By the end of the year, Ukraine expects to receive another $12 to 16B from the West. Since the beginning of the war, foreign partners have already provided Ukraine with $14B. The Finance Ministry expects to receive another $12 to 16B by the end of the year, said Finance Minister Serhi...
Ukrainian merchants are obliged to introduce cashless payments by 2026. From January 1, 2023, all merchants working in cities with a population of more than 25,000 people must provide a cashless payment method for selling goods and services. Exceptions for trade enterpris...
The Export Credit Agency has supported UAH 188M in exports. The Export Credit Agency (ECA) insured exporters’ credit contracts totaling UAH 188M ($5.1M), the Ministry of Economy reported. The program’s bank partners approved 18 applications, which provide for ... #ExportCreditAgency #supportofUkrainianexporters #Ukrainianexportersloan
A $5B IMF loan will help Ukraine to attract new financial aid. A $5B loan from the International Monetary Fund will help convince foreign creditors that Ukraine’s macroeconomic situation is under control, said the adviser to the President of Ukraine, Oleg U... #FinancialAidUkraine #IMFaid #IMFloanforUkraine
The financial stability of businesses has slightly improved. The number of companies that claim that their monetary reserves are sufficient for a period of more than a year has increased from 19% to 30% since May, the EBA reported. Currently, 30% of companies c... #businessinukraine #financialstabilityofbusinesses #UkraineBusinessDuringWar
Ukraine will receive more than $1.55B in aid from allied countries. A group of 26 nations have pledged more than $1.55B (€1.5B) in assistance to Ukraine, Danish Defense Minister Morten Bødskov said after hosting ministers from allied countries in Copenhagen for a conf... #financialaidforUkraine #long_termsupportforUkraine
Ukrenergo and Ukravtodor Eurobond holders agreed to defer payments. Owners of Eurobond from the state highway agency of Ukraine (Ukravtodor) and Ukrenergo have decided to delay interest payments and postpone the maturity date for two years, announced the London Stock ... #Eurobonddeferpayments #UkravtodorEurobond #UkrenergoEurobond
Ukraine’s bond holders agreed to defer payment until 2024. Ukraine won approval for a debt-payment freeze from the holders of its international bonds, gaining relief for a budget devastated by Russia’s invasion. Investors representing around 75% of $19.6B wo... #Ukraine’sbondholders #Ukrainianbonddeferpayment
The Ministry of Finance has attracted almost UAH 3.5B from the placement of military bonds. The government has managed to increase the funds raised from the placement of securities to UAH 3.45B following an increase in their interest rates. The placements of military bonds were as follows: U... #militarybondsinterestrate #Ukrainemilitarybonds #Ukrainiansecurities
The Ukrainian stock market resumes trading after an almost six-month hiatus. The index of the Ukrainian Stock Exchange, which has not been traded since February 24, changed for the first time since the war began. By the market’s close, the index had decreased by only 0.64% to... #UkrainianStockExchangeindex #Ukrainianstockmarkettrading
Holders of Ukraine’s GDP warrants approve the restructuring proposal. Holders of 91% of the notional value of GDP warrants in circulation have approved Ukraine’s proposal to postpone payments and revise their terms. It is noted that holders of approximately 93% of... #Eurobondpaymentspostpone #GDPwarrantsrestructuring #Ukraine'sGDPwarrants
The US will allocate $4.5B in additional financing for Ukraine. The World Bank Group today announced $4.5B in additional financing mobilized for Ukraine under the Public Expenditures for Administrative Capacity Endurance in Ukraine (PEACE), reported the World Ban... #TheWorldBank #USaidforUkraine #USfinancionaidforUkraine
Germany promises to release €8B in aid from the EU. Germany will help Ukraine to quickly receive the next €8B in macro-financial assistance from the EU and will take the lead in this process, said German Finance Minister Christian Lindner. The Prime Mi... #EUfinancialAid #FinancialSupportforUkraine #macro_financialsupport
