Business news from Ukraine

Business news from Ukraine

Austria’s residential real estate market has returned to growth after prolonged period of price declines

Austria’s residential real estate market has returned to growth after a prolonged period of price declines, according to data from Statistik Austria.

According to the statistical agency, prices for houses and apartments in Austria rose by an average of 2.6% in 2025, following declines of 2.6% in 2024 and 2.3% in 2023. Thus, the market showed positive annual growth for the first time in two years.

The recovery accelerated in the second half of 2025. In the fourth quarter, housing prices rose by 3.5% year-over-year and by 0.8% compared to the previous quarter. New housing prices increased by 3.1% over the year, while existing housing prices rose by 3.6%.

The return to growth is linked to the gradual stabilization of the mortgage market, reduced uncertainty following a period of high interest rates, and a decline in new construction supply. After a sharp rise in borrowing costs in 2022–2024, some buyers postponed their purchases, but demand began to gradually return in 2025.

However, the recovery remains uneven. According to Global Property Guide estimates, prices continued to decline in certain regions, particularly in expensive Alpine and metropolitan locations. In Vienna, the average property price in 2025 was estimated at approximately EUR 779,000, but the annual trend was negative—around -6.6%. In Tyrol, the decline was estimated at -13.7%, and in Salzburg at -9.1%. At the same time, Carinthia, Styria, and Upper Austria showed growth.

For investors, Austria remains one of the most stable markets in Europe, but returns require more precise calculation. High prices in Vienna, Salzburg, and Tyrol limit the potential for rapid growth, while more affordable regions may appear more attractive against the backdrop of recovering demand.

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Experts are calling for depoliticization of the prosecutor’s office and return to professionalism

The reform of the prosecution bodies in Ukraine must move from political and personnel experiments to the restoration of professionalism, the depoliticization of the position of prosecutor general, real prosecutorial self-government, and a clear delimitation of powers between law enforcement agencies, the participants of the “Capital Region” discussion club believe.

“Over 34 years of Independence, Ukraine has seen 18 prosecutors general and acting prosecutors general. Every second or third of them declared reform as a main priority, but a deep institutional transformation has still not taken place,” political consultant and chairman of the board of the Institute of Ukrainian Politics Oleksiy Usachov said at a press conference at the Interfax-Ukraine agency on Monday.

According to him, the history of the prosecutor’s office of independent Ukraine can be conditionally divided into several stages. The first was connected with the post-Soviet formation of the system, when the heads of prosecution bodies were mainly professional prosecutors who had passed through all levels of the service hierarchy. The next stage, according to Usachov, was characterized by the politicization of the position of prosecutor general, when the prosecutor’s office increasingly became an element of political struggle.

“The prosecutor general increasingly began to be defined by society as a political figure. This resulted in political scandals, processes around the prosecutor’s position, and the allocation of positions according to party affiliation rather than according to the level of integrity and professionalism,” he noted.

Usachov also pointed out that after the Revolution of Dignity, the reform of the prosecutor’s office took place under the significant influence of politicians and international partners, while the system saw the emergence of the practice of appointing people without sufficient prosecutorial experience to the highest positions.

“The system is unbalanced; it has more slogans and declarations than real practical actions. After attempts to disperse everyone and assemble everything anew, there have been no major positive results, since professional personnel were washed out of the prosecutor’s office, while many random and inexperienced people came instead. Proximity to the President’s Office, to the authorities, to the party of power remains the primary reason for a person’s presence in office. The leveling of open competitions and professionalism is the key shortcoming that is currently observed with regard to the prosecutor’s office,” the chairman of the board of the Institute of Ukrainian Politics emphasized.

For his part, lawyer and former Deputy Prosecutor General of Ukraine Oleksiy Bahanets stated that the current model of the prosecutor’s office has become the result of a long-term legislative narrowing of its functions.

“For me, this topic is painful, because I devoted 35 years to work in the prosecution bodies and passed through all service levels — from the district prosecutor’s office to the position of deputy prosecutor general. Therefore, I have something to compare it with: with the Soviet period, with the years of the formation of independence, and with the years of the first wave of the war in the east,” he emphasized.

