Business news from Ukraine

Business news from Ukraine

Choosing Belgrade neighborhood for real estate investment with EXPO-2027 in mind

On June 21, 2023, the International Bureau of Exhibitions (BIE) approved Serbia as the organizer of Expo-2027. Five locations participated in the competition, including Phuket (Thailand), Minnesota (USA), Malaga (Spain) and Bariloche (Argentina). Belgrade defeated Malaga in the final, receiving the support of 81 nations.

Expo 2027 will be the first world exhibition to be held in Southeastern Europe, as well as in the territory of the former Yugoslavia. The event will take place from May 15 to August 15, 2027 and will contribute to strengthening Serbia’s international image and developing the country’s economy.

How does the Expo affect the host cities?

World Expos, organized since 1928 under the auspices of the BIE, serve as a platform to showcase achievements in various fields, from culture and science to architecture. They are also a powerful tool for attracting investment and increasing tourist traffic.

Among the main benefits of holding Expo for host countries are:

  • GDP growth and job growth;
  • Development of tourism and transportation infrastructure;
  • Strengthening international relations and opening new markets.

For Belgrade, this means a major transformation, including the construction of new facilities, modernization of existing infrastructure and the influx of millions of visitors.

Preparing Belgrade for Expo 2027

The Serbian government has already embarked on an ambitious plan to prepare for the Expo. The plans include:

  • Construction of a new national stadium;
  • Creation of a modern exhibition complex “Expo-2027” with an area of 167 hectares;
  • Development of the transportation network, including new metro stations, railway station and bus terminals.

The “Expo-2027” complex will include multifunctional halls, congress centers, residential premises and commercial areas. These facilities will become part of the modern urban infrastructure, which will contribute to the further development of Belgrade.

Belgrade districts with investment potential

Surcin Special attention is paid to the Surcin district, where the main exhibition facilities will be built. Already today there is a significant increase in real estate prices here. For example:

  • Apartments that previously cost around 20,000 euros are now offered for 70,000 euros;
  • Land prices have increased from €1,000 to €4,000 per acre, depending on location and infrastructure availability.

Experts predict further price increases in Surcin, especially with the construction of the ring road and metro station. Privately owned land plots are becoming increasingly attractive to investors.

Novi Beograd The Novi Beograd neighborhood, known for its modern residential and commercial complexes, may also benefit from the upcoming transformation. Its convenient location and good transportation accessibility make it one of the most promising areas for investment.

Zemun Zemun, located near Surcin, is attractive for its historical landmarks and proximity to key infrastructure projects. Demand for housing is expected to increase here, which could have a positive impact on real estate values.

Impact on the real estate market in Belgrade

The holding of Expo-2027 will become a driver for the development of the entire Belgrade real estate market. New infrastructure, improved transportation and active attraction of foreign investors will create favorable conditions for long-term price growth.

The apartments built in preparation for the Expo are planned to be offered to citizens at preferential prices. This will help solve housing issues of the local population and improve the general standard of living in the region.

Potential for foreign investors

Experts note that the successful holding of Expo-2027 may attract new foreign investors to Belgrade. For them it will be important not only the location of the facilities, but also the prospects for the development of the market as a whole. A similar effect has been observed in other countries, where Expo exhibitions were previously held.

Preparations for Expo 2027 have already started to transform Belgrade. The districts of Surcin, Novi Beograd and Zemun offer unique investment opportunities. Future infrastructure projects, rising real estate prices and the influx of tourists make these districts attractive to both local and foreign investors.

https://news.relocation.rs/?p=2353

 

Ukraine is in fifth place among main buyers of grenades from Uzbekistan

According to the Statistics Agency, in January-October 2024, Uzbekistan exported 3,407 tons of pomegranates worth $4.0 million.
Countries to which Uzbekistan exported the most pomegranates in 10 months of 2024:
Russia – 2,192 tons
Kazakhstan – 448 tons
Tajikistan – 279 tons
Kyrgyz Republic – 266 tons
Ukraine – 106 tons
Other countries – 116 tons
Ministry of Statistics of Uzbekistan

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Granite quarry in Cherkasy region put up for sale for $2.9 mln

On 16.12.2024, OLX published an announcement about the sale of an operating mining business in Cherkasy region.

“A company with a granite deposit (9.8 hectares), we have a valid Special Permit for the use of subsoil (the permit is valid until June 20, 2036),” the announcement says.

This is Talnivske Quarry Management LLC.

As a representative of the seller told NADRA.INFO, the balance reserves at the field as of December 2024 amount to 1,586,469 cubic meters (or 4,164,480 tons).

“Natural radiation class of the product:

Class I – no restrictions.

We have everything we need for work:

– The necessary heavy equipment;

– our own access railroad track;

– the distance from the plant to the H21 highway is only 3 km;

– We have a crushing and screening complex.

Crushed stone fractions:

0.63×2 mm, 2×5 mm, 0×5 mm (granite screenings or sand from granite crushing screenings);

The main fraction with the highest demand is 5×20 mm;

40×200 mm (rubble stone, rubble; edge length – up to 300 mm)”.

The declared price of the owner is USD 2,900,000.

To view the property, please contact the seller’s representative by phone +38 093 358 78 82 (Sergiy).

NADRA.INFO’s information

Talnivske Quarry Management LLC holds a valid special permit No. 3905 (until 2036) for the extraction of migmatites at the Lashchivske deposit (the permit is valid and not suspended). The authorized capital is UAH 22,447,000. Registered in. Talne, Zvenyhorod district, Cherkasy region. The ultimate beneficial owner is Yaroslav Shevchyk, the head is Mykola Tkach.

The company was registered in 2004 as the legal successor of CJSC Talnivske Karieroupravlenie, which had the right to mine migmatites at the Lashchivske deposit since 1996 (special permit No. 464).

