Hryvnia (UAH) is the national monetary unit and currency of modern Ukraine.

May 19th, 2009


The first coins found on the territory of Ukraine are ancient Greek coins found on the Black Sea and the Azov Sea coasts. In the 10th century Prince Volodymyr of the Kyivan Rus started minting silver and gold coins called “sribnyk”and “zlatnyk’. Later, the silver hryvnia became the principle monetary unit of the Aincent Rus.

 

Afterwards, the territory of Ukraine was divided among other countries with the correspondent use of their currencies. Situation started changing only after the Ukrainian People’s Republic (UPR) was created. Under the UPR, Hetmanat, and Dyrectoria existing from 1917 to 1920, twenty-four types of legal tender were being issued.

 

Conditions for introducing full-fledged national currency have formed after independence of Ukraine was declared. To follow the traditions of the Kyivan Rus and liberation efforts of 1917 to 1920 hryvnia and its small change kopeck were put into circulation.

 

Founded in 1991, the National Bank of Ukraine is granted prerogative rights to put into circulation (emit) banknotes and coins. The NBU designs the bills and defines their face-value, assigns protective system and payment marks. To print and coin money the Country’s own Mint and Banknote factory was set up with the state-of-the-art equipment provided.   

 

The letter code of the currency is UAH, with numerical code 980, abbreviated form as “???” in Cyrillic.

 

Hryvnia is forgery protected through the following:

·  Watermarks.

·  Protective strip.

·  Relief elements.

·  Combined image.

·  Iridescent printing.

·  Anti-scan gauze.

·  Encoded latent image.

·  Microtext.

·  Visible protective fibers.

·  Invisible protective fibers.

·  Fluorescent number.

·  Magnetic number.

·  Hidden face-value designation.

·  Fluorescent printing.

·  Letterpress.

·  “Orlovsky” printing.

 

Banknotes and coins in circulation:

·  Paper bills of nominal value of 1 hryvnia (issue of 1992, 1994, and 1995); 2 hryvnias (1992, 1995, and 2001); 5 hryvnias  (1992, 1994, 1997, and 2001); 10 hryvnias (1992, 1994, 2000 and 2004); 20 hryvnias (1992, 1995, 2000 and 2003); 50 hryvnias (1994 and 2004), 100 hryvnias (1994); and 200 hryvnias (2001);

·  Small change coins denominated 1 kopeck (coinage of 1992, 1994, 1996, 2000, and 2001); 2 kopecks (1992, 1993, 1994, 1996, and 2001); 5 copecks (1992, 1996, 2001); 10 kopecks (1992, 1994, 1996, 2001); 25 (1992, 1994, 1996, 2001), and 50 kopecks (1992, 1994, 1995, 1996 and 2001) kopeck.

·  Current coin of one hryvnia of 1995, 1996, and 2002 coinage.

 

 

General Info about Ukraine

May 19th, 2009

Ukraine is the biggest Eastern European country with the totla area of 603,700 sq.km. According to the All-Ukrainian Population Census, as of December 2001, its population accounted for 48.5 million people. However, since 2001, it has shrinked significantly.

The average density of population in 2001 was 80 persons per sq. km.
In the West, Ukraine borders Poland, Slovakia, Hungary, Romania, and Moldova. In the north and the East - Russia and Belarus.
Ukraine gained independence after adoption of the Independence Act on 24 August 1991, which was approved by the referendum on 1 December 1991 .
According to the Constitution of Ukraine, adopted on 28 June 1996, Ukraine is a Unitarian, sovereign and independent, democratic, law-based state.
President of Ukraine is the head of state and acts on behalf of it. President is the guarantor of the state sovereignty, territorial integrity of Ukraine, the adherence to the Constitution of Ukraine.
By the form of government Ukraine is a republic.
State power in Ukraine is divided into three branches; legislative, executive and judicial. In Ukraine the institutions of local government are recognized and guaranteed.
The legislative body of Ukraine is Parlament – Verkhovna Rada.
The Cabinet of Ministers is the highest body of the executive power.

Ukraine consists of:

   According to the administratively territorial division Ukraine accounts for:

  • Autonomous Republic of Crimea
  • 24 administrative regions
  • 2 cities with a special status. One of them -Kyiv, the capital of Ukraine, with the population of 2.6 million inhabitants.

