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 […]

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 […]