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commercial real estate objects with an area of more than 1 million sq. meters were destroyed. However, six new shopping centers will be opened in 2022, all of which are small and located in the west of the country.
The limited volume of gross absorption led to an increase in the level of vacant space by 3.5 percentage points (p.p.), to 21.2% over the third quarter of 2022 compared to the previous quarter, the press service of CBRE Ukraine told Interfax-Ukraine. At the same time, as follows from a review of office real estate by CBRE Ukraine, in July-September the trend of the two previous quarters of limited rental activity continued. In the third quarter, this figure was only 12,000 square meters, which is 80% less than at the beginning of the year. Most of the transactions involved the extension or renegotiation of contracts and the reduction of existing office space.
9.1.6 Agriculture sector news
Ukrainian farmers will receive UAH 917M in support from the EU. At the beginning of September, the Ministry of Agrarian Policy announced a program to support producers of two types of agricultural products: cultivators of farmland and dairy farmers. 13,960 Ukrainian farmers have already become participants in the program, the ministry noted. Applicants will be paid a total of UAH 917M ($25M). In particular, 10,592 those receiving a farm subsidy per unit of cultivated agricultural land will receive UAH 769M for a total area of 248,000 hectares. In addition, another UAH 148M will be distributed among 3,368 participants to maintain 27,864 cows. It is noted that more than 15,000 applications are still being processed. The program is financed by EU budget support amounting to UAH 1.5B ($41M).
The Cabinet of Ministers has increased assistance to farmers by UAH 100M. The government increased support for farmers and other agricultural producers by UAH 100M and extended the deadline for submitting applications for state aid. Since the beginning of the program's implementation on September 1, 13,960 applications have been approved for payment in the State Agrarian Register by the Ministry of Agrarian Policy. This has made it possible to distribute almost UAH 1B within one month. "The number of willing program participants is constantly growing and currently amounts to more than 33,000 potential state support recipients. Therefore, the adopted decision will allow more agricultural producers to receive funds," the ministry added.
The Kharkiv region has harvested crops from 80% of its agricultural fields. This year, 1.5 million tons of grain and leguminous crops were harvested in the Kharkiv region, said the head of the Kharkiv administration, Oleg Sinegubov. Despite hostilities and enemy shelling, the farmers of the Kharkiv region continue to cultivate the land and harvest crops. This agricultural season, 1.5 million tons of grain and leguminous crops were harvested in the region covering 80% of the pre-war area, the head of the Kharkiv region emphasized. As of November 17, Ukrainian farmers have completed harvesting of grain and leguminous crops in 81% of the area and threshed 39.1 million tons of grain.
The FAO reduces the world grain harvest forecast by 4.9mn tons. In
56 UKRAINE Country Report December 2022 www.intellinews.com