The Effect of Mortgages on FSU RE

Interesting to see the effect of mortgages on FSU real Estate markets. Tycoons Make Billions From Russian Property in Pandemic Boom 2021-09-24 06:00:00.9 GMT By Alex Sazonov (Bloomberg) — Russia’s property tycoons are minting vast fortunes after a government move to boost the market during the pandemic helped spur a housing boom. Sergey Gordeev, the […]

Mortgages Triple, China Trade Surges

Mortgages Triple, China Trade Surges

 Banks issued $135 million in home mortgages during the first half of this year – more triple the amount of January-June 2020, reports the National Bank of Ukraine. Spurring the flow of money, the government adopted March 1 its ‘Affordable Mortgage 7%’ program. Under this program, up to $75,000 can be loaned for up to 20 […]

Ukraine’s foreign trade increased

Ukraine’s foreign trade increased

Ukraine’s foreign trade in goods increased by almost 30% for the first half of this year, compared to the same January-June period last year said Taras Kachka, Ukraine’s Trade Representative writes on Facebook. Compared to the first half of 2019, the last ‘normal’ year, trade is up 22% and the trade deficit is down 60%, to […]

New IMF Laws, Slightly Increased Mortgage Lending

New IMF Laws, Slightly Increased Mortgage Lending

🔵 The Rada approved two laws yesterday that may clear the way for a resumption of IMF lending in September 2021. 🔵 The parliament has restored jail sentences for officials who lie on declarations of their assets and on assets of close relatives. Neglecting to list an asset worth over $150,000 could be punished by one year in […]

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 […]