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Review and newsInzhur_reitEnergyReal estate
Inzhur Review 2026: Returns, Risks, Investor Reviews, and Investment Offers
Here is an update on Inzhur over the last two years — in simple language, with pros, cons, and a conclusion for an investor. In short: as of April 2026 , Inzhur looks like a living and growing investment project , not a “dead story”: the company expanded the number of investors, merged 5 funds into the large Inzhur REIT , actively promotes its commercial real estate direction, is also developing Inzhur Energy , and sells Ukrainian government bonds (OVDP) through its platform. But there are also important risks: certificate liquidity, dependence on asset valuation, legal disputes in the energy segment, and wartime risks for real estate and construction . ( inzhur.reit ) 🏢 What happened with them in 2024–2026 During this period, Inzhur did not shrink — on the contrary, it scaled up. On its “About Inzhur” page, the company shows 69,294 active accounts . Separately, the new Inzhur REIT fund page shows 60,812 co-owners , 17 properties , UAH 5.18 billion in asset value , UAH 666.4 million in dividends paid , and an actual return over the last 12 months of 12.96% in USD . This is the main signal that the platform is not standing still, but is truly growing in scale. ( inzhur.reit ) In 2025, Inzhur made a very important structural change: five funds were consolidated into one large fund, Inzhur REIT . This is not just a company statement — it was confirmed by the regulator. Ukraine’s National Securities and Stock Market Commission officially reported that it approved a pilot project to merge the assets of five funds into one investment fund, “INZHUR REIT,” and also gave investors a legally fixed right to submit certificate redemption requests until April 4, 2026 . For an investor, this means two things: first, Inzhur managed to complete a complex regulatory operation; second, the regulator recognized the need to protect investors through a separate redemption mechanism. ( nssmc.gov.ua ) Inzhur also strengthened its licensing position: in August 2025, the National Securities and Stock Market Commission granted Inzhur Capital LLC a dealer activity license in the capital markets. This is a plus in terms of formal legal infrastructure. But the fact of having a license does not remove investment risk — it only shows that the company operates within the legal framework of the capital market. ( nssmc.gov.ua ) 🧱 How they are doing across different business directions 1) Commercial Real Estate / Inzhur REIT This is currently their main and strongest direction. The new REIT fund declares a portfolio with several types of assets: properties leased to Silpo, Fora, Comfy, MasterZoo , properties leased to McDonald’s , Sky Park shopping mall in Vinnytsia , as well as a retail park project and the “Svidomi” residential complex in Kriukivshchyna. In other words, the model is no longer about one specific store or restaurant, but about a large diversified portfolio. ( inzhur.reit ) By the numbers, this direction currently looks the most convincing: Inzhur REIT declares a projected return from 9.5% annually in USD , and an actual return over the last 12 months of 12.96% in USD . Investor income here consists of monthly dividends plus growth in property value . The minimum entry point is from 1 certificate with a nominal value of UAH 10 , and purchases are made at NAV + 1% . ( inzhur.reit ) What this means in practice: Inzhur significantly lowered the entry threshold and made the product accessible to the mass market. This is likely one of the reasons for the sharp growth in the number of clients in 2025. But this is also where one of the main risks lies: when the entry is very easy, many investors may not fully understand that they are buying not a “deposit,” but illiquid fund certificates tied to real assets and their valuation . ( inzhur.reit ) 2) Energy / Inzhur Energy This is a riskier, but potentially more profitable direction. On the Inzhur Energy page, the company describes the construction of a 34 MW gas piston power plant . The minimum investment is 1 certificate from UAH 6,000 , the projected return is 15% annually in USD , and the profit model is without dividends , only through capitalization / revaluation of the certificate value . The current fund term runs until June 28, 2029 . ( inzhur.reit ) There have already been serious issues here. Forbes reported that construction of the power plant in Sofiivska Borshchahivka started in November 2024, but in 2025 it was suspended by a court decision ; part of the local community opposed the project, and prosecutors referred to alleged violations of urban planning regulations. Later, some or all of the restrictions were lifted by the courts, and in March 2026 Forbes reported that the Supreme Court allowed Inzhur to resume construction . This is important for an investor: the project did not “die,” but it did go through a very real legal conflict. ( forbes.ua ) My conclusion on