Dmitry Nikiforov has been appointed head of the privately owned holding company Kyivmiskbud.
According to registry data, he has replaced Svetlana Samsonova as acting chairman of the board of Kyivmiskbud.
According to market sources, a change in the entire board of the holding company, 80% of which is owned by the Kyiv City Council, is planned in the near future.
Dmitry Nikiforov is an entrepreneur, former owner of TM Voda UA, director of Unitrade Market, and others.
As reported, in November 2025, the National Securities and Stock Market Commission (NSSMC) of Ukraine registered the issue of shares of PJSC Holding Company Kyivmiskbud for UAH 2.56 billion without a public offering. The recapitalization procedure is planned to be completed by the end of December 2025.
In October 2024, the Kyiv City Council supported the decision to increase the authorized capital of PJSC “HC ”Kyivmiskbud” to stabilize its financial position through an additional issue and acquisition of shares worth up to UAH 2.56 billion. The placement of shares continued from October 1 to November 28, 2025.
Kyivmiskbud also plans to initiate a preventive restructuring procedure and develop a corresponding plan of measures and conditions for debt repayment.
HC Kyivmiskbud was established on the basis of the assets of the state-owned municipal construction corporation Kyivmiskbud in 1994 by combining the controlling stakes of 28 enterprises and other assets in its authorized capital. It comprises 40 joint-stock companies in which the company owns shares, as well as six subsidiaries and 51 enterprises with associate member rights.
Kyivmiskbud has 24 construction sites on its balance sheet, on which more than 120 residential buildings of varying degrees of completion have been erected. The total area of unfinished construction exceeds 548,000 square meters.
According to the National Securities and Stock Market Commission, the main shareholder of PJSC “HC ”Kyivmiskbud” is the Kyiv City Council (80%).
The shareholders of Kyivmiskbud Holding Company PJSC plan to initiate a preventive restructuring procedure and develop a corresponding plan of measures and conditions for debt repayment, according to the agenda of the general meeting of shareholders.
According to the PJSC’s report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), a remote general meeting of shareholders is scheduled for November 15.
“To initiate the procedure for the preventive restructuring of the private joint-stock company Holding Company Kyivmiskbud in accordance with the procedure established by the Code of Ukraine on Bankruptcy Procedures,” is stated in the draft decision of the shareholders on the agenda.
In addition, it is planned to authorize the acting chair of the board of Kyivmiskbud, Svetlana Samsonova, to take all necessary actions related to the restructuring process, including negotiations with creditors and approval of a debt repayment plan, as well as the submission of a corresponding application to open proceedings in court.
As reported, Kyivmiskbud has 24 construction sites on its balance sheet, where more than 120 residential buildings of varying degrees of completion have been built. The total area of unfinished construction exceeds 548,000 square meters.
In October 2024, the Kyiv City Council supported the decision to increase the authorized capital of PJSC HC Kyivmiskbud to stabilize the company’s financial position through an additional issue and acquisition of shares worth up to UAH 2.56 billion. The placement of shares will last from October 1 to November 28, 2025.
HC Kyivmiskbud was established on the basis of the assets of the state-owned municipal construction corporation Kyivmiskbud in 1994 by combining controlling stakes in 28 enterprises and other assets in its authorized capital. It comprises 40 joint-stock companies in which the company owns shares, as well as six subsidiaries and 51 enterprises with associate member rights.
According to the National Securities and Stock Market Commission, the main shareholder of PJSC Kyivmiskbud is the Kyiv City Council (80%).
PJSC “HC ‘Kyivmiskbud’ has officially started the process of preparation for additional capitalization, there are also expectations of financial assistance from the government and participation in additional capitalization from minority shareholders, said Vladislav Andronov, Deputy Chairman of the KSCA on the implementation of self-governing powers, Chairman of the Commission for solving problematic issues related to the activities of ‘Kyivmiskbud’, at a meeting with investors on Wednesday.
