Two bills were signed on NBU independence by Verkhovna Rada Chairman Ruslan Stefanchuk. The first Bill No. 5853. The Budget Code of Ukraine to clarify the information provided by the National Bank of Ukraine (NBU) for the preparation of the B... #financeUkraine #nbu #RuslanStefanchuk
The National Bank kept the prime rate at 8.5% . “The decision is consistent with a reduction in inflation to 5% by the end of next year. In accordance with the baseline scenario of the updated macroeconomic forecast”, said the Head of the NBU, Kiri... #NationalBankofUkraine #nbu #NBUprimerate #PrimeRate2021
According to the Chairman of NBU, Kyrylo Shevchenko, the key risks for the Ukrainian economy, are a significant increase in quarantine and a larger than expected inflation surge. The growing incidence of Covid, and the low level of vaccination threaten Ukraine with a severe lockdown. Economic ... #KeyRisksforUkraine #KyryloShevchenko #nbu
The head of the National Bank of Ukraine to be replaced. President Volodymyr Zelensky wants to dismiss the head of the NBU, Kyryl Shevchenko. Andriy Yermak, who is the head of the President’s Office is looking for candidates to replace him. The upcomi... #KyryloShevchenko #nbu
The NBU bought $120 million of currency last week, reported the National Bank of Ukraine. Since the beginning of the year, the NBU has purchased $1.904 bln and sold $197 mln. It has strengthened the official exchange rate of hryvnia against the dollar... #NationalBankofUkraine #nbu
The Board of the National Bank of Ukraine met with G7 Ambassadors and the EU Delegation to Ukraine. In an announcement from the central bank’s press service, the NBU Governor and his deputies briefed the representatives of the international diplomatic community on the progress and results achi... #G7ambassadors #nbu #NBUandG7
Ukraine International Reserves amounted to $ 28.7 bln, reported NBU on October 1st. In September, reserves decreased by 9.2% due to the period of peak payments on external liabilities of the state. The current level covers 4 months of future imports, whic... #NationalBankofUkraine #nbu #NBU2021 #Ukrainereserves2021 #РезервибанкуУкраїни
The net profit of Ukrainian banks was valued at UAH 45.6 bln ($1.7 bln) in January-August 2021, which is UAH 13 bln ($0.48 bln) more than in the same period in 2020. This announcement which was posted by the NBU on its Telegram channel concluded that the 40% in... #NationalBankofUkraine #nbu #UkraineBanks #UkraineBanksProfits
NBU forecasts the key policy rate reduction in the second quarter of 2022. One of the main drivers of such inflation dynamics is the sustained high price level in the global commodity markets. Inflation in Ukraine’s MTPs also remains high, although in August there were signs... #nbu #PrimeRateinUkraine #PrimeRateReduction2022
NBU and the World Bank Framework Program of Cooperation for 2022–2025 have been discussed by Kyrylo Shevchenko and the World Bank Vice President, Anna Bjerde. During the meetings they have identified areas in which the World Bank can support reforms to the Ukrainian eco... #KyryloShevchenko #nbu #worldbank
NBU purchased $159M on the interbank foreign exchange market last week. The National Bank of Ukraine (NBU) purchased $159 million on the interbank foreign exchange market last week, according to the NBU between August 30 and September 3, 2021. The regulator also sold $7 m... #NationalBankofUkraine #nbu
During the upcoming Independence Day holiday, Monday Aug. 23 and Tuesday Aug. 24 are banking holidays , the National Bank of Ukraine announces on Facebook. To compensate for the loss of Aug. 23, Saturday, August 28 is a normal working day. #BankingDayUkraine #NationalBankofUkraine #nbu
Looking ahead, the Bank forecasts: “After peaking in the fall of this year, inflation will begin to slow as the new harvest arrives and global energy prices adjust.” In the second half of 2022, inflation will slow to 5%, the Bank has p... #nbu #NBUinterestrate
Politics also may have influenced the interest rate hike. In one year on the job, Kyrylo Shevchenko, the Governor of the National Bank of Ukraine, has presided over the departure of one third of top officials at the bank. On Tuesday, the Financial Times repo... #KyryloShevchenko #nbu #NBUinterestrate
In the Rada’s latest move to meet IMF requirements, Ukraine’s parliament yesterday approved legislation to strengthen the independence of the central bank and expand its regulatory powers. Government members are not to attend Board meetings of the Nati... #imf #nbu
In the latest turmoil at the central bank, the nine top leaders of the licensing department quit en masse yesterday, charging a lack of transparency and autonomy under the new governor who took over one year ago. “Today, the National Bank of Ukraine has deviated far from these standards,” Oleksandr Bevz, former dire... #NationalBankofUkraine #nbu #NBUManagementshitft
The central bank council decided yesterday not te renew its 5-year contract with Dmytro Sologub, a deputy bank governor, after it expires July 10. Sologub, a stalwart of the post-Maidan banking reform, is responsible for the Monetary Stability unit of the National Bank of Ukraine. This includes monetary policy, statisti... #nbu
With the hryvnia flirting with strengthening above 27 to the dollar, the central bank intervened last week, buying $375 million in foreign exchange. This was almost 10 times the amount bought by the National Bank of Ukraine in the first week of June. On the supply side, high commodity prices – notably iron and grain – are flooding Ukraine with dol... #CurrencyMarket #DollarDemand #Hryvnia #nbu
