Business news from Ukraine

Business news from Ukraine

Housing prices in Austria have begun to rise again after two years of decline

Austria’s residential real estate market has begun to grow again after a prolonged period of falling prices, according to data from Statistik Austria.
According to the statistical office, in 2025, prices for houses and apartments in Austria rose by an average of 2.6% after falling by 2.6% in 2024 and by 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 highly uneven. According to Global Property Guide estimates, prices continued to decline in some regions, particularly in expensive Alpine and metropolitan areas. In Vienna, the average property price in 2025 was estimated at approximately €779,000, but the annual trend was negative—about -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 buyers, this means that the Austrian market is no longer in a phase of widespread decline, but has not yet returned to its previous overheated growth. Location, property quality, energy efficiency, and access to financing have become more important than the expectation of automatic real estate price increases.

 

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“Kyivmiskbud” has resumed construction work on 11 of 24 residential complexes

Kyivmiskbud has resumed construction work on 11 of 24 residential complexes and plans to commission six of them by the end of 2026, the company’s press service told Interfax-Ukraine

“Construction workers on-site and operating equipment are the best evidence of an effective resumption of operations,” noted Valeriy Zasutsky, the company’s CEO, during a joint on-site meeting between Kyivmiskbud management and members of the Kyiv City Council on Wednesday.

During their visit to the construction sites, the participants of the field meeting paid special attention to the organization of work on the installation of utility networks, as well as the performance of construction and finishing work.

As reported, Kyivmiskbud resumed construction work in March of this year on projects that were already at an advanced stage of completion. Currently, work has resumed on 11 of 24 residential complexes. The company expects to resume work on the “Apricot” residential complex this summer and on the “Akadem Park” residential complex this fall, while preparations are underway to resume construction of the “Otrada,” “Milos,” and “Lake House” residential complexes .

By the end of the year, the developer plans to commission six projects: the “Gvardeysky,” “Freedom,” “Raduzhny,” “Podol Grad,” and “Twin House” residential complexes, as well as the first building of the “Obereg-2” residential complex, which will provide housing for 3,775 families.

“Another 3,800 families will move into their own homes in 2027,” noted Zasutsky.

According to him, the company maintains regular direct communication with all investors in each individual residential complex and keeps them informed about the actual status of each project.

Kyivmiskbud Holding was established in 1994 based on the assets of the state-owned municipal construction corporation Kyivmiskbud by consolidating controlling stakes in 28 enterprises and other assets into its authorized capital. It comprises 40 joint-stock companies in which the company holds shares, as well as six subsidiaries and 51 enterprises with associate member status.

On October 31, 2024, the Kyiv City Council voted to recapitalize “Kyivmiskbud” by UAH 2.56 billion through the issuance and redemption of additional shares. On June 23, 2025, the company’s shareholders approved a resolution to increase the authorized capital by UAH 2.56 billion through the issuance of additional common registered shares. The company received this recapitalization in December 2025. The Kyiv territorial community was the sole participant in the share placement.

According to data from the National Securities and Stock Market Commission, the Kyiv City Council is the main shareholder of PJSC “HC ‘Kyivmast’.”

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Metinvest Digital reported net profit of 4.5 mln hryvnia in first quarter

Metinvest Digital LLC, the IT expertise center of Ukraine’s largest mining and metallurgical holding, Metinvest, reported a net profit of UAH 4.505 million in January–March of this year, compared to a net loss of UAH 13 million during the same period last year.

According to the company’s interim report, which is available to the agency “Interfax-Ukraine,” revenue from ordinary activities for this period increased by 13.2% to UAH 197.735 million.

Retained earnings as of the end of March amounted to UAH 64.058 million.

In 2025, the LLC reduced its net profit by 5.3 times compared to the previous year—to UAH 6.494 million from UAH 34.142 million, while revenue from ordinary activities for this period increased by 0.8%—to UAH 807.236 million from UAH 801.016 million.

The LLC ended 2023 with a net loss of UAH 9.525 million.

The number of employees as of the end of 2025 was 700, and as of the end of 2024, it was 764.

Metinvest Digital is a Ukrainian IT company specializing in the digital transformation of large businesses and implementing projects in Ukraine, Europe, and North America. The company develops, implements, and supports comprehensive IT solutions for building technological infrastructure, developing information systems, strategic outsourcing, data migration, system integration, cybersecurity, and information security. Metinvest Digital is the IT business partner of the Metinvest Group, serving over 30 of the holding’s enterprises worldwide. The company is a certified partner of Microsoft (Gold Certified Partner) and SAP (Silver Partner).

Metinvest Holding LLC owns a 100% stake in Metinvest Digital LLC.

The LLC’s authorized capital is UAH 78.740 million.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine—in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions—as well as in European countries. The holding’s main shareholders are the SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the management company of the Metinvest Group.

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Record 522 kg of cocaine was seized in Hungary; some of routes pass through ports in Montenegro

According to Serbian Economist, Hungarian law enforcement agencies seized a record 522 kg of cocaine, the Hungarian police reported following a press conference.

