Business news from Ukraine

Business news from Ukraine

Imports of batteries to Ukraine grew by 63% over nine months, reaching $909.7 million

Imports of electric batteries and separators to Ukraine in January–September 2025 increased by 62.6% compared to the same period last year, reaching $909.7 million, according to the State Customs Service (SCS).

The main supplies came from China ($616.7 million, or 67.8% of the total), Vietnam ($95.9 million, or 10.5%), and Taiwan ($16 million, or 1.7%).

For comparison, in 2024, the largest exporters were China (80.7%), Bulgaria (3.7%), and the Czech Republic (3.3%).

In September 2025, battery imports decreased by 1.7% compared to September 2024, to $114.6 million.

According to GTS data, in 2024, battery imports more than doubled to $950.6 million, reflecting steady demand for energy independence equipment. As with generators, in July 2024, Ukraine temporarily exempted imports of battery equipment from customs duties and VAT to ensure a stable energy supply amid the war and damage to power grids.

https://expertsclub.eu/import-akumulyatoriv-v-ukrayinu-za-devyat-misyacziv-zris-na-63-do-9097-mln/

 

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Ukraine increased imports of generators more than fourfold in January–September

Imports of electric generator sets and rotating electrical converters to Ukraine in January–September 2025 increased 4.2 times compared to the same period in 2024, reaching $1.209 billion, according to data from the State Customs Service (SCS).

According to the SCS, the largest suppliers of equipment were the Czech Republic (19.7% of the total volume, $238.1 million), Romania (18.5%, $223.3 million), and Poland (12.5%, $150.6 million).

For comparison, last year’s leaders were China ($69.8 million), Turkey ($61.4 million), and the Czech Republic ($31.9 million).

In September 2025, imports of generators increased almost threefold compared to September last year, reaching $191.6 million.

Exports of such equipment from Ukraine remain insignificant — $3.52 million in nine months, mainly to the Czech Republic, Latvia, and Bulgaria.

According to the State Customs Service, the sharp increase in imports is associated with the active modernization of energy infrastructure and the continuing demand for autonomous power sources.

The authorities had previously exempted generators and batteries from customs duties and VAT (Cabinet of Ministers resolution of July 2024).

https://expertsclub.eu/ukrayina-v-sichni-veresni-zbilshyla-import-generatoriv-bilsh-nizh-u-chotyry-razy/

 

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Ukrainian real estate market: expectations, trends, forecasts from founder of Standard One

During his speech at LUN Conference 2025, Oleksandr Ovcharenko, co-owner of Standard One, shared his vision of the development of the Ukrainian real estate market.

According to him, the number of projects will continue to decline, and developers should focus on creating products that provide predictable cash flow and build investor confidence.

“We will see a return of buyer and investor confidence. However, investors are becoming more demanding, looking for a balance between price, area, quality, product readiness and, above all, predictable profitability and payback,” said Ovcharenko.

He emphasized that the winner is not the developer who sells cheaply, but the one who transparently explains and communicates the value for which the investor should pay. After all, prices will continue to rise due to high production costs. Today, there is a certain imbalance in the market: when the cost of production is growing faster than the selling price. This forces many developers to temporarily suspend the launch of new projects and wait for better conditions.

Despite the difficult situation, the co-owner of Standard One sees the prospect of a gradual return of mass and institutional investors to the market.

“If a product that combines capitalization with a rental approach and is able to provide a stable cash flow is launched on the market, it attracts a lot of interest from investors. That is why Standard One was the first in Ukraine to research and implement projects in the build-to-rent format,” said Oleksandr Ovcharenko.

A separate topic for discussion was construction financing. According to Oleksandr, cross-financing is the first step to bankruptcy, so Standard One has abandoned this approach. The project uses its own financing system, in particular through installment programs, as buyers increasingly expect flexible and loyal terms.

This year, Standard One launched a new product on the market – S1 REIT. This is a proprietary investment instrument that diversifies sales sources by raising funds through collective investment institutions. It gives investors the opportunity to invest profitably in a liquid product or, having accumulated a certain number of certificates, to exchange them for an apartment. This expands investment opportunities for different categories of investors.

For reference:

Standard One (S1) is a full-cycle development company that has been developing the build-to-rent segment in Kyiv since 2016. The portfolio includes the completed S1 VDNH project and new buildings S1 Obolon, S1 Terminal, S1 Nyvky.