Bahanets also clarified that the general supervision function of the prosecutor’s office was abolished with the adoption of the 1996 Constitution, but, according to him, subsequent legislative changes effectively deprived the prosecutor’s office of a number of important mechanisms of influence over legality.

“The new Criminal Procedure Code and the new law on the prosecutor’s office in fact became stages in the destruction of the system that had already been working. Under the pretext of bringing its activities in line with European standards, functions that allowed the prosecutor to really influence compliance with laws were eliminated or substantially narrowed,” Bahanets said.

He emphasized that in different European countries prosecutors’ offices have different scopes of powers, and therefore references to a single “European standard” in this area are incorrect.

“There is no single European standard for the prosecutor’s office. Prosecutors’ offices in different European countries exist with different functions. Therefore, not everything that is offered to us under the guise of European experience can be mechanically transferred into the Ukrainian legal system,” he stressed.

According to Bahanets, the prosecutor’s office has lost the ability to effectively represent the interests of socially vulnerable citizens in courts, while the representation of the state’s interests has been narrowed to exceptional cases.

“The prosecutor has in fact been blurred as a defender of the constitutional rights and freedoms of citizens against lawlessness, primarily on the part of state authorities. And this was one of the components of the system of checks and balances,” he said.

The former deputy prosecutor general also criticized the state of procedural guidance in criminal proceedings. According to his assessment, today a prosecutor often does not have sufficient tools to influence an investigator or the head of a pre-trial investigation body.

“Today the prosecutor has been turned into a simple observer of lawlessness that sometimes takes place in law enforcement bodies. He does not have in his arsenal the proper powers to influence an investigator or the head of a pre-trial investigation body so that they comply with the law,” the lawyer said.

He also drew attention to the consequences of the re-certification of prosecutors in 2019-2020, as a result of which a significant number of dismissed employees were reinstated by courts, while considerable sums of compensation were paid from the state budget. According to him, when the process of certification and re-certification is discussed, one should recall not only slogans but also facts, since there are thousands of prosecutors reinstated by courts and funds that the state paid in connection with unlawful dismissals.

Separately, he expressed the opinion that the prosecutor general should not be perceived as a political position and proposed establishing a requirement for a candidate for this post to have mandatory significant experience working in prosecution bodies, including in managerial positions, as well as strengthening the role of prosecutorial self-government in the procedure for appointing and dismissing the head of the system.

The founder of the sociological company Active Group, Andriy Yeremenko, for his part, drew attention to the fact that society perceives the prosecutor’s office not in isolation, but as part of the broader law enforcement system and the authorities as a whole.

“An ordinary person does not distinguish where the Ministry of Internal Affairs is, where the prosecutor’s office is, where the courts are, and where NABU is. They see that something around them is bad and conclude that the entire law enforcement system is bad. Society wants to see professionals. From the citizens’ point of view, this is a person who has relevant experience and has not been caught in corruption. In the ideal image, experience in the body, involvement in the defense forces, consistency, and a career passed not from the street are important,” he emphasized.

At the same time, he stressed that even when the prosecutor’s office takes positive actions, it often loses the information battle, since society notices scandals better than the internal self-purification of the system.

“When someone in the prosecutor’s office is caught from the outside, it immediately becomes very noticeable and turns into a negative. But internal self-purification remains unnoticed. This is a problem of information work and transparency,” Yeremenko said.

He also emphasized the need for educational work regarding the powers of various state authorities.

“If society does not like the procedure for appointing the prosecutor general, this is a question for the Verkhovna Rada, which must amend the law. One cannot demand from the prosecutor’s office something that does not belong to its competence,” the sociologist noted.

Lawyer and member of parliament of the 4th, 5th and 6th convocations Valeriy Bondyk noted that the prosecutor’s office must remain a professional and independent element of the system of checks and balances.

“The prosecutor’s office in the state has always been a supervisory body, the state’s eye. The system of checks and balances works when there is an independent, strong, qualified and professional prosecutor’s office,” he added.

Bondyk recalled that the Criminal Procedure Code of 2012 was adopted after a broad discussion involving universities, scholars, the Ministry of Internal Affairs, the Prosecutor General’s Office and the judicial community. At the same time, according to him, certain norms, in particular regarding the mandatory registration of statements in the Unified Register of Pre-Trial Investigations, now create a significant burden on the system.

