Euro Land UA LLC (Euro Land UA) plans to raise $8 million for the construction of a liquid microfertilizer plant in the Ternopil region, according to the Ukraine Investment Guide 2026, presented at the Ukraine Recovery Conference (URC2026) in Gdańsk, Poland, which took place in late June.
The total project budget is $13 million, of which the company is prepared to finance $5 million using its own funds. A mixed financing structure (equity and debt) is envisaged.
The project involves the construction of a modern plant for the production of liquid micronutrient fertilizers based on EDTA technology. Its annual production capacity will be 10,000 metric tons of liquid micronutrient fertilizers, 5,000 metric tons of specialty fertilizers, and 3,000 metric tons of chelated micronutrients. The products will be supplied to Ukrainian agricultural producers as well as to export markets, primarily to EU countries.
According to the catalog, production is scheduled to begin 1.5 years after the project’s launch. The payback period is four years.
The project is currently in the advanced preparation stage: the product concept, formulation, and market positioning have been developed; negotiations are underway with technology partners; and the site selection and design of the future plant are in progress. Potential partners include the British company OMEX, as well as European suppliers of equipment and raw materials.
Euro Land Yue LLC was registered in 2017 in the Ternopil region. It specializes in supplying plant protection products, micronutrients, and other agrochemical products. Bogdan Kaminsky is the owner, ultimate beneficiary, and director of the company.
In 2025, Euro Land Uei LLC saw its revenue decline by 4.0% to 89.83 million UAH and its net profit fall by 33.1% to 10.88 million UAH.
The European Bank for Reconstruction and Development (EBRD) is considering providing a loan of up to 34 million euros to the municipal utility “Rivneoblvodokanal” for the construction of new wastewater treatment facilities with a capacity of 60,000 cubic meters per day, the reconstruction of three sewage pumping stations, and the implementation of energy-efficient technologies.
According to the bank’s materials, the project is scheduled to be approved on July 22, 2026, and its total cost is estimated at 53.1 million euros.
The loan is to be disbursed in two tranches. It will be supplemented by an investment grant of up to 10 million euros from the Eastern European Partnership for Energy Efficiency and the Environment (E5P) Fund.
Repayment of the loan is fully guaranteed by the Rivne region, and 25% of the loan amount will be covered by a European Union (EU) guarantee under the Municipal, Infrastructure, and Industrial Resilience Program (MIIR) as part of the Investment Program for Ukraine (UIF).
The funds will also be used to install energy-efficient equipment and SCADA automated control systems at Rivneoblvokanal facilities.
The project aims to improve wastewater collection and treatment for approximately 240,000 residents of Rivne and surrounding areas, including internally displaced persons.
According to EBRD estimates, the new treatment facilities will treat 22 million cubic meters of wastewater per year in accordance with EU standards. The project is expected to reduce greenhouse gas emissions by 50% and net energy consumption by 45%.
The project is part of the EBRD’s “Resilience and Livelihoods” (RLF) program, which aims to restore and enhance the resilience of Ukraine’s critical infrastructure. It also includes training company staff to operate the new equipment and establishing a dedicated project implementation team.
As previously reported, in February 2026, the EBRD approved a 12 million euro loan for Rivne to finance the energy-efficient modernization of at least 24 social infrastructure facilities. The project, with a total cost of 19 million euros, also includes a 6 million euro grant from the E5P program and 1 million euros in co-financing from the city.
According to Experts.news, Ukraine’s construction industry has shown mixed trends based on preliminary results for the first half of 2026: following growth in 2023–2025, the sector has faced a slowdown in the volume of work, rising construction costs, a labor shortage, and a shift in demand toward housing and infrastructure reconstruction.
The State Statistics Service has not yet released final data for January–June, so a current assessment can be made based on statistics for the first four months, data on housing completions in the first quarter, the “eOselya” and “eVidnovlennia” programs, as well as construction companies’ expectations for the second quarter.
According to the State Statistics Service, the volume of construction work completed in Ukraine in January–April 2026 decreased by 2% compared to the same period in 2025 and amounted to 59.3 billion UAH. At the same time, in April compared to April 2025, construction had already shown a 2.8% increase; specifically, residential construction rose by 5.8%, civil engineering structures by 9.7%, while non-residential construction declined by 7.4%. New construction accounted for 47.8% of the total in April, repairs for 29%, and reconstruction and other work for 23.2%.
By comparison, in 2025, the volume of construction work completed in Ukraine rose by 11.3% to 258.2 billion UAH, but the growth rate was already slowing down at that time, following 17.8% growth in 2024 and 31.8% in 2023. In 2025, residential construction grew by 13.5%, nonresidential construction by 25.4%, and civil engineering by only 3.1%.
