Business news from Ukraine

Business news from Ukraine

Boryspil Airport Announces Tender for Compulsory Civil Liability Insurance

The state-owned enterprise “Boryspil International Airport” (Kyiv) announced a tender on May 15 for the procurement of compulsory civil liability insurance for owners of land vehicles (OSAGO), according to the Prozorro electronic public procurement system.

The estimated cost of the services is 439,100 UAH. The deadline for submitting bids is June 23.

 

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Aluminum imports to Ukraine rose by 20% in January–May

In January–May 2026, Ukraine increased its imports of aluminum and aluminum products by 20% compared to the same period last year, reaching $247.912 million.

In May, imports of aluminum and aluminum products amounted to $58.220 million.

At the same time, exports of aluminum and aluminum products in January–May of this year rose by 25.3% compared to the same period last year—to $72.393 million. In May, $18.641 million worth of aluminum was exported.

As reported, Ukraine increased imports of aluminum and aluminum products by 15.3% in 2025 compared to 2024, reaching $514.098 million. Exports of aluminum and aluminum products in 2025 rose by 22.9% to $152.919 million.

Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, formability, corrosion resistance, high thermal conductivity, and the non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and for packaging. The first three properties have made aluminum the primary raw material in the aviation and aerospace industries (though it has recently been replaced by composite materials, primarily carbon fiber). After construction and packaging production—aluminum cans and foil—the largest consumer of the metal is the energy sector.

For a more detailed overview of global aluminum production from 1970 to 2024, watch the video on the Experts Club YouTube channel.

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Housing price growth in Greece has slowed after multi-year rally

The Greek real estate market is showing signs of cooling in 2026 following an eight-year period of price growth, according to the Bank of Greece.
According to preliminary data from the Bank of Greece, annual growth in apartment prices in the country slowed to 5.7% in the first quarter of 2026. By comparison, housing prices rose by an average of 8.1% in 2025, and growth stood at 9.1% in 2024.
Despite the slowdown, Greek real estate continues to rise in value and remains one of the most active markets in Southern Europe. Demand is supported by tourism, foreign buyers, the investment residency program, limited supply of quality housing, and economic recovery following the debt crisis.
According to the Greek publication Proto Thema, the market is already showing the first signs of stabilization: sellers are becoming more willing to negotiate, price growth rates are slowing, and in certain segments, owners are adjusting their expectations. In 2026, there was also a slight decline in land prices across the country—by 1.7% year-over-year.
Demand remains strongest in Athens, Thessaloniki, on the islands, and in popular coastal areas. At the same time, the market is becoming more selective: buyers are evaluating location, property condition, rental potential, and renovation costs more carefully.
One factor contributing to the cooling trend is the change in the terms of the “Golden Visa” program. Greece has raised investment thresholds in the most sought-after areas, including Athens, Thessaloniki, Mykonos, Santorini, and islands with a population of over 3,100 people. This has partially reduced demand for standard apartments in expensive locations and increased interest in renovation and redevelopment projects, as well as alternative regions.
At the same time, the market is facing a problem with housing affordability for local residents. Price and rent increases in Athens and other major cities in recent years have outpaced household incomes. Reuters previously noted that the housing shortage in Greece’s major cities is estimated at approximately 180,000 units, while short-term rentals and foreign investment are putting further pressure on the market.
According to Global Property Guide, the market’s recovery began after Greece exited its bailout program and continued following the pandemic, as demand was supported by economic growth, tourism, the return of mortgage lending, and foreign capital.
Foreign buyers remain a key factor in the Greek market. According to RE/MAX Greece, in Attica—including Athens and the Athenian Riviera—Israelis lead the pack among foreign buyers, followed by Turks and Lebanese; there is also a notable presence of buyers from China and Ukraine.
In Thessaloniki, Israelis also rank first among foreign buyers, while the top five includes citizens of Bulgaria, Germany, Turkey, and Albania. In the rest of Greece, Germans constitute the largest group of foreign buyers, followed by Bulgarians and French, as well as buyers from Israel and Turkey.

 

Prices for gold and other precious metals rising steadily on Monday

Prices for gold and other precious metals are rising steadily on Monday amid reports that the U.S. and Iran have reached agreements that will bring an end to hostilities in the Middle East and resume shipping through the Strait of Hormuz.

Representatives of the two countries will sign a memorandum of understanding on June 19 in Switzerland, Pakistani Prime Minister Shahbaz Sharif announced on social media platform X.

U.S. President Donald Trump stated on Sunday that the Strait of Hormuz will be open to shipping and that the U.S. blockade of Iranian ports will be lifted.

