Business news from Ukraine

volume of CONSTRUCTION WORK IN UKRAINE GROWS BY 21% IN 2017

24 January , 2018  

The volume of construction work in Ukraine in 2017 increased by 20.9% compared to 2016, while the increase in 2016 from 2015 was 17.4%, according to the revised data.
According to the State Statistics Service, the data are given without taking into account the temporarily occupied territory of Crimea and Sevastopol and part of the ATO zone.
According to the agency, the volume of construction work in December 2017 increased by 9.7%, while compared with November 2017 it soared by 46.4%.
According to the report, in 2017 the growth in the volume of construction was observed in all spheres of construction. It grew by 20.2% for non-residential construction, while the figure in construction of residential buildings rose by 11.7%. The growth of 17.8% was recorded in construction of engineering facilities.
In 2017, construction work grew in 20 regions, as well as in Kyiv city, where it was 30.1%, to UAH 24.8 billion.
According to the State Statistics Service, the largest growth was seen in Kirovohrad region (by 53.4%, to UAH 1.4 billion), Zhytomyr region (38.9%, to UAH 1.5 billion) and Odesa region (38.4%, to UAH 10.4 billion).
The decline in construction work was seen in Luhansk region (27%, to UAH 600 million), Sumy region (4.1%, to UAH 1.23 billion) and Volyn region (1.6%, to UAH 1.5 billion). Construction works did not change in Chernivtsi region (UAH 1.15 billion).