Business news from Ukraine

Business news from Ukraine

One of world leaders in humanitarian demining opens office in Kyiv

One of the world leaders in the field of robotic systems for humanitarian demining, the Croatian company DOK-ING, has opened an office in Kyiv, which will help coordinate mine action efforts between Ukraine and Croatia, First Vice Prime Minister and Minister of Economy Yulia Svyrydenko said during the opening ceremony.
“We highly appreciate the support provided by Croatia to Ukraine. There are 45 Croatian DOK-ING demining machines currently operating in Ukraine, which have helped clear over a thousand hectares of Ukrainian land. I hope that the opening of the office in Kyiv will be the beginning of even closer cooperation, and our sappers will be able to learn in Ukraine how to operate and maintain these machines,” the press service of the Ministry of Economy quoted her as saying.
The Ministry of Economy noted that Ukraine is one of the key users of DOK-ING demining machines. The State Emergency Service (SES) uses DOK-ING equipment the most. Its fleet includes 10 MV-4 light demining vehicles and 14 MV-10 heavy demining vehicles. Croatian demining machines are also used by the State Special Transport Service (SSTS), humanitarian demining operators and units of the Armed Forces of Ukraine.
Of the 45 DOK-ING machines operating in Ukraine, 8 are manufactured at a Ukrainian plant that is a partner of the Croatian company.
“It is very important for us that some of the DOK-ING equipment is manufactured in Ukraine, as it means new jobs and additional budget revenues and support for the economy. In addition, manufacturing equipment in Ukraine reduces delivery time and facilitates logistics when repairs are needed. All of this ultimately accelerates the pace of demining and saves millions of lives,” Svyrydenko added.
The Ukrainian company A3TECH carries out large-scale assembly of DOK-ING demining machines with partial localization: part of the working body is already produced in Ukraine and by the end of the year the company is ready to increase the level of its localization to 100%. In 2024, the company produced eight localized MV-10 heavy demining machines, six of which have already been handed over to the SES.
DOK-ING produces both light and heavy robotic demining and explosive ordnance disposal machines. Due to their low profile and robust design, these vehicles are resistant to anti-personnel mines and unexploded ordnance detonations and can withstand an anti-tank mine explosion. DOK-ING vehicles are controlled by a remote control with a range of up to 1500 meters.

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Lucky Land eco-city expands the list of state housing programs

DIM is one of the leaders in the capital region, constantly implementing and expanding the list of state housing programs at its facilities.

To the already popular programs “eHousing” and “eRestoration” in the eco-city Lucky Land, the opportunity to purchase real estate with cash compensation for the purchase of housing has been added. This became possible thanks to the Resolution of the Cabinet of Ministers of Ukraine No. 280 of April 18, 2018, which helps to provide housing for internally displaced persons who defended the independence, sovereignty and territorial integrity of Ukraine.

“Resolution No. 280 is extremely important for IDPs, as it provides a mechanism for receiving financial compensation for the purchase of housing, which is extremely important for people who have suffered from the actions of Russian invaders and lost their homes,” says Daria Bedia, Head of Marketing at DIM.

In order to receive financial compensation for the purchase of real estate under CMU Resolution No. 280, a potential buyer needs to follow several steps:

Meet the criteria of the resolution, namely, be an IDP who defended Ukraine.
Submit an application to the social security authorities at the place of residence on the housing register.
After reviewing the application and based on the submitted documents, the need for compensation will be assessed.
After the subvention is allocated, the applicant can receive compensation to a bank account opened at a branch of Oschadbank.
Next, the applicant contacts the Lucky Land sales office at 6 Berkovetska St., Kyiv, where our managers will help you choose the best housing for you and your family and support the transaction.

“LUCKY LAND is the best embodiment of the “city within a city” concept. A huge location next to a coniferous forest will allow you to breathe fresh air and live in harmony with nature. The entire space was designed by Archimatika, the country’s leading architectural firm. It is centered on a person, his or her lifestyle and development. Active entertainment or relaxation, shopping or meeting friends – all this is possible without leaving the territory of the complex.”

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EBRD and OTP Leasing have agreed on new EUR 40 mln credit line – Pavlushin

The European Bank for Reconstruction and Development (EBRD) and OTP Leasing have agreed on a new EUR40 million credit line, the company’s CEO Andriy Pavlushin said after a meeting with Ukrainian banks and financial companies organized by the EBRD in London.
“We agreed today on a new EUR40 million line, and we will sign it soon. There will be cashbacks for companies owned by veterans or war victims of up to 20% of the financing amount,” he wrote on his Facebook profile.
Pavlushyn noted that since the beginning of this year, OTP Leasing has financed $125 million worth of products, which, according to him, is 50% more than in 2023. The CEO emphasized that instruments from the EBRD significantly contribute to this result.
OTP Leasing provides financial leasing and fleet management services to corporate clients and micro, small and medium-sized enterprises across the country. The ultimate owner of the company is OTP Bank Plc. (Hungary).