Against this backdrop, oil prices are falling, and traders are revising their forecasts regarding the Federal Reserve’s (Fed) future policy. Expectations of a rate hike by the U.S. central bank amid rising inflationary pressures have contributed to the recent decline in the price of gold. The prospect of higher rates traditionally puts pressure on the precious metals market, as investments in these assets do not generate interest income.

The spot price of gold, as of 1:15 p.m. local time, rose 2.8% to $4,338.06 per ounce. August gold futures on the Comex rose 2.9% to $4,360.20 per ounce.

“Market participants are pricing out the likelihood of a Fed rate hike following the decline in oil prices, which is providing support for the precious metal,” notes UBS analyst Giovanni Staunovo.

“In the near term, I expect some consolidation in the market until there is greater clarity on the Fed’s stance later this week,” the expert says.

The next meeting of the U.S. central bank will take place on June 16–17. It will be Kevin Warsh’s first as Fed chair. The consensus forecast by experts, as cited by Trading Economics, predicts that the U.S. central bank will keep its benchmark interest rate in the range of 3.5–3.75%.

The spot price of silver rose 4% during Monday’s trading to $70.66 per ounce, platinum rose 3.3% to $1,774.89 per ounce, and palladium rose 4.8% to $1,344.06 per ounce. Prices for gold and other precious metals are rising steadily on Monday

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Developers and investors will gather in Odessa for Odesa Investment Congress 2026

The Odesa Investment Congress 2026, dedicated to Ukraine’s investment potential and a new regional development strategy, will take place on July 10, 2026, in Odesa, the event organizers announced.

The UBC national-level congress, organized by the DMNTR media group, will be held in Odesa for the first time. SPATIUM Group will serve as the event’s general partner.

The Odesa Investment Congress will bring together developers, investors, architects, urban planners, government officials, representatives of the banking sector, business leaders, brokers, designers, and the international community.

The congress will focus on investment trends for 2027–2030, new regions for development, investment opportunities, project risks and return on investment, the preservation of UNESCO heritage in the context of modern urban development, accessibility, the redevelopment of industrial zones, apart-hotels, a new architectural code, as well as the role of medicine, wellness, and recreational architecture in the economies of Ukrainian cities.

The event program includes four thematic halls, panel discussions, a press conference, a presentation of SPATIUM investment projects, a gala evening, a Fashion Show, and a special Vasyl Kandinsky Award.

A separate program for guests is scheduled for July 9 and 11. It will include visits to construction sites, presentations, and a dinner.

Participants in the event include representatives of the development market and investors from various regions of Ukraine, including SPATIUM, Zezman, Hephaestus, Kreator-Bud, KADORR, SAGA, Aquareli, Two Academics, Stolitsa Group, Sigma+, Vlasne Misto, and other companies.

The organizers note that the goal of the Odesa Investment Congress is to demonstrate how Ukraine is transforming, where investments are flowing, and which regions may become growth hubs in the coming years.

The event will take place on July 10, 2026, at the SPATIUM hotel in Odesa from 8:00 AM to 9:00 PM.

To participate as a VIP guest, speaker, or partner, please call: 044 461 91 28. Detailed information about the congress is available on the website: www.ubc-ua.info/oic.

The event is organized by the DMNTR media group. The general partner is SPATIUM Group.

The Open4Business project is the event’s information partner.

 

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Adidas sports brand has returned to Kharkiv after four-year hiatus

The Adidas sports brand has returned to Kharkiv after a four-year hiatus; a discount store has opened at 199 Heroiv Kharkiva Street, according to a post on LinkedIn by Igor Marinich, CEO of Adidas Ukraine.

“After four years in a ‘frozen’ state since the start of the full-scale war, we are once again opening our doors to all our customers and athletes in our wonderful, athletic, incredibly brave, and Ukrainian city of heroes—Kharkiv!” he wrote.

Marinich also emphasized that the safety of employees and customers remains a key priority for the company.

As reported, in February 2024, Adidas closed all its retail locations in Ukraine due to the security situation, but began restoring the network’s operations as early as July 2022. In Kharkiv, the brand’s stores had previously also operated in the “Karavan” and “Dafi” shopping centers.

In Ukraine, the chain is managed by the state-owned enterprise “Adidas-Ukraine,” which is owned by Adidas AG. According to OpenDataBot, by the end of 2025, the company increased its revenue by 28% to 2,996,893,000 UAH, while net profit halved to 43.310 million UAH in 2025 compared to 94.205 million UAH in 2024.

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