During his speech at LUN Conference 2025, Oleksandr Ovcharenko, co-owner of Standard One, shared his vision of the development of the Ukrainian real estate market.
According to him, the number of projects will continue to decline, and developers should focus on creating products that provide predictable cash flow and build investor confidence.
“We will see a return of buyer and investor confidence. However, investors are becoming more demanding, looking for a balance between price, area, quality, product readiness and, above all, predictable profitability and payback,” said Ovcharenko.
He emphasized that the winner is not the developer who sells cheaply, but the one who transparently explains and communicates the value for which the investor should pay. After all, prices will continue to rise due to high production costs. Today, there is a certain imbalance in the market: when the cost of production is growing faster than the selling price. This forces many developers to temporarily suspend the launch of new projects and wait for better conditions.
Despite the difficult situation, the co-owner of Standard One sees the prospect of a gradual return of mass and institutional investors to the market.
“If a product that combines capitalization with a rental approach and is able to provide a stable cash flow is launched on the market, it attracts a lot of interest from investors. That is why Standard One was the first in Ukraine to research and implement projects in the build-to-rent format,” said Oleksandr Ovcharenko.
A separate topic for discussion was construction financing. According to Oleksandr, cross-financing is the first step to bankruptcy, so Standard One has abandoned this approach. The project uses its own financing system, in particular through installment programs, as buyers increasingly expect flexible and loyal terms.
This year, Standard One launched a new product on the market – S1 REIT. This is a proprietary investment instrument that diversifies sales sources by raising funds through collective investment institutions. It gives investors the opportunity to invest profitably in a liquid product or, having accumulated a certain number of certificates, to exchange them for an apartment. This expands investment opportunities for different categories of investors.
For reference:
Standard One (S1) is a full-cycle development company that has been developing the build-to-rent segment in Kyiv since 2016. The portfolio includes the completed S1 VDNH project and new buildings S1 Obolon, S1 Terminal, S1 Nyvky.
The V.P. Filatov Institute of Eye Diseases and Tissue Therapy of the National Academy of Medical Sciences of Ukraine, the Odessa Regional Development Agency, CheckEye, and MedCapitalGroup have signed a memorandum of cooperation in the field of preventive medicine and the introduction of innovative technologies in healthcare.
As reported to Interfax-Ukraine by the Filatov Institute, the goal of the partnership is to create a modern model for the early detection of complications of diabetes, in particular diabetic retinopathy, one of the most dangerous factors in vision loss.
The memorandum defines areas of joint work, such as the introduction of artificial intelligence-based mass screening systems for diabetic retinopathy, the organization of training events for doctors, the conduct of informational and scientific-practical campaigns in communities in the Odessa region, and the promotion of preventive medicine among the population.
Special attention was paid to the development of international cooperation during the discussion.
V.P. Filatova already has significant experience in partnering with leading global medical institutions. In particular, in 2025, an agreement was signed with the Oftacentro SA clinic (Lugano, Switzerland) to conduct joint research on the early detection of diabetic retinopathy with the participation of the CheckEye startup.
“The signing of the memorandum was an important step in the formation of a preventive medicine system in the Odessa region. The combination of the scientific potential of the V.P. Filatov Institute, the technological solutions of CheckEye, the expertise of MedCapitalGroup, and the project support of the Agency creates a solid foundation for improving the quality of medical services, early diagnosis, and the health of the population,” the institute emphasized.
The initiative is being implemented with institutional support from the Swiss-Ukrainian project “Cohesion and Regional Development of Ukraine” (UCORD), which is being implemented with the support of Switzerland through the Swiss Agency for Development and Cooperation (SDC) and NIRAS Sweden AB.
PJSC “Ukrnafta” on October 3 announced its intention to conclude a contract with IC “Arsenal Insurance” for services of compulsory insurance of civil liability of owners of motor vehicles (MTPL).
As reported in the system of electronic public procurement Prozorro, with the expected cost of acquiring services of 489.8 thousand UAH, the company’s price offer amounted to 190.2 thousand UAH.
The tender was also attended by insurance companies “Oranta” with the offer of UAH 290,4 thousand, “Universalna” – UAH 313,1 thousand, SG ‘TAS’ – UAH 440 thousand, IC “Kraina” – UAH 440,8 thousand.
Ukraine increased its imports of hard coal and anthracite (UKTZED code 2701) by 2.2 times (by 1 million 760.155 thousand tons) compared to the same period last year, to 3 million 253.62 thousand tons.
According to the State Customs Service of Ukraine, coal imports amounted to $751.081 million in the first nine months of this year, which is 2.3 times ($426.588 million) more than in January-September 2024.
