Business news from Ukraine

Business news from Ukraine

Bosnia prepares 30% duty on steel imports

According to Serbian Economist, the authorities of Bosnia and Herzegovina are considering the introduction of a temporary duty of 30% on imports of steel and steel products for a period of 200 days. The proposal was prepared by the Ministry of Foreign Trade and Economic Relations at the request of Nova Željezara Zenica, the final decision after public consultations should be made by the Council of Ministers of BiH.

The initiative is explained by a sharp increase in the supply of certain categories of metal products. According to the Ministry, in 2025, imports of reinforcement mesh in BiH increased by 192.87% compared to the average of the previous four years, with Serbia being the largest supplier, with more than 9,000 tons, which is 408% higher than the 2021-2024 average. In second place was Italy (7,794 tons, about double the previous level).

Separately, the dynamics of imports from Turkey are pointed out: the supply of rebar in coils in 2025 increased by 885% relative to the four-year average, while imports of bars increased by 229.56%. The ministry believes that this creates pressure from foreign producers and leads to underutilization of local capacity.

In an explanation of the initiative, the ministry notes the risk of increased dependence of the construction sector on imports and warns of possible consequences, including job cuts, lower budget revenues, falling investment and higher prices on the domestic market.

The decision is being discussed against the backdrop of Serbia’s recent protective measures: as of January 1, 2026, Belgrade introduced a temporary import quota scheme for a number of iron and steel products (as well as Portland cement) with an additional duty of 50% on shipments above the quotas.

Nova Željezara Zenica itself, acquired last year by H&P Zvornik (Pavgord Group), had previously initiated bankruptcy proceedings against the company, explaining that it had been insolvent for a long time.

https://t.me/relocationrs/2256

 

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Taxes from Kyrgyzstan’s crypto market exceeded fees from  country’s largest bazaar

Tax revenues from Kyrgyzstan’s virtual asset market in 2025 exceeded the fees from the country’s largest commodity market Dordoi (Bishkek), according to data and comments published by regional media with reference to official statistics and industry participants.

According to the Financial Market Regulation and Supervision Service, in 2025, the budget from the market of virtual assets received almost 1.7 billion soms in taxes, with virtual asset service providers (exchangers and exchanges) providing 1.48 billion soms, and mining companies – 206.17 million soms.

The regulator also records a sharp increase in the scale of operations: the total turnover of virtual asset service providers in 2025 amounted to 2.735 trillion KGS with more than 2.12 million transactions, with over 94% of the turnover formed by exchange operations. The report indicates that 82 exchange operators and 5 crypto exchanges were registered in 2025, while mining activities, according to the finnadzor, have been effectively suspended since December 2025 and companies submit zero reporting.

https://www.fixygen.ua/news/20260212/podatki-vid-kriptorinku-kirgizstanu-perevishchili-zbori-z-naybilshogo-v-krayini-bazaru.html

 

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Join UP! increased  flow of Ukrainian tourists by 60% in 2025

Tour operator Join UP! Ukraine served almost 415 thousand Ukrainian tourists in 2025, which is 60% more than in 2024, the company said.

The key feature of the season – the choice of destinations with the most predictable logistics. Join UP! noted that Ukrainians more often planned vacation “pragmatically”: the priority was the safety of the route, clear connections and familiar service without surprises.

The most popular destinations for flights and tours in 2025 remained “classic” for mass demand. Egypt and Turkey were the leaders in summer, followed by Greece, Bulgaria and Montenegro, mostly in the all-inclusive format. The company specified that in Egypt they expanded the range of resorts: El Alamein on the Mediterranean Sea was added to Hurghada, Sharm El Sheikh and Marsa Alam. In Turkey the program has grown due to the return of popular resorts Bodrum and Dalaman.

In the winter season the demand was formed by the destinations with regular charter geography and stable weather: Egypt, UAE and Sri Lanka were in the top. In the segment of “distant exotics” in 2025 Vietnam (Fukuok) and Maldives were better sold, which displaced last year’s favorites – Zanzibar and Dominica. The company notes that expensive exotic tours were more often booked in advance to reduce the cost.

In terms of seasonality, the peak came in the summer: in the summer season of 2025 with Join UP! traveled more than 242 thousand people (+70% to 2024), and the maximum month – July – almost doubled year-on-year to about 67 thousand tourists. The “quietest” month was February – more than 12 thousand tourists.