“The legislator’s idea was understandable: to prevent the concealment of crimes and latent crime. But the practical implementation of this norm gave rise to other problems, because everything automatically gets into the register and a pre-trial investigation begins,” he noted.

He also drew attention to the consequences of the liquidation of the military prosecutor’s office and military courts, which, in his opinion, is especially noticeable under martial law.

“Wartime has shown that it was not necessary to reduce and liquidate military courts and a powerful military prosecutor’s office. There are military personnel, there are military laws, and now we see that these flaws are taking effect,” Bondyk stressed.

At the same time, he positively assessed the readiness of the current leadership of the prosecutor’s office to speak publicly about corruption cases within the system.

“To the credit of the current prosecutor general, Ruslan Kravchenko, he does not veil such cases. He honestly and openly says that there are problems, and that the internal inspection or anti-corruption bodies are dealing with them. This is a healthy trend — not to hide problems, but to bring them out so that they do not repeat themselves,” the lawyer said.

Oleksiy Usachov, summing up the discussion, noted that after his appointment Ruslan Kravchenko declared the right tasks regarding the continuation of prosecution reform, but society expects not only declarations, but also practical results.

“The political process in Ukraine is built in such a way that one can declare the best intentions and really want to change the situation, but it may not work out because of political obstacles, a lack of votes, funds, understanding, or personnel. We would not want the word ‘reforms’ to once again become an irritant for society,” he emphasized.

Among the key recommendations voiced as a result of the discussion, the participants named the depoliticization of the procedure for appointing the prosecutor general, ensuring the institutional autonomy of the Specialized Anti-Corruption Prosecutor’s Office, the real independence of prosecutorial self-government, transparent disciplinary procedures, adequate remuneration for prosecutors, and constant integrity checks not only during competitions but also in the course of work.

Also among the necessary steps, according to the experts, are the institutional strengthening of the area of war crimes investigations, optimization of the staffing structure while improving the quality of work, a clear delimitation of the functions of the Security Service of Ukraine, NABU, the State Bureau of Investigation and other bodies, as well as the real implementation of ethical standards by prosecutors.

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From June 1 to 7, European countries will launch week of intensified enforcement targeting motorcycles, bicycles, and electric scooters

From June 1 to 7, 2026, European countries will carry out Operation ROADPOL Two-Wheelers, aimed at intensifying enforcement against two-wheeled vehicles and micromobility devices.

According to ROADPOL’s 2026 plan, inspections will focus on riders of motorcycles, mopeds, bicycles, and electric scooters. The organization notes that these road users are among the most vulnerable, and the popularity of two-wheeled vehicles and light electric mobility devices in Europe continues to grow.

During the checks, police will pay attention to the technical condition of vehicles, protective gear, visibility on the road, and driver behavior. In some countries, checks will also target speeding, dangerous maneuvers, cell phone use while driving, tire condition, unauthorized modifications, as well as alcohol and drugs.

Three main categories will be subject to increased scrutiny: motorcycles and mopeds, bicycles, as well as electric scooters and other light electric vehicles.

ROADPOL is conducting this operation for the second year in a row. In 2025, a pilot operation revealed a high level of violations: for example, in Belgium alone, police inspected 420 electric scooters, 611 mopeds, 5,216 bicycles, and 568 motorcycles, identifying 1,118 violations.

The goal of the campaign is not just to issue fines, but to reduce the number of fatalities and serious injuries on Europe’s roads.

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Swiss company has acquired 51% stake in TIS container terminal at Port of Pivdennyi

The Mediterranean Shipping Company (MSC) shipping group, headquartered in Geneva and one of the world’s largest, has acquired a 51% stake in the TIS container terminal at the Port of Pivdennyi, according to a report by Latifundist citing data from YouControl.

According to YouControl data, the largest beneficial owners of TIS are MSC owners Diego and Alexa Aponte, each holding 25.5%.

In March of this year, it was reported that global container operator DP World sold its stake in the TIS container terminal nearly six years after acquiring it; the TIS Group bought it back.

