Ukraine- EU cooperation plan with € 2.3 bln investment package. At a meeting with EU Neighborhood and Enlargement Commissioner Oliver Vargei, Ukrainian Foreign Minister Dmytro Kuleba discussed the Eastern Partnership’s economic and investment plan. The plan ... #OliverVargei #UkraineEU #UkraineEUcooperation
Ukrgasbank announced record profits. For the first ten months of the year, the state-owned bank earned a record profit of UAH 2.7 bln ($103 mln). This financial result is almost four times higher than the profit for the same period in 20... #UkrgasbankUkraine #UkrgazbankProfits #Ukrgazbankprofits2021
IMF to consider second stand-by tranche for Ukraine on November 22. The IMF Board of Directors plans to approve the results of the first revision of the stand-by program on November 22. In June 2020, the IMF approved a stand-by program for Kyiv with a total volume of ... #imf #IMFmoneyforUkraine #IMFnextTranch #imfukraine
Last week, the National Bank of Ukraine (NBU) purchased a record $858 mln in currency on the interbank market this year. Almost the entire amount of the purchased cash was the currency funds of the state-owned company NEC Ukrenergo, which placed 5-year Eurobonds under gover... #NationalBankofUkraine #nbu #Ukrenergo
Monobank’s new card, the cryptocurrency card, is awaiting approval from the NBU. “The has been waiting for approval from the NBU for three months. The launch of shares in Monobank that was scheduled for 2022 has been postponed”, said the co-founder of Monobank, Oleg Gorokhovsky. H... #Crypto #cryptocurrencycard #Monobank #MonobankCryptoCard #OlegGorokhovsky
Ukrposhta is entering the retail banking market with the purchase of a bank valued at UAH 260 mln. Ukrposhta purchased Alpari Bank for UAH 260 mln ($9.9 mln). The Cabinet of Ministers and the Ministry of Infrastructure, the owner of Ukrposhta, gave a green light for the agreement. Now the National ... #PostOfficeBanking #Ukrposhta #UkrposhtaBanking
Consumer inflation in October 2021 slowed to 10.9% on a year-on-year period. It was higher than the NBU’s forecast. “Actual consumer inflation has slowed as expected but was slightly higher than the forecast published in the Inflation Report by NBU for October 2021. This... #ConsumerInflation #Inflation #InflationinUkraine
The Ministry of Finance has raised the forecast of payments on public debt in 2022 by ₴17.91 bln ($687 mln) to ₴456.4 bln ($17.4 bln). At the same time, the forecast for payments in 2021 was reduced by ₴2.1 bln ($80 mln) to ₴593.89 bln ($22.6 bln), for domestic debt by ₴1.05... #NationalBankofUkraine #nbu #PublicDebt #UkraineDebtRepayment #UkrainePublicDebt
Ukraine banks have issued 1,060 loans valued at ₴916.7 mln, announced the Ministry of Finance. Authorized banks within the framework of the state program “Affordable Mortgage 7%” issued 1,059 loans totaling ₴916.73 mln ($35 mln). Of the total amoun... #AffordableLoans #AffordableMorgagesUkraine #BankLoans
The Antimonopoly Committee of Ukraine (AMCU) has allowed MasterCard and Visa to reduce the interbank fee , announced the Chairperson of AMCU, Olga Pishchanskaya. This decision will help increase non-cash payments and reduce the cost of consumers of acquiring services. After obtaining the permission of th... #MasterCardUkraine #NonCashpayments #VisaUkraine
The Ministry of Finance sold government bonds valued at ₴11.7 bln. The Ministry of Finance raised the equivalent of $446.6 mln for the budget when it auctioned domestic government bonds (IGLBs). Investors were offered seven issues of securities in national currency a... #GovernmentBonds #UkraineBond #UkraineBondMarket
The First Ukrainian International Bank (FUIB) in negotiations to purchase Idea Bank. According to Forbes Ukraine, the potential transaction was confirmed by FUIB’s press service. The transaction is not complete, but in the coming days, the parties are likely to announce to the r... #FirstInternationalBank #FUIB #IdeaBankandFUIB #IdeaBankUkraine
