Novus Ukraine LLC has invested UAH 1 billion 360 million in business development in 2023-2024, said Oleksiy Panasenko, Deputy CEO for Operations at NOVUS, in an interview with Interfax-Ukraine.
“In total, NOVUS invested UAH 1 billion 360 million in 2023-2024 to expand its network, own logistics center, restore damaged and open 16 new stores, and implement an energy efficiency program. In 2025, we plan to invest in the development of the company, in various formats, despite the war. Our goal is to provide every customer with access to quality products,” he said.
He added that in 2024, 17 new facilities have already been opened, including 14 Mi Market convenience stores in the capital region. In particular, on December 18, Mi Market was opened in the residential complex Respublika with an area of 103.8 square meters, on December 20, the opening of NOVUS in Kyiv at 12 Petropavlivska Street was announced, and two more Mi Markets will open by the end of the year.
“The Mi Market format is highly efficient due to its compactness and focus on everyday needs. We see great prospects for the development of new residential areas and are actively working on an expansion strategy. We are planning to scale this format in densely populated areas, this year we will open two more, in 2025 – another 50 new Mi Market stores,” said Panasenko.
He noted that the Mi Market convenience store format provides for an area of 50 to 400 square meters. Investments in the opening of such a store, including renovation, purchase of equipment and other operating expenses, amount to about UAH 5 million.
The company is also preparing to open two NOVUS stores in the near future. One on Petropavlivska Street on December 20 with a total area of 600 square meters, and one on Sofiiska Borshchahivka in the first half of next year with a total area of over 2 thousand square meters.
“Both of them are equipped with modern energy-efficient equipment for uninterrupted operation and products of our own production,” Panasenko added.
He added that at this stage the company has no plans to expand to other regions.
“Currently, we are strategically focused on developing in the capital region and creating the most comfortable conditions for customers. Our main bet now is on organic growth and opening new stores in Kyiv and the region. We have no detailed plans to expand to other regions. At the same time, we are open to any proposals and are ready to consider new regions if it is economically feasible. It is important for us not just to enter a new market, but to be able to develop and build an effective business in this region,” said Panasenko.
The NOVUS supermarket chain is developed by BT Invest (Lithuania), a company established in 2008 by former Sandora shareholders Raimondas Tumenas and the late Igor Bezzub. As of the end of December, the chain had 115 locations (85 NOVUS, 28 Mi Market convenience stores and two Hapaika discounters).
According to Opendatabot, as of July 2021, the owner of Novus Ukraine with a 100% stake in the authorized capital was Consul Trade House CJSC (Vilnius, Lithuania). The ultimate beneficiaries are Marina Poznyakova, Agne Ruzgienė, and Raimondas Tumenas.
According to the company’s financial results, in 2023, its revenue increased by 47% to UAH 23.6 billion, while its net loss decreased by 87% to UAH 310.7 million.
Zelenyi Park LLC (Iziaslav, Khmelnytskyi region), which produces corrugated paper (fluting) and containerboard, increased its production by 19.4% in January-November this year compared to the same period in 2023, to UAH 514.6 million.
According to statistics provided by UkrPapir Association toInterfax-Ukraine, the company’s growth rate slowed down a bit over the first 11 months of the year, with a 24% increase in the first ten months and a 26.6% increase in the first nine months.
In January-November, production in physical terms increased by 3.8% to almost 29 thousand tons. At the same time, in November, the company reduced the production of fluting and test liners by 36.4% by November 2023 and by 39% by October this year, to 1.9 thousand tons.
Zelenyi Park LLC was registered in 2011 and manufactures products from waste paper, processing up to 72 thousand tons of waste paper annually.
The factory is equipped with Finnish Valmet equipment, which allows it to produce fluting and testliner with a density of 70 to 200 g/sq. m and a roll width of up to 2.8 m.
According to the Clarity Project, the owner of 100% of Zelenyi Park LLC is Cyprus-registered Carton Mill Limited, and the ultimate beneficiaries are ATB Corporation co-owner Gennadiy Butkevych and Volodymyr Shandra (full name is the same as the full name of the former Minister of Industrial Policy (2005-2006) and the former Minister of Emergency Situations (2007-2010) – IF-U).
The company ended 2023 with a loss of UAH 78.2 million (56% more than a year earlier) on a 6.8% drop in revenue to UAH 498.6 million.
Astarta, Ukraine’s largest sugar producer, has invested more than UAH 410 million in modernizing its livestock enterprises since the start of the full-scale invasion, its press service reported on Facebook.