Ukraine and IMF may reach a staff level agreement in the next few weeks, close to the one year anniversary of the $5 billion Stand-By Agreement, Yuriy Geletiy, Deputy Governor of the National Bank of Ukraine, announced in an interview with FinClub. Referring to reforms tha... #IMFaidforUkraine #IMFprogramm #nbu
Ukraine’s central bank welcomed a decision by the Bank of England on Friday that it approved the “bail-in” of $595 million of loans that a British-based financial company made to PrivatBank before it was nationalized in 2016, Reuters reports. In a statement, the National Bank... #BankofEngland #centralbankofukraine #nbu
Mortgages, long a rarity in Ukraine, doubled to $50 million during this first quarter of 2021, compared to January-March of last year, reports the National Bank of Ukraine. The Central Bank has reported that the number of new mortgages increased by 51% yoy, to 1,811. Most mortgages are for dach... #AffordableMortgages #MortgagesUkraine #nbu
The National Bank has simplified regulations for Ukrainian companies seeking to issue debt securities on the international market, the NBU said. The following amendments were introduced: “transactions to distribute income on and redeem Eurobonds as well as other issuer transactions for the purpose of placing such securities were ... #DebtSecurities #eurobonds #NationalBankofUkraine #nbu #ukrainebonds
“The Ukrainian economy requires additional funds for development more than ever. One of such sources is international loans. The regulator observes increasing interest of Ukrainian companies to the possibility to attract foreign funding, including through Eurobond placement. The amendments approved by the NBU will streamlin... #nbu #UkraineEconomy #UkraineneedsFunding #UKraineNeedsLoans
The Finance Ministry raised the equivalent of $370 million at its weekly auction yesterday, the Ministry reported on its Facebook page. Yields in hryvnia reflect the Central Bank’s increase in the nation’s prime rate 10 days ago to 7.5%. The yields were: 6-month – 9%; 1-year – 11.2%; 1.5 yea... #BondMarketUkraine #NationalBankofUkraine #nbu #ukrainebonds
Demand for dollars hit a 4-year high during the recent military standoff between Russia and Ukraine , Bohdan Danylyshyn, chairman of the National Bank of Ukraine, announced on the banks Facebook page. Since the start of April, Ukrainians bought $422 million more dollars than they sold, according to ... #DollarDemand #NationalBankofUkraine #nbu
The escalating military standoff with Russia is cutting foreign demand for domestic government bonds, Yuriy Geletiy, a deputy governor of the National Bank of Ukraine, told reporters yesterday. “Prior to Russia’s concentration in the East, investors were actively buying IGLBs,” he said, referrin... #BondsUkraine #GovernmentBonds #nbu
The Central Bank revised its 2020 inflation forecast to 8%, from 7%. After inflation hit 8.5% yoy last month, the National Bank of Ukraine now predicts that inflation will peak at 9.6% in the third quarter. It will recede steadily, hitting 5% for 2021, the bank has pre... #Inflation2021 #NationalBankofUkraine #nbu #UkraineInflation
The National Bank of Ukraine also downgraded its forecast for real GDP growth in 2021 to 3.8%, from 4.2%. “The introduction of new quarantine restrictions has led to the suppression of business activity,” the bank said. “The effect of last year’s low harvests affected the indicators of agriculture, ... #GDP2021 #GDPforcast #NationalBankofUkraine #nbu
According to a Reuters poll of analysts, the Central Bank is expected to raise its prime interest rate tomorrow in order to catch up with inflation, Of the 16 analysts, 10 foresee the rate rising to 7% from the current level of 6.5%. Three expect an increase to 7.5%. March inflation jumped to 8.5% yoy, which was fueled by food and energy price hik... #nbu #NBUinterestrate
Dragon Capital has predicted an interest rate hike to 7.5% tomorrow and another increase to 8% at the Central Bank’s Monetary Policy Board’s June 17 meeting. In a note to clients, Dragon predicts that inflation will peak in June at 9.8% and will end the year at 7.5%.... #DragonCapital #InterestRate #nbu
Ukraine’s March inflation íncreased to 8.5% yoy, setting the stage for an interest rate hike this Thursday at the scheduled meeting of the National Bank of Ukraine’s Monetary Policy Board. According to the State Statistics Service inflation has climbed steadily recording these rates: December – 5%; January... #Inflation2021 #InflationinUkraine #NationalBankofUkraine #nbu
Capital investment by cross border investors in Ukraine decreased by $868 million last year, the first decline of Incoming Investment since 2015, Bohdan Danylyshyn, Chairman of the National Bank of Ukraine wrote on Facebook. He said: “The key reasons for the low interest of foreign investors in the Ukrainian economy are the weak and underdevelo... #InvestinUkraine #InvestmentsinUkraine #nbu
During the first quarter, the Central Bank of Ukraine purchased a net $220.5 million to smooth out foreign exchange fluctuations. As the hryvnia strengthened last week, the bank sold $50 million, reported the National Bank of Ukraine website. Since the start of the year, the hryvnia h... #centralbankofukraine #nbu
JCB, Japan’s largest credit card company, is entering the Ukrainian market. It will be the fifth international card payment system in Ukraine with a non-resident payment organization, reported the National Bank of Ukraine. The 50-year-old Tokyo-based company has 5,000 employe... #JapanCreditCardCompany #JCB #JCBukraine #nbu
