Business news from Ukraine

Business news from Ukraine

Meest China Is Investing in New Logistics Facilities in Ukraine

The Ukrainian market has potential for logistics, which is why Meest China is investing in new logistics facilities, said Meest China co-owner Vyacheslav Lysenko at the 12th Kyiv International Economic Forum (KIEF) “People. Business. Economy. What’s Next?” in Kyiv this week, according to an Interfax-Ukraine correspondent.

“The figure of 2.5 million square meters of destroyed warehouses means that, unfortunately, there is once again room for investment. For example, we are currently completing the construction of warehouses, and many other companies are building as well. But these are new warehouses, new approaches. Previously, a Category ‘A’ warehouse was considered a very high standard; now, Category A is a must-have,” he said.

Lysenko told the Interfax-Ukraine news agency that the company’s new 25,000-square-meter logistics facility will be launched by the end of the year in the Lviv region; the company has invested approximately $30 million in the project.
According to him, logistics as a whole will undergo radical changes, as exemplified by the proliferation of parcel lockers. “There are many new technologies that we haven’t seen in Ukraine yet; they will emerge here as a new level of logistics, a new generation. And this will be interesting because it will change the market. And this is still ahead of us,” he said.

Lysenko also spoke about the company’s current social programs designed to support employees’ mental well-being. In particular, the company has rented hotels for the four coldest months of the year, where employees can go with their families to “get some rest.” “It’s expensive, yes, but it significantly boosts their productivity. Many other companies have started doing the same after us,” he said.

Meest China is part of the Meest holding company, has been operating in the international postal and logistics services market since 2014, and is currently the leader in deliveries from China to Ukraine. The company specializes in delivering goods as duty-free postal shipments for personal use, as well as commercial cargo for business clients. It has offices and warehouses in China and Ukraine. Currently, the company delivers cargo from China to approximately 30 countries worldwide, from South Korea and Japan to Ukraine, and also provides freight services for worldwide delivery.

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Kyiv and Lviv regions accounted for over 1.1 mln square meters of new housing in first half of year

The Kyiv and Lviv regions together accounted for over 1.1 million square meters of new residential construction reported in Ukraine from January through June 2026.

According to the State Statistics Service, 599,300 square meters were reported in the Kyiv region and 501,500 square meters in the Lviv region.

Another 437,900 square meters were accounted for by Kyiv, 328,700 square meters by the Odesa region, and 248,400 square meters by the Ivano-Frankivsk region.

The concentration is particularly noticeable in terms of the number of future apartments. In the Kyiv region, approximately 9.1 thousand apartments were announced; in the Lviv region, 7.2 thousand; and in the Ivano-Frankivsk region, 5.8 thousand

Together, these three regions alone accounted for over 22 thousand apartments—that is, a significant portion of the total new supply of multifamily housing announced nationwide in the first half of the year.

The regional breakdown reflects an ongoing redistribution of development activity. Kyiv and the Kyiv region remain the largest metropolitan market, while the Lviv and Ivano-Frankivsk regions maintain a significant volume of construction in the western part of the country.

At the same time, the trend is uneven: in the Kyiv region, the volume remained virtually unchanged from last year’s level, while in Kyiv it decreased by 10.7%, and in the Ivano-Frankivsk region—by 20.5%.

Source: State Statistics Service of Ukraine.

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Kyivstar has acquired six solar power plants in Lviv region

Kyivstar, Ukraine’s largest mobile operator, announced the acquisition of six solar power plants (SPPs) with a total installed capacity of 105 MW in Lviv Oblast for 3.6 billion UAH, or $80.8 million, according to a company statement on Tuesday.

“Renewable energy is one of the key areas of Kyivstar’s investment portfolio, as it opens up opportunities for the further use of ‘green’ electricity to cover part of the company’s energy needs,” Kyivstar CEO and President Oleksandr Komarov is quoted as saying in the release.

Taking into account the initial purchase last December of the 13-MW “Sunwin 11” solar power plant for $3 million in the Zhytomyr region, Kyivstar’s total “green” generation capacity has grown to 118 MW, enabling the company to generate electricity equivalent to approximately 30% of its current annual consumption, the press release states.

“Electricity from the acquired solar power plant group will be fed into Ukraine’s unified power grid in accordance with current market and regulatory rules, which will allow Kyivstar to partially hedge against risks associated with fluctuations in electricity prices,” Kyivstar explained.

The mobile operator noted that these “green” projects also enable it to build a long-term energy consumption model, strengthen the country’s energy sector, and align with sustainable development goals.

“Kyivstar will continue to invest in initiatives that combine technological efficiency, compliance with ESG principles, and support for the Ukrainian economy,” the company noted.

As reported, in March of this year, Kyivstar received approval from the AMCU to purchase six solar power plants in the Lviv region: Energo-Postach-Plus LLC, Lightful, Sunlight Generation, Ternovytsia Solar, Energy Space, and Ternovytsia Solar Plus.

In the first quarter of 2026, Kyivstar increased its EBITDA by 28.5% to UAH 7.5 billion, while revenue grew by 31.3% to UAH 13.9 billion.

