Business news from Ukraine

Business news from Ukraine

Elon Musk presented modular house project from Tesla

Founder and CEO Elon Musk announced the launch of a new project from his company Tesla, Inc. — a modular house that will be manufactured and assembled using a model similar to that used in the production of electric cars. The company has published a video announcement demonstrating the assembly of modules, the installation of “smart” systems, integration with energy infrastructure, and the possibility of quick installation on site.

According to Musk, the Tesla modular home will have a number of key features, namely:

  • assembly from prefabricated blocks at the factory with minimal construction work on site;
  • integration with the Tesla Energy system — solar panels, Powerwall storage batteries, and a home smart control system;
  • high energy efficiency and low operating costs;
  • scalability — from compact options to multi-level configurations.

Musk noted that “the housing of the future must be built quickly, efficiently, and with minimal impact on the environment,” and that Tesla “can do for buildings what it has done for transportation.” According to him, the first prototypes will be assembled as early as 2026, and mass production is planned to start in 2027.

The company expects modular homes to be in demand both in the US market and abroad, especially in places with rising real estate prices and housing shortages. Musk emphasized that Tesla is considering partnerships with builders and developers around the world.

Elon Musk is one of the most famous entrepreneurs of our time. Born in 1971 in South Africa, he later moved to Canada and the US. He founded or was one of the key figures in companies such as PayPal, SpaceX, and Tesla. Musk has become a symbol of “21st-century technological entrepreneurship.”

Tesla, Inc. is an American company founded in 2003 that specializes in electric vehicles, renewable energy solutions, and stationary storage. On Musk’s initiative, the company scaled up production, launched Gigafactory, and became one of the leaders in the green tech sector.

The launch of the modular home project demonstrates the expansion of Tesla’s business format — from transportation and energy to residential construction — and may become a new growth vector in the field of “smart homes” and sustainable construction.

 

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European Investment Bank is considering financing EUR70 mln project to supply Mykolaiv with drinking water

The European Investment Bank is considering a EUR70 million project to supply Mykolaiv with drinking water.

“The sub-project aims to restore Mykolaiv’s access to drinking water after serious damage to its water supply infrastructure as a result of the destruction of the Kakhovka hydroelectric power plant by Russian troops in 2023. The implementation of the sub-project will bring significant environmental and social benefits, including improved water quality, reduced pollution, and increased energy efficiency,” the project description states.

In addition, temporary jobs will be created during the construction of infrastructure elements, the document notes.

According to information on the bank’s website, the beneficiaries of the financing are state bodies and companies. The project is part of the Ukraine Municipal Infrastructure Development Program, launched in 2015 with financing in the form of a EUR400 million framework loan.

As reported, in September 2024, the government reached preliminary agreements with the EIB to attract donor funds for the construction of a water intake from the Southern Bug River and a main water pipeline in Mykolaiv.

The EIB has been operating in Ukraine since 2007. Following Russia’s full-scale invasion in 2022, the Bank stepped up its financial support to help strengthen the country’s resilience and rebuild its infrastructure. Since then, the EIB has provided Ukraine with EUR 4 billion in financing.

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Ukraine to receive EUR 100 mln loan for eRecovery project

Ukraine will receive a EUR100 million loan from the Council of Europe Development Bank for the eRecovery project, said Oleksandr Kubrakov, Deputy Prime Minister for Reconstruction of Ukraine and Minister of Community Development, Territories and Infrastructure.

“Plus EUR 100 million in compensation for destroyed housing from the Council of Europe Development Bank. The relevant decision was made by the Bank’s Administrative Board, and negotiations are underway to sign a Framework Loan Agreement. This amount will be enough to receive more than 2,000 housing certificates for Ukrainians whose homes were destroyed as a result of Russian military aggression,” he wrote on Facebook.

As reported, the Administrative Board of the Council of Europe Development Bank (EBRD) approved the project “NOME. Compensation for Destroyed Property” at a meeting on March 25-26, under which it provided Ukraine with EUR 100 million.

The eRestoration program was launched in Ukraine on May 10, 2023, and owners of damaged housing began receiving compensation of up to UAH 200,000 for repairs. These funds can be used to purchase building materials, pay for construction work and services of contractors who have the appropriate codes to work and whose vendors have applied for participation in the program through the Diia portal. In December, payments for major repairs of damaged residential property were launched – up to a maximum of UAH 350 thousand for an apartment and UAH 500 thousand for a private house. Starting January 1, 2024, Ukrainians who have repaired their homes at their own expense will be eligible to receive compensation for damaged housing.

