Business news from Ukraine

Business news from Ukraine

Krupets Agro Corporation completes construction of poultry farm for 400,000 laying hens

Agricultural Corporation Krupets (Rivne region), which owns one of the largest farms for the production and sale of chicken eggs in the western region of the country, is completing the construction of a poultry farm, where it will grow 400 thousand laying hens with the prospect of further export of products to the EU.

The head of Rivne Regional Military Administration (OVA) Vitaliy Koval emphasized that by investing in new projects and supporting the “economic front”, the agro-corporation gives a very important message to all those involved in business – not to stop despite the challenges of wartime.

The report on the OBA website specifies that the construction site of more than 6 hectares is located on the site of a former abandoned farm in the village of Sytnoye, Dubensky district. The works are performed by the local construction company “Renome-Eurobud”. The launch of the enterprise is scheduled for November 2023. The poultry farm is planned to be certified according to European standards for further export of products to the EU.

More than 20 high-paying jobs will be created at the poultry farm. It is expected that it will annually transfer about UAH 3 mln of taxes to the local Krupets community.

Agrocorporation “Krupets” operates with a land bank of 7 thousand hectares, specializing in growing crops, production of chicken eggs, broiler meat, mixed fodder, drying and storage of grain.

The structure of the agricultural corporation includes elevator and drying complexes for simultaneous storage of 60 thousand tons of grain, feed and oil extraction plants, soybean processing line, four poultry complexes.

The enterprises of Krupets agro-corporation (Poultry Farm Krupets, Krupets Feed Mill) are one of the largest farms for production and realization of edible chicken eggs in the Western region of Ukraine.

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Share of new buildings, in which construction was resumed, by regions of Ukraine

Share of new buildings, in which construction was resumed, by regions of Ukraine

Source: Open4Business.com.ua and experts.news

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Ukrainian construction industry forecasts job growth – Ministry of Reconstruction

For the first time since February 24, 2022, construction companies plan to increase the number of employees, according to the press service of the Ministry of Reconstruction.
As noted in a press release, such positive sentiment is recorded in a survey conducted in June 2023 by the National Bank of Ukraine “Business Activity Expectations Index of Enterprises”.
According to the survey, the construction companies expect an increase in the volume of construction, the number of new orders, as well as an increase in the purchase of raw materials and supplies.
According to the research Ukrainian business positively evaluates results of its activity for the third month in a row, which indicates gradual adaptation to difficult conditions of full-scale Russian invasion.
Debugging of production and logistics chains, improvement of inflation and exchange rate expectations as well as revival of domestic demand contribute to activation of business processes.
It is noted that business expectations of the construction business have improved due to the expansion of Western logistics, road construction and rehabilitation, as well as due to weather conditions.

“Nibulon” invests EUR27 mln in construction of new elevator and plant

JV Nibulon LLC (Nikolaev), one of the largest operators on the grain market of Ukraine, attracted EUR27 million from the Export Investment Fund of Denmark (EIFO) to increase the capacity of the Bessarabian branch in Izmail, where an elevator and a flour mill will be built, the company’s press service said on Facebook.
“We are extremely impressed by the speed of decision-making and support from Denmark in these difficult times for the Ukrainian economy. We really need more and more such positive signals so that others can emulate them,” Nibulon CFO Olga Babanina said.
According to the grain trader, the raised funds will be used to build an elevator for simultaneous storage of 118.5 thousand tons of grain and high-tech modern mill with a capacity of 750 tons per day.
This infrastructural solution will allow Nibulon to increase its export capacity up to 300,000 tons per month and supply flour to the domestic market as well as serve the interests of the food security mission of UN World Food Program via the Danube ports, the company explained.
Besides, the company added that construction of the new production facilities will allow to increase the number of jobs in the region and employ 100 specialists.
As it was informed, the financing is carried out within the framework of social program of Danish Investment Fund, created for Ukraine. The launch of the program was announced in May during the Ukrainian Investment Forum in Copenhagen.
JV Nibulon LLC was founded in 1991. Before the Russian military invasion the grain trader had 27 transshipment terminals and complexes for reception of agricultural crops, capacities for simultaneous storage of 2.25 mln tons of agro-industrial complex products, fleet of 83 vessels (including 23 tugboats) and owned Nikolaev Shipbuilding Plant.
“Nibulon” before the war worked 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries.
The grain trader exported a maximum of 5.64 million tons of agricultural products in 2021, reaching record volumes of deliveries to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons and in the second half of the year – 3.71 million tons.
Nibulon’s losses from Russia’s full-scale invasion reached $400 million. The grain trader is currently operating at 30% of its capacity and has set up a special unit to clear farmland.

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Ukraine will become Europe’s largest construction site – Zelenskyy

After the victory, Ukraine will become the largest builder and construction site in Europe, with hundreds of towns and villages in need of restoration, President of Ukraine Volodymyr Zelenskyy said.
“After the victory, Ukraine will become the largest builder and construction site in Europe. We need to rebuild hundreds of cities and villages, thousands of infrastructure facilities, hundreds of thousands of homes. This will give a boost to the economy,” Zelenskyy said in a speech at the Verkhovna Rada plenary session on Wednesday.
The President also emphasized the importance of preserving cultural and historical space in cities.

Kiev authorities initiate need to improve law on construction of shelters in new buildings

Kyiv authorities are initiating appeals on the need to improve the legislation in terms of the requirement of compulsory equipping new housing with shelters, the press service of Kyiv City State Administration said.
“Today, developers, unfortunately, bypass the existing requirements of compulsory installation of shelters in houses. The reason is in the gaps of the current legislation, which requires providing for shelters in the construction project or the possibility to use the shelter nearby. Well, the “or” should not be! We can see what it has led to: there are practically no new buildings in the fund of protective constructions”, – deputy head of Kyiv City State Administration Petr Panteleev is quoted in the press release.
In addition, he notes that the SES and local self-government are also removed from the process of taking the houses into use.
According to the KSCA, from 4.2 thousand shelters tested in the capital 2.9 thousand are suitable for use, another 736 can be shelters, provided they are properly equipped. 578 facilities do not meet the regulatory requirements for the premises where shelters can be equipped.
As reported, the law “On Amendments to Certain Legislative Acts of Ukraine on ensuring civil protection requirements during the planning and development of territories,” which, in particular, provides for mandatory placement of bomb shelters in new buildings, was signed by the president in August 2022.

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