In January-June 2025, Nadina Insurance Company (Kyiv) collected gross insurance premiums totaling UAH 18.938 million, which is 41.8% less than in the same period last year, according to data from Standard-Rating on the update of the company’s credit rating/financial stability (reliability) rating at the level of CAA+ on the national scale.
It should be noted that premiums from individuals amounted to UAH 362,000, while premiums from reinsurers were absent.
Insurance payments sent to reinsurers in the first half of 2025 decreased by 96.49% to UAH 379,000 compared to the same period in 2024, and the reinsurers’ share in insurance premiums decreased by 31.21 percentage points to 2%.
The insurer’s net premiums for the first half of 2025 decreased by 14.62% to UAH 18.559 million compared to the first half of 2024, and net earned premiums decreased by 9.48% to UAH 18.981 million.
The volume of insurance payments and indemnities made by IC “Nadyina” in the first half of 2025 compared to the same period in 2024 increased by 1.28% to UAH 6.394 million, and the level of payments rose by 14.36 p.p. to 33.76%.
The company’s operating profit increased to UAH 10.346 million, and net profit to UAH 10.577 million.
As of July 1, 2025, the insurer’s assets increased by 6.20% to UAH 86.949 million, equity increased by 16.20% to UAH 73.555 million, liabilities decreased by 27.90% to UAH 13.394 million, cash and cash equivalents increased by 7.56% to UAH 61.414 million.
As of the reporting date, the company also formed a portfolio of current financial investments in the amount of UAH 10.600 million, which consisted of government bonds.
According to the company’s website, it was registered in the Unified State Register of Legal Entities and Individual Entrepreneurs in 2006. Its authorized capital is UAH 15 million.
Its main shareholder is Agroholding 2012 LLC, which owns 90.5% of the insurer’s shares.
Belgrade’s office real estate market in H1 2025 showed multidirectional trends: office leasing continued to grow in price amid strong demand from the IT sector and outsourcing companies, while the buy/sell market remains relatively subdued.
Rental prices and demand
According to Serbian consulting agencies, the average rental rate in modern Class A business centers in Belgrade reached EUR 16.5-18.5 per sqm per month in Q2 2025, which is 7-9% higher than in the same period in 2024. For Class B properties, rents ranged between 11-13.5 euros per square meter.
Experts note that the key demand drivers remain international IT companies, customer service centers and service units of pharmaceutical corporations. “In Belgrade, more and more global companies are looking for offices with flexible layouts and energy-efficient solutions.
The rental segment is overheated and this is pushing the rates up,” Colliers Serbia consultant Ivana Markovic told Politika newspaper.
Buying and selling: cautious deals
The office real estate purchase market in the first half of 2025 was cautious.
The average purchase price in newly built business centers is 2,350-2,600 euros per square meter, while a year earlier the figure was closer to 2,200 euros.
At the same time, the volume of transactions decreased: according to CBRE Serbia, sales fell by about 15% compared to the first half of 2024. Buyers, mainly institutional investors, are showing interest in properties in the center and New Belgrade, but are postponing contracts due to the instability of the global economy and the rising cost of financing.
Vacancy and new projects
The office vacancy rate in Belgrade has fallen to 7.2% by July 2025 (vs. 9.1% a year earlier). New supply is limited, with only about 37,000 sqm of new office space commissioned in the first half of the year, which is below forecasts.
Projects under construction in New Belgrade and the Savamaja neighborhood are scheduled for completion in 2026, which may reduce tenant pressure in the future.
Forecasts
Analysts expect rental rates to continue to rise by 3-5% in the second half of 2025 due to a lack of supply. However, the buy/sell market is likely to remain stagnant: rising interest rates and high construction costs will deter investors from active transactions.
“Office rents in Belgrade will become more expensive until at least 2026, until new large complexes come out. The sales market will revive not earlier than the end of 2025, if the risks are reduced and more favorable credit conditions are available,” says the manager of JLL Serbia Milos Stankovic.
https://t.me/relocationrs/1308
In the first half of 2025 the office market in Zagreb maintained a severe shortage of quality space and stable growth of rental rates. This is evidenced by the data processed by the project relocation.com.ua. Thus, according to CBRE, the modern stock is estimated at ≈1.18 million sq. m., total vacancy – 2.96%, and prime rent – €17/sq. m/month; for the half-year 26 thousand sq. m. of transactions were recorded (in Q2 – 7 thousand sq. m.). Prime yield decreased to 7.25% (-75 bps YoY).
