The EIB is preparing a pilot project to finance social housing construction in Ukraine and will provide €400M. According to EIB representative Grzegorz Gajda, the initiative will be accompanied by an EU grant contribution. “As part of the project, social housing will be developed in several cities in Ukr... #EIB #HousingConstruction #RealEstateUkraine #RentalHousing #SocialHousing #UkraineRecovery
Ukraine has a significant imbalance between exports and imports, how does this affect the dollar exchange rate? Oleh Hetman, the Economic Expert Platform’s coordinator of expert groups, notes that because the exchange rate is not free-floating but in in a state of controlled flexibility, the national bank... #currencyexchange #nbu #OlehHetman #UkraineEconomy #UkraineExport #UkraineImport #Ukrainetradedeficit
The largest banks in Ukraine have agreed on preferential lending to restore energy infrastructure; they will finance projects up to €25M. During a banking forum, 17 of Ukraine’s largest banks signed a memorandum on preferential lending for energy infrastructure restoration projects. The memorandum was signed by banks whose net ass... #EnergyRestore #Lending #LoansforBusiness #PiraeusBank #PiraeusBankUkraine #RenewableEnergy #UkraineEnergy #UkrainianBanks
Ukraine signed a €27B loan agreement with the EU under the Ukraine Facility program. Ukraine and the European Commission have signed a credit agreement within the Ukraine Facility program, which will provide €27B in loans from 2024-2027 to finance the state budget deficit. The Nationa... #EuropeanCommission #financialaidforUkraine #LoanForUkraine #nbu #SupportUkraine #UkraineFacility
Earnings from Ukrainian enterprises reached a 10-year record of $19.8B. The cumulative financial result of Ukrainian enterprises for 2023 amounted to more than ₴863.8B (about $19.8B). This is the best indicator in the last 10 years, said Danylo Hetmantsev, Head of the par... #businessinukraine #DanyloHetmantsev #UkraineCompaniesProfit #UkrainianEnterprises
Ukraine owes green power generation investors about $711.2M. The state enterprise Guaranteed Buyer is ₴28.9B ($711.19M) in arrears to renewable energy investors under its green tariff obligations. As reported by the state-owned enterprise, the debt is a consequ... #energyukraine #GreenEnergyUkraine #GuaranteedBuyer #GuaranteedBuyerDebt #RenewableEnergy #Ukrenergo
Ukrainians are increasing their bank account deposits, leading to a ₴31.3B increase in five months. Since the beginning of 2024, the increase in consumer deposits amounts to ₴31.3B, the Deposit Guarantee Fund reported. In particular, it is clarified that as of June 1 the total amount of deposits bel... #BankDepositsinUkraine #financeUkraine #HryvniaDeposits #UkrainianBanks
The EU will start arming Ukraine with money earned from Russian assets. On June 24, EU countries approved the first tranche of military aid to Ukraine, about €1.4B, which will come from the proceeds of frozen Russian assets. The funds will be used to purchase equipment su... #G7 #HungaryVeto #JosepBorrell #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #WeaponsforUkraine
Ukrainian bankers predict a further key policy rate decrease to 12%. Seven members of the Monetary Policy Committee of the National Bank have reported the potential to cut the key rate to 12-12.5% by the end of the year, given that the risks to the inflation forecast... #financeUkraine #InterestRate #KeyPolicyRate #nbu #UkraineBankingSystem #UkraineEconomy
Ukrainian startups should focus on dual-purpose developments, and to attract investment from large funds; Ukraine should optimize its legislation. The head of the Ukrainian Association of Innovative Companies (UAFIC), Rostyslav Dyuk, said that at the beginning of the full-scale war, all startup funding was frozen because the money went to the co... #RostyslavDuyk #StartUpinvestments #UAFIC #UkrainianStartUP
By the end of the year, Ukraine will receive at least $65B from the US, the G7, the EU, and the IMF. The Ukrainian government expects to receive $7.9B in credit support from the US, Minister of Economy Yuliya Svyrydenko said. At a meeting of the Economic and Financial Affairs Council, the EU finance ... #EFFprogram #financialaidforUkraine #imf #LoanForUkraine #RussianAssetsConfiscation #UkraineBudget2024 #UkraineFacility
By the end of the year, Ukraine needs another $9.5B for urgent recovery. According to the Ministry of Finance, Ukraine needs another $9.5B this year to finance its priority recovery needs. In particular, the money is needed for the defense industry, the energy system, rest... #financialaidforUkraine #SupportUkraine #UkraineBudget2024 #UkraineFacility #UkraineRecovery
