Finance

Friday, May 16

The EBRD will facilitate €60M in loans to Ukrainian businesses to enhance energy production, storage, and efficiency.

The EBRD will facilitate €60M in loans to Ukrainian businesses to enhance energy production, storage, and efficiency. Through a risk-sharing arrangement, EBRD will back the issuance of new loans by ProCredit Bank to small and medium-sized enterprises in Ukraine. With EBRD’s assistance, the bank anticipates providing ...

NBU currency control complicates international deals and holds back the M&A market.

NBU currency control complicates international deals and holds back the M&A market. Currency controls instituted by the National Bank of Ukraine complicate the conclusion of international M&A deals, experts noted during the Ukrainian PE & VC Summit conference in Warsaw. The p...

Thursday, May 15

The IFC is set to invest $3B in Ukraine within the next 18 months.

The IFC is set to invest $3B in Ukraine within the next 18 months. According to regional manager Alfonso Garcia Mora, since the full-scale Russian invasion the IFC, part of the World Bank Group, has ramped up its investment in Ukraine by nearly 300%. To date, $2.2B h...

Wednesday, May 14

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence

The Minerals Deal: A Critical Step in Ukraine’s Path Towards Independence In his infamous 2021 essay, “On the Historical Unity of Russians and Ukrainians”, published just 7 months before the full-scale invasion, President Putin insisted that the “true sovereignty of Ukraine...

Monday, May 12

The NBU has eased currency restrictions to encourage foreign investment.

The NBU has eased currency restrictions to encourage foreign investment. The National Bank has launched a “stimulating currency liberalization” aimed at attracting foreign capital to Ukraine. Its essence is to create a mechanism that will encourage foreign inve...

Tuesday, May 6

The IMF recommends increasing several tax rates to satisfy Ukraine’s 2026 state budget.

The IMF recommends increasing several tax rates to satisfy Ukraine’s 2026 state budget. At the 2025 Spring Meetings in Washington, the IMF provided Ukrainian government officials with various recommendations on addressing the state budget for 2026. It is noted that representatives from U...

Monday, May 5

The EU will confiscate Russia’s frozen assets, but not for Ukraine.

The EU will confiscate Russia’s frozen assets, but not for Ukraine. Euroclear, the international clearing company, plans to withdraw and distribute approximately €3B in frozen Russian funds to compensate Western investors affected by the decisions of the Russian gover...

Friday, May 2

Ukrainian companies’ debt reduction exceeded foreign direct investment by 200%.

Ukrainian companies’ debt reduction exceeded foreign direct investment by 200%. Ukrainian businesses reduced their net debt over 2022-2024 by increasing their liquid funds and deposits and reducing debt to Ukrainian banks by $21B, which is 200% more than foreign investment over t...

Wednesday, April 30

Ukraine’s national energy company has reached an agreement to restructure its $825M green bond debt.

Ukraine’s national energy company has reached an agreement to restructure its $825M green bond debt. NEC Ukrenergo has finalized an agreement to restructure the terms of its debt stemming from state-backed green sustainability-linked development bonds with a rate of 6.875% per annum, maturing in 2028...

Ukraine’s national debt has reached another historic high of nearly $172B.

Ukraine’s national debt has reached another historic high of nearly $172B. According to the Ministry of Finance, Ukraine’s total public (direct and guaranteed) debt increased by 1.56%, or $2.64B, in March, totaling $171.73B compared to the previous month. Direct extern...

What are the possible consequences of reducing Ukraine’s financial assistance?

What are the possible consequences of reducing Ukraine’s financial assistance? If Ukraine’s budget gap increases in the next two years and the situation with external financing does not improve, a large-scale reduction in the NBU’s reserves and a sharp devaluation of...

IFC and Ukrsibbank will boost medium-sized and larger corporations in Ukraine.

IFC and Ukrsibbank will boost medium-sized and larger corporations in Ukraine. The IFC and Ukrsibbank, whose shareholders include BNP Paribas Group and the EBRD, have announced the launch of a new €66M Risk Sharing Facility (RSF) to support medium- and large-sized enterprises in...

Monday, April 28

Warsaw has initiated a preferential lending program to support Polish companies in Ukraine’s reconstruction.

