Business news from Ukraine

Business news from Ukraine

Process of rezoning agricultural land for industrial use now takes up to two months, says member of parliament

The procedure for rezoning agricultural land for industrial and energy facilities now takes 1.5 to 2 months instead of the previous one to three years, said Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“Given the need to construct new energy facilities before next winter, this streamlined procedure will resolve many issues for communities concerned with energy independence,” he wrote on his Facebook page.

The MP explained that he and his team developed a step-by-step procedure—from submitting an application to issuing a reasoned conclusion. The purpose of the document is to establish a uniform standard of operation for all regions of Ukraine. Kysilevsky emphasized that the mechanism allows for the rapid conversion of agricultural land for industrial use outside populated areas, even where urban planning documentation has not yet been developed.

According to the guidelines, this procedure will remain in effect during martial law and for five years after its conclusion. It permits the construction of industrial and energy facilities (excluding nuclear), warehouses, and agricultural buildings. A separate list of critical infrastructure, specifically electricity and gas supply networks, may be established under this scheme within cities and villages as well.

The process begins with submitting a request through the Unified State Electronic System for Construction (USESC). Executive authorities, local governments, or private landowners have the right to do so. Tenants cannot submit such a request on their own. The document must include the facility’s classification code, development parameters, hazard class, and estimated resource usage volumes.

The authorized architectural authority must review the request within 10 business days to ensure there are no environmental or historical-cultural restrictions. The result is a reasoned conclusion. In the event of a positive decision, the document is automatically considered a special type of urban planning conditions and restrictions (UPCR), which eliminates the need to obtain additional documents for the facility’s design.

The conclusion serves as the basis for making changes to the State Geocadastre without developing land management documentation. Design of the facility can begin immediately; however, a construction permit is issued only after the land status has been finalized. The procedure for obtaining technical specifications has also been simplified: the client may obtain them at any stage, but must do so before the facility is put into operation.

Kysilevsky clarified that the procedure has already been sent to the Regional State Administration for transmission to urban planning authorities in local communities.

As previously reported, the Verkhovna Rada had earlier passed a law allowing, during martial law, for the simplified rezoning of land for industry, logistics, and relocated enterprises without the preparation of urban planning documentation.

 

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Dragon Capital is building second phase of M10 Lviv Industrial Park

Dragon Capital has begun construction of the second phase of the M10 Lviv Industrial Park and is preparing to resume development of two industrial park projects in the Kyiv region, according to Andriy Brynzylo, CEO of Dragon Capital’s industrial parks division.

“The development of the M10 Lviv Industrial Park is part of Dragon Capital’s strategy to build a portfolio of new industrial real estate in Kyiv and Lviv. Demand for high-quality warehouse and manufacturing space in Ukraine is growing, despite the hostilities, particularly from companies relocating their businesses. In addition to this ongoing project, we are working on resuming the development of two other industrial park projects in the Kyiv region, which we will announce separately in the near future,” Brinzilo said.

According to him, the launch of the second phase of M10 (Class A warehouse and industrial space with a total area of 22,000 sq. m.) will offer the market new opportunities for development.

M10 Lviv Industrial Park is located in the Ryasne-2 industrial zone of Lviv, directly on the M10 highway, 60 km from the Krakivets border crossing on the border with Poland. The park’s total area is 23.5 hectares and provides for the development of warehouse and industrial real estate facilities with a total area of over 140,000 square meters. The first phase of the project, with a total area of 14,400 square meters, was commissioned in February 2024 and is fully operational.

The project is being implemented in partnership with the European Bank for Reconstruction and Development (EBRD) and the Ukraine Investment Fund managed by Norfund, which hold 35% and 30% stakes in the project, respectively.

In September 2023, the World Bank’s Multilateral Investment Guarantee Agency (MIGA) provided the project with a 10-year guarantee covering risks of physical damage to the facility due to military action or loss of control over it.

The facility is managed by the Dragon Capital Property Management team. The project aims to obtain “green” certification in accordance with international standards. The first building at M10 Lviv Industrial Park has already been certified under the EDGE standard (energy efficiency and environmental sustainability).

Dragon Capital is one of the largest groups of companies in Ukraine operating in the investment and financial services sector. The company has over 20 years of experience in direct investments in leading Ukrainian companies, as well as in landmark residential and commercial real estate projects.

Dragon Capital Property Management is a management company that manages a portfolio of commercial real estate. It manages 25 properties (business centers, shopping malls, and logistics complexes) with a total area of over 570,000 square meters.

Currently, Dragon Capital has two industrial park projects in its portfolio: M10 Lviv Industrial Park in Lviv with a total area of 140,000 sq. m and E40 Industrial Park near Kyiv with an area of 200,000 sq. m.

