Business news from Ukraine

Business news from Ukraine

Montenegro’s accession to EU could lead to 30–40% increase in housing prices

According to Serbian Economist, Montenegro’s potential accession to the European Union by 2028 could become a new factor driving up real estate prices in the country, especially in the premium segment along the coast.

According to market experts, investors have about two years left to invest in Montenegrin properties before the country’s EU status ultimately locks in higher prices. Over the 20 years of Montenegro’s independence, the average cost of coastal real estate has risen from approximately 1,000 euros per square meter to 8,000–15,000 euros per square meter in premium branded residences.

Ana Zloković, sales director for the Luštica Bay complex, believes that, based on the experience of other countries in the region, potential EU accession could boost Montenegro’s real estate market by another 30% or so. According to her, the mere anticipation of membership is already driving up demand.

Kieran Kelleher, Managing Director of Savills Croatia & Montenegro, offers a more cautious assessment. He anticipates price increases of 30–40% for certain properties but warns that the era when investors could easily double their money in Montenegrin real estate is over. In his view, the market has already factored some of its future potential into current prices.

Experts cite not only the fact of European integration itself but also infrastructure modernization as the main driver of further growth. Montenegro is currently held back by poor roads, outdated airports, and overloaded border crossings, and resolving these issues could take at least five years. Improved transportation access is expected to increase tourist traffic and boost the value of resort real estate.

Analysts identify the “golden triangle” of Kotor–Tivat–Herceg Novi as the most promising area. In the Bay of Kotor, prices in the premium segment range from 4,000 to 15,000 euros per square meter. Stone houses in the Old Town of Kotor, a UNESCO World Heritage Site, are of particular interest: such properties are scarce, suitable for rental, and, according to experts, better protected against depreciation.

On the Budva Riviera, the price range is estimated at 3,000–12,000 euros per square meter; however, experts warn of the risks of market oversaturation and excessive development in Budva. Bar and Ulcinj remain more affordable destinations, with prices around 2,000–5,000 euros per square meter and potentially higher growth rates due to their low starting point.

The factor of European integration for Montenegro has indeed strengthened. According to the Council of the EU, the country applied for membership in 2008, received candidate status in 2010, and accession negotiations began in 2012. All 33 negotiation chapters have already been opened, 16 of which were provisionally closed as of mid-June 2026.

In addition, the 28th Intergovernmental Conference on Montenegro’s accession is scheduled to take place in Brussels on July 14, at which it is planned to provisionally close negotiations on Chapters 8—Competition—and 29—Customs Union. This confirms that Montenegro remains the most advanced candidate for EU accession among the countries of the Western Balkans.

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Ferrous metal exports from Ukraine fell by 3.9% in first half of year

In January–June of this year, Ukraine’s metallurgical enterprises saw a 3.9% decrease in revenue from ferrous metal exports compared to the same period last year—down to $1 billion 478.041 million from $1 billion 538.513 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.02% of total export revenue during this period, compared to 7.68% in January–June 2025.
In June 2026, export revenue totaled $293.644 million, compared to $291.757 million the previous month.

At the same time, Ukraine increased imports of similar products by 4.5% in January–June 2026, to $845.622 million. In June, imports totaled $140.744 million.
In addition, in January–June of this year, Ukraine reduced exports of metal products by 14.8% to $436.062 million. In June, exports of these products totaled $84.777 million.

Imports of metal products during this period rose by 13.6% to $590.757 million. In June, $125.767 million worth of these products were imported.

As previously reported, Ukraine’s metal enterprises increased their revenue from ferrous metal exports by 7.85% in 2025 compared to the previous year, reaching $3,339,487,000. Ferrous metals accounted for 8.25% of total export revenue for the year, compared to 7.42% in 2024. At the same time, Ukraine increased imports of similar products by 12.9% over the year—to $1 billion 669,544 million. In addition, Ukraine reduced exports of metal products by 3%—to $916,151 million. Imports of metal products rose by 24.4%—to $1 billion 290.608 million.

In 2024, metal companies increased their revenue from ferrous metal exports by 16.9% compared to 2023—to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1%—to $1 billion 478.814 million.

