Business news from Ukraine

Business news from Ukraine

“METRONOM” will host series of industry events in Kyiv, Lviv, Dnipro, and Odesa

A series of industry events titled “METRONOM” is launching in Ukraine, bringing together developers, architects, and urban planners to discuss the future of Ukrainian cities.

According to the organizers, the theme of the season is “Strategies for Urban Environment Development: Me, You, Society.”
A series of events is planned across various cities in Ukraine as part of the season. The first event will take place on April 23 in Kyiv at the “Osvitoria” venue.

The next event is scheduled for May 20 in Lviv; the venue is currently being finalized. Additionally, the BUDArena Expo—an exhibition and forum—will take place in Lviv on May 21–22.
Subsequent events in the series will be held on June 11 in Dnipro and July 1 in Odesa. Venues for these events will be announced at a later date.

The organizers also announced an expansion of the project’s geographic scope. Specifically, “METRONOM” events are planned for Uzhhorod and Rivne in the near future; dates and venues are currently being finalized.
The “METRONOM” event series is positioned as a professional platform for dialogue between participants in the development market, the architectural community, and urbanists regarding approaches to the development of the urban environment in Ukraine.

“Open4business” is the information partner for the events.

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Gennady Butkevich’s company will purchase former Ukrposhta sorting center in Lviv for UAH 2.85 billion

Power Place LLC, co-founded by Gennady Butkevich, co-founder of ATB Corporation and BGV Group Management, won the auction for the sale of the former sorting center of Ukrposhta JSC near the Lviv railway station with a bid of UAH 2.85 billion, which is 50 times higher than the starting price.

According to data on the Prozorro.Prozori platform, Power Place’s closest competitors in the auction were Intech Energo LLC and Kyivpasservice JSC with bids of UAH 1.1 billion, as well as ITek Systems LLC, which offered UAH 1 billion.

The area of the sold building is 5,600 square meters. The starting price was UAH 56.8 million.

According to the YouControl analytical system, the owner of Power Place LLC (Kyiv) is listed as City Estate Management LLC (100%), with Gennady Butkevich as the ultimate beneficiary.

In the summer of 2025, Power Place gained control of Zhytomyr Investments LLC. Earlier in April, Butkevych’s BGV Development opened its first shopping center, Zhito, in Zhytomyr.

As reported, in February 2026, Ukrposhta JSC put up for sale 20 unused real estate properties with a total area of 32,800 square meters.

 

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Agromat has opened its fifth store in Lviv, covering area of 800 square meters

The national chain of tile and sanitary ware stores Agromat LLC (Kyiv) is opening its fifth store in Lviv in the VAM shopping center at 100 Ivana Vyhovskoho Street, according to the company’s press service.

Its total area is over 800 square meters, with 680 square meters of retail space. The store is already operating in test mode, with the official opening scheduled for February 13-16.

Agromat CEO Stepan Slynchuk, quoted in the press release, noted that visitors will have access to professional support from the moment the store opens: from selecting everything they need for their idea and budget to free 3D visualization of the project.

“We are scaling this quality standard to each new facility (…) To this end, the team is constantly improving its expertise at the Agromat Academy,” he said.

Agromat manufactures and sells ceramic tiles and sanitary ware. The company was registered in 1993. Agromat brings together the professional community through the Club of Architects and Designers (CAD), implements innovations within Agromat.tech, and provides customers with access to the world’s best brands in 33 stores in 21 cities of Ukraine and on agromat.ua.

According to Youcontrol, the co-owners of the company with shares of 28.65% each are Serhiy Voitenko, Oksana Reva, and Anatoliy Tadai, with another 10.05% belonging to Olga Bashota and 4% to Nadiya Rushelyuk.

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Greenville developer commissioned 15,400 square meters of housing in Lviv in 2025

The Greenville group of companies commissioned 15,400 square meters of housing in Lviv in 2025 and continues to implement two projects in the capital, its press service told the Interfax-Ukraine news agency.

“In 2025, we have virtually completed the Greenville Park Lviv residential complex in Lviv. A total of 15,435.6 square meters (276 apartments) were built during the year. In November 2025, the final building of the complex was commissioned, so now all residential buildings of Greenville Park Lviv have been fully completed. Final work is currently underway on the construction of a parking lot, which is the final stage of the project,” said Yulia Bilen, head of the Greenville sales department in Lviv.

According to her, the aspect of inclusiveness was incorporated into the Greenville Park Lviv project even before the full-scale war, in particular, barrier-free entrances, convenient layouts, and accessible common areas were provided for. However, important changes were made during construction.

“Yes, with the first blackouts, we quickly adjusted the technical solutions. In particular, we provided a backup power supply in the tallest 20-story building. The building was equipped with a generator that guarantees the operation of elevators and common areas during power outages,” Bilen explains.

As for the company’s projects in the capital, multi-level underground parking lots are being built in the stylobate part of the Greenville Park and Greenville business-class residential complexes in Pechersk, as well as shelters and generators. Measures for inclusivity are provided for in the DBN “Inclusivity of Buildings and Structures”: ramps, signs with Braille inscriptions, voice guidance in elevators, etc. There is also a system that brings the elevator car to the nearest floor, which prevents it from getting stuck during emergency power outages.

“We try to adhere to the ‘8/80’ principle: when the territory of a residential complex is equally comfortable for an 8-year-old child and an 80-year-old pensioner. Such an environment includes wide pedestrian areas, ramps, elevators with wide entrances, navigation, voice guidance, lighting, etc.,” explained Natalia Dubik, head of Greenville’s Kyiv projects.

