Business news from Ukraine

Business news from Ukraine

Ukrainian national hockey team returns to top division

The Ukrainian national hockey team finished second at the World Championship in Division 1A in Sosnowiec, Poland, and earned promotion to the top division—a level the team had not reached since 2007.

At the end of the tournament, Ukraine had three wins and two losses, earning 10 points. The team, led by Dmytro Khristich, secured its spot in the elite division thanks to the result of the tournament’s final match, in which Lithuania defeated the host team—Poland—in overtime (2–1). A Polish victory in regulation time would have cost Ukraine second place.

Kazakhstan became the Division 1A champion with 13 points. They were followed by Ukraine (10), France (8), Poland (8), Lithuania (4), and Japan (2).

Next year, the Ukrainian national team will compete in the top-division World Championship, which will take place May 14–30, 2027, in the German cities of Düsseldorf and Mannheim.

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Serbia has donated energy equipment to a nursery in Bucha

The ‘Kapitoshka’ nursery school in Bucha, Kyiv Oblast, has received a diesel generator and a modern backup power system as part of an international aid initiative, according to Andon Sapundži, Serbia’s ambassador to Ukraine, on his Facebook page.

The facility was provided with a 35 kW (or 44 kVA) diesel generator, as well as a hybrid backup power system comprising an inverter and batteries. The equipment is intended to ensure the nursery’s uninterrupted operation in the event of external power cuts.

According to the Education Department of Bucha City Council, ‘Kapitoshka’ previously had no alternative power sources. The installed system will enable the nursery to increase its energy independence and maintain stable conditions for the children even during potential power cuts.

According to the Telegram channel Serbian Economist, the aid was delivered by the Maltese Relief Service as part of the Sovereign Order of Malta’s Warmth for Ukraine programme. An international delegation, comprising diplomatic representatives and deputy heads of mission from the Sovereign Order of Malta, Serbia, Montenegro, Albania, Azerbaijan, Indonesia, Croatia, Poland and North Macedonia, visited the nursery where the equipment has already been installed.

“Unfortunately, modern wars share one common characteristic. They primarily target those most affected by the war. And we must protect these people,” said Antonio Gazzanti Puliese di Cotrone, Ambassador of the Sovereign Order of Malta to Ukraine.

“That is why I am particularly pleased that a project aimed at meeting the needs of children has been completed. This is for the future of Ukraine and for the whole world,” he added.

Andon Sapundži, Serbia’s Ambassador to Ukraine, emphasised the significance of the project for Bucha and its residents.

“This town and its residents are heroes who stood firm in the face of the horrific crimes of 2022. Your courage and unity are an example to us all. The launch of the hybrid energy system at the ‘Kapitoshka’ nursery is not only a technical foundation but also a symbol of care for the future. This project is the result of joint efforts and international solidarity,” he said.
Taras Shapravsky, Secretary of the Bucha City Council, noted that a difficult winter may lie ahead, which is why such support is particularly important for the community’s education sector.

Nikita Gerashchenko spoke on behalf of the Kyiv Regional State Administration. He stated that thanks to the implementation of such projects, more educational and social infrastructure facilities are becoming energy-independent and energy-efficient.

For Serbia, participation in such humanitarian projects has not only diplomatic but also practical significance. Belgrade has not officially joined the EU’s anti-Russian sanctions, but is providing humanitarian support to Ukraine, including through international frameworks and assistance to civil infrastructure.

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Real GDP in 2021-2025 (forecast)

Real GDP in 2021-2025 (forecast)

Pentagon Has Declassified Documents on UFOs

On Friday, the U.S. Department of Defense announced the initial release of new, previously unpublished files concerning unidentified anomalous phenomena (UAP).

This interagency effort involved the White House, the Office of the Director of National Intelligence, the Department of Energy, the FBI, NASA, and other U.S. agencies.

The materials are available on the website WAR.GOV/UFO, and additional new files will be released by the Pentagon on an ongoing basis, the statement noted.

“This release is the result of President Donald Trump’s directive to begin the process of identifying and declassifying government files related to UAPs in the interest of ensuring full transparency. No other president or administration in history has provided this level of transparency regarding UAPs,” the department stated.

The Pentagon reported that Americans can now instantly access declassified federal government files related to UFOs.

It is noted, however, that while all files have been vetted for security purposes, many materials have not yet been analyzed to identify any anomalies.

“The Department of Defense is working closely with President Trump to ensure unprecedented transparency regarding our government’s understanding of unidentified anomalous phenomena,” said U.S. Secretary of Defense Pete Hegset. “These files, hidden among classified documents, have long fueled legitimate speculation; it is time for the American people to see them with their own eyes.”

