Where most businesses are moving to
11,083 companies changed their legal registration address in 2024, according to the Unified State Register. Most of them are engaged in wholesale trade and construction. Kyiv became the leader in terms of registered and discharged businesses: almost the same number of companies relocated here and there last year.
More than 11 thousand companies relocated from one region to another last year. Relocations of companies due to the war decreased by 18% over the year. It is also 25% less than before the full-scale war.
32% of these companies are engaged in wholesale trade, and another 6% in construction. Real estate businesses round out the top three migrant companies with 4.8%.
Most businesses left Kyiv – 36.6% or 4 thousand companies. Another 10% each left Kyiv and Dnipro regions.
At the same time, the same regions are the most popular places for business relocation. 28% of companies registered in Kyiv. Another 11% relocated to Kyiv region, and 10% to Dnipropetrovs’k region.
The most popular relocation routes are as follows:
The largest company by revenue in Q3 2024 that relocated was ZE.TEK (UAH 6.7 billion), which trades in gas. Last year, it moved from Rivne region to Kyiv, but returned in 2025.
KVORUM-NAFTA(UAH 5.7 billion), a paper products company, relocated from Mykolaiv region to Kyiv. And ZOLOTYI DRAKON (UAH 4 billion in revenue), a wholesale company, moved from Vinnytsia region to Kyiv.
Context.
It is worth noting that companies can change their legal addresses several times a year. For example, Albakor, a wholesale trade company (UAH 4 billion in revenue), moved 5 times last year from Zaporizhzhia region to Dnipro region and back. Currently, the business is registered in the Dnipro region.
https://opendatabot.ua/analytics/business-migration-2024
In 2025, Metinvest Mining and Metallurgical Group will invest more than UAH 2.5 billion to modernize Kametstal, a steel plant built at the facilities of Dnipro Metallurgical Plant (Kamianske, Dnipro region).
According to the press release, KAMETSTAL has launched a record investment program for 2025.
It is noted that in difficult wartime, KAMETSTAL, along with other Metinvest Group companies, continues to work systematically on construction and reconstruction to improve production reliability and efficiency. Since the first days of January 2025, the company has started implementing this year’s investment program with a total planned budget of over UAH 2.5 billion.
Among its most important items is the overhaul of blast furnace No. 9, which will account for almost a third of the program’s budget, as its primary objectives are to maintain the efficiency of the main equipment and technological processes to ensure stable production of commercial products.
Another priority is a pilot investment project to build an alternative power plant with solar panels. No such projects have been implemented at Metinvest’s enterprises before. Pre-project studies are currently underway, and practical ways to address this new challenge are being identified.
“This year, a record-breaking total budget of $59.8 million is being invested in the program, a significant part of which is aimed at maintaining and updating the main production equipment, which is a springboard for further development and modernization of the enterprise. In total, we plan to implement 114 investment projects of varying importance during the year. Key equipment will be overhauled in the main production shops. The resumption of production will allow the company to renew its presence and enter new markets for this product, thus generating additional profit,” said Mikhail Koptev, Director of Capital Construction and Investments at Kametstal.
The company’s plans to modernize the energy sector infrastructure include a significant focus on the construction of water pipelines. KAMETSTAL’s water and gas pipelines are long-distance communications that require systemic upgrades. In the near future, we plan to install water pipes for the blast furnace shop.
The 2025 program also includes the start of construction of the first start-up complex for a large-scale project to build a new blast furnace gas collector, and one of the most important reliability projects is the modernization of the drive control system for continuous casting machine (CCM) No. 1.
“Kametstal was created on the basis of PJSC Dnipro Coke and Chemical Plant (DCKhZ) and PJSC Dnipro Metallurgical Plant (DMK).
According to the 2020 report of Metinvest Group’s parent company, Metinvest B.V. (Netherlands) owned 100% of the shares in DCCP.
US Vice President J.D. Vance and Ukrainian President Volodymyr Zelenskyy will hold a bilateral meeting during the Munich Security Conference, which starts on February 14, CBS News reports. According to the outlet, Zelenskyy will lead the Ukrainian delegation to the annual Munich Security Conference, which will run from February 14 to 16 in Germany.
During the event, Zelenskyy is scheduled to meet with US Vice President Vance, who will also attend the conference.
As reported, President of Ukraine Volodymyr Zelenskyy will lead the Ukrainian delegation to the Munich Security Conference next week, where the Ukrainian side will present the country’s position on ending the war and its vision of how to achieve “a lasting and durable peace,” said the head of the Office of the President of Ukraine Andriy Yermak.
Earlier, US President Donald Trump’s special envoy for Ukraine and Russia, Keith Kellogg, said he would take part in a security conference in Munich to talk about ending the Russian-Ukrainian war.
It is expected that Trump’s special envoy will also visit Kyiv after the Munich Security Conference, around the end of February.
The Munich Security Conference will take place on February 14-16.
Zaporizhzhia Iron and Steel Works “Zaporizhstal” saved $590 thousand in 2024 due to innovations in the cold rolling mill (CRM).
According to the company, the shop’s specialists not only have the knowledge to improve the mechanical properties of metal, but also to increase the efficiency of the production process itself.
