Finance

Wednesday, July 30

The Ministry of Finance has not held new negotiations with creditors following Ukraine’s default on state GDP warrants.

The Ministry of Finance has not held new negotiations with creditors following Ukraine’s default on state GDP warrants. These warrants, with a nominal value of $2.6B, have not prompted additional rounds of negotiations with their owners. Currently, the ministry is limited to “continuous dialogue” with the c...

Despite the need for additional financing, businesses do not see enough credit opportunities.

Despite the need for additional financing, businesses do not see enough credit opportunities. A study by the EBA showed that the demand for financing among micro, small, and medium-sized enterprises remains high: 59% are seeking long-term loans, and 40% are seeking short-term options. At the s...

Tuesday, July 29

Ukraine bonds surge as Trump pressures Russia for a quick truce.

Ukraine bonds surge as Trump pressures Russia for a quick truce. Ukrainian bonds demonstrated their largest gain in a month right directly following US President Donald Trump’s increased pressure on Russian dictator Vladimir Putin to quickly end the war in Uk...

The NBU has a contingency plan for a potential external financing shortfall in 2026-2027.

The NBU has a contingency plan for a potential external financing shortfall in 2026-2027. According to Deputy Chairman Serhiy Nikolaychuk, if international assistance proves insufficient, the National Bank, together with the Ministry of Finance, is preparing to implement alternative mechan...

Monday, July 28

The EU might reduce Ukraine’s aid by €1.45B over missed reform deadlines.

The EU might reduce Ukraine’s aid by €1.45B over missed reform deadlines. According to European Commission spokesman Guillaume Mercier, the fourth installment of financial aid to Ukraine in 2025 under the Ukraine Facility mechanism, which Ukraine requested in June, will be ...

Friday, July 25

The National Bank of Ukraine has kept its key rate at 15.5% for the third consecutive meeting,

The National Bank of Ukraine has kept its key rate at 15.5% for the third consecutive meeting, as announced on its website. The central bank explained that there’s no room to lower interest rates after bad weather caused damage to crops, while increased Russian air attacks continue to hurt bus...

The NBU is developing new solutions for currency liberalization.

The NBU is developing new solutions for currency liberalization. The central bank will work on reforms aimed at expanding incentives for businesses to attract capital to Ukraine, NBU Chairman Andriy Pyshnyy said. He explained that the logic behind currency liberali...

The NBU believes that inflation has already peaked for this year and has started to decline.

The NBU believes that inflation has already peaked for this year and has started to decline. According to Andriy Pyshnyy, the head of the National Bank of Ukraine, inflation reached its peak as expected in May and began to decrease in June, amounting to 14.3% year-on-year. At the same time, i...

Thursday, July 24

Ukrainian banks are planning to ease lending conditions for households and businesses.

Ukrainian banks are planning to ease lending conditions for households and businesses. According to the NBU, Ukrainian banks have eased lending standards for households for the fifth consecutive quarter and for businesses for the first time since the third quarter of 2024. In the second...

Wednesday, July 23

Banks forecast a rise in capital inflows from consumers and businesses.

Banks forecast a rise in capital inflows from consumers and businesses. According to a survey of banking market players by the NBU, banks increased their customer acquisition and wholesale funding in the second quarter. The rise in the average cost of funding in the secon...

Tuesday, July 22

A German bank has financed the modernization of a mining and processing plant in Kryvyi Rih.

A German bank has financed the modernization of a mining and processing plant in Kryvyi Rih. Metinvest Group received a €23.6M credit line from Deutsche Bank for 11.5 years to upgrade the Northern Mining and Processing Plant, including purchasing equipment from Finnish industrial manufacturer...

The co-founder of Kyivstar’s parent company looks to sell shares of the Ukrainian mobile operator.

The co-founder of Kyivstar’s parent company looks to sell shares of the Ukrainian mobile operator. VEON, which owns Kyivstar and plans to indirectly list the company on the US NASDAQ stock exchange this year, initially wanted to also offer shares within Ukraine. However, regulatory obstacles are hi...

Euroclear’s income from frozen Russian assets dropped by 21% in the first half of 2025.

Euroclear’s income from frozen Russian assets dropped by 21% in the first half of 2025. The Euroclear financial group, which includes the depository of the same name and Euroclear Bank, earned €2.7B from Russian assets frozen due to EU sanctions during this period. This is 21% less than ...