Warsaw has initiated a preferential lending program to support Polish companies in Ukraine’s reconstruction. Poland has introduced a state preferential lending program aimed at assisting Polish businesses in the reconstruction of Ukraine, allocating approximately €58.25M. The maximum loan amount for a single...

Friday, April 25

Ukraine fails to reach an agreement on a $2.6B debt restructuring.

Ukraine fails to reach an agreement on a $2.6B debt restructuring. On April 24, Ukraine announced that it was not able to negotiate an agreement with debt holders regarding the $2.6B connected with GDP warrants. Nevertheless, the Finance Ministry intends to continue ...

Throughout the month, Ukrainians increased their bank accounts by ₴1.7B.

Throughout the month, Ukrainians increased their bank accounts by ₴1.7B. As of April 1 2025, the total amount of consumer deposits, including those from individual entrepreneurs (FOPs), in Ukrainian banks surpassed ₴1.392T, which is ₴1.7B ($40M) more than at the beginning ...

Ukraine’s external financing needs for 2025 are fully met.

Ukraine’s external financing needs for 2025 are fully met. According to Finance Minister Serhiy Marchenko, this year’s macro financial support from Ukraine’s key partners will amount to $16.8B, completely covering its external financing needs for ...

Renewable energy and innovation in the agricultural sector: Who can attract grants for business development?

Renewable energy and innovation in the agricultural sector: Who can attract grants for business development? Both state institutions and private companies are eligible to secure funding for the implementation of projects related to renewable energy sources. Priority is being given to solar and wind energy pr...

Thursday, April 24

Ukraine has initiated negotiations to restructure payments on its GDP warrants.

Ukraine has initiated negotiations to restructure payments on its GDP warrants. A group of warrant holders has signed non-disclosure agreements and commenced limited negotiations with the Ukrainian side last week. In-person meetings are anticipated this week in Washington as part...

Friday, April 18

The National Bank of Ukraine keeps the discount rate unchanged at 15.5%.

The National Bank of Ukraine keeps the discount rate unchanged at 15.5%. The Board of the NBU has decided to hold the discount rate steady at 15.5% to sustain the foreign exchange market’s stability, control inflation expectations, and gradually reduce inflation to t...

In March, Ukraine’s tax revenues surpassed their target by $1B.

In March, Ukraine’s tax revenues surpassed their target by $1B. According to Finance Minister Serhiy Marchenko, this figure was made possible by a better-than-expected electricity supply during the winter, which enabled businesses to operate more consistently and ...

Austria will support using Russian assets to assist Ukraine if a joint decision is reached.

Austria will support using Russian assets to assist Ukraine if a joint decision is reached. Austria’s new Finance Minister, Markus Marterbauer, backs the idea of utilizing the Russian Central Bank’s frozen assets to aid Ukraine. “If there is a joint decision, Austria will p...

Thursday, April 17

Ukrainians are seeking reliable liquid savings instruments, which is driving the popularity of bank deposits.

Ukrainians are seeking reliable liquid savings instruments, which is driving the popularity of bank deposits. Head of Retail Products and Digital Banking at Piraeus Bank, Oleksandr Ovcharuk, explained to UBN that the war has altered Ukrainian’s financial habits, leading to greater demand for dependable ...

Wednesday, April 16

Investors have lost hope for a quick resolution to the war in Ukraine.

Investors have lost hope for a quick resolution to the war in Ukraine. Last week, Ukrainian eurobond prices dropped below the levels they were at before last year’s US presidential election, erasing all of the gains made from the anticipation of a swift end to the ...

Another bank in Ukraine has received an EBRD guarantee to support €100M in energy investment.

Another bank in Ukraine has received an EBRD guarantee to support €100M in energy investment. The European Bank for Reconstruction and Development (EBRD) continues its backing of Ukraine’s energy security by providing Raiffeisen Bank Ukraine with an unfunded portfolio risk-sharing guarantee, f...

Monday, April 14

Ukrainians are investing in bank deposits and dollar-denominated government bonds.

Ukrainians are investing in bank deposits and dollar-denominated government bonds. According to the first quarter’s results, the volume of hryvnia funds in individuals’ accounts increased by 0.6%. The NBU reports that this positive trend has continued for the seventh con...

European banks are providing Ukraine with funding to support housing for internally displaced persons and restore critical infrastructure.

