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 […]

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 🔵 Russian Defense Minister Sergei Shoigu declared military drills near Ukraine to be over and that units would be withdrawn […]

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, […]