“In the first half of 2026, the construction sector effectively transitioned from a phase of rapid post-shock recovery to a phase of selective growth. Housing, renovations, engineering infrastructure, and reconstruction-related projects remain the most resilient. At the same time, commercial non-residential construction remains weaker due to war risks, more expensive financing, and uncertainty for investors,” noted Maksym Urakin, founder of the Experts Club analytical center and candidate of economic sciences.
The residential segment appears more stable than the overall industry trend. In the first quarter of 2026, housing completions in Ukraine decreased by only 0.1% year-over-year, to 2.289 million square meters. During this period, 29,600 apartments were completed, which is 4.3% more than in the first quarter of 2025. The largest volumes of housing completions were recorded in the Lviv, Odesa, Ivano-Frankivsk, Zakarpattia, and Ternopil regions, while in Kyiv, 289,000 square meters of housing—or 4,900 apartments—were completed.
Government programs remain one of the key sources of demand for housing. According to the Ministry of Economy, as of June 22, 2026, 4,104 Ukrainian families had taken advantage of the “eOselya” program since the beginning of the year, receiving preferential mortgage loans totaling nearly 7.7 billion UAH. In just one week in June, 157 loans totaling 313 million UAH were issued, with the majority of new loans going toward first-time home purchases.
The “eVidnovlennia” program plays an even more important role for the construction market. As of June 2026, 206,447 Ukrainian families had received assistance for repairing or purchasing new housing, totaling 103.9 billion UAH. More than 138,000 families received payments to repair damaged homes, nearly 65,000 families received housing certificates for destroyed property, and a separate program for rebuilding on private land is already being funded through tranches.
At the same time, the industry is facing significant price pressure. According to the summary table of price indices for construction and installation work, in April 2026, the construction price index stood at 103.1% compared to March, following 109.4% in March, 101.8% in February, and 101.1% in January. The cumulative figure for the first four months of 2026 was 116.1%, indicating a significant increase in the cost of labor and materials.
Business expectations among construction companies remain cautious. According to a State Statistics Service survey for the second quarter of 2026, the business confidence indicator in construction improved by 1.9 percentage points compared to the first quarter but remained deeply negative at minus 25.7%. The current order volume was estimated at minus 41.5%, and expectations regarding the number of employees stood at minus 9.9%. Companies cited labor shortages, financial constraints, and other factors as the main limiting factors, while their order backlog was estimated to cover an average of six months of work.
At the macro level, the country’s recovery remains the industry’s main long-term driver. According to estimates by the World Bank, the Ukrainian government, the European Commission, and the UN, Ukraine’s needs for recovery and reconstruction over the next ten years are already estimated at nearly $588 billion. Direct losses reached $195 billion, with the housing, transportation, and energy sectors hardest hit. Damages to the housing sector alone are estimated at approximately $61 billion, and about 14% of the housing stock has been damaged or destroyed.
According to Experts Club’s assessment, in the second half of 2026, Ukraine’s construction industry will remain dependent on three key factors: the security situation, access to financing, and the stability of government recovery programs. Residential projects in hinterland regions, the reconstruction of damaged housing, engineering infrastructure, the energy resilience of communities, social housing, and critical infrastructure facilities will have the greatest potential.
“The Ukrainian construction sector cannot be assessed solely based on the current index of completed work. It is no longer just an economic sector, but one of the key tools for survival, the return of people, the recovery of communities, and the country’s future investment attractiveness. But the transition from repairs to large-scale modernization requires long-term financing, insurance against war risks, transparent project pipelines, and skilled personnel,” emphasized Maksym Urakin.
Thus, the first half of 2026 for Ukraine’s construction industry can be preliminarily assessed as a period of stabilization following the rapid growth of previous years. The market is not showing a uniform upturn, but it has significant structural demand related to housing, reconstruction, infrastructure, and future post-war reconstruction. For businesses, this means a shift toward more selective competition—companies with access to financing, qualified personnel, a transparent cost estimation framework, and the ability to work with government and international reconstruction programs will come out on top.
CONSTRUCTION, EXPERTS CLUB, HOUSING, INFRASTRUCTURE, RECONSTRUCTION, URAKIN
Ukraine’s post-war reconstruction will create a massive market for the construction sector, industry, and related sectors; however, Ukrainian companies need to start preparing now to compete with international contractors, according to Andriy Ozeychuk, director of Rauta and chairman of the board of directors of the Ukrainian Steel Construction Center Association.
In his column for The Page, he noted that once the war ends, demand for construction will be significant from the general public, the government, and the business sector alike. According to estimates by the Ministry of Foreign Affairs, there are about 8 million Ukrainians abroad who fled during the full-scale invasion, and the UN forecasts the return of 3–3.5 million people once lasting peace and security guarantees are in place.