According to Cushman & Wakefield/CBS International estimates, total vacancy in Zagreb in Q2 was 2.63%, prime asking rate – €18.50/sqm/month, volume of concluded leases – 15.1 thousand sqm for the quarter; the most active tenants were manufacturing and consumer companies, as well as IT sector. The agency points to the total modern stock of ≈1.58 mln sq. m. GLA (including A and B) and stable demand outside CBD on the background of portfolio renewal.
Supply and projects. No new speculative buildings were completed in Q2; the market was replenished with space following refurbishments. On the 2025-2027 horizon, ≈77k sqm is expected to be commissioned (about 5k in 2025, 42k in 2026, 30k in 2027): among the projects are Matrix D (GTC, 10.5k sqm, 2026), VMD Business Tower (≈21k. sq. m, beginning of 2027), Park Avenue V, Paromlinska (12 thousand sq. m, end of 2026), Business Center Arena (9,5 thousand sq. m, 2026), the final phase of Buzin City Island (15 thousand sq. m, 2027) and Supernova Office Towers (≈15,4 thousand sq. m). CBRE expects that with the commissioning of new space vacancy may slightly increase, but rates will remain stable, and in prime locations additional growth is possible due to stable demand.
Investments. Office transactions in Zagreb amounted to ~€69m in the last 12 months; with lower yields reflecting competition for quality assets.
The Zagreb office market in H1 2025 remains a “landlord’s market”: vacancy <3%, rental rates in the €17-18.5/sqm/month corridor, with limited new supply and gradual yield compression. For tenants, this means early booking in projects under construction, for investors – focus on prime properties and renovation projects.
Food Technologies of Transcarpathia LLC will invest more than UAH 43 million in the construction of a modern sports complex in the village of Bolshiye Komyaty (Vinogradivka community) in Transcarpathian region, head of the regional military administration Volodymyr Mikita said in Telegram. He noted that the project provides for the construction of a soccer field, stands, special premises and running tracks for athletics. The concept is based on the need to create conditions for sports activities for children who study and live in the local community, as well as neighboring communities. The initiative will reach more than a thousand children of different age groups.
“This is the first such project in these territories, which is being implemented since the independence of Ukraine. The investment of the enterprise LLC “Food Technologies of Transcarpathia” in the construction is more than 43 million UAH. The Hromada has allocated the territory for the creation of infrastructure and will ensure the functioning of the Children’s and Youth Sports School with the appropriate staff of coaches”, – wrote the head of ZOVA.
LLC “Food Technologies of Transcarpathia” was founded in 2010 in Beregovo, Transcarpathian region. It specializes in the production of ready-made pet food, which it sells under the TM “Pan Dog-Pan Cat”, “Miss Kis – Mister Gaff”, “Carpatian Pet Food”. The beneficiary of the enterprise is businessman Andriy Hrypta, who is also the owner of Ecogreenpark LLC, RES Zakarpattya LLC, Residents Avenue Mall LLC, Trans Logistic Zakarpattya LLC.
The number of written appeals to the National Bank of Ukraine on the activities of insurance companies in the second quarter of 2025 decreased by 9.3% – to 321, oral appeals through the contact center – by 18%, to 41, according to the report on the work with appeals of consumers of financial services in the mentioned period.
“We observe a tendency to decrease the number of written appeals on the work of financial, collection companies and insurers. At the same time, we note an increase in the number of questions regarding the work of banks of all forms of ownership,” the report says.
It is noted that the share of identified violations in written appeals regarding the activities of insurers is 22%, state banks – 2.8%, private banks – 1.8%, foreign banks -1.3%, financial companies – 21%, collection companies – 34%.
Appeals regarding the activities of insurers relate to disputes when the consumer received compensation not in full or did not receive it at all.
According to the NBU, the reasons for such problems vary from violations of legislation on the part of insurers to the provision of false data on the occurrence of an insured event by the consumer. In addition, the amount of compensation for material damage may differ from the actual amount due to the expert opinion of the involved insurer’s specialist and the application of depreciation in the calculation of material damage, which is determined by the current legislation or the terms of the contract.
PJSC Ukrhazvydobuvannya (Kyiv) on August 20 announced a tender for services on insurance of drivers against accidents on transport.
As reported in the system of electronic public procurement Prozorro, the expected cost of the purchase of services is 518.014 thousand UAH. The deadline for submission of documents is August 28.
