Business news from Ukraine

Business news from Ukraine

Cabbage prices in Ukraine have reached record high

Prices for white cabbage in Ukraine have once again started to rise this week. According to the daily monitoring data of the EastFruit project, by the end of January, many producers have sold out most of their stocks. In addition, there are almost no medium and low quality vegetables left on the market.

Thus, today the selling prices for white cabbage in farms have already risen to UAH 34-40/kg ($0.81-0.95/kg), depending on the quality and volume of offered batches of products, which is on average 15% more expensive than at the end of the last working week. It is cabbage that again topped the rating with the highest prices among all items of borscht set in Ukraine!

Given the rapid decline in cabbage stocks in farms, farmers began to restrain sales of quality vegetables, which led to another price hike this week. This information is confirmed by wholesale companies, which note a general reduction of cabbage offers on the market.

It should be noted that today the prices for white cabbage in Ukraine are already on average 3.7 times higher than in the same period last year. At the same time, the majority of market participants do not exclude the possibility of further rise in prices for this product, and, in their opinion, the rate of price growth will accelerate as the stock of this product in households is reduced.

You can get more detailed information about the market development of white cabbage and other horticultural products in Ukraine by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product can be found here.

Source: https://east-fruit.com/novosti/czeny-na-kapustu-v-ukraine-dostigli-novyh-rekordnyh-40-grn-kg/

DTEK Kyiv Grids invested UAH 1 bln in grid modernization

Over the past year, DTEK Kyiv Grids has repaired and reconstructed 797 power facilities and 62 km of power lines and carried out 5,000 repairs of cable lines, investing almost UAH 1 billion in these projects.

“This helped to increase the resilience of the capital’s power grids to the challenges of enemy attacks and lay the foundation for a successful heating season,” the company said on its website on Wednesday.

According to the company, to prevent possible accidents, DTEK Kyiv Electricity Networks specialists carried out routine and emergency measures, in particular, repaired more than 46 km of power lines and 731 power facilities, and cleared more than 158 km of routes under power lines to prevent wire breakage due to bad weather.

Implementing its own investment program, which involves the overhaul of existing facilities or the construction of new ones, DTEK Kyiv Grids reconstructed one high-voltage substation, eight distribution points, 44 transformer points and 15 kilometers of cable networks in 2024. In addition, the company upgraded 13 high-voltage substations.

Thus, the quality and reliability of electricity supply was improved for 70 thousand families in the capital.

“Despite the challenges of wartime, we keep our existing electrical equipment in good working order and maintain it on time. We are also gradually implementing a program of technical re-equipment and modernization. In particular, in 2024, we allocated almost UAH 1 billion for such projects,” said Denys Bondar, CEO of DTEK Kyiv Grids.

In 2024, the company’s specialists also installed almost 39 thousand smart meters in the homes of Kyiv residents.

As reported earlier, in 2024, DTEK Grids’ distribution system operators repaired and reconstructed 14.1 thousand kilometers of power lines and more than 6 thousand power facilities, which is 80% more than in 2023.

“DTEK Grids is developing the electricity distribution and power grid operation business in Kyiv, Kyiv, Dnipro, Donetsk and Odesa regions. The company’s DSOs serve 5.5 million households and 158,000 enterprises.

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“ArcelorMittal Kryvyi Rih” is expanding range of steel billets for export

ArcelorMittal Kryvyi Rih’s Kryvyi Rih Mining and Metallurgical Plant (AMKR, Dnipro region) has mastered the production of a new type of billets with a size of 160×160 mm in the continuous casting department of its converter shop to increase exports.

As reported in the corporate newspaper Metallurg, until recently, the department’s product mix was limited to 130×130 and 150×150 mm square billets. The new product was launched due to its economic advantages and export potential, as the 160×160 mm size is used by rolling mills in many countries.

The project was successfully implemented thanks to careful calculations, equipment modernization and well-coordinated teamwork. These products will enable the production of heavier rebar coils, which will reduce transportation costs and increase the company’s competitiveness.

The company explains that VBRS products are steel billets used in rolling mills to make rebar, wire rod, angles and other rolled products. And the billets themselves are in demand on the market.

“Rebar in coils is currently in demand on global markets. Our DS 250-4 mill produces bobbins in coils up to 2 tons. And 30 such coils can be placed in a railroad car, i.e. 60 tons. If we increase the weight of the coils, we can transport up to 67 tons of products in a railroad car. This means that we can save a lot of money on transportation, which is especially important given that transportation prices are rising. That’s why we needed more massive billets to produce heavier coils,” said Igor Smolev, Deputy Director of the Rolling Department for Technology and Quality.

In turn, Dmitry Terekhov, Director of the Iron and Steel Production Department, said that the second good reason to start manufacturing new products was that many rolling mills in the world, in particular in Germany and Poland, use 160×160 mm billets, so this is a very promising product right now.

