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 […]

UKRAINE BUSINESS NEWS

UKRAINE BUSINESS NEWS

New car sales increased by 30% during the first half of this year, compared to the same January-June period last year, reports Ukravtoprom, the vehicle industry association. Last year, despite the Covid-induced recession, car sales dropped only 3%, compared to 2019. Of the 48,400 new cars sold this year through June, the leading brands were: […]

Record Harvest, Farmland Sales, Bond Sales Jump 39%

Record Harvest, Farmland Sales, Bond Sales Jump 39%

By James Brooke 🔵Well-timed rains are pushing this year’s harvest to a record 100 million tons of grains, oilseeds and beans. Twenty years ago, the combined harvest was 9.5 million tons. 🔵 The start of a limited farmland market on July 1 should boost Ukrainian harvest yields, Bloomberg reports in a story: Ukraine will introduce long-awaited land reforms next […]

News: EU Trade +35%, Italian +39%, UK +41.5%, Infrastructure Investment, Growing Economy = Inflation

News: EU Trade +35%, Italian +39%, UK +41.5%, Infrastructure Investment, Growing Economy = Inflation

By James Brooke, UBN 🔵 Ukraine’s exports to the EU have increased by more than one third so far this year 🔵 Italy-Ukraine trade increased by 39%  🔵 In the first five months of the UK-Ukraine free trade deal, bilateral trade has jumped by 41.5% yoy 🔵 President Zelenskiy plans to spend $9 billion during the three remaining years […]

Ukrainian Exports up 25%

Ukrainian Exports up 25%

Exports are up by 25%, or almost $5 billion, for the first five months of this year, Prime Minister Shmygal writes on Facebook. Exports to China, Turkey, UK and US were up almost 50%, compared to January-May 2020. Registrations of used imported cars were up 45% for the first five months of this year, compared […]

By James Brooke

By James Brooke

🔵 Russia’s naval deployments in the Black and Azov Seas threaten to “block important trade routes in international waters,” Ukraine’s Defense Minister Andriy Taran warned the European Parliament’s subcommittee on Security and Defense on Wednesday. The bulk of Ukraine’s $103 billion in foreign trade last year moved by ship. Taran has predicted: “The total number of Russian […]

Ukraine gets a lucky break

Ukraine gets a lucky break

Ukraine’s position is improving noticeably even if it is being threatened by Russian troop movements and I’m beginning to get more optimistic as it has had a run of luck. Ukrainian president Volodymyr Zelenskiy was just in Qatar where he did a string of deals and big investment projects into ports, rail, construction and trade […]

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’s economy continues its strong post-Covid recovery

Ukraine’s economy continues its strong post-Covid recovery

🔵 Ukraine’s economy continues its strong post-Covid recovery. The NBU said in a major online press release that “the 2020 GDP fall (by 4.2%) turned out to be less pronounced than expected at the onset of the coronavirus crisis (by 6%). The adverse impact of the stricter quarantine restrictions imposed in January on the economy was only […]

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 […]