Ukraine’s GDP Sets a Record for 2021, With External Borrowing Lower and +45% Increase in the Sales of Industrial Goods and Services. Ukraine’s gross domestic product (GDP) for 2021 grew to a record USD 200 billion. Its GDP expanded 5.9% (year on year) for the fourth quarter of 2021, making this the third quarter in a […]
Zelensky’s administration intends to launch the “Ukrainian Dream” program with a low mortgage rate. The state program tagged the “Ukrainian Dream”, with a mortgage rated at 5% per annum, will be launched between January-March 2022, said Deputy Head of the office of The President, Rostislav Shurma. From now on, an average Ukrainian family with an income of UAH […]
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.
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, […]
Under a new government programme, mortgages are now available at 7%, maximum amount $76,000, 20 years, and down payment 15%. Loans are now issued for the purchase of residential property in the construction phase in the primary market, or the secondary market. Average Kyiv apartment prices continue to rise. Please note these figure are the average […]
Foreign direct investment in Ukraine in the first half of 2021 reaches record levels for the first time in four years. “In the first half of 2021, foreign direct investment in Ukraine amounted to $ 2.83 billion, of which $ 2.33 billion came from the European Union. Investment growth in the first half of the […]
Hryvnia has become one of the currencies worldwide that strengthened the most in 2021. Ukrainian hryvnia is among the ten currencies in the world that strengthened the most against the US dollar in 2021. According to Ukrinform, this is supported by Bloomberg ratings, with currencies in Eastern Europe’s best performer this year. According to Deputy […]
The average salary in Ukraine has exceeded $500. This is an absolute record for our country said Prime Minister Denys Shmyhal. “In June this year, it amounted to 14,313 hryvnias ($525), an increase over the year by almost 24%. The largest average salary is in Kyiv UAH 20,400 ($760), the smallest in the Kirovograd region […]
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 […]
The net profit of Ukrainian banks was valued at UAH 45.6 bln ($1.7 bln) in January-August 2021, which is UAH 13 bln ($0.48 bln) more than in the same period in 2020. This announcement which was posted by the NBU on its Telegram channel concluded that the 40% increase in profitability illustrates the healthy returns in […]