“During the war, livestock farming has become a pillar of food security and economic stability for businesses. In particular, we managed to compensate for the decline in exports due to the Russian blockade of seaports at the beginning of the full-scale invasion by using milk processed and sold in Ukraine,” Yaroslav Kushnir, director of Astarta’s livestock department, explained in a statement.
It was specified that the agricultural holding will continue to consolidate and reconstruct existing facilities, build new ones, and work with breeding and genetics, which will help to increase the economic efficiency of the segment, herd productivity and optimize livestock management.
Kushnir noted that Astarta is the largest producer of industrial milk in Ukraine with an annual production of 115 thousand tons. The company’s cattle herd totals more than 28 thousand heads.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It includes six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In 2023, the agricultural holding reduced its net profit by 5.0% to EUR 61.9 mln, and its EBITDA decreased by 6.1% to EUR 145.77 mln, while revenue increased by 21.3% to EUR 618.93 mln.
In January-September 2024, the total area of residential buildings for which construction permits were issued (new construction) decreased by 6.6% compared to the same period in 2023, to 2 million 962.3 thousand square meters, according to the State Statistics Service (Ukrstat).
According to the statistics agency, in January-September 2024, the total area of new construction of apartment buildings decreased by 8.3% year-on-year to 2.8 million square meters. The number of apartments declared at the start of construction in apartment buildings decreased by 12.2% to 30.9 thousand.
According to the State Statistics Service, the largest number of new housing starts in the first nine months of the year was reported in Lviv region: the total area of new housing construction amounted to 499 thousand square meters (7 thousand apartments).
Significant volumes of new housing were also declared in Kyiv region – 494.8 thousand square meters (11.9 thousand apartments), as well as in Ivano-Frankivsk region – 317.8 thousand square meters (5.3 thousand apartments), Zakarpattia region – 292 thousand square meters (5.3 thousand apartments), Transcarpathian region – 292 thousand square meters (5.3 thousand apartments), and in the city of Kyiv – 292 thousand square meters (5.3 thousand apartments). sq. m. (5.3 thousand apartments). apartments), Transcarpathian – 292.3 thousand sq. m. (3.8 thousand apartments), Vinnytsia – 236.3 thousand sq. m. (4.1 thousand apartments), Khmelnytsky – 141.6 thousand sq. m. (2.3 thousand apartments) and Volyn – 140.7 thousand sq. m. (3 thousand apartments).
In Kyiv in January-September 2024, the total area of new housing construction amounted to 330.3 thousand square meters (2.9 thousand apartments).
The State Statistics Service reminds that the figures exclude the territories temporarily occupied by the Russian Federation and part of the territories where hostilities are ongoing (or have been ongoing).
As reported, the total area of new housing construction in 2023 decreased by 37% to 4.2 million square meters, while in 2022 it amounted to 6.67 million square meters, and in 2021 – 12.7 million square meters.
DIM Company announces the beginning of strategic partnership with TASkombank, within the framework of which special privileges are provided for the purchase of real estate in DIM residential complexes, the press service of the developer reported.
“We at Private banking know: home is more than walls, it is a place where dreams and living inspiration are born. We have joined forces with DIM, TAScombank has prepared unique opportunities for its Private banking clients: a 3% discount for the purchase of housing in the eco-complex business class Park Lake City”, – said Oleg Polyak, First Deputy Chairman of the Board of TAScombank.
Eco-complex business class Park Lake City became the first project from the portfolio of projects of the company DIM, where there are exclusive terms of purchase and payment for real estate. In the near future other projects of the company will be announced, where special conditions for potential investors of the company and unique offers for TASkombank Private banking clients will be introduced.
“The partnership between TAScombank and DIM is a confirmation of our reliability and stability in the realization of our projects. In the future, the partnership between banks and developers will become even more necessary and important, as developers will be able to provide stable financing for their projects, avoid delays in construction, increase the confidence of buyers, and special programs with favorable lending terms will make the purchase of housing more affordable for the general public,” said Arseniy Nasikovsky, junior partner of DIM.
DIM Group was founded in 2014 and specializes in the full cycle of development, including design, construction and property management. During this time, the company has commissioned 15 houses in eight LCDs, a total of 3,640 apartments, built more than 332.7 thousand square meters of residential and commercial space. In 2024 DIM commissioned 1191 apartments in three complexes – New Autograph, Lucky Land and Park Lake City. Six residential complexes of “comfort+” and “business class” category are under construction: Metropolis, Park Lake City, Lucky Land, A136 Highlight Tower, Olegiv Podil, The One.
Change in consumer prices in 2023-2024, %
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