 

  • 608 districts, including city/town districts
  • 1344 urban settlements, including 454 cities and towns
  • 28621 villages
  • .

 

Multidirectional trends in real estate prices in Ukraine in May 2009

May 19th, 2009


The real estate market in Ukraine is out of healthy logic. The price trens show mixed dynamics. Some analysts ascertain a rise in prices and sales volumes, while others claim they are still falling .

 Following the results of April the inhabited real estate in Kiev has risen in price for 1,6 %. Such data is confirmed by the Analytics Committee of the Union of Real Estate Experts of Ukraine. However, experts of the Union have made a reservation at once that the insignificant rise in prices has technical character and is connected with sale in April of dozens of objects the prices on which were the least. As a result of sales of the specified objects, the indicator has moved aside more expensive offer which “hangs” for a long time in the real estate market, without feeling sufficient interest from outside buyers. “The next month will show if the reached price level is low enough for awakening of activity of buyers, or we will detect signs of additional correction”, - analysts say.

It is one point of view. Another is expressed by the SV Development company. According to them, from April, 1st through May, 1st, 2009 the average price of sale of 1-3 room apartments in the secondary market of the real estate in Kiev has decreased by 9,17 %. Thus, the cheapest was a Darnitsky area, and the most expensive - Pechersky. Thus, growth of  1,6 % and decrease of 10 % - is a big difference.

 Analysts SV Development notice that the resulted figures reflect a situation in the market of secondary real estate, while the primary market of the real estate is practically in “the frozen” condition, and transactions here practically are not noticed. At the same time, about one month ago, experts have noted increase of consumer activity when Ukrainians and visitors of the Ukrainian capital have started to buy up one-room apartments in houses of “Khruschev’s” construction.

 However as a whole, experts assure, that the Ukrainian real estate is still in a condition of recession. According to experts, situation improvements should be expected not earlier the beginning 2010.

 

 

How to get a work permit in Ukraine (list of GIRFO docs)

May 19th, 2009



List of documents required to get a work permit from GIRFO – Ukraine State Department on the Cases of Citizenship, Immigration and Registration of Physical Entities


From the applicant

1. Copy of the first pages of passport with notarized translation;

2. Certificate of absence of criminal record in Ukraine;

3. Medical document confirming negative test on AIDS and tuberculosis;

4. Apartment purchase agreement or apartment lease agreement registered with housing

Agency (ZHEK, etc.);

4. In case of apartment lease – a certificate (“Form # 3”) and a consent (certified by the housing agency, such as ZHEK) of all adult family members (cohabitants) that they do not object foreigner’s temporary registration in the apartment;

5. Copy of the insurance policy (certificate) covering the emergency medical treatment;

6. 6 black and white photos sized 3*4 cm;

7. Receipt for payment of the state duty and GIRFO services;

8. 4 envelopes and plastic folder;

9. Ukrainian State Tax Service Certificate of payment of all taxes.

From the company, which invites applicant to work

1. Notarized copy of work authorization letter;

2. Copy of the applicant’s tax ID number (you need to undergo a special procedure of obtaining a valid Ukrainian tax ID number);

3. Copy of the Certificate on the registration of company, which invites applicant to work;

4. Notarized copy of the Statistics committee Certificate of the company, which invites applicant to work;

5. Certificate from the bank certifying that the bank account of the company, which invites applicant to work, is active;

6. Copy of the company’s, which invites applicant to work, registration card with GIRFO in Kyiv.

 

This information is brought to you by UAPro, Ukraine Professional Outsourcing Consultants. We make Ukraine transparent for you! To get more information or address us your specific needs in solving legal, registration, accounting, tax reporting, business valuation, investing or other consulting issues, please contact us by email: uaprocon (@) gmail . com (remove brackets and spaces)

 

Kijów i polacy (Info #1)

May 18th, 2009



Podzia? administracyjny Kijówa

Kijów ma 10 rejonuw:

Centralny rejony - rejon szewczenkiwski i rejon peczerski

 

Zabytki i atrakcje [edytuj]

Muzea

Pomniki


W
1990 r. Sobór M?dro?ci Bo?ej i ?awra Pieczerska zosta?y zapisane na li?cie ?wiatowego dziedzictwa UNESCO.

