Business news from Ukraine

Business news from Ukraine

Vietnam’s apartment market has faced a sharp drop in demand

Vietnam’s apartment market has cooled sharply following a period of rapid price growth: developers are facing a decline in transactions, buyer caution, and the need to stimulate sales.

According to local media reports, demand for apartments has dropped significantly amid high interest rates, inflationary pressures, and general geopolitical instability. Vietnam’s Ministry of Construction has also recorded a decline in transaction volumes nationwide, confirming the market’s shift from a phase of frenzied growth to more selective demand.

However, the market’s problem is not limited to a decline in buyer interest. An imbalance in supply persists in Vietnam: in the largest cities, primarily Hanoi and Ho Chi Minh City, there remains a shortage of affordable housing, while a significant portion of new projects falls into the higher-priced segment. Vietnam Investment Review notes that in the first quarter of 2026, Hanoi and Ho Chi Minh City continued to face a gap between supply and demand due to a shortage of affordable apartments.

The most pressing issue remains housing costs. In Hanoi, prices for new apartments continued to rise in the first quarter of 2026, reaching an average of approximately 128 million dong per square meter, while the secondary market has already begun to show signs of a price correction. Developers attribute the price increases to rising costs of construction materials, financing, and land.

In Ho Chi Minh City, the trend is different: after prices rose in 2025, the market began to cool, and in some areas, prices fell by 1–7%, which partially stimulated demand.

The Vietnamese government is trying to curb market overheating and expand the supply of affordable housing. Earlier, Prime Minister Pham Minh Chinh called for accelerating housing construction, simplifying administrative procedures, and developing social housing, as rising prices have made real estate purchases unaffordable for many families.

Additional pressure on the market is being created by the government’s plans to curb speculative demand. In January 2026, Reuters reported that Vietnam was preparing tax measures against speculation in the real estate market, where in 2025 apartment prices rose by 20–30% and land prices by 20–25%.

Thus, the Vietnamese apartment market is entering a more complex phase: prices remain high, there is a shortage of affordable supply, but demand is no longer ready to automatically absorb new properties at any price. For developers, this means the need to revise pricing policies, offer installment plans, discounts, and more realistic purchase terms. For buyers, it presents an opportunity for stronger bargaining positions, especially in the secondary market and in areas where supply is growing faster than demand.

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Winner Group to Acquire Space at UNIT.City

The Winner Group, one of the leaders in Ukraine’s automotive market, intends to acquire premises in the UNIT.City innovation park (Kyiv).

On May 14, the Antimonopoly Committee of Ukraine granted permission to Winner Group Ukraine LLC, a company with foreign investment, to acquire control over Re Citylook LLC, owned by Ukrainian entrepreneur and UNIT.City founder Vasyl Khmelnytskyi, according to a report on the AMCU website.

Winner Imports Ukraine, which has been operating in Ukraine for over 30 years, is the official importer of Ford, Volvo, Jaguar, Land Rover, MG, and Porsche vehicles in the country, as well as the exclusive representative of Bentley.

In addition to automotive distribution and retail, the Winner Group is engaged in leasing activities and also develops and manages commercial real estate.

According to YouControl, in 2025, Winner Group Ukraine LLC reported UAH 87.6 million in net profit (UAH 33.9 million in 2024).

The UNIT.City innovation park, established in Kyiv on the site of a former motorcycle factory, brings together startups, IT companies, R&D centers, and educational spaces to foster the development of an innovation ecosystem.

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TAS Insurance Group Increased Insurance Payouts by 78% in April

In April 2026, TAS Insurance Group (Kyiv) paid out UAH 374,100 under its insurance contracts, which is 78% more than during the same period in 2025.

According to the insurer’s website, 18.8% of the total payouts were for comprehensive auto insurance (CASCO), or UAH 70.23 million (38.5% more than in March 2025); 54.7% were for mandatory auto liability insurance (OSCPV), or UAH 204.5 million (2.53 times more); “Green Card” – 13.4%, or UAH 50.7 million (+23.3%).

The share of voluntary medical insurance (VMI) in the company’s claims portfolio was 11.7%, or UAH 43.6 million (+46.4%). In turn, claims under property insurance contracts increased by 30.7% to UAH 1.4 million.

Under other insurance contracts, TAS Insurance Group paid out UAH 4.24 million in April 2026, which is 10% more than in April 2025.

TAS Insurance Group was established in 1998. It is a universal insurer offering over 80 types of insurance products across various categories of voluntary and mandatory insurance. It maintains an extensive regional network: 28 regional offices and branches, and 450 sales offices throughout Ukraine.

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Montenegro’s President Calls for Halt to Concession of Airports

According to Serbian Economist, Montenegro’s President Jakov Milatović has called for a suspension of the process to transfer the airports in Podgorica and Tivat to a concession, stating that the current model could cost the state hundreds of millions of euros.

