The total area of residential buildings for which construction permits were issued (new construction) in January-March 2025 increased by 53.4% compared to the same period in 2024, reaching 1 million 409.8 thousand square meters, according to the State Statistics Service (Gosstat).
According to the statistics agency, in January-March 2025, the total area of new construction of apartment buildings increased by 54% compared to last year, to 1 million 360.2 thousand square meters.
The number of apartments registered for construction in the first quarter of 2025 reached 22,700, which is 36% more than in the first quarter of 2024. Of these, the number of apartments registered in apartment buildings increased by 64.4% to 16,200.
According to State Statistics Service data, the Kyiv region led in terms of new housing construction in January-March 2025, with 594,600 square meters, which is 4.3 times higher than in January-March last year. At the same time, 7,700 apartments were registered in multi-apartment buildings in the capital, and 1,500 in single-family homes.
Significant volumes of new housing construction were also recorded in the Lviv region – 248,000 square meters (2,200 apartments in multi-apartment buildings and 848 in single-family homes), which is 15.8% higher than last year.
In Kyiv, in the first quarter of 2025, the total area of new housing construction increased by 17% to 145,300 square meters (a total of 1,700 apartments).
The State Statistics Service reminds that the figures do not include territories temporarily occupied by the Russian Federation and parts of territories where hostilities are ongoing (or have been ongoing).
As reported, the total area of new housing construction in Ukraine in 2024 decreased by 7.2% compared to 2023, to 3.9 million square meters, while in 2023 it amounted to 4.2 million square meters, in 2022 – 6.67 million square meters, and in 2021 – 12.7 million square meters.
Turkish Onur Group plans to build 690 MW of new generating capacity in Ukraine by 2030, investing $450 million in the Ukrainian energy sector, Onur Group’s general manager in Ukraine Emre Karaahmetoglu said in an interview with Forbes Ukraine.
According to him, the company already has 150 MW of solar power plants, which were built before the war and are now successfully operating under a “green” tariff until 2030.
“The construction of 50 MW of solar power plants (SPPs) in the Vinnytsia region is continuing, plus 164 MW of storage (batteries). This is more than $60 million in investments, which we plan to complete by the end of the year — then there will be about 200 MW of solar power and 164 MW of batteries,” he said.
According to the CEO, Onur Group plans to build 120 MW of wind power plants (WPP) in the Zakarpattia region with a budget of about €120 million.
“Other companies are already operating WPPs in the Carpathians — we see prospects. A total of 320 MW of wind power is under development,” he added.
The company is also working on new projects in the Lviv and Volyn regions and is negotiating loans with international financial institutions.
In addition, Onur Group has almost completed the construction of the first phase of a WPP in the Volyn region for OKKO.
“Last week, the first turbine parts were delivered and installation began. The second phase, with a capacity of about 190 MW, is planned next. A total of 340 MW of capacity has been initiated in Volyn, and we, as a Lviv-based construction company, are actively working on this,” Karaahmetoglu said.
As noted in Forbes Ukraine, Onur Group Ukraine is part of the international Onur Group. In June 2025, the Turkish group’s business in Ukraine will include about 40 companies in 12 sectors of the economy, ranging from energy and mining to the hotel and restaurant business.
The group’s consolidated revenue fell by 18% in 2024 to UAH 8.9 billion, compared to UAH 32.4 billion in pre-war 2021.
The company has announced plans to invest $650 million in Ukraine by 2030 and estimates its investments over the previous 20 years of operation at around $570 million.
Scientists from the Kyiv National University of Construction and Architecture (KNUCA), together with partners, have begun implementing an international project to create new concrete mixtures using waste, in particular, destroyed structures, for construction using 3D printing and traditional methods, according to the KNUCA press service.
The release states that as part of the project “Development of new approaches and construction materials for the restoration of Ukraine’s damaged infrastructure with consideration for environmental sustainability,” researchers are developing a concrete mixture with the addition of materials resulting from the destruction of buildings and other industrial and agricultural waste.
