Ukraine takes 11th place for best country for software development

Ukraine takes 11th place for best country for software development

Central and East Europe is at the forefront of offshore software development. As a global technology powerhouse, #Ukraine takes 11th place on the list of the best offshore countries for offshore software development in the world. ICT outsourcing is Ukraine’s second largest service sector with revenues of nearly $ 5.7 billion in 2020 and projected revenues of […]

Latest News

Latest News

Provided by James Brooke, UBN 🔵 With demand strong for Ukrainian government bonds, the Finance Ministry depressed yields on all five hryvnia bonds sold at yesterday’s auction, the Ministry reported. With yields dropping from six to 44 basis points, the final range was 9.15% for 3-month bonds to 12.05% for 3-year bonds. The government sold hryvnia bonds […]

KRER Comment on BNE

KRER Comment on BNE

https://www.intellinews.com/comment-ukraine-s-government-to-subsidise-home-mortgages-that-could-drive-real-estate-boom-202450/?source=ukraine   Notice: JavaScript is required for this content.

GDP Returns to Normal

GDP Returns to Normal

By James Brooke 🔵 Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%, Economy Minister Ihor Petrashko told reporters Tuesday at the Ukraine 30 Coronavirus: Challenges and Responses Forum in Kyiv. “Currently, the conditions for economic recovery, in principle, are quite favorable,” […]

Reuters Forecast: Q2 GDP Jumps 10%

Reuters Forecast: Q2 GDP Jumps 10%

By James Brooke Ukraine Business News (UBN) 🔵 Ukraine’s economy will rebound sharply to 10% growth yoy in the second quarter of 2021, breaking five successive quarters of decline, according to a Reuters poll of 12 Ukrainian analysts. The median forecast of analysts has the GDP shrinking by 0.5% yoy in January-March, but then growing by 10.2% in […]

Ukraine’s Economic Comeback!

Ukraine’s Economic Comeback!

  By James Brooke 🔵 Dragon Capital predicts Ukraine’s GDP will grow this year by 5.3%, Tomas Fiala, the investment bank’s CEO, said yesterday at the European Business Association. This would bring the GDP to $171 billion, “a figure comparable to 2013, although we have lost part of the country and part of the economy,” Fiala said, […]

Ukraine to Launch new court to settle non-performing loans

Ukraine to Launch new court to settle non-performing loans

By James Brooke, UBN 🔵 Aiming to cut nonperforming loans in half by 2023, Ukraine is speaking with the IMF about creating a special financial court to settle bank loan disputes, Central Bank Governor Shevchenko told Reuters on Monday. The portion of bank loans judged non-performing is 42%. “That is why we are now discussing the option of […]

Strong Retail Expansion

Strong Retail Expansion

James Brooke, UBN 🔵 IKEA opens its first bricks and mortar store in Ukraine today and will be the first in SE Europe new ‘city format’ – 5,000 square meters, instead of the usual 30,000 square meters. Last May, IKEA started an internet store and was immediately overwhelmed. 🔵 French sportswear brand Decathlon opens this spring its […]