Ukraine must pay $10B in debt by the end of the year. In the third and fourth quarter of 2022, the government, the National Bank, and Ukrainian enterprises must pay $10.1B, of which $7.8B is the principal debt amount and $2.2B in interest, according to t... #nbu #ukrainedebt
The Ukrainian Tax department has reimbursed exporters UAH 50.3B of paid VAT. Since the beginning of the year, exporters have been reimbursed UAH 50.3B in value-added tax (VAT) out of UAH 51.2B that had been agreed to be refunded. As the Chairman of the Tax Committee of the Par... #DanyloHetmantsev #StateTaxService #Taxdepartment
The US dollar has risen to a 20-year high against other currencies. This took place following a statement from the chairman of the Federal Reserve System, Jerome Powell, from which it became clear that interest rates will remain at high levels for an extended time to ... #dollarexchangerate #dollarindex
More than 20 Ukrainian banks were unprofitable in the second quarter of 2022. Some of the banks that maintained profitability did so as a result of reducing their costs, particularly wages, according to the Review of the Banking Sector for the second quarter. It is noted that t... #UkrainianBanks
The European Union explains the delay of €8B in aid for Ukraine. The delay in providing Ukraine with the second tranche of macro-financial assistance from the EU is due to the internal issues of the European Union, said EU Ambassador to Ukraine Matti Maasikas. Thes... #EUaidforUkraine #MattiMaasikas
Fitch confirms the ratings of Ukrainian state banks. The rating agency Fitch Ratings confirmed the long-term issuer default ratings of seven Ukrainian banks in foreign and national currency at the level of CCC- and CCC, respectively, the agency said. Th... #FitchRatings #UkrainianBanks
40% of a UAH 1T state budget was spent on the army. Since the beginning of the full-scale war, state budget expenditures have amounted to almost UAH 1T ($29B). Of this, more than UAH 420B was spent on defense and security. According to Prime Minister D... #DenysShmyhal #spendingonthearmy #StateBudget
Ukrainians’ spending has returned to pre-war levels. In Ukraine, the number of transactions using Visa bank cards is increasing, and Ukrainians are gradually returning to pre-war spending levels, reported Forbes Ukraine. According to Visa top manager V... #tradeoperations #Ukrainians'spending
More than a third of Ukrainians working in Poland send half of their earnings to Ukraine. Almost 75% of employed Ukrainians in Poland send part of the funds to their relatives in Ukraine, of which more than 35% send more than half of their earnings, the Gremi Personal employment agency rep... #GremiPersonal #ukrainiansinpoland #wageearners
Fitch Ratings no longer sees a threat of Ukrainian default. The international agency Fitch Ratings has raised Ukraine’s long-term rating in foreign currency from RD (limited default) to CC (very high credit risk). The increase in the rating corresponds w... #defaultinukraine #FitchRatings
The Naftogaz debt holders have refused to postpone Eurobond payments for the second time. State oil and gas company Naftogaz has not received consent from creditors for a two-year bond payment postponement for the second time, Reuters writes. On August 17, in the presence of a quorum, le... #Eurobond #Naftogaz
Ukrainians will be able to buy government bonds through the Diya app. In the coming weeks, Ukrainians will be offered a digital product that will allow them to avoid unnecessary complications in buying military bonds through the Diya mobile application. The President&#... #Diya #GovernmentBonds
All Ukrainian banks will join the PROSTIR national payment system. 100% of Ukraine’s terminals will accept cards from the national PROSTIR card payment system, the NBU reported. This will result from UKRSIBBANK joining the PROSTIR system and configuring all it... #nbu #PROSTIR #UkrainianBanks
The money transfer volume to Ukraine has decreased by 6.2%. According to data from the National Bank of Ukraine, money transfers from overseas to Ukraine have decreased by 6.2% and amounted to $6.46B in the first half of the year. At the same time, remittances... #MoneyTransfer #nbu
Ukraine’s budget deficit next year might reach $30B. The Ministry of Finance predicts a 2023 state budget deficit at between $25B and $30B, reported Forbes. As Finance Minister Serhii Marchenko noted , $30B is the amount Ukraine hopes to receive from in... #BudgetDeficit #SerhiyMarchenko
The hryvnia’s purchasing power will drop by at least half. According to the head of the National Bank, Kyrylo Shevchenko, even the current 22.2% consumer inflation per year is a significant reduction, by almost a quarter, of the real disposable income of citi... #hryvniadevaluation #InflationinUkraine #KyryloShevchenko
In the second quarter, banks’ liquidity and operating profitability increased. According to the National Bank, banks’ net assets increased by 3.3% in the second quarter and came close to their pre-war levels. Net hryvnia corporate loans increased by 5.3%, while foreign cu... #nbu #UkrainianBanks
Zelenskyy signs a law on the work of the financial sector during the war. The President of Ukraine, Volodymyr Zelenskyy, signed a law that extends the current financial restructuring until January 1, 2028. The document also clarifies the NBU’s right to buy military bo... #financiallaw #nbu #Zelenskyy
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... #EUaidforUkraine #financialaidforUkraine #SerhiyMarchenko
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... #cashlesspayments
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... #financialaidforUkraine #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 #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... #BondsInterest #UkraineBond #Ukrainemilitarybonds
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... #BondsUkraine #EuroBondsUkraine #GDPinUkraine
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... #USaidforUkraine #USfinancionaidforUkraine #worldbank
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 #financialaidforUkraine
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... #SerhiyMarchenko #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... #DanyloHetmantsev #UkraineBudgetRevenue #UkraineStateBudget
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 ... #RussianAssets #RussianAssetsConfiscation
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 #IMFprogramforUkraine #UkraineEconomyStabilization
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... #GrantsForBusiness #stategrants #ukrainianbusiness
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