A statement from the President’s Office notes that the government is implementing the concession procedure for Aerodromi Crne Gore based on a model developed back in 2019, even though the value of the airports and passenger traffic have increased significantly since then. Milatović believes that the current process does not reflect the true value of the assets, does not protect the state’s interests, and leaves airport employees without sufficient guarantees.

The President’s Office has sent a request to Montenegro’s Ombudsman for an urgent legal and financial analysis of the concession. The statement emphasizes that this concerns strategic infrastructure, and that, according to Milatović’s assessment, the government is attempting to shift responsibility for the controversial decision onto parliament.

Montenegrin authorities had previously proposed transferring the airports in Podgorica and Tivat to a 30-year concession to the South Korean Incheon Airport Consortium. The government claims that upon the concession’s expiration, all infrastructure will remain state-owned, and the total benefits from the deal could exceed EUR 1 billion.

According to the government, the terms of the deal involve investments in the reconstruction and development of airport infrastructure, the construction of new terminals, and the modernization of existing facilities. Supporters of the concession believe that without a major foreign operator, the airports will not be able to quickly reach a new level of service and capacity.

Milatović, on the other hand, insists that the new deal must take into account the current value of the assets. According to the State Property Agency, the value of Aerodromi Crne Gore is approximately EUR264.4 million, which is nearly double the previous 2018 valuation.

The president proposes revising the terms of the deal. Among the parameters that, according to his office, should be included in a fair concession model are a minimum one-time payment of at least EUR200 million, a mandatory increase in passenger traffic of at least 7% per year, investments of at least EUR300 million, the preservation of existing employee rights, and a guarantee of no technological surplus in the first five years.

Milatović also warned that a poorly structured concession could lead to a reduction in the number of flights, higher airfare prices, and employee layoffs.

The airports in Podgorica and Tivat have different economic significance. Podgorica is the main business and administrative hub, while Tivat is critical for tourist traffic to the coast, including Budva, Kotor, Herceg Novi, and other resort areas. Therefore, the concession issue concerns not only airport management but also the entire model of tourism development, investment, and the country’s transport accessibility.

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Entry into EU for Ukrainians will become subject to fee starting in late 2026 following launch of ETIAS system

Starting in late 2026, citizens of Ukraine and other countries with visa-free travel will be required to obtain an ETIAS electronic travel authorization for short-term trips to most European countries, according to the official EU website Travel Europe.

ETIAS is not a visa and does not abolish the visa-free regime for Ukrainians. It is an electronic travel authorization that will be required prior to entry into Schengen Area countries, as well as certain European states participating in the system. The authorization will be processed online via the official EU website.

The application fee will be 20 euros. Applicants under 18 and over 70 are exempt from the fee. There are also specific exemptions for family members of EU citizens and a number of other categories, provided they meet the established conditions.

The ETIAS authorization will be valid for up to three years or until the passport expires, whichever comes first. It will allow for short-term trips of up to 90 days within any 180-day period.

The system will apply to citizens of countries that currently travel to Europe without a visa, including Ukraine. Before traveling, travelers will need to fill out an online form with passport and personal information, as well as answer security-related questions. In most cases, a decision should be made quickly; however, the EU recommends applying for the authorization in advance, before purchasing tickets or booking a trip.

The EU specifically warns that applications should only be submitted through the official website europa.eu/etias, as there are already intermediary websites that may charge additional fees or collect personal data. The EU Delegation to Ukraine has also previously highlighted the risk of fraudulent websites posing as the official ETIAS portal.

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Ukraine’s Cabinet of Ministers Lifts All Exit Restrictions for Women

The Cabinet of Ministers of Ukraine has lifted all restrictions on border crossings for all women without exception, regardless of their positions, Prime Minister Yulia Sviridenko announced.

“The government is lifting restrictions on border crossings for all women without exception, regardless of their positions in state authorities, local self-government bodies, state-owned enterprises, and courts,” Sviridenko wrote on her Telegram channel.

As previously reported, in early May, the government lifted restrictions on travel abroad for a specific category of female officials. At that time, it was noted that the changes did not apply to the highest-ranking state officials, key heads of state authorities and their deputies, specifically members of the Cabinet of Ministers, the leadership of ministries and central executive bodies, the Office of the President of Ukraine, the Secretariat of the Verkhovna Rada of Ukraine, the National Security and Defense Council (NSDC), the Security Service of Ukraine (SBU), the National Bank, as well as to members of parliament, judges of the Supreme Court and the Constitutional Court of Ukraine, prosecutors of the Office of the Prosecutor General, and heads of state-owned enterprises and state bodies whose jurisdiction extends throughout the territory of Ukraine.

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