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/
Join UP!, one of the leaders of the Ukrainian travel market, is opening a company in the Czech Republic, with an office in Prague, the company’s press service toldInterfax-Ukraine.
“Entering the Czech market is an important stage in the brand’s development. Although this is the ninth country where we have started working since the creation of Join UP! tour operator in 2010 in Ukraine, this story is not only about growth for us. Scaling the Join UP! travel experience to other markets also reflects our commitment to transforming the travel industry and encouraging people to travel, because we sincerely believe that travel is not just entertainment, but also a way to take care of yourself and your loved ones, to live every day of your life to the fullest, despite all the challenges of recent years,” comments Alina Alba, co-founder of Join UP! Alina Alba, co-founder of Join UP!
It is reported that the new tour operator will soon present a summer selection of its top destinations to the Czech market. Among them are direct flights from Prague to Sharm el-Sheikh in Egypt, as well as to the Mediterranean resorts of Greece, Turkey, and Cyprus. It is also noted that from Katowice, Poland, the tour operator offers flights to Egypt, the Dominican Republic, Greece, Turkey, Tunisia, Bulgaria, Spain, Montenegro, and Cyprus. Such a flight program opens up additional opportunities for our compatriots to spend their holidays in the Czech Republic. In particular, from Ostrava, where there are many Ukrainians, it is an hour’s drive to Katowice, Poland, which is almost four times closer than Prague.
The Join UP! brand is developing on the principle of localism by combining a global strategy with the local cultural context. The brand’s international expansion already covers 8 markets: the Baltic States, Kazakhstan, Moldova, Poland, Romania, and the Czech Republic. Preparations for the launch in Slovakia and Hungary are nearing completion.
Also in Poland, in Katowice, in 2024, the brand opened the first franchise agency on the international market.
Join UP! LLC was established in 2013, with an authorized capital of UAH 72 million 671 thousand. The ultimate beneficiaries are Yuriy and Oleksandr Alba. In 2023, revenue increased to UAH 16 million 639 thousand, which is 2.3 times higher than in 2022.
Nova Poshta, the leader in express delivery in Ukraine, has opened a new post office in Balti, Moldova, bringing its total number of post offices in the country to 31.
“We have opened a new post office in the Moldovan city of Balti. Branch No. 4 at 8/4 Stefan cel Mare Street became the 31st Nova Poshta branch in the country. In the branch, you can send and receive parcels up to 30 kg,” the company said in a telegram.
“Nova Poshta has been operating in Moldova since 2014. At the very beginning, the company opened three branches in the country: in Chisinau, Cahul and Balti. In 10 years, Nova Poshta has increased their number to 30, opening three sorting terminals.
In the first half of 2024, Nova Post Moldova delivered 1.1 million parcels. In 2023, the company delivered 1.2 million parcels. Nova Post Moldova is among the three fastest delivery companies in Moldova.