Ukraine’s State Agency for Energy Efficiency and two national banks are launching a program to lower loan costs for energy projects.

Ukraine’s State Agency for Energy Efficiency and two national banks are launching a program to lower loan costs for energy projects. The State Agency for Energy Efficiency, along with Ukrgasbank and Sense Bank, are starting a new initiative to reduce the cost of loans for the implementation of energy-efficient solutions, modernizin...

Monday, July 21

The World Bank will provide Ukraine with a $116M grant to restore heat supply in war-affected communities.

The World Bank will provide Ukraine with a $116M grant to restore heat supply in war-affected communities. Additionally, it will offer another $116M to strengthen the energy resilience of areas impacted by Russian attacks. The funds will be used to repair heat systems in cities where critical infrastructur...

Friday, July 18

Piraeus Bank is a key player in managing pension assets.

Piraeus Bank is a key player in managing pension assets. Piraeus Bank holds leading positions among providers of custodial services, professional custody of assets with clear mechanisms for control, reporting, and transparency for leaders in the non-state p...

The EU is seeking partners to share in Ukraine’s financial support over the next two years.

The EU is seeking partners to share in Ukraine’s financial support over the next two years. Before the new seven-year EU budget for 2028-2034 is adopted, the EU will not be able to fully cover Ukraine’s financial needs on its own, so it is negotiating with partners on how to split aid ...

Thursday, July 17

Ukrainians have accumulated a record amount of funds in banks.

Ukrainians have accumulated a record amount of funds in banks. According to the latest data from the NBU, the total amount of funds deposited by individuals in bank accounts in hryvnia and foreign currency increased by 2.5% in June, reaching a record high of near...

Ukrainian banks finalize more than 10 deals valued at nearly €1.5B in Rome.

Ukrainian banks finalize more than 10 deals valued at nearly €1.5B in Rome. During URC2025 held on July 10-11 in Rome, Ukrainian banks completed a record number of transactions with foreign partners, totaling almost €1.5B. Leading participants in conference activity include P...

Tuesday, July 15

The EIB will provide €16M to Piraeus Bank in order to finance small and medium-sized enterprises in Ukraine.

The EIB will provide €16M to Piraeus Bank in order to finance small and medium-sized enterprises in Ukraine. The European Investment Bank (EIB) will provide a partial portfolio guarantee of €16M to Piraeus Bank (Kyiv) under the EU4Business II program to expand financing for micro, small, and medium-sized ent...

Monday, July 14

Ukrainian banks will receive millions from European partners to support businesses in Ukraine.

Ukrainian banks will receive millions from European partners to support businesses in Ukraine. The EIB will provide state-owned Ukrgazbank with €120M in loans and a portfolio guarantee to support Ukrainian businesses and municipalities. This will help attract additional financing for SMEs worth...

Friday, July 11

Hungary opposes the €100B EU fund for Ukraine, and Poland threatens to close the main Ukrainian aid logistics hub.

Hungary opposes the €100B EU fund for Ukraine, and Poland threatens to close the main Ukrainian aid logistics hub. Hungary has rejected the EU’s proposal to establish a €100B fund to support Ukraine, arguing that backing such an initiative would amount to “financing war.” This statement was made ...

Thursday, July 10

The EU’s €100B Fund: Europe prepares a new mechanism to support Ukraine.

The EU’s €100B Fund: Europe prepares a new mechanism to support Ukraine. The European Union is considering establishing a new €100B fund that would provide long-term support to Ukraine amid its prolonged conflict with Russia. The proposal will be discussed as part of devel...

The Ministry of Finance raised approximately ₴240B from government bond sales in six months.

The Ministry of Finance raised approximately ₴240B from government bond sales in six months. In June 2025, Ukraine issued ₴37.1B ($880M) in bonds with the main purpose of these funds being security and defense. As of July 1, over ₴1.84T worth of government bonds were in circulation. The large...

Wednesday, July 9

The EU is urgently seeking $19B for Ukraine next year, with three options under consideration.

The EU is urgently seeking $19B for Ukraine next year, with three options under consideration. The European Commission is exploring ways to cover Ukraine’s 2026 budget deficit, which could reach $19B, due to reduced US support and declining hopes for a ceasefire with Russia. The European Commis...

