Concorde Capital forecast for Ukraine’s GDP growth is 6% this year and no more than 3% in the future. The Ukrainian economy will grow by about 6% in 2023, and in the future, economic growth will not exceed 3% per year, predicts the CEO of investment company Concorde Capital, Ihor Mazepa. “We wer... #ConcordeCapital #GDPinUkraine #IhorMazepa #UkraineEconomicForecast #UkraineEconomy
Ukraine will receive almost ₴10B in additional aid from partners. According to Prime Minister Denys Shmyhal, Norway will provide $190M, and $70M will be allocated by Switzerland for aid to Ukraine. These grants will be provided through funds administered by the Worl... #DenysShmyhal #financialaidforUkraine #GrantsforUkraine #SupportUkraine #worldbank
Winetime, a Ukrainian food market chain, issues debut bonds worth ₴400M. The National Securities and Stock Market Commission has registered the debut issue of interest-bearing unsecured A series bonds by the Winetime gastromarket chain, controlled by Asnova Holding. In tot... #BondSalesUkraine #BondsUkraine #retailUkraine #Winetime
The government predicts that in 2024, UZ will endure more than ₴12B in losses. This is stated in the Ukrainian Railways (UZ) financial plan for next year, which has been approved by the Cabinet of Ministers. As well, it is forecast that net income will reach ₴98.6B and total inc... #UkrainianRailways #UZFinanciallosses #YevhenLyashchenko
Ukraine launches a Ship Insurance Fund. The $50M fund, created on November 14 together with the British government and a pool of insurance companies, may become operational as early as this week, said Minister of Economy Yuliya Svyridenko. ... #InsuranceUkraine #MilitaryRiskInsurance #UkrainianShipInsurance #YuliyaSvyridenko
The UK will help Ukraine make insurance for ships in the Black Sea more affordable. Ukraine and the UK have agreed on a special mechanism for the insurance of military risks during exports through the Black Sea corridor, Prime Minister of Ukraine Denys Shmyhal said. As he clarified, ... #BlackSeaCorridor #DenysShmyhal #MilitaryRiskInsurance #UkrainianShipInsurance #ВідвантаженнятоварівУкраїна
The EBRD is increasing its capital by €4B for the third time to invest in Ukraine. The Board of Directors of the EBRD recommended to the Bank’s managers to approve a capital increase of €4B to ensure investments in Ukraine, the bank reported. This is the first step to increase... #ebrd #EBRDinvestments #InvestmentsinUkraine
The EC has significantly improved its forecast for Ukraine’s 2023 GDP from 0.6% to 4.8%. At the same time, the forecast for 2024 was reduced from 4% to 3.7%; in 2025 GDP growth is expected to be 6.1%. “Despite serious problems caused by Russia’s aggressive war, Ukraine’s... #GDPinUkraine #InflationinUkraine #UkraineBudget2024 #UkraineEconomy #UkraineGDPforecast
The DFC and MIGA accelerate investment insurance in Ukraine. The American Development Finance Corporation (DFC) will send a special representative to Ukraine to hasten the acquisition of insurance by investors. He will advise both Ukrainian and international bu... #DFC #InsuranceUkraine #InvestmentsinUkraine #MIGA #MilitaryRiskInsurance #YuliyaSvyridenko
The war destroyed foreign currency lending in Ukraine. The Russian full-scale invasion has practically destroyed the demand for foreign currency loans, contributing to the reorientation to lending in the national currency, which is a good indicator for th... #BankLoans #CreditPortfolio #financeUkraine #nbu
This year, the tax on bank’s excess profits may be increased to 50%. The Ministry of Finance will initiate changes to the draft law that was passed in the first reading regarding the taxation of excess bank profits for additional revenues for the state budget next year... #financeUkraine #nbu #TaxesUkraine #UkraineBanksProfits #UkrainianBanks
The government will pay the NBU more than ₴120B for printing the hryvnia last year. According to the National Bank’s calculations, in 2023 the total amount it will receive from the Ministry of Finance for government bonds (OVDP) in its portfolio will amount to ₴120.75B, analysts writ... #BondUkraine #financeUkraine #HryvniaEmission #nbu #OVDPselling
The EU is looking for ways to finance the Ukrainian budget deficit next year, and Ukraine is expecting to receive more than $30B in funding. The EC is considering all possible options to finance and support Ukraine but hopes that the EU Council will approve the Ukrainian Fund, which will provide funds to Kyiv from 2024 to 2027, said Execut... #BudgetDeficit #DenysShmyhal #UkraineBudget #ValdisDombrovskis
