Business news from Ukraine

Business news from Ukraine

Analysis of prices in Spanish real estate market from relocation.com.ua

The real estate market in Spain is characterized by significant regional differences in prices and demand, due to geographical, economic and tourism factors, relocation.com.ua reports.

Regional differences and approximate prices:

Madrid and Barcelona: As the largest economic and cultural centers, these cities show high housing prices. The average cost per square meter in Madrid is about 3,344 €, and in Barcelona – 3,325 €.

Balearic Islands: Popular with tourists, islands such as Ibiza and Mallorca are characterized by high real estate prices. The average cost per square meter here reaches 3,325 €.

Costa del Sol (Andalusia): The Costa del Sol, including the cities of Malaga and Marbella, attracts both tourists and investors. The average cost per square meter here is about €2,500-6,000.

Valencia: This region offers more affordable housing prices. The average cost per square meter is about 1,295-2,385 €.

Murcia: One of the most affordable regions, where the average cost per square meter is around 1,920-2,010 €.
Restrictions for foreign buyers:

In Spain, there are no direct restrictions on the purchase of real estate by foreigners. However, there are certain requirements and procedures:

Foreigner’s Identification Number (NIE): To complete a transaction, you must obtain a NIE, which serves as a tax identification number.
Opening a bank account: It is recommended to open a bank account with a Spanish bank to conduct financial transactions related to the purchase.

Taxes and fees: Buyers are obliged to pay property transfer taxes, VAT (for new buildings) and stamp duty. Rates may vary depending on the region and type of property.

Mortgages: Foreigners can obtain mortgages from Spanish banks, but the terms and conditions may differ from those offered to residents. For example, the down payment for non-residents is often higher and amounts to about 30% of the cost of the property.

When planning to purchase real estate in Spain, it is recommended to seek professional legal counsel and advisors to ensure that all legal and financial aspects of the transaction are complied with.

On November 20, UP100 Award was held in Kyiv

On November 20, Kyiv hosted the UP100 award, which brought together the best Ukrainian entrepreneurs and startups that shape the future of business. Among the partners was the HitBit Pro team (https://hitbitpro.com.ua/), which for the first time presented its global lifestyle project aimed at integrating cryptocurrencies into everyday life.

HitBit Pro is a modern financial instrument that allows you to pay for any purchases in cryptocurrency through automatic conversion to fiat currency (euros). The card is supported by the Mastercard network.
Registration and management of the card are as convenient as possible: everything can be done through a Telegram bot. This makes HitBit Pro accessible even to those who are new to cryptocurrencies.

At the UP100 award, the HitBit Pro team presented an interactive stand where visitors could familiarize themselves with the product’s functionality. Guests observed how easy it was to register, order a card, and make payments in real time.
According to the founders, their product is designed for people who value freedom in financial transactions. “We want to make cryptocurrency accessible to everyone. Our card is an easy way to integrate digital assets into everyday life,” said one of the founders of HitBit Pro.

The new HitBit Pro project is aimed at young people and active travelers looking for flexible solutions to manage their finances. It allows you to use cryptocurrency for everyday purchases in stores, restaurants, traveling, and even online.

The key goal is to bust the myth that cryptocurrency is complicated or inaccessible. HitBit Pro offers a tool that makes using cryptocurrencies as easy as using a bank card.
The partnership with UP100 was the first public presentation of HitBit Pro.

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Leleka Medical Center is 8 years old: transformation, development and plans for future

Leleka Medical Center is celebrating its eighth anniversary, a period filled with achievements, transformation and innovation. Over the years, the institution has evolved from a maternity hospital to a multidisciplinary center for the whole family, providing a wide range of services: from childbirth to modern surgery and outpatient consultations.

Global standards and reliability

Leleka Medical Center maintains its position as one of the leading medical centers in Ukraine, having received the prestigious international accreditation of JCI (Joint Commission International), the “gold standard” for the quality and safety of medical services. As a result, Leleka is among the best medical institutions trusted by patients in Ukraine and abroad.

