Business news from Ukraine

Business news from Ukraine

Ukrainian citizens ranked fourth in terms of number of home purchases in Turkey in July 2025

In July 2025, Ukrainian citizens ranked fourth among foreign buyers of real estate in Turkey, according to data from the Turkish Statistical Institute (TÜİK).

Russian citizens were the leaders in terms of the number of properties purchased, with 315 transactions. In second place were Iranian citizens (152 transactions), followed by German citizens (135 transactions).

Ukrainians purchased 134 properties in July, which allowed them to take fourth place in the ranking.

Iraqi citizens closed out the top five with 120 transactions.

The top ten also included Azerbaijan (93 transactions), Kazakhstan (65 transactions), Saudi Arabia (64 transactions), Palestine (52 transactions), and China (51 transactions).

It should be noted that a month earlier, in June 2025, Ukrainian citizens ranked second in terms of the volume of housing purchases in Turkey, second only to Russians.

According to TÜİK, the Turkish real estate market continues to attract foreign buyers, but the distribution of leaders by nationality varies significantly from month to month depending on the tourist season, price fluctuations, and investment interests.

 

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Eurozone showed growth of 0.1% in second quarter — Romania leads way, Ireland in red

The eurozone economy grew by 0.1% in the second quarter of 2025 compared to the previous three months and by 1.4% year-on-year, according to revised data from the EU statistics office (Eurostat). The figures were in line with previous estimates and analysts’ expectations.

In January-March, the eurozone’s GDP grew faster, by 0.6% quarter-on-quarter and 1.1% year-on-year.

Ranking of eurozone countries by GDP growth in Q2 (quarter-on-quarter)

  1. Ireland — down 1.0%
  2. Germany — down 0.1%
  3. Italy — down 0.1%
  4. Netherlands — up 0.1%
  5. France — up 0.3%
  6. Spain — up 0.7%
  7. Romania — up 1.2%

Overall, the EU economy grew by 0.2% in the second quarter and 1.5% year-on-year.

Among the largest economies in the eurozone, Germany and Italy showed a moderate decline, while France and Spain showed significant growth. The largest increase was recorded in Romania, and the largest decline was in Ireland.

This is the second estimate of the change in eurozone GDP out of three; Eurostat will present the final data on September 5.

Earlier, the information and analytical center Experts Club made a video analysis of the prospects for the Ukrainian and global economies. For more details, see the video — https://youtu.be/kQsH3lUvMKo?si=F4IOLdLuVbYmEh5P

 

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Bitcoin and Ethereum break historical records – Fixygen

Today, cryptocurrency markets attracted attention: Bitcoin set a new historical high, exceeding $124,000, while Ethereum approached a record level, trading near $4,780.

According to Reuters, Bitcoin reached a new all-time high of $124,002.49, driven by active institutional investment, expectations of monetary policy easing by the Federal Reserve, and favorable regulatory steps by the US administration.

Confirming this trend, MarketWatch reports that Bitcoin’s growth is supported by growing investor interest and has gone against the strengthening of the dollar, with the country taking a more loyal stance towards cryptocurrencies.

Meanwhile, Ethereum is also showing steady growth, trading at $4,780.04, approaching its record highs of 2021. According to Aldía News, Ethereum jumped from around $4,220 at the start of trading last week to highs of around $4,790, just shy of its all-time high of $4,866.

The cryptocurrency boom continues to accelerate: Bitcoin is up ~30% since the start of the year, consolidating above $124,000. Ethereum is keeping pace, almost reaching its all-time high.

Institutional investments, ETFs, favorable regulatory steps, and expectations of interest rate cuts are the main factors driving the current momentum.

 

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Italian government plans to restrict presence of Chinese investors in key companies

The Italian government plans to restrict the presence of Chinese investors in key companies to avoid possible tensions in relations with the US, Bloomberg reports, citing informed sources.

The plans concern companies that the government considers strategic, both private and state-owned, the sources said. One of the most notable examples is Italian tire manufacturer Pirelli & C. SpA, 37% of which is owned by Chinese state-owned Sinochem International Corp.

Earlier this year, Pirelli stripped the Chinese investor of its management control after facing the threat of sales restrictions in the US, its main market. As reported, Washington has banned the import or sale in the country of connected cars that use Chinese equipment or software.

