Business news from Ukraine

Business news from Ukraine

“Avtomagistral-Pivden” invested $15 mln in re-equipment during war

The leader of the Ukrainian road construction market, Avtomagistral-Pivden LLC, has invested about $15 million in re-equipment during the war, said Mykola Tymofeev, CEO of Avtomagistral-Pivden LLC, in an exclusive interview with Interfax-Ukraine.
“During the war, we invested approximately $15 million in re-equipment, primarily in equipment for third-level industrial construction: cranes, drilling rigs, concrete plants. We have brought to Ukraine the most powerful drilling rig in the country with a drilling depth of up to 120 meters. We have recently purchased up to 50 combined machines for winter operation,” said Timofeev.
He also added that the number of employees is much lower than before the war.
“At the beginning of the war, we employed 7.5 thousand people. In 2022, we dropped to 2,000. Today, taking into account all the facilities, we have 3,800 employees. Many of the administrative staff have been laid off, and more than 500 employees have been mobilized,” he said.
Avtomagistral-Pivden LLC has been on the market since 2004. It designs and builds highways, bridges, interchanges, airfield complexes, and hydraulic structures. The company’s owner is listed in Opendatabot as Oleksandr Boyko. According to the financial results for 2023, the company’s net profit amounted to UAH 624.9 million, and revenue was UAH 8.215 billion.

Source: https://interfax.com.ua/

TAS Agro has completed sowing winter crops on 38 thousand hectares

TAS Agro Agro has completed sowing winter crops for the 2025 harvest on 38 thou hectares, the company’s press service reported on Facebook.
According to the report, 15 thou hectares were allocated for winter rapeseed and about 23 thou hectares for winter wheat.
The agroholding noted that despite abnormally dry conditions in August and the first half of September, the company’s specialists managed to get high-quality winter rapeseed seedlings in all clusters. Winter wheat was sown in a short time.
“Wheat in the crop rotation in 2024 occupies a quarter of the agricultural holding’s area and required concentrated efforts and coordinated work of all departments to ensure timely sowing and root system formation before the onset of cold weather. As of today, the company has received winter crops that are in good and satisfactory condition,” said Oleg Zapletnyuk, CEO of TAS Agro.
The agroholding continues to thresh corn, prepares the soil for the next season and completes the sugar beet harvest. The average corn yield is 8 tons per hectare, which is significantly higher than the national average.
TAS Group was founded in 1998. Its business interests include the financial sector (banking and insurance) and pharmacy, as well as industry, real estate, and venture capital projects.
Before the war, TAS Agro Group cultivated 83,000 hectares in Vinnytsia, Kyiv, Kirovohrad, Chernihiv, Mykolaiv, Sumy, Kherson and Dnipro regions, where it grows soybeans, sunflower, rapeseed, wheat, barley and corn. In addition, the agricultural holding is engaged in dairy farming (up to 5.5 thousand heads of cattle) and owns six elevators with a one-time storage capacity of 250 thousand tons.
The founder of TAS is Sergey Tigipko.

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Ichnia Dairy Plant invests UAH 150 mln in cheese production and builds farm

In 2025, Ichnia Milk and Canning Plant PJSC (ICCP, Chernihiv region) will launch a cottage cheese production line, for the construction of which it has raised UAH 150 million under the state program “Affordable Loans 5-7-9%” and will build a dairy farm, according to Vitaliy Koval, Minister of Agrarian Policy and Food.
“I visited the company and talked to the management. Despite the war, the plant has not stopped. Today, it employs about 300 people. The average salary at the enterprise is over UAH 19 thousand. Last year, they paid UAH 28.7 million to the budgets of various levels,” he said during a visit to the plant as part of a working trip to Chernihiv Oblast.
According to him, the company’s plans for 2025 include not only the launch of a new line with a capacity of 300 tons per month, but also the construction of a farm for 4,000 cattle.
Mr. Koval noted that Ichnia Dairy and Cannery manufactures its products according to international standards. The production capacity of condensed milk is 24 thousand tons per year. The company exports its products to Asia, Africa, America and Europe. In the first nine months of 2024 alone, this amount amounted to 3.3 thousand tons.
“The Ministry of Agrarian Policy supports the export orientation of Ukrainian processors, as one of our priorities is to open new markets for domestic products. And the management of Ichnia Dairy and Cannery already has experience that they can share with their colleagues,” the Minister of Agrarian Policy summarized.
“Ichnianskyi Dairy-Canning Plant is part of the Proviant group of companies, which is a distributor and exporter of condensed milk produced by the plant. Proviant LLC is a member of the group of the same name along with other companies engaged in the production and sale of dairy products.
According to the information in the NSSMC disclosure system, the shareholders with large stakes in IMCC are Proviant LLC, which owns 53.7% of the shares, and Hyperion Invest Closed Non-Diversified Venture Corporate Investment Fund, which owns 43.92%.
According to information on its website, IMCC occupies about 25% of the domestic market in the segment of products it produces (bottled milk and condensed milk) and exports them to 38 countries. Its brands are Ichnia, MamaMilla and Milada.

