Prices for construction and installation works in Ukraine increased by 7.9% in 2024 compared to 2023, the State Statistics Service (Ukrstat) reported.
According to the statistics agency, prices increased in all segments of construction last year: in residential construction, the growth was 8.6%, in non-residential construction – 7.9%, and in engineering – 7.7%. At the same time, in December 2024, compared to December 2023, prices increased by 7.4%, 6.9% and 7%, respectively.
The State Statistics Service also noted that in December 2024 compared to November 2024, prices for construction and installation works increased by 0.4%.
As reported, in 2023, prices for construction and installation works increased by 15.8% compared to 2022.
The State Statistics Service pointed out that the figures are given without taking into account the temporarily occupied territories and part of the territories where hostilities are (were) conducted.
Cabinet furniture manufacturer Accord Import (Khmelnytsky) will expand its production capacity by almost three times by building a new plant in Khmelnytsky, where it plans to create 140 jobs, according to Dmytro Kysylevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.
“Construction of a new cabinet furniture plant has started in Khmelnytsky. The project’s investor is Accord Import. After the launch of the new plant, its production capacity will increase from 420 thousand square meters to 1.2 million square meters of cabinet furniture per month. This will allow the company to enter the top 5 manufacturers of cabinet furniture in Europe,” he wrote on his Facebook page on Tuesday.
According to the MP, the amount of investment in the new project is $14 million. The launch of the first production lines is scheduled for July 2025, and the new plant should reach full capacity in September.
Kysylevsky noted that a 1.1 MW solar power plant has been built and an additional 2.8 MW is under construction to meet the electricity needs, and a gas piston plant has been purchased.
“At present, the existing Accord Import facility is 100% utilized. About 70% of the company’s cabinet furniture orders come from the international retail chain JYSK, which in 2025 increased the volume of cabinet furniture orders from Ukraine by a third,” Kysylevsky wrote.
According to the company’s Facebook page, Raiffeisen Bank has extended the term of the credit line under this contract, which was granted at the end of 2023, and the term of the ECA insurance contract for Accord Import.
“Thus, Raif and ECA have supported furniture exports for 2025 to Denmark, the Netherlands, Hungary, Bulgaria, Poland, Sweden, Germany and Spain,” the company wrote.
According to Kysylevsky, in general, Accord Import exports 96% of its products to the EU countries, and the launch of the new plant will expand the geography of exports to the Middle East, South Asia, and South America.
The MP also clarified that the owners of Accord Import, the Grabar family, started out as furniture importers, while now it is Ukraine’s largest exporter of cabinetry.
He also added that to replace the imports of cellular cardboard used by the company for furniture packaging, another company is currently under construction in Khmelnytskyi region to produce this product
. “And the supplier of wooden boards for Accord Import is Kronospan, which recently launched a production line in Rivne region,” Kysylevskyi added.
According to the Clarirty Project, Accord Import LLC was registered in Khmelnytskyi in August 2015. The company’s authorized capital is UAH 42.105 million, and the owners are Mykola, Ruslan, and Vadym Hrabar in equal shares.
In January-September 2024, the company increased its net profit by 23% compared to the same period in 2023 to UAH 120.6 million, with net revenue growing by 27% to UAH 1 billion 271 million.
“Transportlux Ukraine” invested about UAH 40 million in the construction of a bioethanol production plant in Raigorodka community (Zhytomyr region), said the head of Zhytomyr regional military organization Vitaliy Bunechko.
“The peculiarity of the production is that it responds to several challenges at once. This is the production of bioethanol, which from May this year should make up at least 5% of automobile fuel in Ukraine. So its own capacity for its production will allow not to spend extra money on exports, but to support domestic producers and the economy,” he wrote in Telegram.
Bunechko specified that the main raw material for the plant is food industry waste: animal fat, in particular from chicken farms, waste from vegetable oil production and others. Accordingly, another important problem is being solved – waste recycling.
“The plant is being built using advanced technologies and will help reduce dependence on traditional energy resources, create new jobs and contribute to the development of the region’s economy,” emphasized the head of Zhytomyr OVA.
According to regional media, the plant produced the first liter of biodiesel on Friday. They referred to the words of the investor, Moldovan citizen Mihail Popu, who expressed hope that biodiesel production will be part of the long-term strategy of energy independence of the region and will improve the social component of the community, where new jobs will be created and farmers will be able to sell oilseeds at more favorable conditions.