Greenville is a vertically integrated group of companies that has been operating in the field of renewable energy and residential and commercial real estate for over 20 years. According to the LUN new construction portal, the company is engaged in development activities in Kyiv and Lviv. Since 2010, 45 buildings have been commissioned, and 6 buildings are under construction.

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Galichpharm plans to increase sales by 15% by end of 2025

The pharmaceutical company Galichpharm JSC (Lviv) plans to increase sales by 15% by the end of 2025, according to a report posted on its website.

According to the report, in the first nine months of 2025, Galichpharm produced 4.753 million packages of finished medicines worth UAH 904.94 million.

The average cost of one package of manufactured medicines in the form of injections was UAH 132.24, infusions – UAH 32.35, liquids and syrups – UAH 67.9, and tablets – UAH 22.24.

The company’s revenue for January-September reached UAH 252.449 million.

In addition, the company reports that exports accounted for 9.13% of total sales, and its products were supplied abroad for more than UAH 23 million. The company exports to the markets of Kazakhstan, Georgia, Uzbekistan, Latvia, and other countries.

According to the company’s estimates, Galichpharm ranks fifth in terms of retail sales in monetary terms for the first nine months of 2025, with a market share of 1.3%.

As reported, at the end of 2024, Galichpharm reduced its net profit by 39% compared to 2023, to UAH 13.705 million, while in 2023 this figure was UAH 22.52 million.

As reported, the investment company Sky Development won an open auction organized by the Deposit Guarantee Fund and acquired the rights to claim the insolvent JSC Bank Finance and Credit under ten loan agreements with leading Ukrainian pharmaceutical companies: JSC Galichpharm and JSC Kyivmedpreparat. According to Sky Development, the total amount of its claims exceeds UAH 3.5 billion.

For their part, Kyivmedpreparat and Galichpharm stated that the information disseminated by Sky Development is “unreliable, manipulative, and shows signs of deliberate discrediting of the companies’ activities.” In particular, both companies denied the existence of “multibillion-dollar debts” to Sky Development. The pharmaceutical companies regarded the statements of Sky Development LLC as “an attempt to illegally create non-existent creditor debt for the purpose of a possible raider takeover of the companies.”

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Ukrzaliznytsia wants to attract EU grants for construction of 80 km of European gauge railway to Lviv

Ukrzaliznytsia (UZ), subject to European and state co-financing, plans to implement the Mostytska-Sknyliv project in the next two years and further develop the Lviv-Uzhhorod -Chop and Lviv-Chernivtsi-Vadul-Siret (Romania), which will allow Ukraine to begin restoring and realizing its unique geographical status, said Oleg Yakovenko, director of the strategy and transformation department at Ukrzaliznytsia.

“We also plan to obtain grant funds for the Mostyska-Sknyliv project, which will connect 80 km of European gauge track between the Polish border and Lviv. Next, we are currently conducting technical and economic studies on the corridors connecting Lviv, Chernivtsi, and Romania,” Yakovenko said during the Kyiv International Economic Forum (KIEF) on Thursday, October 16.

According to him, as part of Ukraine’s integration into the European Union, UZ plans to develop 1435 mm gauge railways and European transport corridors on the territory of Ukraine. The European integration reform of the railway industry also envisages a radical change in the functioning of the entire railway model in Ukraine.

“First of all, we are talking about market reform, which involves separating the infrastructure operator within Ukrzaliznytsia from the transport operators. This will allow us to liberalize the market in the future. It will also allow us to create market mechanisms specifically for transport,” Yakovenko explained.

He named the introduction of European rules on technical compatibility and interoperability as another element of the reform. This concerns technical safety standards, as well as changes to the safety management system.

The director of the strategy and transformation department at Ukrzaliznytsia noted that a draft law “On the safety and interoperability of Ukraine’s rail transport” is currently planned to be submitted for adoption by the end of the year, while next year the company expects a law on market liberalization to be introduced.

As Yakovenko explained, it is expected that a so-called infrastructure access tariff will be formed, according to which market participants will be able to purchase certain access to transport routes from the infrastructure operator on a competitive basis.

“These tariffs will be regulated, i.e., they will be formed in accordance with the tariff formation procedure and will reflect economically justified tariffs in accordance with European rules,” emphasized the representative of Ukrzaliznytsia.

It is noted that the new system will introduce separate PSO (Public Service Obligation) contracts between passenger carriers and the state at the national level, as well as between carriers and local authorities. This should remove the financial burden from freight transport.

As reported, in September, a section of standard (“European”) 1435 mm gauge railway was opened between Uzhhorod and Chop in Zakarpattia Oblast, which will allow for direct rail connections between Uzhhorod and a number of European capitals.

In addition, in January 2025, it was reported that the reconstruction of the railway track on the section “Polish State Border – Mostyska II – Sknyliv (Lviv)” would be postponed until 2026, although in February 2024, the then Deputy Prime Minister for Recovery – Minister of Community, Territory and Infrastructure Development Oleksandr Kubrakov announced the start of construction by the end of 2024. Later it became known that Ukraine had failed to attract Connecting Europe Facility (CEF) funding for the project. It was reported that the US Agency for International Development (USAID) was considering financing 50% of the project’s cost, but it has since been liquidated.

 

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