The ISO 9001:2015 accreditation from QUALITY AUSTRIA confirms compliance with the highest quality management standards, which guarantees patients comfort and safety at every stage of medical care.

Results that Leleka is proud of

Over 8 years, more than 12 thousand children have been born at Leleka! Among them are 450 “early storks” who received the necessary assistance in the neonatology department.

And from January to October 2024, the medical institution

more than 1,800 surgeries were performed. Specifically, the Leleka Center for Modern Surgery performs advanced surgical interventions in the areas of hernia surgery, mammology, abdominal surgery, bariatrics, surgical gynecology, plastic surgery, and others;

provided assistance to military personnel and their families: “Leleka provided services in various areas totaling more than UAH 2 million. Charity programs were implemented together with the Children of Heroes Charity Fund, Liliia Rebryk Charity Fund and other partners and military units of the Armed Forces of Ukraine, especially those where Leleka Medical Center employees serve;


more than 75 thousand patient visits to clinics in 2024;

a number of unique patient treatment technologies were introduced, some of which are available only at Leleka, and some are available only in a few other institutions in Ukraine.

Staff development and innovation

Leleka believes that quality medicine starts with people. That is why the doctors of the center are constantly improving their knowledge and skills. In 2024, the medical center’s specialists underwent specialized training under the UNICEF, JCI, infection control, and emergency care programs.

Looking to the future

“Leleka continues to work on expanding its range of services and continuous improvement. The plans include the active development of the mammology center and the hernia surgery center, as well as a significant expansion of the list of possible services in the field of pediatrics.

“We are not resting on our laurels. Our team continues to work to ensure that Leleka remains a symbol of hope, health and innovation for every family,” said Valeriy Zukin, CEO of the medical center. We have even more opportunities and achievements ahead of us.”

Ukraine catches up with world leaders in frozen raspberry exports – Serbia and Poland

According to EastFruit analysts, Ukraine in the 2024/25 season continues to actively catch up with the world leaders in frozen raspberry exports, which remain Serbia and Poland. However, Poland is increasingly dependent on re-exports of products, mainly of Ukrainian origin, to hold on to its leadership position.

During the first three months of the season, from July to September inclusive, Ukraine exported more than 28 thousand tons of frozen raspberries and blackberries, which is a new record for this period. Exports thus increased by 36% compared to the same period last year and by 45% compared to 2022. It is noteworthy that the increase in exports comes against the backdrop of numerous reports from farmers about a lower raspberry crop in 2024.

“Although Poland remains the main market for frozen raspberries from Ukraine, its share in total exports continues to decline. Ukraine is gradually starting to enter with frozen raspberries directly into traditional markets for Poland, such as Germany and France. For example, this season the share of the German market in frozen raspberry exports from Ukraine already exceeds 20%,” says Andriy Yarmak, economist at FAO Investment Department.

Among the main markets for Ukrainian raspberries at the beginning of the season are also the Czech Republic, Lithuania, Austria, Belgium and Italy. Also in the new season, the first batches of Ukrainian frozen raspberries have already been shipped to such important and promising markets as the USA and Canada.
According to analysts, even Serbia, the world leader in raspberry exports, purchased a large batch of produce from Ukraine in September 2024, apparently for re-export.

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Spain to legalize up to 300,000 migrants annually to revive economy

Spanish authorities intend to regularize up to 300,000 migrants a year to make up for the country’s labor shortage due to an aging population, Spanish Social Security and Migration Minister Elma Sais said Tuesday.

“Spain has a choice between an open prosperous country or a closed poor country. We have chosen the second,” Western media quoted her as saying.

According to her, the policy involving migrants will last three years. She specified that Spain needs 250 – 300 thousand foreign workers a year, able to pay taxes, in order to preserve the welfare state.

The new measures of the authorities provides for simplification of procedures for issuing immigrants residence and work permits, which will contribute to the receipt of foreign workers guaranteed labor rights. In addition, newcomers seeking work will be able to extend their visa from three to 12 months. Foreigners with study visas will be allowed to work up to 30 hours per week.