The investor added that the company intends to increase production in order to meet the demand for fuel not only in the community, but also to establish exports.
Automagistral Pivden SRL (Ukraine) – Precon Transilvania SRL (Romania) has been recognized as the winner of one of three lots for the construction of the Arad-Oradea section of the highway with a project budget of EUR 600 million, the press service of Avtomagistral-Pivden reports.
The Ukrainian Embassy in Romania noted that the victory of the Ukrainian company in one of the largest infrastructure construction tenders is a significant event in terms of strengthening bilateral economic relations between Ukraine and Romania.
“The presence of the largest Ukrainian construction company in Romania will help strengthen the position of Ukrainian business in the EU market, develop joint projects and partnerships between Ukrainian and European companies, and exchange of experience. The EU market is traditionally represented by the world’s leading companies. The victory in the competition with the strongest rivals is evidence of the Romanian customer’s trust in the Ukrainian contractor,” the embassy said in a Facebook post.
In total, the four-lane Arad-Oradea highway will have a total length of 120.47 km and will provide a connection to the Romanian-Hungarian border. The lot won by an association of Ukrainian and Romanian companies includes a 47.07 km section, to which a connecting road to the Arad West industrial zone (2.9 km) is added. The project provides for 29 bridges with a total length of 2.5 km, six traffic interchanges, four sites for large vehicles, and two road repair stations (for highway maintenance).
“The victory of Avtomagistral-Pivden is evidence that our country is able to successfully enter the European market with high-tech services. Our company’s participation in one of the largest infrastructure projects in the EU will be important for dozens of other Ukrainian companies that supply materials and services,” the release says.
Avtomagistral-Pivden LLC has been on the market since 2004. It designs and builds highways, bridges, interchanges, airfield complexes, and hydraulic structures. The company’s owner is listed in Opendatabot as Oleksandr Boyko. According to the financial results for 2023, the company’s net profit amounted to UAH 624.9 million, and revenue was UAH 8.215 billion.
CONSTRUCTION, HIGHWAY, ROMANIA, TENDER, Автомагістраль-Південь
Perfect Group has begun construction of the Velmy apart-hotel in Polianytsia, Ivano-Frankivsk region, the company’s press service told Interfax-Ukraine.
According to Oleksiy Koval, project manager at Perfect Group, the goal of the Velmy project is to change the standards of recreation and investment in the region.
“We create a space for emotions and memories, where every detail works for the comfort of our guests. In addition, it is a reliable investment with a projected payback of eight to nine years, which makes the project attractive to investors. We believe that Velmy will become a landmark in Bukovel,” Koval said.
The Velmy apart-hotel is located in Bukovel next to Lake Molodist and ski lifts #14 and #22. It has 492 apartments ranging from 26 to 80 square meters. The complex is positioned as a business class, with a panoramic swimming pool, Ski-in/Ski-out, SPA center, gym, restaurants, conference hall and children’s center among the offered infrastructure.
Investors are offered refurbished apartments, while transactions are formalized in accordance with the new legislation on future real estate objects (BON) with registration of special property rights (SPR) in state registers.
The first phase is expected to be commissioned in the third quarter of 2026. Currently, the price per square meter starts from UAH 167.9 thousand. There is an installment plan with a down payment of 50%. The tourist season at Velmy is expected to be year-round, with a likely rental yield of up to 12% per annum and a payback period of eight to nine years.
Founded in 1991, Perfect Group has commissioned 42 buildings since 2010, with 21 buildings under construction.
Hungarian Foreign Minister Peter Szijjarto and Serbian Energy Minister Dubravka Jedovic-Handanovic agreed on Wednesday to intensify investment policy in the energy security sector and speed up the construction of the first oil pipeline between the two countries, the Hungarian foreign minister said.
“We have agreed to expand joint investments in energy and energy security, including the construction of the first interconnecting oil pipeline,” Szijjarto wrote on Facebook (Meta Platforms Inc.).
In addition, Sijarto and Jedovic-Handanovic agreed to step up funding for “a new power line connecting the networks of the two countries.”
“For our country, Serbia is a strategic partner, without Serbia there will be no energy security for Hungary, and vice versa,” the Hungarian Foreign Minister added.
As reported, the construction of the oil pipeline between Hungary and Serbia is expected to be completed by 2026. The new branch will be connected to the Druzhba pipeline and will allow Serbia to diversify its oil supplies and not depend on Croatia.
