Business news from Ukraine

Business news from Ukraine

Alliance Novobud development company continued active work on its projects in October

In October 2025, the Alliance Novobud development company continued active construction work on the Montreal House project in Kyiv and the Krona Park II and Lesovy Kvartal residential complexes in Brovary (Kyiv region), according to a report on construction progress on the company’s website.

According to the information, in the capital’s Montreal House project (102 Bolshaya Vasylkivska Street/83 Antonovycha Street), plastering work and the installation of cement screed on standard floors and in common areas, as well as facade insulation, continued in blocks 1 and 2 in October. In block 3, electrical cables were laid along the risers of “cold passages” and stairwells. In block 4, the installation of translucent aluminum structures continued (65% complete) and cables were laid along the risers and stairwells.

At the Montreal House parking lot, the waterproofing of the upper slab in the inner courtyard area has been completed, the installation of storm sewer pipes is continuing, and the waterproofing of the stylobate slab on the side of Bolshaya Vasilkovskaya Street has begun. The tower crane has also been dismantled to carry out the next set of works, and a metal frame for the entrance canopy on the side of Antonovycha Street has been installed.

At the Krona Park II residential complex (Brovary, Vasyl Simonenko Street, 32), the insulation of the basement walls was completed in October in building 5, backfilling of the foundation cavities continues, roofing work and installation of PVC windows are underway (windows have been installed from the 2nd to the 10th floors, with work continuing on the 11th and 12th floors). In building 8, the installation of internal water supply and heating engineering networks has begun, the installation of internal power supply and lighting networks is continuing, connection to external heat and water supply networks is being carried out, as well as facade work: section No. 1 is 95% complete, section No. 2 is 75% complete, and section 3 is 45% complete.

In building 9 of Krona Park II, the finishing touches are being made to the common areas and the landscaping of the surrounding area, commissioning work is underway, and the preparation of the documentation package for the completion certificate has begun. In building 10, finishing work has begun in common areas and apartments, and the installation of internal plumbing, electrical, and lighting networks is continuing. In building 12, roofing work has been completed in sections 1 and 2, and the installation of PVC windows is continuing (installed up to the 9th floor of section 1, work is underway on the 10th and 11th floors). In buildings 14 and 16, the pile field has been completed, with 100% of the bored piles installed.

At the Lesovy Kvartal site, building No. 16 (Brovary, V. Chornovola Street), vertical monolithic structures were erected in sections 2.2, 2.1, and 1 in October, and work began on the construction of brick walls.
The company specifies that work on the sites in Kyiv and Brovary is at different stages – from the pile field and monolith to the finishing touches and preparation for commissioning, while the developer is keeping to the schedule and continuing to move the projects towards completion in stages.

Alliance Novobud is a development company that has been operating in the residential real estate market of Kyiv and the Kyiv region for over 18 years. The developer specializes in comfort+ and business-class projects, with key projects including Montreal House and Illinsky House in Kyiv, as well as Krona Park II, Lesovy Kvartal, Zeleny Kvartal, Madison Gardens, and Lavandovy in Brovary.

According to industry ratings, Alliance Novobud was among the top 20 largest developers in Kyiv and the region in terms of the number of apartments completed in 2024 (481 apartments in five buildings, with a market share of about 2.2%). The company is a winner of the UKRAINIAN SPECIAL BUILDING AWARDS IBUILD and Business of the Year professional awards, and was named “Developer of the Year” and “Residential Complex of the Year” for the Montreal House and Krona Park II projects.

 

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Yuzhkoks increased its losses by 4.6 times in nine months

According to the results for January-September of this year, PJSC Yuzhkox (Kamensk, Dnipropetrovsk region) increased its net loss by 4.6 times compared to the same period last year, from UAH 98.684 million to UAH 457.760 million.

According to the company’s interim report, which is available to Interfax-Ukraine, revenue for this period decreased by 12.6% to UAH 6 billion 634.975 million.

In the third quarter of 2025, the loss amounted to UAH 97.327 million, and revenue amounted to UAH 2 billion 94.168 million.

The company’s uncovered loss at the end of September 2025 amounted to UAH 9.127 million.

As reported, Yuzhkoks increased its net loss by 4.7 times compared to the previous year, to UAH 272.925 million from UAH 58 million 25.2 thousand, based on the results of 2024.

