Business news from Ukraine

Business news from Ukraine

Population structure of Ukraine (data from ukrainian institute of future)

Population structure of Ukraine (data from ukrainian institute of future)

Source: Open4Business.com.ua and experts.news

Japan plans to give Ukraine more than $100 mln for reconstruction

Japan plans to donate 15.8 billion yen (about $106 million) to Ukraine for the country’s post-war reconstruction, particularly in the areas of demining, agriculture, bio- and information technology, Kyodo News reports.

“Japan will pledge 15.8 billion yen ($106 million) to help rebuild Ukraine after war damage in seven areas, such as infrastructure reconstruction and demining,” the agency wrote on Sunday, citing sources familiar with the situation.

It is expected that “at the Japan-Ukraine Conference on Promoting Economic Reconstruction to be held on February 19 in Tokyo, the two governments will agree on Japan’s participation in the post-war reconstruction of Ukraine and sign more than 10 memorandums of cooperation.”

The conference will be attended by the prime ministers of the two countries, Fumio Kishida and Denys Shmyhal, as well as representatives of industry and business.

According to the agency, the aid “will be used to provide demining equipment and temporary bridges, as well as other resources urgently needed to help rebuild the war-torn country… The seven areas of cooperation also include agriculture, humanitarian relief, biotechnology and industrial development, information technology, as well as governance and anti-corruption measures.”

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Lithuania donates winter gear and warm clothing for Ukraine’s military

A new military support package from the Lithuanian Ministry of National Defense arrived in Ukraine on February 9.

As reported on the Lithuanian defense ministry’s website on Friday, it includes the necessary equipment for the winter season and tens of thousands of sets of warm clothing for the Ukrainian army.

“We are providing tens of thousands of Ukrainian soldiers with equipment and clothing that are essential for outdoor operations in the cold season. Each of our support packages is an additional step towards victory,” said Arvydas Anušauskas, Minister of National Defense of Lithuania.

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Number of dead and wounded civilians in Ukraine from 24.02.2022 till 05.12.2023 un data

Number of dead and wounded civilians in Ukraine from 24.02.2022 till 05.12.2023 un data

Source: Open4Business.com.ua and experts.news

“Kovalska” to acquire transportation company Winter Cargo

The Antimonopoly Committee of Ukraine (AMCU) has authorized Kovalska Syrovyna LLC of Kovalska Group to acquire a stake in Winter Cargo LLC (Kyiv).

According to the Committee’s decision of February 8, Kovalska Syrvoryna received permission to acquire a stake that ensures exceeding 50% of the votes in the supreme management body of Winter Cargo.

According to Opendatabot, Winter Cargo is engaged in cargo transportation by road and river transport. Its owner is listed as ZNVKIF Skyfall JSC, and the ultimate beneficiaries are Anna and Karina Zlochevsky, registered in Cyprus (daughters of the former Minister of Ecology and Natural Resources of Ukraine Mykola Zlochevsky – IF-U).

As reported, in 2023, Kovalska Group acquired companies and equipment for the extraction of river sand in Kyiv and Chernihiv regions. The company plans to produce up to 1 million tons of river sand per year.

Kovalska Industrial and Construction Group has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation. The group also includes Kovalska Real Estate, which is engaged in the construction of residential properties in Kyiv. Its portfolio includes more than 20 completed residential projects.

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DTEK acquires Stryde system for seismic surveys

DTEK has purchased a system that will increase the efficiency of oil and gas field development.

“Our team has started using the Stryde cable-free seismic survey system, which will help us: conduct exploration at greater depths, improve the accuracy of forecasts, and abandon heavy equipment,” the energy holding said on its Telegram channel on Friday.

According to DTEK, the system has already been successfully used at one of the fields in Poltava region and made it possible to abandon heavy trucks.

As reported, DTEK Oil&Gas produced 2 billion cubic meters of natural gas in 2022 (2.06 billion cubic meters in 2021). In 2023, the company intends to invest $120-130 million in gas production. 70% of these funds will be used to develop new fields.

In November 2022, DTEK Oil&Gas companies acquired the right to develop two gas fields in Poltava region at an open auction: Mayorivska field for UAH 1.102 billion and Birkivsko-Zinkivska field for UAH 211 million.

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