European banks are providing Ukraine with funding to support housing for internally displaced persons and restore critical infrastructure. Consequently, Ukraine will receive €50M from the Council of Europe Development Bank (CEB) to finance a preferential mortgage program for families of internally displaced persons (IDPs). “These f...

Friday, April 11

This year, Ukraine anticipates receiving €18B from Russia’s frozen assets.

This year, Ukraine anticipates receiving €18B from Russia’s frozen assets. Since the start of the year, Ukraine has already received €5B from the EU that was sourced from these assets’ proceeds, and expects to collect another €13B from these profits by the year’s...

Thursday, April 10

Ukraine has received €1B in aid from Russia’s frozen assets, and the EU is sending another €2B.

Ukraine has received €1B in aid from Russia’s frozen assets, and the EU is sending another €2B. As part of the G7 initiative (ERA), the EU has transferred €1B to Ukraine, with the return of funds made possible through income from frozen Russian assets. This marks the third tranche from the EU un...

Tuesday, April 8

The state is working on the repayment of over ₴22B in debt to green energy producers; investors are returning to the market.

The state is working on the repayment of over ₴22B in debt to green energy producers; investors are returning to the market. The state enterprise Guaranteed Buyer is developing a roadmap to settle accumulated debt to green tariff electricity producers and is counting on making 100% of its required payments in 2025, said Dep...

Friday, April 4

Ukraine’s insurance market continues to recover, showing steady growth.

Ukraine’s insurance market continues to recover, showing steady growth. Last year, the Ukrainian insurance market demonstrated an increase in all key indicators: assets, insurance premiums, and payments. Total gross insurance premiums rose by 15%, reaching ₴53.1B, primari...

Thursday, April 3

In Ukraine, this year’s reconstruction funding deficit stands at $10B.

In Ukraine, this year’s reconstruction funding deficit stands at $10B. According to Prime Minister Denys Shmyhal, in 2025, with donor support, the government allocated nearly $7.4B for priority reconstruction. However, the financing deficit for reconstruction needs this ...

Wednesday, April 2

Ukraine will receive funding from the CEB and the EIB to provide housing for Ukrainians and restore infrastructure.

Ukraine will receive funding from the CEB and the EIB to provide housing for Ukrainians and restore infrastructure. The government has approved a loan from the Council of Europe Development Bank under the HOME project for a total of €100M (₴4.8B), Prime Minister Denys Shmyhal announced. “We will utilize these...

Europe has an opportunity to utilize Russian assets in support of Ukraine.

Europe has an opportunity to utilize Russian assets in support of Ukraine. Tom Keatinge, director of the RUSI Center for Finance and Security, pointed out that loans are being provided to Ukraine, secured by the proceeds from frozen Russian assets; however, the funds themsel...

Tuesday, April 1

The EIB has financed 24 projects in Ukraine totaling €4.3B.

The EIB has financed 24 projects in Ukraine totaling €4.3B. The Ministry of Finance and the European Investment Bank (EIB) recently conducted another review of the loan portfolio for joint projects in Ukraine. The parties discussed preparations for initiating ...

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk.

The EBRD has assisted the first Ukrainian companies in insuring themselves against war risk. Ukrainian companies now have access to a new war risk insurance program launched by the EBRD in collaboration with international insurance firms. This was made possible by the Ukraine Recovery and Rec...

Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money.

Ukraine will establish a $10.1B ‘rainy day fund’, using ERA money. Ukraine plans to allocate the external financing received from G7 countries through the ERA mechanism, funded by frozen Russian assets, into three parts. One portion will be designated for financing t...

Monday, March 31

Rebuilding Ukraine: What business opportunities does France offer?

Rebuilding Ukraine: What business opportunities does France offer? Since the start of the full-scale war, France has been actively providing Ukraine with not only military and humanitarian support, but also economic assistance. The French Development Agency (AFD) ope...

The World Bank has approved $432M to restore Ukraine’s transport infrastructure.

The World Bank has approved $432M to restore Ukraine’s transport infrastructure. The World Bank’s Board of Directors has authorized a new $432M support package, Delivering Resilient Infrastructure in Vulnerable Environments in Ukraine (DRIVE), aimed at helping the government enhan...

Poland will start providing preferential loans to companies engaged in Ukraine’s reconstruction beginning in April.

