Finance

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...

Tuesday, March 11

Finland initiates quicker access to a €50B Ukraine Fund.

Finland initiates quicker access to a €50B Ukraine Fund. Finnish Prime Minister Petteri Orpo stated that the most effective strategy for achieving peace now is to support Ukraine’s Armed Forces. “Ukraine currently has the strongest army in Europ...

Monday, March 10

EU countries will provide Ukraine with an additional €15B.

EU countries will provide Ukraine with an additional €15B. Several EU countries have pledged to provide Ukraine with additional financial assistance of €15B, European Council President Antonio Costa said after an EU summit in Brussels. The decision is part of...

Ukrainian individuals and businesses have boosted their investments in government bonds by 33%.

Ukrainian individuals and businesses have boosted their investments in government bonds by 33%. According to the Ministry of Finance, as of March 1 over ₴1.84T in government bonds were in circulation, while the investment volume by legal entities and individuals for the year climbed by 33% to ₴2...

Friday, March 7

MEPs urge the king of Belgium to facilitate the transfer of €250B in Russian assets to aid Ukraine.

MEPs urge the king of Belgium to facilitate the transfer of €250B in Russian assets to aid Ukraine. Dozens of European MPs have called on King Philippe of Belgium to support the confiscation of over €250B in frozen Russian assets and direct them to Ukraine’s defense and reconstruction. The par...

To curb inflation, the NBU raised its key policy rate to 15.5%.

To curb inflation, the NBU raised its key policy rate to 15.5%. The Board of the National Bank of Ukraine decided to increase the discount rate by one percentage point to 15.5% per annum and adjust the parameters of its interest rate policy framework. These decisi...

International partners continue to allocate billions of euros to support Ukraine across various sectors, from defense to food.

International partners continue to allocate billions of euros to support Ukraine across various sectors, from defense to food. The Dutch government plans to reserve €3.5B to continue supporting Ukraine in 2026, according to Prime Minister Dick Schoof. The funds will provide assistance next year, but they can be utilized this ...

The EC and EIB sign a €2B guarantee to support recovery projects in Ukraine.

The EC and EIB sign a €2B guarantee to support recovery projects in Ukraine. The European Commission and the European Investment Bank (EIB) have signed a guarantee agreement that will allow the EIB to invest at least €2B in urgent recovery and reconstruction projects in Ukrain...

Thursday, March 6

Foreign businesses in Russia have lost over $170B during the war.

Foreign businesses in Russia have lost over $170B during the war. According to KSE, since the beginning of the full-scale Russian invasion of Ukraine the total losses suffered by foreign business operating in Russia have exceeded $170B. The bulk of the losses are as...

JICA intends to finance energy and infrastructure projects in Ukraine instead of USAID.

JICA intends to finance energy and infrastructure projects in Ukraine instead of USAID. The Japan International Cooperation Agency (JICA) will explore the possibility of supporting energy and infrastructure initiatives in Ukraine that were previously funded by USAID, said Hideki Matsunag...

Wednesday, March 5

Major European powers discuss using Russia’s frozen assets as security guarantees for Ukraine more urgently.

Major European powers discuss using Russia’s frozen assets as security guarantees for Ukraine more urgently. According to the FT, the European countries’ peace plan envisages using frozen Russian assets worth more than €200B as security guarantees for Ukraine. France and Germany, which have long opposed conf...

Thursday, February 27

The US State Department is working to release additional funds for Ukraine.

The US State Department is working to release additional funds for Ukraine. Senior officials at the State Department are preparing a list of further exemptions to the foreign aid freeze for Ukraine that could allow it access to some economic and security assistance currently ...

Analysts: The amount of direct US aid to Ukraine is significantly lower than what politicians claim.

Analysts: The amount of direct US aid to Ukraine is significantly lower than what politicians claim. Over three years of full-scale war, the total financial aid that Ukraine has received from the US reaches $50.9B. Of this, $18.3B is military aid, while the remaining $32.6B consists of direct budget ...

How much aid have Ukraine’s allies promised since the start of the year?

How much aid have Ukraine’s allies promised since the start of the year? The EU and 11 other countries have announced military, financial, and humanitarian support packages for Ukraine since the beginning of the year. Here are new packages and previously announced support:...

Ukraine will receive €700M for a long-term demining program.

Ukraine will receive €700M for a long-term demining program. According to the Ministry of Defense, international partners will allocate this amount to Ukraine to purchase equipment for demining operations as part of a long-term program that has been operating s...

Wednesday, February 26

The EU still cannot reach a compromise on the confiscation of frozen Russian assets: Who is against it?

