By James Brooke 🔵 Ukraine may receive $2.7 billion from the IMF this summer under a plan by the International Monetary Fund Managing Director, Kristalina Georgieva, to allocate $650 billion from international reserves to restore the world economy after the coronavirus crisis. Unlike the conventional IMF programs this money would not have to be paid back. The […]
New European security deal Talk of war is dominating the conversation in Eastern Europe the moment and tensions are high. Follow us on Twitter @bneintellinews or me personally @bneeditor for the latest. As we keep saying we don’t think it will come to blows but yesterday there were reports that Russia has moved up […]
By James Brooke, UBN 🔵 During the pandemic year, online shopping increased by 26% and shopping mall rents softened. Despite these conditions 20 new malls are expected to open across Ukraine by the end of next year. This will add a total of 1.8 million square meters of leasable area, reported the Kyiv Post. This year, Kyiv is […]
Investments in Ukraine 1. Country’s anti-investment year An unprecedented lockdown for Ukraine and other countries, border closure, and a massive panic over COVID-19 pandemic, minimized already weak investment inflow to the country’s economy. By the end of 2020, capital investment in Ukraine shrunk by 38.2% hitting Kherson, Zakarpattya, Kyiv, Lviv and Mykolaiv oblasts the most, […]
BNE IntelliNews https://www.intellinews.com/ukraine-poised-for-take-off-206242/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Edpicks Ukraine poised for take off When Ukrainian President Volodymyr Zelenskiy took over in April 2019 there was a huge wave of optimism that the country would finally start on the “catch up” growth that had been put off for almost three decades. Pretty much every other country in the Commonwealth of Independent […]
🤝 Kyivans concluded 135 mortgage agreements! (sorry for the click bait). NBU stated that in the regional context, Kyiv is the leader in the number of issued mortgages. These agreements’ total amount is 130.6 million UAH ($4.7mln, $34,800/mortgage) or 40% of the total amount throughout Ukraine. After Kyiv, more mortgage agreements were concluded in […]
🔵 Ukraine’s economy continues its strong post-Covid recovery. The NBU said in a major online press release that “the 2020 GDP fall (by 4.2%) turned out to be less pronounced than expected at the onset of the coronavirus crisis (by 6%). The adverse impact of the stricter quarantine restrictions imposed in January on the economy was only […]
By James Brooke 🔵 S&P Global Ratings re-affirms Ukraine “B with stable outlook” when it comes to long-term and short-term liabilities in foreign and national currencies, said the international agency. 🔵 “Ukraine’s growth, balance of payments and public finances exceeded our expectations in 2020,” S&P said in a press release. The Ministry of Finance has successfully maneuvered through many […]
James Brooke, UBN 🔵 Ukrainians relentlessly move away from cash, indicates a National Bank of Ukraine report for card and contactless payments. Last year, the number of transactions with payment cards jumped 25% yoy, to 5.2 million, with the volume increasing by 23%, to $79 billion. Highlights: Cash transactions dropped by 12% The number of Internet transactions jumped […]
🔵 With foreign investors increasingly believing in Ukraine’s foreign exchange rate stability, the Finance Ministry sharply cut yields by 60 basis points on 3-month papers, to 8.47%; by 13 basis points on 1-year papers, to 10.67%; and by 11 basis points on 1.5-year papers, to 11.04%. 🔵 Foreign investors were the fastest growing class of buyers in February, […]