What is happening with prices in Ukraine and what should we expect by the end of the year? Consumer inflation in July slowed to 14.1% annually compared to July of last year, and compared to June, prices even decreased by 0.2%. The actual inflation numbers turned out to be lower than the NBU... #BohdanDanylyshyn #InflationinUkraine #nbu #pricesinUkraine #UkraineEconomy #UkraineMonetaryPolicy
In the first six months of the year, the Ukrainian IT industry exported almost half of the total volume of services. According to the NBU, in the first half of 2025 Ukraine exported various types of services totaling $7.6B – this is 10.9% less than in the same period last year. Despite the overall reduction, the sha... #GreatBritain #InformationTechnology #ITexport #Malta #nbu #UkraineExport #UkrainianITcompany
Ukraine and the IMF are developing a new credit program because the current one no longer meets Ukraine’s needs. Ukraine, along with the IMF, is shaping the framework and direction of this new program, which may replace the existing one. The NBU is in the middle of negotiations, said Andriy Pyshny, chairman of t... #AndriiPyshnyi #imf #nbu #SupportUkraine #UkraineRecovery #YuliaSvyrydenko
The NBU has introduced a new set of measures to ease currency restrictions for businesses that took effect on August 6. The new package aims to provide incentives and opportunities for businesses without creating significant additional demand in the Ukrainian currency market, the NBU stated. The new measures are as fol... #CurrencyLiberalization #CurrencyMarket #financeUkraine #nbu
Imports of agricultural products to Ukraine have risen by 10% over the year. From January to June 2025, Ukraine imported $4.26B worth of agricultural products, which is $398M more than during the same period last year. The main suppliers remain the EU countries, accounting for... #AgroHarvestUkraine #AgroImportUkraine #agroUkraine #Harvest2025 #nbu #VegetablesImport
The high yield of hryvnia instruments has contributed to an increase in savings among Ukrainians. Lending to businesses and individuals also grew actively. Maintaining the discount rate at 15.5% in the second quarter of 2025 supported high yields from hryvnia instruments and encouraged demand from the public. At the same time, this did not hinder the act... #BankDeposits #financeUkraine #Hryvnia #Lending #nbu #OVDP
Ukraine is expected to continue losing population through emigration until 2027, with an additional 400,000 citizens anticipated to leave. The National Bank of Ukraine projects that the net migration outflow this year will be around 200,000 people. According to the bank’s inflation report, migration outflows are forecasted to conti... #Migration #nbu #RefugeesFromUkraine #RepatriationInUkraine #UkrainePopulation
The NBU has a contingency plan for a potential external financing shortfall in 2026-2027. According to Deputy Chairman Serhiy Nikolaychuk, if international assistance proves insufficient, the National Bank, together with the Ministry of Finance, is preparing to implement alternative mechan... #ExteranalFinancing #nbu #SerhiyNikolaychuk #UkraineBudgetNeeds
The National Bank of Ukraine has kept its key rate at 15.5% for the third consecutive meeting, as announced on its website. The central bank explained that there’s no room to lower interest rates after bad weather caused damage to crops, while increased Russian air attacks continue to hurt bus... #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomicForecast #UkraineEconomy #YuliaSvyrydenko
The NBU is developing new solutions for currency liberalization. The central bank will work on reforms aimed at expanding incentives for businesses to attract capital to Ukraine, NBU Chairman Andriy Pyshnyy said. He explained that the logic behind currency liberali... #AndriiPyshnyi #CurrencyLiberalization #financeUkraine #investments #nbu
The NBU believes that inflation has already peaked for this year and has started to decline. According to Andriy Pyshnyy, the head of the National Bank of Ukraine, inflation reached its peak as expected in May and began to decrease in June, amounting to 14.3% year-on-year. At the same time, i... #AndriiPyshnyi #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
Ukrainian banks are planning to ease lending conditions for households and businesses. According to the NBU, Ukrainian banks have eased lending standards for households for the fifth consecutive quarter and for businesses for the first time since the third quarter of 2024. In the second... #BankingUkraine #Lending #LoansforBusiness #MortgageProgram #nbu #UkrainianBanks
