The Ukrainian agricultural holding Prometey will close three of its 28 grain silos and reduce its headcount due to financial difficulties caused by the war and adverse weather, the company said in a statement on Monday.
"In the third year, the war also got to the Prometey group of companies," Head of Business Development Department Elena Zinovieva said. "The problems started with the beginning of the full-scale invasion. We lost seven elevators, 2,000 hectares of land were under occupation."
Prometey, which managed to keep jobs for 1,200 workers during the war, cultivates over 20,000 hectares of land, mainly in the south of Ukraine. The company said it had high hopes for a good harvest this year, but it was not without setbacks as the summer of 2024 in Ukraine was the hottest in the last 100 years.
"Despite the difficult conditions, Prometey Agroholding continues to fight for its survival. However, if the situation does not change soon, the company will have to make radical decisions to save its business," it said.