IMF loans have turned out to be the most expensive for Ukraine. As of October 2023, the average cost of servicing all loans granted to Ukraine by external official creditors is about 2.1% per annum, said former NBU executive Bohdan Danylyshyn. According to him, IM... #BohdanDanylyshyn #imf #IMFloans #LoansForUkraine #nbu
The US has almost no funds left to help Ukraine. About 96% of the security, economic, and humanitarian aid that the US has allocated to Ukraine (more than $60B) has already been used, said strategic communications coordinator of the US National Secu... #JohnKirby #UkraineCounteroffensive #USaidforUkraine #USsupportsUkraine #WarinUkraine
The EU has found a way to bypass Hungary’s veto of €50B for Ukraine. EU countries are considering an alternative plan to provide Ukraine with much-needed help in its fight against Russia if Hungary vetoes the current €50B funding proposal. According to Bloomberg, the p... #HungaryVeto #UkraineFacility #VictorOrban
The Ukrainian Treasury lost ₴45M in the first month after introducing a flexible exchange rate. The State Treasury’s hryvnia revenues from the sale of foreign currency following the abolition of the fixed dollar exchange rate were ₴45.18M less than they could have been if the exchange rate had r... #CurrencySale #dollarexchangerate #financeUkraine #UkraineBudget
The US Congress approves the transfer of the Russian Federation’s frozen assets to Ukraine. According to Republican congressman Michael McCall, who introduced the relevant document for consideration, this bill requires the Biden administration to hand the aggressor’s frozen sovereign assets ... #MichaelMcCall #ReparationsForUkraine #RussianAssets #RussianAssetsConfiscation #UkraineRecovery
The IBRD and the World Bank provide Ukraine with $1.25B to restore agriculture. Ukraine and the IBRD have signed a grant and loan agreement for $550M within the World Bank’s Emergency Project of Provision of Inclusive Support for the Restoration of Ukraine’s Agriculture (AR... #agroUkraine #AidForFarmers #GrantsForFarmers #IBRD #worldbank
Ukraine lost almost $49B in 2016-2022 due to insufficient attention to the crypto industry. Legalization of the crypto industry in Ukraine without additional incentives could generate an amount that is 4.9% of GDP. Since 2016, Ukraine has lost $48.8B in direct income to its population and co... #CryptoCurrencyUkraine #CryptoIndustryUkraine #financeUkraine
The White House is asking Congress to approve nearly $12B in Ukrainian budget aid. US Treasury Secretary Janet Yellen, Defense Secretary Lloyd Austin, Secretary of State Antony Blinken, and Director of the US Agency for International Development Samantha Power urged Congress to appr... #JanetYellen #UkraineBudget #UkraineBudgetDeficit #USfinancionaidforUkraine #USsupportsUkraine
The NBU is studying the use of central banks’ retail digital currencies. The National Bank of Ukraine is exploring the possibility of using retail digital currencies from central banks, or CBDCs, for cross-border operations, the NBU said. As the central bank explained, who... #CBDC #digitalcurrency #DigitalCurrencyUkraine #E_hryvnia #nbu
Hryvnia deposit profits will change in Ukraine. In November, Ukrainians can expect a drop in interest rates on hryvnia deposits. Interest will be 14-14.5% on average, but the return on deposits may rise to 6-7%, the experts say. This month, the mai... #BankDepositsinUkraine #financeUkraine #HryvniaDeposits #nbu
Ukraine’s international reserves decreased for the third month in a row. In October, they fell by 1.9% to $38.97B, NBU data shows. The bank explains that the dynamics last month were caused by the NBU’s interventions and the country’s debt payments in foreign c... #CurrencyMarket #financeUkraine #NationalBankReserves #nbu #UkraineInternationalReservs
Ukrainians increased their cash savings by $8B. Foreign currency remains the preferred form of savings for Ukrainians. Since the beginning of 2023, the volume of cash foreign currency belonging to citizens and businesses has increased by $8B, said ... #BohdanDanylyshyn #CashCurrency #CurrencySale #financeUkraine #HryvniaDeposits