Banks forecast a rise in capital inflows from consumers and businesses. According to a survey of banking market players by the NBU, banks increased their customer acquisition and wholesale funding in the second quarter. The rise in the average cost of funding in the secon... #financeUkraine #nbu #UkraineEconomicForecast #UkrainianBanks
Ukrainians have accumulated a record amount of funds in banks. According to the latest data from the NBU, the total amount of funds deposited by individuals in bank accounts in hryvnia and foreign currency increased by 2.5% in June, reaching a record high of near... #BankDeposits #financeUkraine #ForeignCurrencyDeposits #HryvniaDeposits #InterestRate #nbu #UkrainianBanks
The Ministry of Finance raised approximately ₴240B from government bond sales in six months. In June 2025, Ukraine issued ₴37.1B ($880M) in bonds with the main purpose of these funds being security and defense. As of July 1, over ₴1.84T worth of government bonds were in circulation. The large... #BondSalesUkraine #financeUkraine #nbu #OVDP #UkraineBond #UkraineSecurities
Inflation in Ukraine has started to slow, but it is eroding more than 50% of salary growth. Inflation peaked in May 2025 and began to decline in June, according to the NBU’s Macroeconomic and Monetary Review. In May, consumer inflation accelerated to 15.9% annually due to a larger-than... #InflationinUkraine #nbu #SalaryUkraine #UkraineEconomy
Mortgage lending increased by 5% in April. Ukrainian banks issued 458 mortgage loans totaling ₴834.8M in April, a 5% increase from March, according to NBU data. Specifically, 261 loans for ₴492.3M were granted in the primary real estate market... #AffordableMortgages #eOselya #MortgagesUkraine #nbu
Ukraine plans to incentivize the development of the defense industry. Draft laws on Defence City are being registered in the Verkhovna Rada, creating a special legal regime for taxation and state support of defense-industrial complex enterprises, similar to the existing... #DanyloHetmantsev #DefenceCity #DefenseIndustryUkraine #nbu #VerkhovnaRada #WeaponsProduction
Commercial real estate in Ukraine faces war-related risks. In the retail sector, all activity indicators are improving with consumer activity and shopping center attendance rising. Trade turnover is growing, increasing income for shopping center landlords. Ad... #CommercialRealEstate #nbu #officeRealEstate #ShoppingMallsUkraine #Warehouse
The NBU predicts a 20-25% increase in lending this year, with banks utilizing ₴1T in resources. As reported by Kateryna Rozhkova, Deputy Head of the National Bank, it is expected that bank loan portfolios will grow by approximately 20-25% this year, which would balance investments in government ... #financeUkraine #KaterynaRozhkova #Lending #LoansforBusiness #nbu #UkrainianBanks
In the second half of the year, bank lending rates may return to last year’s levels of 17-18% per annum. Under favorable economic conditions, rates on auto loans, loans for small and medium-sized businesses, and mortgages may align with the 2024 level: They are expected to decrease by an average of one p... #financeUkraine #InterestRate #LendingInUkraine #nbu #UkraineMonetaryPolicy #UkrainianBanks
The NBU will resume reductions in the key policy rate in the second half of the year. Members of the Monetary Policy Committee of the National Bank are considering the possibility of easing the interest rate policy in the second half of 2025. However, given the balance of risks, they a... #financeUkraine #InflationinUkraine #KeyPolicyRate #nbu #UkraineMonetaryPolicy
Ukrainian banks have earned almost ₴255B during the 3.5 years of war. According to the NBU, in the first quarter of 2025 the banking sector reported ₴40B ($955M) in profit, with state-owned banks, including PrivatBank, generating 65.7% of this amount. Last year, banks a... #financeUkraine #LoansUkraine #nbu #OVDP #UkraineBanksProfits #UkraineDeposits #UkrainianBanks
Ukrainians boosted their investments in hryvnia deposits and amassed a record amount of savings in May. The funds placed by individuals in bank accounts in both hryvnia and foreign currency increased by 0.8% in May to reach a record ₴1.266T. According to the NBU, since the beginning of the year the volu... #BankDeposits #financeUkraine #HryvniaDeposits #nbu #UkrainianBanks
Why are prices increasing in Ukraine, and what can we anticipate next? During April and May, consumer prices in Ukraine continued their ascent. According to the NBU, inflation in May reached a peak that was higher than expected; yearly inflation surpassed 15% in May. The... #InflationinUkraine #nbu #SerhiiNikolaychuk #UkraineEconomicForecast #UkraineEconomy
