The Ukrainian Government will give grants to new businesses through the eRobota program. According to the Prime Minister of Ukraine, Denys Shmyhal, the Ukrainian government is launching the eRobota program, under which the state will provide grants of up to UAH 250,000 ($8,000) to start... #DenysShmyhal #eRobota #GrantsForBusiness #UkraineGrants
Ukraine has raised UAH 7.8B from the sale of military bonds. At an auction on June 21, the Ministry of Finance raised almost UAH 7.8B from the sale of military bonds, and the rates remain unchanged. In total, investors were offered five issues of military bond... #Bonds #eurobonds #militarybonds #ukrainebonds
Ukraine might be given a forbearance for foreign debt payments. The possibility of providing Ukraine with foreign debt payment forbearance is currently being discussed, as announced by the National Bank of Ukraine. Today, the total financial assistance that has b... #Debtforbearance #nbu #ukrainedebt #UkraineNationalDebt
The EU seeks agreement on a €9B loan to Ukraine this week. The European Union intends to agree on the details of the €9B financial assistance package for Ukraine in the coming days, reported Bloomberg. The new macro-financial assistance program will consist o... #EUaidforUkraine #EUcomission #financialaidforUkraine #LoanForUkraine
The Ukrainian Parliament wants to start negotiations to write off the national debt. The Servant of the People political party called on the president and the government to start talks with international partners on writing off public debt. The statement was made by the Servant of th... #NationalDebt #NationalDebtWriteOff #ukrainedebt
Ukraine’s Eurobonds continue losing their value. Ukrainian Eurobonds have been falling in price for almost a month, losing an average of another 7.7% last week. The shortest-maturing securities decreased the least in September this year – by ... #BondMarketUkraine #eurobonds #ukrainebonds
The NBU’s removal of restrictions on the exchange rate has strengthened the hryvnia. The removal of exchange rate restrictions for banks has stabilized the situation in the foreign exchange market and helped strengthen the hryvnia exchange rate, reported the National Bank of Ukraine. ... #exchangerestrictions #foreignexchangemarket #nbu
The National Securities Commission has allowed the initial placement of securities. The National Securities and Stock Market Commission (NSSMC) has authorized the initial public offering of securities, including securities of collective investment institutions. However, there are cu... #NSSMC #placementofsecurities #UkraineSecurities
Ukraine’s military bonds will back a new cryptocurrency. The ICU financial group, together with EVOL.TECH, will issue the UACB cryptocurrency, which is backed by government military bonds. The token will allow investors to invest cryptocurrency in the UACB... #cryptocurrency #EVOL.TECH #ICU #UACB
Naftogaz’s net income for 2021 is UAH 13B, compared to a UAH 19B loss in 2020. The Cabinet of Ministers approved the Naftogaz Ukraine annual report for 2021 and recognized the work of the Naftogaz board in 2021 as satisfactory. The government approved Naftogaz’s yearly rep... #Naftogaz #NaftogazEarnings #NaftogazUkraine #YuriyVitrenko
Ukraine has no problems with the repayment of external debt. Today, the main priority of the Ministry of Finance continues to be ensuring full reinvestment of domestic debt, both in hryvnia and in foreign currency, as stated by Government Commissioner Yuriy Bu... #ExternalDebt #nbu #ukrainedebt #YuriyButsa
The Ministry of Finance left fixed rates on military bonds and raised almost UAH 5.46B. In total, investors were offered five issues of military bonds, one of which is denominated in euros. The biggest demand among hryvnia issues is concentrated on two-month securities, from the sale of... #Bondmarket #ukrainebonds #ukraineEurobonds
Ukraine’s Eurobonds have become less expensive for the third week in a row. Ukrainian Eurobond prices have fallen for the third week in a row, dropping on average by another 4.5% last week. The shortest maturity securities, in September of this year, decreased the least ̵... #BondMarketUkraine #EurobondPrices #ukraineEurobonds
The economy is not yet ready to return to the floating Hryvnia exchange rate. Maintaining exchange rate stability under the current conditions is the key to price and financial stability, said the Monetary Policy Committee of the NBU. Experts say that exchange rate stability r... #bankingduringwar #nbu #UkraineMonetaryPolicy
The NBU has printed more money, this time UAH 70B. The National Bank of Ukraine issued another UAH 70B ($2.35B) through the acquisition of military IGLBs, while the government tied the regulator’s rate to the accounting rate, reported the NBU. The re... #Bondmarket #militarybonds #nbu #ukrainebonds
The EU will allocate €20M to support Ukrainian startups and innovation projects. According to the European Commission, thanks to a targeted amendment to the European Innovation Council (EIC) work program in 2022, a new initiative will support at least 200 Ukrainian high-tech start... #EIC #innovationprojects #Startups #StartupsUkraine #UkraineStartups