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Exports of grains and oilseeds from Ukraine, mln tons

Exports of grains and oilseeds from Ukraine, mln tons

Open4Business.com.ua

Polymarket accepts bets: will Trump be able to end war in Ukraine in 90 days?

The cryptocurrency forecasting platform Polymarket has launched a betting platform that will allow you to place bets on whether Donald Trump will be able to end the war in Ukraine in 90 days if he wins the 2024 US presidential election.
A “yes” bet requires two conditions to be met:
Donald Trump wins the US presidential election.
Ukraine and Russia declare a truce, ceasefire, or conclude an agreement to resolve the current conflict at any time from the time the Associated Press announces Trump’s victory until April 19, 2025 (23:59 EST).
At the time of publication, the probability of this scenario is 46%.
Polymarket is an open market prediction platform where users can place bets on the outcomes of various events, including political, economic, and social issues.

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What changes in real estate market took place in October: DIM.RIA research

The analytical center of the Ukrainian real estate marketplace has studied changes in the primary and secondary real estate market and the rental housing market. Experts noted a high demand for the number of ads for the rental and sale of secondary housing, as well as higher prices in such offers.

Primary market

Supply.

At the end of October 2024, sales departments in 77% of new buildings remained active. Over the past month, 11 new buildings with 25 sections were commissioned in Ukraine, including two new buildings in Kyiv and four in the Kyiv region.

Prices.

The average price per square meter in local currency increased slightly in most regions of Ukraine during the month. Year-on-year prices also mostly increased in the regions far from the combat zone, most of all in Kirovohrad, Volyn and Ivano-Frankivsk regions (11-20%). Kyiv remains the most expensive city on the primary market with an average price of $1,330 per m².

Demand

October was marked by a decline in interest in primary housing among users from all regions. The most significant decline in the number of interested users compared to September occurred in Zaporizhzhia and Kharkiv regions (-43% and -37%, respectively).

Secondary market

Supply.

In October, the number of offers on the secondary housing market increased in Kyiv, Chernihiv, Rivne, Zaporizhzhia and Ivano-Frankivsk regions. Compared to October 2023, the number of offers increased mainly in the western regions of Ukraine.

Price.

DIM.RIA analysts noted that the sale price of a one-bedroom apartment in October fluctuated in most regions within a few percent, while compared to the data for October 2023, it mostly increased. Over the month, Zakarpattia (+9%) and Rivne (+10%) regions showed the highest growth. Kyiv remains the city with the most expensive housing: in October, owners offered buyers to pay an average of $83.7 thousand for a one-bedroom apartment. If we consider the capital in more detail, the most expensive is the Pecherskyi district with an average price of a one-bedroom apartment of $133.9 thousand, and the most budgetary is the Desnianskyi district, $43.8 thousand.

Demand

During the month, users’ interest in secondary housing also declined, most strongly in Zaporizhzhia, Mykolaiv and Chernihiv regions. However, the number of user responses in each region exceeded the number of ads added.

The ratio of the number of purchase ads to the number of responses to them in October was 1:3 in Kyiv, 1:5 in Lviv region, 1:4 in Dnipropetrovska, 1:3 in Odesa and 1:6 in Kharkiv.

Rental market

Supply.

In the rental market in October, the number of housing offers increased in all regions except Ivano-Frankivsk, Zakarpattia, Volyn and Rivne regions. Significantly more new offers compared to September appeared in Kirovohrad, Khmelnytskyi, Dnipro and Kyiv regions.

Price

October brought a slight decline in rental prices in half of the regions of Ukraine, in particular in Kirovohrad and Khmelnytsky. Nevertheless, rental prices increased across the country. Kyiv remains the most expensive city for rent, where owners on average offer UAH 18,218 for a one-bedroom apartment. The lowest prices in Kyiv can be found in the Desnianskyi district, with an average of UAH 12,840 per one-bedroom apartment, while the most expensive district is Shevchenkivskyi, with an average monthly rent of UAH 22,679.

Demand

In October, users searched for rental housing less compared to September. The most significant outflow occurred in Odesa (-25%) and Volyn (-20%) regions. During the year, interest in renting revived in Lviv, Ternopil, Chernivtsi and Odesa regions.

In October, the ratio of the number of rental ads to the number of responses to them was 1:4 in Kyiv, 1:15 in Lviv region, 1:10 in Dnipropetrovs’k region, 1:14 in Odesa region and 1:13 in Kharkiv region.

The report file is at the link!