Business news from Ukraine

Business news from Ukraine

Alcohol consumption may be associated with mortality risk in different ways depending on type of beverage, according to study

Low and moderate alcohol consumption may correlate differently with mortality risk depending on the type of beverage: in a large observational study, moderate wine consumption was associated with a lower risk of death from cardiovascular disease, whereas even low consumption of beer, cider, or spirits was associated with a higher risk. These findings will be presented at the American College of Cardiology (ACC) Annual Scientific Session in New Orleans on March 28.

The study included 340,924 adult participants in the UK Biobank from 2006 to 2022. The authors analyzed alcohol consumption habits and subsequent mortality rates, dividing participants into groups based on their intake of pure alcohol. As a reference, the researchers noted that a standard 12-ounce can of beer, a 5-ounce glass of wine, and a 1.5-ounce serving of spirits contain approximately 14 grams of pure alcohol.

According to the results, compared to those who never drank or drank only occasionally, people with high alcohol consumption had a 24% higher risk of death from any cause, a 36% higher risk of death from cancer, and a 14% higher risk of death from heart disease. Among light and moderate drinkers, differences by beverage type were more pronounced: consumption of spirits, beer, or cider was associated with a statistically significant higher risk of death, whereas a similar level of wine consumption was associated with a lower risk.

Specifically regarding cardiovascular mortality, the researchers found that among moderate wine drinkers, the risk of death from cardiovascular disease was 21% lower than among those who did not drink or drank only occasionally. At the same time, even low consumption of spirits, beer, or cider was associated with a 9% increase in the risk of death from cardiovascular causes compared to the group of never or occasional drinkers.

The authors believe that the differences may be related not only to the beverage itself but also to the manner of consumption. Wine is more often consumed with meals and by people with a higher-quality diet and generally healthier lifestyles, whereas beer, cider, and spirits are more often consumed outside of meals and are associated with a lower-quality diet and other risk factors. The researchers also mention the possible role of polyphenols and antioxidants found, in particular, in red wine.

At the same time, the authors emphasize that this is an observational study and therefore shows correlations rather than proving a causal relationship. Alcohol consumption was assessed based on participants’ self-reports at the start of the study and did not reflect possible changes in habits over time. Additionally, UK Biobank participants are, on average, healthier than the general population, which may limit the generalizability of the findings to the entire population.

Thus, the presented data support the general conclusion of recent years that lower alcohol consumption is generally better for health, but within the low-to-moderate drinking group, risks may vary depending on the type of beverage and accompanying lifestyle. The authors believe that high-quality randomized trials will be needed in the future to better understand the differences between beverages.

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Airbnb hosts in Albania earned record €40 mln

Revenues for Airbnb hosts in Albania reached a record €40 million in 2024, confirming the continued growth of the short-term rental market in the country. This was reported by the Albanian General Directorate of Taxes, whose data is cited by Albanian media.

According to the tax administration, from January to December 2024, more than 8,472 individuals and companies operated through the Airbnb platform in Albania, and the total volume of bookings amounted to 3.816 billion lek, equivalent to approximately 40 million euros. Commissions paid to the platform itself amounted to 167.6 million lek, or about 1.7 million euros.

Against this backdrop, tax authorities reminded property owners of the need to declare their income through the DIVA system. A 15% tax rate applies to such income, and the deadline for filing the declaration is set for March 31, 2026. The tax service separately emphasized that it already has data on bookings and income received directly from Airbnb, so failure to declare could lead to audits and fines.

The growth in Airbnb income reflects a broader trend of residential real estate in Albania becoming an investment asset, particularly in coastal cities and tourist destinations. Against this backdrop, the short-term rental market is becoming an increasingly significant part of the country’s tourism economy and, at the same time, the subject of heightened tax scrutiny.

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Odessa Film Studio to Discuss Development Plans at Virtual Meeting

According to Fixygen, Odessa Film Studio (OJSC) will hold a shareholders’ meeting on March 31, 2026, in a virtual format. Shareholders will review the company’s performance and future plans.

Odessa Film Studio is one of Ukraine’s oldest film production facilities, having played a significant role in the development of cinema since the Soviet era. Today, the company operates in content production and post-production, and also participates in cultural and creative projects.

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Rise in house prices in Bulgaria has slowed

An analysis of the Bulgarian real estate market conducted by the Open4business portal showed that the growth in housing prices in Bulgaria has slowed, but foreign demand remains significant.

The pace of housing price growth in Bulgaria began to slow after a very strong surge throughout 2025, although the market itself remains in a growth phase. According to data from the National Statistical Institute of Bulgaria (NSI), housing prices rose by 15.1% year-over-year in the first quarter of 2025, by 15.5% in the second quarter, and by 15.4% in the third quarter, indicating that the rate of price increases remains high but is no longer accelerating.

An additional factor driving growth in 2025 was the expectation of Bulgaria’s transition to the euro on January 1, 2026. As early as the end of 2025, Bulgarian media and market participants explicitly noted that some buyers were expediting their decisions specifically in anticipation of the currency change, which spurred activity in the housing market.

Foreigners continue to play a significant role in the Bulgarian real estate market, particularly in resort and coastal locations. However, it is important to note that complete official Bulgarian government statistics on homebuyers by citizenship for 2025–2026 are not publicly available. The most frequently cited recent breakdown of foreign demand is based on data from the Bulgarian Real Estate Association and market surveys. According to these estimates, in 2024–2025, the most active foreign buyers included citizens of the United Kingdom, Germany, Greece, Israel, Romania, Turkey, Italy, Russia, Ukraine, and Poland.

