Business news from Ukraine

Business news from Ukraine

Around $680 billion annually is needed to transform global agrifood systems — FAO

Around $680 billion in financing annually is needed to transform global agrifood systems by 2030, but the effectiveness of international programs will depend not only on the amount of funding, but also on farmers’ and agribusinesses’ access to finance, markets and economic incentives.

According to SEEDS, financing issues were discussed in Rome during the FAO Global Conference “Actions in One Health in Agrifood Systems,” which took place on September 21–23 and was dedicated to implementing the One Health approach in agrifood systems.

According to FAO estimates, the annual financing requirement for the transformation of agrifood systems in low- and middle-income countries amounts to around $680 billion. Of this amount, approximately $425–426 billion should go directly to investments, with another approximately $255 billion allocated to social protection systems.

International expert on sustainable agriculture and agrifood systems and founder of Sapienza.media Kateryna Zvierieva, who participated in the conference, stressed that the volume of international financing alone does not guarantee results if resources do not reach direct producers.

“We can develop effective environmental and veterinary solutions, but they will not become widespread practice if the farmer does not have access to financing, sales markets and economic incentives for their implementation,” she said in a comment to SEEDS.

Rwanda became one example of effective fundraising. About $25 million in financing from the Pandemic Fund was accompanied by the mobilization of approximately another $160 million in additional resources and related investments. The program is aimed at strengthening epidemiological surveillance, early warning systems and coordination between human and animal health services. FAO, WHO and UNICEF are involved in its implementation.

During the conference, programs in Zimbabwe and Afghanistan were also discussed, where the One Health approach is used to combine veterinary safety, healthcare, food security and support for agricultural production. Participants stressed that animal diseases, climate risks and water-related problems often extend beyond individual states and require regional investment programs.

The reduction of international assistance remains a separate problem. Representatives of the European Commission drew attention to the need to involve the World Bank, IFC, the International Fund for Agricultural Development and private capital more broadly in financing, since grant resources are insufficient for a large-scale transformation of the agricultural sector.

For Ukraine, these approaches are particularly important due to the need to simultaneously restore agricultural production, infrastructure, the veterinary system and water resources, as well as adapt the sector to EU standards.

According to Zvierieva, international programs should be accessible not only to large institutions, but also directly to agricultural enterprises, cooperatives and small producers. Farmers, in her opinion, should be involved in the development of such programs already at the planning stage, since it is they who can assess the real cost of introducing new technologies and the economic risks for farms.

FAO also emphasizes that without the involvement of the private sector, financial institutions and direct producers, it will be impossible to overcome the global financing gap in agrifood systems.

Source: SEEDS — “$680 billion for the transformation of agrifood systems”

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Ukrainian carriers will be able to receive up to 15% compensation for investments made to meet EU standards

Ukrainian transport companies may receive compensation amounting to 10–15% of their investments in the modernization of vehicles and equipment to meet European Union standards, according to Gabriel Blanc, head of the working group on Ukraine’s reconstruction at the European Commission’s Directorate-General for Enlargement and Eastern Neighborhood.

According to “Interfax-Ukraine”, this mechanism applies to companies that take out loans from Ukrainian banks and invest in technologies that meet EU standards.

“We have what is known as a cashback mechanism: if a company takes out a loan from a Ukrainian bank and invests in technologies that meet EU standards, we can offer a refund of 10–15% of the investment amount,” Blanc noted during the event “Regional Business Dialogues on European Integration: The Transportation Sector” in Lviv.

According to him, Ukraine has currently fully implemented less than 10% of EU transport rules and standards, and has partially implemented less than half. Key tasks include harmonizing social and market regulations in the road transport sector, strengthening enforcement of compliance, and developing inspection and investigation bodies for rail and water transport.

Among the investments that Ukrainian carriers may need to make in order to operate according to European standards, Blanc cited the installation of second-generation smart tachographs, the purchase of Euro 6-compliant vehicles, and compliance with driver working time requirements. He noted that for small and medium-sized enterprises, such costs can be substantial, especially during wartime.

At the same time, the European Commission views this modernization as an investment in Ukrainian businesses’ future access to the EU transport market and their long-term competitiveness.

Support for transportation companies can be provided both directly to large Ukrainian enterprises and through banks. Currently, the ten largest Ukrainian banks are utilizing risk-sharing mechanisms, which helps reduce credit risks, particularly for small businesses, enterprises in frontline regions, and relocated companies.

The total portfolio under the risk-sharing mechanism already exceeds EUR 6 billion. The EU plans to further scale up financing programs for Ukrainian companies that are investing in bringing their operations into compliance with European standards.

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In Odesa region, plans in place to invest over $20 mln in processing salt from Kuyalnik Estuary

Kuyalnik Salt Works LLC plans to invest over $20 million in a project to extract excess salt from the Kuyalnik Estuary and process it into table salt, according to the publication SEEDS.

The Odesa Regional Military Administration and the company signed a memorandum of cooperation on the implementation of investment and environmental projects in the Kuyalnik Estuary area. The Odesa Regional Military Administration officially confirmed the investor’s intention to invest over $20 million in the project.

According to SEEDS, Kuyalnik Salt Works LLC was established in 2026. The company plans to extract excess salt from the estuary and process it into food products. The estimated production capacity is approximately 300,000 metric tons of salt per year.

This volume accounts for about three-quarters of Ukraine’s salt imports in 2025. According to the State Customs Service, last year Ukraine imported about 415,000 metric tons of salt worth $49.6 million.