Ukraine has submitted an official proposal for a new special program to the IMF. This was stated by the Prime Minister of Ukraine, Denys Shmyhal, during an online conversation with the Minister of Finance of Germany, Christian Lindner. According to the prime minister, the letter w... #ChristianLindner #DenysShmyhal #IMFprogramforUkraine
The EU will allocate €8B to Ukraine by September. The European Union will agree on a new financial assistance package for Ukraine by September. It will amount to about €8B, writes Daily Maverick. Sources in the German government note that part of the... #EUaidforUkraine #financialassistanceForUkraine
President Zelenskyy’s office claims that Germany and other countries have blocked €8B of macro-finance. The statement was made by the president’s adviser, Ihor Zhovkva, at a briefing on Tuesday. He added that regarding the €8B, “Unfortunately, certain states of the European Union, in partic... #Macro_FinancialTrancheForUkraine #PresidentZelenskyy’sOffice #TrancheToUkraineBlocked
The Ukrainian Parliament plans to extend the tax amnesty until March 2023. The tax amnesty will be extended in Ukraine until March 1, 2023. The relevant draft law has already been passed by the specialized committee of the Ukrainian Parliament, Minister of Finance Serhii Mar... #SerhiiMarchenko #UkraineTaxAmnesty
Ukraine plans to introduce an additional duty for importers. The Cabinet of Ministers is developing a draft law to impose an additional tax on the purchase of foreign currency by importers. According to Chairman of the Finance Committee Yaroslav Zheleznyak, the... #DutyForImporters #DutyOnImportedGoods #DutyUkraine
Debt service of government bonds exceed borrowings by UAH 30.7B. Since the beginning of the war, the amount of funds paid by the Ukrainian government for repayment of domestic debt instruments exceeds UAH 30.7B, which is the amount of funds attracted to the state b... #GovernmentBondsPayment #NationalBankofUkraine #StateDebtUkraine
Naftogaz will offer creditors new debt restructuring terms. The Cabinet of Ministers approved new conditions for restructuring Naftogaz’s debts to its creditors. The government allowed the state company to carry out transactions with Kondor Finance for a... #DebtRestructuringNaftogaz #KondorFinance #NaftogazDebt
July state budget revenue exceeded plan by UAH 20B. The general fund of the state budget received UAH 64B in July, which is UAH 24.5B, or 61.9%, more than in July last year, announced the head of the finance committee, Danylo Hetmantsev. In total, in s... #customsbenefitsukraine #Ukrainianbutget #Ukrainianstatebudgetrevenue
Bankers expect an end to the dollar’s growth on the gray market. The rising dollar exchange rate trend on the gray market is triggered by panic and cannot last long, said Ukrainian bankers for the Interfax-Ukraine survey. “The situation in the cash market see... #AnnaZolotko #dollarexchangerateukraine #dollarrateforecasts
New business loans under the 5-7-9 program will be issued at a 20% rate. At a meeting on July 29, the Cabinet of Ministers approved changes to the regulations on targeted lending programs, the government website says. This decision was made because after the NBU increased ... #creditrateukraine #LendingProgramsUkraine
Ukraine will receive an additional $351M from Canada. The Cabinet of Ministers has changed the terms for external state borrowing in 2022 by raising a loan from Canada, the Ministry of Finance reported. In particular, the amount of the preferential loan ... #CanadaAidUkraine #imf #UkraineCanadaCredit
The US has allocated $500M to a special EBRD fund to support Ukraine. The US Treasury Department signed an agreement with the EBRD and will contribute $500M to support Ukraine and other affected countries affected by the war, announced Ukraine’s ambassador Oksana... #EBRDaidforUkraine #OksanaMarkarova #USaidtoUkraine
