DragonCapital

Tuesday, May 20

Due to the war, Dragon Capital’s real estate portfolio was reduced by 200,000 square meters, with losses amounting to nearly $65M. The largest investment company in Ukraine currently holds approximately 600,000 square meters in its real estate portfolio, down from its peak of 800,000 square meters, said Tomasz Fiala, the founder ...

Wednesday, May 14

Dragon Capital has updated its macroeconomic forecast to reflect a potential peace agreement. Ukraine’s real GDP growth in 2025 could accelerate to 3.5-5.5% if Ukraine and Russia reach an agreement on a long-term ceasefire. If the war continues, Ukraine’s economic growth will slow ...

Thursday, March 27

Dragon Capital plans to invest $100M in Ukraine in 2025, citing improved macroeconomic predictability. Investment company Dragon Capital, which invested about $700M in Ukraine between 2015 and 2021, in addition to reinvestment of several hundred million dollars more, plans to invest $100M in 2025, said...

Tuesday, November 26

Dragon Capital and Epicentr are installing solar panels on the roofs of their Ukrainian facilities. By April 2025, the investment company Dragon Capital will install solar panels with a capacity of 1.2 MW on the roof of the company’s warehouse in Tarasivka, said top manager Volodymyr Tymochko....

Friday, October 25

Ukrainian dollar bonds are rising in price; funds believe that Trump’s victory will contribute to a faster end to Russia’s war in Ukraine. Ukrainian bonds are reported to have risen almost 6% in October, becoming one of the best performing assets on the market, with their value approaching $.50-1. Warrants linked to Ukraine’s econo...

Wednesday, June 5

Depression of Ukrainian manufacturers: Investment companies note the country’s shortage of investment projects. Ukrainian manufacturers do not want to attract investments because they focus on debt and cash flow, said Managing Director of Dragon Capital Mykhailo Granchak at the Grain Ukraine 2024 conference. Ac...

Wednesday, May 29

A Ukrainian investment company revises its economic forecast for Ukraine. Investment group Dragon Capital has improved its inflation forecast in 2024 from 8% to 7.6%. At the same time, the previous estimate of a 4% increase in GDP in 2024 has been maintained thanks to the r...

Wednesday, May 15

A company from Kherson bought Dragon Capital’s largest warehouse for over $35M. Dragon Capital sold its Amtel warehouse complex in the Kyiv region. The buyer was Histion from Kherson, whose founders are entrepreneurs Oleg Lebedenko and Gennadiy Girin, who own the New Style door f...

Tuesday, April 2

Ukraine’s accession to the EU will trigger an influx of foreign investment and changes in the financial sector. The country’s accession to the EU entails a sharp increase in private foreign direct investment, said Tomas Fiala, CEO of Dragon Capital. “If you look at private investments in Poland, dur...

Tuesday, February 27

Dragon Capital launched the first stage of an industrial park in the Lviv region – the World Bank has insured the investment. Investment company Dragon Capital put into operation the first phase of the M10 Lviv Industrial Park – a class A warehouse complex with an area of 14,400 square meters. The industrial park is lo...

Friday, February 16

Investment company Dragon Capital has updated its forecast for Ukraine’s economy. The growth of Ukraine’s GDP in 2024 will slow to approximately 4% from almost 6% in 2023, with an increase in inflation to 8% from 5.1% last year. At the end of the year, the exchange rate will ...

Tuesday, February 13

Hungarian OTP Bank is considering the privatization of the Sense Bank. Hungarian group OTP Bank Plc. is interested in buying Sense Bank, which the state nationalized in the summer of 2023. EP sources confirmed that foreign banking groups are interested in privatizing two...

Tuesday, January 23

Dragon Capital continues its investment in Ukrainian commercial real estate this year. Dragon Capital Property Management invested about $10M in its real estate portfolio in 2023 and plans to do the same in 2024, the company’s top manager, Nataliya Kravets, said. In the fall of 20...

Wednesday, January 10

Foreigners are interested in investing in the Ukrainian mining industry. 2023 saw increased interest in subsoil use and extraction on the part of companies and business people who had not previously engaged in such activities or considered this type of activity to diversif...

Tuesday, December 12

The Fitch agency is convinced that international financial support for Ukraine will not weaken in 2024. International agency Fitch Ratings expects that international aid to Ukraine for 2024 will be only slightly lower than the amount forecasted for 2023, $43B, despite the political risks associated with...

Monday, December 11

Investment companies raise their 2024 economic forecasts for Ukraine. Based on 2023’s results, the ICU investment company predicts GDP growth between 5.8% and 5% in the coming year. It is also assumed that at the end of 2023 inflation will be 6.2%. Inflation is expected...