Thus, the implementation of this project could significantly reduce Ukraine’s dependence on imported table salt, and once production reaches full capacity, it could lay the groundwork for resuming salt exports.

The need to develop new salt sources increased sharply after the Artemsil plant in Soledar shut down in 2022. Prior to the full-scale invasion, Ukraine was a major producer and exporter of salt; however, after losing access to its key production facilities, it became heavily dependent on supplies from abroad.

The project on the Kuyalnik Estuary also has an environmental component. According to the Odesa Regional State Administration, the memorandum provides for the development of environmental protection infrastructure, the implementation of modern environmental solutions, and the execution of “green” projects. The issue of utilizing the estuary’s salt resources has been under consideration for over a year, with the participation of the Cabinet of Ministers, scientists, and relevant experts.

Before commencing industrial extraction, the company must still complete the procedures required by law, including an environmental impact assessment and obtaining the necessary permits for the use of natural resources. The Kuyalnik Estuary has special environmental protection and resort status.

Original source of the article: SEEDS – “Investor Plans to Invest Over $20 Million in Processing Salt from the Kuyalnik Estuary for Food Use”.
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In Hong Kong, it takes 15 years’ worth of income to buy an apartment, while in Miami and Dubai it takes about five—UBS

Hong Kong remains the least affordable metropolis for homebuyers among the cities surveyed by UBS: a skilled service sector worker needs about 15 years’ worth of annual income to purchase a 60-square-meter apartment near the city center.

These figures are contained in the UBS Global Real Estate Bubble Index 2026, published on September 22.

More than ten years’ income is also required to purchase a similar apartment in Tokyo, Paris, London, and Seoul.

UBS also notes a high burden on buyers’ incomes in Singapore, Lisbon, Zurich, Geneva, São Paulo, Munich, Sydney, Milan, and New York.

At the other end of the ranking are Miami and Dubai. A 60-square-meter apartment there costs roughly five times the annual income of a skilled worker.

However, a relatively lower ratio of real estate prices to wages does not necessarily mean affordable housing. In the U.S. and Canada, affordability is further limited by high mortgage rates, bank requirements, and other costs of homeownership.

According to UBS’s calculations, compared to 2021, the average skilled worker in the cities surveyed can now afford about one-third less living space on their income.

Separately, UBS compared real estate prices to rent. The highest ratio was recorded in Zurich: the cost of an apartment is equivalent to approximately 46 years of rent. In Geneva, the ratio is about 40 years, while in Munich, Frankfurt, and Hong Kong, it exceeds 30 years.

A high ratio of purchase price to rent may indicate that investors are anticipating further significant price increases. If such expectations wane, the risk of property value losses increases, notes UBS.

Kyiv was not included in this study.

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ASTOR Enerji is considering building an energy storage systems plant in Kyiv region

The Turkish company ASTOR Enerji A.Ş., which specializes in electrical equipment manufacturing, plans to implement a project worth up to $200 million in the Kyiv region, which will involve the production of energy storage systems and transformers, according to the Kyiv Regional Development Agency.

“The company is considering investing up to $200 million in the creation of a modern manufacturing complex in the Kyiv region. The project involves the production of energy storage systems, battery solutions, electrical equipment, and transformers,” the agency stated in a post on LinkedIn on Tuesday.

It notes that a corresponding memorandum with ASTOR Enerji A.Ş. was signed by the Kyiv Regional Military Administration with the agency’s support during the Carpathian Eight Summit.

The agency notes that for the Kyiv region, the implementation of such a project will mean the creation of new production capacity and jobs, further industrial development, the introduction of advanced technologies, and enhanced energy resilience.

It explained that it will continue to support the project through the next stages: from selecting potential investment sites and engaging with local communities to coordinating further steps with the investor.

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Zurich and Tokyo Top Global Housing Bubble Risk Ranking — UBS

Zurich and Tokyo were the only two of the world’s 23 largest cities that UBS classified in 2026 as having a high risk of a housing real estate bubble.

According to the UBS Global Real Estate Bubble Index 2026, published on September 22, Zurich’s index stood at 1.69 and Tokyo’s at 1.54. UBS considers an index above 1.5 to indicate high risk.

The “elevated risk” category included Miami with an index of 1.41, Dubai at 1.16, Seoul at 1.13, Geneva at 1.12, and Lisbon at 1.04.

Moderate risk was recorded in Amsterdam at 0.95, Madrid at 0.86, Los Angeles at 0.69, Sydney (0.68), Frankfurt (0.64), Toronto (0.63), Vancouver (0.62), Munich and Hong Kong (both 0.61), Singapore (0.54), and Milan (0.50).

UBS classified Paris (0.33), London (0.32), New York (0.28), San Francisco (-0.02), and São Paulo (-0.24) as low-risk markets.

In Zurich, real housing prices have risen by nearly 140% over the past 20 years, while rental rates have increased by approximately 40% and household incomes by 30%. The ratio of purchase price to rental cost has reached 46 years—the highest figure among all cities studied by UBS.

In Tokyo, inflation-adjusted housing prices are now about 50% higher than they were seven years ago. Over the past year, they have risen by another 6% or so.

UBS notes that, on average, real housing prices in all surveyed cities rose by only 0.5% over the past year; however, a significant gap has emerged between individual markets.

The bank emphasizes that a high index reading does not predict an inevitable crash. A correction could occur due to changes in interest rates, investor sentiment, or a significant increase in housing supply.

Source: Official UBS Global Real Estate Bubble Index 2026

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