What drove construction growth in Ukraine in 2024? In 2023-2024, the Ukrainian construction market showed positive dynamics owing to increased economic activity in the central and western regions, as well as the restoration of infrastructure damaged i... #BusinessRelocation #CommercialRealEstate #ConstructionUkraine #RealEstateUkraine #UkraineEconomy #UkraineRecovery
During the three years of the war, the combined workforce of the 50 largest Ukrainian IT companies has declined by 20,000 specialists due to relocation abroad. IT companies N-IX and Grid Dynamics Group saw a decrease of 50% in their workforces, while EPAM’s workforce was reduced by 31%. The largest exodus of IT specialists from Ukraine occurred in the ... #BusinessRelocation #EPAM #GridDynamicsGroup #N-IX #Poland #UkrainianITcompany
Most Ukrainian defense industry manufacturers are considering moving their operations abroad. Why? As of February, 85% of private manufacturers of weapons and military equipment (WME) are planning to relocate or have already done so, according to 34 private companies in the defense sector. The top ... #BusinessRelocation #DefenseIndustryUkraine #UkrainianWeapons #WeaponsProduction
In the Lviv region, a new $30M Philip Morris factory has achieved its planned annual capacity. At the start of the year, Philip Morris in Ukraine brought its new factory in the Lviv region, which was launched in May 2024, up to its planned operating capacity. The facility features five producti... #BusinessRelocation #investments #LvivRegion #PhilipMorris #PhilipMorrisUkraine #TobaccoUkraine #UkraineEconomy
The government will create mechanisms to stimulate housing construction in Ukraine. Prime Minister Denys Shmyhal has tasked relevant state structures with developing effective methods to promote housing construction in light of the destruction and damage to 10% of Ukraine’s hou... #BusinessRelocation #DenysShmyhal #eOselya #HousingConstruction #Lamella #RealEstateUkraine
How have relocated Ukrainian businesses affected their new regions financially? Since the beginning of the full-scale war in Ukraine, an enterprise relocation program has existed. For the regions where these companies have moved, this means additional jobs and tax revenue. Accord... #BusinessRelocation #kyiv #TaxesUkraine #UkraineEconomy #Zakarpattia #Львів
A relocated metal packaging manufacturer will soon open a plant in the Ternopil region. Andrii Nemtsev, co-founder of the Favor company, relocated his operation from Sumy Oblast to Ternopil Oblast, and the construction of a new tin packaging factory in Ternopil Oblast, which began in May... #BusinessRelocation #Favor #investments #MetalPackaging #Ternopil #ukrainianbusiness
An international tobacco products producer plans to restore its 28.5% share of the Ukrainian market in one to two years. Philip Morris International (PMI) lost about half of its 28.5% Ukrainian market share after the war began , which led to the closing of its factory near Kharkiv. So far, the company has restored about... #BusinessRelocation #investments #Kharkiv #PhilipMorrisUkraine #TobaccoMarketUkraine
Transcarpathia is turning into an economic hub; what makes the region attractive for businesses? As of July, more than 80,000 entrepreneurs worked in Zakarpattia Oblast. During the war, the number of entrepreneurs has increased by more than 6,000, which indicates favorable conditions for economic... #BusinessDevelopment #BusinessRelocation #SupportBusiness #Transcarpathia #UkraineEconomy #ukrainianbusiness
A group of high-tech energy companies have suspended their investment in a new plant in Ukraine and plans to transfer production to Czechia: Why? At the beginning of this year, the EDS Ukraine group, under the leadership of Oleksandr Zapyshny, planned large-scale investments in the production of transformers and chargers for high-power electric... #BusinessRelocation #CzechRepublic #EDSUkraine #ElectricCars #investments #OleksandrZapyshny #Technology
Businesses are being offered grants for innovative production and to move their operations to safer regions. EIT Manufacturing Accelerate is a program that helps scale and accelerate the transformation of industrial start-ups into influential players in the European manufacturing ecosystem. The program suppo... #BusinessInnovation #BusinessRelocation #ebrd #EITmanufacturingAccelerate #EU4Business #GrantsForBusiness #SupportBusiness
Tobacco company Philip Morris International has opened a new $30M factory in the Lviv region. The first production line at the new factory was launched in May, and four more will be put into operation by the end of the year, which will increase the factory’s production capacity to 10 billion c... #BusinessDevelopment #BusinessRelocation #investments #PhilipMorris #PhilipMorrisUkraine #TobaccoMarketUkraine #Львів