Energy: this direction does not look fake , because the distributed generation market in Ukraine is genuinely growing — the Ministry of Energy reported that in 2025, 762 MW of new gas generation was commissioned, and the state expects further expansion. But this fund clearly has higher execution risk , because profit depends not on already operating rental income, but on project completion, legal stability, grid connection, contracts, and operational delivery. ( mev.gov.ua ) 3) OVDP / Ukrainian Government Bonds This is their lowest-risk direction in terms of credit risk, because these are Ukrainian government bonds , where the state guarantees repayment of principal and yield. Inzhur presents this product as a short-term alternative to a bank deposit, with a return of up to 16.5% in UAH and an entry point of from 1 bond . ( inzhur.reit ) In essence, OVDP through Inzhur is not their “unique business,” but rather a convenient distribution channel for government securities. For an investor, this can be useful, but this product should be evaluated separately from REIT and Energy. 💬 What reviews exist about them There are positive reviews, but they should not be treated as a full audit. On Minfin, there is a positive review in which a user praises the low entry threshold, Telegram community, account interface, and support . On Reddit, there is also a user who says they have been investing since 2024, have a significant amount in their portfolio, and that dividends are paid consistently . This is a good signal, but these are still unofficial, unverified user opinions . ( minfin.com.ua ) There are also negative reviews and criticism. On Reddit, users directly write that the promised returns, especially in older individual funds such as Ocean, seem “unrealistically high.” On DOU, there was earlier criticism in the sense that a private fund means lower transparency and higher distrust compared with classic public REITs traded on stock exchanges. In March 2026, Minfin in its article separately emphasized that for real estate funds in Ukraine, liquidity is one of the key risks , and the advertised returns of 10–14% require very careful recalculation. ( reddit.com ) There is also another type of negative feedback — not from investors, but from employees. On DOU, there is a negative review about the company’s internal work organization. For an investor, this is not direct evidence of problems with payments, but it can be an indirect marker of how well internal processes are built. At the same time, there is also a positive employee review on DOU about a comfortable work atmosphere. So the overall picture is mixed. ( jobs.dou.ua ) ⚠️ Main criticism: how an investor could lose money The most important issue is liquidity risk . Inzhur certificates are not exchange-traded instruments comparable to public American REITs with a deep secondary market. Yes, in 2026 the company introduced a minimal spread: purchases of REIT and Energy go at NAV + 1% , and sales at NAV , but this does not automatically make the instrument highly liquid. If the market cools down or the inflow of new investors slows, it may become harder to exit a position than to enter it. ( inzhur.reit ) Second is asset valuation risk . Fund returns are partly based on the revaluation of property and certificates. This is normal practice for funds, but in a crisis or wartime environment, commercial real estate valuation can be very sensitive. If assets are overvalued, or if the market declines, investors will feel it. This is especially important in the Energy fund, where there are no dividends and the whole profit logic depends on capitalization. ( inzhur.reit ) Third is wartime and operational risk . Inzhur invests in Ukrainian commercial real estate and energy during wartime. For shopping malls, retail, and restaurants, this means the risk of lower foot traffic, interruptions caused by air raid alerts, and pressure on tenants. For example, UTG estimated average vacancy in Kyiv shopping malls at 12.8% by the end of 2025 and warned that new supply could put pressure on the market. So the market is alive, but not problem-free. ( interfax.com.ua ) Fourth is construction and permitting risk . This is most clearly seen in Inzhur Energy: the project was already suspended by a court. For the assets still under development within REIT, there is also a risk of delays, cost increases, tenant changes, or postponed launch dates. ( forbes.ua ) 📈 Does their promised return look realistic For the REIT direction , the target of 9.5% in USD does not look фантастично if the assets are truly operating, tenants are paying, and occupancy remains stable. Moreover, Inzhur itself reports an actual return over the last 12 months of 12.96% in USD . But this does not mean that such a level is guaranteed going forward. Part of the result may be due to successful deals, asset revaluation, and a special growth period after the fund consolidation. ( inzhur.reit ) For Energy , the promise of 15% in USD is more aggressive. Given that the distributed generation