplace for verified real estate analyzed

the situation on the primary, secondary, and rental housing markets in Ukraine in May

2025. The report presents the dynamics of prices, supply, and demand compared

to April 2025 and May last year.

Primary market

Supply

In May, the share of operating sales departments for new buildings

remained unchanged at 77%. During the month, four new buildings

(5 sections) were commissioned during the month: two in the Lviv region, one in the Kyiv region, and one in the Zakarpattia region.

The highest share of completed projects among all new buildings was recorded in the Rivne

(62%), Zaporizhzhia (56%), and Odesa (54%) regions.

Prices

Prices in the primary market in most regions are showing

growth. The highest price increases were recorded in the Chernihiv (+8%),

Zhytomyr (+8%), and Kyiv (+6%) regions. Only Kirovohrad showed

a decrease, averaging 5%. Kyiv remains the most expensive city, with an average

price of $1,409/m². The cheapest new buildings are in the frontline regions: Zaporizhzhia,

Sumy, and Mykolaiv.

Demand

The most noticeable growth in interest in new buildings

was observed in the Ternopil region (+22% compared to April). At the same time,

a significant decrease in demand was recorded in the Sumy (-25%) and Dnipropetrovsk

(-17%) regions.

Secondary market

Supply

The largest number of advertisements for the sale of secondary housing in

in May came from the Volyn, Rivne, and Mykolaiv regions.

Prices

According to the DIM.RIA marketplace, during May, the average

cost of one-room apartments continued to grow in most regions of Ukraine.

The largest increase was recorded in the Kherson region (+16%), although it remains

the cheapest for this type of housing.

The most expensive housing is in the capital: the cost of a one-room

apartment in Kyiv reaches $92,400. In terms of districts, Pechersky remains

the most expensive (almost $132,000), and Desniansky is the most affordable ($45,000).

Demand

In May, users were most actively searching for secondary

real estate in the Khmelnytskyi, Odesa, and Volyn regions.

The ratio of the number of purchase listings to the number of

responses to them in May in Kyiv was 1:3, with only the Odesa region having a lower ratio —

1:2. In the Vinnytsia region, it was 1:18, in the Ternopil region — 1:16, and

in the Mykolaiv region — 1:15.

Rental market

Supply

According to DIM.RIA analysts, the rental market was

unstable in May. The largest number of new listings appeared in the Chernivtsi (+35%) and

Zakarpattia (+29%) regions. In contrast, in Kirovohrad, the number of

offers decreased by 40%. In Kyiv, the decline was 22% compared to April.

Prices

Kyiv remains the most expensive city for rent:

the average cost in May was 18,200 UAH, which is 4% more than in

April. The most expensive apartments are in the Pecherskyi district — 26,300 UAH, and the cheapest are

in the Desnianskyi district (10,900 UAH).

In most regions, rental prices changed by

a few percent, with the exceptions of Zakarpattia and Ternopil regions (an increase of

11%), Cherkasy (-11%) and Chernihiv (-15%).

Demand

In May, users were actively looking for rental housing:

according to data from the DIM.RIA analytical center, interest was observed in almost

in all regions of Ukraine. The ratio of rental ads to

responses in May in Kyiv was 1:6, while in most

regions these figures differed several times over.

The full analytical

report and high-quality images are available at the link!

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On June 10, Lavra Art Gallery in Kyiv will host opening of exhibition of contemporary surrealism and symbolism

On June 10, at 6 p.m., the large exhibition hall of the Lavra Art Gallery in Kyiv will host the opening of the first group exhibition of contemporary surrealism and symbolism in Kyiv.

More than 20 young Ukrainian artists will take part in the project “A Look Through Reality.” This interdisciplinary art event will combine painting, sculpture, audiovisual art, live music performance, and breaking art performance. The project was created in collaboration between the Lavra Gallery and the Plemya.Art formation.

The art event invites visitors to delve into the world of human consciousness and its interaction with reality. The exhibition explores how each person perceives the world around them through their own “prism” of life experiences, emotions, memories, and dreams.

Moments of our lives — upbringing, travel, interaction with society, loss, art, literature, and even short conversations — shape the light we radiate outward and strive to show this inner glow through a combination of different art forms. The dialogue between the conscious and the subconscious through symbolism and surrealism allows us to explore the inner states, emotions, memories, and dreams that shape our perception of the world.

The artists participating in the project use surrealism and symbolism to reflect the boundaries of the interaction between the inner world of a person and external reality. The works include elements of social criticism, the study of symbols and archetypes, their meaning and role in shaping the perception and understanding of the world. Painting, sculpture, audiovisual art, and music come together to create an interactive and multi-layered artistic environment. The interaction between the inner world of a person and external reality will be revealed through the works of artists and interactive performances.

The main goal of the event is to support young Ukrainian artists who create art in wartime. It also aims to raise funds for the rehabilitation of war victims in collaboration with the Legacy of War Foundation for the modern U+System center.

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Electricity prices for non-household consumers in 2022-2024, uah/mwh

Electricity prices for non-household consumers in 2022-2024, uah/mwh

Source: Open4Business.com.ua

Ukrzaliznytsia successfully resumed online scrap metal auctions

Ukrzaliznytsia (UZ) held its first successful online scrap metal auctions after a hiatus of more than a year and a half, according to the Prozorro.Prozori system.

According to a press release on Friday, June 5, Ukrzaliznytsia held online auctions for the sale of scrap metal on the state electronic trading system Prozorro.Prozori. These are the first auctions after a hiatus of more than a year and a half.

It is specified that of the 33 lots of ferrous metal scrap put up for auction, seven were distributed, with participants competing for them. On average, three participants competed for Ukrzaliznytsia’s scrap.

The cost of the lots at the auction started at almost UAH 11.9 million, and according to the results of the auction, the winners will have to pay almost UAH 13 million for them. Ukrzaliznytsia will receive the most money from the sale of 300 tons of scrap from railway wheel axles – over UAH 2.3 million.

As reported by the Interfax-Ukraine agency, on June 5, 2025, an auction was held for the sale of ferrous metal scrap (type 4, lot weight – 142.608 tons) with a starting price of UAH 1 million 29 thousand. The auction was won by NDMZ LLC, and the lot was sold for 1 million 240 thousand 689.60 UAH.

In addition, on June 5, an auction was held for the sale of ferrous metal scrap (type 213, lot weight – 300 tons) with a starting price of UAH 2.80 million excluding VAT. The auction was won by ZAKHID-TEKHNOMEDBUD LLC, and the lot was sold for UAH 2 million 318.1 thousand.

An auction was also held for the sale of ferrous metal scrap (type 3 (axles), lot weight – 200 tons) with a starting price of UAH 1.520 million excluding VAT. The auction was won by ZAKHID-TEKHNOMEDBUD LLC – lot sold for UAH 1 million 790.001 thousand.

On Thursday, an auction was also held for the sale of ferrous metal scrap (type 10, lot weight – 320 tons) with a starting price of UAH 1 million 702.4 thousand excluding VAT. The auction was won by UKRPOUTBRUKHT LLC – the lot was sold for UAH 1 million 920.001 thousand.

Successful bidding also took place for other scrap lots.

In addition, it was reported that the auctions scheduled for May 26 of this year did not take place due to the lack of bids from participants.

Prozorro.Prozori is a joint-stock company, 100% of whose shares are owned by the state represented by the Ministry of Economy. Prozorro.Prozori operates an electronic trading system for online auctions for the sale and lease of public assets, including the property of Ukrzaliznytsia.

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