Business news from Ukraine

Business news from Ukraine

Serbian city of Kragujevac organized summer camp for children from Zaporizhzhia

According to Serbian Economist, the Serbian city of Kragujevac organized a summer camp for 19 children from Zaporizhzhia, aged 13–16, who stayed at a children’s health resort in the city of Kopanik from August 1 to 10.

A sports, recreational, and cultural program was prepared for the Ukrainian children. They took part in walks and group activities, learned about Serbian traditions, and studied elements of Serbian folk dances alongside choreographers from the “Abrasevic” Center for Traditional Culture in Kragujevac.

The trip was part of a humanitarian initiative to organize recreational stays in Serbia for children from Ukrainian regions affected by the war.

Kragujevac is located in central Serbia and is one of the country’s largest industrial and university centers. Thanks to its location in central Serbia, the city has convenient connections to Belgrade, Kopaonik, and other tourist and business centers in the country.

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Ukraine Needs Underground Fuel Storage Facilities – Serhiy Kuyun

Against the backdrop of shrinking fuel supply channels and the Russian Federation’s increasingly intense attacks on fuel infrastructure, Ukraine needs to build decentralized, small-scale underground storage facilities for petroleum products, according to Serhiy Kuyun, director of the consulting firm A-95.

“There is only one solution—storage in underground facilities. It appears that both the government and private players are already working on this. At the same time, building such infrastructure is at least twice as expensive as above-ground storage tanks,” he wrote on his Facebook page on Wednesday.

Meanwhile, according to the expert, there is currently no government support, not even in the form of deregulation or expedited approval of project documentation, let alone preferential lending and other incentives.

According to Kuyun, when creating underground storage facilities, the goal should not be to build large-scale facilities, as they are more vulnerable to complex missile strikes.

“But if every importer builds its own small storage facilities with a capacity of 3,000–4,000–5,000–10,000 cubic meters, this will already be a much more resilient structure. In any case, however, it’s important to understand that this won’t happen quickly—it will take one and a half to two years if we start today,” he believes.

According to the expert, it is necessary to convey to citizens, municipal institutions, and government organizations, as well as private companies, the need to build up fuel reserves. “A reserve distributed among consumers will help prevent panic buying and an excessive, sudden strain on the supply system in the event of a crisis,” noted the director of A-95.

According to him, Russia has launched new strikes on the bridge in Mayaky (the route from Reni to the “mainland”) and a “Shahed” drone strike on a tanker carrying lubricants on that same route.

“I think that when planning the strategy for securing petroleum products for the coming months, it’s best to forget about the South (…). This means that the entire burden will fall on the land border, which is already at maximum capacity. All of this indicates that the system is becoming less diversified, which carries corresponding risks,” Kuyun wrote.

As he explained, the enemy is gradually cutting off Ukraine’s southern fuel supply route, which amounts to a triple blow: a reduction in supply channels, a decrease in consumption due to the shift from “maritime” exports to “road” transport, and an increase in the burden on the border coupled with a decrease in its capacity for fuel imports.

At the same time, Russia is already attacking not only oil depots in Ukraine but also gas stations with fuel tankers.

As reported, the Ukrainian Oil and Gas Association (NAU) is urging the government to grant the fuel industry access to loans at 10% interest, which can be achieved by extending the scope of Cabinet of Ministers Resolution

No. 594 to all types of businesses for the purpose of creating underground storage tanks for petroleum products as part of the reconstruction of existing oil depots.

This was announced, in particular, by UGA President Yaroslav Starovoitenko during an online meeting with business representatives organized by the parliamentary committee on finance, tax, and customs policy earlier this week.

 

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In July, Ukrainians ranked third among foreign buyers of residential property in Turkey

In July 2026, Ukrainian citizens purchased 145 residential properties in Turkey and ranked third among foreign homebuyers in the country, according to data from the Turkish Statistical Institute (TÜİK) published on August 13.

Russian citizens purchased the most residential properties among foreign buyers in July—394 properties. Iranian citizens ranked second with 189 transactions, while Ukrainians ranked third with 145 properties.

Thus, Ukrainian citizens accounted for approximately 6.8% of all residential property sales to foreigners in Turkey that month.

