Business news from Ukraine

Business news from Ukraine

Ukrainian citizens ranked fourth in terms of number of home purchases in Turkey in July 2025

In July 2025, Ukrainian citizens ranked fourth among foreign buyers of real estate in Turkey, according to data from the Turkish Statistical Institute (TÜİK).

Russian citizens were the leaders in terms of the number of properties purchased, with 315 transactions. In second place were Iranian citizens (152 transactions), followed by German citizens (135 transactions).

Ukrainians purchased 134 properties in July, which allowed them to take fourth place in the ranking.

Iraqi citizens closed out the top five with 120 transactions.

The top ten also included Azerbaijan (93 transactions), Kazakhstan (65 transactions), Saudi Arabia (64 transactions), Palestine (52 transactions), and China (51 transactions).

It should be noted that a month earlier, in June 2025, Ukrainian citizens ranked second in terms of the volume of housing purchases in Turkey, second only to Russians.

According to TÜİK, the Turkish real estate market continues to attract foreign buyers, but the distribution of leaders by nationality varies significantly from month to month depending on the tourist season, price fluctuations, and investment interests.

 

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Erdogan ready to organize summit of leaders of Ukraine, US, Russia, and Turkey – Zelensky

Ukrainian President Volodymyr Zelensky held talks with Turkish President Recep Tayyip Erdogan, during which the parties discussed the current diplomatic situation and the opportunities it opens up.

“President Erdogan confirmed his country’s readiness to organize a summit between the leaders of Ukraine, the US, Russia, and Turkey,” Zelensky wrote on Telegram on Tuesday.

According to him, Erdogan said that any negotiations without Ukraine would not bring stable peace.

“We all understand the risks and threats equally. A fake, rather than honest, peace will certainly not last long and will encourage Russia to seize even more territory. I noted that we are ready for any format of meeting in order to stop the killings and end the war,” the Ukrainian president added.

The parties also discussed high-level events that Ukraine is preparing during the UN General Assembly and Turkey’s participation in them.

According to the Turkish Presidency’s Twitter page, during the conversation, which took place at the request of the Ukrainian side, bilateral relations between Turkey and Ukraine, as well as regional and global issues, were discussed.

“Recognizing the valuable progress achieved in direct talks in Istanbul between Ukraine and Russia, President Erdogan expressed his hope that the next rounds of talks would yield meaningful results for a ceasefire on the path to lasting peace. Noting that Turkey is ready to host a summit at the leadership level, President Erdogan expressed his conviction that the establishment of working groups in the military, humanitarian, and political spheres will pave the way for the summit,” the statement said.

Erdogan also stressed that Turkey continues to support Ukraine’s sovereignty and territorial integrity.

As reported, last Friday, US President Donald Trump announced that his meeting with Vladimir Putin would take place on August 15 in Alaska.

 

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Main suppliers of salt to Ukraine in January-June were Egypt, Turkey, and Romania

In January-June 2024, Ukraine imported 211,692 thousand tons of salt, which is 45.88% less than in the same period a year earlier, when external purchases amounted to 391,186 thousand tons.

According to statistics released by the State Customs Service (SRS), spending on salt purchases on foreign markets in the first half of 2025 decreased by 48.46% to $26.919 million, compared to $52.225 million in the same period of 2024.

The main suppliers of salt to Ukraine in January-June were Egypt, which accounted for 46.09% of supplies, worth $12.407 million, Turkey (17.57% and $4.730 million) and Romania (13.41% and $3.611 million)..

A year earlier, the top three salt suppliers were the same: Egypt (54.89% or $28.668 million), Turkey (17.15% or $8.956 million) and Romania (14.69% or $7.671 million).

As reported, Ukraine exported 710,040 tons of salt worth $28.32 million in pre-war 2021, while in 2022, exports fell fivefold in real terms to 142,038 tons, and revenues fell even more sharply to $3.82 million. The main buyers of Ukrainian salt in 2021 were Poland (39.1%), Hungary (27.4%), and Romania (7.3%). In 2021, Ukraine imported 142,810 tons of salt worth $12.92 million.