Europe must act now to seize Russian assets to aid Ukraine.

Europe must act now to seize Russian assets to aid Ukraine. Using frozen Russian assets to strengthen Ukraine’s economy and defense is a legitimate and necessary step, but Europe needs to act immediately to seize them, says French Hill, the chairman of the U.S...

Tuesday, July 8

The EBRD will launch several key Ukrainian support projects at the Ukraine Recovery Conference in Rome.

The EBRD will launch several key Ukrainian support projects at the Ukraine Recovery Conference in Rome. The EBRD announced a large-scale package of projects to be launched at the Recovery Conference in Rome on July 10-11. The bank will reveal the creation of the Ukraine FIRST fund, which will manage a u...

Processing enterprises will be able to receive grants to restore facilities damaged by Russian attacks.

Processing enterprises will be able to receive grants to restore facilities damaged by Russian attacks. The Cabinet of Ministers approved a new procedure for implementing the Grants for Processing Enterprises program, introducing a new direction. Now, processing enterprises affected by Russian aggressio...

A state bank finances the construction of a solar power plant and an energy storage facility in Western Ukraine.

A state bank finances the construction of a solar power plant and an energy storage facility in Western Ukraine. State bank Oschadbank signed a €10.8M investment loan agreement with the Elios Luchki company, from the Helios Strategia group, to fund the construction of a solar power plant with an installed capaci...

Friday, July 4

A German-funded preferential mortgage loan program for internally displaced persons in Ukraine has issued more than 1,000 loans.

A German-funded preferential mortgage loan program for internally displaced persons in Ukraine has issued more than 1,000 loans. Throughout the two phases of the Housing for Internally Displaced Persons program, a total of 1,053 loans has been provided. The German government contributed €42.5M in funding and has untilized it co...

Wednesday, July 2

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present?

The Agreement That Will Create a New Country: What Economic Prospects Does Ukraine’s Mineral Agreement with the United States Present? In early May 2025, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko signed a historic agreement with the United States of America that established a reconstruction investment fund ...

Ukraine receives a new $500M IMF tranche and requests more time for reforms.

Ukraine receives a new $500M IMF tranche and requests more time for reforms. The IMF Executive Board approved an additional tranche to Ukraine under the Extended Fund Facility (EFF). As a result, Ukraine has already received the ninth tranche of approximately $500M under the p...

Monday, June 30

The EBRD and IFC will support Ukrainian banks in commercial lending.

The EBRD and IFC will support Ukrainian banks in commercial lending. The EBRD might offer state-owned Ukreximbank a guarantee of up to €50M to cover as much as 50% of the credit risk on a portfolio of new loans to small and medium-sized enterprises (SMEs) valued at up ...

The EC will provide €11B for Ukraine this year through a G7 loan secured by Russian assets.

The EC will provide €11B for Ukraine this year through a G7 loan secured by Russian assets. The European Commission will continue providing military, political, and economic support to Ukraine, said European Commission President Ursula von der Leyen. “Militarily, we recently allocated ...

Friday, June 27

Ukraine’s public debt increased by $1B in a month. The government is preparing to restructure a Chinese loan.

Ukraine’s public debt increased by $1B in a month. The government is preparing to restructure a Chinese loan. In May, Ukraine’s total public and state-guaranteed debt increased by $1B to $180.97B, reported the Ministry of Finance. Most of the debt is external, totaling $134.48B, which makes up 74.3% of ...

Ukraine is planning changes to its preferential lending program for the defense industry: What are the plans?

Ukraine is planning changes to its preferential lending program for the defense industry: What are the plans? The Ministry of Strategic Industry is working on expanding the preferential lending program for manufacturers of weapons and military equipment, launched in November 2024. By June 2025, the program ha...

Monday, June 23

The EU is preparing a plan to generate more profit from frozen Russian assets in support of Ukraine.

The EU is preparing a plan to generate more profit from frozen Russian assets in support of Ukraine. The European Union is considering transferring frozen Russian state assets (almost €200B) from Euroclear in Belgium to a “specialized organization” under the auspices of the EU. The main a...

Business lending in Ukraine is poised for growth due to new tools.