Ukraine’s banking regulator names the key risks to financial stability in the banking market. Banks in Ukraine have maintained financial stability and their clients’ trust while increasing lending and their participation in financing the budget deficit, the NBU reported. The regulator states t... #ConsumerLending #financeUkraine #LoansforBusiness #nbu #UkraineBankingSystem #UkraineEconomy
Bankers predict an interest rate decrease for business loans in Ukraine. Following the NBU’s reduction of the discount rate to 13% and the introduction of its lending strategy, banks will be able to significantly reduce interest rates on loans for enterprises in strategic ... #CreditPortfolio #financeUkraine #GlobusBank #InterestRate #LoansforBusiness #URC2024
Denmark provides another $170M to support Ukrainian arms manufacturers, allowing them to cover the military’s urgent needs quickly. Denmark will make a second, DKK 1.2B ($170M) contribution within the framework of the ZBROYARI: Manufacturing Freedom initiative, Minister of Strategic Industry Oleksandr Kamyshin said. According to t... #AlexanderKamyshin #DefenseIndustryUkraine #Denmark #F16 #WeaponsProduction #ZBROYARI
Ukrainian eurobonds drop in value following creditors’ refusal to write part of the debt off. The value of Ukrainian Eurobonds fell during trading on June 17, showing one of the worst performances for emerging markets. The country’s eurobonds weakened across the curve, with bonds maturin... #DebtRestructuring #Eurobond #financeUkraine #SerhiyMarchenko #UkraineBond #UkraineBudget
Japan will provide $188M in grants to Ukrainian businesses and hold a conference on demining Ukraine. The Ministry of Economy and the United Nations Industrial Development Organization (UNIDO) has launched a project to transfer Japanese technologies to Ukraine, which Japan will fund. As part of the in... #DeminingUkraine #GrantsForBusiness #Japan #SupportBusiness #UMAC2024 #UNIDO
The EBRD will finance 50% of the merger between Ukrainian telecom operators. The EBRD will provide $217.5M, half of the $435M allocated jointly with the IFC, to finance the creation of a combined company, Datagroup-Volya and Lifecell, following the completion of the purchase a... #Datagroup #ebrd #LifeCell #NJJCapital #Turkcell #UkraineTelecome
The EU will not finance a $50B loan to Ukraine, so who will provide the funds, and what are the risks? Italian Prime Minister Giorgia Meloni explained that EU countries are not planning to participate directly in the $50B loan that the G7 plans to provide to Ukraine through the proceeds from frozen Rus... #G7 #GiorgiaMeloni #LoanForUkraine #ReparationsForUkraine #RussianAssets #VitalyVavryshchuk
Ukraine has not agreed with its creditors on Eurobond restructuring terms. Ukraine and a special committee of creditors, representing the owners of almost 20% of Ukraine’s Eurobonds, negotiated between June 3 and 14 and exchanged restructuring proposals. However, according t... #Creditors #DebtRestructuring #Eurobond #imf #UkraineBond
The G7 officially announced a $50B loan secured by Russian assets for Ukraine. Following the summit, the G7 leaders adopted a declaration outlining the details of the mechanism through which Ukraine will receive up to $50B in aid secured by frozen Russian assets. The leaders of ... #G7 #LoansForUkraine #ReparationsForUkraine #RussianAssetsProfits #SerhiyMarchenko #UkraineBudget
These are the details of the G7’s agreement to loan Ukraine $50B. The G7 countries have agreed on a loan structure based on the respective size of their economies that will provide Ukraine with about $50B in new aid, which will begin to arrive by the end of the year... #G7 #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine
The World Bank maintains Ukraine’s economic growth forecast for the current year and provides $109M in grant funding. The World Bank predicts the growth of the Ukrainian economy to be 3.2% in 2024, according to the bank’s June report, Global Economic Prospects 2024. In January, the forecast was identical. The b... #GrantsforUkraine #HOPEproject #REPowerEU #UkraineEconomicForecast #UkraineEconomy #worldbank
The world’s largest insurance broker announced an unprecedented $350M war risk insurance program in Ukraine. Insurance company Aon announced the launch of an $350M war risk insurance program in Ukraine during URC2024. It is designed to simplify Ukraine’s attraction of foreign investment during the war.... #AON #ARX #DFC #MilitaryRiskInsurance #ScottNathan #URC2024
The parliament explains how Ukraine could cover its budget deficit. Due to military expenses, a deficit has formed in the state’s budget. Ukraine spent 43% of the planned annual defense budget in just four months. According to the Chairman of the Parliament’s Fi... #BudgetDeficit #DanyloHetmantsev #UkraineBond #UkraineBudget2024 #WarExpensesUkraine