He reminded that a meeting of the company’s shareholders is scheduled for February 14, at which it is planned to consider the issue of bringing the company’s charter and internal regulatory documents in compliance with the current legislation, as well as creating the necessary conditions for an additional issue of shares. According to Andronov, after making amendments to the charter and regulations on the supervisory board, the issue of the additional issue itself may be decided at the next meeting.
“There is a textual norm in the city budget that in case the decision is taken by the meeting of shareholders of Kyivmiskbud on additional capitalization, such funds, about UAH 2.6 billion, are provided for. Regarding minority shareholders (they own 20% of KGS), the city is interested in their participation in additional capitalization”, – Andronov said.
As reported, the Kyiv City Council supported the decision (No. 155/9964) to increase the authorized capital of PJSC “HC ‘Kyivmiskbud’ to stabilize the financial position of the company through an additional issue and purchase of shares up to UAH 2.56 billion. The Kyiv City Council also supported the decision (No. 155/9963) to request the Cabinet of Ministers to consider compensating HC Kyivmiskbud for the total planned losses of UAH 2.28 billion related to the completion of Ukrbud’s facilities, in particular by means of soft loans and other forms of assistance.
As for compensation for “Ukrbud” facilities, the city is actively corresponding with the Government, but most of the responses from ministries and departments are formally negative. In particular, the director of the Department of Intergovernmental Relations and Local Budgets Policy of the Ministry of Finance, Oleksandr Koren, replied that “the issue of realization of the above-mentioned compensation at the expense of the state budget can be considered only within the limits of its financial capabilities, which are extremely limited under the conditions of acute budget deficit caused by the martial law conditions”.
Thus, the main hope of investors to launch Kyivmiskbudget projects is on additional issue from the city budget resources. According to Andronov, after passing all the procedures, the Kyiv City Council plans to allocate budgeted funds to the company during 2025. Regarding the stage of restoration of projects and terms of their completion – this will be decided directly in “Kyivmiskbud”, taking into account the financial capacity and construction readiness of projects.
As reported, in March 2024 the Kyiv City State Administration established a temporary commission to solve problematic issues related to the activities of PJSC “HC ‘Kyivmiskbud’.
According to the results of the audit of “Kyivmiskbud”, conducted in 2023 by the state enterprise “Baker Tilly Ukraine Consulting”, LLC “Audit firm NHD-AUDIT” and LLC “Ernst & Young”, it was found that there were no signs of actions to bring the company to bankruptcy, concealment of the facts of financial insolvency or mass transactions by related parties. At the same time, the auditors found that the activity of Kyivmiskbud was disturbed due to external factors: COVID-19, full-scale war, the factor of “Ukrbud”.
HC “Kyivmiskbud” was established on the basis of the property of the state municipal construction corporation “Kyivmiskbud” in 1994 by combining in its authorized capital controlling stakes of 28 enterprises and other assets. The HC includes 40 JSCs, in which the company holds shares, six subsidiaries and 51 enterprises on the rights of associate member.
The main shareholder of PJSC HC Kyivmiskbud, according to the National Commission on Securities and Stock Market (NCSSM), is Kyiv City Council (80%).
The Kyivmiskbud holding company has prepared and sent to the Kyiv City State Administration a detailed calculation of the amount of funds needed to resume construction of residential complexes, which amounts to UAH 4.84 billion, the company’s press service told Interfax-Ukraine.
According to Vasyl Oliynyk, Chairman of the Board and President of Kyivmiskbud, the financial forecasts are based on economic indicators provided by one of the Big Four audit companies and are based on the hryvnia/US dollar exchange rate. Kyivmiskbud specialists have been working on identifying and justifying the necessary funds for the past four months.
“The baseline scenario of financial forecasting provided by Ernst & Young envisages the need for funds in the amount of $107,569,366, which, according to the exchange rate of UAH to the US dollar, which is included in the draft state budget of Ukraine for 2025 ($1 = 45 UAH), amounts to UAH 4,840,621,470). If we subtract the funds required for the completion of Ukrbud’s facilities, which are to be provided by the Cabinet of Ministers, from the baseline scenario of E&Y’s financial forecast (UAH 4.84 billion), the required amount of additional capitalization from the Kyiv City Council will be UAH 2.56 billion,” the head of Kyivmiskbud explains.
