Business news from Ukraine

Business news from Ukraine

KAN Development invests $80 mln in construction of two schools in Kyiv

KAN Development will invest about $80 mln in the construction of two schools in Kiev. construction two schools designed for more than 2,000 pupils in total, Igor Nikonov, founder of the KAN Development development company, told Interfax-Ukraine news agency.

“We fulfill our social obligations to the residents of the Republic Residential Complex. Here will be the largest educational institution in our A+ network. The building of 25 thousand square meters will house Respublika STEAM І-ІІІІ school and A+STEAM kindergarten. We will strive to launch it already by September 1, 2026,” Nikonov said during the official start of the construction of the construction work on Monday.

The building, designed by archimatika, will be located on a 3.3-hectare plot of land and will consist of four separate educational blocks: kindergarten, elementary, middle and high school – united by a large 80×18-meter column-free central atrium with an amphitheater in the center.

According to Nikonov, the investment in launching the school (construction and equipment) is estimated at about $40 million.

In parallel, work is underway on another school, on McCain St., a project that went to KAN Development six months ago. “Historically, there were commitments by another company to build an American school there, but due to the war this project was stopped. We have now finalized its concept. There will be IT direction, from the first grade to 12,” Nikonov said.

Architectural workshop “A. Pashenko” is working on the project. The area of the building is about 26 thousand square meters. m. The school is also designed for about 1 thousand pupils. The volume of investments is $40 million.

“On the basis of this school we want to make a small university. For this purpose we have already allocated the premises, about 3 thousand square meters. m. Our goal is to provide in our A+ network continuous quality education up to 23 years of age, from kindergarten to getting a profession,” Nikonov said.

This school, too, is scheduled to open on September 1, 2026, but Nikonov said Respublika STEAM is a priority. “We’re all dependent on financial issues. We definitely have funds reserved for schools, but the STEAM school is more important because it is our commitment to the residents of the LCD,” he said.

He added that great attention is paid to ensuring safety: all 11 institutions of the A+ network will be provided with shelters. In schools under construction they are included in the projects, in existing schools they are adapted, if the existing solutions allow, or separate ones are built. In particular, two new shelters are being built for existing schools – for the elementary school in “Republic” and for the school in “Comfort Town”. The budget of each of the projects is UAH 70 mln.

KAN Development was established in 2001. The company’s portfolio includes Ocean Plaza, Respublika Park, Tetris Hall, Central Park, Comfort Town, Faina Town, Respublika, IQ Business Center and 101 Tower. For more than 20 years on the market, KAN Development has developed more than 3 million square meters of residential, retail and commercial real estate. The company is also actively developing its own network of “A+” educational institutions.

 

, , ,

“This is my game”: prominent Ukrainian athletes break stereotypes in sports

The United by Sport NGO presented the social campaign “This is My Game”. This is a series of powerful videos in support of gender equality in sports. The aim is to break stereotypes and prove that there are no “non-female sports”.

The social campaign features well-known Ukrainian athletes and Olympic and Paralympic champions in 5 different sports that are often interpreted as “more masculine,” including

football
powerlifting
wrestling
archery;
table tennis.

“This is My Game” is part of the Girls in Sport charity program, through which United by Sport improves girls’ physical and mental health, provides opportunities to play various sports, and supports the development of coaches.

“Recently, there has been more and more talk about equal rights for women and men. Despite this, gender inequality in sports remains an urgent problem. Many female athletes often hear that their place is not on the football field or in the ring. United by Sport aims to break these stereotypes and improve the physical and mental health of girls,”
– said Angela Fokina, President of United by Sport.

“This is my game”: a revolution in supporting women in sports

The main characters of the social campaign are famous Ukrainian athletes, winners of the Olympic Games, national and European tournaments and competitions, and the Paralympic Games:

Anastasia Klimachenko, a world-class master of sports, world champion and European vice-champion in beach soccer;
Oksana Livach – Ukrainian freestyle wrestler, World Championship medalist (2018), European champion (2019);
Iryna Koliadenko – Ukrainian wrestler, three-time European champion, silver medalist at the World Championships, bronze medalist at the 2020 Olympic Games;
Kateryna Dubrovina, Honored Master of Sports in archery, Olympic medalist;
Alisa Dubrova, professional table tennis player;
Maryna Lytovchenko, Paralympic table tennis champion;
Larisa Solovyova, 9-time world powerlifting champion.

Each of the athletes reflects strength, beauty, endurance, and choice. They demonstrate by their own example the importance of equal rights in sports.

It should be added that the National Olympic Committee of Ukraine, whose tasks include the development of professional and grassroots sports and its popularization, has become the main sports and media partner of the project.