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Traffic restrictions are in effect today in downtown Kyiv

Temporary traffic and parking restrictions will be imposed on certain streets in the capital on July 15 in connection with celebrations marking Ukrainian Statehood Day, the Kyiv City State Administration reported, citing the State Security Service of Ukraine.
As noted, vehicle traffic—with the exception of public transportation—will be restricted on a number of streets at various times on July 14 and 15.
Specifically, from 6:00 p.m. on July 14 until 9:00 p.m. on July 15, traffic will be prohibited on Ihorivska Street from Petra Sagaydachnogo Street to Naberezhno-Khreshchatitska Street. From 5:00 a.m. to 1:00 p.m. on July 15, restrictions will be in effect on Velyka Zhytomyrska Street, Mykhailivska Street, Trekhsvyatytelska Street, Volodymyrsky Passage, Mala Zhytomyrska Street, and Alla Tarasova Street.
In addition, from 5:00 a.m. to 9:00 p.m. on July 15, traffic will be restricted on Vokzalna Street from Vokzalna Square to Pavlo Skoropadskyi Street, and from 6:00 p.m. to 8:00 p.m. – on Tsytadelna Street from Leipzigska Street to Ivan Mazepa Street and on Ivan Mazepa Street from Heroes of Kruty Alley to Dobrovolchykh Battalions Street.
Parking will also be prohibited from 6:00 p.m. on July 14 until 9:00 p.m. on July 15 on Vokzalna Street from Vokzalna Square to Pavlo Skoropadskyi Street, and from 6:00 a.m. to 8:00 p.m. on July 15—on Ivan Mazepa Street from Heroes of Kruty Alley to Volunteer Battalions Street.
“In addition, the routes of trolleybuses Nos. 6, 16, and 18 will be changed in the city center on July 15,” according to a statement published on Tuesday.

 

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“V.A.T. – Pryluky” to Pay Shareholder 52 Mln Hryvnia in Dividends

PJSC “Tobacco Company V.A.T. – Pryluky” (Chernihiv Oblast), a subsidiary of the international British American Tobacco (BAT), will pay 52 million hryvnias in dividends to a shareholder between July 14 and July 31 of this year.

According to the company’s filing with the National Securities and Stock Market Commission (NSSMC) disclosure system, the shareholder approved the decision on July 14.
The dividends will be paid in U.S. dollars directly to the shareholder via a bank transfer. According to the NSSMC, 100% of the company’s shares are owned by Precis (1814) Limited.

According to information in the disclosure system, the company continues its regular practice of paying dividends. Specifically, in 2026, on June 18, the shareholder decided to pay 54 million UAH in dividends from June 18 to 30; on May 19, to pay 52 million UAH from May 19 to 31; on April 9, to pay the same amount of dividends from April 9 to 30; in March, the same amount from March 17 to 31, and similarly in February and January. At the same time, the total amount of dividends to be paid this year has not been specified.

As previously reported, the National Bank of Ukraine has limited the transfer of dividends abroad to no more than EUR1 million per month.
According to the company’s information, “V.A.T. Pryluky” is one of the largest manufacturers and exporters of tobacco products in Ukraine, producing cigarettes under international brands and the national brand “Pryluky,” as well as TVEN.

According to the company’s annual report filed with the NSSMC’s disclosure system, in 2025 it saw its net profit decline by 37.3% compared to 2024—to 413.6 million UAH—amid an 11.8% decrease in net revenue to 5.04 billion UAH. Retained earnings amounted to 4.9 billion UAH.
The company produced more than 8 billion filtered cigarettes worth 2.95 billion UAH, 729 million TVEN units worth 422 million UAH, and nearly 3 billion filters worth 742.5 million UAH.

Average selling prices were 423.71 UAH per 1,000 cigarettes and 652.4 UAH per 1,000 TVEN units. Export volume totaled 0.95 billion UAH, or approximately 1.84 billion cigarettes. The main customer is “BAT Sales and Marketing Ukraine.”

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“Nova Poshta” Increased Revenue by 32% in First Half of Year

Nova Poshta, Ukraine’s leading express delivery service and part of the Nova Group, increased its revenue by 32% in the first half of 2026 compared to the same period in 2025—reaching 32.5 billion UAH—while growth in the first half of last year stood at 23%.

According to a press release issued by the group on Tuesday, over the first six months of this year, it increased the volume of processed shipments by 11.5% compared to the same period in 2025: the volume of delivered packages and cargo totaled 254.4 million, including 17.9 million international shipments.
“In the first six months of the year, Nova Poshta expanded its network by 5,242 new service points: 1,362 branches were opened and 3,880 new parcel lockers were installed,” the press release states.