The Ukrainian parliament says that the government is preparing to raise taxes. Chairman of the Verkhovna Rada Committee on Finance Danylo Hetmantsev said that the Cabinet of Ministers is preparing proposals to raise certain taxes. This is because the Ministry of Defense needs an... #DanyloHetmantsev #TaxesUkraine #UkraineBudget2024 #UkraineBudgetDeficit #WarExpensesUkraine
The EU will provide Ukraine with €517M in reconstruction funding through EBRD programs. The EU will guarantee €140M for the EBRD Financial Inclusion Recovery Program. At the same time, the bloc will offer €30M in blended grants and €7M in technical assistance under the wartime SME financ... #ebrd #financialaidforUkraine #GrantsforUkraine #UkraineReconstruction #UkraineRecovery
The G7 will create a fund for Ukraine using income from frozen Russian assets. Nikkei reported that the G7 plans to create a new fund to support Ukraine through grants, using future income from frozen Russian assets. The World Bank will administer the fund and be funded by contr... #Euroclear #G7 #RussianAssets #RussianAssetsProfits #SupportUkraine
The G7 still hasn’t agreed on a mechanism for using profits from Russian assets to help Ukraine. At the G7 Summit in Apulia, Italy, on June 13-15, the leaders of the member countries hope to agree on using profits from Russian assets frozen in the West to provide Ukraine with budget support and h... #G7 #LoansForUkraine #RussianAssetsArrested #RussianAssetsProfits #SupportUkraine
For the first time, a Ukrainian furniture exporter receives a financial guarantee for the transit of goods through 35 European countries. The largest furniture exporter from Ukraine, the Accord company, became the first to take advantage of a new mechanism to issue financial guarantees for customs operations while transporting goods thr... #Accord #CustomsVisaFree #FinancialGuarantee #FurnitureExport #RaiffeisenBank #UkraineExport
The World Bank has provided Ukraine with $34B in direct budget support and will help modernize its housing policy according to EU standards. According to the Ministry of Finance, since the beginning of the full-scale invasion $34B in direct budget support has been obtained within the framework of World Bank mechanisms. In 2022-2023, five n... #HousingModernization #SupportUkraine #UkraineBudget2024 #UkraineRecovery #worldbank
The EU is discussing using funds from the bloc’s budget to guarantee a loan to Ukraine but is leaning toward the US proposal. The European Commission is deliberating the use of future interest from frozen Russian assets to fund a multi-billion-dollar loan to Ukraine and guaranteeing this money through a seven-year EU budge... #G7 #LoansForUkraine #RussianAssets #RussianAssetsProfits #SupportUkraine #UkraineBudget2024
Ukraine has finally ratified the agreement with the EU on financing under the Ukraine Facility program: it is expected to attract €1.89B in June. Ratification of the agreement will include the necessary control and audit mechanisms for the €50B instrument that is in place from 2024 through 2027, subject to the successful implementation of the P... #EuropeanIntegration #FightingCorruptioninUkraine #financialaidforUkraine #SupportUkraine #UkraineFacility
The National Bank has summarized the economic results for April-May. Here are the leading indicators: Inflation in April remained the same as in March – 3.2% annually. This was facilitated by a drop in prices for raw food products and persistent inflationary expe... #BusinessExpectation #InflationinUkraine #nbu #UkraineBudget2024 #UkraineEconomy #UkraineForeignTrade
Ukraine’s state budget revenues have been decreasing for four months in a row. In May 2024, the general fund of the state budget received ₴151.8B, which is less than in February, March, and April, the Ministry of Finance notes. According to the results from the five completed mo... #financialaidforUkraine #SupportUkraine #TaxesUkraine #ukrainebonds #UkraineBudget2024 #ukrainedebt
Where will Ukrainian energy companies direct ₴50B in revenue from increased electricity tariffs? Analysts have calculated that the increase in consumer electricity prices will generate an additional ₴50B for state energy companies Energoatom and Ukrhydroenergo in 2024. The tariff increase will al... #Energoatom #EnergyInfrastructure #EnergyTariffs #energyukraine #Ukrhydroenergo
Ukraine needs an external financing plan until 2027. To overcome macroeconomic risks and maintain macroeconomic stability, Ukraine and its partners from the Donor Coordination Platform must develop a long-term strategy for external financing and support... #financialaidforUkraine #ReformsinUkraine #UkraineBudget2024 #UkraineEconomy #UkraineRecovery
