Finance

Thursday, January 27

Ukraine reduced the share of its debt in 2021.

Ukraine reduced the share of its debt in 2021. At the end of December 2021, Ukraine’s public debt amounted to UAH 2.36T ($86.6B), about 45.2% of the country’s projected GDP, reported the Ministry of Finance. The total public and stat...

Wednesday, January 26

The NBU might raise the discount rate to 11% in March.

The NBU might raise the discount rate to 11% in March. The National Bank of Ukraine (NBU) plans to increase the discount rate by 100 basis points in March to 11% per annum from the current 10%, said First Deputy Chairman of the NBU Kateryna Rozhkova. Acc...

The Ministry of finance sold bonds for UAH 2.8B.

The Ministry of finance sold bonds for UAH 2.8B. At an auction on January 25, the Ministry of Finance sold domestic loan bonds worth UAH 2.846B: 3-month bonds for UAH 2.842B and 1.5-year bonds for only UAH 4M. The Ministry of Finance proposed the p...

Tuesday, January 25

Ukrainian Eurobonds and stocks collapsed again on Monday.

Ukrainian Eurobonds and stocks collapsed again on Monday. Ukraine’s dollar-denominated Eurobond, which stabilized in the middle of last week after three days of sharp falls, fell again by 2.4-4.4% on Monday following negative news that predicts an inc...

The government expects to review the IMF program in February

The government expects to review the IMF program in February , stated at a briefing following a National Security and Defense Council meeting by Prime Minister Denis Shmygal, reported Ukrinform. “We are waiting for the next revision of the current program...

The National Bank of Ukraine bought $20M on the interbank market.

The National Bank of Ukraine bought $20M on the interbank market. For the first time since the beginning of the year, the National Bank bought $20M on the interbank market, while the regulator sold $321M during the week of January 17-21. The regulator made the enti...

Gold and foreign exchange reserves of Ukraine are at $30.1B.

Gold and foreign exchange reserves of Ukraine are at $30.1B. Ukraine’s gold and foreign exchange reserves are at one of the highest historic levels, which allows it to maintain stability in the foreign exchange market, where the exchange rate fluctuates ...

The First Ukrainian International Bank (FUIB) is entering the brokerage business.

The First Ukrainian International Bank (FUIB) is entering the brokerage business. First Ukrainian International Bank, owned by Rinat Akhmetov, is working to make it easier for its clients to buy shares in foreign companies, reports epravda. The stock trading model that the FUIB w...

The largest Ukrainian agricultural holdings lost up to 17% in one week.

The largest Ukrainian agricultural holdings lost up to 17% in one week. The share prices of eight Ukrainian agricultural holdings last week (January 14-21) fell from 2.2% to 16.7%, reported Interfax. The securities of the IMK group of companies fell by 16.7%, Astarta by ...

Monday, January 24

An affordable loan program for the mechanical engineering sector is underway.

An affordable loan program for the mechanical engineering sector is underway. The President’s Office plans to launch a similar program, “Affordable Loans 5-7-9%” for the engineering sector, announced the Deputy Head of the Presidential Office, Rostislav Shurma...

The NBU will establish a specialized financial court.

The NBU will establish a specialized financial court. The National Bank of Ukraine (NBU) believes that establishing a specialized financial court is the right way to provide an independent and effective judiciary in financial disputes, said the chairm...

Friday, January 21

National Bank raises the discount rate to 10%.

National Bank raises the discount rate to 10%. The Board of the National Bank of Ukraine has decided to increase the key policy rate to 10% per annum. As many of the pro-inflationary risks have materialized, tighter monetary policy is needed to im...

Thursday, January 20

Bankers expect the NBU to raise rates to 9.5%.

Bankers expect the NBU to raise rates to 9.5%. According to most bankers interviewed by Interfax-Ukraine, on January 20, the National Bank of Ukraine (NBU) might increase the discount rate by 50 basis points (bp) to 9.5% per annum. “Increase...

Ukrainian Eurobonds are recovering from a sharp fall.

Ukrainian Eurobonds are recovering from a sharp fall. On Wednesday, January 19, quotations of Ukrainian foreign government bonds resumed growth after several days of significant decline, reported epravda. Thus, quotes for all issues of Ukrainian Eurobond...

Ukravtodor will attract state guarantees for UAH 20B.

Ukravtodor will attract state guarantees for UAH 20B. The Cabinet of Ministers has allowed the state road agency Ukravtodor to secure loans under state guarantees of up to UAH 20B ($714M) with a loan term of 15 years. In total, Ukravtodor plans to raise ...

Wednesday, January 19

Revenues of local budgets in 2022 are expected to be UAH 437B ($15B),

Revenues of local budgets in 2022 are expected to be UAH 437B ($15B), which is UAH 87B ($3B) more than last year, announced the Deputy Minister of Community and Territorial Development, Vyacheslav Negoda. This boost is mainly associated with a 4% increase in personal in...

Oschadbank launched a smartphone cash register.

Oschadbank launched a smartphone cash register. State-owned bank Oschadbank has launched its software for receiving payments via the OschadPAY mobile app. The bank offers a single tariff for using OschadPAY – 1.7%. This is the first Ukrainian...

The State Financial Monitoring Service (SFMS) detected suspicious transactions worth UAH 135.4B ($4.82B)

The State Financial Monitoring Service (SFMS) detected suspicious transactions worth UAH 135.4B ($4.82B) . In 2021 the SCFM sent 1,170 cases to law enforcement agencies. In those cases, the number of financial transactions that may be related to money laundering and the commission of a criminal offense w...

Tuesday, January 18

Kyiv customs in 2021 increased the cash flow to the state budget by 20%.

Kyiv customs in 2021 increased the cash flow to the state budget by 20%. In 2021, entrepreneurs during the conduct of foreign economic operations in Kyiv customs paid to the State Budget of Ukraine UAH 138.4B ($4.9B) in customs payments. According to the State Customs Se...

ArcelorMittal paid UAH 14.6B in taxes and fees last year.

ArcelorMittal paid UAH 14.6B in taxes and fees last year. In 2021, PJSC ArcelorMittal Kryvyi Rih (AMKR) paid UAH 14.6B ($521M) in taxes and fees to all levels of the budget, which is 2.3 times more than the total amount of tax payments for 2020 (UAH 6.4B). I...

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...

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