Business news from Ukraine

Business news from Ukraine

Finnish company Happy Nordic Living plans to build prefabricated wood structure factory and residential neighborhood in Ukraine

9 September , 2026  

The Finnish company Happy Nordic Living Oy plans to implement two projects in the Kyiv region—to build a factory for the production of prefabricated wooden structures and to create a pilot residential complex for residents of the region who have been affected by Russian attacks, as well as internally displaced persons (IDPs), according to a Wednesday report on the website of the Kyiv Regional Military Administration.

Natalia Gavatyuk, Deputy Head of the Kyiv Regional State Administration, held a meeting with Timo Mikkonen, CEO of Happy Nordic Living Oy, and his team, during which the parties discussed the prospects for implementing the investment project and the next steps for its launch.

According to the report, the plant is expected to create approximately 400 jobs: “Currently, sites in the region’s industrial parks are being considered for the production facility. This approach will allow for the necessary infrastructure to be prepared more quickly and for the project to move forward.”

At the same time, the company is considering the possibility of creating a pilot housing complex in the Kyiv region for residents of the region who have been affected by Russian attacks, as well as internally displaced persons (IDPs).

During the meeting, the parties agreed on mechanisms for further trilateral cooperation between the Kyiv Regional State Administration, Happy Nordic Living Oy, and consulting partner UVT GROUP to prepare a roadmap for the project.

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