market is actually growing, this is theoretically possible, but here everything depends much more on project execution, court decisions, connection to the grid, tariff model, and management quality. I would describe this direction as real, but high-risk , rather than “reliable passive income.” ( inzhur.reit ) 🧭 What is their overall situation now My honest conclusion is this: Inzhur currently does not look like a troubled or fading project . On the contrary, there are clear signs of scaling, regulatory formalization, client base growth, and product expansion . The company increased its reach, simplified entry, built a large REIT fund, and continues to communicate its results. ( inzhur.reit ) At the same time, this is not “risk-free passive income.” Inzhur’s weakest points today are liquidity , dependence on asset valuation , the wartime background of Ukrainian real estate , and in Energy also construction and legal risks . So for an investor, this is more a case of “interesting, but enter with a cool head” , not “you can safely put all your savings here.” ( minfin.com.ua ) 💼 What investment offers they currently have As of now, Inzhur publicly offers at least the following main products: 1. Inzhur REIT — a large commercial real estate fund. Minimum entry: from UAH 10 . Projected return: from 9.5% annually in USD . Income format: monthly dividends + capitalization . ( inzhur.reit ) 2. Inzhur Energy — a power generation fund. Minimum entry: from UAH 6,000 . Projected return: 15% annually in USD . Income format: no dividends, only certificate value growth . ( inzhur.reit ) 3. OVDP through Inzhur . Minimum entry: from 1 bond . Return: up to 16.5% annually in UAH . Format: government bonds sold through their platform. ( inzhur.reit ) ✅ Final summary What looks good: Inzhur has genuinely grown, has a formalized structure, a large investor base, already paid dividends, a major real estate fund, and more than one business direction. ( inzhur.reit ) What is concerning: non-exchange liquidity, the difficulty of properly estimating real future returns, legal issues in Energy, and general wartime risks for Ukrainian real estate and construction. ( minfin.com.ua ) My assessment: 🔹 REIT — currently looks like their strongest and most understandable direction. 🔹 Energy — potentially more profitable, but significantly riskier. 🔹 OVDP — the simplest and most conservative product in their lineup. ( inzhur.reit ) 📞 Inzhur contact details: Office: Kyiv, 48 Zhylianska Street, 50A, Prime Business Center, 7th floor . Working hours: Mon–Fri, 09:00–18:00 . The website also lists contact channels via Telegram, Viber, and WhatsApp . ( inzhur.reit )
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BTC Broker + BondUA: the simplest way for Ukrainians to buy Apple stock — plus zero-fee OVDP
Quick take: BTC Broker is a licensed Ukrainian investment firm that, together with the BondUA app, lets Ukrainians open an account online, share ID data via Diia and sign documents with Diia.Sign . Today, on the equity side, Apple (AAPL) is effectively the only foreign stock you can buy domestically when a sell offer appears on the Ukrainian market. Through BondUA , you can also buy Ukrainian government bonds (OVDP) with zero broker fees . Who BTC Broker is — and how BondUA fits in 🤝 BTC Broker is a Ukrainian investment firm (broker/dealer & custody permissions) serving retail and corporate clients. BondUA is a mobile app built in cooperation with BTC Broker . You register with BTC Broker inside the app , manage your portfolio, and submit orders from your phone. The mission: make domestic access to key instruments simple — Apple stock (when available on the Ukrainian market) and OVDP (with no commission). Frictionless onboarding with Diia 🪪⚡ All-digital sign-up: start in BondUA , pass KYC, and share ID data via Diia (document sharing). E-signature: sign the brokerage agreement with Diia.Sign — no office visits, no paper. You get a brokerage account at BTC Broker and can fund it in UAH to place orders. What you can buy right now Apple (AAPL) equity 🍏 Because of wartime currency controls, classic “send money abroad to a foreign sub-broker” is limited. Instead, BTC Broker offers Apple shares admitted to circulation in Ukraine , which you can buy domestically — when a seller’s offer appears on the local market. OVDP in BondUA 💸 Buy Ukrainian government bonds with 0 UAH broker commission and 0 UAH custody charges for those BondUA-arranged deals (the BondUA tariff). That’s ideal for frequent, smaller purchases. Fees — plain English, with USD examples 💵🧮 Currency assumption for illustration: 1 USD ≈ 40 UAH . (Your actual rate may differ.) For Apple (foreign stock admitted in Ukraine): Commission per side (buy or sell): 2% of trade value, minimum 500 UAH (≈ $12.50 ) per side . “Breakpoint” for the minimum: 500 UAH equals 2% of 25,000 UAH (≈ $625 ). If your trade value is below $625 , the $12.50 minimum applies per side. For OVDP via BondUA: Buy/sell broker fee: 0 UAH (≈ $0 ). Zaccreditation/withdrawal & custody for these deals: 