The first state-certified lobbyists have appeared in Ukraine. As of the end of November, 110 participants had been entered into the relevant Register, which is maintained by the National Agency for Corruption Prevention (NAZK), three months after the Law on Lobbying came into force. Among them are 55 companies, 54 individuals, and one foreign representative office. OpenDataBot analysed the purpose of such a Register and how it will affect business and the state.
The newly created NACP Transparency Register, also known as the lobbyist register, has 108 active participants. The list includes businesses, public organisations and ordinary citizens.
We are tracking changes on the Transparency Register (lobbyists) page on OpenDataBot.
You can find out about the first lobbyists in Ukraine on the Open Data Bot Lobbyist Register page. At the same time, if a company is a registered lobbyist, the corresponding marks will be added to the company’s card on its page in Open Data Bot.
In total, 110 participants have been registered since the Register began operating, but two subsequently suspended their participation. These include 55 companies, 54 individuals and one foreign representative office. Among them are businesses such as Philip Morris Ukraine, the Aurora chain of stores, Metro Cash & Carry Ukraine, ArcelorMittal Kryvyi Rih and Oschadbank, which are included in the Open Data Bot Index 2025.
The leader of this year’s Open Data Bot Index in the banking sector, Oschadbank, was one of the first financial institutions to join the Register. The company explains:
“For a bank whose activities are directly dependent on regulatory control, it is important to interact openly and legitimately with the National Bank and other state bodies. Registration in the Transparency Register allows us to operate within the legal framework, distinguishing between legitimate protection of interests and unacceptable forms of influence.”
Inna Boichuk, Director of Corporate Affairs at Aurora, one of the retail leaders in the Open Data Bot Index 2025, notes that the Law on Lobbying and the Register itself are only tools. In order for this mechanism to work and be truly effective in terms of ensuring transparency of influence on decision-making, it is necessary to work systematically to build trust around the newly created lobbying institution.
“This work should involve government stakeholders, business, the media and society as a whole. In particular, business should openly represent its positions, and the authorities should perceive and accept such interaction as a natural part of the democratic decision-making process. Therefore, at this stage, it would be fair to say that the aforementioned law and the Transparency Register are steps towards the formation of a mature culture of influence on the authorities,” comments Inna Boichuk.
Viktoria Kulikova, Head of the Committees Department at the European Business Association, also mentions the technical nuances during the process of establishing the system.
“We expect the Register to become a truly effective tool for transparent communication. At the same time, it is important to improve the legislation: clarify the definitions of concepts, simplify reporting, and provide practical incentives to registered participants. Only then will the system work effectively and promote accountability on all sides. In particular, the current reporting format is quite technically complex for large business associations that have many lobbying issues (regulatory acts to which the Association submits proposals), hundreds of lobbying beneficiaries (member companies) and a great deal of communication with lobbying targets (representatives of state bodies), information about which we will need to enter into the transparency register,” comments Victoria.
A similar opinion is held by the Union of Ukrainian Entrepreneurs, whose team participated in testing the Register before its launch and shared recommendations for improving interaction.
“For the system to work properly, it is important that there is two-way transparency: not only should businesses register and report, but MPs and government officials should also act transparently, honestly and comply with the law. And for the Register to work effectively, improvements to the legislation are needed, in particular clarification of terms, optimisation of reporting requirements and the establishment of additional incentives for registered lobbyists.”
The SUP notes that the main stage of interaction between newly created lobbyists and the state will begin in January 2026, when the first lobbying report will be submitted. It will be then that it will be possible to fully assess the work of the Register — its workload, functionality and ease of use.
OpenDataBot will track updates to the Lobbyist Register. Now, when checking companies or individuals in OpenDataBot services, users will see a mark indicating registration in the Register. This is another step towards transparency in the business environment and accountability of those who influence political decisions.
https://opendatabot.ua/analytics/lobbyists
The most vivid list of the “worst” is compiled by Pintu News – “10 Altcoins that Crashed During the Month of November 2025.” According to the publication, a number of tokens lost between 58% and more than 97% of their value in 30 days (as of November 23).
Top 10 declines in November 2025 according to Pintu
1. LooksRare (LOOKS) – NFT marketplace
– approximately −79% over the month
– decline in NFT trading volumes (down 41% since Q3 according to Cryptoslam), 30% decline in staking, and liquidity outflow.
2. Fwog (FWOG) – Solana meme token
– approximately −69% in 30 days
– profit-taking by large holders after a previous sharp rally, high volatility.
3. Perpetual Protocol (PERP) – DeFi derivatives
– approximately −67%
– a drop in DeFi derivatives trading volume by more than 28%, a decrease in open interest by approximately 35%, competition with dYdX and GMX.
