Average price of one square meter on the primary housing market in Kyiv by the end of 2019 could grow by 9% compared with the previous year, to $1,350, reaching the pre-crisis level of 2014. “Starting from the autumn, in the event of political stabilization, sales are expected to increase, and by the end of the year, prices will rise to the pre-crisis level of 2014,” Analyst at City One Development, a full-cycle development company, Olena Shyrin told Interfax-Ukraine.
According to City One Development, the growth of prices in the market in the first half of 2019 was facilitated by the stabilization and strengthening of the hryvnia exchange rate.
So, the average market price in the first half of the year was $1,296 per sq. m.
According to the company’s estimates, during the second quarter of 2019, sales began in nine new housing complexes with a total announced number of apartments of about 3,500. At the same time, six of them are of the business class, two are comfort and one of the economy class.
“In general, despite the elections and political instability, in the first half of 2019, the primary residential real estate market was expanded with 25 new residential complexes (taking into account the launch of 16 new residential complexes in the first quarter of 2019). Of these, seven are in the Pechersky district, presented in the business class,” City One Development said.
JSC Ukrposhta has introduced a new additional service for delivering small packages, “Postal Express to the United States,” the company’s press service has said.
According to the report, the service provides priority processing of departures at Ukrposhta, customs clearance and shipment of departures for direct flights to New York. Its launch took place in August and already tens of thousands of items were delivered in a new way.
The company said that during the testing of the service, for 90% of shipments the processing time from the moment of departure from any automated branch of Ukrposhta to the first scan in the USPS national mail system was from three to five days. Moreover, the full delivery time until delivery in any U.S. state, taking into account customs clearance in the two countries, for 80% of small packages ranged from four to ten days.
At the same time, the average delivery time for packages by the basic service is currently 14 days.
The board of directors of the European Bank for Reconstruction and Development (EBRD) has approved the issuance of up to $120 million to one of the largest Ukrainian agricultural groups, Kernel, on two projects within a syndicated loan to finance working capital.
According to information on the EBRD’s website, the decision was made on September 4.
Within the framework of one project, in particular, Kernel may receive up to $80 million to finance working capital, which is associated with the procurement, storage, transportation and sale of grains for export.
The total project cost is $300 million.
In addition, under another project, the EBRD intends to issue up to $40 million in the form of participation in a syndicated loan to finance Kernel’s working capital, which is related to the purchase, storage, processing, transportation of oilseeds and vegetable oil, as well as sale for export.
The cost of the entire project is estimated at $390 million.
Kernel is the world’s largest producer and exporter of sunflower oil, the leading producer and supplier of agricultural goods from the Black Sea region to the world markets.
U.S. Cargill Inc., a large private company on the global agricultural market and food production, in the coming two months plans to complete preparations for acquisition of shares in M.V. Cargo, which on September 6, 2019 officially launched the Neptune new grain terminal at the Yuzhny port with an annual capacity of 5 million tonnes, Cargill Vice President Roger Janson has said. “Then we move on to acquisition,” he said at a press conference.
Janson said that the contract with M.V. Cargo does not contain time framework regarding the acquisition of the shares.
As reported, Cargill, the Ukrainian Sea Ports Authority and M.V. Cargo LLC (Vizirka village, Lyman district, Odesa region), created by the co-founders of the largest Ukrainian private stevedore TIS Andriy Stavnitser and his older brother Yehor Hrebennikov, in August 2015 signed a tripartite memorandum of intent to implement an investment project in the Yuzhny seaport.
In February 2016, Cargill entered into an agreement with M.V. Cargo to invest $100 million in the construction of a grain terminal and the subsequent acquisition of a 51% stake in M.V. Cargo.
Ukrainian tennis player Elina Svitolina, who reached the semi-finals at the U.S. Open, which ended recently, climbed third place in the ranking of the Women’s Tennis Association.
In the updated rating, published on Monday, she rose from the fifth to the third line.
JSC Kovalska Reinforced Concrete Structures Plant, part of Kovalska Industrial and Construction Group, has received permission to purchase Energy Product LLC, one of the largest manufacturers of aerated concrete in Ukraine, and intends to complete the deal by late September this year, the press service of group has told Interfax-Ukraine.
“This transaction is one of the largest in Ukraine in the construction market. We, as the market leaders, are interested in diversifying our business lines, expanding our regions and developing new types of construction materials. The aerated concrete market has a high development potential. This asset will allow us to further satisfy the needs of clients in assortment. According to the group’s strategy, we plan to continue expansion in the southern and western regions,” Serhiy Pylypenko, the director general of Kovalska Group, said.
Energy Product LLC (Nova Kakhovka) was established in 2013 and is the fourth largest producer of aerated concrete in Ukraine. The plant’s capacity is 450-500 cubic meters of aerated concrete per year.
Kovalska Industrial and Construction Group has been operating in the construction market of Ukraine since 1956. The company is the leading manufacturer of construction materials, the developer and builder of Ukraine.