Sberbank sees no prospects in Ukraine. The Chairman of Sberbank, Herman Gref, announced the sale of its Ukrainian subsidiary. City the lack of opportunities in Ukraine. Mr Gref said that the bank is currently actively looking for a sale op... #Sberbank #SberbankLeavesUkraine #SberbankUkraine
Banks earned more fees from IGLBs than on loans to households or businesses. For three quarters of 2021, Ukrainian banks earned interest income from securities transactions to the value of ₴41.8 bln ($1.6 bln). At the same time, interest income from lending to individuals was ... #BankinginUkraine #IGLBukraine #UkraineBanking #UkraineGovernmentLending #UkraineSecurityTransactions
The National Commission is expanding the state register of securities issues. The commission will supplement the state register with information on: Issues of the bank’s deposit certificates registered by the Central Depository; NSSMC registered issues of derivative secur... #NationalSecurityCommision #SecuritiesRegistrationUkraine
The Deposit Guarantee Fund will auction 11 land plots that are owned by Arkada Bank. The fund reminded investors of the opportunity to purchase land plots of JSCB “ARKADA” located in the village of Mykhailivka-Rubezhivka, Kyiv-Sviatoshynskyi district, Kyiv region. The resa... #Arkada #ArkadaBank #DepositGuaranteeFund
The 2021 state budget deficit will be ₴170 bln ($ 6.46 bln) with an annual plan of ₴220 bln ($8.36 bln). The announcement was made by the Head of the Center for Analysis of Public Finances and Public Administration of the Kyiv School of Economics, Daryna March... #BudgetDeficit #UkraineBudget #UkraineBudgetDeficit
The government will attract up to €250 mln in loans from the USA. The Cabinet of Ministers will approve the loan from the US agricultural company, Cargill. The maturity of the three-year loan will be at 5.15%, and the five-year loan at 5.85%. #Cargil #CargillLoans
Ukraine may get a mobile online stock market trading platform. With the Ukrainian securities market is reviving, an online trading service will be launched, and the competition between mobile offers for clients will begin. Stock market players expressed this opin... #MobileTradingPlatform #UkraineTradingPlatform
Ukraine has attracted a record amount of international investment since the beginning of 2021, said the Prime Minister, Denys Shmygal, on Facebook. Ukraine has attracted $ 4.8 bln in foreign direct investment (FDI) in three quarters of 2021. In the first half of the... #DenysShmyhal #InvestinUkraine #UkraineAttractsInvestments
Ukrgasbank signs agreements with UAE’s Mashreq Bank for a loan valued at $35 mln. Both banks concluded the first agreement on structured trade financing, according to a recent press statement. The amount of transaction totals about $35 mln, for a term of up to 60 days which will as... #MashreqBank #UkraineBanking #Ukrgasbank
Ukraine’s international reserves resumed growth and increased by 3.3% in October after falling sharply in September 2021 due to public debt payments, reported NBU. As of November 1, reserves amounted to $ 29.65 bln, which is 3.5% more than in September. The increase is ... #nbu #UkraineInternationalReservs #UkraineReserves
Monobank has increased its profits six-fold to $100 mln. “We are actively growing our customer base,” said Oleg Gorokhovsky, the co-founder of Monobank. The number of active mono cards as of September 2021 has grown to 4.3 mln, which is twice as... #Monobank #MonobankProftis #MonobankUkraine
The Verkhovna Rada passed a law establishing a Credit Guarantee Fund for farmers. The new law is designed to support small and medium businesses, including farms, by providing loan guarantees of up to 50% of the outstanding amount of principal for up to 10 years. #AgroBusinessUkraine #LoansforFarmers #SmallBusinessUkraine
EBRD expects Ukraine’s economy to grow by 3.5 % in both 2021 and 2022, said a press release of the bank. Growth in 2021 will be fueled by a rich grain harvest and the continued normalization of business activities, though slow progress on reform and rollout of the Covid-... #ebrd #UkraineEconomy #UkraineEconomyForcast
