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 […]

IMF Windfall

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 […]

Ukraine Business News – Investments in Ukraine

Ukraine Business News – Investments in Ukraine

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 – Ukraine Poised for Take Off

BNE IntelliNews – Ukraine Poised for Take Off

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 […]

Huge Amount of New Mortgages!

Huge Amount of New Mortgages!

   🤝 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 performed above expectations in 2020

Ukraine performed above expectations in 2020

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 […]

Ukrainian IT!

Ukrainian IT!

By James Brooke, UBN 🔵 Bucking the world recession, Ukraine’s IT exports increased by 20% yoy, to $5 billion, according to new figures from the National Bank of Ukraine. IT now accounts for 8.3% of total exports, putting it in fourth place after food, metals, and migrant labor. In 2013, IT accounted for 1.3% of Ukraine’s […]

Foreign investors drive bond yields lower

Foreign investors drive bond yields lower

🔵 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, […]