Ukraine-EU Association takes full effect

Ukraine-EU Association takes full effect

Ukraine-EU Association takes full effect The Ukraine-EU Association Agreement takes full effect today, “an exceptionally important stage in bilateral relations,” Prime Minister Volodymyr Groysman said on his Facebook page. The Free Trade Area has been in effect for more than a year and a half, he said, during which the EU has become Ukraine’s main […]

Ukraine industrial growth speeds up to 3.8% yoy in June

Ukraine industrial growth speeds up to 3.8% yoy in June

Ukraine industrial growth speeds up to 3.8% yoy in June Ukraine’s industrial output sped up to 3.8% yoy growth in June from 1.2% yoy in the prior month, the State Statistics Service reported on July 21. All core sectors improved except for utilities, which fell 9.6% yoy and were flat from May. Machinery sped up […]

ECONOMY NEWS: Ukraine GDP rises 2.5% in 1Q17

ECONOMY NEWS: Ukraine GDP rises 2.5% in 1Q17

ECONOMY NEWS Ukraine GDP rises 2.5% in 1Q17 Ukraine’s 1Q17 GDP rose 2.5% yoy owing to impressive growth of investments in fixed assets (20.1% yoy) and improving private consumption (2.6% yoy), the State Statistics Service reported on June 19. Government consumption also was in the black with 4.2% yoy growth. Net exports contributed negatively (-2.1pp) […]

IMF demands pension & land reform, privatization, anti-corruption

IMF demands pension & land reform, privatization, anti-corruption

ECONOMY NEWS IMF demands pension & land reform, privatization, anti-corruption During his June 20 visit to Washington, Ukrainian President Petro Poroshenko met with IMF Managing Director Christine Lagarde, who stressed the importance of balanced pension reform, the president’s press service reported. They also discussed state privatization prospects, Ukraine’s banking system, state finance reform and the […]

Ukraine industry +1.2% in May

Ukraine industry +1.2% in May

Ukraine industry +1.2% in May Ukraine’s industrial output recovered 1.2% yoy in May after declining for the last three months, the State Statistics Service reported on June 22.  For 5M17, industry remained in the red by 1.3% yoy. The main source of growth in May was machinery, which surged 14.7% yoy after slipping 0.8% yoy […]

Ukraine budget revenue grows 39% yoy in May

Ukraine budget revenue grows 39% yoy in May

Ukraine budget revenue grows 39% yoy in May Ukraine’s general budget revenue grew 39.3% yoy, slowing from 85.7% yoy growth in the prior month, the State Treasury reported on June 26. The main factor for slowing growth was that in April, one-off revenue from confiscated funds for corruption inflated the month’s results. Otherwise budget revenues […]

Why you should invest in Kiev, Ukraine Real Estate

Why you should invest in Kiev, Ukraine Real Estate

Why you should invest in Kiev Real Estate BY MERLINLINEHAN on MAY 9, 2017 • ( 0 ) A couple of years ago I interviewed the intrepid investor John Suggitt who was developing a major real estate fund in the Ukrainian capital at the height of tensions with Russia. Recently I revisited Jon and his Kiev Real Estate […]

European lawmakers approve visa-free travel for Ukrainians

European lawmakers approve visa-free travel for Ukrainians

Sometimes it can be great to be wrong! I honestly never thought this would happen. In in circles everyone is commenting that “on the continent futures in a certain service industry are collapsing”. This has to be seen as a big politically populist move by the EU … and to be honest it will certainly […]

IMF board approves USD 1.0 billion tranche for Ukraine

IMF board approves USD 1.0 billion tranche for Ukraine

IMF board approves USD 1.0 billion tranche for Ukraine The IMF Executive Board reported on April 3 it has completed the third review of its USD 17.5 bln Extended Fund Facility program and approved a USD 1.0 bln disbursement for Ukraine. In its release, IMF Acting Chair David Lipton emphasized that for sustainable growth, Ukraine needs […]

Ten Reasons Why Ukraine’s Economy May Surprise You

Ten Reasons Why Ukraine’s Economy May Surprise You

Ten Reasons Why Ukraine’s Economy May Surprise You BY RUSLAN MINICH AND VOLODYMYR YERMOLENKO Models present creations by Ukrainian designer Iryna Dil during Ukrainian Fashion Week in Kyiv, Ukraine February 7, 2017. REUTERS/Valentyn Ogirenko Grain, steel, and sunflower oil are probably Ukraine’s most famous exports, but they’re not the only ones. Ukraine’s growing reputation for […]