YuzhKoks ended 2022 with a net loss of UAH 1 billion 206.942 million, compared to a net profit of UAH 1 billion 292.672 million in 2021.

According to the NDU data for the third quarter of 2025, Dashuria Ltd. (Cyprus) owns 94.9565% of the company’s shares.

The authorized capital of PJSC Yuzhkoks is UAH 171.918 million, and the nominal value of a share is UAH 0.25.

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Austrian Unica has reduced insurance payments in Ukraine by 5% in October

Insurance company “Unica” (Kiev), in October this year paid out UAH 187.2 mln of insurance indemnities, which is 5.3% less than in October last year (UAH 197.7 mln). According to the company’s website, the total amount of insurance payments under auto insurance contracts amounted to UAH 73.6 mln (-0.8%), of which UAH 51.83 mln under CASCO (-7.3%) and UAH 21.41 mln under CMTPL (+17%).

The total amount of payments under contracts of voluntary medical insurance amounted to UAH 80,47 mln, which is almost the same as last year’s similar indicator, payments under property insurance – UAH 6,23 mln, other types of insurance (including life insurance) – UAH 26,91 mln.

UNIQA Group (Austria) entered the Ukrainian market in 2006. Its companies in Ukraine “Unica” and “Unica Life” with central offices offer most types of risk and life insurance.

 

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Ukrainians among top 10 foreign buyers of real estate in Bulgaria

Citizens of Ukraine and Russia are among the top ten foreign buyers of housing in Bulgaria in 2024–2025, according to a study by the Experts Club analytical center and data from the Bulgarian Real Estate Association.

According to the study, the top 10 countries whose citizens are most active in buying real estate in Bulgaria are: Great Britain, Germany, Greece, Israel, Romania, Turkey, Italy, Russia, Ukraine, and Poland.

Foreigners account for a significant share of transactions in the housing market. According to one international analytical resource, the number of foreign buyers of residential real estate in Bulgaria in 2024-2025 has increased by approximately 18%, and the overall market is showing steady price growth. According to local experts, the percentage of foreigners in some coastal projects may reach 30% of the total number of buyers.

Foreign buyers are most interested in properties on the Black Sea coast – in Varna, Burgas, and Nessebar – as well as in the mountain resorts of Bansko and Pamporovo, where real estate is considered both for personal use and as an investment for rental.

Analysts note that Ukrainians have firmly established themselves in the top 10 due to a combination of relocation and investment demand: some buyers view Bulgaria as a safe EU jurisdiction during the war, while others see it as an opportunity to earn income from renting out property in tourist regions.

The growth in foreign demand is supporting price increases: over the past year, the cost of housing in Bulgarian seaside resorts has risen by an average of 8-10%, and in Sofia by 7-10%.

At the same time, according to estimates by the European Commission and a number of analytical reviews, housing in Bulgaria in 2025 is overvalued by approximately 10-15% relative to fundamental indicators, but experts are not yet talking about a critical “bubble” in the market.

In the next 2–3 years, Experts Club analysts expect foreigners to keep showing interest in Bulgarian real estate, but with a change in the demand structure: they estimate that the share of buyers from the EU, Ukraine, and Israel will grow, while the role of Russian buyers in new deals may continue to decline amid sanctions and capital movement restrictions.

According to data from the National Statistical Institute of Bulgaria and international reviews, in the second half of 2024, housing prices in the country rose by 15% year-on-year and by 87% compared to 2015. At the same time, the average price per square meter in the country remains significantly lower than in most EU countries, making Bulgaria one of the most affordable real estate markets in the Union for foreign investors.

Russian citizens traditionally account for a significant share of owners, especially on the coast. According to Bulgarian sources, in the Burgas region alone, more than 5,200 properties owned by Russians are officially registered, while across the country as a whole, there are several tens of thousands of properties. At the same time, in recent years, the share of new purchases by Russians has been declining, and some of the properties are being put on the market and bought by Bulgarian and Western European buyers.

Source: https://expertsclub.eu/rynok-zhytla-bolgariyi-analiz-vid-experts-club/

 

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5th Ukrainian Construction Congress will take place on November 21 in Kyiv

On November 21, the 5th Ukrainian Construction Congress, organized by the DMNTR media group, will take place in Kyiv. The event will take place at the Parkovy Conference and Exhibition Center (16A Parkova Road, 3rd floor) from 9:00 a.m. to 10:00 p.m.