The EU still cannot reach a compromise on the confiscation of frozen Russian assets: Who is against it? Support is still not unanimous among EU states for the confiscation of frozen Russian assets held in the EU and it is unlikely that a decision will be made in March, said EU foreign policy chief Kaja ...

Tuesday, February 25

Ukraine will receive €3.5B from the EU in March.

Ukraine will receive €3.5B from the EU in March. European Commission President Ursula von der Leyen announced in Kyiv that Ukraine will receive a new €3.5B payment from the EU in March. She emphasized that not only is Ukraine’s fate at stake, ...

Monday, February 24

The EU is working on the confiscation of frozen Russian assets held in the EU.

The EU is working on the confiscation of frozen Russian assets held in the EU. The EU is considering the potential confiscation of around $280B in frozen assets belonging to the Russian Central Bank in light of a possible reduction in aid from the US. There is ongoing discussion...

The war has not halted the Ukrainian M&A market, but it is altering its priorities.

The war has not halted the Ukrainian M&A market, but it is altering its priorities. The increase in overall activity among international investors last year in the M&A sector may provide an additional impetus for inward investment in Ukraine. Despite the war and the accompanying ...

Friday, February 21

Trumps statements concerning Ukraine are not justified: How much money has the US actually spent on Ukraine during the three-year war?

Trumps statements concerning Ukraine are not justified: How much money has the US actually spent on Ukraine during the three-year war? Since the start of Russia’s full-scale invasion of Ukraine in February 2022, the US Congress has allocated around $183B to Ukraine, not $350B as President Donald Trump claims, according to data from t...

Lending to small and medium-sized businesses is on the rise in Ukraine.

Lending to small and medium-sized businesses is on the rise in Ukraine. The proportion of hryvnia loans for small and medium-sized enterprises is increasing rapidly, with a 22.1% surge in volume over the past year, said Andriy Pyshny, NBU Chairman. “Throughout the y...

Where in Ukraine did investors put their money in 2024?

Where in Ukraine did investors put their money in 2024? Last year, there were no investment deals in Ukraine worth over $200M, whereas in 2023, the largest M&A deal reached a value of $500M, according to analysts. Foreign investors accounted for 45% of...

Thursday, February 20

Trump stated that it’s unclear how Ukraine spent the $350B in aid it received from the US; Zelenskyy corrects his counterpart’s figure.

Trump stated that it’s unclear how Ukraine spent the $350B in aid it received from the US; Zelenskyy corrects his counterpart’s figure. US President Donald Trump remarked that Washington allocated $350B in assistance to Ukraine, but “nobody knows where this money went.” He added that Ukraine “will have to pay or deal...

McKinsey recorded a recovery in the private equity market last year.

McKinsey recorded a recovery in the private equity market last year. After two years of uncertainty, the private equity (PE) market began to show signs of recovery in 2024. The main drivers were an increase in the number of deals, a rise in investment exits, and a decr...

Demand at primary government bond auctions has dropped to a low point.

Demand at primary government bond auctions has dropped to a low point. On February 18, the Ministry of Finance raised ₴249.42M for the state budget at an auction for domestic government bonds, which is ₴770.58M less than the previous week. These are the results from the ...

Tuesday, February 18

In Ukraine, household loans have become more expensive, even though banks attract funds at lower rates.

In Ukraine, household loans have become more expensive, even though banks attract funds at lower rates. In January 2025, Ukrainian banks raised their rates on household loans, according to operational data from the National Bank. Consequently, average interest rates on new bank loans to consumers in the...

Friday, February 14

Last year, Ukraine’s insurance market shrank by 36%: the NBU sums up the sector’s annual results.

Last year, Ukraine’s insurance market shrank by 36%: the NBU sums up the sector’s annual results. According to the National Bank, Ukrainian insurance companies specializing in non-life insurance increased collected premiums by 12% in 2024 and in the life insurance segment by 14%. Growth is occurri...

Thursday, February 13

Winning the Economic and Financial War in Ukraine.

Winning the Economic and Financial War in Ukraine. In advance of expected talks upon Trump’s presidency in early 2025, “land for peace” has become the catchphrase uttered by those who want a quick end to the war. Central among the innumerable c...

Wednesday, February 12

Ukraine can fund its defense in the war if adequate Russian sanctions are in place.

Ukraine can fund its defense in the war if adequate Russian sanctions are in place. As former US Deputy Secretary of State James Glassman noted, the US and the EU “did not pressure” Russia on the issue of sanctions because they overlooked the fact that Ukraine can replace...

The EU will follow the US’s lead and will review billions of euros in foreign aid allocation.

The EU will follow the US’s lead and will review billions of euros in foreign aid allocation. According to Bloomberg, the EU will review its foreign aid, shifting several billion euros to better align the bloc’s funding allocation “with its foreign policy interests in difficult int...

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