On August 1, 2023, Diia started accepting applications for compensation for housing destroyed by the war. Compensation will be paid to individual owners of housing that was destroyed due to hostilities after February 24, 2022, cannot be restored and is located in the unoccupied territory and not in the area of active hostilities.

On December 27, 2023, Diia started issuing housing certificates. Since the launch of the state compensation program, more than 11,000 applications have been submitted, and since January, 1637 Ukrainian families have already purchased new homes for a total of UAH 3.4 billion.

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Five schools will be opened in Ukraine as part of project of architectural transformation of Soviet educational institutions

Five pilot schools will be opened in Ukraine in 2024 within the framework of the project of architectural transformation of Soviet educational institutions, the Ministry of Education and Science reports.

“Next year it is planned to open five pilot schools that have been selected for the project of architectural transformation of Soviet educational institutions. These are schools in Kyiv, Kharkiv, Krivoy Rog and Zaporizhzhya, damaged by the war. They will be working already from the fall of 2024. There will not only make a new repair, but will completely rethink the typical Soviet school spaces”, – stated in the message of the press service of the Ministry.

It is noted that new design solutions in schools will allow to effectively implement the principles of the “New Ukrainian School”, in particular, qualitatively realize the activity approach in teaching, conduct experiments, flexibly adapt classes to different learning needs.

“Also, we must do everything to make schools truly safe and inclusive. And this is more relevant than ever in times of war,” the department emphasized.

According to the report, the changes in educational institutions were led and implemented by the Ministry of Education and Science, the Ministry of Digital Transformation and Ukrainian urban bureau Big City Lab, concepts were created with the participation of European architects Rebuild the Wonderful, and the creation of the concept of transformation of five pilot schools is funded by the Mariupol Reborn public organization.

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ADONIS Medical Group has become member of ONOVA project to restore Ukraine

ADONIS Medical Group has become a member of the ONOVA Ukraine Recovery Project.
According to the medical group, the joint project of ONOVA and the ADONIS Medical Group provides, in particular, for the restoration of the ADONIS maternity hospital in Buzova (Kyiv region), which was seriously damaged by an aggressor missile on February 28, 2022.


The Adonis network has eight branches in Kyiv and the region, providing services in more than 65 medical areas. During the war, the branches with surgical units continue to help patients by providing quality medical care to military and civilians.
The ONOVA League of Renewal of Ukraine is a platform for uniting and interacting with representatives of various fields of activity to restore and renew Ukraine.

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Concorde Capital Investment Company is developing concept of development project on territory of plant

Investment company Concorde Capital, which acquired the plant “Kuznya na Rybalskogo” at the end of 2022, is developing the concept of a new development project on the territory of the plant, said the head of Concorde Capital Igor Mazepa in a commentary to the publication “Economic Pravda”.

According to Mazepa, the concept is being developed jointly with foreign architectural agencies. The businessman expects to start construction after the completion of legal proceedings around the bankruptcy of “Kuzna na Rybalskogo”.

He also indicated that Concorde Capital is considering participation in joint investment in the project.

“Our initial plan was to attract an investor to resell the project. Now the situation has changed, so we do not rule out participation in joint investment,” Mazepa said.

He did not disclose the amount of the deal to acquire the plant “Kuznya na Rybalskogo”, previously owned by Sergei Tihipko, but indicated that the deal included assets encumbered by debts of the owner company Ewins Limited.

As reported, in the fall of 2018, co-owner of the TAS Group, businessman Sergei Tihipko acquired from Petro Poroshenko, at that time the President of Ukraine, PJSC “Plant “Kuznya na Rybalskoe” (formerly – PJSC “Leninskaya Kuznya”) – one of the well-known in the market of shipbuilding enterprises of Ukraine.

Until mid-November 2018, the main shareholder of PJSC “ZNKIF “Prime Assets Capital” (formerly – “Petro Poroshenko Fund”, Kiev) was the main shareholder with a 73.9067% stake in the shipyard privatized in 1995, the second largest shareholder with a 20.1280% stake was PJSC “ZNKIF “VIK”, which concentrated the assets of MP Igor Kononenko.

In December 2022, the Economic Court of Kyiv opened a bankruptcy case against PJSC “Plant “Kuznya na Rybalskogo” (Kyiv).

As reported, the TAS group planned to realize on the unused territory of the plant the Lipki Island City Resort project in partnership with the developer City One Development.

According to the National Commission on Securities and Stock Market, as of the second quarter of 2023, the main shareholder of Zavod Kuznya na Rybalskoe is Ewins Limited (94.0347%).

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