Ukraine’s GDP has reached a historic high — $195 billion, . Looking ahead, growth will be propelled by government spending: insulation of apartment buildings, restoration of irrigation systems, cheap mortgage loans, and financing of exports. Analysts predict that GDP growth will be 3% this year. Notice: JavaScript is required for this content.
Ukrainian banks have made twice as many mortgage loans for almost three times the amount of money during the first nine months of this year, the central bank reports in a year-over-year analysis. Through September, banks have issued 7,500 mortgage loans for a total of $230 million, reports the National Bank of Ukraine. The average loan is […]
China consolidated its new position as Ukraine’s top single nation trading partner. Ukraine’s exports to China grew 28% yoy, to $6.1 billion. Ukraine’s imports from China grew by 30%, to $7.6 billion. Ukrainian exports to the EU jumped by 54%, to $19.4 billion, or 40% of Ukraine’s overall exports of goods. Turkey came in third place, […]
Fighting a flood of dollars, Ukraine’s central bank bought more than half a billion dollars during the first three days of this week in a battle to keep the hryvnia from over strengthening. Since the start of this year, the National Bank of Ukraine has made net purchases of $3 billion to prevent the hryvnia from strengthening […]