Business news from Ukraine

Business news from Ukraine

Zelensky said that elections could take place in 60-90 days after security is ensured

Ukrainian President Volodymyr Zelensky said that he is asking the US and Europe to ensure security for the elections, after which Ukraine will be ready to hold them in the next 60-90 days.

“Not only that, I am now asking, and I am stating this openly, for the US to help me, possibly together with European colleagues, to ensure security for the elections. Then, in the next 60-90 days, Ukraine will be ready to hold elections. I personally have the will and readiness to do so,” Zelensky told reporters on Tuesday.

At the same time, the president noted that the issue of elections in Ukraine depends primarily on Ukrainians, not on the people of other countries.

He stressed that he is ready for the elections, but explained that security and a legislative basis for their legitimacy are necessary for the elections to be held.

“Further, since this is how things have turned out, I ask that the deputies of our faction, in principle, our parliamentarians, prepare legislative proposals on the possibility of changing the legislative framework and the law on elections during martial law,” Zelensky added.

According to him, he is waiting for proposals from partners and deputies and is ready to go to the polls.

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Mayor-elect of Bucharest: Romania’s prime ministerial candidate has won election

The Serbian Economist reports that the candidate of the National Liberal Party of Romania (PNL), backed by Prime Minister Ilie Bolojan, Ciprian Ciuc won the early election for mayor of Bucharest with about 36% of the votes after almost all ballots were counted.

According to Romanian and international media, Ciuc beat far-right Alliance for the Unification of Romanians (AUR) candidate Anca Alexandrescu, who received about 22% of the vote, as well as Social Democratic Party (PSD) nominee Daniel Belutse, who came in third. The election was seen as a test of the influence of AUR, which is leading in part of the nationwide polls.

The post of mayor of the Romanian capital became vacant after the former mayor Nicusor Dan was elected president of the country in 2025, necessitating an extraordinary vote. The victory of the EU-oriented liberal candidate is seen by observers as an important political success for incumbent Prime Minister Bolojan and his pro-European ruling coalition amid the growing popularity of right-wing and far-right forces in the region.

Analysts note that the outcome of the Bucharest election reduces the risk that one of the first capitals of an EU member state could become a city governed by a radical right-wing party, while strengthening the government’s position ahead of further political battles at the national level.

https://t.me/relocationrs/1901

 

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New Czech government is being formed

On Monday, November 3, ANO party leader and likely future Czech Prime Minister Andrej Babiš signed a coalition agreement with the far-right Freedom and Direct Democracy (SPD) party and the Motorists for Themselves political force, Radio Prague International reports, citing European Truth.

After four weeks of negotiations, the parties agreed on the main program goals of the future government, as well as the distribution of ministerial portfolios among the parties.
“The agreement defines political priorities, the number of ministers, and the principles of government personnel formation,” ANO representatives said.

The next step will be to submit proposals for the composition of the government, followed by a vote in parliament.
Tomio Okamura, leader of the SPD, who was nominated jointly by the SPD, ANO, and Motorists, is expected to become speaker of the Chamber of Deputies.

During the election campaign, Okamura repeatedly made anti-Ukrainian statements, in particular regarding the restriction of the rights of Ukrainian refugees in the Czech Republic.
After the election of the speaker of parliament, the current government must resign, which will pave the way for the formation of a new cabinet headed by Babiš.

On October 27, Czech President Petr Pavel officially tasked Andrej Babiš with forming a government after the ANO party won the parliamentary elections on October 3–4, 2025.
ANO received the most votes among all political forces, ahead of the Together coalition and the Social Democrats.

According to preliminary data, Babiš’s cabinet will consist of 15 ministers, half of whom will be appointed by ANO, five by the SPD, and two by the Motorists party.

Andrej Babiš already headed the Czech government in 2017–2021. His ANO party positions itself as “centrist” and advocates strong state support for business. The SPD is known for its Eurosceptic and anti-immigration positions, while the Motorists for Themselves party advocates for the liberalization of traffic rules and lower taxes for the transport sector.