“Today’s release is the first in an ongoing joint effort to declassify and publish these materials,” said Director of National Intelligence Tulsi Gabbard, adding that the American people have long sought transparency regarding what the government knows about unidentified anomalous phenomena.

FBI Director Kash Patel, for his part, stated that his agency “remains committed to supporting this ongoing declassification work with the same diligence and integrity we apply to all matters of national security.”

NASA Administrator Jared Isaacman also welcomed Trump’s efforts to ensure greater transparency regarding unidentified anomalous phenomena. “Our mission at NASA is to engage the brightest minds and the most advanced scientific instruments, track the data, and share what we learn. We will be candid about what we know, what we still need to understand, and what remains to be discovered. Exploration and the pursuit of knowledge are at the heart of NASA’s mission as we strive to unravel the mysteries of the universe,” he said.

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Hungary’s real estate market may once again attract foreign investors

According to Serbian Economist, after several years of low activity among foreign buyers, Hungary’s real estate market may be entering a phase of renewed interest from foreign capital.

According to experts, the Hungarian market has long been operating below its potential: after four years of stagnation, foreign investors have largely ceded ground to domestic buyers. Now analysts expect that a combination of political changes, potential reforms, and pent-up demand could bring Hungary back into the spotlight for international investors.

An additional factor is the expectation of an improved investment climate and the potential release of European funding. Property Forum notes that market participants are discussing a “restart” of the Hungarian real estate market following the April 2026 elections, with macroeconomic stability, regulation, and the willingness of institutional investors to return to the country remaining key issues.

At the same time, the market has already gone through a period of significant price growth. According to Global Property Guide, citing the Hungarian National Bank’s housing price index, housing in Hungary rose by 21.29% year-over-year in the third quarter of 2025, or by 16.29% in real terms, indicating strong price momentum even before the full return of foreign demand.

In 2026, the market appears more balanced. According to data from Duna House cited by International Investment, approximately 78% of transactions are concluded below the initial asking price, indicating a strengthening of buyers’ bargaining power and the market’s transition from overheating to a more stable phase.

Budapest remains the main center of interest. The capital combines high rental demand, developed infrastructure, tourist traffic, and its status as the country’s business hub. However, it is in Budapest that authorities are also discussing restrictions on short-term rentals: earlier, one of the city’s central districts voted to ban short-term rentals starting in 2026, which could alter the investment model for some buyers.

For foreign investors, Hungary retains several advantages: prices are lower than in most Western European capitals, the market is part of the EU, and the weakening of the forint may make purchases more attractive to buyers with capital in euros or dollars. At the same time, the risks remain significant: rental regulations, high inflation in recent years, political uncertainty, and the market’s dependence on state support and credit conditions.

The return of foreign capital could support prices, especially in Budapest and other liquid locations. However, for local buyers, this could exacerbate the housing affordability problem, which has already become one of the key social issues in Hungary. The government has previously launched first-home support programs, including subsidized loans at 3% for up to 25 years, to help young buyers enter the market.

Thus, the Hungarian real estate market enters 2026 in a mixed state: prices have already risen significantly, demand has become more cautious, but expectations of political and economic changes may once again attract foreign investors. For the market, this means a likely uptick in transactions, and for buyers—the need to more carefully evaluate location, rental models, and regulatory risks.

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Sixth “Food Business” conference will take place in May

If product quality and food safety are your area of responsibility, then May 28–29 is your event.

For the sixth year in a row, the “Food Business” conference brings together those who are responsible for quality and safety at Ukrainian food companies on a daily basis—those who implement standards, make tough decisions, and ensure that Ukrainian products can compete effectively on international shelves.

What’s in store for you?

Day 1 – panel discussions and case studies from quality directors at leading food market companies: Askania Beverage, Rud JSC, Pripravka, Kyiv BKK, ECO MARKET, and others.

Current topics that are already shaping the future of the industry:

  • New FSSC 22000 v7 requirements and adapting to them
  • HACCP: Is the Ukrainian model truly outdated?
  • Fines for labeling violations from the AMCU and the State Service of Ukraine for Food Safety and Consumer Protection – how to avoid ending up on this list
  • Counterfeiting 2.0 and VACCP in wartime conditions
  • How to prevent an innovative product from becoming a costly mistake
  • ESG in agri-food production: a partner requirement or a real advantage?

Day 2 – Industrial Visit: a trip to a food processing plant, a live “expert-to-expert” exchange of experiences, and lunch among like-minded professionals.

Networking with colleagues from across Ukraine—auditors, technologists, quality department managers, suppliers, and retailers.

The event is organized by the professional e-magazine “Quality Management”.

Registration is open: https://www.events.techmedia.com.ua/foodbusiness26

0 800 215 522 | sales@techmedia.com.ua

Open4business is the event’s media partner.