Business news from Ukraine

Business news from Ukraine

Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Impact of electricity deficit on real GDP vs no deficit, % (forecast up to 2024)

Source: Open4Business.com.ua

Zelenskyy considers holding elections after ceasefire

Ukraine is not ruling out holding elections in the near future (after a full ceasefire is established), The Economist writes, citing government sources.

“Government sources say that Mr. Zelensky called a meeting last week to instruct his team to organize a vote after the full ceasefire, which the Americans believe they can implement by the end of April (Easter Sunday, April 20),” the article says.

It is indicated that the first confirmation may appear on the eve of or on May 5, when the parliament is to vote on the extension of martial law, which expires on May 8.

As reported, Zelenskyy himself has repeatedly stated that elections are impossible during the war. Thus, on March 12, he said at a briefing: “After the war is over, martial law will be lifted, and after it is lifted, elections will be held in accordance with Ukrainian law. No one will postpone anything on purpose.”

Oschadbank sells Ukrlandfarming’s debts at auction for UAH 5 bln

Oschadbank has put up for sale at auction the right to claim under loan agreements and relevant security agreements to borrowers of Oleg Bakhmatyuk’s Ukrlandfarming group of companies at a starting price of UAH 4,984,663,467.30 (excluding VAT), the bank’s press service reports.

According to the report, the property of Rise-Maximco PJSC, Avangard Agroholding PJSC, Impevo Foods LLC, and Pacco Holding LLC is up for auction.
These loans are secured by production assets throughout Ukraine, including elevators, poultry farms, an egg processing plant, etc., as well as guarantees from individuals and legal entities.

The auction is scheduled for April 14, 2025.
“Ukrlandfarming is one of the largest agricultural holdings in Eurasia. It is engaged in grain growing, cattle breeding, distribution of machinery, fertilizers and seeds.

“UkrLandFarming remains one of the largest agricultural holdings in Ukraine, despite $1.2 billion in losses from Russia’s military aggression against Ukraine. In particular, we are talking about the largest poultry farm in Europe, Chornobaivska (Kherson region), where 4.5 million poultry were killed, property and communications were destroyed, and the occupiers took the equipment to the territory of the Russian Federation. The enemy also destroyed a number of poultry farms in other regions: poultry farms in Mykolaiv region, Donetsk region (Donetsk poultry farm, as well as in Volnovakha and Bakhmut), and poultry farms in Kyiv region were destroyed, looted or significantly damaged by shelling. The company lost 160,000 hectares of arable land for agricultural production, and regional bases and elevators in Kherson, Mykolaiv, Donetsk, Luhansk, Zaporizhzhia, and Kharkiv regions, as well as in Kyiv region and near Kyiv, were destroyed and looted.

A significant portion of ULF’s financial obligations have been in default since 2017. In November 2017, a group of international creditors, Ukrlandfarming and Avangard, in a letter to the Ukrainian government, estimated the total amount of ULF’s debt obligations at approximately $1.65 billion: about $1.25 billion of debt obligations to international creditors and about $400 million to Ukrainian banks (including state-owned banks). In turn, the debt to international creditors, according to their data, amounted to approximately $775 million in the form of Eurobonds and $475 million in the form of loans to European and American banks (and their respective credit risk insurers).

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We will get Greenland 100% – Trump

US President Donald Trump has expressed confidence that Greenland will become American.

“We will get Greenland – 100%,” he said in an interview with NBC News.
According to the American president, “there is a good possibility that it will be possible to do it without the use of military force, but you can’t rule anything out.”

Asked what signal the Greenland acquisition would send to Russia and the rest of the world, Trump said, “I don’t really think about it. I don’t really care. Greenland is a totally separate issue, totally different. It’s international peace. It’s international security and strength.”

The other day, U.S. Vice President J.D. Vance visited Greenland. According to him, the island is likely to gain independence from Denmark in the future, after which the US will start working with Greenland to establish bilateral relations.
Earlier, Trump repeatedly said that he would like to see Greenland as part of the United States.

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Energy imports, forecast, billion dollars

Energy imports, forecast, billion dollars

Source: Open4Business.com.ua

Overview of office real estate in Riga by Relocation

In 2024, the office real estate market in Riga demonstrates stability, supported by economic growth and increased business activity. Despite the moderate pace of construction of new business centers, the demand for modern office space remains high, especially in the city’s central districts and business zones.

Rental prices in different districts of Riga

  • Thecenter of Riga ( Old Town, Kr. Barona Street, Brivibas Street):
  • The most prestigious business centers and historic buildings converted for office use are located here. The average rental price varies from €12 to €20 per m² per month, and in the top premium locations – up to €25 per m².
  • Skanste (modern business district):
  • A rapidly developing business area with modern office buildings and convenient infrastructure. Average rental rates are €10-18 per m², and in new Class A properties they can reach €22 per m².
  • Purvciems, Teiki, Imanta (residential areas):
  • These districts offer more affordable options for small and medium-sized businesses. Office rental prices here range from €7-12 per m², making them attractive for startups and small companies.

Trends and forecast until the end of 2025

  • Growing demand for flexible office space
  • Coworking and short-term office space continues to gain popularity, especially among IT companies and freelancers.
  • Limited new construction
  • The pace of commissioning of new business centers remains restrained, which supports the level of prices, especially in the central areas.
  • Stability of rental rates
  • Office rents in Riga are expected to remain stable until the end of 2025, with possible minor adjustments depending on the economic situation and demand in key business zones.

Thus, the office real estate market in Riga continues to develop, remaining attractive to occupiers, especially in modern business centers and flexible office spaces.

Source: http://relocation.com.ua/ohliad-ofisnoi-nerukhomosti-ryhy-vid-relocation/

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