Business news from Ukraine

Business news from Ukraine

Ukrainian KMZ Industries has built large grain elevator in Moldova

KMZ Industries (Karlovsky Machine-Building Plant, KMZ, Poltava region) has implemented one of the largest grain storage projects in southern Moldova—the ORIZONTUL-LUX grain elevator, the company’s press service reported on Facebook. According to the report, the facility has four flat-bottom silos with a total capacity of 10,000 tons, four hoppers (one for truck loading) with a total capacity of 1,100 tons, a Brice-Baker grain dryer with a dust suppression system, and a complete automation system.

The company specified that the dryer runs on gas, which is the most optimal option for local conditions. It provides effective drying of corn, wheat, and sunflowers.

The silos and main structures were installed by specialists from the owner company, whose main activity is construction. The work was carried out under the technical supervision of KMZ Industries’ chief installers. The installation of the automation system, software configuration, and commissioning were carried out by specialists from the automation and electrification department of KMZ Industries.

The new ORIZONTUL-LUX elevator has become one of the largest grain projects in southern Moldova.

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

According to the company, it has built more than 5,000 facilities. KMZ Industries silos with a total volume of more than 12.5 million cubic meters are in operation.

 

Kyiv and most regions of Ukraine will experience cool and rainy weather in coming days.

On Sunday, November 9, light to moderate rain is expected at night in Zakarpattia, Prykarpattia, and Odesa regions, and during the day on the right bank. The rest of the country will see no precipitation, according to the Ukrainian Hydrometeorological Center.

On the Left Bank, in the Carpathians, and in the Carpathian region, there will be fog at night and in the morning. The wind will be mainly southerly, 3-8 m/s. The temperature at night will be 2-7°, in the south up to 10° above zero, during the day 7-12°, in the south of the country up to 15°.

In Kyiv, there will be no precipitation on the night of November 9, with light rain during the day. The wind will be from the south, 3-8 m/s. The temperature at night will be 5-7°C, and during the day 9-11°C.

According to data from the Boris Sreznevsky Central Geophysical Observatory, the highest daytime temperature in Kyiv on November 9 was 17.8°C in 2010, and the lowest nighttime temperature was -15.0°C in 1888.

On Monday, November 10, there will be light rain (in some places in the west and north of the country). At night and in the morning, there will be fog in some places in Ukraine. The wind will be mainly westerly, 3-8 m/s.

The temperature at night will be 5-10°, in the Carpathians 0-5° above zero, during the day 9-14°; in the south of the country at night 7-12°, during the day 12-17°.

In Kyiv on November 10, there will be light rain in some places, with a westerly wind of 3-8 m/s, nighttime temperatures of 7-9°C, and daytime temperatures of 11-13°C.

 

Swiss trader Gunvor has declined to purchase Lukoil’s foreign assets

According to Serbian Economist, Swiss trader Gunvor has declined an offer to purchase Lukoil’s international assets after the US Treasury Department stated that it would not approve the deal and called the company a “puppet of the Kremlin.” This was reported by Reuters, the Financial Times, and AP.

In early 2025, Lukoil announced that it had accepted Gunvor’s offer to acquire Lukoil International GmbH, subject to obtaining approvals, including an OFAC license. Following the US Treasury Department’s statement, Gunvor withdrew its offer.

The US agency made it clear that the license would not be issued until Russia ended its war against Ukraine. Gunvor rejected the accusations, stating that it had distanced itself from Russian operations and severed ties with Gennady Timchenko in 2014, but confirmed its withdrawal from the deal.

According to media reports, the asset portfolio discussed in the deal was valued at $20-22 billion and included refineries and distribution networks in Europe, as well as stakes in projects abroad.

Gunvor’s refusal increases uncertainty surrounding the future of Lukoil’s foreign assets amid US sanctions coming into force on November 21.

The media lists the following countries as part of the Lukoil asset package that was discussed in the failed deal with Gunvor:

  • Oil refineries and processing
  • Bulgaria — Lukoil Neftohim Burgas, 190,000 barrels per day. Romania — Petrotel Ploiești. A number of reports also mentioned related European facilities and terminal infrastructure.
  • Sales networks and fuel logistics
  • Romania, Bulgaria, Serbia, North Macedonia, Croatia, Montenegro, Turkey.
  • Production projects and shares in fields
  • Iraq — West Qurna-2, etc. Kazakhstan — shares in the TSHO, Karachaganak, and other projects. Uzbekistan — a number of projects in Gissar, etc. Mexico — offshore blocks. A number of reviews also mentioned the UAE, Egypt, and Azerbaijan.