Campaign slogan: “You can be anything you want to be”.

The main message is that anyone can play any sport, regardless of age, gender, or ability. Stereotypes and dogmas have long been destroyed. And the example of the campaign ambassadors proves it. Besides, sport helps to be physically and mentally healthy.

“I am sure that this campaign will inspire many girls who want to play sports but have been hesitant because of social stereotypes or have been opposed by adults who do not understand their sport. We want to show that there are no “men’s” or “women’s” sports – there are only aspirations, perseverance and strength of mind,”
– said Kateryna Dubrovina, Honored Master of Sports in Archery, Olympic silver medalist.

Now anyone can join this movement and support the girls on their way to sports. To do this, just share the video with the hashtags #ThisIsMyGame_UBS #I Have the Right to Sport #SocialCampaign_UBS.

For more information and cooperation, please contact us via these contacts:

Alina, Communications Manager at United by Sport

+380680130232
alina.olikhovska@unitedbysport.org

https://t.me/olikhovska

Kyiv Pulp and Paper Mill maintains slight positive production dynamics

In January-May, the volume of marketable products of Kyiv Cardboard and Paper Mill (Kyiv Pulp and Paper Mill, Obukhiv, Kyiv region), the industry leader in Ukraine by this indicator, amounted to UAH 3 billion 173 million, which is 3.6% more than in the same period last year, according to statistics from Ukrpapir Association.

As reported, the mill moved to positive production dynamics in the first quarter (up 0.2%), while in January-February there was a 2.4% decline in this indicator compared to the same period last year.

According to UkrPapir’s statistics provided to Interfax-Ukraine, in physical terms, the mill’s corrugated box production increased by 4.5% to 92.3 million square meters over the five months, which remains the best in the industry.

Cardboard production decreased by 7.5% to 64.4 thousand tons, including production of containerboard by 8.4% to 52.7 thousand tons and boxboard by 3.4% to 11.7 thousand tons.

The output of base paper for sanitary and hygiene products increased by 8.3% to 19 thousand tons, and the production of toilet paper increased by the same percentage to 107.55 million units.

The plant is a stable leader in toilet paper production in Ukraine: over five months, the industry’s major enterprises produced a total of 262.37 million rolls, up 10%.

According to UkrPapir, in May, Kyiv Pulp and Paper Mill reduced its paper and cardboard output by almost 10% to 15.8 thousand tons by May 2023, while corrugated boxes increased by 5% to 19.2 million square meters.

According to the Association’s data from the main industry enterprises, in January-May, paper and cardboard production in Ukraine increased by 6.1% compared to the same period in 2023, to 240.4 thousand tons, and cardboard boxes by 21.4%, to 237.7 million square meters.

Kyiv Pulp and Paper Mill is the parent company of the eponymous group of companies, one of the largest cardboard and paper products producers in Europe with a staff of over 2,500 people.

It has, among other things, a 240,000-tonne-per-year cardboard production facility and a 355 million-square-meter corrugated packaging plant, as well as a production facility for the production of base paper and finished products with an annual capacity of 70,000 tons of base paper.

As reported, in 2023, the plant produced products worth UAH 7 billion 568 million, up 1.8% year-on-year.

Number of operating stores in Ukraine has slightly increased at beginning of year

The number of operating stores in Ukraine in January-March 2024 exceeded 18 thousand, which is 4% higher than in the first quarter of 2023, said Oleg Klopov, commercial real estate manager of Retail&Development Advisor (RDA) consulting company, at RAU Expo 2024 in Kiev.

“Separately, we should note the return of our partners – international brands. In RECs, where they have restored their work, the growth of traffic in general by 10% was noted. If we talk about regional development, the leader in the fashion category was Sinsay, which opened 38 stores during the war, 35 of which – outside Kiev,” he said.

Speaking about the geography of development of networks, Klopov noted that “the greatest activity of retail chains coincides with the concentration of internally displaced persons.”

At the same time, in the country as a whole, rental rates increased over the year – in shopping centers by 10%, in street retail – up to 20%.

“The growth occurs mainly for locations up to 200 square meters, i.e. such locations, which can afford small chains, actively developing in the regions”, – explained Klopov.

Retail & Development Advisor is a Ukrainian consulting company providing a full range of services in the sphere of retail, office and logistics real estate. real estate. It was founded in 2013. It offers services of development of architectural concept, brokerage in retail, office and logistics real estate, real estate management, outsourcing of RC development/leasing department, market analytics, etc. He has experience of successful cooperation with international and domestic operators such as: Yves Rocher, Metro, New Yorker, LC Waikiki, Adidas, JYSK, Colin’s, Vodafone, Terranova, Crocs, Miniso, EVA, Allo, KOLO, Rozetka, Ukrzoloto, Golden Age Prostor, “Luxoptika”, Intertop, etc.

