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with the established grain corridor protocol. According To the Minister of Infrastructure, Oleksandr Kubrakov, all Odesa ports are currently engaged in exporting agricultural products. Within two weeks, Ukraine plans to reach a transshipment volume of three to five vessels per day, the minister added.
First Africa-bound cargo ship arrived in Ukraine on August 12. The cargo ship Brave Commander docked in Ukraine’s Pivdennyi Sea Port on Aug. 12, Infrastructure Minister Oleksandr Kubrakov announced on Twitter. The ship will carry Ukrainian grain to Ethiopia through the UN and Turkey brokered grain corridor in the Black Sea. The Pivdennyi Port, Ukraine’s largest and most profitable port, resumed operations this week.
● Cars
Money from the Road Fund will again be spent on the roads.The Cabinet of Ministers proposed to the Parliament to exclude the Road Fund from the 2022 state budget law obligating the fund to fulfil debt obligations and provide for the needs of the defence sector. The primary source of revenue for the road fund is fuel sale excise taxes (which are planned to resume) and taxes and fees received from imported vehicles. The government explained that due to the war in Ukraine, 24,800 km of highways have been damaged and 311 artificial structures destroyed, 65 of which require urgent reconstruction. This requires money, but currently, the law makes it practically impossible to use the state Road Fund for its intended purpose. Therefore, the government proposes to resume road work funding from the state budget.
9.1.4 Construction & Real estate sector news
Apartments in new buildings in Ukraine have lost 10% of their value. For the eight months of the current year, the average cost of housing in the primary real estate market has decreased by 10% in dollar terms and is now $669 per square metre, dom.ria reported. In hryvnia equivalent, prices increased by 28% to UAH 27,300 In Kyiv at the end of August, the average price per square metre was UAH 41,800. The portal data show that 81% of new buildings increased their price in the national currency during the summer, and 16% of new buildings did not change their value at all. Construction in 42% of new buildings continues or resumed, and more than 35% adjusted the terms for putting their buildings into operation. 8% of construction projects declared a complete halt for the duration of martial law and 2% have focused on restoration work.
Rental housing interest in the south of Ukraine decreased by 80-100%.
Interest in renting housing in the southern regions of Ukraine in August decreased by 80-100% compared to the fall of 2021, the LUN.ua real estate portal reported. Internally displaced people are highly interested in renting apartments in areas far from hostilities. Records are being set by the Zakarpattia region +455%, the Poltava region +364%, and the Ternopil region +334% compared to prices in 2021. The south has lost its tourist season, Odesa shows an 80% decline in interest in renting, and the Mykolayiv region showed a 91% drop in rent requests. The regions bordering the Russian Federation and Belarus also show a sharp drop in demand for rental housing:
72 UKRAINE Country Report September 2022 www.intellinews.com