Last year, based on the results of the first half of 2025, Nova reported 238 million parcels and shipments delivered, including 5.9 million international ones, the opening of 708 branches, and more than 4,000 parcel lockers.
The company noted that this year its network has expanded throughout Ukraine, including in frontline territories, where 748 new service points were opened.

“Currently (as of July 13, 2026), the Nova Poshta network comprises 54,700 service points: 16,765 branches and 37,935 parcel lockers throughout Ukraine,” the press release states.
According to the release, the company is also continuing to expand its network of self-service branches, where customers can pick up packages without waiting in line or interacting with an operator. Currently, there are four such branches operating in Ukraine: in Kyiv, Irpin, and Vinnytsia.

It is also noted that Nova Post has continued to scale up and expand: during the first half of the year, 239 new service points were opened in Europe, bringing the total number of Nova Post’s own service points abroad to more than 950. Moldova—with 112 new service points—and Poland—with 80—led the way in terms of expansion in the first half of the year. Additionally, five Nova Post partner pickup points opened in New York in June.

Furthermore, the group noted that amid a full-scale war, it continues not only to develop its infrastructure but also to restore it after damage: since the start of the full-scale invasion, the estimated cost of restoring the group’s property damaged by enemy attacks or as a result of hostilities has exceeded 2.1 billion hryvnias. Throughout the entire period of the full-scale war, Nova Poshta has paid 194 million hryvnias in compensation for damaged or destroyed shipments.

It is also noted that despite enemy attacks, Nova continues to invest in development in Ukraine: in the first six months of 2026, capital investments exceeded 1.5 billion UAH, while last year the group reported 1.9 billion UAH in capital investments for the first half of the year. These funds were allocated to network expansion, enhanced security, fleet modernization, energy independence initiatives, and digital solutions that improve the customer experience.

According to the press release, over the first six months of this year, Nova Group companies paid 9.8 billion UAH in taxes and fees to the Ukrainian budget—a 25% increase compared to the first half of 2025—and donated 950 million UAH to charity, with total charitable contributions exceeding 7.5 billion UAH since the start of the full-scale invasion.
The group specified that as part of the “Nova Poshta Humanitarian” program, over 1.1 million humanitarian shipments were delivered in the first six months of this year—that is, 27,400 metric tons of aid, equivalent to 1,370 trucks, and since the start of the full-scale invasion, this figure has exceeded 7 million shipments.

As previously reported, in 2025, “Nova Poshta” increased its revenue by 21.6% compared to 2024—to 54.2 billion UAH—while net profit rose by 4.4%—to 2.6 billion UAH.
The number of parcels and shipments delivered last year increased by 7.4%—from 486 million to 522 million—including international shipments, which rose by 52.6%, from 19 million to 29 million.

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“Energoatom” Paid 131.1 Bln UAH in Special Obligations for First Half of Year

JSC “NAEK “Energoatom” has fully fulfilled its special obligations to ensure the availability of electricity for residential consumers (PSO), aimed at making it more affordable, by covering 100% of the cost of the service for the first half of 2026, amounting to 131.116 billion UAH (including VAT), the company reported on Tuesday.

“The company continues to bear the main financial burden of ensuring the PSO mechanism. Thanks to Energoatom’s contributions, the state maintains electricity rates for millions of Ukrainian families at a level below market rates,” NAEK noted.

Currently, Energoatom has no outstanding debt to JSC “Guaranteed Buyer” for the PSO service.

In total, during the years of Russia’s full-scale war against Ukraine—from 2022 to 2025—Energoatom paid over 528.900 billion UAH (including VAT) for the PSO service.

As previously reported, in 2025, Energoatom paid 168.546 billion UAH for the PSO and transferred over 44.5 billion UAH to the state budget.

The Cabinet of Ministers of Ukraine, by Order No. 399-r dated April 29, 2026, “On the Annual General Meeting of JSC NAEK ‘Energoatom,’” approved a net profit of 18,688,306,075 UAH, in accordance with the company’s consolidated financial statements for 2025. The government allocated 50% of the profit, amounting to 9,344,153,037.5 UAH, to the payment of dividends to the state budget.

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