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 […]
🔵 With Ukraine’s imports and exports of goods up by 26%, the trade deficit has dwindled to $1.1 billion for the first five months of this year. May 2021 saw a trade surplus of $261 million, the State Statistics Service reported Friday. At the start of 2021, some economists forecast a goods trade deficit of $8 billion. […]
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 […]
🔵 From today, Ukrainians can sell their farmland, a right largely lost after the communist takeover one century ago. “Ukrainians will become the real masters of their land, because they will be able not only to own it, but also to dispose of it freely,” Prime Minister Shmygal wrote yesterday on Telegram. “There is not a single […]
🔵 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 […]
🔵 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 […]
🔵 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 […]
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 […]
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 […]
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 […]