Kyiv rose to 87th place Best Cities Reports 2021

Kyiv rose to 87th place Best Cities Reports 2021

According to the rating of Best Cities Reports 2021, Kyiv rose from 139th to 87th place. For the first time, the Ukrainian capital was included in the top-100 Best Cities lists.  The cost of construction has risen At a panel discussion, Anna Laevska, Commercial Director of Intergal-Bud, that the cost of housing construction has increased. […]

Mortgages Triple, China Trade Surges

Mortgages Triple, China Trade Surges

 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 […]

Farming: Ukraine’s Most Profitable Sector

Farming: Ukraine’s Most Profitable Sector

 Farming was the most profitable economic activity in Ukraine last year, netting $3 billion, reports the National Scientific Center Institute of Agrarian Economics. Of the nation’s farms, 83% made money, and 17% lost money. In 2019, a year of record grain harvests, profits were 13% higher — $3.4 billion. This year, with the grain harvest expected […]

Farmers bring in record wheat harvest

Farmers bring in record wheat harvest

 “Phenomenal yields” are pushing Ukraine’s wheat harvest to an all time record this summer, the Canada-based Western Producer news site reports in an article headlined: “Ukraine shines as Black Sea wheat takes hit.” Russia’s harvest may drop 4% to 82 million tons and Kazakhstan production is to fall to 12 million tons. In contrast, Grain Trade […]

UKRAINE BUSINESS NEWS

UKRAINE BUSINESS NEWS

 Kyiv and Lviv lead Ukraine’s five largest cities for rising office space costs. During the first half of this year, the purchase price of Kyiv office real estate increased by 18.4% yoy, $2,269 per square meter – more than double the national average of 8.4%. Office rents increased by 13.3% in Kyiv, to $18.7 per […]

Business confidence has returned to pre-pandemic levels

Business confidence has returned to pre-pandemic levels

Business confidence has returned to pre-pandemic levels of October 2019, reports the central bank. Now, the trend line seems headed to the high levels of the start of the Zelenskiy Presidency. Agriculture and trade were the locomotives of a 4 point increase in the Business Expectations Index maintained by the National Bank of Ukraine. Remittances […]

Nominal salaries +24%, UAH continues to strengthen

Nominal salaries +24%, UAH continues to strengthen

The average nominal salary of Ukrainians last month was 24% higher than one year earlier, the State Statistics Service reports. This June salary — $533 a month – is 2.4 times greater than the minimum wage of UAH 6,000 [$223]. Ukraine’s yearly inflation in May was 9.5%. Partly cancelling that out, the hryvnia has increased in […]

Ukraine’s GDP grew by 6%

Ukraine’s GDP grew by 6%

Ukraine’s GDP grew by 6% yoy in the second quarter, the Economy Ministry reported yesterday. The increase comes after five straight quarters of decline due to the coronavirus pandemic. In a Reuters poll, economists predicted an 8% yoy increase. The Ministry said: “In the second quarter of 2021 economic recovery entered a positive trend, although […]

$2.7bln IMF Deal

$2.7bln IMF Deal

🔵 Ukraine should receive $2.7 billion from the IMF by late August, in time for $3 billion in debt payments due in September.  The funds will be Ukraine’s portion of a $650 billion distribution of IMF money approved Thursday by the IMF Board. “This is a very positive step by the IMF, including for Ukraine, […]