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Construction Ukraine |
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Construction Ukrtaine belongs to
AVdov™ -
an International Web Publishing Company. Prime interest of
AVdov™ is the fast economical grows of the new democratic Ukraine - the second biggest country of the Eastern Europe. |
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We want to make it possible for you to judge how hot the Ukrainian construction market is. The news are translated from Russian and Ukrainian language sources. Both news and archive are powered with the local Search. Please use local search to find information about event, company, project or product. |
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Ukraine |
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Ukraine is an independent democratic country with market economy. On March 6th 2006 the U.S. House and Senate have repealed 32-year-old trade restrictions against Ukraine and extended permanent normal trade relations to the Eastern European Country of 47 million people. Ukraine had been sanctioned by the Jackson-Vanik amendment to the Trade Act of 1974. http://www.senate.gov/ The leaders of the European Union and Ukraine met in Kiev on December 1st 2005 for the EU-Ukraine Summit. On trade and economic relations, leaders welcomed the European Commission's assessment that Ukraine has met the technical criteria for the granting of Market Economy Status (MES) for trade defence, and welcomed EU Member States' support for the granting of MES to Ukraine on that basis. http://www.europa.eu |
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Construction Market |
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Construction market shows the strongest growth. For the first half of 2007, total construction in Ukraine was reported at 19.7 billion UAH, up 14.4% relative to the same period a year ago www.ukrstat.gov.ua . 6.2 billion of them in the Ukrainian capital Kiev. The new mortgage law (passed December 2005) gave to the Ukrainian banks base to provide mortgage placement service at the reasonable rates. This created the highest demand on residential building. Residential building (mostly apartment buildings) is accompanied with strong growth of nonresidential market. Healthcare facilities, educational building and other institutional construction are mandatory for the new district’s development. Store construction is leading by national retail giants like XXI Century (XXIC) and international like Metro Group. Both multifamily and single family housing construction recently started in massive scale in the suburbs of the big Ukrainian cities like Kiev. Strong interest to housing was triggered by changes in land related policies. Only in Kiev suburbs seven locations (100 hectares in total) were provided for villages' construction. It is expected that 2.1M sq.ft. of single family houses, townhouses and cottages will be built there. Low interest credits provided by European banks like Deutsche Banc or London Citibank allow finance heavy highway and bridges projects. Most of the big Ukrainian construction companies, like Kievgorstroy, T.M.M., UKOinvestbud, Poznyakijilstroy ended 2006 with high net profit. Companies in aggregates and construction materials showed the same strong performance. In January - May2007, the Ukrainian branches of Dyckerhoff Zement reported production of 982 thousand ton of cement, 48,23% up compare to the same period a year ago. There are a lot of plans for the future. For example City of Kiev is planning renovation of the industrial areas that were developed in the first half of the last century on historical suburbs of the City. Today locations of these areas are perfect for commercial building, offices, hotels and luxury residential buildings. This project is attracting attention of many international investors. At the first stage it is necessary to relocate existing facilities to the new industrial parks out of the City. The depressed for a long time manufacturing building is going to be on demand as the project starts. |
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Equipment Market |
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Construction equipment is on demand. The main consumers of the construction equipment are big construction companies, road building companies, producers of aggregates and construction materials, municipalities. As a rule baying decision makers are companies headquarters. For example Kievgorstroy purchased construction equipment (cranes, concrete pumps etc.) for 33M UAH in 2005. Eurocement
Group - Ukraine spent 55.9M UAH for new equipment for its Balcem and Pushka plants in 2006 and
will spend 87.5M UAH in 2007. |
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EURO 2012 Football Tournament |
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The UEFA executive council on Wednesday
(April 18, 2007) awarded hosting rights to Poland and Ukraine for the Euro 2012 football (soccer) tournament, rejecting an Italian bid, and a joint offer from Croatia and Hungary. |
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started December 29, 2006 |
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