UKRAINE BUSINESS NEWS

UKRAINE BUSINESS NEWS

 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 […]

EU Exports +60%, Istanbul Canal & LNG

EU Exports +60%, Istanbul Canal & LNG

🔵 Ukraine’s exports of goods to the EU grew by 60% in the five years since Ukraine joined the Deep and Comprehensive Free Trade Area pact with the EU, Prime Minister Shmygal writes on Facebook. This year, Ukraine’s exports to the EU may hit €20 billion. Last year, the EU received 41% of Ukraine’s exports of goods and […]

Ukraine Signs EU Open Skies Agreement

Ukraine Signs EU Open Skies Agreement

🔵 The 27-nation EU Council approved yesterday an open skies airline agreement with Ukraine. Scheduled to be signed this fall, the deal will “promote trade, tourism, investment and economic and social development,” the Council said. The accord, “neighborhood aviation agreement”, will require Ukraine to “adopt EU aviation standards and implement EU aviation rules,” the Council added. The […]

Trade with China Continues to Explode

Trade with China Continues to Explode

Ukraine’s trade with China, its largest trading partner, jumped by 48%, to $7.4 billion, during the first five months of this year, compared to January-May last year, Fan Xiangong, China’s ambassador to Ukraine told reporters yesterday. He said Ukraine is the top supplier to China of wheat, sunflower oil and sunflower meal. Speaking at a […]

Record Harvest, Farmland Sales, Bond Sales Jump 39%

Record Harvest, Farmland Sales, Bond Sales Jump 39%

By James Brooke 🔵Well-timed rains are pushing this year’s harvest to a record 100 million tons of grains, oilseeds and beans. Twenty years ago, the combined harvest was 9.5 million tons. 🔵 The start of a limited farmland market on July 1 should boost Ukrainian harvest yields, Bloomberg reports in a story: Ukraine will introduce long-awaited land reforms next […]

News: EU Trade +35%, Italian +39%, UK +41.5%, Infrastructure Investment, Growing Economy = Inflation

News: EU Trade +35%, Italian +39%, UK +41.5%, Infrastructure Investment, Growing Economy = Inflation

By James Brooke, UBN 🔵 Ukraine’s exports to the EU have increased by more than one third so far this year 🔵 Italy-Ukraine trade increased by 39%  🔵 In the first five months of the UK-Ukraine free trade deal, bilateral trade has jumped by 41.5% yoy 🔵 President Zelenskiy plans to spend $9 billion during the three remaining years […]

Ukrainian Exports up 25%

Ukrainian Exports up 25%

Exports are up by 25%, or almost $5 billion, for the first five months of this year, Prime Minister Shmygal writes on Facebook. Exports to China, Turkey, UK and US were up almost 50%, compared to January-May 2020. Registrations of used imported cars were up 45% for the first five months of this year, compared […]

Average Salaries +30% YOY

Average Salaries +30% YOY

🔵 The average nominal salary in April 2021 was up almost 30% yoy, reaching the hryvnia equivalent of $493, reports that State Statistics Service. With Ukraine’s average salary expected to cross $500 in May, Russia’s average salary is stalled at $713. In Ukraine, the fastest growing sectors were IT and science, where salaries were up 48% yoy […]

Apartment prices in Kyiv could nearly double

Apartment prices in Kyiv could nearly double

Apartment prices in Kyiv could nearly double – to $2,000 per square meter — by the end of 2023, predicts Serhiy Pylypenko, general director of Kovalska construction and construction materials company. Driving prices up 15-20% this year will be the rising cost of building materials, he told the Confederation of Builders conference, “Post-Quarantine Development” Wednesday in […]