The growth potential for the market capitalization of Transcarpathia’s tourism clusters over the next three years could reach 40–50%, and 60% for the Skole District in Lviv Oblast, according to the study “Promised vs. Real” by Ribas Invest and Ribas Hotels Group.
As explained to the “Interfax-Ukraine” news agency, this level of market capitalization is driven by growing tourism demand in regions where competition among professional developers remains minimal.
“The market has learned to look not where everything has already been built, but where infrastructure is just taking shape. The difference in land prices between overheated and new locations is now as much as tenfold—this is the ‘window’ for entry before capital floods in,” explained Artur Lupashko, founder of Ribas Hotels Group.
As part of a comprehensive audit of Ukraine’s hotel and recreational development sector, Ribas Invest has identified clusters of locations where entry costs have not yet peaked, despite rapidly growing demand. These include, in particular, the Sinyak–Pylypets–Podobovets corridor in Zakarpattia, the Skole–Tukhlya corridor in Lviv Oblast, and the Kaniv–Cherkasy corridor along the Dnipro River.
According to the study, the average price per 100 square meters of land in the village of Polyanytsia (Bukovel) is $25,000–45,000, in Pylypets—$3,500–6,000, and in the Skole District—$1,500–3,000. The difference in land prices between these locations reaches 1,000%, while the cost of renting a ready-to-use room differs by only 20–25%.
Researchers also note that by 2026, Zakarpattia will have upgraded rail and road logistics, which will make the region comparable to Ivano-Frankivsk in terms of accessibility—at one-third the cost of assets.
Other promising destinations include the Shatsk–Svitiaz lake region in Volyn, the suburbs of Kyiv, and the Odesa coast, where demand is driven by the desire for safe suburban getaways and energy-independent real estate.
Ribas Hotels Group—founded in 2014 in Odesa—is an international full-cycle hotel management company and a hotel business ecosystem. It integrates the entire process—from site selection, design, and construction to management, franchising, and investment.
Ribas Hotels Group is the only hotel group that independently handles all stages of creating and developing hotel projects.
The company’s portfolio includes 56 projects currently under construction, in the launch phase, or under management, including locations in Ukraine, Poland, Turkey, and Bali. The company develops 3-, 4-, and 5-star city and resort hotels under the brands Ribas Hotels, Ribas Rooms, WOL home + hotel, and Mandra Moments.
The operator’s total room inventory exceeds 1,000 rooms.
HOTEL, INVESTMENT, RIBAS, Skole District, TOURISM, ZAKARPATTIA
High schools and gymnasiums in the Dniprovskyi and Samarivskyi districts of the Dnipropetrovsk Region have received 10 new school buses as part of the Ukraine Facility program, with plans to purchase another 42 by the end of the year, according to Oleksandr Hanzha, head of the Dnipropetrovsk Regional Military Administration.
“The new buses are comfortable and adapted for students with special educational needs; these 10 vehicles will provide transportation for nearly 1,200 students to 32 educational institutions,” he wrote on Telegram on Monday.
In total, according to Hanzha, there are currently 462 school buses operating in Dnipropetrovsk Oblast. Another 42 are planned to be purchased this year. The procurement is being funded by an educational subsidy, co-financed with local communities as part of the Ukraine Facility program.
The head of the Regional State Administration thanked the president, the government, the Ministry of Education and Science, and European partners for supporting this initiative.
BUS, DNIPROPETROVSK REGION, SCHOOL, Ukraine Facility, СТУДЕНТ
Ukrainian pharmaceutical manufacturers expect the government to facilitate the launch of tools for 2D verification of medicines in Ukraine.
As Petro Bagriy, president of the Association of Ukrainian Drug Manufacturers (AULU), told the “Interfax-Ukraine” news agency, this specifically involves facilitating pharmaceutical manufacturers’ access to software that will allow them to verify pharmaceutical products using a 2D code compatible with European systems, as well as the introduction of certain tax incentives for the purchase of the necessary equipment.
Bagriy noted that these issues were discussed during the most recent working meeting of members of the newly established “National Organization for the Verification of Medicines” (NOVLM).
“There is a provision in the new law on medicines stipulating that 2D coding of medicines must be operational in Ukraine by 2028. Such verification is one of the tools for combating counterfeit medicines. Ukraine is integrating into the EU, where this is a mandatory requirement, as only medicines verified by a 2D code are permitted for sale within the EU. Moreover, when exporting their medicines, Ukrainian pharmaceutical manufacturers label their products with 2D codes. But this is expensive; it requires significant investment in equipment and the renovation of packaging facilities,” he said.
The president of the Association of Pharmaceutical Manufacturers of Ukraine (AVLU) believes that not only pharmaceutical manufacturers but also distributors, pharmacies, and healthcare facilities that purchase medicines should participate in the launch of the system.