4. Clearpool (CPOOL) – on-chain lending for institutions
– approximately −61%
– decline in demand for uncollateralized loans, increase in credit risks, and outflow of liquidity from pools by almost 45%.
5. Synthetix (SNX) – synthetic assets and perpetuals
– −60% over the month
– a reduction in trading activity on Synthetix Perps by almost 38%, a 27% drop in protocol revenue, and the exit of market makers.
6. Story Protocol (IP) – intellectual property tokenization
– approximately −58.5%
– cooling hype around Web3-IP, a drop in content token issuance activity by approximately 50%.
7. Metaplex (MPLX) – NFT infrastructure on Solana
– approximately −58%
– a drop in NFT volumes on Solana by approximately 32%, controversial tokenomics, and discussions about fees increased pressure on the token.
8. Jito (JTO) – liquid staking on Solana
– approximately −58%
– decline in staking yields (from ~8.1% to ~6.4% per annum), increased competition from other LST protocols.
9. Drift (DRIFT) – derivative DEX on Solana
– approximately −57%
– reduction in derivatives volumes on Solana by approximately 35%, liquidation of leveraged positions.
10. Pixelverse (PIXFI) – Web3 game
– approximately −97% over the month
– a collapse in in-game transactions by more than 90% and the failure to update the roadmap effectively destroyed the project’s capitalization.
Pintu’s overall conclusion: the vast majority of altcoins lost more than 50% in 30 days in November, and the risks in the low-liquidity and micro-cap project segment have increased sharply.
The National Technical University of Ukraine ‘Igor Sikorsky Kyiv Polytechnic Institute’ has announced its intention to conclude an agreement with VUSO Insurance Company for the purchase of compulsory civil liability insurance for owners of land vehicles (OSAGO).
According to a report in the Prozorro electronic public procurement system, the company’s price offer was UAH 92,300, with an expected cost of UAH 274,100.
The following insurance companies participated in the tender: Guardian – UAH 122,800, TAS – UAH 153,800, NASK Oranta – UAH 153,800, and Kraina – UAH 154,100.
VUSO Insurance Company was founded in 2001. It is a member of the Motor Transport Insurance Bureau of Ukraine and the National Association of Insurers, a participant in the agreement on direct settlement of losses, and a member of the Nuclear Insurance Pool.
According to preliminary data, Ukrainian enterprises and organizations reduced their pre-tax profits from ordinary activities by 9.1% to UAH 655.2 billion in January-September 2025 (compared to UAH 720.6 billion in January-September 2024), the State Statistics Service reported.
According to its data, in the first nine months of 2025, the country’s profitable enterprises earned UAH 810.7 billion in profits, which is 9.2% less than in the same period of 2024.
At the same time, 24.4% of enterprises operated at a loss. Their losses in January-September of this year decreased by 9.6% compared to January-September 2024, to UAH 155.6 billion.
The official exchange rate as of November 28 is UAH 42.1928/USD 1.
Source: https://expertsclub.eu/ukrayinski-pidpryyemstva-za-9-misyacziv-zmenshyly-donalogovyj-prybutok-na-91/
In January-November 2025, the Croatian residential real estate market cemented its status as one of the most expensive and dynamically growing in the EU. Official statistics and private research show double-digit price growth amid a slowdown in the number of transactions and an increased role of the state in addressing the issue of housing affordability.
According to the State Statistics Office (DZS), the average price per square meter of new housing in Croatia in the first half of 2025 was €2,754. This is approximately 15.9% more than in the first half of 2024 and 5.3% higher than in the second half of 2024.
By region. – Zagreb: around €2,958 per square meter (+4.5% year-on-year), rest of Croatia: around €2,511 per square meter, with growth in these cities and towns reaching 22% over the year, reflecting the rapid rise in housing prices in coastal and tourist regions.
The House Price Index shows that in the second quarter of 2025, residential property prices rose by 4.4% compared to the previous quarter and by 13.2% compared to the same period in 2024. According to Eurostat, this is one of the highest figures in the EU in terms of quarterly and annual growth.
According to market analysts’ estimates, the average price of housing (including secondary housing) in the fall of 2025 approached €2,800–2,900 per square meter across the country, which is approximately 70–80% higher than in 2020. At the same time, the average price of apartments is estimated at over €3,800–4,100 per square meter, while houses are slightly cheaper.
Market data shows that the gap between the coast and inland regions is widening:
In Split, the average asking price in October 2025 reached around €5,315 per square meter, almost 15% more than a year earlier.
In Dubrovnik, an apartment costs on average more than €4,100 per square meter, and in prestigious locations, the range is €5,000–7,000 and above.
