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... #LoansforBusiness #SmallBusinessUkraine #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 #eurobonds #SerhiyMarchenko
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... #nbu #UkraineBond #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 #UkraineBanking
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 #RussianBanksSanctions #SanctionsAgainstBanks
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
Ukraine Eurobonds rise by almost 15% after an IMF statement. After collapsing to a historic low, Ukrainian Eurobonds rose in price by an average of 14.5% at the end of last week, reported Bloomberg. It is noted that the increase in prices was facilitated by a s... #EuroBondsUkraine #ukrainebonds
The NBU has reduced the sale of currency from reserves. From July 11 to 15, the net currency sale by the National Bank of Ukraine amounted to $580.7M. Volumes of weekly intervention by the NBU have not been at levels so low since the beginning of May. In t... #CurrencyMarket #CurrencySale #nbu #UkraineBanking
Economic activity has begun recovering in Ukraine. In Ukraine, economic activity is gradually recovering after a significant drop at the beginning of the full-scale invasion by the Russian Federation, said Deputy Chairman of the National Bank Serhii N... #UkraineBusinessActivity #UkraineEconomicActivity #UkraineEconomy
The net operating profit of Ukrainian banks increased by 30% in 5 months. According to the results from the first five months of the current year, the net operating profit of Ukrainian banks increased by more than 30% year over year, said the Deputy Chairman of the NBU, Yar... #bankingduringwar #BankingUkraine #UkraineBanks
PrivatBank’s profits for the first half of the year decreased by almost 50%. In January-June 2022, PrivatBank earned UAH 6.3B in profit, compared to UAH 11.6B for the same period last year, as reported by the bank. It is noted that during the war, the amount of uncollected in... #PrivatBank #privatbankearnings #PrivatBankUkraine
Ukraine needs $9B every month to cover the budget deficit. According to President Zelenskyy’s adviser, Ukraine needs $9B monthly to cover the budget deficit, which is almost twice as much as previously requested. Earlier, the Ministry of Finance stated... #BudgetDeficit #UkraineBudget #UkraineBudgetDeficit
Ukrainian tech company Preply raises $50M. The Ukrainian EdTech company Preply has raised a $50M Series C round, increasing its total investment amount since inception to $100M. The investment round was led by Owl Ventures The platform plans t... #PrePly #PreplyrasingMoney #PreplyUkraine
Foreign funds cover only half of Ukraine’s budget deficit. According to the Ukraine Ministry of Finance, funds from the international community in March-June covered only half of Ukraine’s budget needs of $22B. Out of the $22B needed to cover the budge... #BudgetDeficit #UkraineBudget2022 #UkraineBudgetDuringWar
The EU has approved an additional €1B in macro-financial assistance for Ukraine. The EU Council announced a decision to allocate an additional €1B of emergency macro-financial assistance to Ukraine, which will be directed to the country’s priority needs and restore critical... #EUaid #EUassistanceforUkraine #WarinUkraine
The Ministry of Finance has raised the rates of dollar military bonds to 4-4.5%. The Ministry of Finance of Ukraine, at the primary auctions on Tuesday, refused to increase the yield of military bonds in hryvnia, as a result, the volume of their sale remained at a low level, with... #Bonds #militarybonds #ukrainebonds #Ukrainemilitarybonds
Naftogaz has asked Eurobond holders to postpone their payments. Naftogaz of Ukraine, through the issuer of its Eurobonds, Kondor Finance plc, appealed to the holders of these securities for almost $1.5B with a proposal to postpone its coupon payments for two year... #Naftogaz #NaftogazBonds #NaftogazEuroBonds
The USA has encountered problems in organizing supervision over the spending of funds. A member of the US Congress, Victoria Spartz, reported on the issues that the US has faced in trying to help Ukraine during the war, noting that some of them relate to the supervision of allocated fu... #USmoneyforUkraine #USmoneySupervision #VictoriaSpartz
The Netherlands will provide heavy weapons and additional financial aid to Ukraine. The Netherlands will provide Ukraine with heavy weapons, armored vehicles, and self-propelled howitzers said Dutch Prime Minister Mark Rutte during his visit to Kyiv. He added that “We must support U... #MarkRutte #Netherlands #NetherlandsAid #NetherlandsweaponforUkraine
Alfa-Bank Ukraine changes its name to Sense Bank. The National Securities and Stock Market Commission has been informed that Alfa-Bank Ukraine is changing its name to Sense Bank. Two months ago, after sanctions on the Russian shareholders of Alfa-Ba... #AlfaBank #SenseBank #SimeonDyankov
Ukrainian Railways makes a coupon payment for Eurobonds. On July 11, the Ukrainian State Railway company (UZ) made the second and the last Eurobond coupon payment of $36M this year, announced the company’s CEO Oleksandr Kamyshin. According to the S&P r... #Ukrzaliznytsia #UZ #UZeurobonds