After the occupation by Russian troops in April 2022 of the country’s largest salt producer, Artemsol, Ukraine virtually stopped its exports and became a net importer.

The Tereblya salt deposit (Zakarpattia region) resumed salt production in August 2023. The head of the Zakarpattia Regional State Administration, Viktor Mykyta, said that Zakarpattia would be able to provide Ukraine with 100% of its technical and table salt.

The Dolinsky deposit (Ivano-Frankivsk region) plans to resume salt production in the near future. Work is currently underway on the Dolinsky deposit development project, and a thorough environmental impact assessment is being conducted. Specialists from the State Scientific Research and Design Institute of Basic Chemistry “Niochim” are preparing a design solution for a future salt production plant. A special permit for the extraction of rock salt (halite) in 2023 was obtained by the Kharkiv-based company “Planeta Komfort.”

 

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Ukrainians ranked second in terms of number of home purchases in Turkey in June 2025

In June 2025, Ukrainian citizens ranked second among foreign nationals in terms of the number of properties purchased in Turkey. This is evidenced by recent data from the Turkish Statistical Institute (TÜİK). According to the published information, Ukrainians purchased 111 properties, second only to Russians, who traditionally remain the main foreign investors in the Turkish housing market, with 326 transactions per month.

Iranian citizens came in third place (109), followed by Iraq (97), Germany (95), Azerbaijan (71), Kazakhstan (66), China (54), the United States (41), and Palestine (40).

Experts attribute the growing interest in Turkish real estate to the following factors:

Visa-free travel and well-developed air links between Ukraine and Turkey;

Relatively low entry threshold: housing prices in Antalya, Alanya, and Mersin remain attractive compared to the European market;

The possibility of using housing as a means of preserving capital and as an evacuation address in the context of the ongoing war.

In addition, in June, Turkey saw an influx of buyers from Ukraine due to the active tourist season and investors seeking rental income in foreign currency.

Despite an overall decline in real estate purchases by Russians compared to the peak values of 2022–2023, Russians once again became the largest foreign buyers in Turkey in June 2025. This confirms the continuing trend of relocation, including permanent or temporary residence, against the backdrop of Russia’s international isolation.
Given the current geopolitical conditions and the attractiveness of the Turkish market, Ukraine may maintain its high position in the ranking of foreign buyers of real estate in Turkey in the coming months. At the same time, interest from Central Asian and Middle Eastern countries is also expected to pick up.
Overall, Turkey remains one of the leading destinations for real estate investment among citizens of the post-Soviet space.

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Erdogan says Trump is ready to come to Turkey if Putin visits

Turkish President Recep Tayyip Erdogan has said that US President Donald Trump has expressed his readiness to come to Turkey to work on peace with Ukraine if Putin comes, TRT Global reports.

“The Turkish president revealed details of his conversation with US leader Donald Trump, saying that he is ready to come to participate in peace talks. “If Russian President Vladimir Putin comes to Istanbul or Ankara for a settlement, I will also come to Istanbul or Ankara,” Erdogan quoted Trump as saying to reporters on board the plane after returning from the Netherlands.

The Turkish leader emphasized his country’s readiness to take decisive steps for a peaceful settlement: “If we need to dig a well with a needle to find a solution, we will do it.”

Erdogan spoke about his meeting with Ukrainian President Volodymyr Zelenskyy at a dinner with the King of the Netherlands on June 24, where the support of Ukraine’s allies and the outcome of the war were the main topics of discussion.

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Ukraine exported almost 500,000 tons of sugar, with Turkey leading imports

Ukraine has already exported 494,000 tons of sugar in the 2024-2025 marketing year, of which 196,600 tons were exported in January-April 2025, according to the press service of the National Association of Sugar Producers of Ukraine “Ukrtsukor” on Facebook.

According to the report, 90% was destined for the global market, with 10% exported to EU countries.

According to the industry association, Turkey remains the leading buyer of Ukrainian sugar, accounting for 16% of export volumes, followed by Libya (11%) and EU countries (10%).

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