The National Commission on Securities and Stock Market has admitted to circulation in Ukraine new securities of blue-chip companies including Nike, PepsiCo, Pfizer, and PayPal. The announcement was made by the National Commission on Securities and Stock Market of Ukraine. Ukrainian investors can take the opportunity to i... #SecuritiesforUkraine #StockMarketUkraine #USsecuritiesCirculationinUkraine
The Prozorro auction site contributed a record ₴57 mln in taxes and dividends to Ukraine’s budget. In an announcement from the Ministry of Economy, in the first nine months of 2021 Prozorro.Sales paid a record ₴57.3 ($2.17mln) in taxes and dividends to the state budget. Of these, ₴8.9 mln ($338,000... #ProZorro #Prozorrosales #ProzorroUkraine #TaxesfromProzorro
Ministry of Finance to invest ₴124.1 bln ($4.72 bln) in the development of road networks in 2022. The announcement was subject to receiving syndicated finance from the EBRD to: reconstruct the Kyiv Odesa highway (M-05); construction of the northern bypass of Lviv and Ternopil; reconstruction of a ... #BigConstruction #ebrd #EBRDinUkraine #RoadConstructionUkraine #RoadDevelopmentUkraine
The Ukrainian government to reduce its ownership of banks by 25%, announced the Ministry of Finance. The main goal is to reduce the share of the state in the banking sector to below 25% in 2025. The partnership with IFC and the transformation processes carried out b... #OwnershipofBanks #OwnershipsofBanksinUkraine #UkraineBanking #UkraineBanks
ProCredit Bank has joined the EBRD-EU4Business Small and Medium Business Support Program by signing a Loan Agreement with the EBRD. The program is a joint EU-EBRD initiative to assist Ukrainian small and medium-sized enterprises (SMEs) in financing their sustainable investments in technol... #ebrd #ProCreditBank #SMEfinancing
EBRD to invest $75 million in a sustainability-linked Eurobond issued by Ukrenergo. In a bid to resolve the payments crisis gripping the country’s renewable energy sector, the proceeds will cover all payment arrears owed to renewable energy producers. The investment will help to rest... #BondMarketUkraine #ebrd #eurobonds #Ukrenergo #UkrEnergoBonds
JPMorgan has improved the forecast of the hryvnia exchange rate for 2022. In October-December 2021, the hryvnia exchange rate is projected at ₴26.3 / $1, previously it was expected to be ₴26.5 / $1. The hryvnia exchange rate will remain at this level in January-Ma... #HryvniaexchancgeRate2022 #HryvniaForcast #HryvniavsDollar
Ukrenergo has raised $825 mln with the placement of 5-year “green” Eurobonds at 6.875% , reported Interfax. The placement is organized by BNP Paribas, Deutsche Bank, Goldman Sachs and Ukreximbank. It was supported by the Cabinet of Ministers which provided Ukrenergo with state guarantee... #EuroBondsUkraine #GreenBonds #GreenBondsUkraine #UkrEnergoBonds
State budget revenues exceeded Treasury expectations by 4.5%. Revenues for the period January-October 2021 were ₴1.018 trillion ($38.7 bln), which was 4.5% or 43.7 bln ($1.66 bln) more than forecast and 21% higher than in the same period last year, reported trea... #StateBUdgetRevenue #UkraineBudget #UkraineStateBudget
Even with this surplus in revenues, the government continues to lag behind in expenditures by 7.3% in the period January-October 2021 . The general fund received a total of ₴862.1 bln ($32.8 bln), of which ₴488.2 bln ($18.55 bln) were taxes from the State Tax Service and another ₴321.6 billion ($12.2 bln) was from the State Customs ... #StateTaxServiceofUkraine #UkraineStateBudget
Asset sales of seven Ukrainian banks. The Individual Deposit Guarantee Fund for Individuals has put up for sale the assets of seven banks valued at ₴1.93 bln ($73.38 mln), reported the press service of the Foundation. The following assets... #AssetSales #AssetSalesofUkraineBanks #DepositGuaranteeFund
The National Bank of Ukraine (NBU) has excluded 55 firms from the State Register of Financial Institutions due to the lack of valid licenses. “The NBU exclusion included 42 financial companies and 13 pawnshops due to the lack of valid licenses,” announced NBU on its website. #NationalBankofUkraine #nbu
