According to Serbian Economist, a number of Balkan media outlets reported that Turkey has become the largest foreign investor in Montenegro since 2020, with total investments estimated at over €417 million.
At the same time, official statistics show a more “volatile” picture over the years, with Serbia appearing as one of the key sources of capital. Thus, in an analytical review by the Parliamentary Budget Office of Montenegro, based on data on foreign direct investment (FDI) inflows for 2024, Serbia is named as the largest source with €118.2 million, followed by Russia with €109.7 million and Germany with €88.7 million. Turkey was in fourth place in 2024 with €39.5 million (the US with €37.2 million).
In 2025 (January-August), the ranking changed: Turkey took first place with €92.2 million, Serbia took second place with €91.8 million; followed by Russia (€45.3 million), Germany (€41.7 million), and the UAE (€34.7 million).
The key reason for these “swings” is the structure of investments. In 2024, the total gross inflow of SDI amounted to about €891.1 million, of which the largest part was accounted for by real estate transactions (purchase of properties) – €455.3 million, followed by intercompany debt (€292.1 million) and investments in companies and banks (€113.9 million). In other words, the ranking of investor countries largely depends on cycles in the real estate market and large one-off deals.
It is worth distinguishing between the “cumulative total since 2020” and the “leaders of a particular year.” Publications about Turkey’s leadership are based on the aggregation of several years and emphasize the acceleration of Turkey’s presence in the last 1-2 years. In particular, reports citing the Turkish-Montenegrin Chamber of Commerce estimate that investments from Turkey in 2024 amounted to approximately €100.9 million, and in 2025 (for 10 months) – approximately €110.8 million.
Serbia, in turn, remains a “structural” investor for Montenegro: in SDI statistics, it regularly ranks among the leaders, and in 2024 it took first place. In practical terms, this reflects the close connection between the two economies — from business and banking and service cooperation to active demand for real estate and tourism, which is why the Serbian share reacts significantly to the housing market situation and seasonality.
Overall, Montenegro’s SDI profile for 2020-2025 remains “real estate-tourism,” which means that the composition of leaders by country may change more rapidly than in economies dominated by long-term industrial projects.
Politechnoservice LLC (Brovary, Kyiv region) will supply 16 new low-floor 12-meter PTS trolleybuses to Kyivpastrans Municipal Enterprise by December 1, 2026, for a total amount of UAH 306.24 million.
According to information in the Prozorro system, the parties signed the relevant agreement on January 26 after Politechnoservice won the tender with an expected purchase amount of UAH 306.344 million.
The tender was announced by Kyiv on January 7, 2026. In addition to Politechnoservice, a tender offer was submitted by BAS Motor, the manufacturer of Bogdan trolleybuses. It offered trolleybuses for UAH 306.336 million.
PTS trolleybuses manufactured no earlier than 2025 have a passenger capacity of more than 100 people, including 34 seats (four of which are for priority passengers) and space for a passenger in a wheelchair.
The PTS T12309 trolleybus (with a body manufactured by the Turkish company IF-U) only has emergency autonomous drive.
As reported, similar trolleybuses are being purchased, in particular, by Chernivtsi.
According to openddatabot, in 2024, Politechnoservice LLC increased its net profit tenfold compared to 2023, to UAH 75 million, with a 2.2-fold increase in revenue, to UAH 377.2 million.
A shipment of 76 emergency generators from EU strategic reserves arrived in Kyiv on Tuesday to restore power supply to Ukrainian settlements.
According to an Interfax-Ukraine correspondent, this is immediate assistance from the EU for urgent needs and is part of the EU’s ongoing support for Ukraine’s energy security.
During a conversation with journalists, European Union Ambassador to Ukraine Katarina Mathernova noted that she was pleased to have the opportunity to “demonstrate the concrete assistance that the European Union is providing to Ukraine.”
“This is only a small part of the equipment that we are transferring to Ukraine. Another part is still at customs,” she said.
The ambassador explained that this is part of 447 generators previously announced by the European Commission due to extremely low temperatures in Ukraine in January. The total cost of these generators is EUR 3.7 million.
In general, more than 10,000 generators have already been transferred through the European Union’s Civil Protection Mechanism since the start of Russia’s full-scale invasion of Ukraine.
In total, as Maternova noted, the EU has already provided EUR 190 billion in aid since the start of the full-scale invasion.
Kernel, one of Ukraine’s largest agricultural holdings, has discussed new opportunities for development in the EU market and agreed on prospects for deepening its partnership with Spanish sunflower and olive oil supplier Aceites Abril, the agricultural holding’s press service reported on Facebook.
It is noted that the topic of the meeting in Orense (Spain) was the expansion of vegetable oil supplies to Europe and the adaptation of logistics. The parties discussed the range, potential volumes, and practical solutions to ensure the stability and predictability of exports.