“We want to build a completely transparent system that will fully satisfy all participants, discriminate against no one, and provide equal rights and opportunities. In addition, it is important for the system to be fully integrated into the EU. We are discussing the possibility of engaging a software developer who will support the 2D verification—specifically, the one who developed it for EU countries—so that our product is fully integrated into all EU markets,” he emphasized.
Bagriy noted that, as a result, the QR codes used in Ukraine will be accepted in Europe, which will help promote Ukrainian medicines in European markets and also simplify the circulation of imported medicines in Ukraine.
“For example, ‘Farmaka,’ which will apply its code to its products, will find it easier to sell them in European pharmacies, and ‘Sanofi’ products will be easier to verify in Ukraine,” explained the president of the AULU.
He noted that “there is an initiative to exempt equipment imported for the implementation of the 2D-coding program for medicines from import duties and VAT.”
In addition, Bagriy reported that the Ministry of Health “is helping to negotiate a preferential price for the software in order to facilitate the financing of this project.”
“We have made a request, and the Minister of Health has promised us support so that we can gain access to software that has already been developed in the EU and be able to use it at a discounted price,” he said.
The president of the Association of Pharmaceutical Companies of Ukraine noted that the pilot system is scheduled to launch on January 1, 2027, and the system is expected to be fully operational as of January 1, 2028.
As previously reported, five pharmaceutical industry associations have registered the “National Organization for the Verification of Medicines” (NOVLM) to prevent and combat the circulation of counterfeit medicines in Ukraine in cooperation with European counterparts and the European Organization for the Verification of Medicines.
Initial registrations of new domestically produced passenger car trailers in April–June of this year rose by 35% compared to the first quarter of 2026—to 6,753 units, which is also 6.8% higher than the figure for the first quarter of last year, according to the Automotive Market Research Institute (AMRI).
“The passenger car trailer segment (gross vehicle weight not exceeding 3,500 kg) is unique to the Ukrainian auto market. It is perhaps the only vehicle sector where imports have completely lost out to local manufacturers, who control 80% of the market, providing private owners, farmers, and small businesses with affordable trailer equipment,” the IDA’s website states.
According to their data, the remaining 20% of the market is divided among domestic resales of used trailers (16.2%), imports of used trailers (3.4%), while the share of new imports amounted to only 0.4%.
“Imports of new trailers are virtually nonexistent, as high logistics costs and customs duties make importing foreign equivalents economically unfeasible given the robust and affordable domestic supply,” experts note.
The most popular models in the second quarter were classic flatbed trailers, trailers for transporting boats and motorboats, platforms (car carriers) for transporting cars, construction materials, and oversized cargo, as well as flatbed-tented trailers and special-purpose trailers for motor vehicles (for ATVs, buggies, and motorcycles).
Trailers with a gross weight of up to 750 kg account for the lion’s share of domestic production (94%).
Experts attribute the popularity of this category to the simplicity of the paperwork (a basic Category B driver’s license is sufficient to tow a trailer), affordability and reliability (they do not require the installation of a complex and expensive braking system), and versatility (they cover 90% of private and small business needs).
In turn, the heavier class (from 750 kg to 3,500 kg), which accounted for 6% of the market, requires an inertia brake and a BE license—these are primarily commercial flatbed trailers for transporting vehicles and heavy specialized equipment.
The leader among Ukrainian manufacturers of passenger car trailers in April–June 2026 is MP “Trailer Plant” (Hlukhiv, Sumy Oblast), with sales of 1,868 thousand units, or more than 27% of the domestic trailer market.
Kyiv-based “NVP-Palych” ranks second with 1,185 thousand units, thanks to its broad model lineup and well-developed sales network.
According to IDA data, third place goes to LLC “Agromotorservice” (Starokostiantyniv, Khmelnytskyi Oblast), known for its “Starkon” models, with 751 trailers.
The top ten also includes manufacturers from Zaporizhzhia, Kremenchuk, Irpin (Kyiv Oblast), Lutsk, and the Vinnytsia and Chernihiv regions.
“The passenger trailer market in the second quarter of 2026 demonstrated complete independence from imports. Ukrainian companies provide consumers with products that are fully adapted to local operating conditions and outperform foreign counterparts in terms of price-to-durability ratio,” the post concludes.
Cyprus’s residential real estate market continued to grow in the first half of 2026 amid steady demand from foreigners, rising construction costs, and active construction in coastal cities.
According to a study by Ask Wire, the average price of an apartment sold in Limassol from January to June was approximately 363,000 euros. In Paphos, this figure was estimated at 262,000 euros; in Nicosia, 183,000 euros; in Larnaca, 171,000 euros; and in the Famagusta area, 150,000 euros.
