Page 71 - UKRRptJul24

Terwin Corporation (EVA and Varus) intends to invest only about ₴10B to develop its existing business and construct a logistics hub in the next two years. In the next five years, the company's value should reach $1B; it will have onemn square meters of warehouses in the country, which will require a $700M investment. The key priorities for Metinvest's investments are salary increases, a $670M investment to improve equipment and workplaces, and support for Ukraine’s Armed Forces. Vodafone Ukraine has planned ₴10B in investments during 2024-2025. A significant percentage will go to introducing artificial intelligence, digitalization, and automation.
The largest Turkish construction company has invested $15M in Ukraine. EFE, part of the ONUR Group, is one of the largest companies in Ukraine that produces ready-mixed concrete, reinforced concrete products, metal structures, and paving stones. Since the onset of the war, it has invested $15M in development and continues to increase its production. In 2023, the company launched two plants that produce ready-mixed concrete in addition to the existing three. The available production capacity reaches 800 cubic meters per hour. The company also launched new production lines for paving stones and reinforced concrete products. According to EFE CEO Erhan Oztop, the company pays special attention to investments in automation, stating "Although we were able to increase the staff by 30% after February 24, 2022, the need for new employees remains. This motivates us to make large investments in the automation of production processes. We recently purchased a 3D machine for bending reinforcement products from the Italian company Schnell with a capacity of eight tons daily. This allows us to replace 25 people and produce high-quality metal structures in the shortest possible time."
Metallurgy and energy: key investments of Ukrainian business in the EU.
The total amount of Ukrainian investment in Poland has already reached more than €1B, while last year, more than 300 Ukrainian companies started
operating in Romania. In general, businesses from Ukraine have recently been working to develop in the markets of almost all EU countries. In particular, the Metinvest group plans to build a new plant to produce green steel using Ukrainian raw materials in Piombino (Italy) by 2027. It will become a pilot project for Metinvest's future investments in Ukraine during the post-war reconstruction period. Also, the Vesco group of companies have begun developing a clay quarry in Spain. The planned production capacity of the quarry is 100,000 tonnes of ceramic raw materials per year. In addition, research and production enterprise Energo-Plus has invested almost ₴40M in creating the TWERD Energo-Plus enterprise in Poland, which will manufacture high-voltage frequency converters for engines used in industrial and mining enterprises. Also, DTEK's subsidiary, DRI, plans to build 133 MW electricity storage systems in Poland by 2026.
6.0 Public Sector 6.1 Budget
The parliament explains how Ukraine could cover its budget deficit. Due to military expenses, a deficit has formed in the state’s budget. Ukraine spent 43% of the planned annual defense budget in just four months. According to
71 UKRAINE Country Report July 2024 www.intellinews.com