“We talked about specific things: logistics, supply flexibility, and opportunities to expand the range for the EU. It is important for us to build predictable, long-term models of cooperation. We continue to develop partnerships in the EU, focusing on supply stability, effective commercial solutions, and long-term mutually beneficial cooperation,” said Andriy Paladiy, director of oil and protein trading at the agricultural holding, whose words are quoted in the report.
Founded in 1962, Spanish company Aceites Abril S.A. is one of Spain’s leading family-owned vegetable oil producers. It specializes in the production of Extra Virgin and Virgin olive oil, as well as sunflower, soybean, and grape seed oil. The company owns a factory in the industrial zone of San Sibao das Vinhas and its own logistics terminal in the port of Vigo, which exports products to more than 60 countries around the world. The company is consistently among the ten largest players in the industry in Spain.
Before the war, the Kernel agricultural holding company ranked first in the world in sunflower oil production (about 7% of global production) and exports (about 12%). It is one of the largest producers and sellers of bottled oil in Ukraine. It is also involved in the cultivation and sale of agricultural products.
The sugar factories of the agro-industrial company Ukrprominvest-Agro (UPI-Agro) have completed processing the 2025 sugar beet harvest, during which they processed 1.6 million tons of sugar beets and produced 226,000 tons of sugar, the agricultural holding’s press service reported on Facebook.
It is noted that 1.6 million tons of sugar beets for further processing at the Gaysinsky and Kryzhopilsky sugar factories were harvested from an area of more than 30,000 hectares, 50% of which belonged to the program’s partners.
In addition, 47,600 tons of syrup have been stored at the Gaysinsky sugar factory, which will allow for the additional production of 26,700 tons of sugar in the off-season.
The agricultural holding specified that 92% of the products produced in the 2025/2026 season meet the criteria of category I. The juice extraction season at the Gaysinsky sugar factory ended on January 16, and at the Kryzhopilsky factory on January 18.
UPI-Agro recalled that 27 sugar factories operated in Ukraine in the 2025/26 season. With an expected production of 1.8 million tons of sugar, UPI-Agro’s share of the market was about 14%, confirming the company’s position among the top three sugar producers in Ukraine.
The company emphasized that the season was marked by difficult weather conditions, shelling of energy infrastructure, and electricity shortages. Despite this, the factories demonstrated high operational efficiency. In particular, the Haisyn sugar factory showed the best results in Ukraine in terms of energy efficiency.
Ukrprominvest-Agro is engaged in the cultivation of agricultural crops, the production of sugar and flour, and meat and dairy farming. The group’s land bank exceeds 116,500 hectares. The agricultural holding is located mainly in regions that have not been invaded by Russian occupiers.
The group’s sugar business is represented by two sugar factories in the Vinnytsia region. The total elevator capacity for storing agricultural crops is 120,000 tons.
Ukrprominvest-Agro includes Agroprodinvest Group LLC, Podillya PJSC, Zorya Podillya LLC, Vinnytsia Bread Products Plant No. 2 LLC, Dniproagrolan AF, Ivanivtsi, Mas-Agro LLC, Pravoberezhne LLC, and Progress-NT LLC.
Since December 2019, the owner of the agricultural holding has been Oleksiy Poroshenko, the son of the former president of Ukraine.
India has reaffirmed its support for a comprehensive, just, and sustainable peace in Ukraine in accordance with international law and the UN Charter, including respect for territorial integrity and sovereignty, said the Indian Ambassador to Ukraine during a reception in Kyiv on the occasion of the 77th Republic Day of India.
Speaking in the presence of Ukrainian Deputy Foreign Minister Oleksandr Mishchenko, the ambassador noted that India supports “practical cooperation among all interested parties” and quoted Prime Minister Narendra Modi: “This is not an era of war.”
The ambassador also stressed that India remains one of Ukraine’s main trading partners despite the ongoing conflict and that Indian companies “will be happy to play a role in the restoration and reconstruction of Ukraine,” pointing to potential cooperation in the fields of digital public infrastructure, manufacturing, green energy, and new and promising technologies.
According to the speech, India will continue its humanitarian aid and plans to finance a $1.5 million project to modernize the surgical center of the Zbarazh Central Hospital in the Ternopil region as part of the High Impact Community Development Projects.
The ambassador also noted the growing interest in Indian culture and language in Ukraine and pointed out that the bilateral cultural cooperation program provides a framework for expanding exchanges, scholarships, and people-to-people contacts.
India recognized Ukraine’s independence on December 26, 1991. Diplomatic relations were established on January 17, 1992, and the Indian Embassy in Kyiv opened in May 1992. The Ukrainian Embassy in New Delhi was established in February 1993.
Republic Day is a national holiday in India, celebrated on January 26 to mark the coming into force of the Constitution in 1950, when India became a sovereign democratic republic. The date was chosen to commemorate the Indian National Congress’s proclamation of “Purna Swaraj” (complete self-rule) in 1930.