 

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Ukrainian construction sector continues to suffer from staff shortage – developers

The construction sector continues to suffer from a shortage of personnel, which forces companies to offer specialists competitive conditions and raise salaries to guarantee the continuation of construction projects, Ukrainian developers told Interfax-Ukraine.

“Due to the outflow of some specialists abroad and internal migration, it is becoming increasingly difficult to find the right specialists. This creates additional challenges for employers, but at the same time stimulates an increase in labor remuneration. As a result, the construction sector today offers specialists more competitive conditions than most other markets“, – told the agency in the company ”RIEL”.

As the press-service of the developer Alliance Novobud reported, the shortage of personnel is felt most of all in the categories of working professions. In order to maintain competitiveness, the company has adjusted labor remuneration in accordance with market trends and improved recruiting processes, due to which the staffing situation has slightly improved compared to last year.

According to Maxim Odintsov, the development director of the Odessa-based construction company Dva Akademika, the average annual rate of recruited workers increased by 10-18%, depending on the specialist. At the same time, developers feel the shortage of staff at all levels.

Vladimir Zhigman, construction director of the DIM company, noted that the greatest shortage of masons, concrete workers, electricians, welders, engineers, special equipment drivers, simple builders and laborers. “The deficit of such specialties remains at the level of 30-45%, and the competition for such workers is quite high,” he reported.

According to Zhigman, the shortage of construction specialists is explained not only by mobilization measures, but also by the small number of students who receive working specialties.

City One Development added that there is also a shortage of monolithic workers, masons and facade workers in construction. The developer’s press service noted that over the last year salaries have increased by an average of 20%, which is due to the strategic need to retain professionals.

In the fight against staff shortage, developers resort to searching for workers in other cities and even attract specialists from abroad, said Ramil Mehdiyev, CEO of Enso development company. According to him, salaries have grown by a quarter over the year.

According to Dan Saltsev, commercial director of the Kiev office of Greenville, despite the government’s steps to stimulate the construction sector and increase the minimum wages in this area, the shortage of staff here this year has become even more tangible. The decision to open the borders to young people will further exacerbate the labor shortage.

“The situation of labor shortage has become even more tangible. The main reason is the rapid outflow of population and mobilization activities. The outflow has become even more tangible after the opening of borders for young people – males under 23 years of age. However, the construction industry is still traditionally a ‘male’ profession,” the expert explained.

As reported, according to “OLX Work”, more than 60% of employers are experiencing a shortage of staff among the working specialties, and the highest median salaries are offered to professionals in the construction industry – facade workers, plasterers, bricklayers, etc.

 

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SEC Newgate has opened office in Ukraine

Global communications group SEC Newgate has opened an office in Ukraine that will specialize in crisis and reputation management, corporate communications, advocacy, and GR.
“The opening of the office of a global corporation ranked 19th in the world rankings was planned a year ago, and all this time preparations for investments, determination of approaches and main directions were underway,” wrote Artem Bidenko, a member of the board of SEC Newgate Ukraine.
He added that significant progress in the group’s work in Ukraine and the visit to its opening in Kiev these days by the head and founder of the SEC Newgate group, Fiorenzo Tagliabue, was achieved at the conference on the restoration of Ukraine in Rome, URC2025.
It is noted that Andriy Rudenko became the director of the Ukrainian company, and Serhiy Bidenko, founder of Reputation Antistress (Bayka.agency), became an advisor.
SEC Newgate has offices in 32 countries. The Ukrainian office will support local companies in entering international markets, advise foreign clients on investments in Ukraine, and be involved in the country’s recovery processes.

 

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Ukraine breaks diplomatic relations with Nicaragua

Ukraine has announced the severance of diplomatic relations with the Republic of Nicaragua in response to Managua’s decision to recognize Crimea, which is temporarily occupied by Russia, as well as parts of the Donetsk, Luhansk, Zaporizhzhia, and Kherson regions as part of the territory of the Russian Federation, the Ministry of Foreign Affairs reported.

“This decision is a gross violation of the UN Charter and international law. Support for Russia’s armed aggression and recognition of the so-called ”DPR“ and ‘LPR’ indicates the political identification of the Managua regime with the aggressor state,” the Ukrainian Foreign Ministry said.

Foreign Minister Andriy Sibiga stressed that Kyiv will continue to respond harshly to any attempts to undermine Ukraine’s sovereignty and territorial integrity.

Diplomatic relations between Ukraine and Nicaragua were established on September 6, 1992. Ukraine’s interests in Nicaragua were represented by the embassy in Mexico, and consular functions were performed by the Consulate General of Ukraine in Havana (Cuba).

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