Source: https://t.me/relocationrs/1707

 

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Apartment prices in Serbia rose by 5.78% in the second quarter of 2025

Apartment prices in Serbia in the second quarter of 2025 were 5.78% higher than a year earlier; compared to the first quarter, the increase was 1.36%, according to the statistics agency. In the old housing stock, annual growth reached 5.89%, and in new buildings, 5.57%.

According to Eurostat data for the same period, the average growth in housing prices in the EU was 5.4% year-on-year, with significant variations: from a decline of 1.33% in Finland to growth of 17.23% in Portugal, 15.51% in Bulgaria, and 15.12% in Hungary.

The main trends in the real estate market in Serbia at the moment are as follows:

1) The balance of demand is shifting in favor of fully finished apartments and energy-efficient new buildings in large agglomerations, primarily in Belgrade and Novi Sad.

2) The price gap between new buildings and secondary housing remains significant, but the rates of increase are similar — 5.57% versus 5.89% year-on-year, indicating broad demand support for both segments.

3) The external background is neutral-positive: Serbian dynamics are close to the European average, but without the overheating characteristic of a number of EU markets.

Vera Yegorova-Tolsta, director of the Vidovstan real estate agency (Belgrade), commented on the market situation for Serbian Economist:

“We see sustained interest in well-located properties with clear operating economics — these are new business-class buildings and liquid secondary properties with reasonable utility costs. Buyers have become more careful in comparing options in terms of energy efficiency and management infrastructure, which supports quality projects even at a higher price per square meter. In Belgrade, offers that meet these criteria continue to sell quickly, thanks to local demand and buyers moving from other cities.”

Given the current trajectory of interest rates and household incomes, the baseline scenario is moderate price growth within the limits of inflation plus a premium for location and energy efficiency.

Risk factors for prices include a slowdown in mortgage lending and rising developer costs; support factors include limited supply in prime locations and a moderate influx of internal migrants to the Belgrade agglomeration.

Source: http://relocation.com.ua/apartment-prices-in-serbia-rose-by-578-percent-in-the-second-quarter-of-2025/

 

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Naftogaz of Ukraine and Greek company plan to establish US LNG supplies to Ukraine

The Naftogaz Group and Greek company ATLANTIC-SEE LNG TRADE S.A. have signed a memorandum of cooperation with the aim of diversifying liquefied natural gas (LNG) supply routes to Ukraine, according to Sergey Koretsky, CEO of Naftogaz of Ukraine.

“On the sidelines of P-TEC, we signed a memorandum with the Greek company ATLANTIC-SEE LNG TRADE S.A. It concerns future regular supplies of American gas to Ukraine via Greek gas terminals and the Vertical Corridor,” Koretsky wrote on Facebook on Friday.

The long-term partnership is set to last until 2050 and will allow for the gradual implementation of new strategic projects.
He mentioned ensuring stable long-term LNG supplies for Ukraine, integrating Ukrainian infrastructure into LNG logistics routes to Europe, and creating a sustainable system for the supply and storage of American LNG.

“We are laying a new foundation for transatlantic cooperation with our partners. This is another step towards long-term energy stability for Ukraine and new opportunities,” commented the head of Naftogaz.

As reported, on the same day at P-TEC, Naftogaz Group agreed with Poland’s ORLEN and American partners on new supplies of American LNG to Ukraine in the amount of at least 300 million cubic meters for a stable heating season.

As of October 1, Ukraine had already received 400 million cubic meters of American LNG.

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Lithuanian company sold Mukachevo knitwear factory “Mriya”

Translum LLC (Mukachevo, Zakarpattia region) became the owner of more than 98.87% of the shares of Mukachevo Knitwear Factory “Mriya” JSC, previously owned by Utenos Trikotazas JSC (Utenos Trikotazas, Lithuania).

According to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant purchase and sale agreement was signed by the parties on October 24 of this year.
According to YouControl, Translum LLC was registered on July 23 of this year with a registered capital of UAH 5 million, specializing in the production of knitwear and knitted clothing. The owner and ultimate beneficiary is local entrepreneur Vladislav Vitvinov.

Mukachevo Knitting Factory Mriya, a knitwear manufacturer founded in 1973, has been a subsidiary of Utenos Trikotažas since 2005.
The main supplier of raw materials and buyer of finished products is Utenos Trikotazas, which owned 98.95% of the factory’s shares.

According to the company’s financial report to the National Securities and Stock Market Commission, in 2024 it incurred a loss of UAH 7.4 million (46.6% less than in 2023) with a 15% reduction in net income to UAH 20 million.
As of the beginning of this year, the factory employed 84 people (compared to 113 a year earlier).

The authorized capital of JSC Mukachevo Knitting Factory Mriya is UAH 5.13 million, with a share par value of UAH 0.1.

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