In 2025, the Kyivstar Group increased its EBITDA by 30% to UAH 27 billion, with revenue growing by 30.3% to UAH 48.2 billion. In particular, in the fourth quarter of last year, EBITDA increased by 23.1% to UAH 7.2 billion, with revenue growing by 30.1% to UAH 13.5 billion.

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Kormotech to Launch New Solar Power Plant in Lviv Region in May

The Ukrainian group of companies Kormotech, a manufacturer of dog and cat food, continues to expand its on-site solar power generation at its production facility in Prylbychi, Lviv Region. The commissioning of a 366-kW ground-mounted solar power plant is scheduled for May, according to the company’s press service.

“The experience of leading European manufacturers confirms that on-site solar power generation at industrial facilities is becoming the industry standard. Kormotech is moving purposefully in this direction; our strategic goal by 2028 is to cover at least 15% of our electricity consumption through our own generation,” said Chief Power Engineer Yuriy Komprychevsky.

As previously reported, on July 2, 2024, Kormotech commissioned a 383 kW rooftop solar power plant. On June 6, 2025, the plant was modernized, after which its capacity increased to 442 kW. This made it possible to increase the volume of green electricity production.

At the same time, Kormotech’s energy team was seeking an external investor to build a ground-mounted solar power plant. Since May of last year, the company’s specialists have reviewed proposals from five companies. Following negotiations, Kormotech signed an agreement with Ecotech Invest. Under this model, the investor fully finances the construction of the plant, and the company purchases the generated electricity at a pre-agreed rate.

As of now, the company is completing the construction of a 366 kW ground-mounted solar power plant; after its launch, the total solar generation capacity at the Prilbychi facility will reach 808 kW.

According to Komprichevsky, on sunny summer days during lunchtime, the power plants will be able to cover up to 50% of the plant’s instantaneous consumption. On a monthly basis, the share of self-generated green electricity will account for about 13% of total consumption, and on an annual basis, about 8%.

Kormotech is an international family-owned company with Ukrainian roots, founded in 2003. It produces cat and dog food under the Optimeal, Club 4 Paws, Delickcious, Meow!, Woof!, and My Love brands. It has production facilities in Ukraine and the EU, and its product range includes over 650 items. The company’s products are available in 55 countries worldwide, both under its own brands and under the brands of partner companies.

According to published information, the company’s strategic goal is to become one of the top 30 global pet food manufacturers by 2029, with annual revenue of EUR 500 million, of which EUR 300 million is planned to come from European markets.

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West Berry launches new berry freezing facility in Lviv region

West Berry LLC (Drohobych, Lviv region), one of Ukraine’s leading exporters of frozen berries, has launched a new production facility with modern sorting and processing lines and blast freezing tunnels, according to the Drohobych City Council.

According to the report, the new facility, with an area of about 10,000 square meters, was built in six months. The project includes two shock freezing tunnels with a total capacity of 7 tons per hour (3.5 tons each) and six product storage chambers.

“Our goal is to ensure a full production cycle: from growing and harvesting berries to freezing and selling finished products on European markets,” said company CEO Volodymyr Sambirsky.

The company is currently completing the construction of office space, a canteen, and a modern shelter.

In 2025, the company won a $150,000 grant from the FAO and the European Union, which made it possible to speed up the launch of new lines.

West Berry LLC was founded in 2016.

It specializes in harvesting and freezing wild and cultivated berries (sea buckthorn, currants, blueberries, raspberries, elderberries, etc.). The products are exported to Germany, Italy, France, Poland, and the Baltic countries.

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Tile invested €10 mln in oil refinery in Lviv region

Tail LLC (Lviv region), one of the leaders in the production of metal roofing and corrugated sheets, has invested €10 million in the construction of an oil refinery, according to Maksym Kozytskyi, head of the Lviv Regional Military Administration (OVA).

“This facility represents investments that remain in Ukraine and strengthen our economy. For Lviv region, this means new jobs, taxes paid to the local budget, and a contribution to the development of the region’s economy,” he wrote on Telegram after visiting the enterprise together with Prime Minister Yulia Svyrydenko.

The head of government clarified that the owners of the enterprise, Yuriy Shkvark and Andriy Tsymbalyak, decided to diversify and try their hand at agricultural processing during the war.

“All the equipment at the plant is Ukrainian: TAN refining and PET Pet Technologies line from Chernihiv, TEFF boiler room from Odesa, Nadiya bottling line from Cherkasy, AKIM containers and filling unit from Dnipro, Lubnimash silos from Lubny. From Ukrainian entrepreneurs like them, who ensure our economic stability with their energy, labor, inventions, and investments,” Svyrydenko wrote on Telegram.

She added that Lviv entrepreneurs are currently building another plant in Kremenchuk.

Tail LLC was founded in 2009 in the Lviv region. It specializes in the production of steel roofing materials for exterior decoration of houses, facade work, and industrial complexes. The company’s product range includes more than 15 types of products, which are manufactured on 25 production lines.

According to data from Opendatabot, in 2024, Tile LLC increased its revenue by 19.6% to UAH 820.51 million, reduced its net profit by 1.9 times to UAH 10.16 million, increased its debt obligations by 1.6 times, to UAH 427.76 million, assets by 1.4 times, to UAH 550.51 million, and the number of employees by 19, to 204.

The beneficiaries of the enterprise are Andriy Tsymbalyak and Yuriy Shkvark.

 

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