Business news from Ukraine

Business news from Ukraine

Vucic announced dates for early parliamentary elections in Serbia

According to Serbian Economist, Serbian President Aleksandar Vucic said that early parliamentary elections in the country could be held in October, November, or December 2026, the Beta agency reported.

According to Vučić, the date of the elections will depend on the agreements of the political participants, if they are ready for dialogue.

Student groups have previously demanded the appointment of early elections, while part of the opposition claims that the authorities are in no hurry to announce them.

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Cyprus Parliament discusses tightening rules on property purchases by foreigners

The Cyprus Parliament is considering initiatives that could significantly tighten the rules on property purchases by third-country nationals and foreign-controlled companies, amid discussions about housing affordability and the risks of uncontrolled land sales.

In particular, the AKEL party has submitted two bills to the House of Representatives that would introduce measurable restrictions for buyers from countries outside the EU. It is proposed to allow third-country nationals to purchase only one residential property with a size restriction (up to 200 square meters), as well as one office (up to 300 square meters) and one store (up to 200 square meters). At the same time, companies with foreign interests, according to the initiative, should be completely deprived of the right to purchase housing.

Another set of proposals concerns strengthening control over ownership structures: it is envisaged that the ultimate beneficial owner of a transaction will be required to disclose their identity in order to prevent purchases through Cypriot or European companies that are effectively controlled by non-residents from third countries.

AKEL also proposes to ban real estate purchases in areas near critical infrastructure, including ports and airports, as well as in coastal and buffer zones, and to completely ban the sale of forest and agricultural land to foreign buyers from countries outside the EU.

The party says the initiatives aim to protect the right to housing for local households, reduce pressure on prices, and take security factors into account. Discussion of the bills is expected to begin in the relevant committee after the Epiphany holidays.

Who mainly buys real estate in Cyprus

According to the audit service, in 2024, 4,321 transactions out of 15,797 (27.4%) were made by buyers from countries outside the EU, with the report noting that the actual share may be higher due to purchases through companies registered in the EU or Cyprus.

Statistics presented in parliament by Interior Minister Constantinos Ioannou for the period from September 2024 to September 2025 show that the most active foreign buyers are British, Israeli, and Russian, with notable transactions by citizens of Greece, Lebanon, and Romania. In terms of regions, for example, the British led in Paphos (890 purchases), followed by Israelis (683) and Russians (327), while in Limassol, Russians (846) and Israelis (571) were the largest buyers.

Ukrainian citizens have also appeared in the rankings of the top 10 most active real estate buyers in Cyprus in different years.

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Chairman of Verkhovna Rada strongly condemned statements made by Speaker of Chamber of Deputies of Czech Parliament

The Chairman of the Verkhovna Rada, Ruslan Stefanchuk, considers the statements made by the Speaker of the Chamber of Deputies of the Czech Parliament, Tomio Okamura, against providing weapons to Ukraine to be an example of ignorance and cynicism.

“Tomio Okamura’s New Year’s address is a striking example of ignorance, manipulation, and cynicism. By once again insulting Ukraine and Ukrainians, he is actually harming and discrediting the Czech Republic and the Czech people, who remain on the side of dignity and justice, on the side of Ukraine,” Stefanchuk wrote on Facebook on Friday.

According to him, Ukraine is grateful to the great Czech people and their worthy representatives for all their help and support in difficult times.
In Stefanchuk’s opinion, the statements of the Czech speaker are exclusively his personal position, not the position of the Czech parliament and the Czech people.

“I am convinced that the harshest assessment of Okamura’s words will be given by the Czechs themselves — and, of course, by history, in which his name is unlikely to be preserved. And we will definitely find out whether he was a useful idiot or an FSB agent,” the speaker of the Ukrainian parliament emphasized.

According to Česke noviny (CTK), Speaker of the Chamber of Deputies Tomio Okamura (SDP) “once again spoke out on social media against providing weapons to Ukraine.”

“I believe that our republic will jump off the Brussels train, which, despite warnings from the US government, is heading towards World War III… I understand that it is profitable for the West when we pay Western arms companies for ineffective weapons that the Russians will neutralize before they even reach the front,“ CTK quotes the Speaker of the Chamber of Deputies as saying.

”Money is flowing in all directions, and everyone is getting something out of this business. Western companies and governments, as well as Ukrainian thieves around Zelensky’s junta, who are building toilets out of gold… Let them steal, but not from us, and let there be no such country in the European Union,” CTK quotes a fragment of Okamura’s speech.

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Serbian Parliament Speaker Brnabić arrives in Ukraine

According to Serbian Economist, Serbian National Assembly President Ana Brnabić is visiting Ukraine on November 10. The program includes meetings in the Verkhovna Rada and talks with Ukraine’s top leadership, according to the Serbian Parliament’s press service.

During her visit, Brnabić stated that Serbia supports Ukraine on its European path and is ready to share its experience of parliamentary and technical integration with the EU. Verkhovna Rada Chairman Ruslan Stefanchuk expressed his gratitude for interparliamentary cooperation and support.

The heads of the parliaments have been in contact since the summer of 2025 — in August, the parties agreed on positions on the international agenda and interparliamentary cooperation.

Source: https://t.me/relocationrs/1720

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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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Canadian Prime Minister dissolves parliament and calls for elections

Canadian Prime Minister Mark Carney announced the dissolution of parliament on Sunday and new elections on April 28.

“I have just asked the Governor General to dissolve parliament and call a federal election on April 28,” he wrote on social media site X.

“We must build the strongest economy in the G7. We must deal with President Trump’s tariffs. Canadians deserve a choice about who should lead these efforts for our country,” the prime minister emphasized.

Earlier, Experts Club and Maksim Urakin released a video analysis on the most important elections in the world in 2025 – https://youtu.be/u1NMbFCCRx0?si=AOtHGDT1kGNdZd2g

 

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