In 2023, Ukrainians bought 404,000 real estate properties, which is 70% more than a year earlier. However, this is still significantly less than before the full-scale war (631,000). Until 2021, when the government opened the land market, there were significantly more deals for purchasing housing than land, but this year, the number of deals almost … Read more
Ukraine’s High Anti-Corruption Court upheld the claim of the Justice Ministry to confiscate the assets of Russian-Greek oligarch Ivan Savvidi (Savvidis) and his wife Kiriyaki, the Anti-Corruption Action Center (ANTAC) NGO, which supported the lawsuit, reported on Feb. 8. The decision was made by a panel of three judges. In the summer of 2023, the … Read more
Analysts estimate the negative impact on housing demand due to the war at $20B. In the coming years, prices for apartments in Ukraine will continue to rise – both in the primary and secondary real estate markets. UTG analysts predict this as a result of increased construction costs and high demand. So, looking at construction … Read more
In the coming years, 50 new shopping and entertainment centers may appear in Kyiv. To the existing shopping centers with 2.5 million square meters, in 2024-2025 developers plan to construct facilities with a total leased area of more than 250,000 square meters, as predicted by the Ukrainian Trade Guild (UTG). Analysts believe that the appearance … Read more
Ukrainian supermarket chain Silpo, part of the Fozzy Group of companies, has acquired the fruit and vegetable delivery service OVO, which was on the verge of shutdown at the time of the deal. In June 2021 OVO’s closure of $500,000 seed round from TA Ventures and other investors at a pre-money valuation of €3 million.
The UK will support Ukrainian business by extending tariff-free trade for another five years until 2029, the UK Department for Business and Trade said in a statement on Thursday. According to it, UK Trade Minister Greg Hands and First Deputy Prime Minister, Minister of Economy of Ukraine Yulia Svyrydenko will sign the document at a … Read more
The lower chamber of Canada’s parliament, the House of Commons, approved the updated free trade agreement with Ukraine on Feb. 6. The bill will now go to the Senate for review. The deal, backed by the ruling Liberal Party and two other parties, was opposed by the Conservatives. Conservative Party leader Pierre Poilievre, whose party … Read more
The Turkish defense company Baykar, perhaps best known for its Bayraktar drone that was widely used by Ukrainian forces to destroy Russian military equipment at the beginning of the full-scale invasion in 2022, has begun constructing a factory near Kyiv, its CEO told Reuters on Feb. 6. Baykar received licenses to manufacture combat drones in … Read more
The Polish Agriculture Ministry plans to propose charging 8% VAT on Ukrainian vegetable oil and capping sugar imports from Ukraine to Poland, Polish Deputy Agriculture Minister Michal Kolodziejczak said in an interview with TVP Info. Poland’s Agriculture Ministry is analyzing data, including what amount of frozen raspberries was delivered from Ukraine and Poland this year, … Read more
Ukraine exported 12 million metric tons of goods in January 2024, reaching a monthly record level since the beginning of Russia’s full-scale invasion in February 2022, the Economy Ministry announced on Feb. 5. According to the statement, in the pre-war January of 2022, Ukraine exported just 2 million metric tons more. “We are very close … Read more