Hungary is tightening rules on foreign property purchases. Restrictions on home purchases by non-residents will come into effect on July 1.
Foreign citizens who are not members of the Schengen/EEA will have to obtain permission from a government commission to purchase real estate, including houses and apartments. Significant restrictions on land and residential property transactions are expected.
The aim of the changes is to protect the domestic housing market from excessive foreign demand, especially in tourist and suburban regions, to reduce price inflation, and to prevent social tension due to rising rents.
The new changes are in line with environmental and social criteria; land transactions have long been restricted, and now similar measures are being extended to residential real estate.
According to data from the Hungarian Central Statistical Office (KSH):
2023 — foreigners purchased more than 6,300 residential units, which is 1,700 fewer than in 2022, accounting for almost 6% of all transactions and 7.6% of the portfolio price.
2022 — peak — about 8,000 purchases by foreigners.
National and category composition of buyers:
Germany — in first place, with more than 1,470 transactions in 2023, accounting for about 25% of all purchases by foreigners.
Slovakia, Romania, and the United Kingdom — 600–700 purchases each.
China — nearly 600 purchases, mainly in Budapest.
Ukraine — 131 property purchases.
As of early 2025, there are approximately 255,450 foreign citizens living in Hungary.
The limits introduced are aimed at reducing pressure on prices, especially in areas popular with foreigners — Budapest, Lake Balaton, and the border area.
The government seeks to prevent the rise in housing prices due to investments by non-residents, as well as to alleviate the shortage of affordable housing for Hungarians.
The new rules require approval and may slow down the purchase process by 2–3 months.
Prices in vulnerable regions are expected to stabilize and growth rates to slow down. Hungary will significantly tighten requirements for foreigners purchasing real estate.
Serbian President Aleksandar Vučić intends to pay an official visit to Ukraine in the near future, according to Serbian and Ukrainian sources. The main purpose of the trip will be to participate in high-level events in Kyiv and hold talks with Ukrainian President Volodymyr Zelenskyy.
Key expectations from the visit:
Bilateral meeting with Zelensky The agenda will focus on discussing the current geopolitical situation, prospects for European integration, humanitarian cooperation, and regional stability issues. The visit is seen as a step toward deepening political dialogue between the countries.
Participation in an international conference
Vucic is expected to participate in a conference on the reconstruction of Ukraine, where Serbia may present initiatives in the areas of humanitarian aid, infrastructure cooperation, and education.
Context and significance of the visit:
• Policy of neutrality Although Serbia has not joined the sanctions against Russia, the country continues to support the territorial integrity of Ukraine and participate in providing humanitarian aid. This visit could strengthen Belgrade’s international position as a constructive mediator in European politics.
• Deepening the European course According to analysts, the upcoming visit is also linked to Serbia’s course towards rapprochement with the EU. It can be seen as a diplomatic signal of Belgrade’s commitment to European values, especially ahead of important decisions on the future expansion of the union.
Possible consequences:
Serbia – Ukraine
The visit could give new impetus to relations, especially in the humanitarian sphere and education.
Serbia – EU
This will be a symbolic confirmation of the European vector, strengthening trust on the part of Brussels.
Serbia’s domestic policy
Vučić is demonstrating a balance between Eastern and Western partners, which could strengthen his position within the country.
Belgrade. June 10. SERBIAN ECONOMIST
In just one week, 25 leading experts and more than 200 industry representatives will discuss current issues in the production, marketing, and distribution of flour, cereals, bakery products, and pasta, as well as share their experiences in implementing technological innovations, adapting to the market, and building effective relationships with retailers and HoReCa.
We are already counting down the days until the start of Bread Industry 2025!
On June 12–13, Uman will become a meeting point for ideas, experience, and new opportunities for everyone who works with bread, flour, technologies, and sales markets.
The forum brings together over 200 participants — managers and owners of bread factories, confectionery enterprises, and bakeries; manufacturers of flour, flour products, cereals, pasta, and other grain processing enterprises; representatives of retail, suppliers of packaging, raw materials, ingredients, equipment, and technologies; government officials, and other participants from the agro-industrial and related sectors.
The program offers a concentration of practical knowledge and breakthrough solutions. On stage are top experts from the baking, flour milling, machine building, HoReCa, and retail industries. Instead of general phrases, there will be clear insights, case studies, and tools that are already working in Ukraine and beyond.
And also:
– a specialized exhibition featuring equipment, ingredients, and innovations;
– master classes on baking bread, from the first kneading to the fragrant crust;
– live communication, networking, and real contacts for business development;
– and even an excursion to Sofiyivka and the Rebbe Nachman Synagogue after the official part is over.
Registration is ongoing, but time is running out. Don’t put off your decision — discover new opportunities with Bread Industry 2025.
