BNE IntelliNews – Ukraine Poised for Take Off

BNE IntelliNews – Ukraine Poised for Take Off

BNE IntelliNews https://www.intellinews.com/ukraine-poised-for-take-off-206242/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Edpicks Ukraine poised for take off When Ukrainian President Volodymyr Zelenskiy took over in April 2019 there was a huge wave of optimism that the country would finally start on the “catch up” growth that had been put off for almost three decades. Pretty much every other country in the Commonwealth of Independent […]

Huge Amount of New Mortgages!

Huge Amount of New Mortgages!

   🤝 Kyivans concluded 135 mortgage agreements! (sorry for the click bait). NBU stated that in the regional context, Kyiv is the leader in the number of issued mortgages. These agreements’ total amount is 130.6 million UAH ($4.7mln, $34,800/mortgage) or 40% of the total amount throughout Ukraine. After Kyiv, more mortgage agreements were concluded in […]

Ukraine’s economy continues its strong post-Covid recovery

Ukraine’s economy continues its strong post-Covid recovery

🔵 Ukraine’s economy continues its strong post-Covid recovery. The NBU said in a major online press release that “the 2020 GDP fall (by 4.2%) turned out to be less pronounced than expected at the onset of the coronavirus crisis (by 6%). The adverse impact of the stricter quarantine restrictions imposed in January on the economy was only […]

Ukraine performed above expectations in 2020

Ukraine performed above expectations in 2020

By James Brooke 🔵 S&P Global Ratings re-affirms Ukraine “B with stable outlook” when it comes to long-term and short-term liabilities in foreign and national currencies, said the international agency. 🔵 “Ukraine’s growth, balance of payments and public finances exceeded our expectations in 2020,” S&P said in a press release. The Ministry of Finance has successfully maneuvered through many […]

Ukrainian IT!

Ukrainian IT!

By James Brooke, UBN 🔵 Bucking the world recession, Ukraine’s IT exports increased by 20% yoy, to $5 billion, according to new figures from the National Bank of Ukraine. IT now accounts for 8.3% of total exports, putting it in fourth place after food, metals, and migrant labor. In 2013, IT accounted for 1.3% of Ukraine’s […]

News

News

James Brooke, UBN 🔵 Ukrainians relentlessly move away from cash, indicates a National Bank of Ukraine report for card and contactless payments. Last year, the number of transactions with payment cards jumped 25% yoy, to 5.2 million, with the volume increasing by 23%, to $79 billion. Highlights: Cash transactions dropped by 12% The number of Internet transactions jumped […]

Foreign investors drive bond yields lower

Foreign investors drive bond yields lower

🔵 With foreign investors increasingly believing in Ukraine’s foreign exchange rate stability, the Finance Ministry sharply cut yields by 60 basis points on 3-month papers, to 8.47%; by 13 basis points on 1-year papers, to 10.67%; and by 11 basis points on 1.5-year papers, to 11.04%.  🔵 Foreign investors were the fastest growing class of buyers in February, […]

Actual Mortgages!

Actual Mortgages!

By James Brooke, UBN 🔵 Offering a boost to residential construction, the first two mortgages were signed yesterday under a new state program “Affordable Mortgage at 7%.” The 20-year mortgages are reserved for apartments or house that are under six years old. The maximum value of the residence is $90,000, the maximum loan size is $71,500, the down […]

Infrastructure!  Finally …

Infrastructure! Finally …

By James Brooke, UBN 🔵 With the traditional March start of the roadbuilding season, Ukraine will see this year the largest amount of road construction since Independence 30 years ago. In all, 4,678 km of roads are to be rebuilt this year – 20% more than last year and nearly four times the annual average of 2017-2019. […]