Finance

Tuesday, January 18

PrivatBank reduced the POS-terminals fee to 1.8%.

PrivatBank reduced the POS-terminals fee to 1.8%. From January 15, the state-owned PrivatBank has set a single basic fee for business customers for acquiring services at outlets (acceptance of payments by bank cards) of 1.8%. According to the press s...

The Hryvnia has been weakening against the dollar since the beginning of the year.

The Hryvnia has been weakening against the dollar since the beginning of the year. The hryvnia continues to lose its position under the pressure of growing demand for currency from investors and non-residents and may weaken to UAH 28.2-28.3 / USD. The foreign exchange market is now ...

French neobank enters Ukraine.

French neobank enters Ukraine. French fintech company Qonto is hiring employees in Ukraine and has announced the opening of a local office for development, however, the company is not launching services yet, reportedain.ua. Qonto i...

Monday, January 17

The National Bank expands the conditions for foreign exchange transactions.

The National Bank expands the conditions for foreign exchange transactions. From January 15, the Bank will expand the range of intermediaries with which residents can make payments in foreign currency on the secondary market of IGLBs, non-banking institutions, or investment f...

The NBU introduces tariffs for BankID participants.

The NBU introduces tariffs for BankID participants. From February 1, 2022, the NBU BankID System will introduce tariffs for services provided to subscribers for connection and use. Given this, the introduction of system subscriber tariffs for services ...

Friday, January 14

The Affordable Mortgage program provided 1.2 B in loans.

The Affordable Mortgage program provided 1.2 B in loans. As of January 13, 2022, authorized banks under a 7% Affordable Mortgage program, signed over 1,417 loan agreements totaling UAH 1.221 B ($ 44 M) for both primary (22.39%) and secondary (respectively &...

Russia’s militant rhetoric has affected Ukraine’s Eurobond rates.

Russia’s militant rhetoric has affected Ukraine’s Eurobond rates. The regular belligerent statements by Russian officials led to a fall in Ukraine’s Eurobond prices by 2-4.7% on Thursday (depending on the maturity). As a result, the maturity rates of almost al...

Thursday, January 13

Global Economic Growth will slow through 2023

Global Economic Growth will slow through 2023 . Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid new threats from COVID-19 variants, a rise in inflation, debt, and an income inequality that could endan...

Kolomoisky and Verevsky are leaders in cryptocurrencies mining.

Kolomoisky and Verevsky are leaders in cryptocurrencies mining. The leaders in the importation of specialized equipment for crypto mining into Ukraine are enterprises associated with businessmen, Igor Kolomoisky and Andrey Verevsky, reports NV. Zaporizhzhia Ferroa...

Ukraine’s public debt will be reduced to 50.8% of GDP.

Ukraine’s public debt will be reduced to 50.8% of GDP. The government of Ukraine plans to reduce its public debt to 50.8% of GDP in 2022, stated The Prime Minister, Denis Shmygal. Ukraine’s government priorities are to continue working with the IMF and to...

In 2021, UZ received UAH 457.5 M in net profit.

In 2021, UZ received UAH 457.5 M in net profit. The Ukrainian Railways (UZ) through its press service said that it has received the sum of UAH 457.5 ($16.5 M) as net profits against almost UAH 12 B ($436 m) as a net loss in 2020. The revenue amount...

Wednesday, January 12

The Ministry of Finance has placed UAH 3.87 B worth of bonds.

The Ministry of Finance has placed UAH 3.87 B worth of bonds. On January 11, 2022, the Ministry of Finance raised a sum of UAH 3.87 B ($ 141 M) of the state budget at an auction for the placement of domestic government bonds. According to NBU, the Ministry of Fi...

Tax amnesty allowed Ukrainians to declare UAH 1.2 B.

Tax amnesty allowed Ukrainians to declare UAH 1.2 B. The Chairman of the Tax amnesty Committee, Danilo Getmantsev, announced that as of January 10, 2022, as part of the capital tax amnesty campaign, Ukrainians reported UAH 1.2 B ($44 M), of which the bu...

