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, […]