“Together with the technical department, we explored the possibilities of producing the billets in demand and found that it was possible, despite the fact that our continuous casting machines (CCMs) were not designed for this. We decided to use CCM-1 because it produced only 150 mm squares, while the first and second machines produce both 150 mm and 130 mm. The first machine is also used for closed jet casting, so it is on this machine that we produce the vast majority of billets from high value-added steel grades (high-alloy, low-carbon, etc.),” Terekhov stated.

“ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in long products, including rebar and wire rod. The company has a full production cycle and its production capacities are designed to produce over 6 million tons of steel, over 5 million tons of rolled products and over 5.5 million tons of pig iron annually.

ArcelorMittal owns the largest mining and metallurgical plant in Ukraine, ArcelorMittal Kryvyi Rih, and a number of small companies, including ArcelorMittal Berislav.

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“Ukrzaliznytsia” repaired over 24 thousand freight cars in 2024

In 2024, Ukrzaliznytsia JSC (UZ) repaired 24,233 thousand freight cars at its own production facilities, which is 18.7%, or 3.82 thousand, more than a year earlier.

“During the year, the railroad’s car repairers carried out depot and overhaul repairs of virtually all types of freight cars. Most of all, gondola cars, platforms of universal and hopper cement cars were renovated,” UZ said on its Facebook page.

According to the report, 48% of all repaired railcars belong to the private fleet.

Spain to provide additional EUR 10 mln in humanitarian aid to Ukraine

During his visit to Lviv, Spanish Foreign Minister Jose Manuel Albares Bueno announced an additional EUR 10 million in humanitarian aid to Ukraine.

According to the Spanish Foreign Ministry, Albares visited Ukraine on January 28 for the third time since the start of Russia’s full-scale aggression.

Albares, along with his Ukrainian counterpart Andriy Sybiga and UNESCO Director-General Audrey Azoulay, inaugurated a cultural center created through the Spanish-University of Spain Development Cooperation Trust Fund. The center, funded by AECID, was created to create a space specifically dedicated to culture as a factor of peace and resilience in the wartime and post-war context in Ukraine, a country whose cultural productive structure lost 90% of its resources due to the war unleashed by the Russian invasion.

“This center complements Spain’s comprehensive commitment to Ukraine’s reconstruction, which is reflected today in a new announcement of EUR 10 million from the Spanish Humanitarian Aid Cooperation, adding to the 100 million that Spain has provided to Ukraine since the beginning of the war,” the statement said.

This area of humanitarian aid is complemented by another – reconstruction, which has accumulated EUR400 million since the beginning of Russian aggression.

Albares also visited a hospital in Lviv, where he announced that Spain would provide a Spanish team of medical trainers to help medical professionals in the hospital.

Albares reiterated Spain’s support for Ukraine during the Russian aggression. In particular, the training of the Armed Forces of Ukraine in Spain includes about 7000 trained military personnel.

In addition, Albares also reaffirmed support for Ukraine’s accession process to the European Union, which began during Spain’s EU presidency, reminding Ukraine that Spain has always expressed its strong support for it.

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“Agro-Region” to expand irrigated area by 20% in Kyiv cluster

Agro-Region plans to install another irrigation system in the Kyiv cluster in 2025, which will increase the irrigated area by 20% to 580 hectares, the agricultural holding’s press service reported on Facebook.

Ivan Andriychuk, Executive Director of Kyiv Cluster, said that the existing irrigation systems are currently being modernized to make more efficient use of water resources.

He reminded that in 2025, the company had already made significant investments in upgrading its technology park to increase production efficiency and ensure business stability. As part of this modernization, three Daewoo Novus trucks, one Massey Ferguson 8737 tractor and three Renault Duster cars were purchased for the Kyiv cluster.

“We are planning to purchase additional tillage equipment to improve land cultivation, as well as to equip seeders to improve sowing accuracy. These investments help to increase the company’s efficiency, reducing costs and improving yields. They are an important step in ensuring the stability and development of agricultural production in the future,” the expert summarized.

As reported, in December 2024-January 2025, the agricultural holding invested more than $1.7 million in the renewal of the machine and tractor fleet for the spring season.

Agro-Region owns a land bank of 39 thousand hectares in Kyiv, Chernihiv, Zhytomyr and Khmelnytsky regions. It specializes in crop production. It consists of 11 companies organized into four crop production clusters. It has two elevators – Boryspil elevator with a capacity of 73 thousand tons and Miropil elevator with a capacity of 52 thousand tons.

Agro-Region’s annual harvest of grains and oilseeds is up to 200 thousand tons.

In April 2021, the Swedish company Lobiu Sala AB, owned by the former Minister of Economy of Ukraine Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to purchase the Swedish Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.

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