How have Ukrainian businesses migrated during the war? Since the beginning of the full-scale war, Ukrainian companies have changed their place of registration 18,944 times. It is noted that companies in wholesale trade move most often – 39.4% of the... #BusinessduringWar #businessinukraine #BusinessRelocation #UkrainianEnterprises
A relocated enterprise that produces construction materials has built a new factory in the Ivano-Frankivsk region. As reported by the Kalush city council, the Aquaizol company relocated to Kalush from Kharkiv in the first weeks following the Russian Federation’s full-scale invasion into Ukraine. 70 wagons of produ... #Aquaizol #BusinessRelocation #ConstructionMaterialsUkraine #UkrainianEnterprises
A Ukrainian industrial waste processing company invested more than $300,000 to relocate its factory. Strategic by-product and waste management company Recycling Solutions has relocated its microsphere processing factory to Burshtyn, Ivano-Frankivsk region, from Druzhkivka, in the Donetsk region. The ... #BusinessRelocation #investments #Microsphere #RecyclingSolutions #WasteProcessingPlant
A relocated company is launching a wind farm in Transcarpathia. As Olha Poshtak, the top manager of the Friendly Wind Technology company reported: “The installation of the first wind turbine of the Ostrovsky wind farm, located in the Nizhnyovoritsk community... #BusinessRelocation #FriendlyWindTechnology #RenewableEnergy #WindEnergyUkraine
Due to Russian aggression, almost 8,000 businesses have moved to other regions of Ukraine. Since the beginning of the full-scale war, 7,820 Ukrainian companies have changed their region of registration. It is reported that 27% of the total remaining enterprises are from Kyiv, with the Dnipr... #BusinessRelocation #UkrainianEnterprises #бізнесвУкраїні
Over 800 companies had to move to other regions of the country because of the war. Since the beginning of the war, 840 enterprises have moved to safer regions in Ukraine under the relocation program, of which 667 are already working in their new location. The largest part of these b... #BusinessRelocation #UkrainianEnterprises #бізнесвУкраїні
Despite the war, the economy is growing in three regions of Ukraine. As reported by the Center for Economic Recovery (CER), the eastern regions suffered the most from the Russian invasion (gross product dropped by 30-40%), and the central and western regions suffered l... #BusinessRelocation #UkraineEconomy #UkrainianEnterprises
A Kherson agricultural company plans to move to Odesa and build a new factory to replace its occupied facilities. The Chumak company plans to build a plant to produce tomato paste in the Odesa region. The company considers this region to be the most favorable in terms of climatic conditions. The relocation of Chu... #agroUkraine #BusinessRelocation #Chumak
A large logistics complex has been launched in Rivne, which will help relocated businesses. This is the first B+ class logistics complex in the region, which began to be built in July last year. The total warehouse area is more than 2,500 square meters, and there are 500 square meters of off... #BusinessRelocation #FortRivne #IndustrialPark #LogisticsComplex #OleksandrOverchuk
Norway will financially support relocated Ukrainian enterprises. The Ministry of Economy of Ukraine signed a Memorandum of Understanding with the Norwegian Refugee Council (NRC) on providing financial assistance to relocated enterprises. The document will make it p... #BusinessRelocation #NorwaySupportUkraine #SupportBusiness
A new turbine plant has begun construction in western Ukraine. The relocated enterprise from Kramatorsk, which specializes in the manufacture of turbines and energy generation equipment, started erecting a new production facility, which will become part of a futu... #BusinessRelocation #TurbinePlant #ViktorMykyta
Over 1,000 enterprises are moving to the west of Ukraine. Currently, 661 companies have been relocated to safe regions in the west of Ukraine, and another 475 are looking for a location or a method of transportation, announced Deputy Minister of Economy Tety... #BusinessduringWar #BusinessRelocation
Ukraine’s business relocation trends during the war. Most businesses moved within Ukraine to the central or western regions, 11% of surveyed enterprises relocated abroad, and 17% said that they moved both within Ukraine and abroad, reported a Gradus sur... #BusinessduringWar #BusinessRelocation #ukrainianbusiness
Almost 120 enterprises will move their production to Transcarpathia. Nearly 120 companies have decided to move their production to Transcarpathia from areas where active hostilities are occurring, said the head of the Transcarpathian Region, Viktor Mykita. Transcarpath... #BusinessRelocation #Transcarpathia
The government of Ukraine has launched a program to relocate production facilities to Western Ukraine . Enterprises located in the zone of active military operations can receive state assistance to relocate their facilities to western Ukraine, announced the Ministry of Economy. Furthermore, it is note... #BusinessRelocation #UkraineBusiness
