Business news from Ukraine

Business news from Ukraine

At end of 2025, IBUILD award recognized Alliance Novobud as “Developer of Year” for fourth time

On December 11, 2025, the Hilton Kyiv Hotel hosted the UKRAINIAN SPECIAL BUILDING AWARDS IBUILD 2025 charity evening organized by the Confederation of Builders of Ukraine.

The event brought together more than 250 guests – representatives of government, business, construction industry leaders, as well as Ukrainian and international companies and funds.

The ceremony honored companies that demonstrate resilience, responsibility and professionalism even in the face of a full-scale war, continue to implement projects, adapt to the challenges of the times and contribute to the restoration of Ukraine.

Alliance Novobud received the Developer of the Year 2025 award, confirming this status for the fourth time in a row.

This award is another confirmation of the company’s systematic work, stability of business processes, and responsible approach to the development of residential projects that shape the modern urban environment.

This award is of particular importance to our company. It testifies not only to the architectural or investment component of the projects, but also to transparency, legal reliability, and responsibility to investors and partners. To be recognized as the Developer of the Year for the fourth time in a row is a high appreciation of the daily work of the entire Alliance Novobud team and at the same time a great responsibility that we recognize,” commented Anna Bogush, Director of the Legal Department of Alliance Novobud.

Alliance Novobud continues to implement residential projects in accordance with modern standards of quality, safety and legality, strengthening market confidence and contributing to the sustainable development of Ukrainian cities.

Alliance Novobud is a Ukrainian development company that has been operating in the residential and commercial real estate market for over 18 years. It was founded in the mid-2000s. Its core business is the construction of multi-storey residential complexes of comfort and business class, as well as related social and commercial infrastructure.

The company is one of the top 20 developers in Kyiv and Kyiv region in terms of the number of commissioned housing (according to the specialized portals Anbud and LUN). The total volume of completed projects is estimated at more than 800 thousand square meters of housing. Another 300 thousand square meters are under construction and preparation.

Alliance Novobud positions itself as a developer focused on quality and meeting deadlines. The company regularly publishes reports on construction dynamics, which increases the level of transparency and trust.

In the period of 2022-2025, despite the war and economic difficulties, the company continued active construction, which makes it stand out among its competitors.

The company’s strategy envisages the development of mixed residential neighborhoods with the integration of schools, kindergartens, retail space and recreational areas.

 

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Shpyhov Brothers conducted debut bond issue

The National Commission on Securities and Stock Market (NSCM) has registered the report on the results of the debut issue of bonds (series A) for 60 million UAH LLC “FC ”Finvin” (Kiev), which belongs to brothers Alexander and Andrei Shpigov.

As stated in the decision of the SEC of December 12, 2025, it is an issue of registered corporate bonds without making a public offering. The nominal value of the bond is UAH 1 thousand, information on other parameters of the issue is not yet available.

According to the information on the website, Finvin FC provides financial leasing and lending services for business, was established in 2019, the authorized capital is UAH 20.1 million.

According to the results of three quarters of 2025, the company received 5.03 million UAH of net profit, which is almost 4 times more compared to the same period of 2024 (1.32 million UAH). Its revenue for the first 9 months of this year amounted to UAH 472.2 mln, while in the same period last year there was none.

In January-September this year, the company received UAH 30m of additional capital, which increased its equity to UAH 55.93m.

According to the National Bank, the owners of FC Finvin are brothers Alexander Shpig and Andrey Shpig, who own 44% each. Another 10% belongs to the closed non-diversified venture capital unit investment fund Leasingfuche, the assets of which are managed by AMC Brightfuche Asset Management LLC, the ultimate beneficiaries of which are also brothers Shpig, and 2% of the company belongs to Alexander Naumenko.

The Shpiga brothers are heirs of the former owner of Aval Bank Fyodor Shpiga and co-owners of several significant assets, including the capital’s River Mol and entertainment center Blockbuster, and the holding company Dairy Alliance.