Earlier, the Kyiv City Council’s Standing Committee on Budget, Socio-Economic Development and Investment Activity instructed Kyivmiskbud to calculate the amount of funds the company needs to stabilize its operations.
As reported, in March 2024, the KCSA set up a temporary commission to resolve problematic issues related to the activities of PrJSC HC Kyivmiskbud.
An audit of Kyivmiskbud conducted in 2023 by state-owned Baker Tilly Ukraine Consulting, NHD-AUDIT LLC and Ernst & Young LLC found no signs of actions to drive the company into bankruptcy, concealment of financial insolvency or massive transactions by related parties. At the same time, the auditors found that Kyivmiskbud’s operations were disrupted by external factors: COVID-19, a full-scale war, and the Ukrbud factor.
On November 17, 2023, the Kyiv City Council Commission approved an interim report with recommendations and proposals for the developer’s further work, including the purchase of apartments in Kyivmiskbud’s facilities, consideration of a financial loan or additional capitalization of the company. The commission also recommended that the Kyiv City Council address the Cabinet of Ministers on the issue of compensating Kyivmiskbud for the total planned loss associated with the completion of Ukrbud’s projects in the amount of UAH 2.28 billion.
HC Kyivmiskbud was established on the basis of the property of the state municipal construction corporation Kyivmiskbud in 1994 by merging controlling stakes in 28 enterprises and other assets in its authorized capital. The holding company consists of 40 joint-stock companies in which the company owns shares, six subsidiaries and 51 companies as associate members.
According to the National Securities and Stock Market Commission (NSSMC), the main shareholder of PrJSC HC Kyivmiskbud is the Kyiv City Council (80%).
Source: https://interfax.com.ua/
The holding company Kyivmiskbud has analyzed the projects and decided that, subject to the approval of the Kyiv City Council of the mechanisms and sources of financing, starting from the third quarter of 2024, it is possible to start their gradual unfreezing, said Vasyl Oliynyk, Chairman of the Board and President of Kyivmiskbud, at a meeting of the temporary commission for resolving problematic issues related to the activities of PrJSC Kyivmiskbud.
“During this month and a half (after his appointment – IF-U), we managed to inspect all construction addresses – we have 25 of them, 120 buildings in total – analyze the state of affairs in the company and, together with the team, determine the directions we plan to move in order to stabilize Kyivmiskbud. We have physically measured all the scope of work, which allows us to plan. We are facing challenges, among which the search for funding sources is a priority,” he said.
According to Mr. Oliynyk, the actual stabilization plan for Kyivmiskbud will depend on the amount of funds raised.
He clarified that several options are being considered. In particular, cooperation with the utility company Zhytlo-Invest, which can purchase a certain number of apartments under the Rent to Own program. According to the analysis, the existing volume of apartments in the completed facilities allows to raise about UAH 500 million.
In addition, it is proposed to transfer several completed and commissioned kindergartens to the city. According to Oliynyk, since they were built earlier, these buildings need to be adapted to meet increased safety requirements. If the city agrees to buy out these kindergartens after the refurbishment of the shelters, it will give Kyivmiskbud another UAH 200-300 million to complete the facilities.
At the same time, this amount (UAH 700-800 million) will only be enough to restart several sites. To fully unfreeze the facilities, about UAH 2 billion a year is needed, and in total, as previously announced, about UAH 4 billion in 2024-2025.
“We are negotiating with state-owned banks Ukrgasbank and Sens on lending under state guarantees and collateral. The key may be to increase the authorized capital of Kyivmiskbud, and if Kyiv City Council members support this issue, it would be a real help,” Oliynyk outlined the real mechanisms for resuming the company’s work.
He added that currently, each month of downtime costs the company about UAH 10 million (stabilization of facilities, taxes, etc.).
According to Oliynyk, if the necessary funding is accumulated, the launch of all facilities, starting with five, is possible in the summer of 2024.
