Business news from Ukraine

Business news from Ukraine

Greenland’s pro-independence supporters win local parliamentary elections

Greenland ‘s pro-independence supporters have won the local parliamentary elections held the day before, Danish Radio reported on Tuesday.

With 100% of the votes counted, the Demokraatit (Democrats) party became the largest party in the 31-seat parliament, winning ten seats. The party adheres to a liberal ideology and advocates gradual independence. The second place was taken by the Nalerak (“Aspiration”) party, which also advocates the island’s independence. It will be represented in the local parliament by eight deputies.

The left-wing socialist party Inuit Ataqvatigiit (Eskimo Union), which was in power in Greenland before the election, was defeated, receiving only seven seats. Their partners from the Social Democratic Party “Siumut” (“Forward”) will be represented in the new parliament of Greenland by four deputies.

Two more seats were won by representatives of the liberal conservatives from the Atassut (“Solidarity”) party.

Voter turnout in the elections was 70.9%.

Meanwhile, although the Democrats received the largest representation in the new parliament of Greenland, they failed to gain a parliamentary majority of 16 seats, so they will have to start coalition negotiations.

Earlier, the Experts Club think tank and Maksim Urakin released a video analysis on the most important elections in the world in 2025 – https://youtu.be/u1NMbFCCRx0?si=AOtHGDT1kGNdZd2g

 

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Klitschko announces opening of traffic on South Bridge in Kyiv from left to right bank

Kyiv’s Defense Council has allowed traffic on the South Bridge from the left to the right bank, while traffic from the right to the left bank will remain closed for now, and restrictions on traffic during air alert on the Podil Bridge and Darnytsia Railway Bridge will be partially lifted, Kyiv Mayor Vitali Klitschko said.

“After consultations with the military, the Kyiv Defense Council allowed traffic on the South Bridge from the left to the right bank,” Klitschko said, as quoted by the Kyiv City State Administration (KCSA) press service in a Telegram message on Wednesday.

Klitschko noted that traffic on the South Bridge from the right to the left bank will remain closed for the time being, except for emergency services, public transport, military vehicles, and transit freight transport.

According to him, traffic restrictions will also be partially lifted during the air raid alert at the Podilskyi bridge crossing and Darnytskyi railway bridge. Only one lane from the left to the right bank will be closed on these bridges during the air alert.

Thus, traffic will move without restrictions: North Bridge; Metro Bridge; Ovchinnikov Bridge; Paton Bridge. E.O. Paton Bridge; Darnytsia Railway Bridge (except for one lane); Podilskyi Bridge Crossing (except for one lane); and the South Bridge – from the left to the right bank.

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India has extended import permit for Ukrainian peas until May 2025

India has officially extended the import permit for peas until May 31, 2025, which is a positive signal for Ukrainian farmers on the eve of the spring sowing campaign, the Ukrainian Pulses and Soybeans Association reported.

The industry association reminded that despite the traditional protectionist policy and restrictions on imports of agricultural products, India periodically opens temporary “import windows”, which are actively used by Ukrainian exporters of pulses.

“Almost all of 2024, a window of opportunity remained open for Ukrainian pea producers, as India, one of the world’s largest consumers of this crop, allowed duty-free imports. Such opportunities encourage farmers to increase their acreage, especially small and medium-sized businesses that are quick to respond to changes in market conditions,” said Antonina Skliarenko, President of the Ukrainian Bean and Soybean Association.

According to her, in 2025, the area under peas in Ukraine may increase by 15%, and in 2026, we can expect an even greater increase in production of this crop.

An additional factor that increases interest in growing peas is the finalization of the opening of the Chinese market for Ukrainian products and the signing of the relevant protocol on March 6, 2025.

“This is a historic event for the Ukrainian pea production, which opens up great export prospects. Given that China introduced a 100% duty on Canadian peas on March 7, Ukrainian producers are gaining a serious competitive advantage,” the head of the business association emphasized.

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In 2025, Agrotrade will increase area under peanuts sixfold

In the 2025 season, Agrotrade will increase its peanut production area sixfold to 33.8 hectares, the company’s press service reported on Facebook.

According to the report, peanuts will be grown as in 2024 in Kharkiv region, where a three-year study will be conducted to understand the patterns of crop development, check the systematic nature and determine the prospects for scaling up in Ukraine.

“The first year was an introductory one for us. We didn’t just grow peanuts, we went through the whole process – from soil preparation to harvesting. It was important to understand how the crop reacts to our conditions: what factors affect yields, how quality changes depending on the growing technology, how it responds to protection products, and what the risks are. We saw that this crop has potential in Ukraine, and based on the results, we decided to increase the sowing area using all the seeds we had collected,” said Oleksandr Ovsyanyk, Director of Agrotrade’s Agricultural Department.

According to him, the first season showed a number of challenges in growing peanuts. Agronomists faced the issues of sowing density, plant protection and choice of care products. In addition, the cultivation of this crop requires a special approach to machinery, so the agricultural holding has developed its own trailed units that help in plant care and adapt the technology to the group’s working conditions.

“This year we will continue the research and check whether the identified patterns are stable,” the agricultural holding promised.

Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). The company cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. The company’s main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a one-time storage capacity of 570 thousand tons.

The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.

The founder of Agrotrade is Vsevolod Kozhemiako.

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State budget financing, % of GDP

State budget financing, % of GDP

Source: Open4Business.com.ua

Overview of commercial real estate market in Serbia in 2024-2025

In 2024, the commercial real estate market in Belgrade showed steady growth, driven by a robust economy and rising consumer demand. Experts predict that the trend will continue in 2025, especially in the central areas and New Belgrade.

Rental rates in different districts of Belgrade

  • Thecenter (Knez Mihailova, Slavija, Terazije) has the highest rental prices.
  • New Belgrade – a business center with dynamic development.
  • Zemun – more affordable premises for small and medium-sized businesses.

Average rental rates (€/month):

  • Center: from €200 for 15-20 m² to €2000 for 100+ m².
  • New Belgrade: from €200 for small premises to €2000 for large areas.
  • Zemun: from €200 to €1500 depending on the size.

The largest international chains choose the center and New Belgrade, while local businesses prefer Zemun and the surrounding area.

New retail projects

  • Belgrade Waterfront is the largest multifunctional complex in the country.
  • New Belgrade – active construction of shopping centers and retail parks.
  • Growing popularity of outlets focused on international brands.

Forecast for 2025

  • Rents will remain stable, with possible adjustments in top locations.
  • Opening of new shopping centers by the end of 2025.
  • Growth of international retailers, which will increase competition in the market.

Belgrade continues to strengthen its position as a promising site for commercial real estate investment.

Source: https://t.me/relocationrs/580