Business news from Ukraine

Business news from Ukraine

Moldova approves two new gas supply routes from Greece to Ukraine

Moldova’s National Energy Regulatory Agency (ANRE) has introduced two new routes through its gas transmission system (GTS) for gas transit from Greece to Ukraine, the regulator said.

“These products (supply services) are designed to facilitate natural gas flows from Greece to Ukraine through the Trans-Balkan infrastructure, contributing to the strengthening of regional energy security, diversify supply sources, and make efficient use of transport capacity, in accordance with the request of Vestmoldtransgaz LLC (Moldova’s GTS operator) and a joint initiative by the natural gas transmission system operators of Greece, Bulgaria, Romania, Moldova, and Ukraine,” the ANRE said in a statement.

The regulator specified that this refers to “two new special capacity products – Route 2 and Route 3, which will be available from December 2025 to April 2026.”

The new services will be offered monthly through parallel auctions on the RBP platform using a single price algorithm, with discounts applied to the tariffs of transit country operators. “The introduction of these products will increase gas transit volumes through Moldova’s transmission system and indirectly create the conditions for optimizing natural gas transportation tariffs in the future,” the statement said.

The regulator recalled that in May this year, a monthly service product called “Route 1” was introduced, designed for use at interconnection points on the Trans-Balkan pipeline connecting the natural gas transportation systems of Greece, Bulgaria, Romania, Moldova, and Ukraine.

As reported, in May this year, gas transmission system operators in Bulgaria, Greece, Moldova, Romania, and Ukraine developed a scheme for the supply of American liquefied natural gas (LNG) from Greece to Ukraine via the “Vertical Gas Corridor,” agreeing on a single tariff for gas transit with a 25% discount. The aim of the project is to ensure gas injection into Ukraine’s underground gas storage facilities in preparation for the heating season.

In July, Moldovan Energy Minister Dorin Jungiatu reported that the Moldovan state-owned company Energocom had successfully tested the delivery of LNG from the US via the Vertical Gas Corridor, pumping regasified fuel from a port in Greece to Ukraine’s underground gas storage facilities.

In early November, pipeline company ICGB, the independent operator of the Greece-Bulgaria interconnector (IGB), together with the gas transmission system operators of Greece, Bulgaria, Romania, Moldova, and Ukraine, signed an agreement to launch two new routes for the delivery of natural gas from Greece to Ukraine. The gas transmission system operators of these countries proposed to make these routes available from December 2025 to April 2026.

According to ICGB, route 2 starts at the Amphitrite interconnection point on the DESFA network, passes through the Greek-Bulgarian interconnector (IGB) and then along the Trans-Balkan corridor: Amphitrite – Komotini (IGB) – Stara Zagora – Negru Voda 1/Kardam – Isaccea 1/Orlovca – Câșcavii – Grebeni.

Route 3 starts at the IGB interconnection point with the Trans Adriatic Pipeline (TAP) and follows the same route: Komotini (IGB entry from TAP) – Stara Zagora – Negru Voda 1/Cardam – Isaccea 1/Orlovca – Câșcav – Grebeni.

The design capacity of the “Vertical Gas Corridor” in the Greece-Bulgaria direction is 3 billion cubic meters per year. The gas pipeline operator does not rule out increasing its capacity to 5 billion cubic meters, depending on market interest.

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Gas supplies from Greece to Ukraine will begin in January

The agreement with Greece on gas supplies to Ukraine is part of a large energy package prepared for the winter, and gas supplies will begin in January, Ukrainian President Volodymyr Zelensky said.

“Gas supplies will begin in January, and it is important that our first agreements will be implemented in the first quarter. In addition to the agreement on operational gas supplies, there are also urgent agreements,” Zelensky said during a press conference in Athens on Sunday.

The president noted that he discussed this today with Greek Prime Minister Kyriakos Mitsotakis. In addition, he thanked the US for the opportunity to receive not only gas through Greece, but also energy from the United States.

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Greece’s “Golden Visa” – program features from relocation

The Greece Golden Visa program, in effect since 2013, offers residency in Greece (and access to the Schengen area) in exchange for investment.

Key points of the program.

1) Real estate investment: the minimum threshold starts at €250,000 in less popular areas.

2) However, in August 2024, a differentiated threshold was introduced for popular areas: in Attica, Santorini, Mykonos, and other areas, it rose to €800,000.

3) Discounts are possible: for properties requiring renovation or conversion, the threshold remains €250,000.

4) The visa is issued for 5 years, with the possibility of extension if the investment is maintained.

5) The visa holder can include their spouse, children under 21, as well as parents and parents of their spouse without having to prove dependency.

Current trends and investor interest

Following the closure of the “golden visa” program in Spain and other countries, Greece is becoming one of the main destinations for investors, and interest from Americans has already grown significantly.

The procedure for issuing a residence permit is becoming faster — in some cases, residency is granted in about 60 days.

http://relocation.com.ua/golden-visa-greece-features-of-the-program-from-relocation/

 

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Ukrainians have positive or neutral attitude towards Greece — research

The attitude of Ukrainians towards Greece remains largely positive, although almost half of the respondents express a neutral position. This is evidenced by the results of a nationwide sociological survey conducted by Active Group in collaboration with the information and analytical center Experts Club in August 2025.

