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 […]

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, […]

Actual Mortgages!

Actual Mortgages!

By James Brooke, UBN 🔵 Offering a boost to residential construction, the first two mortgages were signed yesterday under a new state program “Affordable Mortgage at 7%.” The 20-year mortgages are reserved for apartments or house that are under six years old. The maximum value of the residence is $90,000, the maximum loan size is $71,500, the down […]

KRER Comment on BNE

KRER Comment on BNE

https://www.intellinews.com/comment-ukraine-s-government-to-subsidise-home-mortgages-that-could-drive-real-estate-boom-202450/?source=ukraine   Notice: JavaScript is required for this content.

GDP Returns to Normal

GDP Returns to Normal

By James Brooke 🔵 Ukraine’s economic activity in the fourth quarter of last year was only down 1% yoy, far better than the forecast drop of 3%, Economy Minister Ihor Petrashko told reporters Tuesday at the Ukraine 30 Coronavirus: Challenges and Responses Forum in Kyiv. “Currently, the conditions for economic recovery, in principle, are quite favorable,” […]

Reuters Forecast: Q2 GDP Jumps 10%

Reuters Forecast: Q2 GDP Jumps 10%

By James Brooke Ukraine Business News (UBN) 🔵 Ukraine’s economy will rebound sharply to 10% growth yoy in the second quarter of 2021, breaking five successive quarters of decline, according to a Reuters poll of 12 Ukrainian analysts. The median forecast of analysts has the GDP shrinking by 0.5% yoy in January-March, but then growing by 10.2% in […]

Ukraine’s Economic Comeback!

Ukraine’s Economic Comeback!

  By James Brooke 🔵 Dragon Capital predicts Ukraine’s GDP will grow this year by 5.3%, Tomas Fiala, the investment bank’s CEO, said yesterday at the European Business Association. This would bring the GDP to $171 billion, “a figure comparable to 2013, although we have lost part of the country and part of the economy,” Fiala said, […]