Economics
Borrowings fall to a minimum The Ministry of Finance again refused to revise interest rates on military government bills. Therefore, they attracted the smallest amount of funds since military bills we
Aug. 17, 2022
Bonds: Bond market looking to establish equilibrium After trading in all domestic bonds was unblocked, the market segmented into two parts – one for military bills and another one for bonds issued bef
Aug. 16, 2022
International rating agencies Fitch and Standard & Poor’s have downgraded Ukraine’s ratings in foreign currency, after the country managed to defer payments on its external debt. Fitch downgraded
Aug. 14, 2022
War in Ukraine
The Russian invasion has inflicted severe damage to the economy of Ukraine, with sectors that provide citizens’ basic needs such as heating, energy supply, essential medical services, and production a
Aug. 10, 2022
Bonds: Reboot of the bond market The secondary bond market will resume normal trading today. It had been suspended since 24 February, the beginning of the full-scale Russian invasion of Ukraine. Last
Aug. 9, 2022
War in Ukraine
The second sea caravan carrying Ukrainian foodstuffs left the ports “Odesa” and “Chornomorsk” – three ships from Chornomorsk and another one from Odesa, the Ministry of Infrastructure announed on Augu
Aug. 7, 2022
War in Ukraine
A comprehensive study released this week found that Russia’s occupation of northern Ukraine’s Hostomel left damages and loss of infrastructure that will cost $343 million to fix or rebuild. The study,
Aug. 5, 2022
Rinat Akhmetov’s DTEK Energy plans to pay full $29.5 million coupon on eurobonds in September this year, DTEK CEO Maksym Timchenko has said. “DTEK Energy will pay September’s $29.5 million coupon on i
Aug. 4, 2022
Ukraine received EUR 1 billion in macro-financial assistance from the European Union in full. “We have very positive news today. Ukraine received EUR 1 billion out of 9 billion macro-financial assista
Aug. 4, 2022
War in Ukraine
Lower borrowings at unchanged rates The Ministry of Finance kept interest rates unchanged from the previous auction and raised only UAH3.1bn (US$85m) in local currency yesterday. The 14-month bills ma
Aug. 4, 2022
War in Ukraine
A survey released on Wednesday, August 3, by the International Organization for Migration (IOM), revealed that 60% of Ukraine’s Internally Displaced Persons (IDPs) who had jobs before the war are now
Aug. 4, 2022
NJSC Naftogaz Ukrainy sent to eurobond holders through their issuer Kondor Finance Plc a repeated consent solicitation to defer principal payments on them for two years, in which, unlike the original
Aug. 3, 2022
Bonds: Unusual bills increase borrowings Last week, the Ministry of Finance raised UAH9.9bn for the budget, mainly in hard currency. This was facilitated by the offer of unusual types of bills and sel
Aug. 2, 2022
The OPEC+ group of oil exporters are set to hammer out a new strategy at their meeting Wednesday, with all eyes on how they will react to soaring crude prices. The 13 core members of OPEC, led by Saud
Aug. 1, 2022
War in Ukraine
S&P Global Ratings on Friday cut Ukraine’s long-term debt grade by three notches, saying the recently announced plan to defer payments means a default is “a virtual certainty.” The agency lowered
Jul. 30, 2022
Last week, the Ukrainian Central bank was forced to devalue the Ukrainian Hryvnia 25% to a rate of $1 USD = 36.5 UAH. However, within days, currency exchange signs were seen around Kyiv advertising ra
Jul. 27, 2022
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Could Russia be forced out of Ukraine, not due to a military victory, but due to the Russian economy's collapse? Increasingly there are signs in Moscow that Russia's war may soon run out of money.
Oct. 3