Partners news Friday, July 30 Editor’s Note: In their joint statement on Nord Stream 2, Berlin and Washington repeatedly threaten to retaliate if Russia uses “energy as a weapon.” Why threaten? Why not act now? It is happening now. Gazprom is pi...
Real Estate Friday, July 30 To speed up demolition of the 1950s-era Khrushchovky, the five-story concrete panel apartment buildings, the government plans to lower the barrier of consent of residents to demolition to 75%, from 100% today. A renovation program adopted 15 years ago ha... #DemolitionofBuildingsUkraine #RealEstateUkraine #RebuildingUkraine
Real Estate Friday, July 30 The government will issue $750 million worth of housing bonds after completion of an ongoing merger of the State Mortgage Institution and the Ukrainian Financial Housing Company, reports the Cabinet of Ministers. Priority recipients will be veterans, young famil... #HousingBonds #UkraineRealestate
Real Estate Friday, July 30 The governments heavily promoted “Mortgage at 7%” program is not having an impact on housing sales, Volkovska said of the Association’s online survey of 41 construction finance managers. Of the group, 54% said they have not noticed any impact. Looking ahead, 38% said they hoped it will spark more sa... #HousingsalesUkraine #MortgageProgram #RealEstateUkraine
Real Estate Friday, July 30 Demand for apartments across Ukraine has returned to pre-pandemic levels, reports Viktoria Volkovska, Director General of the Finance and Investment Association, a group of 41 construction finance funds. A poll by the group found that 77% want to buy a new apartment to impr... #DemandforApartmentsUkraine #HousingDemandUkraine #RealEstateUkraine
Real Estate Friday, July 30 Construction costs are increasing twice as fast as inflation, up by 19.5% in June, compared to June 2020, reports the State Statistics Service. Since the start of the year, prices for construction and installation are up by 15%. The biggest increase is for engineering – up 25.5%. La... #ConstructionCostsukraine #ConstructionUkraine #ResidentialConstruction
Real Estate Friday, July 30 Houses in suburbs within 20 km of Kyiv City have increased in price by 10-15% this year, says Yuriy Pitu, the President of the Realtors Association of Ukraine. Over the two-year construction cycle, prices can increase by 40-50%, he tells UNIAN. He adds: “The popularity of private estates ... #HousemarketUkraine #HousessalesUkraine #HousingMarketUkraine #RealEstateUkraine #SuburbsHousingUkraine
Real Estate Friday, July 30 The average prices for a new apartment in Kyiv rose 16.2% during the first half of this year, compared to January-June 2020, Halyna Martynenko, spokeswoman for City Communications, tells Interfax-Ukraine. The market fell 2014-2017, rose by 10% in 2018 and by 22% in 2019, then stayed flat in 2020, she said. According to City One Development, t... #HousepricesUkraine #newapartmentsprices #NewConstructionPrices #RealestateUkraine2021
Real Estate Friday, July 30 The Lease of new office space in Kyiv in the first half of this year was 60,000 square meters, 66% higher than in the first half of 2020 , reported Colliers International Ukraine. Of this new takeup, 64% went to IT companies, Oleksandr Nosachenko, the Managing Director of Colliers (Interfax-Ukraine). So far this year, five business cen... #KyivOfficeLease #OfficeLeaseKyiv #Officerentukraine #RealEstateUkraine
Finance Friday, July 30 Kyiv Commercial Court has confirmed the validity of the purchase of $153 million of Ukrzaliznytsia debt by VR Global Partners, L.P. Noting that VR has won seven judgements in a row on the Feb. 2019 purchase, Richard Deitz, the President of VR, described the railroad’s legal objections as “nothing other than a spurious attempt by t... #Ukrzaliznytsia #UkrzaliznytsiaDebt #UZdebt #VRGlobalPartnersandUZ
Finance Friday, July 30 “For Ukraine’s image in the West, this is not good news, ” he concludes. “However, for Ukraine’s public finances, this is not a big problem, as Ukraine counts on receiving about $2.9 billion from the IMF in the form of SDR allocation in the coming months.”... #IMFaidforUkraine #IMFandUkraine #UkraineFinances #UkraineImage
Finance Friday, July 30 It is unlikely that Ukraine will get any more money from its $5 billion June 2020 Stand-By Arrangement with the IMF, writes Concorde Capital’s Alexander Paraschiy. He calls the Wednesday night call between President Zelenskiy and IMF Managing Director Kristalina Georgieva “a clear indicator that Ukraine failed to me... #IMFandUkraine2021 #IMFmoneypostponed #MoneyFromIMF
Energy Friday, July 30 This summer’s high gas prices will mean increases of 15-70% in winter heating bills for Ukrainians , forecasts Ukrteplokommunenergo, the heating supply industry association. “If the price of gas continues to rise…we can predict growth [of bills] by 15-70%, depending on the region, city, local commu... #EugasforUkraine #Gasprices2021 #GaspricesforUkraine #GaspricesRising
Energy Friday, July 30 High gas prices in Asia – a 20% premium over EU — are causing diversion of LNG cargoes away from EU to Asia, according to S&P Global Platts. LNG deliveries to EU terminals in July were down by almost one third compared to the pre-pandemic year of 2019. For Europe, LNG is the main alternative to Russian p... #EUgasPrices #GaspricesRising #HighGaspricesAsia #LNGdeliveries
Energy Friday, July 30 EU gas prices have spiked to historic highs, increasing 10-fold on the Dutch TTF in the last 15 months, said Serhiy Makogon, the Director General GTS Ukraine Operator, wrote yesterday on Facebook. “Today at the European hub TTF, the price of gas with delivery next month crossed the border of 40 euros pe... #EUgasPrices #EUgasprices2021 #Gasprices2021 #GaspricesRising