 

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Metinvest acquires pipe plant in Romania

Metinvest Mining and Metallurgical Group has acquired Tubular Products Iasi S.A. (AMTP Iasi), a pipe plant in Romania controlled by ArcelorMittal S.A. (Luxembourg), from ArcelorMittal. According to information released by the company on Wednesday, the group continues to promote synergy between the metallurgical industries of Ukraine and the EU.

It is specified that on December 16, Metinvest closed a deal to acquire ArcelorMittal Tubular Products Iași, located in the Romanian city of Iași.

The plant produces welded structural pipes for construction, mechanical engineering, infrastructure, and the agricultural sector. Its maximum capacity is 240,000 tons of products per year.

“Even before the war, Metinvest began building bridges between the metallurgical industries of Ukraine and the EU. Therefore, the new plant is a unique opportunity for us to keep two enterprises busy at once – in Iași and Zaporizhia. This is part of our contribution to post-war recovery. I am confident that the plant’s products will be in demand not only in the EU, but also in the restoration of Ukraine’s infrastructure and industry damaged by the war,” commented Yuriy Ryzhenkov, CEO of Metinvest, on the completion of the deal.

The enterprise became Metinvest’s first production site in Romania. Negotiations on the acquisition of the plant lasted several months. On November 24, 2025, the group received approval from the European Commission to acquire the asset under the European Union Merger Regulation, and the next day, approval from Romania’s national competition authority following a foreign investment screening procedure.

Metinvest’s enterprises in Ukraine have historically produced large volumes of hot-rolled coils for both the domestic market and export. The location of the asset in Romania, just 600 km from Zaporizhia, allows us to supply up to 180,000 tons of hot-rolled coils produced by Zaporizhstal annually. This will provide the Romanian plant with regular orders and stable operation,” said Metinvest’s Chief Operating Officer Alexander Mironenko.

It is also reported that in 2026, the asset is planned to be integrated into Metinvest’s production and organizational chains. The plant has five pipe mills, two longitudinal cutting lines, and two coating lines. Metinvest will comply with all the terms of the employment contracts with the employees of the enterprise in Iasi.

It should be noted that, in addition to Ukraine and Romania, the group has assets in Italy, Bulgaria, the UK, and the US.

AMTP Iasi is registered in Romania and is actively involved in the production and supply of small welded carbon steel pipes.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the United States. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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NBU further reduced foreign exchange interventions: to $895 million over week

Last week, the National Bank of Ukraine (NBU) reduced sales of dollars on the interbank market by $198.3 million, or 18.1%, to $895.3 million, according to statistics on the regulator’s website.

According to the NBU, in the first four days of last week, the average daily negative balance of buying and selling foreign currency by legal entities decreased to $96.0 million from $100.2 million in the same period a week earlier and totaled $384.1 million.

The negative balance on the FX market for households increased to $43.6 million from $30.9 million the week before last, and on all days, sales of non-cash foreign currency exceeded purchases.

The official hryvnia/dollar exchange rate, which started last week at 42.0567 UAH/$1, weakened to 42.2812 UAH/$1 over three days, but ended the week at 42.2721 UAH/$1.

On the cash market, the dollar exchange rate last week followed the trajectory of the official rate, and in general, the dollar rose by about 17 kopecks over the week: buying – to 42.12 UAH/$1, and selling – to 42.49 UAH/$1.

At the same time, due to the rise in the euro against the dollar in the global market after the Fed’s decision to cut the benchmark interest rate by 25 basis points (bps), the hryvnia fell more significantly against the euro last week. Thus, the official exchange rate dropped to 49.4678 UAH/$1 from 48.9961 UAH/$1 a week earlier.

“Last week, the currency deficit remained high without any significant changes compared to the first week of December. Despite this, the NBU slightly reduced its interventions, which hints at a temporary reduction of imbalances in the interbank market,” commented the ICU investment group.

According to its experts, the NBU is concerned about the uncertain prospects for international support next year, as there is no final decision on the EU’s reparations loan yet, so the NBU’s future policy will depend on the EU’s decision on the reparations loan.

