NovaSklo plans to start construction of a float glass plant in the Kyiv region in March 2026.
As NovaSklo CEO and founder of investment company EFI Group Igor Lisky told Interfax-Ukraine on the sidelines of the URC-2025 recovery conference, investments in the project amount to more than €240 million.
The project is being implemented with the support of UkraineInvest and the Ministry of Economy of Ukraine.
The project includes, in particular, the construction of a plant with a capacity of 24.8 million m2 of glass per year. The enterprise will reduce dependence on imports of flat glass and will produce products for export.
Liski noted that the project could pay for itself in 6-7 years.
He said that a memorandum had been signed on the sidelines of the conference between NovaSklo and three leading European equipment manufacturers – Horn Glass Industries AG (Germany), Zippe Industrieanlagen GmbH (Germany) and Bottero S.p.A. (Italy), which will be the main suppliers of technology and equipment.
According to Liska, NovaSklo has already secured a plot of land for production and purchased a license for sand extraction.
Commenting on the risks associated with the construction of an industrial facility in Ukraine, Liska noted that “this is an important symbolic project because it is a symbol of Ukraine’s recovery.”
“Broken glass and broken windows are always a symbol of decline and war. A new plant that produces high-quality glass is a symbol that we, Ukrainians, have a future, and we will rebuild Ukraine with the best glass and the best technology. We must do everything in our power to ensure that Ukraine has a different future,” he said.
Liski noted that the project is finalizing the signing of contracts with financial institutions for lending.
“This is a good margin project because all glass is currently imported, which involves high transportation costs. This project is efficient and has good margins. We think that the payback period will be 6-7 years,” he said.
NAEK Energoatom and Holtec International signed an agreement on the margins of URC-2025 in Rome, which provides for the construction of a plant for the production of small modular reactors (SMR) and spent nuclear fuel (SNF) containers using Holtec technology, Energoatom head Petr Kotin said.
“The agreement with Holtec is also a forward-looking agreement. It fixes what we plan to do with them. This is a plant to produce SMRs in Ukraine using their technology. They also transfer to us the technology of production of SNF containers,” Kotin said in comments to Interfax-Ukraine after signing the document.
He recalled that Holtec technology was used to build the Centralized Spent Nuclear Fuel Storage Facility (CSNFSF), which constantly needs new containers for it.
“Containers are needed all the time for spent fuel. They are now produced in the United States, and later we will produce them in Ukraine. It will be cheaper,“ – explained the head of ”Energoatom”.
As reported, Energoatom and Westinghouse on the margins of URC-2025 in Rome finalized agreements on the production in Ukraine of nuclear fuel using the technology of the American company.
“We signed a memorandum that consolidates everything that has already been done with Westinghouse (…). And this was just the summarizing part of the documents,” Kotin said in comments to Interfax-Ukraine after signing the memorandum.
Ukraine has not bought nuclear fuel from Russia since 2020 and has also refused to buy spare parts for nuclear reactors.
In June 2022, Energoatom and Westinghouse signed an agreement to supply nuclear fuel for all Ukrainian nuclear power plants.
The CCNF is an autonomous nuclear facility designed for long-term storage of spent nuclear fuel from the Pivdenno-Ukrainian, Khmelnytsky and Rivne NPPs, which until 2021 was exported to Russia for storage and reprocessing, costing Ukraine about $200 million annually. Fuel from these NPPs was supposed to be received by the Central Nuclear Fuel Storage Facility from April 2022, but the war corrected these plans, and the fuel was stored at the plants themselves until 2023, when its pilot operation began.
Since 2023, Ukraine has had a law adapting EU Regulation 305 and raising the requirements for the quality of building materials. The transition to the new standards will last until 2026, Andriy Ozeychuk, director of Rauta, said in an article for Interfax-Ukraine.
The document also requires the introduction of energy efficiency, certification, and increased responsibility for the declared characteristics of products.
Rauta is a leader in the Ukrainian steel construction market and a member of the European Construction Industry Association. The company provides design, manufacturing, and installation solutions in accordance with current EU regulations. The company is licensed to perform construction works with medium and significant consequences (CC2, CC3). According to the Unified State Register, the owner of 100% of the company’s authorized capital is Andriy Ozeychuk.
Ukrainian construction companies are experiencing a steady staff shortage, with some vacancies remaining open for up to six months, Rauta CEO Andriy Ozeychuk said in an op-ed for Interfax-Ukraine.
According to him, in 2022-2024, wages in the industry grew by about 20% annually.
Companies are increasingly attracting women and older people, and are also considering hiring workers from Asia.
Rauta is a leader in the Ukrainian steel construction market and a member of the European Construction Industry Association. The company provides design, production, and installation solutions in accordance with current EU regulations. The company is licensed to perform construction works with medium and significant consequences (CC2, CC3). According to the Unified State Register, the owner of 100% of the company’s authorized capital is Andriy Ozeychuk.
Kovalska Industrial and Construction Group (Kovalska) plans to start construction of the NUVO business center at 47 Zhylianska Street in Kyiv in 2026, the group’s CEO Serhiy Pylypenko said in an interview with LIGA.net.
“We plan to launch the project on the market approximately next year. The concept has been improved, but remains the same: mixed-use office space with some apartments, a hotel. We plan to start construction work in 2026,” said Pylypenko.
He noted that the company has finalized the project and increased its share from 50% to 100%, becoming the sole customer of the construction. Previously, KDD Ukraine was involved in the project.
As reported, in February 2023, Kovalska Group received permission to build the NUVO business park in the center of Kyiv. Earlier, in 2020, the group received permission from the Antimonopoly Committee to buy a 2-hectare land plot at 47 Zhylianska Street in the capital to build a business park.
MVRDV designed two Class A office buildings with a total area of 42 thousand square meters and a height of 18 and 11 floors. Orange Architects designed a 36 thousand square meter building designed to accommodate flexible offices, commercial and cultural spaces on the lower floors, and a hotel and residential space on the upper floors. The design of the complex also takes into account the light rail line on Zhylianska Street.
Kovalska ICG has been operating in the Ukrainian construction market since 1956. It unites more than 20 enterprises in the field of raw materials extraction, production and construction. Its products are represented by the brands Concrete by Kovalska, Avenue, and Siltek. Kovalska’s enterprises operate in Kyiv, Zhytomyr, Lviv, and Chernihiv regions. The aerated concrete plant in Kherson region has not been operating since the beginning of the occupation.
The group also includes Kovalska Real Estate, which is engaged in the construction of residential properties in Kyiv. Its portfolio includes more than 20 completed residential projects.
The cost of construction in Ukraine has risen by 70% since the start of the full-scale war, according to Andriy Ozeychuk, chairman of the board of directors of the Ukrainian Steel Construction Center, in a blog post for the Interfax-Ukraine news agency.
In 2024 alone, the cost of building materials and services rose by 24%, which significantly affected the cost structure of new projects.
Rauta is a leader in the Ukrainian steel construction market and a member of the European Construction Industry Association. The company provides design, manufacturing, and installation solutions in accordance with current EU standards. The company is licensed to perform construction work with medium and significant consequences (CC2, CC3). According to the Unified State Register, Andriy Ozeychuk owns 100% of the company’s authorized capital.
