Business news from Ukraine

Business news from Ukraine

Ukrainian elevator equipment has replaced imports

The market of elevator equipment in Ukraine has undergone dramatic changes over the past eight to nine years, with the share of Ukrainian equipment currently at 80% and foreign equipment at 20%, the press service of KMZ Industries reports.

The company noted that in 2016, the share of Ukrainian equipment was only 20%, and foreign equipment – 80%, and as of 2025, the situation is mirrored in key product segments.

“Ukrainian farmers have gradually rethought their approaches to choosing suppliers: they have tried domestically produced equipment and made sure that it is not only on par with imported equipment in terms of quality, but also has a number of additional significant advantages. These include service availability, design for climatic conditions, knowledge of the local context, and the manufacturer’s ability to work in war conditions on an equal footing with the client,” explained Natalia Kulakovska, Marketing Director at KMZ Industries.

She noted that the state program of partial compensation of 25% of the cost of Ukrainian-made equipment played a major role in this market transformation, which allowed farmers to “try their hand at it.” After the first purchase, most of them did not return to imported elevator equipment.

“According to an independent study, in 2024, the share of Ukrainian transport equipment for elevators was 48.8% in monetary terms. If we talk about metal storage silos, the growth is even more significant: in 2024, Ukrainian producers already owned 81.4% of the market. These are not just numbers – it is a proof of trust in domestic production and its ability to meet the modern needs of elevator storage infrastructure for agricultural producers and agro-processors,” Kulakovska summarized.

KMZ Industries is the largest manufacturer of elevator equipment in Ukraine and produces a full range of equipment, including silos, grain dryers, transport equipment and separators, as well as provides automation and installation services.

According to the company, it has built more than 5 thousand facilities. KMZ Industries has silos in operation with a total capacity of over 12.5 million cubic meters.

 

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Average cost of residential real estate in capital of Croatia continues to grow – Relocation analysis

The average price of residential real estate in the capital of Croatia continues to grow: in the second quarter of 2025, the price on the secondary market reached €3,066-3,460 per square meter, and in the central areas it exceeded €3,100/m². This is evidenced by data from specialized Croatian analytical portals.

According to a report by Properstar, the median price per square meter of an apartment in Zagreb was €3,605, while for private houses it was €1,936. According to the ISPU (Information System for Spatial Planning), the average price for transactions in the secondary market increased by 12.8% compared to the same period last year – from €2,722 to €3,066 per m².

The most expensive areas of Zagreb remain:

  • Donji Grad (Center) – €3,131/m²;
  • Trnje and Trešnjevka – €2,820-2,880/m².

The least expensive areas:

  • Gornja Dubrava – €1,627/m²;
  • Brezovica – €970/m².

In the segment of new buildings, the average price is about €2,830-2,980 per square meter.

Experts note an increase in interest in real estate in Zagreb from both local and foreign buyers, especially due to the rising cost of rent (on average €15/m² per month). Thus, renting a 50 m² apartment costs about €900 per month.

Analysts point to a limited supply of properties on the market, which maintains a high price level and makes the Zagreb market attractive for both investment and personal residence.

As reported earlier, the Belgrade real estate market showed similar price growth dynamics, where the cost of housing varies from €2,000 to €3,500/m² depending on the area.

http://relocation.com.ua/serednia-vartist-zhytlovoi-nerukhomosti-v-stolytsi-khorvatii-prodovzhuie-zrostaty-analiz-relocation/

 

“Lvivsvitlo and IC ”Universalna” have concluded contract for voluntary medical insurance services

Lviv municipal enterprise “Lvivsvitlo” and insurance company “Universalna” have concluded a contract for voluntary health insurance services for employees.

As reported in the system of electronic public procurement Prozorro, the insurance payment under the contract is UAH 334.08 thousand. The sum insured per one insured from 18 to 69 years old (94 people) is UAH 100 thousand, the tariff – 3.48%. As reported, the tender was announced in May 2025. The expected cost of purchasing services amounted to UAH 617.9 thousand. IC InterExpress and Transmagistral also participated in the tender.

IC Universalna was founded in 1991. It specializes on rendering services in the sphere of risk insurance. The main shareholder of the company is Fairfax Financial Holdings Limited.

 

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Imports of “borsch” vegetables increased to $152 mln

In January-June 2025, Ukraine imported $152.018 million worth of “borsch” vegetables, including potatoes, carrots, beets, cabbage, and onions.

According to statistics released by the State Customs Service (SCS), Ukraine increased its imports of potatoes by 7.9 times to 121.606 thousand tons during this period, purchasing them for $65.145 million, which is 6.9 times more than in the same period in 2024.