“In our opinion, it will be positive. Therefore, we expect the NBU to continue to adhere to a conservative exchange rate policy, allowing only a moderate depreciation of the hryvnia both by the end of this year and throughout 2026,” ICU believes.

Analysts of KYT Group, a major participant in the cash foreign exchange market (Liberty Finance LLC), noted that in December the hryvnia was supported by several important factors, one of the most important being the increase in international reserves to a new historical high of $54.75 billion.

“So far, the situation is such that the hryvnia should not experience any sharp jumps, but in the future (as early as 2026), the hryvnia exchange rate will be under pressure from a number of factors, including, in particular, possible difficulties with the receipt of foreign aid (and a decrease in the amount of such aid),” the company said.

According to their short-term forecast for one to two weeks, the hryvnia exchange rate will remain in the basic range of 42.15-42.50 UAH/$1 with possible multidirectional fluctuations, while in the medium term, for two to three months, KYT Group expects the exchange rate to be 42.25-42.95 UAH/$1.

“In Ukraine, the hryvnia will be influenced by several key factors: the continuation of hostilities, the difficult situation in the energy sector, the decline in economic activity, and the stability of financial assistance from creditors and partners,” the company said, adding that the long-term realistic benchmark is 43.4-44.90 UAH/$1 by mid-2026.

As for the euro, according to the company’s experts, if the Fed cuts the rate by 25 bps again in January, the euro will strengthen more actively, and its fluctuations in the Ukrainian market may reach the level of 50.20-53.20 UAH/€1.

Source: https://bank.gov.ua/ua/markets

https://t.me/ICUkraine/1237

https://interfax.com.ua/news/projects/1128490.html

 

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Dynamo (Kyiv) has new coach

The management of the Kyiv football club Dynamo has decided to appoint Igor Kostyuk as the team’s head coach, according to the Dynamo FC press service.

“Igor Volodymyrovych is a talented coach who has been working at our club for many years. He has trained more than one generation of talented young players, many of whom now play at the highest level in Europe’s top leagues. He knows Dynamo’s young players well and is not afraid to trust young players who have already proven themselves at the first team level. He is a coach who knows how to find the right approach to players,” club president Igor Surkis is quoted as saying on the club’s website.

The club’s management has complete confidence in Kostyuk and believes that he is capable of leading the team to its rightful place in Ukrainian and European football.

As reported, on November 28, the management of Kyiv’s Dynamo decided to dismiss the entire coaching staff of the team, headed by Oleksandr Shovkovskyi, from their duties, according to an official statement by the capital club on the Dynamo website. Shovkovskyi and the team were dismissed after the team’s unsatisfactory results in recent matches.

Igor Kostyuk was appointed acting head coach of the Kyiv giants.

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Croatia is tightening rules for renting accommodation through Airbnb and Booking.com

As Serbian Economist reports, the short-term tourist rental market in Croatia from June 2026 will operate under new EU rules, which provide for the complete removal of “gray” rentals from the shadows and strict control over tax revenues.

According to the published explanations, each object rented to tourists (apartments, houses, apartments) will be assigned a unique registration number. It will become a mandatory identifier when placing advertisements on online rental platforms. Placing objects without such a number on services like Airbnb and Booking.com will be prohibited – the absence of the code will automatically mean that the object operates outside the legal framework.

The procedure for obtaining a registration number for owners will be free of charge and, according to the authorities, should simplify control over compliance with the law, as well as reduce the share of unregistered objects rented without paying taxes.

Additionally, part of the control powers will be transferred to the local level: community tourist boards will directly monitor the payment of compulsory tourist tax and will be able to promptly respond to violations by landlords operating illegally or understating real income.

It is expected that the tightening of rules will make the rental market in Croatia more transparent and predictable for tourists, as well as equalize the conditions of competition for legal landlords, while increasing tax revenues to budgets at different levels.

As a consequence, experts predict an increase in the price of vacation in Croatia by 10-12%.

https://t.me/relocationrs/1950

 

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