Ukraine will join the Council of Europe Development Bank. The Development Bank of the Council of Europe (CEB) gave Ukraine the green light to join and allocated funds to support Ukrainian refugees in Europe. The Council of Europe Development Bank has decide... #CEBandUkraine #CEBinvitesUkraine #CEBmembership
Ukraine needs to maintain capital investment at 35% of GDP for at least five years. The Ukraine Ministry of Economy believes that for Ukrainian Economy to enjoy a large increase, Ukraine needs to maintain capital investments at 35% of GDP for at least five years consecutively, said M... #UkraineCapitalInvestments #UkraineGDPduringWar #UkraineRecovery #YuliyaSvyridenko
The EU is developing a legal basis for the confiscation of Russian assets. The European Union is developing legislation allowing the seizure of sanctioned Russian assets and using them for the post-war reconstruction of Ukraine, said Ursula von der Leyen. She added that the ... #EUconfiscatesAssets #RussianAssets #UrsulavonderLeyen
After the Switzerland conference, Ukraine expects to receive $1.9B in aid. During the conference in Lugano, Switzerland, agreements were reached on financial support for Ukraine in the amount of $1.9B, announced Prime Minister Denys Shmyhal. Of this amount, $600M is provide... #AidforUkraine #DenysShmyhal #LuganoConference
Ukraine needs immediate funding of up to $65B. Ukraine has indicated it needs up to $65B this year to meet its funding requirements, billions more than its allies have so far been able to pledge, reported Bloomberg. This amount includes macro-fina... #financialaidforUkraine #FundingUkraine #Ukrainewar
Ukraine has asked the EU to allow displaced businesses to pay taxes in Ukraine. Minister of Social Policy Maryna Lazebna proposed to the members of the European Parliament to allow Ukrainians and Ukrainian companies to relocate to the EU and keep paying taxes in Ukraine. The Ukr... #MarynaLazebna #TaxforUkrainians #TaxForUkrainiansinEU
The first stage of EU aid will come to Ukraine in the summer. The first stage of macro-financial assistance from the EU within the framework of the new program for Ukraine will be provided immediately after ratification by the European Parliament and national pa... #EUaid #EUaidforUkraine #ValdisDombrovskis
Ukraine wants its own bank for reconstruction and development. Ukraine is considering the possibility of creating a dedicated bank for its economic rebuilding and development through one of the state banks, as reported to UNIAN by the head of the Tax Committee, D... #DanyloHetmantsev #ReconstructionAndDevelopmentBank #ReconstructionBank #UkraineBanking
Ukrainian Eurobonds have continued to fall in price for the last six weeks. Last Friday, Ukrainian Eurobonds rose by an average of 1.7%, but overall, they lost 8.1% in value for the week. According to Bloomberg, among the dollar-denominated Eurobonds, the shortest papers mat... #eurobonds #ukrainebonds #UkraineBondValue
Ukraine is considering its options to restructure debt. Ukrainian officials are exploring the possibility of debt restructuring as the war-ravaged country’s funding options are at risk of depletion, according to three people familiar with the discussions,... #imf #IMFandUkraine #ukrainedebt #UkraineRestructuringDebt
Ukraine plans to attract about $26.7B in assistance from international partners. Ukraine plans to attract about $26.7B in aid from its international partners by the end of the year, announced the Minister of Finance, Serhiy Marchenko. “What we have today is about $8.7B. We e... #AidforUkraine #financialaidforUkraine #SerhiyMarchenko
Ukraine covers only 62% of the state budget expenditures. “We cover only about 62% of the state budget, and this does not take into account military expenditures. In addition to that, May’s inflation reached 18%,” said the Minister of Finance, Se... #SerhiyMarchenko #UkraineBudgetDeficit #UkraineStateBudget
The NBU has printed another UAH 35B for the government. The National Bank of Ukraine (NBU) bought domestic government bonds from the Ministry of Finance for UAH 35B ($1.1B), reported the state bank. The economy is gradually adapting to the war, and state ... #Bonds #nbu #NBUprintingMoney
The Ministry of Finance denies an additional import duty of 10%. Chairman of the Committee on Finance, Tax and Customs Policy Danylo Hetmantsev struck down the possibility of introducing an additional 10% import duty on non-critical imports, while the elimination o... #DanyloHetmantsev #Export #Import #ImportDuty #UkraineImportDuty
The government has resumed the taxation of imports and cars cleared through customs. The Ukrainian parliament re-established the customs duties for individuals when importing vehicles as well as the VAT on imported goods. The resumption of VAT payment on imports came into force for f... #Export #Import #TaxesinUkraine #UkraineTaxation
State budget revenue show a 11% surplus in the first quarter. In the first quarter of 2022, Ukraine’s state budget revenue needs were exceeded by 11% due to the early payment of dividends. However, moving forward, the solvency of the country’s budge... #StateBUdgetRevenue #UkraineBudget2022 #UkraineStateBudget #ValeryPatskan
The state budget receives 30% of customs and 70% of tax revenues. Today, the state budget receives 30% of customs and 70% of pre-war tax revenues, said Finance Minister Serhiy Marchenko for EBA. He noted that Ukraine’s state budget is currently adjusted to mar... #UkraineBudget2022 #UkraineBudgetRevenue #UkraineStateBudget