The media notes that the economy of Spain – a country with a population of 48.9 million – is the fastest growing in the EU. This trend is also facilitated by the influx of skilled migrants from Latin American countries. Fitch Ratings Inc. estimates that more migrants will enter Spain in 2022 than in the entire previous decade at one time.

However, October opinion polls conducted by Spanish media showed that 57% of respondents believe the current level of migration into the country is too high. 54% believe that the real number of immigrants is higher than the authorities declare.

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Ukrainian business performs more functions than usual during the war – press conference

On November 15, 2024, the press center of the Interfax-Ukraine news agency hosted a press conference on “Social Responsibility Practices in Time of War” dedicated to the specifics of Ukrainian business during the war period. The event brought together representatives of leading companies and experts who shared their own cases, innovative practices and visions of the future.

Olena Plakhova, Director of Reputation Management and Marketing at Nova Poshta, emphasized that business in Ukraine is now performing much more than traditional functions and often takes on some of the responsibilities of the state.

“This happens not because of coercion, but because businesses realize their responsibility to society. It is important to rethink the social contract – we not only expect help from the state, but also actively engage in solving urgent problems. For example, the Humanitarian Mail of Ukraine program, which started in 2014, now supports more than 2,000 recipient foundations by providing free delivery of humanitarian aid,” she said.

“Not only did we quickly organize our work, but we also supported local communities and supplied military checkpoints. Our warehouse in Makariv was destroyed, but we found the resources to resume the supply of medicines. It was a unique experience when we had to negotiate logistics corridors and make decisions quickly. In the future, it is important for us to help the victims and participate in the restoration of medical infrastructure, as this is a key part of our mission,” said Yevheniia Piddubna, Corporate Communications Director, Farmak JSC.

In his turn, Oleksandr Sosis, beneficiary of Alliance Bank, noted that the war has changed the emphasis of the company’s social responsibility.

“Previously, our programs were mainly related to employee support, but now the focus has shifted to external initiatives. One example is our Good Deeds Forum, which has become a platform for supporting volunteers. Many of them have become leaders of public initiatives that are now working even more effectively than some government agencies,” he emphasized.

Sergiy Shevchenko, KSG Agro’s press service representative, spoke about the agricultural holding’s activities in the frontline region.

“We have adapted our operations to the war conditions, increased salaries for our employees and strengthened security at our facilities. One of the key areas was ensuring food safety: we increased the number of pigs at our complex in Kherson region from 500 to 20 thousand. This is an important contribution to the stability of the region and support for local communities,” said the farmer.

Maksym Urakin, Director of Development and Marketing at Interfax-Ukraine and founder of the Experts Club think tank, emphasized the importance of helping civilians and creating communication projects in times of war.

“Our project “Find Your Loved Ones” has become a lifesaver for many civilians who have lost contact with their families due to the war. We have combined the efforts of the media and volunteers to search for missing people and have achieved significant results. We also help volunteer initiatives by organizing press conferences, providing information support and supplying mobile hospitals for civilians,” he said.

According to the expert, the Ukrainian economy is showing significant growth despite the challenges.

“In the first nine months of 2024, Ukraine’s GDP grew by 4.5% year-on-year. The results of the metallurgical sector are particularly impressive, as it increased production of steel and rolled products by 22-28% during this period. The agricultural sector also showed a significant increase due to the early harvest of late crops,” said Maxim Urakin.

According to him, Ukrainian business continues to adapt to the war by moving production to safer regions or even abroad.

“Medium-sized businesses are forced to actively migrate across Ukraine and integrate into the European economy – more than 200 companies have opened production facilities in the EU,” Urakin added.

But there are also negative trends. The expert emphasized the need to improve trust in government institutions, as according to an April survey by Active Group and Experts Club, 57% of citizens do not trust government agencies, and 62% do not trust law enforcement agencies.

The event also featured the presentation of the book Unbreakable Business by Oleksandr Holizdra and Serhiy Shevchenko, which tells unique stories about the resilience of Ukrainian companies during the war period. The publication has become a symbol of the entrepreneurial spirit that inspires us to move towards victory.

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