Farming was the most profitable economic activity in Ukraine last year, netting $3 billion, reports the National Scientific Center Institute of Agrarian Economics. Of the nation’s farms, 83% made money, and 17% lost money. In 2019, a year of record grain harvests, profits were 13% higher — $3.4 billion. This year, with the grain harvest expected […]
“Phenomenal yields” are pushing Ukraine’s wheat harvest to an all time record this summer, the Canada-based Western Producer news site reports in an article headlined: “Ukraine shines as Black Sea wheat takes hit.” Russia’s harvest may drop 4% to 82 million tons and Kazakhstan production is to fall to 12 million tons. In contrast, Grain Trade […]
Kyiv and Lviv lead Ukraine’s five largest cities for rising office space costs. During the first half of this year, the purchase price of Kyiv office real estate increased by 18.4% yoy, $2,269 per square meter – more than double the national average of 8.4%. Office rents increased by 13.3% in Kyiv, to $18.7 per […]
Business confidence has returned to pre-pandemic levels of October 2019, reports the central bank. Now, the trend line seems headed to the high levels of the start of the Zelenskiy Presidency. Agriculture and trade were the locomotives of a 4 point increase in the Business Expectations Index maintained by the National Bank of Ukraine. Remittances […]
The average nominal salary of Ukrainians last month was 24% higher than one year earlier, the State Statistics Service reports. This June salary — $533 a month – is 2.4 times greater than the minimum wage of UAH 6,000 [$223]. Ukraine’s yearly inflation in May was 9.5%. Partly cancelling that out, the hryvnia has increased in […]