Poland will start providing preferential loans to companies engaged in Ukraine’s reconstruction beginning in April. A mechanism for preferential lending to companies involved in reconstruction projects in Ukraine will launch in Poland in April. The initial lending amount is PLN 250M (€60M). Notably, this will be th...

Friday, March 28

The US and sanctions against Russia: Russian banks may be reconnected to SWIFT.

The US and sanctions against Russia: Russian banks may be reconnected to SWIFT. US Treasury Secretary Scott Bessent stated that the potential reconnection of Russian banks to the SWIFT international banking system will depend on future actions by Russian authorities. Commenting o...

Thursday, March 27

Ukraine will add 30 MW of electricity storage systems, as a Ukrainian bank provides KNESS with a €9.6M loan.

Ukraine will add 30 MW of electricity storage systems, as a Ukrainian bank provides KNESS with a €9.6M loan. Oschadbank has signed an investment loan agreement for nearly six years with international Ukrainian company KNESS in the amount of €9.6M to both finance and refinance the construction and commissioni...

Wednesday, March 26

US senators are urging the Trump administration to utilize frozen Russian assets to exert pressure on Moscow.

US senators are urging the Trump administration to utilize frozen Russian assets to exert pressure on Moscow. In the US, a bipartisan group of senators has called on President Donald Trump’s administration to convince the US’ European allies to confiscate over $300B in frozen Russian assets to ass...

Tuesday, March 25

Mortgage lending in Ukraine increased by 29% at the start of the year, while the average rate decreased to 8.3% per annum.

Mortgage lending in Ukraine increased by 29% at the start of the year, while the average rate decreased to 8.3% per annum. According to the NBU, in January of this year Ukrainian banks issued 475 mortgage loans totaling ₴867M ($21M), a 29% increase compared to December 2024. In January, most loans were issued in the secon...

Monday, March 24

The EU is still contemplating the confiscation of frozen Russian assets.

The EU is still contemplating the confiscation of frozen Russian assets. EU leaders have not dismissed the potential confiscation of these assets. As noted by Radio Free Europe/Radio Liberty, a declaration regarding Ukraine states that “Russian assets should remain f...

Friday, March 21

The EU aims to secure €5B for Ukrainian munitions.

The EU aims to secure €5B for Ukrainian munitions. EU officials are developing a strategy to allocate €5B for ammunition, as an agreement on the €40B Ukrainian military aid package remains pending, EU High Representative for Foreign Affairs and Securi...

Wednesday, March 19

The UK and the EU discuss the confiscation of frozen Russian assets to increase pressure on Putin during potential peace talks.

The UK and the EU discuss the confiscation of frozen Russian assets to increase pressure on Putin during potential peace talks. Ukraine’s allies are intensifying discussions to determine how to seize Russia’s assets in an effort to increase pressure on the Kremlin ahead of possible peace negotiations. Foreign Secre...

Ukrainian financiers anticipate inflation to slow over the next year after reaching 13.4% in February.

Ukrainian financiers anticipate inflation to slow over the next year after reaching 13.4% in February. Consequently, according to the NBU, financial analysts in February 2025 maintained their inflation forecast at 7.8% for the upcoming 12 months. The public’s inflation expectations have improved ...

Monday, March 17

Ukraine needs an economy that grows at an explosive pace to overcome the war’s consequences – Entrepreneur Vyacheslav Mishalov

Ukraine needs an economy that grows at an explosive pace to overcome the war’s consequences – Entrepreneur Vyacheslav Mishalov During preparations for our UBN Network War & Investment live event in Kyiv, we decided to speak about investments with experts. And who is Ukraine’s foremost authority in the investment fie...

Since the onset of the full-scale invasion, Ukrainians have doubled the hryvnia in their bank accounts.

Since the onset of the full-scale invasion, Ukrainians have doubled the hryvnia in their bank accounts. Ukraine’s banking system is boosting its liquidity reserve – the total number of hryvnia in consumer accounts rose by 2.3% in February, according to the NBU. Hryvnia held in business accounts al...

Sunday, March 16

The international order is shifting dramatically under Trump – what does it mean for Ukraine?

The international order is shifting dramatically under Trump – what does it mean for Ukraine? Ukraine Business Network (UBN Network) and Ukraine Business News (UBN) held a live event titled “War & Investments” in Kyiv on March 14. The main topic of discussion was Ukraine’s outl...

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