How Ukrainian business migrates during the great war
Almost 19 thousand companies have relocated since the beginning of 2022, according to the Unified State Register. Kyiv and Zakarpattia regions were the most popular destinations for business. Among all companies, wholesalers relocate most often.
Of the total number of companies that have changed their location since the start of the full-scale war, just over 1,000 have moved from the city to the region. Half of them – more than 600 companies – moved from Kyiv, and another 60, or 5.1%, from Odesa region.
Kyiv region is the most popular choice for relocation – 546 relocations. This is almost every second business relocation since the start of the full-scale war. The most popular route was from Kyiv to Kyiv region: 359 relocations. In fact, 30% of all cases when businesses relocate to the region are on this route.
Other routes were less popular. For example, the routes from Lviv to Kyiv region and from Kyiv to Zakarpattia are in second and third place, with 2.7% and 2.6% respectively (30-32 companies).
The leaders in relocations were companies engaged in wholesale trade – 344 relocations (29.3%) and the transportation industry – 92 relocations (7.8%)
Ukroliya LLC with a turnover of over UAH 4 billion became the largest company to change its location. The company moved from Kyiv to Poltava region. Kyiv-Atlantic Ukraine LLC, with a turnover of over UAH 2 billion, also left Kyiv region, but to Cherkasy region.
Kercher LLC with a turnover of more than UAH 1 billion closes the list of top business migrants, as the company changed its place of registration to Kyiv region.
“We started preparing for the move 7 years ago – we bought land and started construction in the Kyiv region in 2020, which was interrupted by the Russian attack and partial occupation of the region. Within 4 months after the liberation of Kyiv region, the company resumed construction, so at the end of 2023, our team moved into a new space. In general, the location of the company outside the city, in the regions, is part of the philosophy of the Kercher brand throughout Europe,” comments Nadiya Kreposna, marketing manager at Kercher.
Structure of foreign exchange reserves as of 31.12.2023
Source: Open4Business.com.ua and experts.news
DIM Group has commissioned two construction projects – the first complexes of the eco-city Lucky Land and the residential complex Novy Autograph, with a total of 1060 apartments, the company’s press service reports.
“Like all developers today, we face many obstacles. However, we are making every effort to fulfill our obligations to our customers. Many people in the country are left without homes. That is why it is important to build new houses today,” said Oleksandr Nasikovsky, Managing Partner of DIM Group.
It is reported that DIM continues to increase the pace of construction, with more than 100 thousand square meters of housing planned to be commissioned by the end of the year.
The Lucky Land residential complex is a modern eco-city of seven blocks in Kyiv, which corresponds to the multifunctional live-work-play format. At the end of January 2024, DIM put into operation sections 1, 2, 3 of the third stage. House No. 3 received its own postal address – 4D Berkovetska Street. In April, DIM will complete the production of technical passports and start handing over apartments to owners in May.
In March 2024, the New Autograph comfort class residential complex received a certificate of readiness. The complex consists of two buildings with 18-26 floors and 810 apartments, and its utilities include artesian water supply and individual heating. The area around the residential complex has a well-developed infrastructure – from children’s and sports grounds to commercial facilities and underground parking.
A number of other projects by DIM are under active implementation. In particular, the construction of the 33-storey A136 Highlight Tower multifunctional complex is underway. Recently, it was the first in Ukraine to be audited by CBRE Ukraine, the largest international investment consulting and real estate management company. The international auditors confirmed the overall completion of 54% of the works. Given the pace of construction, the complex will be completed this fall.
During the year, DIM also plans to complete the construction of the third building of the Metropolis residential complex, as well as commission five buildings of the Park Lake City eco-city located 15 minutes from Kyiv.
DIM Group was founded in 2014 and consists of six companies covering all stages of construction. To date, it has commissioned 12 houses in six residential complexes with a total residential area of over 218 thousand square meters. Six residential complexes of “comfort+” and “business class” categories are under construction: “New Autograph, Metropolis, Park Lake City, Lucky Land, A136 Highlight Tower, Olegiv Podil.
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The Polish Agricultural and Food Products Quality Inspectorate (IJHARS) in Poznan has issued a decision to ban the circulation of a batch of ice cream in cones weighing 7.13 tons imported from Ukraine.
The decision was made due to incorrect labeling, the inspectorate reported on social media platform X on Monday.
The decision was immediately enforced.
As reported, on April 12, the IJHARS banned access to the Polish market for two batches of sponge cakes weighing 10.55 thousand tons imported from Ukraine, and on April 9, three batches of Ukrainian bagels weighing 5.34 tons. Earlier, three batches of Ukrainian ice cream weighing 8.48 tons were seized in Lublin because it was defrosted.
In early April, the Polish Trade Inspectorate announced the largest fine in its history of 1.5 million zlotys (about $380 thousand) imposed on an importing company for importing 11.5 thousand tons of technical rapeseed and feed wheat from Ukraine as counterfeit goods for further use as food. In addition, a decision was made to ban the import of 57.66 tons of tomato paste from Ukraine due to the presence of mold.
In March, IJHARS Chief Inspector Przemysław Rzodkiewicz said that over the past year, 1.4% of the batches of products from Ukraine inspected by the commission at the border were rejected.
Mining enterprises of Ukraine in January-March this year increased exports of iron ore raw materials (iron ore) in physical terms by 2.5 times compared to the same period last year – up to 9 million 4,370 thousand tons.
According to statistics released by the State Customs Service (SCS), foreign currency earnings from iron ore exports increased by 2.1 times to $863.315 million for the period.
Exports of iron ore were mainly to China (43.02% of shipments in monetary terms), Slovakia (17.02%) and Poland (12.41%).
In the first three months of 2024 Ukraine imported $67 thousand worth of iron ore in the total volume of 245 tons, while in January-March 2023 it imported $22 thousand worth of iron ore in the total volume of 36 tons. Imports were made from the Netherlands (31.82%), Norway (19.70%) and Italy (18.18%).
As reported, Ukraine in 2023 reduced exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign currency earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Exports of iron ore were mainly exported to Slovakia (28.39% of shipments in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year Ukraine imported iron ore products worth $135 thousand in the total volume of 250 tons. Imports for this period were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). Whereas in 2022, $65 thousand worth of iron ore was imported in a total volume of 101 tons.
Ukraine in 2022 decreased its iron ore exports in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign currency earnings decreased by 57.8% – to $2 billion 912.974 million. The iron ore exports were mainly to Slovakia (19.23% of shipments in monetary terms), Czech Republic (17.32%) and Poland (16.49%).
In 2022, Ukraine imported iron ore products worth $65 thousand in the total volume of 101 tons, while in 2021 – $184 thousand in the volume of 1,202 tons. Imports were made from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).