Businesses are being offered grants for innovative production and to move their operations to safer regions. EIT Manufacturing Accelerate is a program that helps scale and accelerate the transformation of industrial start-ups into influential players in the European manufacturing ecosystem. The program suppo... #BusinessInnovation #BusinessRelocation #ebrd #EITmanufacturingAccelerate #EU4Business #GrantsForBusiness #SupportBusiness
In the first quarter, the profits from large and medium Ukrainian businesses reached ₴319.6B, and the share of unprofitable enterprises decreased to 26.7%. According to the State Statistics Service, large and medium-sized enterprises generated a positive financial result before taxation for the first quarter of 2024. It amounted to ₴253.6B, compared to ₴... #UkraineCompaniesProfit #UkraineIncome #ukrainianbusiness #UnprofitableEnterprises
The G7 and the EU are working on restrictions for international banks that assist Russia. G7 countries and the EU are studying ways to increase pressure on banks from third countries that help the Russian Federation circumvent sanctions. Currently under discussion are restrictions aimed at... #circumventionOfSanctions #EuropeanBanks #G7 #RussianBanks #SanctionsAgainstRussia #SWIFT
The State Bank of Ukraine will provide exporters with loans of up to ₴10M covered by ECA insurance. PrivatBank and the Ukrainian Export Credit Agency (ECA) will finance exporting producers to purchase raw materials and equipment. The ECA will insure the bank’s risk for loans granted to fund th... #BusinessSupport #ECA #KredoBank #LoansforBusiness #PrivatBank
Ukraine and the US have agreed on financial assistance in the form of a loan. The Cabinet of Ministers of Ukraine approved an agreement between Ukraine and the US on attracting financial aid for the Ukrainian budget within a support package totaling more than $60B. Economic ass... #LoansForUkraine #SupportUkraine #UkraineBudget2024 #USfinancionaidforUkraine
The US hopes Ukraine will restructure its debt by autumn. The US hopes that Ukraine will be able to reach an agreement with private creditors on debt restructuring by September 1, US Deputy Treasury Secretary Wally Adeyemo while in Kyiv. “This is one o... #CompensationForUkraine #DebtRestructuring #imf #IrynaMudra #ukrainedebt #WallyAdeyemo
Ukraine begins to insure investors against military and political risks. Export credit agencies (ECA) have started accepting applications for investment insurance against military and political risks. The agency will offer two insurance products – direct investment insuran... #ECA #InsuranceUkraine #MilitaryRiskInsurance #PoliticalRisk #UNITYinsurance #WarRisks
The EBRD will support Ukraine with €1.5B annual contributions until the end of the war. The European Bank for Reconstruction and Development has provided €4B in project financing across all sectors of Ukraine’s economy since the beginning of the full-scale invasion and will continu... #AnnaLebedynets #ebrd #financialaidforUkraine #InsuranceUkraine #SupportUkraine
The world’s debt has already exceeded $315T and continues to grow. According to the Institute of International Finance (IIF), global debt reached $315T in the first quarter of 2024, almost three times more than the expected global GDP of $109T in 2024. The world has ... #BankLoans #GlobalEconomy #GlobalGDP #WorldDebt
Ukraine’s allies are working on another option for financing aid – a “reparation loan.” In addition to confiscating Russian assets or lending money to Kyiv using these assets, there is a third option – a so-called reparation loan. Under this approach, Ukraine could borrow money fro... #LeeC.Buchheit #ReparationLoan #ReparationsForUkraine #RussianAssets #UkraineRecovery
These are the main trends in Ukraine’s bank deposits. According to financiers, the decreasing yields on hryvnia deposits will continue until the end of May. However, despite this, hryvnia deposits remain attractive to citizens due to their passive income... #financeUkraine #ForeignCurrencyDeposits #HryvniaDeposits #nbu
The largest pharmaceutical company in Ukraine received €12M from Ukrainian and Latvian banks to construct a plant in Spain. Thanks to the West Bridge program, Ukrainian businesses continue to develop in EU countries. Another of the program’s significant projects is financing a new pharmaceutical plant for the largest Ukrai... #BusinessDevelopment #Farmak #LoansforBusiness #PharmaceuticalCompany #PivdennyWestBridge #ukrainianbusiness
Ukraine agrees on the next steps with the IMF mission and expects three more tranches totaling $4.5B this year. The Ukrainian government has synchronized with the mission of the IMF in further joint steps to restore economic growth and carry out reforms. The key areas are the restoration and decentralization of... #EFFprogram #imf #ReformsinUkraine #UkraineFacility
