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 […]

Average Salaries +30% YOY

Average Salaries +30% YOY

🔵 The average nominal salary in April 2021 was up almost 30% yoy, reaching the hryvnia equivalent of $493, reports that State Statistics Service. With Ukraine’s average salary expected to cross $500 in May, Russia’s average salary is stalled at $713. In Ukraine, the fastest growing sectors were IT and science, where salaries were up 48% yoy […]

Apartment prices in Kyiv could nearly double

Apartment prices in Kyiv could nearly double

Apartment prices in Kyiv could nearly double – to $2,000 per square meter — by the end of 2023, predicts Serhiy Pylypenko, general director of Kovalska construction and construction materials company. Driving prices up 15-20% this year will be the rising cost of building materials, he told the Confederation of Builders conference, “Post-Quarantine Development” Wednesday in […]

Real Estate Prices Moving Higher

Real Estate Prices Moving Higher

Experts predict rising real estate prices Upon completion of local “lockdowns”, the price of properties in various segments may increase by an average of 5%. Prolonged quarantine restrictions have slowed demand in the secondary market of Kyiv by10%. 🔵 Enjoying a peace window, on Monday Ukraine placed 8-year Eurobonds worth $1.25 billion at 6.875% per […]

Russian Troop Withdrawal, Bankers Optimistic on Mortgage Lending

Russian Troop Withdrawal, Bankers Optimistic on Mortgage Lending

🔵 Ukraine’s GDP warrants and Eurobonds reacted positively to news yesterday that Russia will start to withdraw its troops from Ukraine’s borders. Warrants jumped from 102.5% to 104.4%, and Eurobonds rose by 0.8-2.3 percentage points, depending on maturity dates. 🔵 Russian Defense Minister Sergei Shoigu declared military drills near Ukraine to be over and that units would be withdrawn […]

By James Brooke

By James Brooke

🔵 Russia’s naval deployments in the Black and Azov Seas threaten to “block important trade routes in international waters,” Ukraine’s Defense Minister Andriy Taran warned the European Parliament’s subcommittee on Security and Defense on Wednesday. The bulk of Ukraine’s $103 billion in foreign trade last year moved by ship. Taran has predicted: “The total number of Russian […]

Ukraine gets a lucky break

Ukraine gets a lucky break

Ukraine’s position is improving noticeably even if it is being threatened by Russian troop movements and I’m beginning to get more optimistic as it has had a run of luck. Ukrainian president Volodymyr Zelenskiy was just in Qatar where he did a string of deals and big investment projects into ports, rail, construction and trade […]

IMF Raises GDP Growth

IMF Raises GDP Growth

🔵 The IMF has raised its Ukraine GDP growth to 4% this year, up from its forecast of 3% made six months ago. World GDP is to increase by 6% this year, “reflecting additional fiscal support in a few large economies and the anticipated vaccine-powered recovery in the second half of the year,” the IMF wrote in […]