ICLUB Global launches an online platform for investing in startups. Private investor club ICLUB Global has launched the ICLUB Online platform, allowing anyone to invest in startups with TA Ventures and other club members. Along with the online platform launch, the cl... #Iclub #IclubUkraine #StartupInvesting #UkraineStartups
The World Bank has downgraded its Ukrainian inflation forecast to 20%. The World Bank has downgraded its inflation forecast in Ukraine to 20% by the end of 2022, whereas the April forecast was 15%, according to the World Bank regional director. “The increase in inflatio... #InflationDuringWar #InflationUkraine #worldbank #WorldBankForecast
The World Bank allocates an additional $1.49B to Ukraine. On Tuesday, the World Bank’s Executive Board decided to provide Ukraine with $1.49B in additional funding to pay public and social workers, increasing the total amount of promised support to mo... #FundingForUkraine #WarinUkraine #worldbank #WorldBankFunding
Ukrainian banks no longer need refinancing from the NBU. The cost of refinancing from the National Bank of Ukraine has increased along with the increase of the key policy rate, which makes such an instrument unattractive for banks, reported Financial Club.... #BankRefinancing #nbu #Refinancing #UkraineBanking
The Ukrainian government wants to boost businesses through a grant program. Prime Minister Denys Shmyhal instructed the relevant ministries to immediately work out proposals for a grant program to support small and medium-sized enterprises. Through the grant support of Ukrai... #DenysShmyhal #GrantsForBusiness #UkraineBusinessDuringWar
The NBU has increased the credit period on export-import operations. The National Bank of Ukraine will increase the credit period on export-import operations from 90 to 120 calendar days, starting June 8. It is noted that the decision to increase the payment deadlines ... #creditperiod #ExportImport #nbu
Ukraine’s international reserves have decreased by 7%. In May, Ukraine’s international reserves fell by 7% – as of June 1 these reserves, according to preliminary data, amounted to $25.1 B, reported the National Bank of Ukraine. In May, rese... #BankingUkraine #BankReservesDuringWar #nbu #UkraineReserves
The placement of military bonds has attracted a record small amount. On June 7, the Ministry of Finance placed military bonds worth almost UAH 810M ($27M) announced the Ministry’s press service. Investors were offered hryvnia bonds with a maturity of 3 and 6 mont... #MiiltaryBonds #MilitaryBondDemand #militarybonds #ukrainebonds
Military bond rates will not change despite the key policy rate increase. The Ministry of Finance has stated that it will keep rates on military bonds fixed despite raising the National Bank’s discount rate to 25%. The NBU stresses that the funds from the sale of mil... #MilitaryBondRates #militarybonds #ukrainebonds #WarinUkraine
The farmer loan portfolio has grown by over 50%. As of the beginning of May 2022, the share of loans granted by banks to companies related to agriculture, forestry, and fisheries was 13.2% of the total number of loans, reported Opendatabot. In tota... #FarmersLoans #farmingukraine #FarmLoans
Ukrainian Alfa-Bank will change its name. The Board of Alfa-Bank Ukraine wants to change the bank’s name not to be associated with the brand of the Russian sanctioned Alfa-Bank, stated Simeon Dyankov. He acts as a proxy with the right t... #AlfaBank #SimeonDyankov #АльфаБанкуУкраїна
The National Bank of Ukraine has sold $9B in 2022. After the National Bank’s record sale of a currency on the market last week, the volume decreased slightly and amounted to $826M. Since the beginning of the year, the bank has sold $9.4B. A week... #CurrencyMarket #CurrencySale #nbu
The National Bank of Ukraine raises the key policy rate to 25%. The National Bank decided to increase the rate from 10% to 25%, stated NBU Chairman Kyrylo Shevchenko. He stressed that such an increase in the discount rate is to protect hryvnia income and savings. ... #bankingduringwar #KeyPolicyRate #KyryloShevchenko #nbu #UkraineRateIncrease
The NBU proposes an additional import duty on non-critical categories of imports. The National Bank of Ukraine offers, in addition to the resumption of import taxation, to introduce an additional import duty on non-critical imports, said Deputy Chairman of the NBU Yuri Geletiy. Ac... #bankingduringwar #ImportDuty #nbu #YuriGeletiy
The prolonged war is forcing a change in monetary policy. The need to change monetary policy, which the National Bank of Ukraine raised, is due to the economy’s need to adapt to the protracted war, said a member of the NBU Council, Viktor Kozyuk. “Thre... #monetaryPolicyDuringWar #nbu #ViktorKozyuk #WarinUkraine
The EU summit agreed on an oil embargo, but with exceptions. The European Union overcame the resistance of several skeptical states and made a political decision to impose an oil embargo on Russia. European Council President Charles Michel stressed that the dec... #CharlesMichel #EUsummit #OilEmbargo #RussianOilBan
The EU will provide €9B in macro-financial support to Ukraine. European Union leaders have decided to provide Ukraine with a €9B loan to meet urgent budget needs, stated European Commission President Ursula von der Leyen. Currently, Ukraine needs about €5B a mon... #9BaidforUkraine #AidforUkraine #EUfinancialAid #EUsummit