Data from the Central Bank of Cyprus confirms that the upward trend continues. In the first quarter of 2026, apartment prices rose by 10.8% compared to the same period last year, prices for single-family homes rose by 3%, and the overall residential real estate index rose by 7.5%. The regulator attributes the price increases primarily to sustained demand from foreign buyers, rising construction costs, and the currently limited supply of housing. The report was published on June 23, 2026.
Limassol remains the most expensive market, where a significant portion of the supply consists of luxury coastal complexes, high-rise residential buildings, and properties targeted at international investors. Paphos ranks second in terms of average apartment prices.
Larnaca showed the most notable growth. According to Ask Wire’s estimates, apartment prices in the city rose by nearly 8.9% over the year, and 1,521,000 apartment transactions were recorded in the first half of the year. Demand is driven by prices that are lower than in Limassol, the development of urban infrastructure, proximity to the airport, and foreign buyers’ interest in new seaside properties.
In the first quarter of 2026, foreign buyers accounted for approximately 43.4% of all registered real estate purchase agreements in Cyprus, compared to 40.1% for the full year of 2025. Buyers from countries outside the EU accounted for 29.1% of the market. Official statistics from the Cyprus Land Department are published with a breakdown by EU and third-country buyers but do not include a complete, up-to-date ranking by nationality.
Who Is Buying Real Estate in Cyprus
The main foreign buyer groups include citizens of the United Kingdom, Russia, Israel, Lebanon, and Greece; however, their presence varies significantly by region.
In Paphos, demand from British, Russian, and Israeli buyers is particularly noticeable. At certain times, foreign buyers account for up to three-quarters of local transactions. British buyers tend to purchase properties for relocation, vacation, or long-term residence, while Russian and Israeli demand is largely linked to the relocation of capital, businesses, and families.
Larnaca primarily attracts buyers from Israel and Lebanon. For them, the city is appealing due to its transportation accessibility, relatively low entry barrier, and geographical proximity to the countries of the Eastern Mediterranean.
In Limassol, citizens of Russia, Israel, and Greece remain among the most prominent foreign buyers. Nicosia relies more heavily on domestic demand, while Greeks, Britons, and Australians stand out among foreign buyers there. In the Famagusta region, buyers from the United Kingdom, Greece, and Lebanon play a significant role.
Chinese investors, who were actively present in the Cypriot market from 2020 to 2024, have become less prominent in recent regional rankings. However, official statistics may underestimate the share of foreign capital, as purchases made through companies registered in Cyprus or other EU countries may be counted as domestic transactions.
The market is also being supported by the recovery of mortgage lending: the volume of mortgage loans issued rose by 24.5%, while the average interest rate fell to approximately 3.15%. New, energy-efficient one- and two-bedroom apartments located near the coast are in the highest demand.
Ask Wire expects that by the end of 2026, real estate prices in Cyprus will rise by an additional 3–5% on average, and prices for new energy-efficient apartments will increase by 4–6%. Larnaca is likely to continue growing faster than the national average. The main limiting factors will remain the declining affordability of housing for local residents, a shortage of new supply, and geopolitical uncertainty in the Eastern Mediterranean.
According to Apostrophe, political and media circles in Kyiv are discussing the possible appointment of Brigadier General Dmytro Usov as head of the Kyiv City Military Administration.
There is currently no official confirmation of this information, and other potential candidates mentioned include Kyrylo Fesyk, head of the Obolon District, and the head of the Desnianskyi District.
Usov is a brigadier general and secretary of the Coordination Headquarters for the Treatment of Prisoners of War; he has also served in the Security Service of Ukraine (SBU) and the Main Intelligence Directorate of the Ministry of Defense.
As the publication notes, supporters of this personnel change say that his experience in law enforcement agencies and his military background would strengthen the security component of the capital’s administration, where civil defense and crisis response are critically important.
President Volodymyr Zelenskyy has decided to replace the leadership of the Kyiv City Military Administration (KCMA). Timur Tkachenko is stepping down after a year and a half in office.
Oleksiy Goncharenko, a member of parliament from the “Eurosolidarity” party, stated that Tkachenko may take over as head of the Kyiv Regional State Administration, replacing Mykola Kalashnyk, who was appointed Minister of Recovery, Infrastructure, and Transport of Ukraine.
On July 21, Andriy Tkachov, first deputy head of the Kyiv City Military Administration, temporarily assumed the duties of KMVA head.
On July 22, the Cabinet of Ministers approved the appointment of the former head of the Kyiv City Military Administration (KCMA), Timur Tkachenko, to the position of head of the Kyiv Regional State Administration (RSA).
Appointment, KCMA, KYIV, генерал, Усов