According to the study, 47.7% of Ukrainians have a positive attitude towards Greece (37.7% — mostly positive, 10.0% — completely positive). Only 2.3% of respondents rated the country negatively (1.7% — mostly negative, 0.7% — completely negative). At the same time, 48.7% of citizens remain neutral, and 1.7% admitted that they do not have enough information about this country.

“For Ukrainians, Greece is primarily associated with cultural heritage, tourism, and historical proximity to European traditions. This creates a generally positive image, although not as pronounced as in the case of Ukraine’s strategic partners,” commented Active Group co-founder Oleksandr Pozniy.

In turn, Maksim Urakin, founder of Experts Club, emphasized the economic aspect of the relationship:

“In the first half of 2025, trade turnover between Ukraine and Greece exceeded $784 million. At the same time, exports from Ukraine amounted to only $193.8 million, while imports from Greece reached over $590 million.

The negative balance of approximately $397 million indicates a significant trade imbalance, which is of strategic importance for the further development of bilateral economic relations,” he said.

The survey is part of a broader study analyzing the international sympathies and antipathies of Ukrainians in the current geopolitical context.

The full video can be viewed at: https://www.youtube.com/watch?v=YgC9TPnMoMI&t

You can subscribe to the Experts Club YouTube channel here: https://www.youtube.com/@ExpertsClub

 

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Foreigners have stepped up their real estate purchases in Greece

According to the Bank of Greece (BoG), foreign investment in Greek real estate rose to €2.75 billion in 2024, coming mainly from EU countries, while maintaining high growth rates.

Quarterly data also confirms high interest, especially in tourist regions and large cities. In the first six months of 2024, real estate purchases accounted for 54.2% of all foreign direct investment (FDI) in the Greek economy — an absolute record.

Top 10 countries investing in Greek real estate (approximate data)

Unfortunately, BoG’s public data does not yet reveal the exact figures for each country, but some trends are clearly visible:

  1. Cyprus — approximately €320 million in real estate investments (+126% compared to the previous year).
  2. Turkey — Greek real estate attracted investors from Turkey for an amount that increased 2.7 times compared to 2022.
  3. 3–10. The rest of the list probably includes Germany, the UK, France, Russia, the US, China, Switzerland, and other countries, given the overall structure of FDI as a whole. For example, the largest investors in shares (FDI) in the Greek economy are: Luxembourg (17.5% of shares), Cyprus (11%), the Netherlands (10%), and Switzerland (6.7%) — which suggests similar positions in the real estate segment.

Ukrainians and Russians are represented, but their share is not among the top three countries investing in real estate. Their contribution is comparable to other investments from Eastern Europe — most likely within the 3-5th echelon, depending on regional preferences.

The main buyers are concentrated in Athens, Attica, Thessaloniki, Chalkidiki, as well as on popular islands such as the Cyclades and Ionian Islands. The apartment segment remains the leader — about 64% of investments, followed by villas and townhouses (~19%).

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Greek residential real estate market 2025: analysis and forecast for 2026 by Relocation

The Greek residential real estate market 2025 continues to show steady growth despite global economic challenges. Demand for housing remains high among both local residents and foreign investors, which contributes to higher prices and the development of new projects.

Current market situation

  • Price growth: According to The Luxury Playbook, the average cost of residential real estate in Greece in 2024 was $292,700, and it is expected to reach $364,500 by 2029. This indicates a steady increase in housing prices.
  • Foreign investment: The Golden Visa program continues to attract foreign investors. In 2024, more than 11,870 visas were issued, bringing in more than €2.9 billion in foreign direct investment in the real estate sector.
  • Tourism and leasing: Growth in tourism is driving demand for short-term rentals, especially in popular tourist destinations such as Athens, Thessaloniki, and the islands. However, the government is introducing restrictions on new short-term rental licenses in central Athens to balance the interests of locals and tourists.

Forecast for 2026

  • Stabilization of price growth: House price growth is expected to slow but remain positive. Annual growth is projected at 3.2% to 3.7% until 2029.
  • Infrastructure development: Large projects, such as Ellinikon on the Athens Riviera, continue to attract investment and contribute to infrastructure development, making the region more attractive to buyers.
  • Impact of interest rates: Rising interest rates may affect the availability of mortgage financing, especially for local buyers. This could lead to a decrease in demand for housing in some market segments.

Recommendations for investors

  • Consider investing in developing areas: Areas with developing infrastructure and high potential for price growth may offer attractive investment opportunities.
  • Consider changes in legislation: Keep up to date with new regulations and restrictions, especially those related to short-term rentals, to avoid unexpected obstacles.
  • Assess risks: Consider the opportunities for real estate investment. However, it is important to carefully analyze the market and consider all possible risks when making investment decisions.

Source: http://relocation.com.ua/rynok-zhytlovoi-nerukhomosti-hretsii-2025-roku-analiz-i-prohnoz-na-2026-rik-vid-relocation/

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