Business news from Ukraine

Business news from Ukraine

Ukrainian Weather Center has issued storm warning for tomorrow

The Ukrainian Weather Center warns of natural meteorological phenomena in Ukraine on November 27.

“On November 27, wind gusts of 17-22 m/s (I hazard level, yellow), gusts of 25-30 m/s at night and in the morning (except for the western, Zhytomyr, Vinnytsia and Sumy regions), blizzards (II hazard level, orange); heavy snow (I hazard level, yellow) in Kyiv, Kirovohrad and Poltava regions, heavy snow, snow drifts (II hazard level, orange) in Chernihiv, Sumy and Cherkasy regions. There is ice cover on the roads of the country (I level of danger, yellow),” the Ukrainian Weather Center said in a storm warning.

Ukrainian cement should become key material for reconstruction – Ukrcement

Ukrainian-made cement should become a key material for reconstruction, and at the peak of reconstruction the market could reach 15 million tons of products, or more than $1 billion a year, according to Ukrcement.

“In the production of building materials, we can really compete with foreign producers by taking advantage of logistics. In addition, the average price of cement in Ukraine is more than 30% lower than in other Central and Eastern European countries. Tales of “cheap imports” are just private interest,” the association said.

At the same time, the cost of cement has increased significantly over the past three years. According to Ukrcement, since 2020, the cost of energy has increased by more than 200%, coal by 280%, and transportation by 317%. At the same time, energy and logistics account for 72% of the cement production cost structure.

The association believes that the state has two main tasks in managing the recovery: maximum transparency in the selection of contractors and localization.

The potential of Ukraine’s cement industry is 13.6 million tons of cement annually, said Lyudmyla Krypka, executive director of the Ukrcement Association. At the same time, companies are preparing for consumption growth and are planning to expand their capacities.

“The cement industry is probably the only heavy industry in Ukraine where players have modernized their production facilities to meet the quality and ensure the required production volumes. We are preparing for a possible increase in cement consumption. At least two companies already have plans to build additional clinker kilns,” the expert told Interfax-Ukraine.

Ukrcement Association was established in January 2004 through the reorganization of the Ukrainian Concern of Cement Industry Enterprises and Organizations Ukrcement.

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Ukrainian customs officers start using body-worn video recorders in their work

The State Customs Service (SCS), with the support of the EU Advisory Mission, is implementing a pilot project at the Rava-Ruska-Krebenne checkpoint to use individual portable video cameras during customs clearance, the service reported in a Telegram message on Friday.

“The body-worn video recorders operate with the ability to record and store video images in encrypted form, in particular in night mode. Also, the technical characteristics of the DVRs make it impossible for an inspector or an unauthorized person to delete information,” the statement said.

It is expected that the use of video recorders in the work of customs authorities will strengthen the prevention of smuggling, violation of customs rules, prevention of abuse of office, corruption, as well as protection of officials from slander and accusations of unscrupulous entrepreneurs.

It is noted that at the pilot project stage, body-worn video recorders are being tested in the area of Lviv Customs at the Rava-Ruska-Krebenne checkpoint: customs officers have 62 body-worn recorders there.

The possibility of further deploying the project at other checkpoints is also being considered.

Concorde Capital Investment Company invested UAH 200 mln in cottage town near Kyiv

Investment company Concorde Capital has invested about UAH 200 million in the project of cottage town “O.Krasa” in Irpen and allows further investment, the head of Concorde Capital Igor Mazepa told Forbes Ukraine.

“Under UAH 200 million (already invested – IF-U). I hope that this is all. But in fact I would proceed from the fact that potentially we will have to invest the same amount more. This is our first investment in the project from scratch since the beginning of the war,” Mazepa said.

According to him, the investment company is implementing the project together with the developer Svitlo Development of businessman Sergei Krikun and the construction group “Vidvazhnyh” ex-mayor of Irpen Vladimir Karplyuk and his business partner Vladimir Spivak.