Ambasada [edytuj]

  • Ambasada Rzeczypospolitej Polskiej w Ukrainie

01034 Kijów ul. Jaros?awiw Wa? 12 tel: (38 044) 230 07 00 [1]

  • Wydzia? Konsularny Ambasady RP w Kijowie

01034 Kijów ul. B. Chmielnickiego 60

  • Wydzia? Ekonomiczno-Handlowy Ambasady RP w Kijowie

01034 Kijów ul. Wolodymyrska 45

 

Kiev accommodation long-term rental price statistics/trends (May 11-18, 2009)

May 18th, 2009


Rental statistics for the following Kiew districts:


 - Pechersky - Shevchenkivsky - Obolonsky - Holosiyvsky - Podilsky - Solomiansky - Sviatoshinsky - Dneprovsky - Desniansky - Darnytsky

.

 

For the period from May 11 through May 18 2009, average rent price has increased in Kiev by 5.24% and now makes $12.25 per square meter.

 

 

The number of apartments for rent has also increased by 12.9%.

All the districts of Kiev show the rent price growth. Since most of the rent prices are now denominated in hryvnas, experts relate this price decline to a recent dollar devaluation (by over .3 UAH).
Highest growth was in Holosiyvsky district (+7.63%), the lowest in - Solomiansky (+1.77%).

The cheapest rent prices are in Desniansky district ($8.31), the most expensive in the downtown ($18.76).

Average monthly rent (for a standard Soviet style apartment located not in downtown):
- 1-room- $428 (+5.68%)
- 2-room $677 (+5.94%)
- 3-room $1160 (+4.50%)

 


Long Term Apartment Rent in Kiev – price dynamics for 11.05 — 18.05.2009

Kiew District

%
by district

1 room.
($ per flat)

2 room.
($ per flat)

3 room.
($ per flat)

All

($ per flat)

  1. Holosiyvsky

  8.60%

518   +10.2%  

765   +6.54%  

1044   +0.87%  

13.39   +7.63%  

  2. Darnytsky

  9.83%

421   +5.51%  

540   +3.25%  

698   +1.30%  

9.12   +3.05%  

  3. Desniansky

  6.99%

297   +1.36%  

442   +9.67%  

496   -0.40%  

8.31   +4.39%  

  4. Dneprovsky

10.10%

362   +4.02%  

468   +4.23%  

837   +9.26%  

10.11   +5.86%  

  5. Obolonsky

  9.27%

433   +9.62%  

580   +3.94%  

969   +7.30%  

11.46   +5.04%  

  6. Pechersky

12.75%

645   +4.20%  

974   +7.03%  

1767   +3.33%  

17.80   +4.15%  

  7. Podilsky

  4.42%

366   +6.08%  

689   +7.99%  

1591   +11.7%  

12.04   +6.17%  

  8. Sviatoshinsky

  8.20%

338   -2.31%  

482   +4.55%  

678   +3.51%  

9.36   +2.52%  

  9. Solomiansky

11.48%

378   +4.71%  

512   +1.79%  

739   -2.37%  

10.30   +1.77%  

10. Shevchenkivsky

18.36%

500   +0.80%  

846   +2.92%  

1628   +9.26%  

14.90   +3.40%  

    Downtown

21.39%

708   +7.27%  

1087   +5.22%  

1774   +2.42%  

18.76   +4.86%  

    Left bank

27.02%

362   +3.42%  

491   +4.46%  

709   +6.61%  

9.32   +4.95%  

    Right bank

51.44%

395   +2.59%  

574   +4.36%  

973   +3.62%  

11.05   +3.27%  

    All districts of Kyiv

100%
(+
12.9%)

428   +5.68%  

677   +5.94%  

1160   +4.50%  

12.25   +5.24%  

 

Distribution (and change) of the number of offers for a week:
1-room - 35.66% (+
9.30%)
2-room - 44.97% (+
13.5%)
3-room - 19.29% (+
18.9%)


This statistics does not include:
- room rent (part of apartment) - 4.54%
- rent of 4-room and more flats - 4.8%
- short-term (nightly) rent - 1.86%

.

This article is brought to you by kievapartments.ca, your trusted guide in the world of residential and commercial property. We are always ready to help you in finding the best and reasonably-priced options for short-term and long term accommodation in Kiev, Ukraine. To search our extensive database of short term accommodation options utilizing our powerful search engine filtering the flats based on multiple criteria  including Rent Price, Proximity to Kiev Downtown, Number of Rooms, District in Kiev, Flat Condition, Kiev Neighborhood, Kiev Street,  Kiev Subway Station, Apartment features, Community and Neighborhood Features, Number of sleeping places, etc. please click here.  To browse the complete listing visit View All Short Term Apartments.