Tuesday, January 11

Ukraine budget received UAH 107.2 B in excise tax and license fees.

Ukraine budget received UAH 107.2 B in excise tax and license fees. The consolidated budget of Ukraine in 2021 received a sum of UAH 107.2 B ($ 3.95 B) from excise tax and fees for licenses to conduct operations with excisable goods. The statement reads that this is 1...

Inflation in December was 0.6%.

Inflation in December was 0.6%. In December 2021, consumer prices in Ukraine increased by 0.6% compared to the month before, as against December 2020 which was- by 10.0%, reported ukrstat.gov. In 2021, compared to 2020, consumer inf...

Monday, January 10

International reserves grew by 6% last year.

International reserves grew by 6% last year. As of January 1, 2022, Ukraine’s international reserves, according to its preliminary data, amounted to $ 30.9 B. In 2021, they increased by $ 1.8 B, or 6%. The International reserves have incre...

Thursday, January 6

De-shadowing brought the budget more than UAH 50B

De-shadowing brought the budget more than UAH 50B . According to Chairman of the Committee on Finance, Tax and Customs Policy Danilo Getmantsev,, the state budget received an additional UAH 14.8B from domestic taxes in December alone, or 42.6% more t...

The Guarantee Fund sold the assets of insolvent banks for UAH 72.7M.

The Guarantee Fund sold the assets of insolvent banks for UAH 72.7M. In December 2021, the Deposit Guarantee Fund held successful auctions for the sale of assets of liquidated banks for UAH 70.97M ($2.7M), the statement reads. A total of 136 open e-auctions were held l...

Government borrowing last year amounted to almost UAH 603B.

Government borrowing last year amounted to almost UAH 603B. Actual government borrowing for the 2021 state budget general fund amounted to UAH 602.8B ($22M) or 86.2% of the planned amount for this period, announced the Ministry of Finance. UAH 388.3B ($14B) wa...

Ukravtodor paid a record UAH 15B for debt service during the year.

Ukravtodor paid a record UAH 15B for debt service during the year. In 2021, the State Road Agency of Ukraine made several payments amounting to UAH 42.47B, including loan re-payments of 14.91B. Ukravtodor transferred funds from the state budget to local budgets in th...

Wednesday, January 5

2021 state budget revenues were exceeded by 1.8%.

2021 state budget revenues were exceeded by 1.8%. Revenues of the state budget of Ukraine in 2021 amounted to UAH 1.288 trillion, which is 1.8% higher than planned and 20.7% higher than last year, reported the State Treasury Service. According to the...

Tuesday, January 4

The NBU will raise the risk of consumer credit to 150%.

The NBU will raise the risk of consumer credit to 150%. The National Bank of Ukraine (NBU) will increase the risk weight for unsecured consumer loans from 125% to 150% from January 1, 2022, announced NBU. It is noted that such changes will help banks creat...

In 2021, the NBU increased the net purchase of currency by $1 B.

In 2021, the NBU increased the net purchase of currency by $1 B. In 2021, the National Bank bought $3.69 B on the interbank foreign exchange market and sold one-third. In the last week of 2021, December 28-31, the regulator bought $ 5 M and sold another $4 M. For c...

State Customs Service exceeded its revenue plan by UAH 1.1 B.

State Customs Service exceeded its revenue plan by UAH 1.1 B. In December 2021, the State Customs Service of Ukraine transferred UAH 52.7 B ($1.93 B) to the budget of Ukraine (compared to the planned UAH 51.6 bln) and fulfilled the plan by 102.1% or UAH 1.1 B ($...

Thursday, December 30

Since the beginning of 2021 Ukraine’s public debt has grown by 4%.

Since the beginning of 2021 Ukraine’s public debt has grown by 4%. As of November 30, 2021, the state and state-guaranteed debt of Ukraine amounted to UAH 2.56 trillion or $94.15 bln. In November 2021, the direct public debt in dollar terms increased by 0.96% to $82....

The Ministry of Finance has sold UAH 15 bln of bonds.

