Business news from Ukraine

Business news from Ukraine

Shelters in lyceum and kindergarten in Mykolaiv region of Ukraine were equipped with support of Serbia

In one of the settlements of the Mykolaiv region (Voznesensk district), modern shelters were equipped in a lyceum and a kindergarten with financial support from Serbia. This was part of efforts to protect children and teachers in the context of the military conflict. The shelters are designed for more than 800 lyceum students and more than 90 kindergarten children. The new safe spaces were restored and equipped by the Olena Zelenska Foundation.

The project was funded as part of Serbian humanitarian aid to Ukraine. The shelters are equipped with the necessary conditions for children and staff to stay during air raids. Officials expressed their gratitude to Serbia for its support in a difficult time.

Serbia has already provided humanitarian aid to Ukraine several times. Last year, Belgrade sent several batches of medicines, food, and basic necessities. In addition, Serbia has participated in projects to restore civilian infrastructure and secure humanitarian corridors.

Serbia remains neutral in the military conflict in Ukraine, but continues to support the population of Ukraine through humanitarian initiatives.

Source: https://t.me/relocationrs/666

 

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Ukrainian Nibulon expands its operations and plans to carry out cargo transportation on Danube in Bulgaria, Serbia, and Romania

One of the largest grain market operators in Ukraine, Nibulon JV LLC, is entering new markets in the Middle and Upper Danube, expanding its operations in the region and offering a full cycle of grain and metal exports, as well as cargo transportation of all types of goods via the Danube, the grain trader’s press service reported on Facebook.

The agricultural holding reminded that the first steps in the Middle and Upper Danube markets were voyages with metal products on the routes Izmail – Lom (Bulgaria) and Izmail – Smederevo (Serbia), which were carried out by the tugs Pereyaslavsky and Kozatsky using barges of its own production. These shipments confirmed the company’s readiness to work efficiently with various categories of cargo, opening up new business opportunities in Bulgaria, Serbia, Romania and other countries in the Danube region.

“Our fleet is capable of transporting various types of cargo, and this is just the beginning. We offer comprehensive solutions to the Balkan business: grain exports combined with our logistics on the Danube to Constanta, as well as river transportation of any goods between the ports of the region,” said Sergey Kalkutin, Nibulon’s Logistics Director.

Nibulon assured that expansion to the Middle and Upper Danube is part of the agricultural holding’s long-term strategy aimed at developing international river logistics.

Currently, the agricultural holding is ready to offer a competitive alternative to traditional ways of supplying grain and other cargoes. This includes grain exports to 75 countries using its own river fleet, cargo transportation on the Danube for the agricultural, metallurgical and construction sectors, and flexible terms of cooperation: DAP, EXW, FCA, FOB, real-time online cargo tracking, international experience and reputation as a reliable partner.

“Thanks to its own modern fleet and efficient logistics, Nibulon guarantees stable and safe transportation on the Danube, which opens up access to new markets,” the agricultural holding emphasized.

Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader owned 27 transshipment terminals and crop reception complexes, facilities for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and the Mykolaiv Shipyard.

“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.

Currently, the grain trader is operating at 32% of capacity, has set up a special unit to clear agricultural land of mines and had to move its headquarters from Mykolaiv to Kyiv.

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First container of Serbian goods shipped to China

The first container of Serbian goods was shipped to China on Friday as part of the Free Trade Agreement between the two countries, according to the Serbian government website. The container contains products from local companies such as Pionir, Akov, Fruskogorski Vinograd, Vinarija Aleksić, Nutrino, Nash Med, Zarić Rakija, Budimka, and Damar. The transportation was organized by the Milšped company from Krnoševac, near Stara Pazova.

The Minister of Economy Adriana Mesarović noted that this is the result of the hard work of Serbian entrepreneurs, government agencies and Chinese partners, as well as confirmation of the “steel friendship” between China and Serbia. She emphasized that Chinese retailers, importers and distributors have expressed their willingness to accept Serbian products in a market of 1.4 billion consumers.

Chinese Ambassador to Serbia Li Ming said that thanks to the Free Trade Agreement, which entered into force on July 1, 2024, Serbia became China’s first partner in Central and Eastern Europe with such an agreement. He noted that since the agreement came into force, Serbia’s exports to China have increased by 53.7%, and more and more Serbian wines and dairy products are appearing on Chinese tables.

