Business news from Ukraine

Business news from Ukraine

Donald Trump Jr. is planning tour of Eastern Europe

The eldest son of US President Donald Trump, Donald Trump Jr. is planning a tour of Eastern Europe, including visits to Serbia, Romania, the Czech Republic, Slovakia, Hungary and Bulgaria. This was reported by the Romanian portal G4Media.ro, citing sources close to the organizers of the events. The visit to Bucharest is scheduled for April 28, a week before the first round of the presidential election in Romania. Trump Jr. is expected to participate in the Trump Business Vision 2025 business event.

This visit comes shortly after his previous trip to Serbia in March 2025, when he met with President Aleksandar Vucic in Belgrade. During that meeting, they discussed strengthening bilateral relations between Serbia and the United States. According to Open4Business, one of the key goals of the last trip was to assess the potential for the construction of Trump Tower Belgrade, an ambitious real estate project focused on the premium segment. The project is financed by the firm of Trump’s son-in-law, Jared Kushner, and has caused controversy among the Serbian public.

Earlier, in December 2024, Trump Jr. criticized the cancellation of the elections in Romania, calling the decision of the Constitutional Court “an attempt by Soros the Marxist to rig the results and deny the will of the people.” His upcoming visit to the region may be linked to supporting certain political forces and promoting the Trump family’s business interests.

Source: https://t.me/relocationrs/783

 

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Serbia invests 50 mln euros in supercomputer and AI

Serbia has signed a €50 million contract with Eviden, a member of the Atos group, to develop a supercomputer and artificial intelligence (AI) technologies. The move is aimed at strengthening the country’s position in high-performance computing and AI.

The Serbian Ministry of Science, Technological Development and Innovation has signed an agreement with Eviden, part of the Atos group, worth 50 million euros. The purpose of the contract is to develop a supercomputer and artificial intelligence (AI) technologies that should strengthen Serbia’s position in the field of high-performance computing and AI.

According to the ministry, the project will enable Serbia to become a regional leader in digital technologies and provide opportunities for research and innovation. The supercomputer is expected to be used in various fields, including medicine, energy, and environmental protection.

Global investment in supercomputers

The world’s largest countries are actively investing in the development of supercomputers and related technologies.

China: In 2025, China plans to allocate about 398.12 billion yuan (approximately 55 billion US dollars) for research and development, in particular in the field of semiconductors, artificial intelligence and quantum computing.

THE UNITED STATES: In 2024, the US Department of Energy announced a budget of $425 million for the construction of two new supercomputers – Sierra and Summit. These systems are intended for scientific research and simulations, including nuclear testing.

Source: https://t.me/relocationrs/774

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Residential real estate market analysis in Bratislava by Relocation

We provide an analysis of the residential real estate market in Bratislava with a description of the main districts, current prices, trends and forecast for 2025-2026.

The main districts of Bratislava and real estate prices:

Old Town (Staré Mesto):

The central district with historical buildings and developed infrastructure.

In the third quarter of 2024, prices for secondary housing increased by 5.8%.

Nové Mesto:

Combines residential and commercial areas, popular with families and young professionals.

Housing prices in this area also increased by 6.5% in the third quarter of 2024.

Ružinov:

Known for its proximity to the center and developed infrastructure, including parks and schools.

Moderate price growth is expected due to environmentally friendly urban projects and the construction of new schools and parks.

Investropa

Petržalka:

The most densely populated neighborhood with numerous panel houses and developing infrastructure.

High price growth is expected due to limited housing stock and upcoming renovations of historic buildings.

Karlova Ves:

A green neighborhood that attracts families and students due to its proximity to universities.

Average price growth is forecast due to the development of hybrid workspaces and new multifunctional complexes.

Current prices and trends:

In the third quarter of 2024, the average price per square meter of secondary housing in Bratislava was €3,748, which is 9.97% higher than in the previous year.

The average rental price for a one-bedroom apartment in 2025 is about €900 per month.

At the end of 2024, there was a surge in real estate purchases, driven by the expected increase in VAT and lower mortgage rates.

Forecast for 2025-2026:

Real estate prices in Bratislava are expected to grow by 3-7% annually, depending on the area and type of property.

Supply and demand: Despite a temporary decline in demand in early 2025 after a surge in late 2024, the number of transactions is expected to stabilize and continue to grow until spring 2025.

Influence of economic factors: Inflation is expected to reach 5.1% in 2025, which may affect purchasing power and the availability of mortgages.

Overall, the residential real estate market in Bratislava is showing steady growth, driven by a combination of high demand, limited supply and economic factors.

