Business news from Ukraine

Business news from Ukraine

Real GDP in 2021-2025 (forecast)

Real GDP in 2021-2025 (forecast)

Pentagon Has Declassified Documents on UFOs

On Friday, the U.S. Department of Defense announced the initial release of new, previously unpublished files concerning unidentified anomalous phenomena (UAP).

This interagency effort involved the White House, the Office of the Director of National Intelligence, the Department of Energy, the FBI, NASA, and other U.S. agencies.

The materials are available on the website WAR.GOV/UFO, and additional new files will be released by the Pentagon on an ongoing basis, the statement noted.

“This release is the result of President Donald Trump’s directive to begin the process of identifying and declassifying government files related to UAPs in the interest of ensuring full transparency. No other president or administration in history has provided this level of transparency regarding UAPs,” the department stated.

The Pentagon reported that Americans can now instantly access declassified federal government files related to UFOs.

It is noted, however, that while all files have been vetted for security purposes, many materials have not yet been analyzed to identify any anomalies.

“The Department of Defense is working closely with President Trump to ensure unprecedented transparency regarding our government’s understanding of unidentified anomalous phenomena,” said U.S. Secretary of Defense Pete Hegset. “These files, hidden among classified documents, have long fueled legitimate speculation; it is time for the American people to see them with their own eyes.”

“Today’s release is the first in an ongoing joint effort to declassify and publish these materials,” said Director of National Intelligence Tulsi Gabbard, adding that the American people have long sought transparency regarding what the government knows about unidentified anomalous phenomena.

FBI Director Kash Patel, for his part, stated that his agency “remains committed to supporting this ongoing declassification work with the same diligence and integrity we apply to all matters of national security.”

NASA Administrator Jared Isaacman also welcomed Trump’s efforts to ensure greater transparency regarding unidentified anomalous phenomena. “Our mission at NASA is to engage the brightest minds and the most advanced scientific instruments, track the data, and share what we learn. We will be candid about what we know, what we still need to understand, and what remains to be discovered. Exploration and the pursuit of knowledge are at the heart of NASA’s mission as we strive to unravel the mysteries of the universe,” he said.

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Hungary’s real estate market may once again attract foreign investors

According to Serbian Economist, after several years of low activity among foreign buyers, Hungary’s real estate market may be entering a phase of renewed interest from foreign capital.

According to experts, the Hungarian market has long been operating below its potential: after four years of stagnation, foreign investors have largely ceded ground to domestic buyers. Now analysts expect that a combination of political changes, potential reforms, and pent-up demand could bring Hungary back into the spotlight for international investors.

An additional factor is the expectation of an improved investment climate and the potential release of European funding. Property Forum notes that market participants are discussing a “restart” of the Hungarian real estate market following the April 2026 elections, with macroeconomic stability, regulation, and the willingness of institutional investors to return to the country remaining key issues.

At the same time, the market has already gone through a period of significant price growth. According to Global Property Guide, citing the Hungarian National Bank’s housing price index, housing in Hungary rose by 21.29% year-over-year in the third quarter of 2025, or by 16.29% in real terms, indicating strong price momentum even before the full return of foreign demand.

In 2026, the market appears more balanced. According to data from Duna House cited by International Investment, approximately 78% of transactions are concluded below the initial asking price, indicating a strengthening of buyers’ bargaining power and the market’s transition from overheating to a more stable phase.

Budapest remains the main center of interest. The capital combines high rental demand, developed infrastructure, tourist traffic, and its status as the country’s business hub. However, it is in Budapest that authorities are also discussing restrictions on short-term rentals: earlier, one of the city’s central districts voted to ban short-term rentals starting in 2026, which could alter the investment model for some buyers.

For foreign investors, Hungary retains several advantages: prices are lower than in most Western European capitals, the market is part of the EU, and the weakening of the forint may make purchases more attractive to buyers with capital in euros or dollars. At the same time, the risks remain significant: rental regulations, high inflation in recent years, political uncertainty, and the market’s dependence on state support and credit conditions.

The return of foreign capital could support prices, especially in Budapest and other liquid locations. However, for local buyers, this could exacerbate the housing affordability problem, which has already become one of the key social issues in Hungary. The government has previously launched first-home support programs, including subsidized loans at 3% for up to 25 years, to help young buyers enter the market.

Thus, the Hungarian real estate market enters 2026 in a mixed state: prices have already risen significantly, demand has become more cautious, but expectations of political and economic changes may once again attract foreign investors. For the market, this means a likely uptick in transactions, and for buyers—the need to more carefully evaluate location, rental models, and regulatory risks.

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Sixth “Food Business” conference will take place in May

If product quality and food safety are your area of responsibility, then May 28–29 is your event.

For the sixth year in a row, the “Food Business” conference brings together those who are responsible for quality and safety at Ukrainian food companies on a daily basis—those who implement standards, make tough decisions, and ensure that Ukrainian products can compete effectively on international shelves.

What’s in store for you?

Day 1 – panel discussions and case studies from quality directors at leading food market companies: Askania Beverage, Rud JSC, Pripravka, Kyiv BKK, ECO MARKET, and others.