The Ministry of Finance has sold UAH 15 bln of bonds. The auction raised $553 mln, with circulation terms of 3 months, 6 months, 1 year, 2 years, and 3 years. The weighted average yield is 3 months 10.50%, 6-month 10.80%, 1 year 11.90%, and 2 years and t...

The state budget for the period of January-November this year was meet its commitments by 104%.

The state budget for the period of January-November this year was meet its commitments by 104%. The expected results were UAH 47 bln ($1.72 bln). According to the Ukrainian Prime Minister, Denys Shmyhal, the hryvnia remains stable, and the budget has enough funds to finance all expenditures. Shm...

Wednesday, December 29

The net profit of Ukrainian banks has grown by 50%.

The net profit of Ukrainian banks has grown by 50%. During the first ten months of 2021, the net profit of the banking sector reached UAH 58.4 bln ($2.15 bln). This is almost 50% more than in the corresponding period of 2020. Privately held bank FUIB e...

Monday, December 27

Monobank plans to launch the sale of shares and install ATMs in Kyiv.

Monobank plans to launch the sale of shares and install ATMs in Kyiv. The bank plans to launch the sale of shares in the first quarter of 2022, starting with the S&P 500, said the Co-founder of monobank, Oleg Gorokhovsky. “We have made a product for unskilled invest...

eBay is adding 20% of the VAT to its services in Ukraine.

eBay is adding 20% of the VAT to its services in Ukraine. eBay has sent a warning letter to Ukrainian users to add 20% value-added tax (VAT) to their services. Since January 2022, the so-called “tax on Google” will come into force. Furthermore, i...

Wednesday, December 22

The Ministry of Finance raised UAH 12.1 bln from the sale of domestic government hryvnia bonds.

The Ministry of Finance raised UAH 12.1 bln from the sale of domestic government hryvnia bonds. The volume of sale was similar to sales a week earlier (UAH 5.8 billion), for which it increased the number of auctions to 9 and again slightly raised rates. As a result, the bond rates were: 22-month...

New tax law regime adopted for IT companies.

New tax law regime adopted for IT companies. Diya.City will come into force at the end of January 2022, said Minister of Digital Transformation Mikhail Fedorov. In 2022, IT companies will apply and pay taxes under the new tax system. Diya.city w...

Tuesday, December 21

Ukraine’s GDP for the third quarter increased by 2.7%.

Ukraine’s GDP for the third quarter increased by 2.7%. Ukraine’s GDP in the third quarter of 2021 increased by 2.7% compared to the third quarter of 2020. It is noted that compared to the previous quarter, the country’s GDP in the third quarte...

McDonalds and Johnson & Johnson shares to be traded in Ukraine.

McDonalds and Johnson & Johnson shares to be traded in Ukraine. The Ukrainian Stock Exchange announced that the shares of 3 blue-chip companies – McDonald’s, Johnson & Johnson, and the railway operator CSX Corporation in Ukraine. The announcement w...

Monobank to provide customers options to trade in stocks.

Monobank to provide customers options to trade in stocks. Ukrainian Monobank has started collecting applications from users to join stock trading. The project’s co-founder, Oleh Horokhivskyi, wrote about this in the Telegram. So far, we are not talking...

Monday, December 20

The World Bank allocated €300 mln for Economic Recovery in Ukraine.

The World Bank allocated €300 mln for Economic Recovery in Ukraine. Today, the Board of Executive Directors of the World Bank approved the Second Loan for the Development of Economic Recovery Policy in Ukraine for €300 mln. These funds will be used to support reforms ...

PrivatBank will be privatized by 2024.

PrivatBank will be privatized by 2024. “If the Ukrainian government makes a final decision on the privatization, the bank can be sold in 2024 for an enormous sum”, said the Chairman of PrivatBank’s Board, Gerhard Boesch. “Regarding t...

Friday, December 17

The volume of non-performing loans of state-owned banks decreased by 11%

The volume of non-performing loans of state-owned banks decreased by 11% ,said the Ministry of Finance. From the beginning of 2021, the volume of non-performing loans of public sector banks decreased by UAH 35 bln ($1.29 bln) or 11%. According to the meeting of the Ministe...