 

, ,

labor shortage is predicted in Ukraine in coming months

The business environment continues to reduce the number of employees and aggravate the problem of finding qualified personnel, which may become a key factor for the Ukrainian economy in the next months.

These are the main results of the New Monthly Enterprises Survey (#NRES) of the Institute for Economic Research and Policy Consulting (IER).

According to them, in May the rating of obstacles for business has not undergone significant changes. The top three among them have remained unchanged for several months: the danger of working (an obstacle for 56% of respondents), labor shortages (49%), and rising prices (46%).

“56% said that the danger of doing business is the biggest obstacle – and such a high figure was not even at the beginning of the war. Large businesses complain most about this. Also, the problem of electricity supply has been actualized again: compared to April, twice as many businesses complain about it (21% – in April, 41% – in May),” the study quotes the words of IEI expert Eugene Angel.

At the same time, the IEI noted that for the first time in two years the percentage of Ukrainian industrial business operating at full capacity exceeded 15% and amounted to 18% in May, while in April the figure was 13%.

In addition, the percentage of companies that find it difficult to guess what will happen to operations in two years has decreased – from 38.2% in April to 30.9% in May.

The two-year uncertainty rate has been gradually declining since February of this year. Then it was 50.6%, now it is 30.9% and it is the lowest value since October 2022.

The IEI emphasized that a clear trend of stagnation or decline in positive expectations for the two-year period is noticeable.

“That is, businesses understand what they will be doing in two years’ time, but they don’t see that future as positive. Most likely because it is getting more and more used to the view that the war will last a long time,” explained Oksana Kuzyakiv, executive director of the IEI.

At the same time, she added that assessments of the financial and economic situation at enterprises and the general economic environment are growing in the six-month perspective. Accordingly, respondents do not expect deterioration of the situation either at their own enterprises or in the country’s economy as a whole.

Enterprises have had a stable order book for more than three months for almost a year now. The average term of new orders in May amounted to 3.4 months, which is slightly longer than in April (3.3 months), but corresponds to the level of March this year (3.4 months).

In addition, the Business Activity Recovery Index (BAI) increased from 0.33 to 0.40 (on a scale of -1 to +1) in May 2024 compared to April. As explained in the IEI, this was due to an increase in the proportion of businesses that reported that their business activity was better than in 2023, from 45.3% in April to 55.4% in May. Meanwhile, 15.1% (12% in April) said business activity had worsened, with nothing changed for 29.4% (42.7% a month earlier).

The May NRES survey included 534 Ukrainian industrial enterprises of all sizes located in 21 of Ukraine’s 27 regions. The field phase of the 25th wave of the survey lasted from May 20 to May 31, 2024.

 

,

In Focus: Solar energy for Ukraine – potential and obstacles

Ukraine has a large untapped potential in the use of solar energy. A new BE study commissioned by Greenpeace shows the ways and opportunities, as well as the obstacles to solar energy development.

Background

In the years preceding the outbreak of Russian aggression, the share of solar energy in Ukraine’s total electricity production has already increased significantly – from 5.9 GW in 2018 to 8.06 GW in 2022 – with an increase in solar generation capacity of almost 37%. Further expansion of solar generation is essential for achieving climate goals. But it’s not just climate protection considerations that speak in favor of solar power. Ongoing Russian attacks on fixed energy infrastructure make decentralized alternatives necessary, in which solar power will play a key role. With this in mind, we analyze how a significant expansion of solar generation can be integrated into the Ukrainian power grid. We conducted this study on behalf of Greenpeace.

Methodology and results
Based on technical and economic modeling, we determined the optimal share of solar power for the period 2027-30. The results show that 9.2 GW of solar generation capacity can be integrated into the Ukrainian grid by 2027, and up to 14 GW by 2030. This corresponds to an increase of 8.4 GW compared to current capacities and requires investments totaling almost €5 billion.

The study also analyzes the technical and economic obstacles that currently still hinder the expansion of solar energy. These include barriers to market entry, lack of incentives for investors, regulatory obstacles, and high investment costs.

Outlook.
Based on our analysis, we can conclude that Ukraine has a great potential for solar power plants. However, a number of measures need to be taken to realize this potential. These include

– Investments in electricity infrastructure
– Reducing investment costs
– Liberalization of the electricity market
– Strengthening public finances
– Support for end users

In our study, we analyze individual measures in detail.