Friday, November 10

Dragon Capital strengthens its influence on a Ukrainian market. Tomas Fiala and Oleksandr Svishchov are close to acquiring the T.S.B. Firm’s permits allowing the extraction and sale of mineral waters in the Lviv region. T.S.B. has three valid special permits to pr...

Thursday, October 26

Dragon Capital has revised its macroeconomic forecast for 2024 and now expects Ukraine’s GDP to grow by no more than 5% instead of 8%. The reason for this reevaluation is the longer duration of the hot war with Russia than previously expected, explained the founder and CEO of the company, Tomas Fiala. Dragon Capital’s previous ...

Wednesday, August 16

Dragon Capital is considering buying the nationalized Sense Bank. According to the CEO of Dragon Capital, Tomas Fiala, the company is studying the possibility of acquiring the bank if Ukrainian authorities decide to sell it. Bloomberg notes that after the nationaliz...

Tuesday, June 13

MIGA offers Dragon Capital a $10M guarantee for investments in the Lviv Industrial Park. UCPIH Ltd, part of the Dragon Capital group of companies, received an offer for a guarantee of $10M for ten years from the World Bank’s Investment Guarantee Agency (MIGA) for investments in Lviv...

Wednesday, November 23

Dragon Capital worsened Ukraine’s GDP forecast. Dragon Capital lowered its forecast for the Ukrainian economy, predicting a 32% y/y decline at the end of 2022 and expects the economy to fall 5% y/y next year, reported the company’s press ser...

Tuesday, July 12

Dragon Capital has rebuilt the first war-damaged warehouse. One of the buildings at the West Gate Logistic complex in the Kyiv region has been restored after it was destroyed during military operations, stated Dragon Capital. The surviving building, with an ar...

Thursday, December 9

The European Bank for Reconstruction and Development (EBRD) will invest $50 mln to develop industrial and logistics real estate in Ukraine. The EBRD will finance Dragon Capital Investments Ltd in its development and management of industrial and logistics real estate. The decision to allocate funding to the EBRD Board of Directors will be ...

Thursday, November 25

The “Minfin” and Dragon Capital launched a mobile investment application Multi Invest. Using the application will make it possible to invest in shares of foreign companies, exchange-traded funds (ETF), cryptocurrency, and domestic government bonds. “The idea of Multi Invest is to make i...

Friday, November 12

Dragon Capital plans to complete the construction of a dry warehouse complex. The first stage of M10 Lviv Industrial Park in Lviv will be completed in the third quarter of 2022, reported the company’s press office The total area of the warehouse complex on a 2.7-hectare s...

Thursday, October 7

The investment firm, Dragon Capital, has entered the banking sector. They will develop Unex-Bank as a separate business, as an independent universal bank, which will service both retail clients, and those in the corporate sector, namely SMEs, said the founder of Dragon...

Wednesday, September 29

Dragon Capital Acquires VIKING Business Center In Lviv. The A-class business center is located in downtown Lviv, at the intersection of Zelena and Pymonenko in the Sykhiv district. The total area of 18,766 square meters and parking for 102 vehicles. “This ...

Thursday, September 9

Dragon Capital downgrades Ukraine’s GDP growth forecast for 2021 from 4.6% to 3.5%. Dragon Capital’s CEO, Tomas Fiala, says this is due to unexpectedly worse than expected preliminary GDP data for the second quarter of this year. Surprisingly, wholesale trade fell to 5.7% in the firs...

Dragon Capital on the main risks and concerns. Fiala named Russia as risk number one to the Ukrainian economy. The second, a possible deterioration in the commodity and financial markets. Third, a rollback in the reforms. He recalled that since 20...

Wednesday, April 14

Dragon Capital has predicted an interest rate hike to 7.5% tomorrow and another increase to 8% at the Central Bank’s Monetary Policy Board’s June 17 meeting. In a note to clients, Dragon predicts that inflation will peak in June at 9.8% and will end the year at 7.5%....

Monday, April 5

The government’s ‘Big Construction’ program will invest in infrastructure for four industrial parks this year, Oleksiy Chernyshov, Minister for Community and Territorial Development, says according the government website. The announcement came at a meeting with Dragon Capital, which is building two industrial ...

Friday, April 2

To promote ‘green’ energy efficient commercial real estate, the EBRD is lending Dragon Capital $12.5 million for construction on Grand Business Center and two warehouses, one in Brovary and one in Kharkiv. Last July, Grand Business Center became Kyiv’s first office building to receive a sustainability certificate under the Building Research Establishment Environmental ...

Tuesday, February 9

Public works construction pulled the sector ahead last year for an overall increase of 4%, to $7.1 billion Public works construction pulled the sector ahead last year for an overall increase of 4%, to $7.1 billion, the State Statistics Service reports. Road construction was up 142% in nominal terms, making...