“We came together on pure business interest. Karplyuk is a comfortable and understandable partner. The plot and the idea is his, from me – money and formation of working capital,” he explained.

Mazepa pointed out that currently 50 objects are under construction, 32 of which have already been sold. In total, the first phase includes 200 objects of various formats: townhouses, townhouses, duplexes, cottages.

“After the beginning of the war in Irpen registered 15 thousand migrants from the east of Ukraine. Now there may be more. 2 thousand houses or apartments were destroyed or damaged because of the hostilities. We proceeded from the assumption that with our offer we will be able to meet the demand of both native and new residents of Irpen. This assumption is still being realized”, – said the businessman, noting that about one third of the objects in the project are adapted for participation in the “eOsela” program.

Answering the question about cement business, Mazepa pointed out that the production volume of two plants of the company “Krivoy Rog Cement” at the end of the year will be about 780 thousand tons with a capacity of 1.6 million tons. He said that Concorde Capital plans to make capital investments of “tens of millions of dollars” in this area, including reducing the share of coal in energy consumption through processing, as well as expanding capacity to 2 million tons of cement per year.

According to LUN, the area of the cottage town “O.Krasa” is 60 hectares. In addition to housing, the territory will accommodate cafes, stores, public and recreational spaces, children’s center and school, SPA-center and sports grounds, business center and co-working, medical center “Dobrobut”.

The project was developed by the architectural bureau “Modus”. Completion of the first district of the town is scheduled for the summer of 2025.

EU allocates EUR 50 mln to Ukraine to rebuild ports

The European Union will allocate 50 million euros to Ukraine to restore port infrastructure damaged by Russian attacks, European Commission President Ursula von der Leyen said.

“Despite the war, Ukraine continues to feed the world. You can count on the European Union in these efforts. We are continuing to expand our Solidarity Lines and will provide €50 million to repair your port infrastructure,” von der Leyen wrote on Twitter (X).

“Together we will send Ukrainian grain to the world,” she added.

Her post on the social network was accompanied by the text of a letter addressed to Ukrainian President Volodymyr Zelenskyy.

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On night of November 27, heavy snow is expected in northern and central regions of Ukraine

On the night of Monday, November 27, moderate snow is expected in Ukraine (at night in most northern and central regions there will be heavy snow, sometimes heavy snow, snow drifts, blizzards), in the southeastern part there will be sleet with rain, sometimes ice; in the western, daytime and most southern regions there will be light snow. There is ice on the roads, the Ukrainian Weather Center reported.

Northwest wind, southwest in the eastern regions, gusts of 17-22 m/s, at night and in the morning in Ukraine, except for the western, Zhytomyr, Vinnytsia and Sumy regions, 25-30 m/s.

The temperature in the western regions at night will be 4-9° below zero, during the day 0-5° below zero; in the northern and central regions at night and during the day 2-7° below zero; in the rest of the territory during the day from 4° below zero to 2° above zero, in the Crimea 1-6° above zero.

In Kyiv, on Monday night, heavy snow, moderate snow during the day; blizzards, snow drifts, ice on the roads, gusts of northwest wind of 17-22 m/s, 25 m/s at night. The temperature at night and during the day will be 2-4° below zero.

According to the Borys Sreznevsky Central Geophysical Observatory. On November 27, the highest temperature during the day was 14.4 in 1898, and the lowest at night was -21.9 in 1890.

On Tuesday, November 28, at night in the northeastern regions, in Transcarpathia and the Carpathians, during the day in the western regions, light snow, in Odesa and Mykolaiv regions light rain, in the rest of the territory without precipitation; temperature at night 5-10° below zero, during the day 1-6° below zero, in the south 3-8° above zero, in the Crimea up to 11°.

Southeast wind with a shift to the west, 7-12 m/s.

On the roads of the country, except in the south, there is ice.

In Kyiv on Tuesday, no precipitation, southeast wind, 5-10 m / s, temperature at night 6-8 ° below zero, during the day 1-3 ° below zero. There will be ice on the roads.