According to the expert, a significant portion of those who return, as well as internally displaced persons, will need new housing or the restoration of damaged homes. At the same time, reconstruction will not be limited to the housing stock. According to estimates by the Kyiv School of Economics, residential buildings account for only about one-third of the direct losses from the war, while significant losses were also sustained by transportation and energy infrastructure, corporate assets, industry, and the agri-industrial complex.
Ozeychuk notes that, according to World Bank estimates, Ukraine’s reconstruction will require more than EUR500 billion over the next decade. This is nearly three times Ukraine’s GDP in 2025 and creates significant opportunities not only for the construction sector but also for the entire economy.
In his estimation, every hryvnia invested in construction has a multiplier effect and stimulates 1.5 to 3 times greater growth in related sectors. Examples include the postwar reconstruction of Germany and South Korea, where the construction sector became one of the catalysts for economic growth.
The expert identifies the main sources of funding for large-scale projects as direct financial assistance from international partners—including the G7, the EU, and the U.S.—the attraction of large private investments backed by state guarantees, as well as reparations and confiscated frozen assets of the Russian Federation. Ukraine’s European integration should serve as an additional incentive, as it will eventually open access to specialized EU development funds.
At the same time, Ukrainian construction companies may already face stiff competition from European players. According to Ozeychuk, the most realistic scenario would be a consortium model in which a European general contractor would work alongside Ukrainian subcontractors and use local materials certified to European EN standards.
Under this scenario, foreign companies could be involved in high-tech work, while Ukrainian businesses would handle local logistics, specialized work, and the construction of utility networks, roads, and capital construction projects.
The expert identifies financing conditions as the main barrier for Ukrainian companies. While in Ukraine construction is often carried out using substantial advance payments, the EU commonly uses a post-audit payment model—based on the completion of specific project phases. This requires significant working capital, whereas Ukrainian companies have limited access to low-cost long-term loans.
To level the playing field, Ozeychuk believes the government should launch programs for affordable long-term loans backed by state guarantees, provide preferential financing for the modernization of Ukrainian building materials plants, simplify the adoption of EN standards, and advocate for Ukrainian businesses’ participation in international grant programs.
A separate challenge will be the construction industry’s transition to European design standards. By 2028, the Ukrainian system is expected to fully integrate into the European space and adopt Eurocodes. This will remove some barriers for foreign engineers but will also require Ukrainian specialists to rapidly upgrade their qualifications.
Among the technological trends in reconstruction, the expert cites BIM modeling, digital twins of buildings, energy-efficient solutions, and the concept of net-zero energy buildings. In his assessment, the market will shift toward rapid modular construction, eco-friendly materials, and innovative solutions.
Another key constraint will be a labor shortage. According to Ozeychuk, demobilized military personnel and men returning from abroad will only partially offset the labor shortage. High demand could lead to rising wages in construction, particularly for blue-collar jobs, and could also encourage the retraining of specialists from other sectors, as well as the more active involvement of women, veterans, and older workers.
In addition, Ukrainian companies are already beginning to collaborate with agencies that specialize in the official recruitment of construction workers from South Asian countries, including India, Nepal, Bangladesh, and Pakistan.
Ozeychuk believes that the two main principles of the future reconstruction are speed of implementation and the “Build Back Better” approach—that is, rebuilding to a higher standard than before the destruction. It is precisely these criteria that will determine the demand for modern materials, technologies, and production capacity in Ukraine.
Rauta is a Ukrainian company operating in the field of prefabricated buildings, facade and roofing systems, sandwich panels, and steel construction. The “Ukrainian Center for Steel Construction” Association brings together companies working in the segments of metal structures, building materials, design, and industrial construction.
CONSTRUCTION, Eurocode, INVESTMENT, OZEYCHUK, RAUTA, RECONSTRUCTION
PJSC “Ukrnafta,” a member of the “Naftogaz” Group, signed a grant agreement at URC 2026 in Gdańsk (Poland) with the European Bank for Reconstruction and Development (EBRD) for 44.6 million euros to build 62 MW of distributed generation, according to Serhiy Koretskyi, chairman of the board of NAK “Naftogaz of Ukraine.”
“These funds will help accelerate the implementation of distributed generation projects to support the power grid amid Russian attacks on the energy sector. The €44.6 million grant will supplement the previously secured €80 million loan from the EBRD and allow us to carry out the planned work more quickly,” Koretsky wrote on Facebook on Friday.
He specified that the total capacity of the new generation facilities is 62 MW.
“This, in turn, will strengthen the power grid amid a shortage of generating capacity caused by Russian attacks on energy infrastructure. “I thank the EBRD leadership for their support and trust,” the Naftogaz CEO explained.
He also reported that at URC 2026, Naftogaz and the EBRD signed a memorandum on expanding cooperation in the areas of energy security, infrastructure restoration, and modernization.