The free trade agreement covers 10,412 Serbian and 8,930 Chinese products. From the first day of application, 60% of the goods were exempted from duties, and over the next five to ten years, another 30% of products will be exempted from customs duties.

Source: https://t.me/relocationrs/633

 

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Slovenian industrial giant Cimos plans to close its plant in Slovenia and move production to Serbia and Bosnia and Herzegovina

The Slovenian industrial giant Cimos, known in the former Federal Republic of Yugoslavia for the production of Citroën cars, plans to close its plant in Slovenia and move production to Serbia and Bosnia and Herzegovina. According to Dnevnik, a layoff program has been prepared that does not suit the representatives of the Union of Employees of the Metallurgical and Electrical Industry of Slovenia (SKEI) for the Kras and Primorska and Primorska regions.

According to Saša Ristić, the program was recognized as unprofessional because it did not specify the specific positions that would be retained. He noted that this is the worst layoff program he has ever seen.

Cimos has long been planning to move production to Gradac (Bosnia and Herzegovina) and Kikinda (Serbia). However, according to Ristić, this move is controversial because management should have first informed the works council, which did not happen, although the relocation of production is the official reason for the layoffs.

Cimos has had a plant in Hradac for many years. Ristić explained that the upcoming layoffs are also related to the planned relocation of production. He told Dnevnik that the Cimos management requires the trade union and the works council to give their urgent consent to the dismissals.

Of the 175 employees to be laid off, about 120 work in Senožec, while the rest are employed at Cimos’ production sites in Maribor and Vuzenice.

About Cimos

Cimos is a Slovenian company specializing in the production of components for the automotive industry. In 2020, the company was acquired by the German investment fund Mutares.

Financial results

As of 2022, Cimos’s revenue amounted to about 200 million euros. The company continues to work on improving efficiency and expanding production capacity.

Products and customers

Cimos produces a variety of components for the automotive industry, including braking systems, suspensions, and powertrains. The company’s customers include automakers such as Renault, PSA Group and Volkswagen.

Exports.

Cimos products are exported to various European countries, including Germany, France, and Italy.

Source: https://t.me/relocationrs/606

 

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Overview of commercial real estate market in Serbia in 2024-2025

In 2024, the commercial real estate market in Belgrade showed steady growth, driven by a robust economy and rising consumer demand. Experts predict that the trend will continue in 2025, especially in the central areas and New Belgrade.

Rental rates in different districts of Belgrade

  • Thecenter (Knez Mihailova, Slavija, Terazije) has the highest rental prices.
  • New Belgrade – a business center with dynamic development.
  • Zemun – more affordable premises for small and medium-sized businesses.

Average rental rates (€/month):

  • Center: from €200 for 15-20 m² to €2000 for 100+ m².
  • New Belgrade: from €200 for small premises to €2000 for large areas.
  • Zemun: from €200 to €1500 depending on the size.

The largest international chains choose the center and New Belgrade, while local businesses prefer Zemun and the surrounding area.

New retail projects

  • Belgrade Waterfront is the largest multifunctional complex in the country.
  • New Belgrade – active construction of shopping centers and retail parks.
  • Growing popularity of outlets focused on international brands.

Forecast for 2025

  • Rents will remain stable, with possible adjustments in top locations.
  • Opening of new shopping centers by the end of 2025.
  • Growth of international retailers, which will increase competition in the market.

Belgrade continues to strengthen its position as a promising site for commercial real estate investment.

Source: https://t.me/relocationrs/580

Donald Trump Jr. arrives in Serbia: talks with Vucic are possible

The eldest son of former US President Donald Trump Jr. is visiting Belgrade, where he is expected to meet with Serbian President Aleksandar Vucic. This is his second visit in the last six months – the previous one took place in September 2024, during Donald Trump’s election campaign.

The official reasons for the trip have not yet been disclosed, but possible areas of talks include:

U.S.-Serbian relations – issues of bilateral cooperation and political dialogue.

Economy and investment – Trump Jr. holds the position of executive vice president of the Trump Organization, which may indicate potential business initiatives in Serbia.

Geopolitics – Belgrade remains a key player in the region, and the visit may be related to the US global strategic interests.

Trump Jr. is known for his continued support of his father’s policies, and his visit may be linked to future strategic decisions important to both Washington and Belgrade. Official statements are expected after the talks.

Source: https://t.me/relocationrs/577

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