TwinSocks (Kovel, Volyn region), a distributor and manufacturer of hosiery products, plans to create an industrial park (IP) for the processing of industrial hemp, according to Dmytro Kysilevsky, deputy chairman of the parliamentary committee on economic development.
“TwinSocks has announced its intention to create an industrial park specializing in the processing of technical hemp,” he wrote in a news digest about industrial parks for May on Facebook on Monday.
In turn, the Volyn Regional State Administration reported on Facebook that last Thursday, during a discussion of the prospects for industrial parks in Volyn, Bogdan Konopatsky, managing director of TwinSocks LLC, announced plans to create such a park.
“TwinSocks, a family business with 25 years of experience in Volyn and Rivne regions, is preparing to take a new step – to develop an eco-industrial park focused on the processing of technical hemp,” the statement said.
The Volyn Regional State Administration notes that industrial hemp, which is legally permitted to be grown in Ukraine, could become the basis for a new processing industry: from cultivation to a complete production cycle and the creation of textiles.
“Why is this profitable? The government receives tax revenues, and businesses receive incentives and a platform for scaling up,” Konopatsky said in the statement.
The Regional State Administration also reports that the idea of creating an eco-industrial park has been supported by entrepreneurs and representatives of the Chamber of Commerce and Industry, in particular, Vitaliy Kyrychuk from the CCI noted that the processing of technical crops is one of the most promising areas, and Volyn may well become a pilot region in this direction.
The hosiery manufacturer TM “TwinSocks” has been operating in Ukraine since 2004. Its product range includes men’s, women’s, and children’s socks and tights. The company has brand stores in Lutsk, Kovel, and Rivne.
As reported, in May this year, a technical hemp processing plant began operating in the Ma’Rizhany industrial park (Zhytomyr region).
Kysilevsky also announced, in particular, the approval by the Zhmerynka City Council (Vinnytsia region) of the concept of the Bril Park industrial park near the village of Brailiv.
According to the city council’s website, the park will focus on agro-processing, food industry, fruit and vegetable processing, energy generation (electricity, heat, cooling), logistics, and construction materials production.
The park will also be open to companies that have been forced to relocate from frontline areas due to the war.
Albania is considering importing beef, lamb, and processed products from Ukraine, and also wants to increase exports of root vegetables to the Ukrainian market, according to the Ministry of Agrarian Policy and Food following a meeting between its head, Vitaliy Koval, and the Ambassador of the Republic of Albania to Ukraine, Ernal Fil.
The minister noted that in 2025, Ukraine shifted its state policy towards livestock farming and began to increase the production of cattle, red meat, and processed products, which attracted the interest of Albania, where demand for meat products has grown due to an increase in tourism.
“Albania is interested in importing meat (beef and lamb) and processed products from Ukraine. At the same time, they want to increase the supply of root vegetables to the Ukrainian market, especially in February-May, when we have less of our own. To do this, certain trade procedures between the countries need to be simplified,” Koval said.
The parties agreed at the ministerial level to discuss steps to strengthen cooperation in the agricultural sector at the embassies.
The head of the Ministry of Agrarian Policy emphasized that, in addition to cooperation in the agricultural sector, Ukraine and Albania have many points of contact. In particular, the agricultural sector accounts for a significant share of GDP in both countries and provides employment for a large number of people.
To intensify cooperation, Koval proposed holding the inaugural meeting of the Ukrainian-Albanian Joint Commission this year.
Alexander Buryak and Sergey Buryak have announced their intention to acquire 49,995 thousand shares, or 24.995% of the shares of Brokbusiness-Zhizn JSC (Kyiv), which specializes in providing insurance agent and broker services.
According to the OpenDataBot website, Brokbusiness-Zhizn was registered on November 15, 2007. The main shareholder is SK BBS Insurance, which owns 99.9% of the shares. The authorized capital is UAH 20 million.
In addition, Alexander Buryak announced his intention to acquire 23.125% of the shares of PJSC “Closed Undiversified Venture Corporate Investment Fund ”Brockbusiness.”
According to the OpenDataBot website, the fund was established in 2008. Its shareholders are IC “BBS Insurance” (24.454%), LLC ‘Parasol’ (7.954%), and LLC “Financial Company ”BLK” (20.469%).
The authorized capital is 84.3 million hryvnia.