The restoration of housing in Ukraine requires the introduction of universal rapid construction technologies that allow for the construction of sustainable and affordable buildings even in conditions of limited resources. Due to the war, many buildings in Ukraine have been destroyed. The remains of concrete structures can be effectively recycled and used for the construction of new housing. Compared to traditional construction methods, 3D printing of buildings can ensure faster construction rates, significantly less use of human resources, and savings in materials and energy.
The project is co-funded by the US Office of Naval Research and the US National Science Foundation (NSF). The research is being conducted as part of the multilateral partnership initiative ” International Multilateral Partnership for Ensuring the Sustainability of the Education and Science System in Ukraine (IMPRESS-U),” initiated by the Office of International Science and Engineering (OISE) of the US National Science Foundation with the involvement of researchers from Stony Brook University in the US and the Jan and Jędrzej Śniadecki University of Technology in Bydgoszcz, Poland.
The project will last two years. At KNUBA, the implementation of this project is entrusted to teachers, graduate students, and students of the Faculty of Construction and Technology, in particular, the Department of Building Materials and the Department of Building Structures and Products Technology.
Philip Morris Ukraine has opened a new modern shelter on the territory of its factory in the Lviv region, in which it has invested about UAH 60 million, according to a press release from the company.
“In the current circumstances, the safety of our people is not just a requirement of the times, but also our responsibility. (…) We continue to invest in Ukraine, and these investments demonstrate our long-term strategy as an investment ambassador and our support for the economy in the context of martial law,” said Maxim Barabash, CEO of the company.
The shelter is designed for 170 people and will provide protection for both factory workers and local residents during air raids or emergencies. It fully complies with all applicable safety requirements and standards and is designed to provide comfortable accommodation for people for up to 48 hours.
The space is equipped with a ventilation system using explosion-proof valves and air conditioning, an alarm and fire extinguishing system with backup power supply, a water supply and sewage system, a heating system, radio broadcasting, telephone communication, and video surveillance, places for rest and seating, and water and food supplies for long stays. The shelter takes into account the needs of people with disabilities. The premises include a medical corner, sanitary facilities, shower rooms, and a kitchen area.
Construction of the shelter began in September 2024 after the launch of the factory, in which the company invested $30 million. Prior to this, employees used a modernized shelter on the territory of the Lviv city community, in which the company invested about UAH 1.3 million.
Philip Morris was spun off from Altria in 2008 and is one of the world’s largest tobacco manufacturers. The company’s revenue for 2023 increased by 10.7% compared to 2022, to $35.2 billion. The report noted that Ukraine accounted for about 2% of total sales in volume terms and 1% in monetary terms.
In 2022, PMI reduced shipments to the Ukrainian market by 30.1% to 11.07 billion cigarettes and tobacco sticks due to the war, but in 2023, it managed to increase shipments of finished products by 8.4%, including 14.9% in the fourth quarter. In October 2023, the company announced that it had restored its share of the Ukrainian market to 24%. In 2024, Ukraine’s figures were excluded from PMI’s quarterly reports.
In addition to cigarette production, PMI develops and manufactures smokeless products—electrically heated tobacco products (e-cigarettes), nicotine-containing POD systems, and nicotine products for oral use. Sales of smokeless products accounted for 39% of PMI’s total net income in the first quarter of 2024 and 38% in the third quarter.
Philip Morris Ukraine has been operating in the Ukrainian market since 1994 and has invested over $750 million in the Ukrainian economy during this time. Since the start of the full-scale invasion, it has allocated over UAH 400 million to humanitarian projects.
Nine companies from the top ten made a profit last year.
According to the OpenDataBot 2025 Index, the total income of the leading construction companies amounted to UAH 49.49 billion. This is 41% more than in 2023. The top three leaders have remained almost unchanged for three years in a row. Nine companies from the top ten managed to make a profit last year. Half of the top companies are engaged in the construction of roads and highways.
The top ten construction companies in the OpenDataBot Index 2025 earned over UAH 49 billion in revenue. This is 41% more than in 2023. The combined profit of the leaders grew 1.6 times to UAH 3.09 billion.
The lion’s share of the top companies’ revenue comes from five companies specializing in road construction: 75% or UAH 36.9 billion.
Four other companies are engaged in the construction of residential and non-residential buildings, with a more modest contribution of 20% of revenue. One company in the ranking operates in the narrow field of exploratory drilling.