0 UAH . Other common line items (if applicable): Individual clearing account (if required by exchange flow): 500 UAH per 12 months (≈ $12.50 ). One-share Apple examples (fees only) If 1 share ≈ $180: 2% = $3.60 $12.50 minimum , so $12.50 to buy and $12.50 to sell → $25 round-trip (about 14% of $180). If 1 share ≈ $250: 2% = $5.00 $12.50 minimum , so again $12.50 per side → $25 round-trip ( 10% of $250). If your trade ≈ $750: Above the breakpoint — fee becomes 2% → $15 buy + $15 sell = $30 round-trip ( 4% of $750). Takeaway: for small equity tickets , the per-side minimum (500 UAH) makes trades expensive. For OVDP , the zero-fee BondUA tariff is unusually attractive. How to buy Apple with BTC Broker (step-by-step) 🪜 Install BondUA on iOS or Android. Register with BTC Broker inside the app (KYC + account setup). Sign the brokerage agreement via Diia.Sign . Fund your account in UAH. Search AAPL in the app and place a buy order when an offer is available on the domestic market. Track execution and settlement; when you want to exit, submit a sell order the same way. Convenience highlights you’ll feel on day one ✨ All-mobile journey: onboarding, e-signature, orders, and portfolio — in your pocket. Regulated domestic flow: no overseas wiring for these instruments. Zero-fee OVDP: keep more of your yield, especially with small tickets or frequent buys. Risks & practical notes ⚠️ Availability & spreads: Apple orders execute only when a seller is present domestically; spreads can widen. Taxes & reporting: check Ukrainian tax treatment and your personal circumstances. FX reality: if/when capital controls ease, product menus and pricing may change. What this means for Ukraine’s retail market — 3 quick calls 🔮 Fixed-income momentum: Zero-fee OVDP funnels more retail savings away from bank deposits. Equity menu expansion: If Apple traction grows, expect more foreign tickers admitted domestically once regulation allows. Fee pressure over time: As volumes rise, per-trade minimums for equities may trend lower due to competition.
Review and newsBefore investingAIIT
AI’s Money-Go-Round: How Big Tech boosts each other’s valuations — and why a bubble risk is real
What’s going on? A Bloomberg chart maps how AI’s biggest players simultaneously buy from, sell to, and invest in each other. The loop looks like this: — multi-year cloud deals; — tens of billions spent on GPUs; — cross-investments and options that inflate paper valuations. Shown on the graphic: Nvidia (about $4.5 trillion), Microsoft (about $3.9 trillion), OpenAI (about $500 billion valuation), plus Oracle , AMD , Intel , CoreWeave , xAI , Mistral , Figure AI , and more. Examples on the chart include OpenAI’s hundreds-of-billions cloud deal with Oracle, Oracle spending tens of billions on Nvidia chips, Nvidia agreeing to invest up to $100 billion into OpenAI, and OpenAI deploying 6 gigawatts of AMD GPU power with an option to buy up to 160 million AMD shares. Why this can inflate valuations Vendor financing : suppliers invest in customers to secure future demand. Long-dated contracts : huge take-or-pay-like commitments create an aura of guaranteed growth. Equity and options : cross-stakes lift marks without proven cash returns. Profits tomorrow : capex today, hoped-for monetization tomorrow. Similarities and differences vs. 2007 Yes, there are tangible assets this time (chips, data centers, electricity). But hidden risks remain: vendor concentration, off-balance cloud commitments, dependence on cheap power, and regulatory pushback. If AI revenue lags capex, marks can be revised — sharply. Key risks to watch — Concentration in a single supplier (Nvidia); — Monetization gap between AI usage and actual revenue; — Power and cooling constraints (gigawatt-scale projects); — Private-market liquidity (secondary sales at discounts). What to track in disclosures — Cost per 1k tokens or per inference vs. price charged; — Gross margin of AI features; — Data-center utilization; — Capex per dollar of revenue; — The project’s power mix and cost. Implications for Ukraine Opportunities in ML engineering, MLOps, defense-tech AI, inference optimization, and energy-efficient data-center tooling. Be cautious with “GPU farms without customers”, vendor-financed loops, and lofty multiples unsupported by cash flow. Potential alpha: power management, cooling, inference efficiency, vertical AI with clear ROI in healthcare, agri, logistics, and security. Bottom line This is a massive bet on fast AI monetization. If revenue catches up with capex — everyone wins. If not, a painful re-rating comes. Scenarios for Ukraine’s investment market — 🟢 Soft cool-down : valuations compress but infra stays busy; steady demand for Ukrainian engineering and defense-tech AI. — 🟠 ROI reset : enterprises trim AI budgets; down-rounds; cheaper “iron” locally but stronger demand for ROI-first solutions. — 🔵 Supercycle : productivity boom proves out; FDI into near-EU data centers and acquisitions of Ukrainian AI products. Source: Bloomberg News reporting graphic. Not investment advice.