According to police, the shipment was discovered at the Csepel port in Budapest among a cargo of bananas. Investigators inspected approximately 7,000 boxes and found 438 blocks of cocaine weighing a total of 522 kg. The estimated black market value of the shipment is approximately 43 million euros. Hungarian authorities called this the largest cocaine seizure in the country’s history.

The operation involved the Hungarian National Bureau of Investigation, the Hungarian Tax and Customs Administration, German law enforcement agencies, as well as partners in the Czech Republic and Slovakia.

Police also reported the arrest of several suspects. Hungarian law enforcement officials believe the country is becoming one of the logistics hubs through which large shipments of drugs from South America are distributed further across the region.

International container shipments of cocaine have surged in recent years. While major flows previously passed through major ports in the Netherlands and Spain, shipments are now increasingly being routed to Southern and Central Europe as well, including ports in Montenegro. From there, shipments can be redirected to other countries in the region.

Hungary has no seaports, but it is actively used as a transit country thanks to its rail and road connections with Germany, Romania, Slovakia, the Czech Republic, and the Balkans. Montenegro, which has access to the Adriatic Sea, is also regularly cited in European investigations as one of the most frequent transit points for illicit shipments into the region.

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Oschadbank Increased MHP’s Loan Portfolio by UAH 500 Mln

State-owned Oschadbank increased the loan portfolio of the MHP group of companies by UAH 500 million by providing a blanket credit line to replenish working capital, the financial institution announced on Wednesday.

According to a press release from the bank, taking into account the new financing, the total amount of funds provided to MHP under the general credit agreement exceeded UAH 2.66 billion.

“For companies demonstrating a high level of financial management, Oschadbank is ready to offer not only large credit lines but also flexible financing instruments without collateral,” said Serhiy Chernikov, director of the bank’s corporate business department.

It is noted that the new unsecured credit line will enable the company to finance its current operations, maintain production cycles, and fulfill its obligations to partners.

As reported, Oschadbank’s loan portfolio for the first quarter of 2026 increased by 2.5%, or by 3.14 billion UAH, to 130.59 billion UAH; specifically, loans to legal entities rose by 1.9% to 102.74 billion UAH.

According to the National Bank, as of April 1, 2026, the state-owned bank, with net assets of UAH 500.9 billion, ranked second among the country’s 58 banks.

MHP is the largest poultry producer in Ukraine and also produces grains, oil, and meat products. The agricultural holding’s production facilities are located in Ukraine and the countries of Southeast Europe.

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Moldova may consider unification with Romania if its EU accession is blocked

Moldova may consider unification with Romania as an alternative scenario if negotiations on the country’s accession to the European Union after 2028 are blocked or significantly delayed, reports Euractiv, citing Moldova’s Deputy Prime Minister and Minister of Economic Development and Digitalisation, Eugen Osmochescu.

According to Osmochescu, Chisinau’s main objective remains unchanged – to sign an EU accession treaty by the end of 2028. He emphasised that unification with Romania is not the current official scenario, but could be considered a ‘plan B’ if Moldova’s European integration faces insurmountable political obstacles.

This statement reflects growing concern in Chisinau over a possible delay in the EU enlargement process. Moldova was granted EU candidate status in 2022 alongside Ukraine, and the negotiation process depends not only on the implementation of reforms but also on the political decisions of EU member states.

A potential union with Romania remains a sensitive issue in Moldovan politics. Supporters of such a scenario point to the common language, history and culture, as well as the fact that a significant proportion of Moldova’s citizens hold Romanian citizenship. Opponents believe that the issue could exacerbate internal political divisions, complicate relations with part of the population and intensify the Transnistria problem.

For Romania, any discussion of such a scenario also carries complex political and legal implications. Romania is a member of the EU and NATO, so any proposals for border changes, state unification or the incorporation of new territory would require not only decisions by Bucharest and Chisinau, but also consideration of the positions of the European Union, NATO and international partners.
The Transnistrian factor is of particular significance. The left-bank region of the Dniester has not been under the de facto control of Moldova’s central authorities since the early 1990s; a Russian military contingent is present on its territory, and a political settlement of the conflict remains frozen. Any scenario involving Moldova’s accelerated integration into the EU or unification with Romania will inevitably be linked to the question of Transnistria’s status.

That said, Osmochescu’s statement should for now be viewed more as a political signal to Brussels regarding the need to maintain a clear prospect of membership for Moldova, rather than as the start of an official process of unification with Romania. Chisinau is thus signalling that delays in EU enlargement could prompt a search for alternative paths to European integration.
Moldova covers an area of approximately 33,800 square kilometres and has a population of around 2.4–3.0 million people, depending on the methodology used to count and account for citizens living abroad. Romania is a country in South-Eastern Europe, a member of the EU and NATO, with an area of around 238,400 square kilometres and a population of around 18.8–19.1 million people.

Transnistria is an unrecognised entity on the left bank of the Dniester, which declared independence from Moldova in the early 1990s and is not de facto controlled by Chisinau. No UN member state recognises Transnistria’s independence. It is recognised only by other unrecognised or partially recognised entities – Abkhazia and South Ossetia; it was previously also recognised by Nagorno-Karabakh/Artsakh, which ceased to exist following the events of 2023. The international community regards Transnistria as part of the sovereign territory of Moldova.

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