Commercial real estate restoration projects account for up to 20% of Ukraine’s construction market, Andriy Ozeychuk, director of Rauta engineering and construction company, told Interfax-Ukraine.
“Despite the military risks, the owners of most of the destroyed commercial real estate are investing in their restoration to restart their businesses, which allows companies to continue to operate efficiently. In particular, about 80% of commercial facilities destroyed during the full-scale invasion and located far from the war zone have already been rebuilt or are in the process of being rebuilt,” he said.
According to Mr. Ozeychuk, the figure is lower in the segment of industrial and warehouse buildings, at about 40%.
“For most of these facilities, the owners are looking for financing,” explained the Rauta director.
According to him, among the restoration projects Rauta was involved in were the Retroville shopping center (Kyiv), the production shop of the Chernihiv Automobile Plant, and the Novus supermarket in Bucha (Kyiv region).
Rauta’s experience in restoring commercial real estate shows that often an additional requirement of investors during the restoration of facilities is to improve their energy efficiency and architectural attractiveness, which allows them to optimize costs during the operation of buildings.
According to the World Bank, as of February 2024, Ukraine’s reconstruction needs were estimated at $486 billion, of which about 25% were commercial real estate.
Rauta is a leading provider of reliable construction solutions in Ukraine and the European Union.
According to Opendatabot, Rauta Group LLC was registered in Ukraine in 2014. Its authorized capital is UAH 388 thousand, and its revenue for 2022 is UAH 102.396 million.
Zaporizhstal Iron and Steel Works of Zaporizhzhia has overhauled continuous pickling unit (CPU) No. 4 in the Cold Rolling Shop (CRS) to avoid production downtime.
According to the company’s press release on Tuesday, Metinvest Promservice specialists and rolling mill operators replaced a number of parts of the unit. The repair also included replacing the drive axle of the trolley at the coil preparation area before it is fed to the BTA-4 line.
“An important effect of this repair is preventive maintenance of the equipment, prevention of unit downtime and ensuring stable operation,” the company said in a statement.
“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 (71.24%) and Smart Holding (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
Ukraine currently feeds 400 million people in the world, and the country has the capacity to feed 600 million, said Penny Pritzker, the U.S. Special Representative for Ukraine’s Economic Recovery.
“Ukraine’s agriculture feeds 400 million people in the world, and it has the capacity to feed 600 million. That’s a huge opportunity, and now that the Black Sea is functioning, you’re seeing huge exports of not only agricultural products, but also metals, which has also helped to increase government revenues and helped to grow the economy,” she said at a briefing in Kyiv, answering questions about sectors that are ready for investment now.
The Special Representative emphasized that the energy sector is another major area of opportunity, as well as construction, transportation and logistics, and technology.
In addition, she said, critical minerals are another industry that offers great opportunities in Ukraine. Pritzker named defense industry and technology as two other areas.
Moldova’s incumbent President Maia Sandu is leading the ranking of potential candidates for the October 30 elections, according to an opinion poll presented at a press conference on Tuesday.
According to the poll, if the presidential election were held next Sunday, 30.3% of respondents would vote for Sandu, 13% for the head of the Socialist Party, Igor Dodon (who has already announced that he will not run); 6.5% – for the leader of Our Party Renato Usatîi; 5.6% – for the former bashkan of Gagauzia Iryna Vlah; 5.4% – for the mayor of Chisinau Ion Ceban, who, like Dodon, has stated that he does not intend to run.
Almost one in five respondents said they had not yet decided who they would vote for. If we take into account only the voters who have decided, 39.3% are ready to vote for Sandu, 16.9% for Dodon, and 8.5% for Usatîi.
Former prosecutor Alexandru Stoianoglo, whom the Socialist Party decided to nominate as an opposition candidate, gained 1% in the poll.
“Stoyanoglo recently announced his intention to run. He was not included in the list of presidential candidates, and this 1% is those who named Stoyanoglo on their own. It is possible that Stoyanoglo’s rating may be significantly higher now,” said Vasyl Kantarzhy, director of the CBS-Reserarch sociological company.
Speaking about the level of trust in politicians, he noted that when asked an open question about trust in politicians, 21.3% of respondents named Sandu, 7.2% – Dodon and 4.6% – fugitive oligarch Ilan Shor. They are followed by the head of the Our Party, Usatîi (3.3%), and the mayor of Chisinau, Ceban (3.2%).
At the same time, 38.2% of respondents said they did not trust any of the politicians.
The poll was conducted by CBS-Reserarch on behalf of the Institute for European Policy and Reform. The survey was conducted on June 28-July 18 with the participation of 1119 people. The margin of error is 2.9%.
Earlier, the Experts Club think tank and Maksim Urakin presented an analytical material on the most important elections in the world in 2024, a more detailed video analysis is available here – https://youtu.be/73DB0GbJy4M?si=eGb95W02MgF6KzXU
Uzhhorod is now the most expensive city in Ukraine in terms of rental housing costs, followed by Lviv and Kyiv, according to the LUN real estate portal.
“In the first two years of the war, Lviv was considered the most expensive city for renting apartments, but now the situation has changed. In July, Uzhhorod became the most expensive city – a one-bedroom apartment here costs an average of UAH 17.7 thousand per month. This is more expensive than in the capital or in Lviv,” the press release says.
According to LUN, the average cost of renting a 1-room apartment in Lviv as of July is 16.5 thousand UAH/month, in Kyiv – 15 thousand UAH/month.
Next in the ranking are Chernivtsi – 12.3 thousand UAH/month on average for renting a one-bedroom apartment, Ivano-Frankivsk, Kropyvnytskyi, Poltava, Rivne – 12 thousand UAH/month, Cherkasy – 10 thousand UAH/month, Khmelnytskyi – 9.5 thousand UAH/month, Ternopil – 9.4 thousand UAH/month.
“LUN” notes that Odesa, which was previously expensive for renting housing, now ranks 14th with 7 thousand UAH/month. The lowest prices are generally recorded in cities that are close to the frontline and suffer from military operations: Chernihiv (5.8 thousand UAH/month), Zaporizhzhia, Sumy (5.5 thousand UAH/month), Mykolaiv (5 thousand UAH/month), Kharkiv and Kherson (4 thousand UAH/month).
Starting from 23:00 hrs. July 30, 2024, the State Customs Service is planning to carry out technical works to update the server software of the Unified Automated Information System of Customs Authorities. The technical works are expected to last about 6 hours.
During the work, there may be interruptions in the functioning of the software used by customs officials at checkpoints, but it will remain operational. This means that it will be possible to cross the state border of persons, goods and vehicles with possible delays.
At the same time, we would like to draw your attention to the fact that during the technical works it will be impossible to cross the border at the checkpoint “Uzhhorod-Automobile” of the Transcarpathian customs office. Please take this information into account when planning your border crossing.