In Istria and popular locations in Central and Southern Dalmatia, typical prices range from €3,500 to €7,000 per square meter, depending on the class of the property and its proximity to the sea.
Inland regions (e.g., Slavonia) remain significantly cheaper, often in the range of €1,000–2,000 per square meter.
In Zagreb, the average price for apartments is estimated at around €3,400–3,500 per square meter, but there is a significant gap between districts within the city. Analysis of private listings shows that the central and “tram” areas of the capital are significantly more expensive than the suburbs.
A separate trend in 2025 is stagnation and even a slight decline in house prices in some segments. According to one of the largest ad portals, the average price of houses in Zagreb in the middle of the year was around €1,200 per square meter, with price growth slowing more sharply than for apartments.
Despite high prices, the market has not yet shown a full correction. Some analytical reviews note a decline in the number of transactions in the first half of 2025, but this has had virtually no impact on price levels, especially in coastal regions, where supply remains limited.
At the same time, rising interest rates and tighter mortgage lending conditions, which began in 2023–2024, are limiting the options for some households, especially young families. In 2025, the Croatian National Bank tightened macroprudential requirements for banks and mortgage loans in an effort to curb overheating in the housing market and risks to financial stability.
According to Arvio’s report for the first quarter of 2025, foreigners accounted for about 7.19% of all real estate transactions in Croatia. The most active buyers were:
citizens of Slovenia – approximately 30.2% of foreign transactions,
Germany – approximately 21.1%,
Austria – approximately 10.4%.
The total number of transactions involving foreigners has been declining for the third consecutive year: an estimated 13,300 in 2022, 12,300 in 2023, and 11,600 in 2024.
Foreigners traditionally concentrate on the Adriatic coast (Istria, Kvarner, Dalmatia) and the islands, where new apartments and houses ready for immediate occupancy or rental are in demand. It is external demand, combined with limited supply, that largely supports the high and rising price level.
The sharp rise in prices and the decline in housing affordability prompted the government to adopt the first comprehensive National Housing Policy Plan until 2030 in 2025.
Key facts on which the document is based:
there are about 2.39 million housing units in the country, with about 40% not used for permanent residence,
over the past five years, the price of new apartments has increased by approximately 54%,
young families face difficulties in accessing mortgages and a shortage of affordable housing.
In fact, the state is trying to simultaneously cool down overheated market segments and expand the supply of affordable apartments, especially in the medium and long-term rental market.
Based on statistics for the first three quarters and market participants’ expectations, the baseline scenario for the end of 2025 and 2026 is as follows:
Prices will continue to rise, but at a slower pace than the double-digit rates seen in 2023-2024. Already in the second half of 2025, some analysts are noting a slowdown in growth, especially in the housing segment and in regions far from the sea.
The gap between the coast and inland regions will remain: tourist and premium locations will become more expensive faster, while “continental” Croatia will remain relatively affordable, which may support internal migration and local demand.
According to analysts’ estimates, the share of foreign buyers will remain at around 8% of all transactions by the end of 2025 or will decline slightly due to high prices and affordability issues.
The implementation of the National Housing Plan until 2030 will play an important role, including the launch of affordable rental programs, the activation of vacant housing stock, and the adjustment of subsidized home purchase programs.
For Croatia, where real estate has become a key tool for household savings and an object of interest for foreign capital, the coming years will be a test of its ability to combine the goals of economic growth, tourism development, and ensuring basic housing affordability for its own citizens.
According to Serbian Economist, Montenegro’s state-owned energy company Elektroprivreda Crne Gore (EPCG) has announced the installation of Europe’s largest wind turbine at the Gvozd wind farm, which is currently under construction, marking the project’s transition to its final phase, Montenegrin media reported, citing a statement from the company.
According to EPCG, the first 7 MW wind turbine with a tower height of about 120 m and blades 85 m long has been successfully installed at the Gvozd wind farm site. The company specified that upon completion of pre-installation work and equipment delivery in the coming weeks, the accelerated installation of the remaining units will begin, followed by trial operation and final technical testing of the entire complex.
EPCG notes that the Gvoz wind farm should significantly improve the stability and reliability of Montenegro’s energy system, increase the share of renewable sources in the generation structure and further strengthen the country’s position as one of the regional leaders in green energy transformation. The project is being implemented in accordance with European technical, environmental and safety standards.
EPCG Chairman of the Board Milutin Djukanovic said that the installation of the largest wind turbine in Europe confirms Montenegro’s ability to implement projects comparable in scale and technology to the most advanced energy systems in the EU.
EPCG previously reported that upon completion, the Gvozde wind farm will generate approximately 150 GWh of electricity per year, which will cover the consumption of about 25,000 households without the use of subsidies from the state budget.