The NBU’s currency restrictions significantly impede investment in Ukraine. While the ongoing full-scale war is the primary cause for the drop in foreign investment Ukraine has experienced, there are additional barriers at play, according to Oleksandr Vodoviz, a senior execut... #CurrencyRestrictions #DanyloHetmantsev #InvestmentsinUkraine #Metinvest #nbu #OleksandrVodoviz #ukrainianbusiness
Businesses have reported positive assessments of their activities across all sectors. According to the NBU, in May businesses delivered positive evaluations of their own economic performance. For the first time since May 2024, enterprises from all sectors anticipated growth. In May 202... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy #ukrainianbusiness
Ukraine’s economy will continue to slow down. The growth of Ukraine’s economy slowed in the first quarter of the year and the main reason for that is the war, said Danylo Hetmantsev, chairman of the parliamentary finance committee. He recal... #DanyloHetmantsev #GDPinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
Bankers and financiers assessed the sector’s stability as the best since 2021. The assets held by the non-banking financial sector increased by 4.6%. The heads of the largest banks and non-banking financial institutions reported positive evaluations of the current state and stability of the financial sector, noting its best condition since 2021. Me... #BankingUkraine #financeUkraine #InsuranceUkraine #nbu #UkraineEconomy
The IMF initiates a new EFF program review with Ukraine with $487M at stake. On May 20, the IMF began its mission for the eighth review of the Extended Fund Facility (EFF) for Ukraine. The previous day, a foundational meeting was held with representatives from the National Ban... #EFFprogram #imf #IMFStructuralBeacons #nbu #ReformsinUkraine #SupportUkraine
Business lending in Ukraine is on the rise, propelled by farmers and builders. The Banking Sector Review for Q1 2025 shows that banks are increasing the pace of business lending while also extending loans to the consumers. As a result, the growth of the net commercial hryvnia lo... #financeUkraine #Lending #LoansforBusiness #nbu #NPL #UkrainianBanks
More than a third of Ukrainian bank deposits are held in foreign currency, despite their lower profitability. According to the NBU, as of April 1 ₴1.392T was held in banks and protected by the Deposit Guarantee Fund (DGF). Since the start of the year, this amount has hardly changed (+₴0.6B). Meanwhile, in 60 ... #BankDeposits #DepositGuaranteeFund #financeUkraine #nbu #UkrainianBanks
Ukraine isn’t concerned about potentially missing a payment on GDP warrants, even with the risk of default. During a recent meeting with investors in London, Government Commissioner for Public Debt Management Yuriy Butsa emphasized that Ukraine will not hasten to restructure the 2015 government derivatives ... #DebtRestructuring #financeUkraine #GDPwarrants #nbu #UkraineSecurities
Dragon Capital has updated its macroeconomic forecast to reflect a potential peace agreement. Ukraine’s real GDP growth in 2025 could accelerate to 3.5-5.5% if Ukraine and Russia reach an agreement on a long-term ceasefire. If the war continues, Ukraine’s economic growth will slow ... #DragonCapital #GDPinUkraine #Hryvnia #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
The NBU has eased currency restrictions to encourage foreign investment. The National Bank has launched a “stimulating currency liberalization” aimed at attracting foreign capital to Ukraine. Its essence is to create a mechanism that will encourage foreign inve... #CurrencyLiberalization #CurrencyRestrictions #financeUkraine #investments #nbu
Ukrainian companies’ debt reduction exceeded foreign direct investment by 200%. Ukrainian businesses reduced their net debt over 2022-2024 by increasing their liquid funds and deposits and reducing debt to Ukrainian banks by $21B, which is 200% more than foreign investment over t... #ConcordeCapital #investments #nbu #UkraineEconomy #ukrainianbusiness
In April, businesses evaluated their current economic activity more cautiously, approaching a neutral level, according to the NBU Business Activity Expectations Index (BAEI). Among the reasons for the weakened assessments indicated by respondents are significant declines in weather conditions, ongoing uncert... #BusinessExpectation #nbu #UkraineBusinessActivity #UkraineEconomy #ukrainianbusiness
What are the possible consequences of reducing Ukraine’s financial assistance? If Ukraine’s budget gap increases in the next two years and the situation with external financing does not improve, a large-scale reduction in the NBU’s reserves and a sharp devaluation of... #BudgetDeficit #hryvniadevaluation #nbu #UkraineBudget2025 #ukrainedebt #UkraineEconomy
