On April 28, 2025, federal elections were held in Canada, resulting in a victory for the Liberal Party led by Mark Carney, which won 155 seats in the House of Commons out of 343. However, this is not enough to form a majority, which requires 172 seats, meaning that a minority government will have to be formed or coalition agreements sought. Distribution of seats by party
Party Leader Seats Change
Liberal Party Mark Carney 155 +3
Conservative Party Pierre Poilievre 133 +13
Bloc Québécois Yves-François Blanchet 21 -11
New Democratic Party Jagmeet Singh 5 -20
Green Party Elizabeth May and Jonathan Pedne 1 -1
Independents and others 28 —
Possible scenarios for forming a government
Given the results, the Liberal Party does not have an absolute majority and must seek support from other parties to form a stable government. Possible options:
Minority government: The Liberals may try to govern without a formal coalition agreement, securing the support of other parties on key issues.
Coalition with the New Democratic Party: Despite significant losses, the NDP could become a partner of the Liberals, as has happened in the past.
Cooperation with the Bloc Québécois: Although the Bloc Québécois lost some seats, its support could be critical for the Liberals, especially on issues related to Quebec.
Implications for the opposition
The Conservative Party, led by Pierre Poilievre, improved its position, winning 133 seats, but this was not enough to secure victory. Poilievre also lost his seat in the Carleton riding, which could affect his leadership of the party.
The New Democratic Party suffered significant losses, reducing its representation to five seats. Party leader Jagmeet Singh announced his resignation after losing in his riding.
The election took place against a backdrop of heightened tensions with the US, particularly after President Donald Trump’s statements about the possible annexation of Canada as the 51st state. Mark Carney strongly criticized Trump, stressing the need to protect Canadian sovereignty and strengthen national unity.
International leaders, including representatives from the UK, the EU, Ukraine, and China, congratulated Carney on his victory and expressed hope for stronger cooperation in trade, defense, and democratic values.
Earlier, the Experts Club think tank released a video analysis dedicated to the most important elections in the world in 2025. For more details, see here —
https://youtu.be/u1NMbFCCRx0?si=K4EMR3-a5cYQM_Ab
The Volyn District Administrative Court upheld the claim of the Osokorki Ecopark public organization and decided to revoke the construction permit issued to Kontaktbudservis LLC and Budevolutsia LLC for the construction of a residential complex. The developer Stolitsa Group announced its intention to appeal the decision.
“On April 25, 2025, the Volyn District Administrative Court revoked the construction permit issued to Kontaktbudservis LLC for the territory of the Osokorky Ecopark. We have once again proven that construction on the territory of the ecopark is illegal. The court’s decision revoked the construction permit for the H2O residential complex,” the Osokorky Ecopark public organization said on Facebook on Tuesday.
According to the published court decision, the court concluded that the defendant did not provide the results of an environmental impact assessment to obtain a construction permit in a protected landscape area, did not coordinate the construction project with the State Service for National Cultural Heritage and the Ministry of Culture of Ukraine, and did not coordinate the construction plans with the current General Plan of the city.
Thus, the court’s decision revoked the permit of the State Architectural and Construction Inspection of Ukraine (GASI) No. IU113181171313 dated April 27, 2018, for the comprehensive development of microdistricts 1, 2, and 2a of the Osokorki-Tsentralni residential area in the Darnytskyi district of Kyiv.
In turn, the project developer Stolitsa Group announced its intention to appeal this decision in the near future. In its opinion, the court assessed the case as insignificant and did not take into account previous decisions of the Supreme Court regarding urban planning conditions and the detailed plan of the territory in this case.
“The company considers the decision of the Volyn District Administrative Court of First Instance to be a gross violation of procedural and substantive law, and it has not entered into legal force and will be appealed in the near future,” the company said in a statement on its Telegram channel.
The developer emphasized that work on the construction site is being carried out in accordance with the approved schedules and commitments made to buyers. In addition, the company continues to fulfill its obligations under the signed memorandum on the completion of the bankrupt Arkada facilities, the statement said.
As reported, in November 2018, the Kyiv District Administrative Court dismissed the claim of the Osokorki Ecopark public organization to revoke the State Architectural and Construction Inspection’s permit for the construction of the Patriotika na Ozerakh residential complex in the Osokorki-Tsentralny residential area in the Darnytskyi district of Kyiv, issued to Kontaktbudservis LLC and Budevolutsia LLC. This decision was overturned on appeal in 2019, and later in 2020, the Supreme Court overturned both decisions and sent the case back for reconsideration.
In 2019, Kyiv City Council deputies supported the decision to create the Tyaglo Lake Landscape Reserve to preserve valuable natural complexes of flora and fauna in the Dnipro floodplain on the left bank of the capital.
Later in 2021, a memorandum was signed on the completion of the bankrupt Arkady’s projects by Stolitsa Group LLC: the Eureka, Patriotika, and Patriotika na Ozerakh residential complexes.
On January 20, 2025, Stolitsa Group opened sales in the N2O residential complex in the capital’s Osokorki district between the Tyaglo and Nebrezh lakes (the former Patriotyka na Ozerakh project from Arkada). The chief architect of the project was Alexei Kutsalo from KUB Arkhteks.
Sources: https://reyestr.court.gov.ua/Review/126877273, https://www.facebook. com/ecoparkosokorky/posts/pfbid02HQ1SYBsTGKpcNfUFTqxpupRE2geJcpc7KDGbk29UxxGb688zAikndaggEAwWy5gol, https://t.me/stolitsa_group/2564
When choosing their future home, buyers prefer new-build properties in areas with well-developed infrastructure for shelter, modern fire safety systems, and autonomous energy sources, according to Irina Mikhaleva, CMO Alliance Novobud.