Business lending in Ukraine is poised for growth due to new tools. “This year has seen the emergence of new work areas. For instance, consortium lending enables funding for large-scale infrastructure projects. Banks, both private and state-owned, are collaborat...

Disregarding the war, ASVIO Investment Holding will acquire the Kraina insurance company.

Disregarding the war, ASVIO Investment Holding will acquire the Kraina insurance company. The ASVIO Investment Holding compay, which owns Asvio Bank, announced the acquisition of the Kraina insurance company. The deal occurs during the full-scale war, amid high competition in the insurance...

Thursday, June 19

The NBU predicts a 20-25% increase in lending this year, with banks utilizing ₴1T in resources.

The NBU predicts a 20-25% increase in lending this year, with banks utilizing ₴1T in resources. As reported by Kateryna Rozhkova, Deputy Head of the National Bank, it is expected that bank loan portfolios will grow by approximately 20-25% this year, which would balance investments in government ...

Wednesday, June 18

In the second half of the year, bank lending rates may return to last year’s levels of 17-18% per annum.

In the second half of the year, bank lending rates may return to last year’s levels of 17-18% per annum. Under favorable economic conditions, rates on auto loans, loans for small and medium-sized businesses, and mortgages may align with the 2024 level: They are expected to decrease by an average of one p...

Ukraine has already received nearly $18B in loans and grants from its international partners.

Ukraine has already received nearly $18B in loans and grants from its international partners. In the first five months of 2025, Ukraine received close to $18B in foreign aid through concessional loans and grants, according to an NBU report. By the end of the year, this amount could rise to $55...

Tuesday, June 17

The NBU will resume reductions in the key policy rate in the second half of the year.

The NBU will resume reductions in the key policy rate in the second half of the year. Members of the Monetary Policy Committee of the National Bank are considering the possibility of easing the interest rate policy in the second half of 2025. However, given the balance of risks, they a...

Ukrainian banks have earned almost ₴255B during the 3.5 years of war.

Ukrainian banks have earned almost ₴255B during the 3.5 years of war. According to the NBU, in the first quarter of 2025 the banking sector reported ₴40B ($955M) in profit, with state-owned banks, including PrivatBank, generating 65.7% of this amount. Last year, banks a...

Some Ukrainian private equity firms have delivered better returns than anticipated.

Some Ukrainian private equity firms have delivered better returns than anticipated. In 2024, UMGI’s portfolio companies demonstrated significant growth, generating $262.21M in gross revenue, nearly 1.5 times higher than the previous year. That year, the private equity firm focu...

Monday, June 16

Ukraine risks losing out on billions in aid from the EU, and the IMF will decide on a new tranche in the coming weeks.

Ukraine risks losing out on billions in aid from the EU, and the IMF will decide on a new tranche in the coming weeks. Ukraine may not receive up to €1.5B in aid from the EU due to its failure to achieve reforms envisaged in the Ukraine Facility program, say CES experts. The government has not fulfilled three structur...

Ukrainians boosted their investments in hryvnia deposits and amassed a record amount of savings in May.

Ukrainians boosted their investments in hryvnia deposits and amassed a record amount of savings in May. The funds placed by individuals in bank accounts in both hryvnia and foreign currency increased by 0.8% in May to reach a record ₴1.266T. According to the NBU, since the beginning of the year the volu...

Thursday, June 12

Ukraine and the EBRD are working together on nine energy projects.

Ukraine and the EBRD are working together on nine energy projects. Ukraine’s Minister of Finance, Serhiy Marchenko, and Mark Bowman, VP of the EBRD, have agreed to continue these initiatives, which are aimed at strengthening Ukraine’s energy security. Dur...

Wednesday, June 11

What business support programs are available to Ukrainian entrepreneurs in June?

What business support programs are available to Ukrainian entrepreneurs in June? These three new opportunities have emerged for Ukrainian entrepreneurs, from grants for clusters and cooperatives to initiatives that promote the employment of veterans: Grants for clusters and agricu...

Which countries and organizations have been Ukraine’s largest financial donors during the war?

Which countries and organizations have been Ukraine’s largest financial donors during the war? The EU, the US, the IMF and Japan have been the main donors to Ukraine’s state budget during the full-scale war. Also, a significant portion of the funds came under the ERA mechanism through the...

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