Military bonds can be purchased through the e-government Diia app. The portal and Diia application will be replenished with new features, including buying military bonds and accessing some e-notary services, said Minister of Digital Transformation Mikhail Fedorov. Th... #Bonds #BondsUkraine #DIIA #DIIAapp #militarybonds
The budget receives another UAH 3B from the sale of military bonds. On Tuesday, at an auction for the sale of military bonds, the state raised more than UAH 3B ($94M) to the budget. Investors were offered five bond issues, one of which was a dollar issue with a maturi... #Bondmarket #Bonds #militarybonds #ukrainebonds
The Ministry of Economy recorded a record demand for 5-7-9% loans. Since May, there has been a record number of requests from businesses for soft loans under the state program Affordable Loans 5-7-9%, which indicates the desire of entrepreneurs to resume business as... #AffordableLoans #LoansforBusiness #UkraineBanking
Ukraine has approved the terms of a soft loan from Canada for CAD 1B. The Cabinet of Ministers has approved the terms of a soft loan from Canada in the amount of CAD 1B, reported the Ministry of Finance. It is noted that the loan will be provided on favorable terms with... #CanadaaidforUkraine #CanadaUkraine
The NBU expects inflation of 17% in May and might increase bond rates. The National Bank expects prices to rise by 17% year on year in May and considers it necessary to raise interest rates on government bonds, said the head of the NBU, Kyrylo Shevchenko, on ZN.UA. He n... #KyryloShevchenko #nbu #UkraineInflation2022
The new program with the IMF should support macro-financial stability. The new program with the International Monetary Fund (IMF) should become an essential element in supporting macroeconomic stability, said the chairman of the National Bank of Ukraine, Kyrylo Shevchenk... #imf #IMFinUkraine #IMFloans #IMFprogramm
Foxtrot stores have launched cryptocurrency payments through Binance Pay. Foxtrot’s chain of electronics and home appliance stores has launched the ability to pay for goods in their online store and retail outlets with cryptocurrency using Binance Pay, reported Speka... #BinancePay #Foxtrotstores #KyryloKhomyakov
The NBU sold a record amount of currency this week. The volume of currency sales by the National Bank of Ukraine in the fourth week of May set a sales record for the period of time since the beginning of the war, $1.43B, reported the NBU. The National ... #currencyexchange #nbu
Ukraine’s international reserves in May stand at $27B. At the beginning of May, the level of international reserves in Ukraine amounted to about $27B. According to Deputy Chairman of the National Bank of Ukraine (NBU) Serhiy Nikolaychuk, Ukraine spends ... #internationalReserves #nbu #UkraineReserves
Russia will not be able to service its public debt in dollars. The US Treasury Department has announced that it will not renew the general license that temporarily allowed Russia to make payments to service its foreign debt in dollars while under sanctions. “The ... #RUssianDebt #RussianPublicDebt #SanctionsAgainstRussia #USTreasury
Ukraine needs to return to the pre-war tax system. Minister of Finance Serhiy Marchenko believes that Ukraine should return to the pre-war tax system. “I believe that Ukraine needs to return to the pre-war tax system. We need to decide what we w... #PreWarTaxes #SerhiyMarchenko #UkraineTaxes
Ukraine wants to expand its loan program for farmers. The Ministry of Agrarian Policy is initiating the expansion of affordable lending for farmers working in agricultural processing. Deputy Minister Taras Vysotsky stated that the financing of the sowin... #AffordableLoans #FarmingLoans #LoansforFarmers
The Ukraine Ministry of Finance has placed UAH 12.6B in military bonds. On May 24, the Ministry of Finance placed more than UAH 12.6B ($40M) worth of military bonds, which is almost twice as much as last week, announced the Ministry of Finance. The placement was as follo... #BondMarketUkraine #Bonds #militarybonds
Ukraine will receive only $2B from its international partners in May. In May 2022, Ukraine will receive up to $2B from its international partners against the required $5B per month, said Finance Minister Serhiy Marchenko. Unfortunately, we will not have $5B in May. So ... #financialaidforUkraine #SerhiyMarchenko
Ukraine presented a plan for economic victory in Davos. At the opening of the World Economic Forum, the First Deputy Prime Minister of Ukraine, Yulia Svyrydenko, presented to its participants the plans that Ukraine needs to implement to win the war. Ukrain... #Davos #Davos2022 #worldeconomicforum #YuliyaSvyridenko
The Ukrainian banking sector remains profitable. The net operating profit of the banking sector for the four months of 2022 increased by 10%, despite a reduction in this figure in March-April. But due to significant contributions to reserves, the b... #bankingduringwar #nbu #UkraineBanking
Moody’s downgrades Ukraine’s sovereign credit rating. The Moody’s rating agency downgraded Ukraine’s long-term credit rating from Caa2 to Caa3 and negatively changed the outlook. The downgrade is due to increased risks in servicing Ukraine’s publi... #Moodys #UkraineEconomicForecast #UkraineEconomy