According to the same market data, Ukrainians rank among the top 10 foreign homebuyers in Bulgaria. Their demand is driven both by relocation due to the war and by investment interest, primarily in properties on the Black Sea coast and in tourist regions. Among the most sought-after destinations are Varna, Burgas, Nessebar, as well as the mountain resorts of Bansko and Pamporovo.

The market continues to be supported by a price base that is relatively low by EU standards. Even after the recent growth, Bulgaria remains one of the most affordable housing markets in the European Union, which continues to attract foreign capital and sustain demand for apartments both for personal use and for rental purposes.

In the near term, the most likely scenario appears to be a further slowdown in price growth rather than a sharp decline. While the market grew at double-digit rates in 2025, a transition to moderate growth—roughly in the range of 5–7% per year—seems more realistic for 2026. This forecast is based on the already noticeable slowdown in growth rates, the high-base effect, and the fact that the euro has already been introduced and a significant portion of speculative demand was likely realized in advance.

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Posting hyperlink on website does not imply dissemination of all information or liability — Supreme Court

Posting a hyperlink to another media outlet’s publication does not in itself imply dissemination of all information or automatic liability for disseminating false information, the Supreme Court notes.

“Material made public by placing a hyperlink to another media outlet’s publication and a brief summary thereof does not imply automatic liability for the entire content of the original source,” reads a statement on the Supreme Court’s website on Friday, citing the opinion of the panel of judges of the Cassation Commercial Court within the Supreme Court (CCC of the Supreme Court).

According to the Court, the proper defendants in cases concerning the protection of business reputation involving the dissemination of information on the Internet are the author of the material and the owner of the website on which the material is posted.

“It is the plaintiff who must determine the proper circle of defendants, taking into account the legal nature of the disputed legal relationship and the nature of the dissemination of information,” the statement notes.

The Court explains that a limited liability company (LLC) filed a lawsuit against another company regarding the protection of business reputation.

“The lawsuit was based on the fact that the defendant’s website featured a summary of a journalistic investigation and a hyperlink to a publication released by another media outlet, which, in the plaintiff’s opinion, led to the dissemination of false information,” the Court clarifies regarding the essence of the case considered by the Grand Chamber of the Supreme Court of Ukraine.

The Commercial Court, in a decision upheld by the ruling of the Commercial Court of Appeal, granted the claim.

“The courts concluded that the defendant had disseminated information belonging to the plaintiff, that the information was inaccurate, and that it had damaged the plaintiff’s business reputation. Disagreeing with these decisions, the defendant LLC filed a cassation appeal,” the Supreme Court notes.

In reviewing the case, the Grand Chamber of the Supreme Court noted that the mere fact of posting a hyperlink does not imply assuming responsibility for the full content of a third party’s publication.

“The Supreme Court noted that a hyperlink is a technical means of referring to another resource and is not equivalent to the independent dissemination of the entire content of such a resource. Liability is possible only to the extent that the information was directly reproduced or presented by the defendant as its own message,” the statement reads.

In addition, the Grand Chamber of the Supreme Court emphasized the need to distinguish between factual statements and evaluative judgments, as well as to determine whether the plaintiff has proven the inaccuracy of the specific information disseminated by the defendant.

The Supreme Court also emphasized the importance of determining the actual scope of information dissemination by a specific defendant and not holding them liable for the entire content of a third party’s material solely because of the presence of a hyperlink.

“The Grand Chamber of the Supreme Court of Ukraine noted that the proper defendants in cases involving the dissemination of information on the internet are the author of the material and the owner of the website on which it is posted. If the author is known, it is he who must be involved in the case,” the Court stated.

Based on the results of the cassation review, the Grand Chamber of the Supreme Court concluded that the findings of the lower courts regarding the defendant’s liability and the completeness of establishing the legal elements of the offense were premature.

Source: https://so.supreme.court.gov.ua/news/2063/rozmish% D1%81hennia-hiperposylannia-na-publikatsiiu-inshoho-media-same-po-sobi-ne-svidchyt -regarding-the-dissemination-of-all-information-and-automatic-liability-for-the-dissemination-of-unreliable-information-% E2%80%93-khs-vs

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Kharkiv-based “Svitlo Shakhtaria” plant will not distribute its 2025 profits

JSC “Kharkiv Machine-Building Plant ”Svitlo Shakhtaria,” which is part of DTEK Energy’s machine-building assets, plans not to distribute the profit earned in 2025, according to information included in the agenda for the company’s general meeting of shareholders on April 27, published in the NSSMC’s information disclosure system.

“The profit earned based on the company’s performance in 2025 shall not be distributed,” states the draft resolution on this matter.

As previously reported, the shareholders also decided not to distribute the profit for 2024.

The amount of net profit earned by the company in 2025 is not specified in the notice; however, according to data from the YouControl project, it amounted to UAH 89.57 million—5.3 times less than the 2024 figure.

Retained earnings as of the beginning of this year amounted to UAH 575 million.

At the meeting, shareholders plan, in particular, to appoint Standard-Audit LLC as the auditor of the financial statements for 2026 and 2027 and to set the cost of its services at no more than UAH 169,500 per year (excluding VAT).

The plant’s main specialization includes scraper conveyors, loaders, coal mining combines, and underground transformer substations.

According to YouControl, the plant’s revenue decreased by 17.6% last year compared to 2024, down to UAH 1.57 billion.

“DTEK Energo” is an operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s “DTEK” holding.

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