“For example, in 2024 alone, the professionals of the CPP implemented solutions that brought $590 thousand in savings. This is a significant contribution to the joint work to improve competitiveness,” the company says.
In addition, a team of initiative rollers used a new approach to the production of 2.3-2.5 mm thick plates as part of the Proposal Submission System (PSS). Now, the metal first goes through all the processing stages in the form of a coil, and only then is it cut into sheets and prepared for shipment to consumers, which significantly reduces the amount of scrap.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries around the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management PrJSC (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
In 2025, Agro-Region will return to traditional crop rotation, the agricultural holding’s press service reported on Facebook.
“Returning to traditional crop rotation will allow the company to use resources more efficiently, ensuring stability and increased yields,” said Ivan Andriychuk, director of the agroholding’s Kyiv cluster.
According to him, Agro-Region has already allocated 1.5 thou hectares for winter wheat, which is 14.6% of the total production area and is 11% less than in 2024. The area under soybeans has been reduced by one third – 1.4 thou hectares (13.7%) and halved under sunflower – 1.8 thou hectares (17.6%). At the same time, the area under winter rapeseed increased by 15% to 1.1 thou hectares (10.7%) and corn doubled to 4.6 thou hectares (43.4%).
Mr. Andriychuk explained that the company responds promptly to changes in agricultural prices, military risks and staff shortages, which also affect crop rotation adjustments.
“These factors help us to remain adaptable and ensure stable operations in the face of global challenges,” he summarized.
Agro-Region owns a land bank of 39 thousand hectares in Kyiv, Chernihiv, Zhytomyr and Khmelnytsky regions. It specializes in crop production. It consists of 11 companies organized into four crop production clusters. It has two elevators: Boryspil with a capacity of 73 thousand tons and Myropil with a capacity of 52 thousand tons.
Agro-Region’s annual harvest of grains and oilseeds is up to 200 thousand tons.
In April 2021, the Swedish company Lobiu Sala AB, owned by the former Minister of Economy of Ukraine Aivaras Abromavičius, received permission from the Antimonopoly Committee of Ukraine to buy the Swedish Agro Region Stockholm Holding, which manages the Agro-Region group of companies in Ukraine.
The State Fund for Youth Housing Construction (Derzhmolodzhytlo) has provided housing for 2,240 families during the period of housing programs for internally displaced persons (IDPs), and plans to solve the housing issue of about 1,400 more families in 2025, the press service of Derzhmolodzhytlo told Interfax-Ukraine.
“In total, as of February 6, 2025 (and since 2017, when IDPs appeared as a separate category in state and local housing programs – IF-U), the State Youth Housing Agency has provided housing for 2,240 IDP families. In particular, 996 IDP families received a loan program funded by a grant from the German government through KfW Development Bank for a total of UAH 1.627 billion,” said Mykola Marchuk, Chairman of the Board of the State Agency for Housing and Urban Development.
In addition, 890 IDP families received loans under the program of providing citizens with affordable housing at the expense of the state budget, which was financed in 2017-2019. Another 138 families received government loans for IDPs and ATO (JFO) participants to purchase housing. Active lending took place in 2019. Today, new loans are provided through the repayment of previously issued loans. In addition, 110 families received loans through local targeted programs, and 106 families received loans at the expense of the authorized capital of the State Agency for Housing and Urban Development.
According to the agency, the active request is many times higher than the assistance provided. In particular, only for the program of providing soft loans at the expense of grant funds from the German government through KfW (CMU Resolution No. 451 of April 28, 2021), 30.5 thousand candidates were registered as of January 1, 2025, and as of February 1, 34.4 thousand candidates were registered in the register.
The grant program provides for the most favorable conditions for IDPs in Ukraine: a minimum down payment of 6%, a fixed loan rate of 3%, and a loan term of up to 30 years or until the borrower reaches retirement age. The loan object may be housing on the secondary market not older than 50 years from the date of commissioning. A family of one or two people can buy a 52.5-square-meter home and an additional 21.5 square meters for each additional family member.
As part of the grant agreement, the German government provided Ukraine with EUR 42.5 million in two tranches (EUR 25.5 million and EUR 17 million) on a non-refundable basis. Under this program, the State Agency for Youth and Housing has already selected 20 participants. In the coming days, the agency will issue the 1000th loan under this program.
“For 2025, the State Budget envisages an increase in the authorized capital of the State Agency for Housing and Urban Development by UAH 24 million. We also expect UAH 75 million to be repaid by borrowers from previously issued loans. And we expect that programs funded by local governments will be financed at the level of UAH 240 million this year. We will use these funds to meet the housing needs of young people and partially to lend to IDPs and combatants. We are working to preserve and continue the joint project with Germany,” Marchuk said.
He reminded that on January 31, 2025, the Council of Europe Development Bank (EBRD) decided to allocate a loan of EUR 50 million for a mortgage program for Ukrainian IDPs through the State Agency for Youth and Housing.
“Thanks to the EBRD funding, a new stage of the IDP program will be launched in the near future on terms completely similar to those of the program with KfW. According to estimates, EBRD funding will allow about 1.1 thousand IDP families to purchase housing this year, and state and local programs will help about 300 more,” Marchuk said.