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Roman Babitskyi & Bohdan Shevchuk: A Case Study and Investor Warning 🛑
At a glance: Investor Kseniia describes investing $22,150 at 20% p.a. (February 11, 2022) with a company she links to Kyiv entrepreneur Roman Babitskyi . According to her, communication shifted to closed Telegram groups, payouts were postponed and tied to future events, and contact later faded. We整理 her account into a risk map and a practical checklist. Disclaimer: This article reflects the statements of one investor. We have not independently verified documents or registry entries. Named individuals are entitled to the presumption of innocence. Timeline ⏱️ Dec 2021: Seeks a 12-month placement targeting ~$4k profit. Feb 11, 2022: Transfers $22,150 at 20% in USD under a handwritten note between individuals (per her account). Feb 24, 2022: Full-scale war begins; she waits until maturity. 2023: Communication via managers/Telegram groups (≈100 and ≈65 participants, per her). New projects and events announced; repayment dates moved from summer to autumn. Later: She claims social accounts were removed and responses ceased; mentions other investors pursuing civil actions (not verified by us). Red Flags to note 🚩 Unusually high USD yield (20%+) without clear collateral. Vague currency/terms across USD/EUR/CNY. Paid access to “closed channels” for deal flow. Promissory note between individuals instead of a corporate contract with compliance. Messenger-only comms and no investor portal or reporting. Perpetual event launches/postponements used to justify delays. Large closed groups of backers —classic social-proof lever. Account deletions and radio silence at key milestones. How the trust façade is built 🧩 Borrowed credibility via photos with public figures and event appearances. Distributed responsibility across “managers/relatives/foreign entities.” Attention shifting to prospective crypto ventures rather than honoring prior liabilities. The Investor’s Checklist ✅ KYB/KYC: Identify beneficial owners; screen litigation, sanctions, and tax records. Contracts over notes: Clear jurisdiction, collateral, payout mechanics, and default clauses. Risk-return sanity check: Anything >5–10pp above the risk-free rate requires security. Audit trail: Bank wires, custodial/Exchange statements, independent bookkeeping. Official channels: Corporate emails, ticketing, and investor dashboards. Diversify: Cap single private debt exposure at ~10% of liquid net worth. If you’ve already been affected: action plan 🆘 Evidence pack: agreements/notes, payment proofs, chats, screenshots, witnesses. Formal demand letter via email + registered mail. Police report and obtain a case number. Civil claim for recovery; seek asset-freeze measures. Enforcement & asset tracing across jurisdictions with counsel. Community alerts to clubs, event hosts, and platforms to reduce further harm. Personal finance reset to rebuild cushions and avoid sunk-cost traps. Editorial note: This is a risk-management case study, not a legal finding. Always verify independently before committing capital.