The NBU plans to lower the key policy rate to 15% in December. A majority among members of the NBU’s Monetary Policy Committee expect the discount rate to decrease by one percentage point to 15% in December, the NBU reported. Accordingly, adjustments to other NBU... #financeUkraine #KeyPolicyRate #nbu
By the end of the year, Ukraine needs to attract more than $9B in international aid, which will decrease in 2024-2025. The amount of international financial aid that Ukraine has received this year will exceed $45B, but in the next two years it will gradually decrease to $38.5B and $25B, respectively, the NBU predicts.... #financialaidforUkraine #imf #nbu #SupportUkraine #UkraineBudget
Without international financial support, Ukraine will face a $29B budget deficit next year, and the EU will also suffer. The Ukrainian Minister of Finance, Serhiy Marchenko, emphasized the importance of maintaining macroeconomic stability because Ukraine may also face an economic crisis and additional military conflict.... #financialaidforUkraine #SerhiyMarchenko #SupportUkraine #UkraineBudget #UkraineBudgetDeficit #UkraineFacility
The IMF has started reviewing the EFF program with Ukraine. On November 6, the IMF mission began discussing the second review of the extended financing program with Ukrainian authorities, said IMF Resident Representative to Ukraine, Vahram Stepanyan. The NBU c... #AndriiPyshnyi #EFFprogram #imf #IMFprogramforUkraine #nbu #VahramStepanyan
Since the beginning of the year, banks have issued ₴82B in affordable business loans. Last week, 589 entrepreneurs received ₴2.4B in loans under the government program Affordable Loans 5-7-9%. Since the beginning of the year, banks have issued 22,400 business loans for ₴82B. PrivatBank... #5-7-9loanprogram #AffordableLoansUkraine #BankLoans #oschadbank #PrivatBank
Poland is launching an investment fund with investment insurance for Polish and Ukrainian entrepreneurs in Ukraine, said the government commissioner for Polish-Ukrainian development cooperation, Jadwiga Emilewicz, during a meeting in the Kyiv office of the Polish Investment and Trade Agency. She noted that investme... #InsuranceUkraine #InvestmentsinUkraine #JadwigaEmilewicz #KUKE
The UK will help the EBRD with war risk insurance for projects in Ukraine. The UK will participate in developing and implementing a pilot project by the EBRD to provide insurance against war risks in Ukraine. The EBRD project envisages creating a new fund to promote the deve... #ebrd #InsuranceUkraine #MIGA #MilitaryRiskInsurance
MIGA and the DFC are finalizing six Ukrainian projects with war risk insurance. One of the projects is the Dragon Capital Industrial Park, which recently received $9.2M in military risk coverage from MIGA, said Economy Minister Yuliya Svyridenko. MIGA is working on two more proje... #DFC #InsuranceUkraine #MIGA #MilitaryRiskInsurance #UkraineEconomy #YuliyaSvyridenko
The EU will provide €335M in aid and goes to the US to support Ukraine. The Cabinet of Ministers approved the EU Support for Recovery and Reforms financing program. After its signing, Ukraine will receive financing from the European Commission. As the head of the governme... #DenysShmyhal #EUfinancialAid #SupportUkraine #UkraineRecovery
The value of M&A transactions in Ukraine has fallen by 96% due to the war. The M&A sector in 2022 has become a disaster, according to a study by the Kyiv School of Economics (KSE). At the beginning of 2022, 39 such deals were planned. In 33 cases, the buyers were Ukraini... #MergersAcquisitions #ukraineassets #UkraineCompanies
In September, Ukraine attracted $2.8B in grants and preferential financing from its international partners. Grant funds comprised more than 40% of the total volume of financial assistance. Among the donors in October 2023 were the EU with $1.6B (concessional financing) and the US with $1.15B (grant). Funds ... #financialaidforUkraine #GrantsforUkraine #PeaceInUkraine #SupportUkraine #UkraineBudget
The EBRD names the key condition for providing Ukraine with financial support for its recovery by international donors. According to EBRD Director for Eastern Europe Matteo Patrone, state-owned enterprises will be the primary recipients of funding for recovery, so it is essential for Ukraine to complete its corporate g... #ebrd #financialaidforUkraine #MatteoPatrone #OECD #UkraineRecovery
Liquidated Zlatobank is for sale with a starting price of more than ₴10B. The Deposit Guarantee Fund liquidated Zlatobank and will sell its assets at auction on November 15 in the Prozorro.Sales system. The initial price for the bank’s assets is almost ₴10.6B ($290M). The l... #nbu #PrivatizationUkraine #ProzorroAuction #Prozorrosales #Zlatobank
