President to Launch 5% Mortgage Programme

President to Launch 5% Mortgage Programme

Zelensky’s administration intends to launch the “Ukrainian Dream” program with a low mortgage rate. The state program tagged the “Ukrainian Dream”, with a mortgage rated at 5% per annum, will be launched between January-March 2022, said Deputy Head of the office of The President, Rostislav Shurma. From now on, an average Ukrainian family with an income of UAH […]

Record Harvest from Record Lending

Record Harvest from Record Lending

Ukrainian farmers harvested a record 106 million tons of grains, beans and oilseeds this year. The top crop – corn – was up 11% over last year and hit 40 million tons. Wheat jumped by 29% to 32.4 million tons. And sunflower seeds were up 34%, to 16.3 million tons. “This is the absolute maximum in the entire history […]

Record high GDP

Record high GDP

Ukraine’s GDP has reached a historic high — $195 billion, . Looking ahead, growth will be propelled by government spending: insulation of apartment buildings, restoration of irrigation systems, cheap mortgage loans, and financing of exports. Analysts predict that GDP growth will be 3% this year. Notice: JavaScript is required for this content.

Ukrainian Mortgage Growth

Ukrainian Mortgage Growth

Ukrainian banks have made twice as many mortgage loans for almost three times the amount of money during the first nine months of this year, the central bank reports in a year-over-year analysis. Through September, banks have issued 7,500 mortgage loans for a total of $230 million, reports the National Bank of Ukraine. The average loan is […]

Record Food Prices & Record Harvest = :))

Record Food Prices & Record Harvest = :))

Fighting a flood of dollars, Ukraine’s central bank bought more than half a billion dollars during the first three days of this week in a battle to keep the hryvnia from over strengthening. Since the start of this year, the National Bank of Ukraine has made net purchases of $3 billion to prevent the hryvnia from strengthening […]

Average Salaries +18.7% yoy

Average Salaries +18.7% yoy

The average salary in September 2021 in Ukraine,  the average wage increased by 18.7% yoy.   The number of individual entrepreneurs (FOP) is growing on average of 7,000 every month. “As of October 20, there are 1,982,348 FOPS active in Ukraine. Notice: JavaScript is required for this content.

Increased Mortgages, Prices, Retail Trade

Increased Mortgages, Prices, Retail Trade

Under a new government programme, mortgages are now available at 7%, maximum amount $76,000, 20 years, and down payment 15%. Loans are now issued for the purchase of residential property in the construction phase in the primary market, or the secondary market. Average Kyiv apartment prices continue to rise.  Please note these figure are the average […]

Reduction NPLs

Reduction NPLs

State-owned banks reduced non-performing loan (NPL) portfolios by UAH 108 billion ($4.1 bln). Since January 2020, the reduction in the level of NPLs in the period to September was 35%. State-owned banks reduced NPL portfolios by UAH 108 billion, which is almost 80% of the total reduction in the banking system.  The announcement was made by the […]