As reported, in March 2024, the Kyiv City State Administration set up a temporary commission to resolve problematic issues related to the activities of PrJSC HC Kyivmiskbud.
An audit of the company conducted in 2023 by state-owned Baker Tilly Ukraine Consulting, NHD-AUDIT LLC and Ernst & Young LLC found no signs of actions to bring it to bankruptcy, concealment of financial insolvency or massive transactions by related parties. At the same time, the auditors found that Kyivmiskbud’s operations were disrupted by external factors: COVID-19, a full-scale war, and the Ukrbud factor. On November 17, 2023, the Kyiv City Council Commission approved an interim report with recommendations and proposals for the developer’s further work, including the purchase of apartments in Kyivmiskbud’s facilities, consideration of a financial loan or additional capitalization of the company. The commission also recommended that the Kyiv City Council address the Cabinet of Ministers on the issue of compensating Kyivmiskbud for the total planned loss associated with the completion of Ukrbud’s projects in the amount of UAH 2.28 billion.
HC Kyivmiskbud was established on the basis of the property of the state municipal construction corporation Kyivmiskbud in 1994 by merging controlling stakes in 28 enterprises and other assets in its authorized capital. The holding company consists of 40 joint-stock companies in which the company owns shares, six subsidiaries and 51 companies as associate members.
According to the National Securities and Stock Market Commission (NSSMC), the main shareholder of PrJSC HC Kyivmiskbud is the Kyiv City Council (80%).
Detailed schedules of construction of objects of PJSC “HC “Kyivmiskbud” will be ready in 1.5-2 months, the search for sources of financing is the priority of the company, said the newly appointed Chairman of the Board – President of HC “Kyivmiskbud” Vasyl Oleinik.
“We do everything to work closely with the city, process together the directions we generate with the team, and support is promised to us. The main thing we are working on is attracting financial resources,” the press service quotes Oleinik’s words after the meeting with investors.
According to him, the company is also negotiating with banks on crediting, as well as dialoguing with institutions established to provide citizens with housing.
As reported, the mayor of the capital Vitali Klitschko at the end of December 2023 instructed to form a new composition of the nabsovet and board of PJSC Kyivmiskbud in a short time. Earlier, the head of the company Igor Kushnir announced his resignation from the post of chairman of the board – president of the company after 12 years of work.
According to the results of the audit of Kyivmiskbud conducted by Baker Tilly Ukraine Consulting, NHD-AUDIT Audit Firm LLC and Ernst & Young LLC, it was found that there were no signs of actions to bring the company to bankruptcy, concealment of financial insolvency or mass transactions by related parties. At the same time, the auditors found that the activities of Kyivmiskbud were disrupted due to external factors: COVID-19, a full-scale war, the factor of Ukrbud.
On November 17, 2023, the commission approved an interim report with recommendations and proposals for further work of the developer, among which – the implementation of the purchase of apartments in the objects of “Kyivmiskbud”, consideration of the possibility of a financial loan or additional capitalization of the company. The TCC also recommended the Kyiv City Council to apply to the Cabinet of Ministers to compensate Kyivmiskbud for the total planned damage associated with the completion of projects of the construction corporation Ukrbud in the amount of UAH 2.28 billion.
On January 29, 2024, Vladyslav Andronov, Deputy Head of Kyiv City State Administration, was appointed Head of the Supervisory Board of Kyivmiskbud instead of Mykola Povoroznik. In February 2024 the newly formed supervisory board appointed its vice-president Vasyl Oleynik as the chairman of the board – president of the company.
HC “Kyivmiskbud” was established on the basis of the property of the state municipal construction corporation “Kyivmiskbud” in 1994 by combining in its authorized capital controlling stakes in 28 enterprises and other assets. The HC includes 40 JSCs, in which the company holds shares, six subsidiaries and 51 enterprises on the rights of associate member.
The main shareholder of PJSC HC Kyivmiskbud, according to the National Commission on Securities and Stock Market (NCSSM), is the Kyiv City Council (80%).