It is noted that in the first half of the year, 36.49% of the market of potatoes imported to Ukraine belonged to Poland, which was able to earn $ 23.77 million from its sale. At the same time, Egypt supplied 13.73% of the imported volumes for $ 8.945 million, the Netherlands – 11.66% for $ 7.594 million.

In January-June 2025, Ukraine slightly reduced onion imports by 1.1% to 15.747 thsd tonnes, spending $17.69 mln on the purchase of onions compared to $15.5 mln a year ago.

The top three suppliers of onions to Ukraine were China and Egypt, which accounted for 26.96% and 21.55% of imports, which in monetary terms amounted to $4.769 million and $3.812 million, respectively. The Netherlands closed the top three with a share of 18.85%, supplying this product for $3.335 million.

During this period, Ukraine imported cabbage 2.5 times more than a year ago – 47.252 thousand tons versus 18.969 thousand tons, respectively, spending 2.4 times more on its purchase than in the first half of 2024 – $42.075 million versus $17.804 million. Its main suppliers were Macedonia (33.3% of supplies worth $14.022 million), Poland (24.9% worth $10.481 million) and the Netherlands (13.47% worth $5.668 million).

In January-June 2025, Ukraine increased imports of carrots, beets and celery by 7.9 times compared to the same period last year – up to 43.065 thsd tonnes, spending $27.108 mln against $4.36 mln respectively.

The main suppliers of these goods were Poland, Moldova and the Netherlands, which accounted for 47.04%, 13.53% and 11.93% of the imported volumes, respectively. In monetary terms, these countries earned $12.752 million, $3.667 million and $3.235 million, respectively, from the supply of root crops to Ukraine.

 

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Bank Lviv attracts EUR 103 mln to support business

Bank Lviv (Lviv) has signed agreements with the European Investment Bank (EIB), the European Investment Fund (EIF), the Belgian Development Organization for Developing Countries (BIO) and the Bank of the Council of Europe (CoE) totaling EUR 103 million, which will allow it to expand financing to the private sector through credit lines, guarantees and support for micro-entrepreneurs.

“Within the framework of international partnerships, Lviv Bank has signed four strategic agreements with international financial institutions – for a total of more than EUR100 million to support Ukrainian private companies, SMEs and entrepreneurs!” Volodymyr Kuzio, deputy chairman of the bank’s board, said on Facebook on Tuesday.

He noted that Lviv Bank has attracted EUR 60 million from the EIB in the form of a multi-currency credit line, including local currency financing, to improve access to finance for the private sector.

Another EUR 35 million was provided by the EIF in the form of portfolio guarantees, which will reduce collateral requirements for Ukrainian private sector clients to 70% and at the same time strengthen the capital of Bank Lviv.

In addition, the bank will receive EUR 5 million from the Belgian development organization BIO, the first transaction in the institution’s history in Ukraine.

Another EUR 3 million is being provided by the Council of Europe Development Bank to support micro-entrepreneurs across the country.

According to the National Bank of Ukraine, as of April, Lviv Bank ranked 23rd in terms of total assets among 60 operating banks with UAH 14.8 billion, or 0.4% of the banking sector.

 

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umgi presents $200 mln grain terminal construction project

At URC-2025, SCM Group’s Intech investment company umgi has presented a project to build a grain terminal in Pivdennyi port with a planned annual transshipment capacity of 9 million tons and the ability to receive Post-Panamax vessels at its own berths. According to the press release, the estimated cost of the project is $200 million.

“We are pleased to join the recovery process. One of umgi’s initiatives was included in the Catalog of Investment Projects presented at the Ukraine Recovery Conference 2025 in Rome,” the company said in a statement.

It is specified that due to its strategic location and efficient infrastructure, such a terminal will play a key role in the export of Ukrainian agricultural products. This is a unique opportunity to invest in Ukraine’s strategic infrastructure, expand grain transportation capacity, and strengthen the country’s role in global trade.

Overall, the investment potential of key sectors of the Ukrainian economy over the next decade exceeds $300 billion. This figure includes rebuilding the destroyed sectors, transforming the economy and building a stable and environmentally friendly future. Realizing this potential will create a demand for equipment worth EUR33.8 billion annually in Ukraine.

A catalog with 250 current projects can be found here: https://kse.ua/…/07/Investment-catalog-Ukraine-2025.pdf

umgi is an investment company focused on the development of businesses in the raw materials and processing industries. It was founded in 2006 by SCM Group. Investment focus: mining; by-product and waste management; production of industrial goods and services. The total value of the portfolio companies is estimated at over $500 million.

 

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