Starting March 1, the State Mortgage Institution will start to offer home mortgages at 7% Starting March 1, the State Mortgage Institution will start to offer home mortgages at 7%, Prime Minister Shmyhal announced last week. For reference, Ukraine’s prime rate has been 6% since June 2020....

Ukrgazbank, a state-owned bank, reports that since July it has made $16 million worth of low interest mortgages to 548 people. Ukrgazbank, a state-owned bank, reports that since July it has made $16 million worth of low interest mortgages to 548 people. Half of the mortgages are for under 10%. For dachas, or secondary homes, ...

Despite tight border controls imposed during last spring’s coronavirus lockdown, remittances from Ukrainians working outside the country increased by 2% last year, to $12.1 billion, Despite tight border controls imposed during last spring’s coronavirus lockdown, remittances from Ukrainians working outside the country increased by 2% last year, to $12.1 billion, according to data ...

Worker migration remains strong to Poland, a country that suffered one of the EU’s smallest GDP drops in 2020 — an estimated 2.7%. Worker migration remains strong to Poland, a country that suffered one of the EU’s smallest GDP drops in 2020 — an estimated 2.7%. During 2020, the number of foreigners officially working in Pol...

Ukraine’s economy will rebound sharply to 10% growth yoy in the second quarter of 2021, breaking five successive quarters of decline Ukraine’s economy will rebound sharply to 10% growth yoy in the second quarter of 2021, breaking five successive quarters of decline, according to a Reuters poll of 12 Ukrainian analysts. The median f...

Ukraine aims to vaccinate against Covid-19 the most vulnerable half of its population over the next year, Ukraine aims to vaccinate against Covid-19 the most vulnerable half of its population over the next year, President Zelenskiy told a forum in Kyiv yesterday, “Ukraine 30. Coronavirus: Challenges and R...

The European Investment Bank is loaning €50 million to Ukraine to help pay for vaccines, refrigeration equipment and logistics The European Investment Bank is loaning €50 million to Ukraine to help pay for vaccines, refrigeration equipment and logistics, Ihor Ivaschenko, Deputy Health Minister, told reporters at the forum. Ze...

People who are vaccinated or who have recovered from Covid will be exempt from quarantine restrictions, People who are vaccinated or who have recovered from Covid will be exempt from quarantine restrictions, Zelenskiy said, without elaborating. “Lack of faith in vaccination, refusal to vaccinate by a si...

China-Europe freight trains were up 66% yoy in January, to 1,165 China-Europe freight trains were up 66% yoy in January, to 1,165, reported China State Railway Corporation. The number of containers grew 75%, to 109,000 for the month. At this pace, one 94-container ...

A second private company has won permission to run freight trains on the tracks of Ukrzaliznytsia, the state railroad A second private company has won permission to run freight trains on the tracks of Ukrzaliznytsia, the state railroad. Promvagontrans LLC was won permission to run freight trains on four routes in cen...

Riding the e-commerce boom, Nova Poshta has launched a €14 million sorting center in Kyiv Riding the e-commerce boom, Nova Poshta has launched a €14 million sorting center in Kyiv that can sort up to 50,000 packages an hour. Captured in a video, the sorting center is a maze of belts, chute...

Postal operators – Nova Poshta, Ukrposhta and Meest Express – account for almost half of the 364,000 square meters of warehouse and logistics space to be commissioned this year Postal operators – Nova Poshta, Ukrposhta and Meest Express – account for almost half of the 364,000 square meters of warehouse and logistics space to be commissioned this year, according to a study b...

With the warehouse market tightening, Dragon Capital Group sold Omega-2, a 32,731 square meter logistics complex in Brovary’s industrial zone With the warehouse market tightening, Dragon Capital Group sold Omega-2, a 32,731 square meter logistics complex in Brovary’s industrial zone, facing the city’s bypass road. “This is our first closing...

Dragon plans to return this year to its pre-pandemic levels of investment Dragon plans to return this year to its pre-pandemic levels of investment, Dragon Capital CEO, said last week at the Global Outlook meeting hosted by the European Business Association. “In the first h...

Monday, January 4

Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal Pumped from the Tristar Ruby, a US cargo of LNG from Cove Point, Maryland inaugurated last weekend Croatia’s first liquefied natural gas landing terminal at Krk, an island in the northern Adriatic. PO...

Separately, Azeri gas has started moving through the new Separately, Azeri gas has started moving through the new Trans Adriatic Pipeline, Interfax-Azerbaijan reports from Baku, citing Azerbaijan’s Energy Ministry. This 878 km pipeline picks up Azeri gas fr...

Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding Tomasz Fiala, CEO of Dragon Capital, and Ivan Svitek, former Chairman of Alfa Bank Ukraine, have signed an agreement to buy Unex Bank from Vadim Novinsky’s Smart Holding. “The Antimonopoly Commi...