You may contact us

By Phone
(206) 202-5605

(888) 797-7718

By Email info@kievapartments.ca
By Fax (206) 202-5605

By Mail

Kiev Apartments
420 HWY 7 East, #82057
Richmond Hill, ON, L4B 3K2
Canada

We look forward to hearing from you!

 

 

Real estate market in Ukraine is to start showing some signs of revival

May 18th, 2009


Is this true? After the collapse on the real estate market of the end of the 2008 – beginning 2009, it looks like the number of transactions is again on the raise

 


 

This was reported by the President of Real Estate Specialists of Ukraine, Andrey Shulga. According to him the number of real estate transactions has started to grow, which is a clear sign that the Ukrainian real estate market has finally hit the bottom. This was especially virtually for  the secondary market of residential property related as economy class dwelling.

The expert has noted that while from December 2008 through February 2009, the market was really flooded with a huge offer of cheap apartments, now the number of such affordable objects has decreased. It is also apparent that prices for many flats available for sale finally started to grow. Indeed after a sharp 50%-100% drop, growth by a couple per cent is not so obvious, however this is a sign that marks the new trend: sharp decline, stabilization and slow growth.   
And this growth concerns all segments of real estate. Isn’t it a good time to think about investing at bottom of the price drop?

This trend may also concern residential and commercial property for rent in Kiev. In some cases, the rent prices have dropped since August 2008 more than 150%-200%. Some office space at A class business centers such as Leonardo and others in the downtown of Kiev, were available for $30-$40 per square meter in March 2009, while just 9 months ago, the price of such a property was over $100. Now, the process of rent price decline has also seemingly stopped. Will they start to grow again? Absolutely! The question is only when: soon or even sooner…

This article is brought to you by kievapartments.ca, your trusted guide in the world of residential and commercial property. We are always ready to help you in finding the best and reasonably-priced options for short-term and long term accommodation in Kiev, Ukraine. To search our extensive database of short term accommodation options utilizing our powerful search engine filtering the flats based on multiple criteria  including Rent Price, Proximity to Kiev Downtown, Number of Rooms, District in Kiev, Flat Condition, Kiev Neighborhood, Kiev Street,  Kiev Subway Station, Apartment features, Community and Neighborhood Features, Number of sleeping places, etc. please click here.  To browse the complete listing or availabe 1, 2, 3, 4-room apartments and homes in Kiev and recreational area around Kiev, visit View All Short Term Apartments.

You may contact us

By Phone
(206) 202-5605

(888) 797-7718

By Email info@kievapartments.ca
By Fax (206) 202-5605

By Mail

Kiev Apartments
420 HWY 7 East, #82057
Richmond Hill, ON, L4B 3K2
Canada

We look forward to hearing from you!

 

 

 

 

Kiev authorities are to increase rates for cold and hot water and heating

May 17th, 2009

As of June 1 the rates for the general public 1) for cold water supplies will increase twfold, 2) the rates for hot water supplies will grow by 85%, and 3) the rates for heating will alsmost grow by 50% (to be exact 48.8%). Thsi decision is ruled by the Kyiv City State Administration.

The rates for cold water supplies and sewerage in houses and flats equipped with utility meters will be UAH 3.02 per cubic meter (UAH 1.48 at present), and in houses and flat not equipped with utility meters - UAH 16.61 per person (UAH 8.14 at present). This represents a 104% rise in rates for cold water supplies.

The rates for hot water supplies and sewerage in houses and flats equipped with utility meters will be set at UAH 13.69 per cubic meter (UAH 7.38 at present), which is an 85.5% rise; and in houses and flats not equipped with utility meters to UAH 47.92 per person (UAH 25.89 at present), which is an 85.1% rise.

Heating rates for people in houses and flats not equipped with utility meters will grow to UAH 2.38 per square meter of heated area (now UAH 1.60), which is 48.8% growth.