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Kyivproekt shareholders to approve financial results at meeting on April 3

According to Fixygen, Kyivproekt (JSC) will hold its annual general meeting of shareholders on April 3, 2026, via remote participation.

Shareholders will consider standard corporate matters, including financial results and future decisions regarding the company’s management.

Kyivproekt is historically known as one of the capital’s key design institutes. Such companies remain an important part of the urban planning and development sector, especially as Ukraine prepares for a large-scale restoration of its urban and infrastructure environment.

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UKRNAFTA mobile app has topped “Business” and “Auto” categories on App Store and Play Store

The UKRNAFTA mobile app has reached the top spot in the “Free Apps” and ‘Business’ categories on the App Store and the top spot in the “Cars & Transportation” category on the Play Store.
Up to 3 million people refuel with high-quality Euro-5 fuel, buy coffee and travel essentials using the UKRNAFTA app, and gain access to the loyalty program and marketing promotions.
The app accounts for 73.3% of the network’s total revenue. That’s millions of transactions every month.
96% of UKRNAFTA customers drive passenger cars. They also refuel motorcycles and trucks.
58% of customers drive fairly large cars with fuel tanks ranging from 60 to 79 liters. Most of you drive German brands, but you also love Japanese, South Korean, American, and French cars. And what unites you all is the European-quality fuel at our gas stations.
JSC “Ukrnafta” is Ukraine’s largest oil production company and operates the country’s largest national network of gas stations—UKRNAFTA. In 2024, the company began managing Glusco’s assets. In 2025, it finalized an agreement with Shell Overseas Investments BV to purchase the Shell network in Ukraine. In total, it operates 660 gas stations.
The company is implementing a comprehensive program to resume operations and modernize the format of its network’s gas stations. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of Ukrnafta is Naftogaz of Ukraine with a stake of 50% plus one share.
In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state the share of corporate rights in the company that belonged to private owners, which is now managed by the Ministry of Defense.

 

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OpenDataBot honored leading companies with “Scythian Woman” statuette

On March 26, the first in-person awards ceremony for the leaders of the OpenDataBot Index took place in Kyiv. The event brought together executives and top management from leading Ukrainian companies—those shaping the country’s economy today.

The OpenDataBot Index is a ranking based exclusively on companies’ financial reports. It is impossible to influence the results—positions are determined solely by numbers. That is why it has become a trusted tool for businesses, the media, and readers.

This year, over a hundred guests, representing their companies, received awards from the Index—a special “Scythian Woman” statuette.

We chose the Scythian Woman—a symbol that has stood on our land for millennia. She holds a bowl to her chest—this represents openness, a willingness to show how you work, to clearly demonstrate your numbers, scale, and results. That is why the OpenDataBot Index is an award for companies that operate transparently, that can be verified, and that stand by their name,” comments Oleksiy Ivanin, CEO of OpenDataBot

During the event, participants discussed the role of transparency in economic development, the importance of trust and business accountability in wartime, as well as how the interaction between business and the media is changing.

The OpenDataBot Index has become a meeting point between the interests of businesses seeking to be heard and the media wanting to report on real results.

https://opendatabot.ua/analytics/live-index-2026

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Aluminum prices rose to $3,492 per ton following Iran’s attacks on producers in Persian Gulf

Aluminum prices rose on Monday amid reports of Iranian attacks on facilities belonging to the largest Middle Eastern metal producers.

Three-month aluminum futures on the London Metal Exchange (LME) were trading at $3,432.5 per ton as of 11:10 a.m. local time, up 4.1% from the previous session’s close. Earlier in the session, the price rose to $3,492 per ton, its highest level since March 19, approaching a four-year high of $3,546.5 per ton.

Aluminum contracts, the most actively traded on the Shanghai Futures Exchange, rose 3.43% to 24,725 yuan ($3,578.82) per ton at Monday’s market close.

Last Sunday, Aluminium Bahrain (Alba), which operates one of the world’s largest aluminum plants, said it was assessing the damage from Saturday’s Iranian strikes on its facility. In addition, leading Middle Eastern aluminum producer Emirates Global Aluminium reported “significant damage” to production facilities as a result of Iranian missile and drone attacks on the Khalifa economic zone in Abu Dhabi.

Concerns about disruptions to aluminum supplies to the global market arose with the start of the U.S. and Israeli war against Iran. Producers from the Persian Gulf countries, which account for about 9% of global supply, have lost the ability to ship metal through the Strait of Hormuz. Under these conditions, Alba has already begun cutting back production, and damage to its facility could worsen the situation, experts note.

“Attacks on facilities increase the likelihood of prolonged supply disruptions,” states a report by ING Economics analysts. “Supply issues may persist even if geopolitical tensions ease, heightening the risk of rising prices.”

For a more detailed overview of global aluminum production—1970–2024—watch the video on the Experts Club YouTube channel.

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