In June, Ukrainians increased bank deposits by $23B. As of July 1, individual consumer deposits (including individual entrepreneurs) in banks participating in the Deposit Guarantee Fund amounted to UAH 869.5B ($23B) for the month of June. This is UAH 30... #BankDepositsinUkraine #DepositGuaranteeFund
Ukraine hopes to receive hundreds of billions of dollars confiscated from the Russian Federation. “The process of finding and blocking Russian assets abroad works quite effectively, but the confiscation process is much more complicated. After all, legal instruments for such withdrawal practically ... #blockingRussianassets #confiscationofRussianassets
Ukraine is discussing a new $20B program with the IMF. By the end of the year, Ukraine hopes to sign a new large-scale program with the International Monetary Fund. Currently, consultations are ongoing with the IMF regarding this program, which could amou... #IMFaidforUkraine #UkraineEconomyStabilization #UkraineIMFProgram
Ukraine asks investors in Ukravtodor and Ukrenergo to postpone payments. Ukraine has requested the holders of Ukravtodor and Ukrenergo securities to defer bond payments. The Cabinet of Ministers approved the relevant documents, announced Prime Minister Denys Shmyhal. The o... #UkravtodorPaymentsDeferment #UkravtodorUkrenergoBonds #UkrenergoPostponePayments
Payments on foreign debts by Ukraine have been postponed until the end of 2023. The Government of Ukraine has enlisted creditors’ support in delaying payments on external obligations until the end of 2023 with the possibility of extending this period for another year, annou... #debtpayments #DenysShmyhal #foreigndebtsUkraine
More than 424 Ukrainian entrepreneurs will receive state grants. About UAH 98.2M will be transferred to their accounts, the press service of the Ministry of Economy reported. It is noted that entrepreneurs can spend the funds on purchasing or leasing equipment, ren... #stategrants #stategrantsforbusiness #UkraineEconomyMinistry
Banks predict a drop in loan demand among Ukrainians. Next year, banks expect a reduction in the household credit portfolio, a deterioration in the quality of loans, and a decrease in the amount of funding,according to the results of an NBU survey. Most ... #corporateandretaillending #demandforсredit #nbu
Ukraine will receive a €7.4M loan for small and medium-sized businesses. Ukraine will receive €7.4M from the Credit Institution for Reconstruction (KfW) for preferential lending to small and medium-sized enterprises, reported the Ministry of Finance. The Government of Ukra... #CreditInstitutionforReconstruction #loanforbusinesses #Ukrainecredit
Ukravtodor is considering postponing payments on Eurobonds. The State Highway Agency of Ukraine, Ukravtodor, informed investors that it is considering the possibility of delaying payments on Eurobonds worth $700M. The securities were issued at 6.25% per annum... #paymentsonEurobonds #UkravtodorEurobonds
Megabank is being liquidated in Ukraine. The National Bank has decided to revoke the banking license and liquidate Megabank, the NBU press service reported. The National Bank classified Megabank as insolvent on June 2, 2022. The reason was s... #DepositGuaranteeFund #Megabank #MegabankLiquidated
The State Export Control Service extended the validity of the registration and permit documents in the field of state export control for the wartime period. This is reported by the press service of the Ministry of Economy reported. These are certificates of registration for enterprises to operate as subjects of the international transfers of goods. As wel... #stateexportcontrol #UkraineEconomyMinistry
Finland will deliver confiscated Bitcoin worth almost €47M to Ukraine. Finnish customs have sold 1,889.1 confiscated Bitcoins worth €46.5M, which will be transferred to support Ukraine, Yle reports. Customs officers seized the crypotcurrency, which was connected to crime... #AnnikaSaarikko #ConfiscatedBitcoin #Yle
The NBU will keep the interest rate at 25% for the next two years. Ukraine’s central bank devalued the hryvnia and said it might keep interest rates at 25% for another two years to protect its dwindling foreign-currency reserves as Russia’s invasion ravages the econ... #hryvniadevaluation #HryvniaRate2022
