Ukraine’s GDP Sets a Record for 2021, With External Borrowing Lower and +45% Increase in the Sales of Industrial Goods and Services. Ukraine’s gross domestic product (GDP) for 2021 grew to a record USD 200 billion. Its GDP expanded 5.9% (year on year) for the fourth quarter of 2021, making this the third quarter in a […]
A Free Trade Agreement (FTA) between Turkey and Ukraine has been signed eliminating customs on 10,337 goods, constituting 95% of the goods imported into Ukraine from Turkey. Other goods have reduced tariffs. Ukraine will also be able to export to Turkey at a 0% tariff both grain and all industrial products, with reduced tariffs for […]
For the fourth year in a row, Ukraine has beaten its agricultural export record. In 2021, Ukraine exported $27.9bln worth of agri-food products, almost 25% more than the record figure of 2020 ($22.4B). This is the fourth year in a row that Ukraine has beaten the historical agricultural export record. Notice: JavaScript is required for this […]
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 […]
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 […]
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 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 […]
China consolidated its new position as Ukraine’s top single nation trading partner. Ukraine’s exports to China grew 28% yoy, to $6.1 billion. Ukraine’s imports from China grew by 30%, to $7.6 billion. Ukrainian exports to the EU jumped by 54%, to $19.4 billion, or 40% of Ukraine’s overall exports of goods. Turkey came in third place, […]
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 […]
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.