However, compared to June, activity among Ukrainian buyers declined slightly. In June, Ukrainians purchased 170 properties and tied for second place with Iranian citizens. In July, the number of transactions by Ukrainians decreased by approximately 15%, but Ukraine remained among the top three foreign buyers of Turkish real estate.

In total, 2,120 residential properties were sold to foreigners in Turkey in July, which is 1.9% more than in July of last year. Foreigners accounted for 1.7% of total residential property sales.

At the same time, the overall situation in the Turkish real estate market was significantly worse: in July, 123,603 thousand houses and apartments were sold in the country—17% fewer than a year earlier. Sales of new housing fell by 8.6% to 42,529 thousand units, while sales of resale housing dropped by 20.8% to 81,074 thousand

Thus, demand from foreign buyers in July appeared more stable than in the domestic market. However, over a longer period, foreign demand remains lower than last year’s levels. From January through July 2026, foreigners purchased 11,203 thousand residential properties in Turkey, which is 7.3% less than during the same period in 2025.

Ukrainians have maintained a strong presence in the Turkish real estate market for several years now. In 2025, Ukrainian citizens also ranked third among foreign buyers, purchasing 1,541 thousand residential properties. Ahead of them were Russians, with 3,649 thousand transactions, and Iranian citizens, with 1,878 thousand.

For comparison: in 2024, Ukrainians were also among the top three foreign buyers, purchasing 1,631 thousand properties.

Thus, despite a slight decline in July compared to June, Ukraine remains one of the three largest foreign markets for Turkish residential real estate, alongside Russia and Iran.

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U.S. to Increase Corn Exports Amid Supply Constraints from Ukraine — USDA

The U.S. Department of Agriculture (USDA) has raised its forecast for U.S. corn exports in the 2026/27 season amid ongoing supply constraints from Ukraine.

In the August World Agricultural Supply and Demand Estimates (WASDE) report, released on August 12, the forecast for U.S. corn exports was raised by 75 million bushels to 3.3 billion bushels, or approximately 83.8 million metric tons. Compared to the July estimate, the increase amounts to about 1.9 million metric tons, or 2.3%.
The USDA explicitly attributes the increase in the U.S. export forecast to rising global demand and limited export capacity from Ukraine.

At the same time, the agency lowered its forecast for Ukrainian corn exports in the 2026/27 marketing year by 1 million metric tons—from 23 million to 22 million metric tons. Meanwhile, the estimate for Ukraine’s corn harvest itself, on the contrary, was increased by 1.8 million metric tons—from 30 million to 31.8 million metric tons.
Thus, Ukraine may harvest more corn than the USDA expected just a month ago, but a smaller portion of the harvest will be able to reach foreign markets.

As a result, the forecast for Ukraine’s ending corn stocks has been increased from 2.06 million to 4.86 million metric tons—more than 2.3 times the previous figure. At the same time, the USDA left its forecast for domestic consumption virtually unchanged.
The situation on the global market is different. The USDA raised its forecast for global corn trade in the 2026/27 season by 0.6 million metric tons—from 209.88 million to 210.48 million metric tons.

The United States is the main source of this additional supply. At the same time, the USDA lowered its export forecast not only for Ukraine but also for the European Union.
The U.S. agency also raised its forecast for EU corn imports, while estimates for purchases by China and Turkey were lowered.

The growth in U.S. exports is occurring against the backdrop of a virtually unchanged forecast for U.S. corn production. The harvest is expected to reach about 16 billion bushels and could be the second-largest in the country’s history. However, the increase in export demand will lead to a reduction in U.S. ending stocks by 137 million bushels—to 1.7 billion bushels.
The USDA also raised its forecast for the average corn price for U.S. farmers by $0.10 to $4.50 per bushel.

Consequently, difficulties with Ukrainian corn exports are already beginning to shift the global market in favor of competing suppliers. The U.S. stands to increase shipments by nearly 2 million metric tons compared to the previous forecast, while Ukraine risks accumulating significant additional domestic stockpiles.

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Ukrainians Rank Among the Top 5 Yacht Owners in Montenegro

According to “Serbian Economist”, owners from Ukraine own 21 yachts registered under the Montenegrin flag, placing Ukraine fifth among all countries in terms of the number of vessels in the Montenegrin registry and fourth among foreign owners.