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Catherine Connolly wins Irish presidential election

Catherine Connolly, an independent candidate, won a landslide victory in the Irish presidential election, Reuters reported on Saturday.
Connolly, who was backed by left-wing opposition parties, received more than 64.7% of the vote.
Heather Humphreys of the centrist Fine Gael party came in second with 28.2%.
Connolly, a 68-year-old lawmaker from Galway, built her campaign around messages of “peace,” “unity,” and “neutrality.” She comes from the far left of the Irish political spectrum and was supported by Sinn Féin, the Labour Party, the Social Democrats, and other left-wing parties.
Connelly has been highly critical of the United States and the European Union, even though Ireland is largely supportive of the EU. She has expressed her disagreement with the increase in military spending in the EU since the start of the war in Ukraine. Connelly has also criticized the US, the UK, and France for their role in the war in Gaza.
“The Irish president is largely a figurehead who rarely uses her powers to review the constitutionality of legislation, but often speaks on the world stage and invites other heads of state to the country,” Reuters notes.

 

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Serbian President Allowed Possibility of Holding Early Elections in 2026

As reported by the Serbian Economist, Vučić said: “We can hold presidential and parliamentary elections together” already in 2026.

Serbian President Aleksandar Vučić announced that he will not run for another presidential term and also allowed the possibility of holding early elections as soon as 2026.

“I officially have about a year and a half left until the end of my mandate. But it will probably last shorter — we can hold presidential and parliamentary elections together,” Vučić said.

He emphasizes that he does not intend to change the Constitution to extend his rule.
Vučić’s current presidential term officially ends in 2027, but he allows that elections could be scheduled as early as December 2026 or even earlier.

In part of his statements, he criticized the opposition, saying its representatives are “immature and irresponsible” and “do not learn from their own mistakes.”

Aleksandar Vučić has held key state positions in Serbia since the early 2010s. In particular:
• He became President of Serbia on June 1, 2017.
• Before that, he led the government (as Prime Minister) and was the leader of the Serbian Progressive Party (SNS) for many years.

Source: https://t.me/relocationrs/1522

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Results of parliamentary elections in Czech Republic and their impact on Ukraine

In the Czech Republic, Andrej Babiš and his ANO party won the parliamentary elections on October 3–4, 2025, receiving about 34.7% of the vote. Petr Fiala’s party, which previously led the Spolu coalition, came in second with ~23.4% of the vote. The election results were analyzed by the Experts Club information and analytical center.

Babiš faces a difficult task in forming a coalition: his party did not win a single-party majority, and cooperation with right-wing and populist parties — the SPD (Freedom and Direct Democracy) and the Motorists movement — is being considered.

Babiš has promised to increase social benefits, reduce taxes, and focus more attention on intra-European issues. He has repeatedly criticized substantial military and material assistance to Ukraine and promised to review the Czech Republic’s participation in the initiative to supply ammunition to Kyiv. At the same time, Babiš is trying to position himself as a pro-European politician, although his rhetoric often aligns with nationalist and Eurosceptic forces.

Several possible consequences for Ukraine can be identified from the results of the Czech elections:

1. Reduction of preferential support and military aid. The new government may seek to reduce the Czech Republic’s contribution to collective assistance to Ukraine or review its financial commitments, especially regarding the ammunition supply program. Babiš has already stated that he intends to “reduce support.”
2. A change in diplomatic tone. The Czech Republic may shift the focus of its foreign policy away from confrontation with Russia, especially if the government seeks more pragmatic relations within the EU and Central Europe.
3. Increased influence of right-wing and populist movements in the region. Babiš’s victory could stimulate the growth of nationalist and Eurosceptic parties in neighbouring countries and increase tensions over Kyiv’s policies in Central Europe. The Czech Republic may join the camp of countries that criticise sanctions or delay common European decisions.
4. Risks for Ukraine’s integration. The Czech Republic’s change of course could affect support for Ukraine within the EU, influence “stabilization funds,” and lobbying for European support at the pan-European level.

The current changes in the Czech Republic are a key indicator of how quickly the political landscape of Central Europe is changing. It is important for Ukraine to monitor the format of the coalition that will be formed and the foreign policy program of the new Czech cabinet.

Earlier, the Experts Club information and analytical center called the elections in the Czech Republic one of the most important in the world in 2025. A video about elections around the world is available on YouTube:

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