According to Serbian Economist, Serbia has concluded negotiations with Hungary’s MOL regarding a shareholder agreement concerning NIS and will be able to acquire an additional 5% stake in the Serbian oil company, provided that MOL reaches an agreement with Gazprom Neft to buy out the Russian stake and the deal receives approval from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).
This was announced by Serbia’s Minister of Mining and Energy, Dubravka Jedović-Handanović.
Serbia currently owns 29.9% of NIS shares. Russia’s Gazprom Neft and Gazprom collectively control about 56.2% of the company. Hungary’s MOL is negotiating the purchase of this stake, but the deal requires approval from OFAC due to sanctions related to Russian participation in NIS.
According to Jedović-Handanović, the purchase of an additional 5% stake will strengthen Serbia’s position in approving and blocking decisions of strategic importance to the country’s economy. This is crucial for Belgrade, as NIS controls Serbia’s key oil infrastructure, including the country’s sole oil refinery in Pančevo.
As part of the agreements, MOL also committed to maintaining operations at the Pančevo refinery at least at the level of average annual capacity over the last four years prior to the imposition of U.S. sanctions.
For Serbia, the deal involving NIS is one of the key energy issues of 2026. Belgrade needs to simultaneously maintain the stability of fuel supplies, reduce sanctions risks, and retain its influence over a company that is of systemic importance to the country’s economy.
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Ukrainian veterans with amputations and severe injuries will participate in the Oceanman Lago d’Orta international open-water swim in Italy on June 13–14, according to the Consulate General of Ukraine in Milan.
According to the report, Ukrainian veterans will compete on equal terms with other participants and will cover distances of 2 km and 5.5 km.
Before the start of the competition, the veterans visited the Consulate General of Ukraine in Milan.
The veterans are accompanied by their family members, as well as Yanko Foundation founder Volodymyr Nechyporuk and FlyPoint founder Alona Bezrukava.
Oceanman is an international open-water swimming competition series that brings together participants of various skill levels from countries in Europe and other regions of the world. Lago d’Orta is a lake in northern Italy in the Piedmont region.
The eurozone economy is projected to grow by 0.8% in 2026 and by 1.2% next year, according to a statement from the European Central Bank (ECB) following its June meeting.
Three months ago, the regulator had forecast growth of 0.9% and 1.3%, respectively.
Economic growth in 2028 is now expected to reach 1.5%, up from the previous forecast of 1.4%.
Consumer prices will rise by 3% this year, up from the previously projected 2.6%, the report states. The forecast for 2027 has been revised to 2.3% from 2%.
The ECB also expects inflation in 2028 to be 2%, rather than 2.1%.
Consumer prices excluding energy and food (core inflation) will rise by 2.5% in 2026 (previously expected to be 2.3%), by 2.5% next year (2.2%), and by 2.2% in 2028 (2.1%).
The revision of inflation forecasts is due to a more significant increase in energy prices. At the same time, the deterioration in economic growth estimates “reflects the more pronounced impact of the war in the Middle East on commodity markets, real incomes, and confidence,” the ECB noted in its statement.
The National Bank of Ukraine fined Avangard Bank JSC 2 million UAH for violating financial monitoring regulations, the regulator announced on its website.
According to the NBU’s statement, the bank was fined for improper application of a risk-based approach, failure to identify a financial transaction subject to financial monitoring, and improper analysis of customer transactions for indicators of suspicious activity.
In addition, the regulator issued written warnings to the bank. These warnings concern the improper development and implementation of internal documents on financial monitoring, as well as the submission of erroneous information on foreign exchange transactions to the NBU.
As previously reported, in May, the NBU imposed sanctions on one bank and nine non-bank financial institutions for violations in the areas of financial monitoring and foreign exchange legislation.
Bank Avangard JSC operates in the Ukrainian banking market and provides services to corporate and private clients.
On June 10, Antonov JSC (Kyiv) opened bids from tender participants for civil aviation risk insurance services (under insurance classes 1, 5, and 11), according to the Prozorro e-procurement system.
The price proposal from the sole tender participant, ASK “INGO,” amounted to €5.158 million, with an expected cost of €5.452 million.
As reported, insurance classes 1, 5, and 11 cover: aircraft insurance; air carrier liability insurance for damage caused to passengers, baggage, cargo, and mail; and civil commercial aircraft operator liability insurance for damage caused to third parties.
The company was the winner of a similar tender a year earlier.
INGO Insurance Company JSC has been providing insurance services for 30 years. Since 2017, the Ukrainian business group DCH has been the majority shareholder.
The Arricano Group plans to upgrade the generators at all of its shopping malls in Ukraine, with investments in the project totaling over UAH 50 million, according to Anna Chubotina, CEO of Arricano Real Estate LLC.
“We understand that each facility must have several generators—in case one fails, another must be able to meet the significant power needs of all tenants. Currently, our confirmed investments in generator upgrades will total over UAH 50 million across all projects, including those in Zaporizhzhia and Kryvyi Rih,” she said at the RAU Expo 2026 conference in Kyiv on Thursday.
According to Chubotina, Arricano is considering the possibility of installing a solar power plant at one of its shopping centers in Kyiv. The company plans to implement this project with its own investments next year.
She emphasized that it is important to increase both energy independence and energy efficiency of facilities, which will reduce the burden on shopping center tenants.
“On the one hand, we must ensure the uninterrupted operation of the shopping center, and on the other, reduce the burden on our tenants. Whoever can find this balance will continue to operate successfully,” explained the company’s CEO.
Arricano expects to resume active construction of the Lukianivka shopping and entertainment center in Kyiv after the full-scale war ends, Chubotina noted.
“Currently, our facility is undamaged. It is a priority to resume this project and our plans for the reconstruction of regional facilities once the war ends,” she said.
Arricano Real Estate PLC (Cyprus), through its Ukrainian subsidiaries, owns four shopping centers in Ukraine: the Prospekt shopping center and the RayON shopping center in Kyiv, the CITY MALL shopping center in Zaporizhzhia, and the Soniachna Galereya shopping center in Kryvyi Rih. The company also owns a 49.9% stake in the Sky Mall shopping center (Kyiv) and land plots for the future construction of three properties currently in the design phase. The company is also constructing the Lukianivka shopping center in Kyiv.
ARRICANO, ENERGY INDEPENDENCE, generators, REAL ESTATE, SHOPPING CENTERS