According to the organizers, more than 6,000 guests and over 100 media representatives from Ukraine are expected to attend.

Theme and key areas

The main theme of the congress is “The Evolution of the Developer. Driving Factors.” The program of the event includes the following sections:

The Evolution of the Developer: Me, You, and Society;

– Competitive Advantages and Changes in Market Requirements;

– Resource Potential of Developers;

– Reputation as a strategic asset;

– Real estate market outlook for 2026;

– Leadership qualities in the construction industry.

Purpose and audience

The congress is aimed at developers, construction companies, architects, investors, government officials, and representatives of medium and large businesses.

“The event will allow participants to exchange experiences, discuss industry trends, and form strategic conclusions for 2026,” the organizers note.

Partners and media support

The event’s partners include leading companies in the construction sector: Kreator-Bud, Intergalbud, RIEL, Vlasne Misto, A Development, Saga Development, Zezman, DIM Group, METINVEST, UDP, Avalon, ODA Development, Sensar Development, Blago, Taryan Group, Stolitsa Group, Gefest, and others.

Interfax-Ukraine, FOCUS, LUN, and Delo are the information partners of the congress.

Additional information

The organizers offer the opportunity to participate as a VIP guest, speaker, or partner. Details are available on the official website ubc-ua.info or by phone at 044 461 91 28, email: info@dom-i.kiev.ua

The general partner of the event is Kreator-Bud.

Photos from the previous IV Ukrainian Construction Congress, which took place on June 4, 2025, are available at: https://photos.app.goo.gl/sBQ47QezCh8bM7DZ9

Interfax-Ukraine is the information partner

In Uzbekistan, starting in 2026, private clinics will receive new benefits and $200 mln loan

On November 10, the President of Uzbekistan met with medical and pharmaceutical workers, congratulating them on their professional holiday, Medical Workers’ Day.

Over the past five years, approximately $624,000 has been allocated to specialized medical centers, and thousands of pieces of modern equipment have been purchased. At the same time, the efficiency of its use is only 25%. The president emphasized the need to prioritize the development of digitalization, the modernization of clinical protocols, the introduction of advanced diagnostics and prevention, as well as the formation of professional teams in the regions.

Now, the directors of 26 specialized centers, heads of regional and district health care systems, and heads of family clinics will work according to monthly plans, visit problem areas and mahallas, analyze the causes of morbidity, propose solutions, and train local doctors. Daily meetings with healthcare managers will be held at the mahalla level, and each manager will be required to ensure attentive and prompt treatment of patients.

Starting in the new year, the procedure for appointing heads of medical institutions will change: the positions of director and chief physician will be separated, and entrepreneurs with management training and proven results will be eligible for leadership positions.

The incentive system will also be modernized: the best managers will be awarded titles, orders, medals, and cash bonuses of up to $2,497, and $41,000 will be allocated to improve the infrastructure of institutions. The best specialists will be sent abroad for training.

The development of medical education continues: faculties of general medicine are being opened, and residency and master’s programs in family medicine are being launched. Students will study free of charge and work as doctors at the same time, receiving a 150% salary bonus upon completion of their studies. Support for nurses has been strengthened: a Higher Academy of Professional Medicine is being created, quotas for higher nursing education are being doubled, and from 2027, the annual increase will be at least 20%, and nurses with higher education will receive a 100% salary bonus.

A new system of continuous professional development is being created, including distance learning, AI-based simulator training, and independent learning in the workplace. To this end, a Center for Continuing Professional Medical Education will be established.

The president noted that the private sector already provides about 30% of medical services, and the state is ready to expand public-private partnerships. Tax breaks on the import of equipment and ambulances will be extended for three years, part of the VAT will be refunded to private medical organizations, and entrepreneurs will be provided with a preferential credit line of $200 million to create modern multidisciplinary clinics.

In conclusion, the Head of State emphasized the importance of professionalism and dedication of medical workers, instructed to continue reforms, improve the quality of services, and introduce modern technologies, noting that this will make Uzbekistan’s healthcare system accessible and effective for all citizens.

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