According to him, during a meeting between Ukrainian Prime Minister Yulia Svyrydenko and EBRD President Odile Renaud-Basso, specific terms of cooperation were discussed in detail, including securing financial mechanisms for the purchase of imported gas for the upcoming heating season.
As previously reported, Naftogaz signed an agreement with the U.S. EXIM Bank during URC 2026 in Gdańsk, which provides for the possibility of securing up to $300 million to purchase American equipment for the purpose of restoring the oil and gas infrastructure destroyed by Russia.
As Koretsky explained, the next step is practical work with U.S. companies to implement a financial mechanism that will allow for direct lending to U.S. suppliers and contractors for the purchase of equipment by companies within the Naftogaz Group.
At URC 2026, the Naftogaz of Ukraine Group also reached an agreement with the International Finance Corporation (IFC) on cooperation to attract private investment to Ukraine.
In addition, agreements were signed with the Polish company ORLEN regarding the development of LNG supplies to Ukraine and the exchange of expertise in the areas of sustainable development, decarbonization, and ESG.
JSC “Ukrnafta”—Ukraine’s largest oil producer—operates the country’s largest national network of gas stations, UKRNAFTA. In 2024, the company came under the management of Glusco. In 2025, it finalized a deal with Shell Overseas Investments BV to acquire the Shell network in Ukraine. In total, it operates nearly 700 gas stations.
The company is implementing a comprehensive program to restore operations and modernize the format of the gas stations in its network. Since February 2023, it has been issuing its own fuel vouchers and “NAFTACard” cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
The largest shareholder of “Ukrnafta” is NJSC “Naftogaz of Ukraine,” with a 50% + 1 share stake.
In November 2022, the Council of the Supreme Commander-in-Chief of the Armed Forces of Ukraine adopted a decision to transfer to the state the portion of the company’s corporate rights that belonged to private owners; the company is now managed by the Ministry of Defense.
The engineering and construction company Rauta has published a guide titled “Fastening Cantilevered Structures to Sandwich Panels,” intended for designers and specialists working with building envelopes.
According to the company’s website, the guide will be useful when calculating loads on Ruukki sandwich panel cladding caused by suspended elements. The guide contains recommendations on the level of utilization of the panels’ load-bearing capacity, requirements for calculating fasteners for suspended elements, as well as specifics for determining loads from vertically installed U- and Ω-profiles or cantilever supports for cable ladders.
The document also specifically addresses point loads from through-fasteners. This is important for industrial, warehouse, logistics, and commercial facilities where engineering components, cable trays, additional structures, cladding, or auxiliary equipment may be attached to facades or wall panels.
For the construction market, these guidelines are of practical importance, as sandwich panels are widely used in prefabricated buildings, industrial facilities, cold storage warehouses, agricultural infrastructure, and retail and logistics complexes. Errors in the design of fasteners can lead to improper load distribution, damage to the cladding, compromised airtightness, or reduced durability of the building envelope.
Rauta operates in the engineering and construction solutions sector and offers building design, the supply of frames, sandwich panels, ventilated facades, and prefabricated buildings, as well as structural installation, general contracting, client services, building commissioning, and maintenance.
The company positions itself as a provider of reliable construction solutions in Ukraine and European Union countries. Rauta uses certified European-manufactured products and is the exclusive supplier in Ukraine of commercial products from the Finnish Ruukki Group.
One of Rauta’s key areas of activity is Ruukki sandwich panels. According to the company, these panels are manufactured using Finnish technologies at Ruukki’s European plants and comply with the European standard EN 14509. The supply of panels is accompanied by consultations on selection, the design of building envelopes, technical solutions, components, panel layout on facades and roofs, as well as calculations of the structures’ load-bearing capacity.
Rauta also develops its own engineering solutions. These include a patented frameless building design using sandwich panels, a construction technology for multi-story buildings that uses sandwich panels as walls, solutions to improve building airtightness, and technologies for renovating structures using energy-efficient sandwich panels.
In 2024, the company received a patent from the Ukrainian National Office of Intellectual Property and Innovation for a technical solution for a frameless building made of sandwich panels. According to Rauta, this technology can be applied to single-family homes, cottage communities, cold storage rooms, refrigerated warehouses, and other single-story residential or commercial buildings.
In addition, Rauta is a member of relevant business and industry associations. The company is part of the Ukrainian Center for Steel Construction, the Finnish Business Group, the Finnish-Ukrainian association UkraineOffice, and the German-Ukrainian Chamber of Industry and Commerce (AHK Ukraine).
The release of the new guidelines indicates that the company is focusing not only on the supply of materials but also on providing engineering support for projects. For clients, this can reduce risks during the design and operation phases of buildings, and for the market, it can raise standards for working with sandwich panels and cantilevered structures.