Reference: Join UP! LLC was founded in 2013, authorized capital – 72.671 million UAH. The ultimate beneficiaries are Yuri and Alexander Alba. The brand operates in eight foreign markets – the Baltic States, Kazakhstan, Moldova, Poland, Romania and the Czech Republic, and is preparing to launch in Slovakia and Hungary.

 

Results of natural gas trading in January 2026

Last month, BETS PE held 118 trading sessions for the purchase and sale of natural gas in the medium and long-term market, as well as 4 trading sessions each day in the short-term market.

BETS formed 301 starting positions in January, February, March 2026, in the GTS and UGS. In total, about 66 million cubic meters of natural gas were sold in the medium and long-term market. In the short-term market, 7.05 million cubic meters of natural gas were sold.

In January, the quoted prices in the mid- and long-term market ranged from UAH 19,312 to UAH 22,640 excluding VAT. There was an upward trend in prices during the second half of the month. The initiators of the auctions formed starting positions mainly for sale.

Last month, deals were concluded in the “Transborder” section on the terms of delivery at a point on the border. The total volume under these agreements amounted to 100.44 thousand mbtu at prices in the range of 34.58 – 35.6 euros.

Natural gas was also sold using differentials from the TTF: 17 million cubic meters at a premium of EUR 7.69-9.62.

On the short-term market, exchange rates fluctuated daily in the range of UAH 19,300-22,296.99 excluding VAT with an upward trend. In addition to the intraday market, deals were concluded on the UEEX day-ahead market with a total volume of 1,351 thousand cubic meters.

“January confirmed the continued high activity on the natural gas market, despite price volatility. Although trading volumes decreased compared to the previous month, participants remain involved in transactions in the medium and short-term segments of the domestic market, unlike in December, when there was more activity in the trade of imported natural gas. The Ukrainian Energy Exchange continues to ensure the stable operation of the trading infrastructure, creating effective conditions for interaction between trading participants,” said UEEX CEO O. Kovalenko.

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President of Montenegro proposed changes to Constitution

According to Serbian Economist, President of Montenegro Jakov Milatovic has sent to the President of Parliament Andrija Mandic a proposal to amend the Constitution to enshrine the general rule on non-working Sundays and days of public and other holidays for employees of the country.

According to the initiative, it is proposed to supplement Article 64 of the Constitution with the provision that employees in Montenegro do not work on Sundays and public holidays provided by law, while the possibility of establishing exceptions by law for certain activities is allowed, when it is necessary to protect the public interest.

In the justification, Milatović pointed out that the Constitutional Court on January 28, 2026 struck down as unconstitutional Article 35a of the Law on Internal Trade, which restricted the work of trade on Sundays and holidays, citing the violation of freedom of enterprise and the principle of equality.

Milatović also emphasized the importance of the trade sector for the country’s economy, noting that it employs almost 20% of workers and generates about 14% of GDP, according to data cited in the document, and workers’ rights should have a predictable legal basis.

https://t.me/relocationrs/2241

 

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IC “Express Insurance” in 2025 has paid out more than UAH 100 mln under compulsory civil liability insurance

IC “Express Insurance” in 2025 settled 2442 insurance events under compulsory insurance of civil liability for a total amount of UAH 102.9 million, which is 42% more than in 2024, according to its website.

It is noted that in the structure of payments during the year were represented both cases of compensation for damage to property, and compensation for harm caused to the health of victims under contracts MTPL.

The company informs that in this reporting period in 59% of cases the registration of the insured event was carried out with the participation of the police, another 41% – through the procedure of “europrotocol”.

Last year, the level of financial obligations under CMTPL insurance is illustrated by the maximum amounts paid out for individual insurance events. The largest payout with the participation of the police amounted to UAH 250 thousand, and in cases formalized by the procedure of “europrotocol” – 186.2 thousand UAH.

It is noted that at the end of 2025, payments under CMTPL insurance were formed in the conditions of growth of settlement volumes and application of various procedures for registration of insurance events.

TDV “Express Insurance” was founded in 2008 with the participation of the leader of the Ukrainian automobile market – “UkrAuto Group”. The company specializes in car insurance. It is represented in more than 60 points of sales throughout Ukraine and has more than 100 partner service stations, the network of which continues to actively expand.

 

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