Business news from Ukraine

Business news from Ukraine

FC “Alfa-Invest Group” Receives Written Warning from NBU for Violations of Foreign Exchange Transactions

The National Bank of Ukraine has issued a written warning to FC “Alfa-Invest Group” LLC for violating the procedures governing foreign exchange transactions, the regulator announced on its website.

According to the NBU’s statement, the violation consisted of failing to provide a retail customer with cash in foreign currency simultaneously with the issuance of a settlement document by the transaction registrar.

No fine was imposed on the company in the NBU’s statement; the measure in question is a written warning.

Alfa-Invest Group LLC operates in the non-bank financial services market.

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France and Italy have opposed EU’s initiative to draft trade agreements exclusively in English

France and Italy have opposed the European Union’s initiative to draft trade agreements exclusively in English in order to speed up the negotiation process, citing constitutional constraints and risks to the multilingual nature of EU institutions, the Financial Times reports.

According to the publication, EU Trade Commissioner Maroš Šefčovič proposed drafting the legal and technical “text” of a new trade agreement with Indonesia entirely in English, with the final text subsequently translated into all 24 official EU languages.

Typically, the process of finalizing trade agreements takes up to two years, as all changes must be agreed upon and implemented in all EU languages. The proposed approach, according to Šefčovič, should reduce the preparation time to one year.

He notes that delays in the process of concluding agreements lead to economic losses and postpone the benefits of trade agreements.

At the same time, France and Italy have expressed objections, citing constitutional provisions and the principle of multilingualism. A French official stated: “This is a matter of the French Constitution. France cannot be bound by or assume obligations under a text that is not drafted in French.”

However, according to sources, there is broad support among EU member states for the idea of accelerating agreement-conclusion procedures.

The European Commission notes that the use of English during the legal and technical drafting phase is standard practice in international negotiations and does not imply a refusal to translate the final documents.

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Shareholders of “Lviv Chemical Plant” Will Hold Remote Meeting on July 6

According to Fixygen, the shareholders of JSC “Lviv Chemical Plant” will hold a general meeting remotely on July 6. According to disclosures in the SMIDA system dated June 5, 2026, the meeting will be held remotely.

Details of the agenda are not disclosed in the provided table.

Lviv Chemical Plant JSC is registered in Lviv. The company operates in the chemical industry and is one of the well-known industrial assets in the Lviv region.

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Ukraine’s exports of metal products fell by 17.9% over 5 months

In January–May 2026, Ukraine’s exports of metal products fell by 17.9% compared to the same period last year, to $351.285 million.

According to statistics from the State Customs Service, exports of metal products amounted to $78.032 million in May of this year.

The decline in metal product exports was more pronounced than the drop in export revenue from ferrous metals, which fell by 6.2% over the same period.

As reported, in 2025 Ukraine reduced exports of metal products by 3% compared to the previous year—to $916.151 million.

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Ternopolgaz Shareholders to Consider Supervisory Board Changes on July 3

According to Fixygen, shareholders of Ternopolgaz, a private joint-stock company for gas supply and gasification, will hold an extraordinary general meeting remotely via a survey on July 3.

According to the company’s announcement, the agenda includes the termination of the powers of the chairman and members of the supervisory board, the election of a new supervisory board, as well as the approval of the terms of civil law contracts with its members and the amount of their remuneration.

The list of shareholders entitled to participate in the meeting is compiled as of June 30, 2026.

Voting will begin on June 23 at 11:00 a.m. and end on July 3 at 6:00 p.m. The ballot for voting on agenda items, excluding the election of the company’s governing bodies, must be posted on June 23, and the ballot for cumulative voting on June 29.

Ternopilgaz PJSC is registered in Kyiv. The company operates in the gas distribution sector and has historically been involved in the distribution of natural gas in the Ternopil region.

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In Varna and Plovdiv, existing homes are becoming more expensive, while new construction is getting cheaper

According to The Serbian Economist, an unusual price paradox has emerged in the real estate market of neighboring Bulgaria: in Varna and Plovdiv, existing homes are rising sharply in price, while prices for new construction have fallen.

According to data from the National Statistical Institute of Bulgaria, in the fourth quarter of 2025, housing prices in the country rose by 12.6% compared to the same period the previous year. At the same time, compared to the third quarter, growth has nearly stalled, amounting to just 0.3%.

The main imbalance is evident between new construction and the secondary market. Nationwide, existing housing rose in price by 15% year-over-year, while new construction rose by 9%.

In Varna, the gap was particularly pronounced: the overall price index rose by 15.1%, but new construction fell in price by 1%, while existing housing rose in price by 23.4%. In Plovdiv, the overall increase was 8.6%, new construction fell by 0.8%, and the secondary market rose by 16.8%.

The reason for this paradox is a shortage of move-in ready apartments. Buyers who need housing immediately are turning more actively to the secondary market. Against the backdrop of limited supply, this is driving up prices for ready-to-move-in apartments. New construction, on the other hand, faces more cautious demand, uncertainty regarding completion dates, and project-related risks.

A similar but less pronounced gap is also evident in other cities. In Sofia, secondary housing prices rose by 14%, while new construction prices rose by 11.3%. In Burgas, secondary housing prices rose by 17.6%, while new construction prices rose by 7.3%. In Stara Zagora, secondary housing prices rose by 23.3%, while new construction prices rose by 10.5%.

For investors and buyers, this is an important signal: the Bulgarian market is not falling, but is becoming more selective. Buyers are willing to pay a premium for a finished apartment in a good location, but are now more cautious about properties under construction.

For the market, this signifies a transition from frenzied growth to a more subdued phase.

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