Sinochem insists that its investment in Pirelli is long-term, while Rome is considering options to pressure the Chinese investor to sell its stake, sources say.

The situation surrounding Pirelli shows the difficulties Europe faces in the new geopolitical reality. The region welcomed Chinese investors after the 2008 financial crisis, but now seeks to reduce its dependence on Beijing in order to protect strategic industries and maintain good relations with US President Donald Trump.

Among other companies from which Italy would like to oust Chinese investors is CDP Reti SpA, which controls the country’s power grids, sources say. A subsidiary of State Grid Corporation of China owns 35% of CDP Reti and has two seats on its board of directors.

Another example is power plant manufacturer Ansaldo Energia SpA. Although Shanghai Electric has already reduced its stake in the company from 0.5% to 40%, the very presence of a Chinese investor prevents the company from participating in a number of tenders and competitions in the US energy market, according to one of the sources.

In total, about 700 Italian companies have Chinese investors, but the government is mainly focused on large firms in strategic sectors, including energy, transport, technology, and finance.

 

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Residential rents in Europe skyrocketing: Istanbul prices have risen by 206%, Athens is cheapest

According to a recently published report by Deutsche Bank, the highest increase in rents for three-room apartments in European city centers between 2020 and 2025 was recorded in Southern and Eastern Europe, reaching 206%. These figures are from a study covering 67 cities worldwide, including 28 in Europe.

According to Eurostat, housing prices in the EU rose by 27.3% quarter-on-quarter (from Q1 2020 to Q1 2025), while rents rose by 12.5% between June 2020 and June 2025. However, growth exceeded the average in central city areas.

The most expensive and cheapest cities in 2025:

  • The most expensive is London: rent for a three-room apartment is around €5,088 per month.
  • Expensive cities: Zurich, Geneva, Amsterdam — over €3,800; Dublin, Luxembourg, Paris, Copenhagen, Munich — over €3,000,
  • Cheapest — Athens: €1,080. Cheaper options are also available in Budapest (€1,225), Istanbul (€1,614), Warsaw (€1,881), and Helsinki (€1,928).

The highest rental growth (2020–2025):

  • Istanbul — +206% (leader),
  • Lisbon — +81%; Prague — +73%; Edinburgh — +71%,
  • Barcelona – +65%; Madrid – +59%; Athens and Warsaw – over +50%.
  • The lowest growth was in Helsinki:

Overall, the findings show that Southern and Eastern Europe have lost their relative affordability in terms of housing rentals, while the major financial and political centers of Western and Northern Europe remain the most expensive, but affordability in Eastern Europe is declining rapidly.

Source: http://relocation.com.ua/housing-rentals-in-europe-are-rapidly-becoming-more-expensive-istanbul-prices-have-risen-by-206-athens-is-the-cheapest/

 

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Exports of ferrous metals from Ukraine increased by 3.8% to $1.82 bln

In January-July of this year, Ukrainian metallurgical companies increased their revenues from exports of ferrous metals by 3.8% compared to the same period last year, to $1 billion 816.128 million.

According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 7.79% of total export revenues during this period, compared to 7.73% in January-July 2024.

In July, export revenues amounted to $277.615 million, compared to $275.767 million in the previous month.

At the same time, Ukraine increased imports of similar products by 9.1% to $954.486 million in January-July 2025. In July, products worth $144.918 million were imported.

In addition, in January-July 2025, Ukraine increased exports of metal products by 2.6% to $568.849 million. In July, exports amounted to $57.062 million.

Imports of metal products during this period increased by 7.7% to $658.076 million. In July, these products were imported for $137.568 million.

As reported, in 2024, Ukrainian metal companies increased their revenues from exports of ferrous metals by 16.9% compared to the previous year, to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% over the past year, to $1 billion 478.814 million.

In 2023, Ukraine reduced its revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods during this period, while in 2022, the share was 10.3%. At the same time, Ukraine increased imports of similar products by 37% in 2023, to $1 billion 307.05 million.

In addition, in 2023, Ukraine reduced exports of metal products by 16.6% compared to 2022, to $877.92 million. At the same time, imports of metal products increased by 40.3%, to $902.57 million.

 

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