The EU and Ukraine are exploring ways to secure reparations from Russia. Rebuilding Ukraine after the Russian-instigated war will be costly, with current estimates around £400B. As part of a peace deal advocated by US President Donald Trump, £225B ($300B) of Russian state ... #DenysShmyhal #nbu #ReparationsForUkraine #RussianAssetsConfiscation #UkraineRecovery
After altering the terms of the preferential mortgage program to favor developers, loan issuance fell by 33%. In February 2025, Ukrainian banks issued 516 mortgage loans totaling ₴926M, which is 7% higher than the mortgage lending volume in January. However, this amount is a third less than in February of las... #eOselya #MortgageProgram #MortgagesUkraine #nbu #PrimaryHousing #RealEstateUkraine
The price for one ton of Ukrainian agricultural exports has increased by 40% compared to 2024. According to the Ministry of Agrarian Policy, the price of a ton of Ukrainian agricultural exports increased from $315 in 2024 to $443 in April 2025. This growth is attributed to a rise in exports of ... #agroexportukraine #agroUkraine #GrainHarvestUkraine #nbu #VitaliyKoval
Business expectations improved in the first quarter of the year, with more than a third of companies ready to invest. In the first quarter of 2025, the Business Expectations Index (BEI) for Enterprises rose to 108.2%, up from 101.8% in the fourth quarter of 2024. The NBU noted that hostilities and their consequences ... #investments #nbu #UkraineBusinessActivity #UkraineBusinessExpectation #UkraineEconomy #ukrainianbusiness
The National Bank of Ukraine keeps the discount rate unchanged at 15.5%. The Board of the NBU has decided to hold the discount rate steady at 15.5% to sustain the foreign exchange market’s stability, control inflation expectations, and gradually reduce inflation to t... #InflationinUkraine #KeyPolicyRate #nbu #UkraineEconomicForecast #UkraineEconomy #UkraineMonetaryPolicy
In March, Ukraine’s tax revenues surpassed their target by $1B. According to Finance Minister Serhiy Marchenko, this figure was made possible by a better-than-expected electricity supply during the winter, which enabled businesses to operate more consistently and ... #financialaidforUkraine #imf #nbu #SerhiyMarchenko #TaxesUkraine #UkraineBudget2025
Ukraine’s economy is expected to grow by 3%, while inflation is anticipated to slow significantly. ICU analysts observe that that the Ukrainian economy has shown modest growth since the third quarter of 2024, and predict a low probability of a substantial acceleration in recovery. The need to gradu... #Hryvnia #InflationinUkraine #nbu #UkraineEconomicForecast #UkraineEconomy
Ukrainians are investing in bank deposits and dollar-denominated government bonds. According to the first quarter’s results, the volume of hryvnia funds in individuals’ accounts increased by 0.6%. The NBU reports that this positive trend has continued for the seventh con... #BankDeposits #financeUkraine #investments #nbu #OVDP #UkraineBond
The National Bank of Ukraine has outlined the reasons for rising inflation in the country. In February 2025, both general and core inflation continued to rise in Ukraine. According to the NBU, inflation maintained its upward trend in March. The primary factors driving inflation’s acce... #ConsumerInflation #IndustrialInflation #InflationinUkraine #nbu #UkraineEconomy
Why did Ukraine’s economic recovery slow down last year compared to 2023? Ukraine’s real GDP grew by 2.9% in 2024. Although the economy experienced growth for the second consecutive year amid the full-scale war, the pace of recovery decelerated compared to 2023, when ... #GDPinUkraine #GVAukraine #nbu #UkraineEconomicForecast #UkraineEconomy
Last year, foreign investment in Ukraine decreased by 25%, despite the government’s expectation of a 20% increase. Ukraine’s inflow of foreign direct investment (FDI) in 2024 reached $3.33B, which is 25% ($1.16B) lower than 2023’s figure, as noted by Danylo Hetmantsev, the head of the Verkhovna Rada Co... #CurrencyRestrictions #DanyloHetmantsev #ForeignInvestor #investments #nbu
For the first time in 11 months, businesses have report positive expectations for their activities. In March, the Business Activity Expectations Index (BAEI) surpassed the neutral level for the first time in 11 months, registering at 51.8 compared to 46.9 in February 2025 (and 52 in March 2024). The... #BusinessActivityExpectations #nbu #UkraineBusinessActivity #UkraineEconomy #UkraineIndustry