Coal imports from the US amounted to $308.091 million (41.02%), Australia – $233.507 million (31.09%), the Czech Republic – $72.3 million (9.63%), and other countries – $137.183 million (18.26%).
As reported, in 2024, Ukraine increased coal imports by 2.7 times (by 1 million 145,951 thousand tons) compared to 2023, to 1 million 812,592 thousand tons. In monetary terms, it imported $402.219 million worth of coal, which is 2.2 times more than the previous year ($185.378 million).
Train #99/100 Kyiv-Bucharest, despite massive attacks on Ukrainian critical and civilian infrastructure, has set off on its maiden voyage together with a hundred passengers, Deputy Prime Minister for Reconstruction – Minister of Community and Territory Development Oleksiy Kuleba said.
“Despite massive attacks on Ukrainian critical and civilian infrastructure by Russia, Ukrzaliznytsia trains are departing on schedule. Thus, train No. 99/100 Kiev-Bucharest departed on its first trip clearly on schedule,” Kuleba wrote in his Telegram channel on Friday.
According to him, the new train will run daily on the route Kiev-Bucharest through Vinnitsa, Zhmerinka, Mogilev-Podilskyi. Border control will take place in the towns of Velchinets and Ungheni.
It is noted that the train arrives at the main station of the capital of Romania – Gara de Nord.
Separately, Kuleba specified that from Kiev the train will depart from the Central Station at 06:30 and arrive in Bucharest at 06:47 the next day.
In the opposite direction, according to the schedule, it will depart from Gara de Nord station at 19:10 and arrive in Kiev at 19:34 the next day.
“Even during the war, Ukraine continues to move forward – literally and symbolically”, – added the Deputy Prime Minister for recovery.
As previously reported, “Ukrzaliznytsia” from October 10 launches a daily train on the route Kiev-Bucharest. The cost of a ticket in a compartment car is approximately UAH 3,800. You can already buy tickets in the application or on the website of “Ukrzaliznytsia”.
The National Bank of Ukraine (NBU) has banned Liberty Finance FC LLC and persons related to the company from providing payment services through KYT Group (“KYT GROUP”) Internet services due to the detection of unlicensed activities in the payment market. “Liberty Finance” carried out payment services to transfer funds without opening an account – without a license and proper registration”, – said the NBU in a statement on the website.
As noted in the decision of the regulator, its staff during the inspection found that the order of financial services to transfer funds through the services of “KYT Group” was carried out through a telegram bot, and their receipt – in cash offices officially registered for FC “Liberty Finance”. The addresses of the cash desks where the funds were issued coincided with the locations registered for Liberty Finance FC in the NBU’s Register of Currency Exchange Points.
The regulator also confirmed that at the time the services were provided, the trademarks “KYT Group” and “KYT” belonged to Anton Tkachenko, who is the ultimate beneficial owner of Liberty Finance FC. On September 24, 2025, already after fixing the violations, Tkachenko transferred the rights to these TMs to Priveit Limited Company Vesvis (Estonia), the National Bank added.
According to the decision, in response to the charges, Tkachenko declared full disagreement with the NBU’s conclusions. In letters submitted to the National Bank, he and the company argued that the Telegram channels were anonymous and the screenshots did not prove their involvement.
At the same time, the National Bank pointed out that it was the regulator’s employees who personally used the services of the service and received funds in the branches of Liberty Finance FC LLC, which is a confirmation of the fact of unlicensed activity.
According to the decision of the NBU, the regulator recognized the services provided to individuals and legal entities through the Internet services of KIT Group using the trademarks “KYT Group”, “KYT”, containing signs of financial payment services. LLC FC Liberty Finance and other entities controlled by Tkachenko are prohibited from carrying out payment transactions through KYT Group Internet services.
The decision came into force on October 9, 2025.
LLC “FC ”Liberty Finance” has two licenses of the National Bank to carry out activities in the provision of financial services: trade in currency values in cash; provision of funds and bank metals on credit.
KYT Group“ also includes pawnshop ”KYT Group Plus“ LLC ”KYT Group and Company”, the owner of which is Lyudmila Tkachenko, and director Ivan Tkachenko.
According to the YouControl resource, the authorized capital of Liberty Finance FC is UAH 25 million, equity at the beginning of this year – UAH 188.65 million. The company ended last year with a net profit of UAH 45.46 million against UAH 153.92 million a year ago. The item “other income” in the flow of funds as a result of operating activities in 2024 rose to UAH 29 billion from UAH 21.6 billion in 2023.
