On March, 2, 2021, Maryna Gurevych, head of the consulting department and Iryna Kharchuk, business development manager at NAI Ukraine, within the monthly meeting of NAI Global, presented report on “Investment attractiveness of the Ukrainian market” in the context of the CIS region.
The presentation was conducted online and NAI Global colleagues from 23 countries joined it. Among participants were representatives from the USA, Germany, Italy, Poland, Romania, Czech Republic, Slovakia, Switzerland and Netherlands.
Marina Gurevich presented the economic component of Ukraine in the post-COVID period, as well as Kyiv real estate market analysis, and the country as a whole, the specifics of demand and trends in 2020, with future prospects and forecasts.
"In 2020, Ukraine had one of the smallest GDP falls in Europe. In 2021, a return to economic growth is forecast. According to forecasts, Ukraine is among the countries with the fastest recovery (3-6% per year). Given the difference in the value of national currencies (GDP at purchasing power parity), the country is "close" to the nearest in size, but traditionally perceived more successful, Romania”, - mentioned Marina Gurevych.
During the event, the speaker stressed that one of the most important drivers was the retail industry, which has maintained one of the most significant growth among European countries. In 2020, retail trade increased by 10% in hryvnia and 5% in US dollars, compared to the previous year.
In other economy sectors, there was a moderate decline in the range of 10-15%. Despite this, Ukraine remains a country with a significant volume of agricultural and industrial sectors in the European arena.
The economy is continuing to reform, notable events in 2020 have been: increasing transparency of privatization, the tax system, the opening of the land market, the legalization of casinos and the first concession agreements.
In her turn, Iryna Kharchuk reported about new business opportunities for foreign enterprises and investment funds in infrastructure and logistics projects in Ukraine in the form of concessions.
In particular, Iryna noted: “As a new investment opportunity, there are numerous concession projects of infrastructure facilities that are being implemented throughout Ukraine, such as ports, highways and railway stations. Also, no matter how popular was the logistics real estate market for foreign investment in 2020, this trend will remain relevant in 2021. Ukraine is considered by a lot of well-known companies as a promising country for further production. This provides a stable platform for successful business in the long-term perspective. This aspect and international NAI Global network support are extrapolated to the activities of NAI Ukraine and strengthens our position in the Ukrainian real estate market. "
The report also noticed that as part of a nationwide infrastructure refurbishment, regional airports are looking for international contractors and consultants for an innovative and successful development refurbishment project.
Particular emphasis during the presentation was placed on the future release of new brands. After all, only 30% of the top 50 retail brands are represented in Ukraine. Mango, H&M have some of the most profitable stores in Kyiv in the Lavina shopping mall. In 2020, IKEA was opened in Kyiv, ushering in a new era in Ukrainian retail.
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