Source: http://relocation.com.ua/analysis-of-residential-real-estate-market-in-bratislava-from-relocation/

 

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SkyUp Airlines adds new destinations from Chisinau

Ukrainian airline SkyUp Airlinehas added three new destinations from Chisinau airport to its existing ones: starting in June, the company will operate flights to Berlin (Germany), Stockholm (Sweden), and Prague (Czech Republic). SkyUp announced on Friday that the company will start operating new flights in June. On April 4, tickets for the new flights were available at a promotional price of €14.5. Promotional prices are valid from April 4 to October 1, 2025. It is possible to pay for the ticket with the passenger’s balance.

SkyUp reminded that starting from April 2025, regular flights from Chisinau to the following destinations will be launched: Paris, Nice (France), Lisbon (Portugal), Barcelona, Alicante and Palma de Mallorca (Spain), Larnaca (Cyprus), as well as Thessaloniki, Athens and Heraklion (Greece).

In 2024, SkyUp increased passenger traffic by 61.6% compared to 2023 to 2.5 million passengers.

Source: http://relocation.com.ua/aviakompaniia-skyup-dodala-novi-napriamky-aviareysy-z-kyshyneva/

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At least four Russian oligarchs to become Serbian citizens in 2025 – media

In recent years, Serbia has been actively granting citizenship to foreign nationals, especially from Russia, using the naturalization procedure as an exception. According to the Law on Citizenship of the Republic of Serbia, the government may grant citizenship to individuals if their admission is of interest to the state.

According to the Serbian media outlet Nedeljnik, at least four Russian oligarchs were granted Serbian citizenship in 2025:

Oleg Boyko – estimated to be worth $1.5 billion.

Sergei Lomakin – worth about $1.2 billion.

Yevgeny Strshalkovsky and Yuri Kushnerov – the exact amounts are not disclosed, but are likely to be several hundred million dollars.

The decision to grant citizenship was made by the Serbian government under the leadership of former Prime Minister Milos Vucevic. The formal basis for this was “interest for the Republic of Serbia”, according to Article 19 of the Law on Citizenship. However, the specific reasons and criteria for these individuals to receive Serbian passports remain unclear, especially given the lack of information about their previous business ties to Serbia.

So far, there is no data on whether the new Serbian citizens plan to develop business in the country. However, experts speculate that the granting of citizenship may be related to the desire to attract investment and capital to Serbia. In recent years, Russian entrepreneurs have been actively buying up real estate in Belgrade, Novi Sad, and Serbian resorts.

Statistics on citizenship and residence permits for Russians:

2022: Of the 84 foreign nationals who received Serbian citizenship by government decision, almost two-thirds were Russians.

From February 2022 to December 2024: Russian citizens submitted 73,197 applications for temporary residence in Serbia, of which more than 90% were approved.

February 2025: The number of Russians actually living in Serbia is estimated at 80,000-110,000.

Reasons for granting citizenship

Serbian President Aleksandar Vucic has previously stated that the accelerated granting of citizenship to Russians and Ukrainians is due to a shortage of labor in the country. Priority is given to those who open companies and create jobs for Serbian citizens. However, in the case of Russian billionaires, it is unclear how their citizenship contributes to the development of the Serbian economy.

Thus, Serbia continues to use the granting of citizenship as a tool to attract investment and business ties. However, the lack of transparency in the criteria for naturalization raises questions about the real motives behind such decisions. Against the backdrop of the geopolitical situation, the interest of Russian businessmen in the Serbian passport is likely to be related not only to investment opportunities, but also to the possibility of obtaining a new legal status in Europe.

Source: https://t.me/relocationrs/755

 

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Chinese company to build new plant in Serbia for 40 mln euros

The Chinese company SHAC will invest 40 million euros in the construction of a plant in Novi Sad, Serbia. The company has already signed an agreement with the German automaker BMW. The plant is expected to open by the end of 2025, with the first serial deliveries to European customers scheduled for the first quarter of 2027.

Other Chinese investment projects in Serbia:

Energy sector: In May 2024, the Serbian Ministry of Mines and Energy signed two agreements with Chinese companies totaling about €2.7 billion. These investments include the construction of an oil and petroleum product refinery in Smederevo and the construction of a solar panel plant in Paracin.

Infrastructure: The Chinese company Shandong High-speed Group is involved in the construction of the Belgrade-Zrenjanin-Novi Sad highway, as well as in the reconstruction project of the Constantine the Great airport in Niš.

Automotive industry: Mei Ta has invested 60 million euros in the construction of a plant for the production of automotive components in Obrenovac.

These projects demonstrate the expansion of Chinese investment in various sectors of the Serbian economy, contributing to industrial development and job creation in the region.

Source: https://t.me/relocationrs/741

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