Ukrainian developer RIEL has announced the start of sales for six new residential projects in Lviv and Kyiv. Four of them are located in Lviv. Three complexes — Big Ben, Hyde Park, and Harry — complement the company’s classic portfolio. Another project, Father, became the first in the city to represent the conceptual Riel Family Style line, which emphasizes family values and a special atmosphere of comfort.
“The total area of new projects in Lviv is almost 300,000 square meters. And despite the fact that we are the city leader, RIEL is not resting on its laurels and continues to improve its approaches to creating high-quality urban space,“ said RIEL CEO Rostislav Melnyk. ”That is why we have developed a new format within the comfort class and implemented it in the Riel Family Style concept. We have made sure that as many aspects of family life as possible are taken into account in your living space.“
In particular, the modern Big Ben is a well-thought-out multifunctional space for people of the ”new way of thinking,” interpreting the traditional gallery-style housing of Lviv. Here, every element, from the architecture to the atmosphere, is designed for everyday enjoyment of life.
“Galleries, green areas with fountains, playgrounds, and a paddle tennis court—everything to make every day feel like Friday and neighbors become friends from the second day of meeting!”, the residential complex’s website states.
The developer’s next project in Lviv is the Hyde Park club house, where wellness is at the heart of the concept. The complex is being built next to Shevchenkivskyi Hai Park and will have the first 25-meter swimming pool in Lviv. The complex will offer 1,200 m² of space for sports, self-care, and relaxation, with a spa area and mini-golf and paddle tennis courts.
“Hyde Park is an ecosystem for rejuvenation. We have created a private space for people who value a healthy and balanced lifestyle. The infrastructure, nature, and architecture exist in harmony and fill you with energy. Away from the hustle and bustle of the city and close to a park, we have designed an environment for those who value balance in life,” the developer says on the official website of the residential complex.
The business-class residential complex near the city center, Harry, will have its own English garden with places for active and peaceful recreation and a club area for residents’ leisure. The club status of the Harry complex is emphasized by its closed territory and attention to detail, from the exquisite design of the entrance to the arrangement of common areas.
“Harry has a small number of floors and a limited number of apartments, which means fewer neighbors and more space for the comfort of each resident. The internal infrastructure has been thought out to the smallest detail: modern security systems, energy-efficient technologies, and high-level service create an atmosphere of true comfort,” says the developer.
The Father residential space, located in a cozy area not far from the center, combines privacy and accessibility to urban infrastructure. As noted on the complex’s website, it is ideal for young families and couples who want comfort and safety for themselves and their children. Father was created based on the Riel Family Style concept.
“Here you can easily find everything you need for a harmonious life: a quiet courtyard for games, proximity to educational institutions, and an atmosphere of security, where every detail has been thought out to the smallest detail.”
“Before the start of sales, we held a series of closed presentations for real estate agencies and realtors, shared details about the projects, heard the first reviews, and secured the support of our partners. Today, the new complexes are already on the market, with clear communication and a readiness to respond to people’s requests,” concluded Rostislav Melnyk.
As a reminder, the total area of RIEL’s new projects in Lviv and Kyiv will exceed 500,000 square meters — 282,000 in Lviv and 285,000 in Kyiv. As of today, RIEL has completed all of its projects in Kyiv that were started before 2022 and has maintained its leading position in Lviv. In the first quarter of 2025, the developer commissioned over a thousand apartments.
You can find out more about each project, view the floor plans and purchase terms on the developer’s official website riel.ua.
Source: https://interfax.com.ua/news/press-release/1075139.html
Kernel, one of Ukraine’s largest agricultural holdings, reported net income of $41 million in the third quarter of fiscal year 2025 (January-March 2025), compared with $101 million in the same period of fiscal year 2024.
According to the quarterly report published on the company’s website, Kernel’s consolidated revenue in the third quarter of FY 2025 reached $1.145 billion, up 14% compared to the same period last year, but remained at the previous quarter’s level.
“These results were achieved thanks to high sales prices, and the increase in grain exports offset the decline in revenues from the sale of bottled oil,” the company explained.
The group’s sales expenses increased by 27% compared to the same period last year, to $984 million, due to higher raw material costs and reflecting increased competition for raw materials and supply constraints.
Gross profit for the third quarter of fiscal year 2025 was $137 million, down 34% from the same period last year, reflecting lower margins in the oilseed processing and infrastructure and trading segments.