Thursday, December 16

The land is for sale at Prozorro.Sales.

The land is for sale at Prozorro.Sales. On December 17, 2021, the Individual Deposit Guarantee Fund will hold an auction to sell commercial real estate in the central part of Kyiv, which belongs to a Land Capital Bank. The funds from the Pr...

Industrial inflation in Ukraine is above 60% in November 2021.

Industrial inflation in Ukraine is above 60% in November 2021. The highest figure since 1996, according to the State Statistics Service. Industrial inflation indicates an increase in the cost of raw materials and components that businesses use to produce or provi...

Wednesday, December 15

The Ministry of Finance has placed government bonds for 10.8 bln.

The Ministry of Finance has placed government bonds for 10.8 bln. At the IGLBs auctions, the Ministry of Finance offered investors seven securities issues in the national currency and two issues in foreign currencies. Hryvnia bonds yields: 3 months-10.5%, 6 months-1...

Privatbank has launched a point-of-sale app for smartphones.

Privatbank has launched a point-of-sale app for smartphones. In partnership with Visa, Privatbank announced the launch of the “Terminal” solution based on Tap to Phone – a technology that turns smartphones or tablets into a full-fledged POS te...

The number of electronic payment cards issued in Ukraine has increased by 7% since the beginning of 2021 to 78 mln

The number of electronic payment cards issued in Ukraine has increased by 7% since the beginning of 2021 to 78 mln . During a recent round table discussion “When everything will be cashless: how non-cash payments will develop in Ukraine soon,” the Deputy Chairman of the NBU, Oleksiy Shaban, said that the fig...

Tuesday, December 14

The Ukrainian subsidiary of the Russian Sberbank has changed its name to MR Bank.

The Ukrainian subsidiary of the Russian Sberbank has changed its name to MR Bank. Sberbank decided to change the name of its subsidiary “Sberbank” (Kyiv) into “MR Bank”, due to a decision of Sberbank of Russia dated September 27, which was published on its w...

Ukraine allows redemption/exchange of Eurobonds and expansion of currencies in an updated strategy of state debt management.

Ukraine allows redemption/exchange of Eurobonds and expansion of currencies in an updated strategy of state debt management. The Ministry of Finance of Ukraine will continue the practice of buying or exchanging government securities (Eurobonds) to smooth the repayment schedule, according to the updated medium-term strategy ...

The National Securities Commission and stock market identified 13 more unreliable investment firms

The National Securities Commission and stock market identified 13 more unreliable investment firms . They were added to the list of investment projects with signs of doubt: Evotrade, Wellmax Capital, Euro1nvest, MeteorTrade, InvestingVIP, INVFX, HashTrade, Everest Trade, Esther, ICEFX, Iron Max Gro...

Monday, December 13

PrivatBank and IntelExpress launch direct international money transfers to Ukraine.

PrivatBank and IntelExpress launch direct international money transfers to Ukraine. PrivatBank customers will be able to receive IntelExpress money transfers in euros or dollars to their account or card without visiting the bank or using remote self-service channels. Starting today, ...

Friday, December 10

Ukraine’s public debt will be cut to 56.9% of GDP by the end of 2021 and to 47% by 2024

Ukraine’s public debt will be cut to 56.9% of GDP by the end of 2021 and to 47% by 2024 , announced the Ministry of Finance. Among the goals are: to decrease public debt by the end of 2024 to 47% of GDP; increase in debt denominated in the national currency to 51% of GDP; to extend the a...

NBU expects a state budget deficit of 2021 at 4% of GDP

NBU expects a state budget deficit of 2021 at 4% of GDP . The National Bank of Ukraine expects the state budget deficit for 2021 at the level of 4% of GDP with 5.5% of GDP planned in the law on the state budget and its additional financing of UAH 40 bln ($...

In November, the annual inflation rate slowed to 10.3%.

In November, the annual inflation rate slowed to 10.3%. While inflation in the consumer market in November compared to October increased by 0.8%. Since the beginning of the year, consumer prices have risen by 9.4%. As a result, core inflation in November 2...

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