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🏚️ Haus.me: How an Innovative Startup Turned into a Million-Dollar Scam
🧱 Promises of the Future That Fell Apart Ukrainian startup Haus.me , founded by Maksym Herbuth, promised a revolution in construction: autonomous houses, 3D printing, energy efficiency. Investors from around the world invested millions of dollars into the project, hoping for a breakthrough in housing. But the reality turned out very different. ⸻ 💸 Where Did the Investments Go? Instead of innovative homes, investors received plywood and foam panel houses that did not meet any standards. The money was reportedly spent on: • 🎉 A birthday party for Herbuth’s wife in the US • 🚖 Taxi rides for company staff • 🪑 Office furniture and equipment • 🚗 A personal car for a top manager Some investors who paid hundreds of thousands of dollars never received their homes; others had their units resold to new clients without consent. ⸻ ⚖️ Lawsuits and Criminal Cases In the US, several lawsuits have been filed against Haus.me and Maksym Herbuth, totaling over $2 million. The accusations include fraud, misuse of investor funds, and violation of contractual obligations. Similar proceedings have also been initiated in Ukraine. ⸻ 🔮 Possible Impact on the Ukrainian Investment Market • 📉 Loss of trust in Ukrainian startups : This case could deter potential investors from supporting Ukrainian projects. • 🛡️ Increased controls : Stricter verification processes for startups and their founders are likely to be implemented. • 📈 More transparency : Other companies may be forced to demonstrate greater openness and reporting to investors. ⸻ 🔍 Conclusion The story of Haus.me is a warning of how ambitious promises without a solid foundation can lead to large-scale fraud. Investors should be cautious and conduct thorough due diligence before funding any project.
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Lost Money: Investors Sue Zakhar Tereshchenko
In Ukraine’s Investment Environment: The Case of Zakhar Tereshchenko In Ukraine’s investment environment, stories are increasingly emerging where trusting investors fall victim to complex financial schemes. One such case involves Zakhar Tereshchenko — a man whose name is tied to manipulation, contradictory testimonies, and lost funds. Is he the main fraudster, or merely a pawn in someone else’s game? Let’s examine the details. Black List Inclusion The main reason for Tereshchenko’s inclusion in the "black list" was his inconsistent behavior in court. This concerns not just his formal role as director of LLC "First Contact", which attracts investments for drone development, but specific actions: changing his statements about the receipt and transfer of investors' funds. Initially, he claimed to have passed the money to his partner, but later muddled the situation, undermining trust in himself. These actions cast a shadow not only on his reputation but also on the legality of the entire process. Timeline of Events: From Promises to Deceit It all began when an investor asked Tereshchenko about the funds that, according to partner Borovyk, had not been received. Tereshchenko assured that he had handed the money to Borovyk and was even willing to testify in court, hinting at a conflict with him. However, five days later, in court, he completely changed his position, stating that the money was "not the same" or that the situation was "ambiguous." This sudden shift in testimony was the first sign of possible dishonesty. Borovyk’s Manipulations: An Evasion Scheme The key to understanding the situation lies in Borovyk’s actions — the alleged scheme organizer. He used proxy individuals and third-party accounts to receive investments, avoiding direct links to financial operations. Tereshchenko acted as a middleman: investors gave him the money, receiving notarized receipts. In court, Borovyk denied everything, shifting the blame onto Tereshchenko. This setup allowed Borovyk to stay in the shadows while leaving Tereshchenko exposed. Zakhar Tereshchenko’s Current Status Today, Tereshchenko has distanced himself from Borovyk and shifted his focus to drone development, once again attracting investors. However, his past is catching up with him: the receipts he signed could serve as grounds for legal action. It appears that Borovyk used him as a scapegoat, leaving Tereshchenko to face the wrath of defrauded investors. Whether he can clear his name depends on his future actions. Community Reaction: Publicity and Distrust In themed chats and investor groups, Tereshchenko’s story has gained traction. Previously, giving him money was considered a legitimate operation, but the court documents, where the parties contradict each other, changed perceptions. The community sees this as a typical case of fraud, where trust turns into financial loss. Investor Takeaways Zakhar Tereshchenko likely became a victim of Borovyk’s manipulations, who skillfully concealed his role in the scheme. However, the signed receipts make Tereshchenko legally responsible to investors who are now preparing lawsuits. Borovyk, avoiding direct involvement, left Tereshchenko alone to deal with the consequences. This situation is a classic example of financial fraud, where intermediaries take the fall and main organizers escape punishment. Investors should remember: trust without verification can be costly.