Remittances to Ukraine have exceeded $10.34 bln since the beginning of 2021 , announced the NBU. In the period January-September, private transfers to Ukraine amounted to $10.339 bln. During the month of September, the volume of private remittances to Ukraine from abroad reac... #MoneyTransfer #RemittancestoUkraine #SendingMoneyToUkraine
The NBU discount rate of 8.5% was supported by 7 members of the NBU committee. Three were in favor of raising it to 9%. The discounted rate was announced on the NBU telegram channel. During the meeting, the committee members noted that the current inflationary development is clo... #nbu #NBUdiscountRate #UkraineBankDiscountRate
290 companies were removed from the register of large taxpayers in Ukraine. At the same time, 258 new ones were added reducing the register was reduced by 32 companies, Opendatabot. #LargestCompaniesUkraine #LargeTaxpayersUkraine #TaxPayersUkraine
Inflation will slow down to single-digit rate of 9.6% by the end of 2021 stated the quarterly Inflation Report of the National Bank of Ukraine. After the peak in the September-October period, the rate of inflation will begin to slow down and at the end of 2021 will be 9.6%... #InflationUkraine #NationalBankofUkraine #nbu
Nova Poshta doubled its net profit. In January-September 2021, Nova Poshta increased its net profit 2.3 times compared to the same period last year to ₴2.1 bln ($87.5) from ₴906 mln ($34.5 mln). Nova Poshta’s net income for the re... #novaposhta #NovaPoshtaPostOffice #NovaPoshtaProfits
The National Investment Fund will place shares valued at ₴100 mln ($3.8 mln). The first issue of shares valued at ₴100 mln was registered on October 28, 2021, and the placement of shares is scheduled for the period November 5 to 12, 2021. #NationalInvestmentFund #UkraineInvestmentFund
The number of individual entrepreneurs (FOP) is growing on average of 7,000 every month. “As of October 20, there are 1,982,348 FOPS active in Ukraine. Their number increases by an average of 7,000 a month, new registrations is around 20,000 and closes ones is around 13,000,” announced op... #entrepreneurs #entrepreneursUkraine #MoreentrepreneursinUkraine
Ukrainian investors will be able to buy stocks in Google, Amazon, Intel, and other US blue-chip companies. The National Securities and Stock Market Commission has admitted to trading 15 more international companies, including Bank of America, Google, Amazon, and others. In total, Ukrainian investors can cu... #InvestinStocks #investments
Ukraine’s public and state-guaranteed debt decreased by ₴ 40 bln ($1.52 bln). As of the end of September 2021, the total public and state-guaranteed debt of Ukraine amounted to ₴2,445.52 bln ($92.02 bln). During the month the debt decreased by ₴39.8 bln and by $510 mln. “... #ukrainedebt #UkrainePublicDebt #UkraineStateDebt
The First Ukrainian International Bank (FUIB) announced a profit of ₴3 bln ($114 mln) in the first nine months of 2021. The result is almost ₴1 bln ($38 mln) more than in the profits for the same period in 2020 (₴2.06 bln). In the meeting of bank shareholders in March 2021, the decision was made to distribute ₴1.3 bln ... #FirstInternationalBank #FUIB #FUIBprofits
The net purchase of foreign currency amounted to $37 mln since the beginning of October 2021. The net purchase of foreign currency by the population of Ukraine was $37 million announced the Chairman of the NBU, Bohdan Danylyshyn. Since the beginning of the ... #ForeignCurrencyPurchase #NationalBankofUkraine #nbu
The Ministry of Finance has sold government bonds valued at ₴17.2 bln ($653 mln). Investors were offered six bond issues in national currency and one issue in foreign currency reported the Ministry of Finance on the Facebook page. The terms of government bonds in hryvnia were: 3 mo...
In September 2021, Ukreximbank reported a record profit. The monthly operating profit of Ukreximbank exceeded ₴ 533 mln ($ 20 mln) which was a record value for the entire period of its activity since 1992, announced the bank. The results were achieved by th...