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Danish Velux expands production in Ukraine

Danish skylight manufacturer Velux has expanded production of accessories for remote window control in Ukraine at its partner plant Jabil in Uzhhorod, the company’s press service reports.
From now on, three innovative products from the company’s international portfolio are being produced in Ukraine, designed for the integrated management of electric roof windows, curtains and shutters in a residential building. As reported, in 2023, Jabil’s production facilities launched exclusive production of the Velux Touch remote control. This year, mass production of the KMG 100 K electric motor and the KUX 110 power management system was launched, both of which are designed to automate Velux roof windows with manual control.
“Remotely controlled roof windows are becoming increasingly popular in Ukraine. As a result, the demand for accessories for upgrading manually operated windows to electrically operated ones has increased significantly. Such devices provide comprehensive control over all skylights, curtains and shutters in the house, and greatly simplify their operation,” commented Yuriy Tkachenko, CEO of VELUX Ukraine.
In particular, such equipment allows, for example, to set up ventilation programs on a schedule or activate automatic window closing thanks to a rain sensor.
By 2023, Velux products were manufactured in 11 countries. Last year, Ukraine became the 12th country where the Danish company established mass production of products for its international portfolio.
“The Velux Touch product manufactured in Ukraine meets the highest standards of quality and reliability, is sold in more than 60 countries and is very popular in the markets of Europe and Asia. Therefore, Velux Group management decided to launch the production of two more innovative devices for automated control of skylights in Ukraine, so that even more customers who use our products could see the Made in Ukraine mark on them as evidence of guaranteed quality and further development of our country’s economy,” said Tkachenko.
He said that this year, the line of GLL/GLU windows with remote opening capability, which are equipped with electrical equipment made in Ukraine, is very popular in the world. “Needless to say, such an enterprise is important for the country right now, in terms of employment, tax revenues and economic development,” Tkachenko added.
In the face of the full-scale invasion, Velux Group not only remains on the Ukrainian market, but also actively participates in Ukraine’s recovery programs. One of the priorities of Velux Group is to develop environmental solutions that can transform the construction industry and help create modern living spaces – affordable and healthy homes with a low carbon footprint.
Velux also supports the Children’s Living Places eco-housing project for children from foster families, initiated by SOS Children’s Villages Denmark, which involves the construction of three clusters of buildings in three communities.
“The Velux team is ready to join other projects to restore Ukraine’s housing stock and offer turnkey solutions that meet new concepts for creating modern housing,” said Tkachenko.
According to Opendatabot, Velux Ukraine LLC was established in 2001. Its founder is Velux A/S (Denmark).
Velux Group is a manufacturer of roof windows and sun protection accessories with offices in 40 countries and production facilities in 12 countries. Velux representative office in Ukraine was opened in 2001 and production started in 2023. The company’s products are sold in 70 countries.

Seaports exported 3.6 mln tons of agricultural products

In August this year, the cargo turnover of Ukrainian ports amounted to 7 million tons, which is more than twice as much as in 2023, when it was recorded at 3.3 million tons, the Ukrainian Sea Ports Authority (USPA) reported on its Facebook page.
“The leaders of cargo turnover are grain and ore cargo – 4 million tons (against 2.3 million tons in 2023) and 1.2 million tons (against 195 thousand tons in 2023), respectively,” the agency said.
At the same time, the cargo turnover through the Ukrainian sea corridor in August amounted to 5.9 mln tons, of which 3.6 mln tons were the products of Ukrainian farmers.
In total, in January-August 2024, Ukrainian ports handled almost 67 million tons of cargo, compared to 37.7 million tons in the same period a year earlier. The USPA summarized that 7769 vessels were handled compared to 9732 last year.

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Ukraine will allocate 8 thousand hectares for industrial hemp cultivation in 2025

In 2025, Ukraine will plant 8000 hectares of industrial hemp, said Igor Vishtak, Director of the Agrarian Development Department of the Ministry of Agrarian Policy and Food, during a visit to farms in Khmelnytsky and Vinnytsia regions.
He emphasized that the government is making efforts to revive hemp growing in the country. Law No. 3528-IX on state regulation of hemp plants has already been adopted, which will allow to increase the area under cultivation next year.
“Growing hemp for industrial purposes became possible after the adoption of the law on medical cannabis. Industrial hemp is also a variety of value-added products – food, light, pulp and paper, and other industries,” the press service of the Ministry of Agrarian Policy and Food quoted him as saying.
Vishtak noted that with the adoption of the law, industrial hemp has become interesting for Ukrainian agricultural producers. Changes in the legislation allow agricultural enterprises to rediscover a niche sector of agricultural production – industrial hemp farming, as hemp for industrial purposes is becoming an almost common crop, which will no longer require licenses or quotas.
The Ministry of Agrarian Policy pointed out that hemp cultivation contributes to soil aeration and cleansing of heavy metals such as zinc, copper, and lead. In addition, thanks to its scientific base, Ukraine has the best varieties of industrial hemp and can become a leading country in breeding. The Institute of Bast Crops of the National Academy of Sciences of Ukraine and the Institute of Agriculture of the North-East of the National Academy of Sciences of Ukraine are two of the leading scientific institutions that own hemp varieties. In addition, 11 other private agricultural enterprises are engaged in the cultivation of hemp seed material.