Current topics that are already shaping the future of the industry:

  • New FSSC 22000 v7 requirements and adapting to them
  • HACCP: Is the Ukrainian model truly outdated?
  • Fines for labeling violations from the AMCU and the State Service of Ukraine for Food Safety and Consumer Protection – how to avoid ending up on this list
  • Counterfeiting 2.0 and VACCP in wartime conditions
  • How to prevent an innovative product from becoming a costly mistake
  • ESG in agri-food production: a partner requirement or a real advantage?

Day 2 – Industrial Visit: a trip to a food processing plant, a live “expert-to-expert” exchange of experiences, and lunch among like-minded professionals.

Networking with colleagues from across Ukraine—auditors, technologists, quality department managers, suppliers, and retailers.

The event is organized by the professional e-magazine “Quality Management”.

Registration is open: https://www.events.techmedia.com.ua/foodbusiness26

0 800 215 522 | sales@techmedia.com.ua

Open4business is the event’s media partner.

Hnizdychiv Distillery was sold at auction for 3.7 mln hryvnias

The single property complex (SPC) “Gnizdychiv State Distillery” (Lviv region), which has been inactive since 2010, was sold at auction for 3.7 million UAH (excluding VAT), according to the “Prozorro.Sales” system based on the results of the auction on May 6.

The winner of the auction was Tradex Agri LLC (Zdolbuniv, Rivne region), whose bid exceeded the starting price of 3.26 million UAH by 13.5%. Another auction participant—Lviv-based ADR-Trans-Group LLC—offered 3.4 million UAH for the asset. The lot price, including VAT, amounted to 4.44 million UAH.

According to the terms of sale, the buyer is obligated to repay the company’s debt within six months, which stood at 1.68 million UAH as of the end of 2025.

The privatization object, with a total area of 4,005.5 square meters, includes an administrative building, production facilities, substations, as well as an unfinished mill, a bakery, and a store that is 45% complete. The plant is located on a plot of over 9 hectares in the village of Hnizdychiv (Stryi District); however, the land is not included in the sale and requires a separate lease agreement. As of the end of 2025, the company had only one employee.

According to YouControl, Tradex Agri LLC was registered in 2016 and is part of the Tradex Agri Group, whose beneficiaries are Volodymyr Metkyi and Roman Yanchuk. The group specializes in growing grain and oilseed crops, trading, and dairy farming.

The auction was organized by the regional branch of the State Property Fund of Ukraine for the Lviv, Zakarpattia, and Volyn regions.

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Vodafone Ukraine has announced new buyback of Eurobonds worth $1.17 mln

Vodafone Ukraine (VFU), Ukraine’s second-largest mobile operator, which has repurchased approximately $24.4 million worth of its own Eurobonds since late May of last year following several offers related to dividend payments, has announced another similar tender at 98% of par value for a total of $1.17 million.

As noted in a statement on the Irish Stock Exchange, the company previously made another monthly dividend payment on May 5 in the amount of 60.18 million UAH.

Applications to participate in the tender are being accepted through May 19, and settlements are scheduled for May 26.

Bonds maturing in February 2027 with a coupon rate of 9.625% per annum were issued for $300 million. Their redemption is related to the fact that on April 24, 2025, VFU announced the accrual of dividends to its shareholder in the amount of UAH 660.245 million ($15.9 million at the exchange rate specified in the announcement) for 2024. In accordance with National Bank restrictions, these dividends will be paid in separate monthly installments in hryvnia equivalent to EUR1 million. The company emphasized that under the terms of the bond issue, in such a case it must offer all bondholders the opportunity to submit an application to sell their bonds for an amount equal to the dividends paid outside Ukraine.

In the first two tenders, mobile operator “Vodafone Ukraine” repurchased bonds in an amount equivalent to EUR1 million. The initial repurchase was announced at 99% of par value, the second at 90% of par value. The company did not announce the results of the second buyback on the exchange, while the bid-to-cover ratio for the first buyback was 0.0040355668.

Following the third tender, where the buyback price was reduced to 85% of par value and the offer was capped at $4.67 million, “Vodafone Ukraine” received bids totaling $53.395 million and satisfied them in the amount of $5.208 million. The scaling factor was 0.1315451889487317.

The fourth tender was announced on August 13 but was subsequently extended seven times. As a result, the redemption price was increased from 85% to 98%, and the redemption amount to $10.84 million. The company received bids totaling $127.14 million for this amount. Some of the bonds were returned to their holders due to the inability to split the face value, while the rest were accepted with a scaling factor of 0.1150681.

In the fifth through ninth bond buyback tenders held from December to April, the price was again 98%: in the fifth tender, with bids totaling $1.165 million, the scaling factor was set at 0.01901; in the sixth tender, with bids totaling $1.475 million – 0.04234; in the seventh, with bids of $1.185 million – 0.3246; in the eighth, with bids of $1.18 million – 0.0333333; and in the ninth, with bids of $1.16 million – 0.449.

Overall, based on the results of the nine tenders, the total nominal value of bonds remaining in circulation is $275.64 million.

As reported, mobile operator VFU increased its revenue by 14% in 2025 compared to the previous year—to 27.8 billion UAH—while its net profit rose by 18%—to 4.18 billion UAH.

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