“Over the past three years, the criteria for choosing a home have changed. Buyers have become more practical, demanding in terms of quality, and adapted to the realities of war. They prefer homes in safe regions or areas with developed infrastructure for shelter, modern fire safety systems, and autonomous power sources,” Mikhaleva said.
Alliance Novobud is responding to changes in housing selection criteria by including spaces in its projects for temporary shelters with automatic door opening/closing and video surveillance.
“In our projects in the capital, we offer spacious and secure underground parking lots, provide access to autonomous energy sources for building utilities, and offer well-thought-out apartment layouts that meet the diverse needs of buyers,” said Mikhaleva.
Overall, she said, demand for housing in the capital has changed significantly since 2022. Whereas previously buyers were looking for interesting new projects in the comfort and comfort+ classes, with a wide choice of concepts and areas, they are now focused on affordable options that are nearing completion. The focus is on apartments that are covered by the “єОселя” program or are available on installment plans from the developer.
In contrast, the suburban market remains active: developers are launching new high-quality projects with a wide selection of housing with different concepts and amenities at affordable prices.
According to Mikhalova, several factors are influencing the outflow of buyers from the capital’s market to the suburbs. The main factor is the shortage of finished or nearly finished housing in the currently popular comfort class in the capital, which will only get worse. There are almost no new projects, nor are there any land plots in promising areas of the city. Buyers are also more interested in the more affordable cost of housing in the suburbs and the opportunity to take advantage of the “єОселя” program.
At the same time, suburban projects offer more high-quality options close to green areas, with transport and amenities. There is greater demand for such projects from IDPs from the eastern and southern regions, who prefer quiet, green suburbs.
“In the next year or two, demand in the suburbs will grow steadily, and buyers will be interested in affordable and relatively inexpensive housing formats,” Mikhaleva believes.
Among the trends, the expert also highlighted a rational approach, with buyers opting for smaller square footage. As a result, demand for one- and two-bedroom apartments, which are more affordable and easier to maintain, has increased. At the same time, living spaces that can be used for both residential and remote work remain relevant.
At the same time, she emphasized that the trend of rising prices per square meter will continue due to the growth of prices for the components of the cost of new buildings.
“If the macroeconomic situation remains more or less stable, prices are likely to rise by 5-10% due to inflation and the gradual recovery of the construction industry. Demand from migrants and a shortage of new housing will also drive up prices. In the event of external/internal shocks or instability in the financial markets, current prices may remain unchanged,” she said.
According to the LUN new construction portal, Alliance Novobud was founded in 2006. Since 2010, the company has commissioned 37 buildings and parking lots, and is currently developing nine buildings in the Krona Park II residential complex in Brovary and a premium-class project in the capital, Montreal House.
The Verkhovna Rada Committee on Finance, Tax and Customs Policy has announced a competition for a vacant position on the Council of the National Bank of Ukraine (NBU), setting the deadline for applications as May 22, 2025.
“We had a meeting with the IMF, and they expressed their position on the need to fill the vacant position,” said committee head Danylo Getmantsev during the meeting.
He said that the deadline for accepting applications from candidates for the position of member of the National Bank Council is one month, until 4 p.m. on May 22, 2025.
“We will listen, conduct a selection process, as we always do – openly and transparently,” Getmantsev added.
As reported, in the memorandum of the extended financing program with the IMF, updated after the seventh review, the Ukrainian side noted that it plans to fill the vacant positions in the NBU Council by the end of April 2025.
In addition to the head of the NBU, the National Bank Council has eight other members: four are appointed by the president and four by the Verkhovna Rada for a term of seven years. Currently, Igor Veremiy and Vasily Furman have been appointed under the president’s quota (in June and November 2022), and Vasily Gorbali, Anatoly Barsukov, and Elena Shcherbakova have been appointed under the Verkhovna Rada’s quota (in September 2020 and December 2022).
COMPETITION, member of the NBU Council, VACANCY, Verkhovna Rada Committee
Individual customers of OTP Bank purchased domestic government bonds (OVDP) worth a total of UAH 2.78 billion at the end of the first quarter of 2025. This was announced by Valeria Ovcharuk, product owner at OTP BANK.
She noted that 20% of investments were made in hryvnia OVDPs and 80% in foreign currency. “As we can see, our clients choose a reliable and effective way to preserve and multiply their funds in foreign currency. Currently, individuals see this as the best investment option for their savings. For many, it is important to support the Ukrainian economy in this way, as securities are sold, among other things, to finance the state budget,” emphasized V. Ovcharuk.
In the first quarter, customers bought securities worth a total of UAH 1.29 billion from the Bank’s portfolio, while bonds worth UAH 1.49 billion were purchased directly at auctions held by the Ministry of Finance.
In total, since the launch of the OVDP purchase service in the OTP Bank UA app at the end of 2023, the Bank’s customers – individuals – have purchased OVDPs worth more than UAH 11 billion.
We would like to remind you that you can purchase OVDPs from the Bank’s portfolio or directly at Ministry of Finance auctions via the OTP Bank UA mobile app. In addition, the Bank has recently simplified the procedure for opening securities accounts – this can now be done remotely, with the help of OTP Bank UA, without the need to visit a branch. You can find out more about investing in government bonds through the app at link.