Kernel also notes that during the reporting period, the company’s EBITDA amounted to $110 million, which is 6% less than in the previous quarter and 31% less than in the previous year. At the same time, the oilseed processing segment generated EBITDA of $36 million, down 26% from the previous year, due to lower sales volumes and margin compression as a result of a relatively low sunflower seed harvest in Ukraine.
EBITDA for the Infrastructure and Trade segment fell by 46% compared to the same period last year, to $62 million, of which $26 million was generated by Avere’s trading activities, and the remaining $36 million was earned from the value chain of grain and edible oil exports in Ukraine, The main factors affecting the results were export terminals and grain trading operations.
It is noted that in the third quarter of fiscal year 2025, the Agriculture segment recorded EBITDA of $34 million, 2.1 times more than last year. This figure also includes non-cash losses of $24 million related to the revaluation of biological assets, compared to losses of $25 million last year.
According to the report, cash inflows from investing activities amounted to $25 million (in the third quarter of 2024, there was an outflow of $127 million), mainly reflecting $46 million in proceeds from the sale of financial assets previously used to manage excess liquidity, while $19 million was used to purchase fixed assets.
Kernel notes that during the reporting period, after the peak of working capital financing, it repaid a significant portion of its debt, including full repayment of its debt to the EBRD and pre-export financing for sunflower oil, as well as early repayment of part of its outstanding debt to the EIB.
As a result, during January-March 2025, the group’s debt obligations decreased by $190 million to $755 million. In addition, the company received an extended waiver from one of its long-term lenders, which is valid until June 30, 2026.
This allowed Kernel to reclassify them as non-current liabilities, which improved financial stability. As of March 31, 2025, the group’s cash balance was $549 million, down 11% from the previous quarter. This led to a 37% reduction in net debt on a quarterly basis to $206 million.
The company also notes that for the third quarter of 2025, commodity inventories decreased by 16% to $371 million as of March 31, 2025.
The report also indicates that for the first nine months of this fiscal year, Kernel increased its net profit by 7% to $218 million, with revenue growing by 19% to $3.092 billion, and EBITDA increasing by 4% to $398 million.
Before the war, Kernel was the world’s leading producer of sunflower oil (about 7% of global production) and its exporter (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. In addition, it is engaged in the cultivation and sale of agricultural products.
Ukrainian developer RIEL continues to improve its approaches to urban space creation and has announced the start of sales of six new residential projects in Kyiv and Lviv with a total area of over 560,000 square meters. As part of the Riel Family Style concept, sales of the first complexes have started in the capital—the Brother and Sister residential complexes on the Left Bank, in areas with active new development, close to major transport arteries, water bodies, and convenient access to the center.
Visualization of Brother residential complex, Kyiv
“Today’s buyers need a safe, comfortable, and well-organized environment with high-quality infrastructure nearby. At the same time, it is not only about improving people’s physical well-being, but also about balancing their psychological state. It is very important that the living space contributes to the creation of a community,“ said Rostislav Melnyk, CEO of the company. ”That is why we have developed a new format within the comfort class and implemented it in the Riel Family Style concept. We have made sure that as many aspects of family life as possible are taken into account in the living space.”
“Brother and Sister living spaces are much more than just residential complexes. We are creating a living community built around family happiness,” commented the company’s CEO.
Each project has its own character with well-designed courtyards, modern infrastructure, and compliance with technological standards. An important element of the architectural design for both projects is the concept of a playground—a space where everyone can find a place to play, socialize, and express themselves.
“In the Brother project, this idea was realized through a well-designed pedestrian promenade that runs through the entire neighborhood. In Sister, the inner courtyards are divided into closed areas, each with its own theme, including playgrounds for the little ones, a sports courtyard, a garden courtyard, as well as open areas for walks and social interactions, such as an activity park with a stadium, a relaxation area with a yoga space, and a children’s park. It is this mix of privacy and openness that should provide a balanced environment for comfortable living,” the project website states.
Visualization of the Sister residential complex, Kyiv
The total area of new projects in the capital is almost 300,000 square meters.
According to the results of its work in 2024, the developer RIEL commissioned 1,989 apartments (1,454 in Lviv, 535 in Kyiv), and in the first quarter of 2025, it commissioned over a thousand more apartments. As of today, RIEL has completed all of its projects in Kyiv that were started before 2022 and has maintained its leading position in Lviv.
You can learn more about each project, view the floor plans, and purchase terms on the developer’s official website at riel.ua.
Source: https://interfax.com.ua/news/press-release/1075159.html