The NBU predicts a 2022 drop in GDP by a third and an increase in inflation to more than 30%. The national bank estimates that the economy will decline by 40% in the first half of this year and at the end of the year down by a third, the National Bank of Ukraine reported. At the same time, ana... #economyofukraine #Inflation2022 #NBUforecast
The NBU predicts an 8.6% reduction in international reserves by the end of the year. The National Bank of Ukraine predicts a decrease in international reserves in the second half of 2022 by 8.6% – from $22.8B to $20.8B, according to the regulator’s forecast released at a b... #internationalReserves #TheNationalBankofUkraine #Ukraineinternationalreserves
Postponing payments on Eurobonds will save Ukraine $5B. By deferring debt service payments on Eurobonds and warrants over the next two years, Ukraine will save $5B. This money will be directed to urgent needs: social protection and financial support for mi... #Bondssale #paymentsonEurobonds #SergiyMarchenko
Ukrenergo and Ukravtodor will also ask creditors to postpone payments on Eurobonds. Ukraine expects a similar proposal from the state-owned electricity transmission system operator Ukrenergo and the State Highway Agency of Ukraine regarding their Eurobonds, issued under state guarant... #eurobonds #paymentsonEurobonds #UkravtodorBonds #UkrEnergoBonds
Ukraine will ask for a two-year postponement of Eurobond payments. The Cabinet of Ministers instructed the Ministry of Finance to start negotiations with the holders of Ukraine’s Eurobonds regarding delayed payments. Ukraine will ask bondholders to extend the term of... #BondPayments #nbu #ukrainedebt #UkraineDebtPayment
International creditors have agreed to postpone Ukraine’s payments on Eurobonds. The group of creditor countries is ready for the suspension of the servicing of Ukraine’s national debt from August 1 until the end of 2023 and calls on the holders of its Eurobonds to do so. Th... #ukrainedebt #UkraineDebtPayment #ukraineEurobonds
The licenses of financial institutions with Russian employees will be suspended. The National Securities and Stock Market Commission (NSSMC) has supplemented the grounds for suspending a license to operate in the capital and organized commodity markets during martial law. Institut... #BanRussianBusiness #BusinessLicense #UkraineBusiness
The sale of military bonds attracted UAH 2.9B to the budget. The auction for the sale of military bonds on July 19 brought UAH 2.9B ($80M) to the budget, announced the Ministry of Finance. The Ministry increased the interest rates on military bonds with a term ... #Bonds #militarybonds #ukrainebonds
The credit portfolio of enterprises has increased by almost UAH 30B since the beginning of the war. The credit portfolio of enterprises in hryvnia increased by 5.7% from February 23 to July 1, 2022 – from UAH 519.9B to UAH 549.4B. This was reported by the head of the parliamentary committee on... #CreditPortfolio #DanyloHetmantsev #UkraneBanking
Government payments on domestic government bonds have exceeded borrowing. Since the beginning of the war, the volume of funds paid by the Government of Ukraine for repayment of its domestic debt exceeds the volume of funds attracted to the state budget by UAH 21.9B, reporte... #nbu #UkraineBondMarket #ukrainebonds #UkraineDomesticBonds
Ukraine calls on the EU to introduce sanctions against the 30 largest banks of the Russian Federation. The Yermak-McFaul International Working Group called on the EU to introduce sanctions against all state-owned Russian banks from among the 30 largest, including Gazprombank. Discussion of the seventh ... #RussianBanks #SanctionsAgainstBanks #SanctionsforRussianBanks
In May, Ukrainian banks earned UAH 6.1B. The main share of profit, 78% or UAH 4.8B, was earned by the state-owned Privatbank, reported opendatabot. Ukrgasbank also made a small profit of UAH 400M. On the other hand, other state-owned banks c... #BankingUkraine #OTPbank #PrivatBank #UkraineBanks #Ukrsibbank