According to DP World’s annual report, it owned a 51% stake in TIS Container Terminal Limited, listed as a multipurpose terminal.

According to YouControl, other owners and beneficiaries of the TIS container terminal include Alexey Fedorichev and his “Fedkom Invest SAM” – 18.375%, Oleg Kutateladze – 9.19%, and brothers Yegor Grebennikov and Andrey Stavnitser – 11.72% and 9.72%, respectively.

Viktor Berestenko, President of the Association of International Freight Forwarders of Ukraine, confirmed this information in a comment to Latifundist and noted that MSC’s arrival could, to some extent, intensify competition among container terminals and provide a boost to the development of port infrastructure in Ukraine.

As reported in May 2025, Medlog, a subsidiary of MSC, acquired from Grebennikov a 50% stake in the intermodal logistics operator N’UNIT and a 25% stake in the cross-border terminal “Mostiska.”

In 2024, MSC announced the completion of a deal to acquire a 49.9% stake in the German logistics group Hamburger Hafen und Logistik AG (HHLA), which operates the Odessa Container Terminal (OCT).

The TIS Terminal Group is the largest stevedoring operator in Ukraine. The group comprises five terminals: “TIS-Container Terminal,” “TIS-Coal,” “TIS-Ore,” “TIS-Grain,” and “TIS-Mineral Fertilizers.” The group also owns and operates the largest infrastructure network, which includes a railway station.

According to information on the TIS Group website, the container terminal is the longest (600 m) and deepest (15 m) container terminal in the country. Its container handling capacity is 8 million tons/400,000 TEU per year. In 2021, Maersk consolidated all of its port calls in Ukraine at this terminal.

According to data from the YouControl system, the revenue of Pivdennyi Container Terminal LLC in 2025 decreased by 24.8% to 840.78 million UAH, while net profit fell by 2.8 times to 208.35 million UAH.

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Inter-Polis Insurance Company to Allocate UAH 5 Mln for 2025 Dividends

At a meeting on April 29, the shareholders of Inter-Polis Insurance Company (Kyiv) approved a resolution to allocate 25.5% of the net profit for 2025 to dividend payments, amounting to UAH 5 million.

As the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC), on May 22, 2026, the company’s supervisory board also adopted a decision establishing the date for compiling the list of persons entitled to receive dividends, as well as the procedure and deadline for their payment.

The dividend per share is UAH 58.6421. The dividend payment period is until October 28, 2026 (inclusive).

As reported, in 2025, the company earned a net profit of UAH 19.603 million.

IC “Inter-Polis” was founded in 1993.

As reported, the shareholders of Inter-Polis are JSC Ukrzaliznytsia (50.0041%) and Yevhen Chernyak (24.715%), two individuals holding stakes of 6.25% and 6.18%, and Rent Estate Company LLC – 6.29%.

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Five Ukrainians Selected for Talents Sarajevo 2026

According to Serbian Economist, five representatives from Ukraine and 45 other young filmmakers from 13 countries in Southeast Europe and the Caucasus have been selected for the international Talents Sarajevo 2026 program. The program will take place as part of the 32nd Sarajevo Film Festival from August 14 to 21.

“In total, the organizers received 632 applications. The theme of this year’s program is ‘Reality, Rewritten’,” the organizers stated.

Five representatives from Ukraine are among the program participants. Yelyzaveta Toptygina and Kyrylo Zemlyanyy will join the Directors Summit, Anastasia Zakhilko will join the Producers Summit, Anna Mikheenko will join the Editing Studio, and Yana Dudko will join the Talent Press.

Participants will work in eight professional sections: Directors Summit, Producers Summit, Acting Studio, Camera Studio, Editing Studio, Pack & Pitch, Script Station, and Talent Press. The program includes masterclasses, workshops, professional discussions, film screenings, and meetings with international mentors.

According to the organizers, the theme “Reality, Rewritten” explores how contemporary cinema reinterprets reality, collective authorship, and the roles of various participants in the creative process.

Talents Sarajevo has been held since 2006 in partnership with Berlinale Talents and is one of the leading platforms for young filmmakers in the region. The program is supported by Creative Europe MEDIA.

The 32nd Sarajevo Film Festival will take place from August 14 to 21, 2026.