For the first time since the coronavirus pandemic hit Ukraine, business expectations have moved into the positive territory of the Central Bank’s monthly survey. The mood inched up to 51.4 points, the first time since February 2020 that the index of business prospects have crossed the 50-point equilibrium, report... #NationalBankofUkraine #nbu #PositiveTrends
In the last six months, Ukraine’s Central Bank has moved from collegiality to Soviet-style centralism In the last six months, Ukraine’s Central Bank has moved from collegiality to Soviet-style centralism, Kateryna Rozhkova, First Deputy Governor of the National Bank of Ukraine, said in a lengthy inter... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Hours after the interview with NV was posted Hours after the interview with NV was posted on Facebook yesterday, the bank’s communications department tried — unsuccessfully — to censor the interview. Rozhkova also complained that she... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Independence of the Central Bank became the critical issue with the IMF last summer Independence of the Central Bank became the critical issue with the IMF last summer after President Zelenskiy pushed out the internationally known and respected governor, Yakiv Smoliy. In the ensuing ... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
With the $5 billion IMF lending program to Ukraine suspended, Bloomberg and Reuters moved stories yesterday on the spat With the $5 billion IMF lending program to Ukraine suspended, Bloomberg and Reuters moved stories yesterday on the spat. Bloomberg headlined: “Another Ukrainian Central Banker Speaks Out on Governance... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Ukrzaliznytsia passenger service – which has been hemorrhaging money loser – lost 26% more of its income in the last year, a total of $314 million Ukrzaliznytsia passenger service – which has been hemorrhaging money loser – lost 26% more of its income in the last year, a total of $314 million, said Volodomyr Zhmak, the state railroad’s CEO, yest... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
The share of UZ cars in freight trains has dropped in half – from 47% in 2018 to 21% in 2021 The share of UZ cars in freight trains has dropped in half – from 47% in 2018 to 21% in 2021, Zhmak said. This year, Zhmak wants to increase the UZ portion to 40%. Private cars are more popular becaus... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Former Ukrzaliznytsia CEO Wojciech Balczun is co-owner of Aurum Polonez, an amber mining company in Klesiv, northern Rivne oblast Former Ukrzaliznytsia CEO Wojciech Balczun is co-owner of Aurum Polonez, an amber mining company in Klesiv, northern Rivne oblast, according to Nadra.info. A Polish rock musician, Balczun ran UZ in 20... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Egis Ukraina, a French-financed engineering company working in Ukraine for the last three decades, Egis Ukraina, a French-financed engineering company working in Ukraine for the last three decades, has entered into a joint venture with Ertle, Ltd, an international engineering and construction holdi... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Half of Ukrainians seeking work abroad want to go to Poland, with two thirds looking for seasonal work, Half of Ukrainians seeking work abroad want to go to Poland, with two thirds looking for seasonal work, according to an OLX Work survey last month of 7,700 Ukrainian job seekers. The other top two des... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Resistance to vaccinations against the coronavirus is high and growing in Ukraine, Resistance to vaccinations against the coronavirus is high and growing in Ukraine, the AP reports in an article headlined: “Wide resistance to vaccines plagues Ukraine’s COVID-19 fight.” The portion o... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
The Health Ministry reported that 40% of medical workers say they do not want to be vaccinated. The Health Ministry reported that 40% of medical workers say they do not want to be vaccinated. In the Donetsk village of Selydove, a visiting AP reporter found that only 5% of medical workers agreed ... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Ukraine and Israel are negotiating mutual recognition of “vaccination passports” for tourist travel Ukraine and Israel are negotiating mutual recognition of “vaccination passports” for tourist travel, Yevhen Korniychuk, Ukraine’s Ambassador to Israel, told Ukraine 24 TV. In September, mo... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
UIA said that it has refunded $2.5 million to travelers last month for flights cancelled due to COVID-19. UIA said that it has refunded $2.5 million to travelers last month for flights cancelled due to COVID-19. These refunds, up to 15,000 passengers, brings to $29 million the airline has refunded to cust... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
Passenger traffic at Kyiv Boryspil was down by two thirds during the first two months of this year Passenger traffic at Kyiv Boryspil was down by two thirds during the first two months of this year, compared to January-February 2020, reported the Center for Transportation Studies. With UIA’s suspen... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
A total of 1,000 people a day crossed the two checkpoints with Russia-controlled Crimea last month A total of 1,000 people a day crossed the two checkpoints with Russia-controlled Crimea last month, reported Ukraine’s State Border Guard Service. This volume – 27,300 people – was down 88% compared t... #centralbankofukraine #KaterynaRozhkova #nbu #newsaboutukraine #Ukrainenews #Ukrzaliznytsia #UZ