How much debt should Ukraine pay off by 2049? Over the next 25 years, Ukraine must pay off more than ₴7T in external and internal debt (in the equivalent). It is worth noting that the Ministry of Finance’s current plans will most likely be adjust... #UkraineBudget #ukrainedebt #ukraineexternaldebt #UkraineInternalDebt
Another Ukrainian bank, with the support of the German government, is launching a new grant program for businesses. Ukrgasbank and German financial group DSIK have agreed on the joint implementation of the Access to Financing and Support for the Sustainability of MSMEs in Ukraine 2 project. Financing and grant supp... #DSIK #GrantsForBusiness #LoansforBusiness #Ukrgasbank #бізнесвУкраїні
The EU is one step away from using €211B in frozen Russian assets; the aggressor threatens mirror measures. The European Commission will present proposals for the use of revenues from Russia’s sovereign financial assets amounting to €211B that are currently seized in the EU, European Commission Presid... #RussianAssets #RussianAssetsArrested #UkraineReconstruction #UrsulavonderLeyen #VyacheslavVolodin
Slovakia has put forward its conditions for Ukraine to receive €50B from the EU. Slovakia is ready to increase its contribution to the EU budget over the next four years by €400M so that Ukraine receives an aid package of €50B, with certain conditions. Slovak PM Robert Fico said t... #EUbudget #EUfinancialAid #RobertFico #SupportUkraine #UkraineFacility #UkraineRecovery
The NBU has lowered the key policy rate to 16% per annum. The Board of the National Bank has decided to reduce the discount rate from 20% to 16% per annum starting October 27. By doing this the National Bank will make it equal to the rate on overnight certif... #financeUkraine #InterestRate #KeyPolicyRate #nbu
The European Commission’s proposal to increase the common budget by €100B for 2021-2027 was resisted by EU members. According to the FT, half of the total amount, €17B in grants and €33B in loans, is intended for Ukraine. There is almost unanimous agreement within the bloc on this matter, although some countries ha... #EUbudget #EuropeanCommission #financialaidforUkraine #UkraineBudget
The government has presented the first details of the €50B Ukraine Plan from the EU. On October 26, the Ukrainian Parliament reported that most of the money from the plan, €39B, is directed to the Plan of Ukraine. Another €8B is Investment Fund, and €3B is for Technical and Administra... #EUprogramForUkraine #financialaidforUkraine #UkraineFacility
Germany allocates €5.6M in grants to support Ukrainian processing enterprises. The funding takes place within the framework of the grant project, Access to Financing and Maintenance of Sustainability of MSMEs in Ukraine – Phase II. According to the first phase’s results, €... #GermanySupportsUkraine #GrantsForBusiness #ProcessingPlantUkraine #UkrainianEnterprises
The Ministry of Finance has attracted almost ₴23B from the sale of OVDP bonds. On October 24, the Ministry of Finance placed domestic state loan bonds (OVDP) for the total amount of ₴22.91B, significantly reducing the rates for securities denominated in hryvnia. The state receiv... #financeUkraine #KeyPolicyRate #nbu #OVDPselling #UkraineBond
The flow of foreign currency to Ukraine is decreasing, increasing risk for the hryvnia. Over the past few months, currency inflows to Ukraine have significantly decreased, which is explained by two factors: the deficit of foreign trade and the reduction of financial aid from partner coun... #financeUkraine #financialaidforUkraine #foreigncurrency #Hryvnia #UkraineForeignTrade
Where is Ukraine’s revenue coming from this year? The primary sources of funding for Ukraine’s 2023 state budget are Ukraine’s international partners, former members of the National Bank Council Bohdan Danylyshyn said, based on data from the Mi... #BohdanDanylyshyn #financialaidforUkraine #UkraineBond #UkraineBudget
Germany wants to obtain permanent financial support for Ukraine from the EU. Federal Chancellor Olaf Scholz promised to work on ensuring that by the end of the year, the EU adopts concrete decisions to ensure stable support for Ukraine in the coming years, referring to the Dec... #DenysShmyhal #EUfinancialAid #EUsupportforUkraine #financialaidforUkraine #OlafScholz