As of August 12, 2026, the Montenegrin Yacht Registry contained a total of 576 vessels, according to an updated list from the country’s Maritime Safety Authority. Only 79 yachts are registered to individuals or legal entities from Montenegro itself, while owners from other countries own 497 yachts, or 86.3% of the total fleet.

Serbia remains the clear leader. Individuals and legal entities from Serbia own 193 yachts, or 33.5% of the total registry. Russia ranks second with 112 yachts and a 19.4% share. Together, owners from these two countries own 305 vessels—nearly 53% of all yachts flying the Montenegrin flag.

The ranking of the largest owner countries is as follows:

Rank Owner Country Yachts Share of the Register

1 Serbia 193 33.5%

2 Russia 112 19.4%

3 Montenegro 79 13.7%

4 United States 27 4.7%

5 Ukraine 213.6%

6 Bosnia and Herzegovina 18 3.1%

7 Israel 11 1.9%

8 Germany 10 1.7%

9–10 Switzerland 9 1.6%

9–10 Estonia 9 1.6%

11 United Kingdom 8 1.4%

The number of Ukrainian-owned yachts in the Montenegrin registry has increased significantly in just the last three months.

As of May 12, 2026, the registry listed 536 yachts, 17 of which were owned by Ukrainians. At that time, Ukraine ranked behind Bosnia and Herzegovina, whose owners held 18 yachts.

By August 12, the number of yachts owned by Ukrainians had risen from 17 to 21, as a result of which Ukraine overtook Bosnia and climbed to fifth place in the overall ranking.

Overall, since the end of 2025, the Montenegrin registry has grown by 51 yachts, and by 40 since May alone. At the same time, the current composition of the registry indicates that this growth is driven primarily by foreign owners.

In May, the owners of registered yachts represented 49 countries. Among them, in addition to the largest groups from Serbia, Russia, the United States, Ukraine, and other European countries, were owners from Canada, Turkey, Norway, as well as jurisdictions such as the British Virgin Islands, the Seychelles, Vanuatu, the Marshall Islands, and Belize.

At the same time, owners from EU countries account for a relatively small portion of the registry. In May, they accounted for only about 7.8% of the yachts. The most prominent EU countries were Germany and Estonia.

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Gasoline Imports to Ukraine Increased by More Than 50% Month-on-Month in July

According to the Experts Club analytical center, citing data from the A-95 Consulting Group, Ukraine imported about 196,000 tonnes of gasoline in July 2026, the highest figure since August 2025.

At the same time, data from an infographic published by the A-95 Consulting Group show that the volume of supplies increased by approximately 51% compared with June. In June, the main supply routes accounted for about 130,000 tonnes of gasoline, whereas in July the figure reached around 196,000 tonnes.

The sharp increase in imports occurred despite the Ukrainian market’s transition to the E10 standard on July 1, which requires the mandatory addition of bioethanol to gasoline. The new requirement temporarily narrowed the range of available foreign suppliers.

In particular, the Greek Hellenic Petroleum refinery does not produce gasoline of the required standard. Its products had previously been used by Ukrainian traders during periods of increased demand.

At the same time, the beginning of July coincided with rising petroleum product prices on the global market and increased domestic demand.

A-95 noted that the situation was most strained during the first half of the month. However, the increase in supplies made it possible to stabilize the market in the second half of July. Importers also contracted the necessary volumes for August in advance.

Poland and Lithuania became the main sources of additional supply. Imports from Lithuania increased from 40,500 tonnes in June to 56,100 tonnes in July, while imports from Poland rose from 30,700 tonnes to 51,700 tonnes.

Supplies from Germany also increased noticeably, from 16,900 tonnes to 20,900 tonnes. Around 34,000 tonnes arrived from Romania, compared with 31,200 tonnes one month earlier.

At the same time, imports from Moldova decreased from 9,600 tonnes to 5,800 tonnes.

Thus, July became a test of the Ukrainian market’s ability to rapidly restructure external supplies following changes to gasoline quality requirements. Despite the initial contraction of the available supply base, importers managed to increase supplies by approximately one and a half times within a single month.

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