Kyivstar Group Ltd. (Nasdaq: KYIV), the parent company of Ukraine’s largest telecommunications operator Kyivstar, has announced the opening of its own office at Rockefeller Center in New York, marking an important stage in the company’s international development following its historic Nasdaq listing in August 2025.
“The opening of our New York office is an important milestone in the international development of Kyivstar Group Ltd.,” Kyivstar President and CEO Oleksandr Komarov was quoted as saying in the release.
According to him, a presence in one of the world’s key financial centers will help strengthen relations with investors and international partners, as well as expand cooperation.
The Kyivstar office is located at 1270 Avenue of the Americas. It is expected to support the company’s investor relations and corporate communications activities, as well as strengthen its presence in the United States.
“The opening of the office also creates additional opportunities to present Ukrainian business and its investment potential to the international community,” Kyivstar emphasized.
At the same time, the office will not perform commercial, contractual or operational functions on behalf of the Group, the press release said.
The company recalled that Kyivstar is celebrating the first anniversary of its Nasdaq listing this summer. During this period, the company continued to develop its portfolio of digital products and implement strategic initiatives, including the expansion of digital healthcare services, the development of the Uklon platform and the introduction of new telecommunications solutions, including Starlink Direct to Cell.
“In addition, the new office will become the New York base for the Invest In Ukraine NOW! initiative launched by VEON and Kyivstar in August 2025,” the company said.
As reported, Kyivstar increased EBITDA in the second quarter of 2026 by 21.1% to UAH 8.3 billion, while revenue rose by 27% to UAH 14.9 billion.
In 2025, the Group increased EBITDA by 30% to UAH 27 billion, while revenue grew by 30.3% to UAH 48.2 billion.
According to Serbian Economist, the total volume of investment in Belgrade’s office real estate in 2025 grew to EUR 131 million, compared to EUR 14 million a year earlier, amid steady demand for prime-class properties and moderate new space supply, Serbia Business reports.
The total volume of modern office space in Belgrade reached 1.46 million square meters at the end of 2025, with more than 65,000 square meters of new space added during the year (about +5% year-on-year). Annual take-up amounted to 180,000 sq m, which is 9% lower than in 2024.
Vacancy in the market at the end of 2025 is estimated at 5.67% (within the “healthy” range of 5-10%), while in the prime segment it fell to 2.5%, reflecting a shortage of quality space. In the transaction structure, 43% were contract renewals and 40% were new leases.
Rental rates remained stable: prime offices – EUR 16-18 per sq. m per month, with rates exceeding EUR 19 in top properties, and class B remaining in the range of EUR 12-14.
Industry consultants generally confirm the trend of stable supply and sustained demand for high-quality space. CBRE indicated that in 2025, Belgrade’s office stock increased by more than 72,000 sq m of speculative supply, while IO Partners recorded stable prime rates at EUR 18-19 and an increase in stock of 86,900 sq m over the year.
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According to Serbian Economist, Serbia’s commercial real estate market will develop around Belgrade and expressway and railway corridors over the next decade, with the most dynamic growth expected in the office and industrial-logistics segments, according to the analytical report “Serbia real estate & construction outlook 2025–2035.”
According to the document, by 2035, Belgrade’s high-quality office stock could increase to 1–1.2 million square meters. The main demand will be provided by IT companies, engineering centers, the financial sector, and international service centers, while in Novi Sad and Niš, more compact clusters of office space focused on technology and research are forming.
The report identifies industrial and logistics real estate as the fastest-growing segment. Experts predict that by 2035, the total volume of modern warehouse space in Serbia could double or triple, with key logistics hubs forming in the Belgrade–Pancevo–Simanovci, Novi Sad–Ruma–Inđija, Kragujevac–Kraljevo, and Niš–Leskovac, as well as along international corridors X and XI.
Individual industry reviews confirm the stability of the industrial segment: according to consulting company iO Partners, in the first quarter of 2025, there were more than 1.2 million square meters of Class A warehouse space on the Serbian market, with vacancy rates remaining at around 6.5% and base rental rates at €5 per sq m per month, indicating a balanced supply and demand structure.
The report identifies potential delays in infrastructure projects, high financing costs, and political cycles that could affect the timing of major development programs as risks for commercial real estate. As strategic recommendations, investors are advised to focus on energy-efficient offices and industrial parks linked to international transport corridors, while the authorities are advised to accelerate the harmonisation of building standards with EU requirements and the digitisation of procedures for commercial projects.
Henriette Tøgsø, CEO of Danish company Terma A/S, announced the opening of a representative office in Ukraine at a meeting at the Ukrainian Ministry of Defense.
According to the press service of the Ukrainian Defense Ministry, Deputy Minister of Defense for Aviation Development Oleksandr Kozenko held a meeting with a delegation from the Danish company TERMA A/S, led by its CEO. The talks focused on strengthening the aviation capabilities of the Armed Forces of Ukraine.
During the talks, the parties focused on key areas of cooperation, in particular: the experience and prospects of integrating Terma A/S equipment into the existing fleet of the Ukrainian Air Force, improving aviation systems and means of detection, warning, and counteraction using solutions from the Danish company.
During the discussion, the Deputy Minister also invited Terma A/S management to consider participating in promising projects in the domestic military and civil aircraft industry.
In turn, Tyugesen informed the Ukrainian side about the opening of the company’s representative office in Ukraine, which demonstrated Terma A/S’s serious intentions to develop its business in the country.
Terma A/S is Denmark’s largest manufacturer of defense and aerospace products, with more than 2,000 employees worldwide. The company offers radar systems, avionics, and space electronics. Terma’s headquarters are located in Lystrup, Denmark.
Czech arms manufacturer Excalibur Army has opened an office in Ukraine, according to the company’s press service.
“This step is aimed at strengthening local cooperation, optimizing logistics, and launching joint defense production on Ukrainian soil,” the statement said.
The company noted that as a member of the Czech-Slovak Group (CSG), Excalibur Army has played a decisive role in supplying weapons and military equipment to Ukraine since the first days of the conflict with the Russian Federation.
“We have delivered more than a thousand ground systems to Ukraine, including tanks, infantry fighting vehicles, artillery systems, and missile launchers, as well as more than two million large-caliber ammunition rounds. With the new office, our company aims to expand its presence and intensify cooperation with Ukrainian defense and industrial partners. Thanks to our cooperation with Ukrainian Armored Vehicles, we have already prepared a project for the local production of large-caliber ammunition,” the company said.
The Ukrainian office will handle orders, documentation, and technical consultations, which will significantly speed up response times and increase operational flexibility.
In 2024, the office real estate market in Riga demonstrates stability, supported by economic growth and increased business activity. Despite the moderate pace of construction of new business centers, the demand for modern office space remains high, especially in the city’s central districts and business zones.
Thus, the office real estate market in Riga continues to develop, remaining attractive to occupiers, especially in modern business centers and flexible office spaces.
Source: http://relocation.com.ua/ohliad-ofisnoi-nerukhomosti-ryhy-vid-relocation/