Source: https://nadra.info/2024/12/talniv-magnetite-granite-quarry-put-up-for-sale/

TAS Insurance Group increased payments by 19.5%

In November 2024, TAS Insurance Group (Kyiv) paid UAH 173.3 million under the concluded insurance contracts, which is 19.5% more than the amount of the company’s indemnities for the same month in 2023.
According to the insurer’s website, more than a quarter of the total volume of payments, or 27.4%, fell on hull insurance – UAH 47.5 million, which is 26.4% higher than the corresponding figure for November 2023, on MTPL – 32.2%, or UAH 55.9 million (+13.6%), on Green Card – 21.8%, or UAH 37.8 million (+45.3%).
In November, the share of VHI in the company’s claims portfolio amounted to 16.5%, or UAH 28.5 million (+30.6%).
The company paid out UAH 3.69 million under other insurance contracts.
TAS Insurance Group was registered in 1998. It is a universal company offering more than 80 types of insurance products in various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.

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Hourly wages in euro area increased by average of 4.4% in third quarter

Hourly wages in the euro area in the third quarter of 2024 increased by an average of 4.4% compared to the same period in 2023, according to the European Union Statistical Office (Eurostat).

The indicator grew for the 13th quarter in a row, but the rate of growth in July-September was the lowest since the beginning of the year.

According to the revised data, wages rose by 4.9% in the second quarter, not 4.5% as previously announced.

Among the largest countries of the bloc, the slowdown in wage growth in the third quarter was recorded in Germany (to 4% from 5.7% in the second quarter) and France (to 2.7% from 3.3%), and acceleration – in Spain (to 4.7% from 3.9%) and Italy (to 5.2% from 4.2%).

In the EU, hourly wages in the third quarter increased by 5% on average compared to the same period last year. This is also the weakest growth since the beginning of the year: wage growth in the second quarter was 5.5%, and in the first quarter – 5.6%.

The strongest growth in hourly wages was recorded in Romania (17.1%), Croatia (15.1%) and Hungary (14.1%).

Source: http://relocation.com.ua/rozmir-pohodynnoi-zarobitnoi-platy-v-ievrozoni-v-tretomu-kvartali-zbilshyvsia-v-serednomu-na-4-4/

Help for Armed Forces of Ukraine: Kyivstar subscribers raised over UAH 52 million

Ukrainians continue to demonstrate the power of unity and support for our defenders. As of the beginning of December, Kyivstar’s charity Superpower “Help for the Armed Forces of Ukraine”, activated by the operator’s subscribers, raised over UAH 52 million. The accumulated funds were transferred to the account of the “Come Back Alive” Foundation for Competent Assistance to the Army as part of joint projects.

The connected service allows prepaid subscribers to make a monthly donation of up to UAH 50 simply by using their mobile phone. The donation is automatically deducted when paying for the tariff without additional charges for the subscriber. You can check whether your tariff has the Super Power “Help for the Armed Forces of Ukraine” in the My Kyivstar application.

“Superpower ‘Help for the Armed Forces’ is an opportunity for every Kyivstar subscriber to join the support of our defenders without changing their daily habits. Thanks to subscribers’ contributions, together with Come Back Alive, we were able to implement large-scale projects to support air defense and de-mining. We are grateful to everyone who joins in. Together we are building the future of Ukraine, because we live here,” commented Oleksandr Komarov, CEO of Kyivstar.

In total, Kyivstar and the Come Back Alive Foundation have launched two major projects this year. The first initiative , We Live Here: Mobile Communication Systems for Air Defense, was launched in April. As part of this project, subscribers of the national electronic communications operator raised more than UAH 20 million with the help of the Help for the Armed Forces Superpower. Another 50 million was donated by Kyivstar. The funds raised were used to purchase 10 integrated communication systems for the South Air Command.

The second project was launched in August and will continue until the target amount is reached. This is the “We Live Here 2.0” initiative for demining the country. Its goal is to raise UAH 100 million for robotic systems and equipment for sappers to save their lives. So far, more than UAH 66.3 million has been raised, including UAH 22 million thanks to subscribers who activated the charity Superpower “Help for the Armed Forces”. Kyivstar, for its part, donated UAH 30 million to the project. Another UAH 13 million was donated by concerned Ukrainians and businesses. The initiative is being implemented with the informational support of the Ministry of Economy of Ukraine. The fundraising is ongoing, so everyone who cares can donate to the fund’s special account and to the project’s “bank”.

It should be noted that earlier this year, Kyivstar and Come Back Alive subscribers also joined the first collection for demining – “We live here” – and donated almost UAH 10 million with the help of the Help for the Armed Forces Superpower.

About Kyivstar

Kyivstar is Ukraine’s largest electronic communications operator, serving about 23.3 million mobile subscribers and more than 1.1 million Home Internet subscribers as of September 2024. The company provides services using a wide range of mobile and fixed technologies, including 4G, Big Data, Cloud solutions, cybersecurity services, digital TV, etc. Kyivstar is developing new telecom technologies in Ukraine and plans to invest USD 1 billion in this area in 2023-2027. THE COMPANY PLANS TO INVEST USD 1 BILLION IN THIS AREA. The company helps Ukraine overcome wartime challenges and has allocated over UAH 2 billion over the past two years to support the Armed Forces, subscribers, and social projects. Kyivstar’s shareholder is the international VEON Group. The Group’s shares are listed on the NASDAQ stock exchange (New York). Kyivstar has been operating in Ukraine for 27 years and is recognized as the largest taxpayer in the electronic communications market, the best employer and a socially responsible company. For more information: pr@kyivstar.net, www.kyivstar.ua

 

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