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 […]

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 […]

Ukraine takes 11th place for best country for software development

Ukraine takes 11th place for best country for software development

Central and East Europe is at the forefront of offshore software development. As a global technology powerhouse, #Ukraine takes 11th place on the list of the best offshore countries for offshore software development in the world. ICT outsourcing is Ukraine’s second largest service sector with revenues of nearly $ 5.7 billion in 2020 and projected revenues of […]

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,” […]