Organizers: All-Ukrainian Bakers Association, Union of Flour Millers of Ukraine, AgroMarketing Agency
General partner — Lesaffre Ukraine
Quality control partner — SocTrade
Special partner — Uni Blend
Banquet partner — Bistro Pekarya Uman
Official information partner — Interfax-Ukraine
Official information and analytical partner of the forum — Experts Club
Venue: Uman National University of Horticulture (1 Institutskaya St., Uman, Cherkasy region)
REGISTRATION FEE INCLUDES:
Participation in the conference for one delegate
Conference materials
Coffee breaks, lunches, and all events included in the conference program
Field trips and excursions as part of the conference
Attendance at the banquet and networking
ADDITIONAL OPPORTUNITIES
Participation as a sponsor or partner of the conference
Placement of a banner in the conference hall, in the lobby in front of the conference hall
Placement of an exhibition space in the lobby in front of the conference hall
Inclusion of advertising and souvenir products of the company in the participant’s package
For questions regarding participation, advertising, and presentations, please contact the event coordinators:
Agro Marketing Agency
Svyatoslav Tkachenko
+38(063)357 73 59
If you are responsible for developing customer experience, service, marketing, or brand development, mark these dates in your calendar:
June 5-6 – Online conference on customer experience (CX case pitching)
June 20 – Customer Experience Oscars in Ukraine – Ukrainian CX Excellence’2025 awards ceremony
These events are worth attending if you:
are looking for ways to improve online and offline customer service
want to understand your customers’ behavior and become a Lovemark for them
are implementing digital tools and AI to develop your customer base
are working on service design and growth through customer service
want to make your company’s contact center a point of trust and profit
understand that your employees’ experience = stronger customer service.
What to expect:
June 5–6 – an online conference consisting of the latest practical cases on customer service
2 days, 13 nominations, 60+ purely practical cases from companies that have already implemented modern CX solutions. Strategies, implementation methods, failures and lessons learned, performance indicators. Among the nominated companies are WOG, Comfy, UKRSIBBANK, Nova Poshta, MHP, Oschadbank, Dnipro-M, OLX, Pizza Day, BAO Group, UKLON, and dozens of others.
June 20 – Award ceremony for the winners of the All-Ukrainian Customer Experience Award (UCXE’2025)
Awards for the best cases of the year in key categories: online and offline customer experience, best service in contact centers, best cases in service design, inclusivity, personalized experience, customer experience in B2B, employee experience, and more.
What will you get?
Access to current experiences and trends
You will get ideas on how to scale what already works
You will return with solutions that can be implemented immediately
Networking with customer experience industry professionals
An inspiring impetus for transformation in your team
See how it was last year:
Photo report: View here
The All-Ukrainian Customer Experience Award 2025 is organized by KA Group with the support of general partners Nova Poshta, Oschadbank, and 4Service
Contact your personal manager to order tickets or corporate special offers: +38063 311 58 41, info@kagroup.ua
Don’t miss the chance to invest in your company’s customer experience and the growth of your team, which needs new knowledge and inspiration from powerful examples!
Scientists from the Kyiv National University of Construction and Architecture (KNUCA), together with partners, have begun implementing an international project to create new concrete mixtures using waste, in particular, destroyed structures, for construction using 3D printing and traditional methods, according to the KNUCA press service.
The release states that as part of the project “Development of new approaches and construction materials for the restoration of Ukraine’s damaged infrastructure with consideration for environmental sustainability,” researchers are developing a concrete mixture with the addition of materials resulting from the destruction of buildings and other industrial and agricultural waste.
The restoration of housing in Ukraine requires the introduction of universal rapid construction technologies that allow for the construction of sustainable and affordable buildings even in conditions of limited resources. Due to the war, many buildings in Ukraine have been destroyed. The remains of concrete structures can be effectively recycled and used for the construction of new housing. Compared to traditional construction methods, 3D printing of buildings can ensure faster construction rates, significantly less use of human resources, and savings in materials and energy.
The project is co-funded by the US Office of Naval Research and the US National Science Foundation (NSF). The research is being conducted as part of the multilateral partnership initiative ” International Multilateral Partnership for Ensuring the Sustainability of the Education and Science System in Ukraine (IMPRESS-U),” initiated by the Office of International Science and Engineering (OISE) of the US National Science Foundation with the involvement of researchers from Stony Brook University in the US and the Jan and Jędrzej Śniadecki University of Technology in Bydgoszcz, Poland.
The project will last two years. At KNUBA, the implementation of this project is entrusted to teachers, graduate students, and students of the Faculty of Construction and Technology, in particular, the Department of Building Materials and the Department of Building Structures and Products Technology.
On May 30, 2025, the Ukrainian Ministry of Finance announced its decision not to pay $665 million to holders of GDP warrants — financial instruments issued in 2015 as part of debt restructuring. This was the first default on these obligations since their creation.
What are GDP warrants?
GDP warrants are securities whose payments depend on the growth rate of the economy. If Ukraine’s GDP exceeds certain thresholds, investors receive additional payments. In 2023, the country’s economy grew by 5.3%, which triggered the obligation to pay about $665 million in June 2025.
Reasons for default
The Ukrainian government had previously imposed a moratorium on payments on GDP warrants from May 31, 2024. Attempts to restructure these obligations were unsuccessful: negotiations with major warrant holders, including large hedge funds, ended without agreement in April 2025. Finance Minister Serhiy Marchenko called these instruments “outdated” and stressed the need to revise them.
Consequences and risks
Credit rating: Moody’s has affirmed Ukraine’s rating at “Ca,” indicating a high risk of default.
Investor reaction: Despite the default, cross-default provisions were removed in 2024, limiting the spread of the consequences to other debt obligations.
International support: Ukraine continues to receive financial assistance from Western partners and the IMF, but the default may complicate future financing negotiations.
Outlook
Ukraine is seeking a complete restructuring of GDP warrants, including the possibility of exchanging them for other instruments or changing the terms of payment after 2028. However, the lack of agreement with investors and the ongoing war with Russia create uncertainty about the country’s future economic recovery.
Thus, the default on GDP warrants reflects Ukraine’s difficult financial situation and highlights the need to review the terms of its debt obligations amid ongoing conflict and economic difficulties.