But while the utilities prices grow, the rent prices for Kiev short-term and long-term accomodation are still very affrodable and with a reliable and friendly service provided by experienced and professional kievapartments.ca staff, you are sure to find the best offer for your accomodation needs in Kiev, either on business or on pleasure.  To explore what we have to offer, please check our extensive listing of the best and affordably-priced apartments using this elaborate and flexible search functionality that helps you to filer accomodation offers by such criteria as Kiev Rent Price, Proximity to Downtown Kiev, Number of Rooms, District, Flat Condition, Neighbourhood, Street,  Subway Station, Apartment features, Community Features, Number of sleeping places, etc. Our Apartmetn Search Function can be accessed here

 

Kiev is a safe and clean place but a little caution won’t hurt

May 17th, 2009

City officials: Don’t drink kvas

 

As KyivPost informs Kyiv’s mayor city administratom (current Kiev mayor Chernovetsky) recently warned all the residents and the guests of the capital about some danger of drinking kvas distributed by street vendors.  Kvas sold out of barrels in the streets prove to be not so safe after serioes of tests and inspection of eight such barrels in Holosiyivsky district of Kyiv conductingby sanitary inspection of Kyiv .

 

Kvas is a traditional fermented drink made out of bread of grain. The mayor’s press service said none of the barrels had permission of local authorities for trade, health inspection permits and other documents required by law.

The inspections were conducted because of the resident’s complaints about the quality of the drink sold in Kyiv, and ill effects for their health after its consumption.

 So staying and playing in Kiev is a big fun but some caution won’t ever hurt.

 

Ukraine financial crisis and western travelers, investors and entrepreneurs

May 17th, 2009


According to National Radio Company of Ukraine citing Prime Minister Yulia Timoshenko - financial crisis had somewhat lower impact on the country’s overall situation than it was expected. What are the consequences of this? Read more…

 

13-05-2009 16:07 According to International Financial Institutions: Financial crisis in Ukraine is less destructive than expected
Ukrainian Prime Minister Yulia Tymoshenko has said referring to assessments made by international experts that the financial crisis in Ukraine is less destructive than predicted.

“The international financial and economic community has made a conclusion that the crisis in Ukraine, Poland, and some Baltic countries is less destructive than expected. Thus, Ukraine is tackling all of the challenges more successfully than expected,” she said at a government meeting on Wednesday. Yulia Timoshenko (Tymoshenko) said that certain directions of the work on tackling the crisis would be strengthened.

 

So does it mean that crisis indeed had just a slight impact on the economy? Yes and no. This is true that that the expected collapse of the whole economic system did not happen. Banking and financial services sector has survived. The industrial output decreased significantly, but at the same time balance of payment reversed the negative dynamics of the last year and now promises for better result as of the end of 2009. Of course, the real GPD is expected to shrink, the same as the real income of the population. But what is true is that CPI growth rate has also slowed down.

 

What all this means to the US, Canadian, or European visitor or potential investor? First of all, it makes travel to Kiev (Kyiv) and other regions of Ukraine, including all the cities authorized to host Euro Soccer Cup 2012 (Kharkiv, Lviv and Donetsk – remember Odessa and Dnepropetrovsk were rejected) very, very cheap and attractive. Just compare prices for hotel and short-term apartment accommodation in the capital of Ukraine Kiev (Kyiv) and other cities with those of the last year? Don’t forget to take into account huge devaluation of hryvnya (UAH) to US dollar and all other currencies (CAD, EUR, even Russian ruble). According to many financial analysts Ukrainian national currency (UAH) is one of the most depreciated and under-evaluated currencies. By Big Mac index it should be around 3 UAH per USD, while now it is close to 8. Well, the process of reevaluating of hryvnia already started, but still any traveler to Ukraine enjoys enormous buying power having her dollars, euros, or pounds. At a fraction of the cost, you can buy the best Italian fashion design producst, travel from Lviv (Lvov) to Donetsk, stay at the best resorts of Crimea at the mild and tender Black Sea, dine at the finest restaurants of Podil, Hreshatyk, and even enjoy the excellent quality Ukrainian horylka (Ukrainin vodka) such as Nemiroff or other world brands at the price of couple cans of Coke. Isnt’ this incredible?   

 


Second it opens great opportunities to investors. Now, real estate, commercial property and land are priced from 50% to 30% of what it cost last year (summer 2008). Since, we all expect the world economic crisis to calm down after all, then the next big rally is short ahead. And buying the invaluable assets that Ukraine offer at incredibly low price, isn’t this an attractive opportunity for a smart investor?

 

Well, good luck with your travel and business in Ukraine!