July demand for new cars in Ukraine grew by 10%

In July 2020, the Ukrainians bought and registered 8,400 new passenger cars. Compared to last year, July demand for new cars grew by 10%.

This was reported by the Ukrainian Association of Automobile Manufacturers Ukravtoprom.

"Renault became the most popular brand of the month. In July, 1,440 cars of this French brand received their first registration numbers. Renault has improved last year's result by 20%," the statement says.

Toyota ranked second (+ 10%, to 1,147 units). Skoda ranked third (-33%, 457 cars).

Hyundai (-6%, 457 units) and KIA (-28%, 442 cars) are among top five brands, too.

Renault Sandero became the bestseller of the month (549 registrations).

In total, 45.5k new passenger cars have received their first registration numbers since the beginning of the year, which is 2% less than over the same period in 2019.

Belarusian sector of information technology reached growth limits in existing economic model
16 / 09 / 2020

Among other obvious factors, the protests in Belarus were the result of global changes in the economy. The old model, the tangible industrial one, is more and more moving aside, and it is being replaced by a new, information technology model generally known as postindustrial.

Belarus: a turning point in August – a record drop of the gold and forex reserves and an increase in the cost of ruble resources
11 / 09 / 2020

In 2020, the Belarusian economy experienced several disturbances: a decrease in the Russian crude supplies, the pandemic consequences, and two foreign exchange crises in March and August. As a result, the GDP of Belarus in January-July 2020 amounted to BYN 80.0 billion, or 98.4% in comparable prices compared with the same period in 2019.

Refusal of quarantine and growing credit exposure could not allow Belarusian economy to grow
14 / 05 / 2020

In January-March 2020, Belarus; GDP amounted to 99.7% in comparable prices as against January-March 2019. Although Belarus' GDP gradually began to win back the January fall in February-March of this year, the index is nevertheless decreasing.

Norwegian oil cost Belarus about USD 520 per ton
21 / 04 / 2020
According to the National Statistical Committee, the turnover of foreign trade in goods decreased by USD 1,474.6 million or 14.0% in January-February 2020 compared to January-February 2019 and amounted to USD 9,048.3 million.
Belarusian economic problems appeared before epidemic
13 / 04 / 2020

This conclusion is contained in the review "Economy of Belarus in February-March 2020" prepared by the experts of the research company InComeIn.