For the third year in a row, the top three leaders in the Construction Industry Index have remained virtually unchanged. The absolute leader is Avtomagistral-Pivden from Odesa, owned by Oleksandr Boiko. In 2024, the company earned UAH 13.2 billion (27% of the total revenue of the top companies), which is 1.6 times higher than in 2023. Profit reached a record 1.36 billion UAH.
In second place is Vinnytsia-based Avtostrada, owned by Maksym Shkil. The company earned 10.8 billion UAH (+30%) and increased its profit 1.6 times to 74.6 million UAH.
The company notes that Avtostrada is one of the ten largest donors to the Ukrainian Armed Forces, having transferred more than UAH 2.1 billion since the start of the full-scale war. The company is actively involved in the reconstruction of critical infrastructure, including water pipelines and energy facilities. It is also one of the largest taxpayers in its industry.
Third place went to Rostdorstroy in Odesa (Yevgeny Konovalov and Yuri Schumacher). The company increased its revenue by 15% (to UAH 6.85 billion), while its profit fell by a quarter.
Onur Construction International from Lviv (owned by Turkish entrepreneurs Cetinjeviz Onur and Ihsan) climbed to fourth place. Its revenue grew by 30% to UAH 3.82 billion, and its profit almost tripled to UAH 418 million.
Fifth place went to a newcomer to the Index, Atelier de France Kyiv, a company engaged in the restoration of architectural monuments. Its revenue grew 6.4 times to UAH 2.9 billion, and its profit tripled (UAH 44 million). The owner is Frenchman Antoine Courtois, Philippe, Marie.
Ferrostroy from Poltava returned to the Index after a year’s hiatus, increasing its revenue 1.7 times to UAH 2.62 billion and its profit 2.6 times to UAH 298 million. The company is engaged in the construction of buildings.
Kosul (part of Rinat Akhmetov’s SCM Group) lost a quarter of its revenue and four places in the ranking, falling to seventh place with UAH 2.6 billion. At the same time, its profit grew by 8% to UAH 758.8 million. This company accounts for a quarter of the earnings of the top ten companies.
Vladimir Vypyrail’s Kyiv Energy Construction Company showed the largest profit growth — 8.8 times (to UAH 16.9 million), although its revenue fell by 6% to UAH 2.3 billion.
Techno-Bud-Center (Andriy Yarema and Yuriy Khanin) is another newcomer. Revenue grew 1.6 times to UAH 2.2 billion, and profit grew 1.5 times to UAH 26 million.
Vesta-I, which was headed by a new owner in March 2025, Tajik citizen Karimi Asolat Ismatzoda, showed a fourfold increase in revenue (UAH 2.2 billion), but instead of profit, it reported a loss of UAH 1.9 million.
So, in 2025, the following companies left the rating:
The multimodal terminal of the Fiska-Nov company will be launched in the territory of the Hlybotska community (Chernivtsi region), near the border with Romania, the community’s press service reported.
“The launch of this terminal will be an important step in the development of transport infrastructure, increase the transit potential of the region, and contribute to economic growth at both the local and national levels. In addition, its location near the border with Romania gives it strategic importance for transportation between Ukraine and the European Union,” the community said.
The facility’s infrastructure includes six railway tracks and special equipment that allows for transshipment between Ukrainian 1,520 mm gauge and European 1,435 mm gauge railcars. The terminal will also accept cargo by road. The purchased and installed load cells are designed to ensure accurate weight control of cargo during loading and unloading.
The Fiska-Nov company plans to create about 100 new jobs.
Oleg Nivievsky, Chairman of the Center for Food and Land Use Research at the Kyiv School of Economics, praised the community’s initiative on Telegram, which took advantage of the feasibility study developed by KSE in 2023 for the construction of a dry port on the border with Poland.
“The result was quite unexpected but pleasant — such projects are economically viable even without state support. Why is this important? Because improving and increasing the capacity of communications with the EU is a kind of insurance against a ‘crazy’ neighbor. In other words, it is something that can be supported with taxpayers’ money, but here the result is that everything looks good without support,” the scientist summed up.
