The following is the March 11, 2025 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. For all the hype around foreign weapons producers setting up shop in Ukraine to help it fend off
The move marks the second raise of the key policy rate since the beginning of 2025. In late January, the central bank raised it from 13.5% to 14.5%.
Ukraine's National Bank (NBU) announced on Jan. 23 that it will raise the key policy rate from 13.5% to 14.5% per annum starting from Jan. 24, 2025.
The accelerated rate surpassed forecasts made by Ukraine's National Bank in November, which estimated that Ukraine would end 2024 at an annualized 9.7% inflation rate.
As a direct participant in the process of establishing the new regulatory framework, I wish to initiate a public debate on the biggest challenge facing Ukraine’s financial services market: the lack of consistency in the institutional capacity of financial regulators — an issue made more pressing by ongoing military challenges.
The decision was in line with analysts’ predictions, and comes as Ukraine braces for next week’s U.S. presidential election, Bloomberg reported.
Ukrainian banks continue posting record profits, earning nearly Hr 120 billion ($2.9 billion) in the first seven months of 2024. The result is 22% higher than the same period last year, analytics website Opendatabot reported. As the Kyiv Independent previously reported, Ukrainian banks are enjoying an influx of cash,
Ukraine expects 400,000 more people will leave country in 2024 and 300,000 in 2025, according to the National Bank of Ukraine's (NBU) report published on Aug. 1.
The hryvnia exchange rate on the interbank foreign exchange market surpassed Hr 41 per dollar on the morning of July 12.
Editor’s Note: This is issue 139 of Ukrainian State-Owned Enterprises Weekly, covering events from July 1-6, 2024. The Kyiv Independent is reposting it with permission. Energy sector Russia strikes at Ukrgasvydobuvannya’s facility in Poltava oblast, the company’s press office reported on July 4. Ukrgasvydobuvannya’s acting CEO
Editor’s Note: This is issue 137 of Ukrainian State-Owned Enterprises Weekly, covering events from June 17-23, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs Cabinet appoints Energoatom’s supervisory board. Ukraine's Cabinet of Ministers appointed all five members of state-owned nuclear giant Energoatom's supervisory
Ukraine’s banks are flush with cash. An influx of foreign aid, high interest rates on government bonds, pay rises for soldiers, and central bank policies after the start of the full-scale invasion boosted the sector's profits to 40.5 billion hryvnia ($1 billion) in the first three months of
The NBU's international reserves have fluctuated significantly since the beginning of Russia's full-scale war, dropping as low as $22 billion in July 2022.
The following is a chart based off of data originally published in the Kyiv-based Center of Economic Strategy's "Ukraine War Economy Tracker." The Kyiv Independent is republishing it with permission. Dollar exceeds 40 hryvnias as budget needs grow Average daily official and market exchange rates UAH/USD Cash rate Official
Last week, I wrote in this newsletter that the biggest problems business leaders said they were facing in Kharkiv weren’t Russian attacks, but mobilization. And just like that, Russia launched missile attacks at a publishing house and a building materials hypermarket in the city. In the first of the
After the review, nearly $2.2 billion in funds may be allocated in June under the EFF.
The following is the May 7, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Ukraine’s Central Bank eased some wartime foreign exchange restrictions on businesses in what it said was the
"This move, together with other measures by the NBU, should allow Ukrainian businesses to 'breathe to their full potential' and help attract private capital to recover the economy," said NBU Governor Andriy Pyshnyy.
Hackers targeted Ukraine's largest mobile-only bank, Monobank, with a powerful denial of service (DDoS) attack on May 2, the company's co-founder and CEO Oleh Horokhovskyi reported.
Editor’s Note: This is issue 120 of Ukrainian State-Owned Enterprises Weekly, covering events from Feb. 17-Feb. 23, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEs The Verkhovna Rada adopts the long-awaited law on the corporate governance of SOEs. On Feb. 22, the Verkhovna Rada
The National Bank of Ukraine has devalued the hryvnia against the dollar by 25% on July 21. The new official rate is Hr 36.57 per dollar. The previous rate of Hr 29.25, established in February at the start of the invasion, "no longer corresponds to reality and is
As Russia was preparing to invade Ukraine, experts feared that the Ukrainian banking system would collapse in the event of an all-out war. The closure of Ukraine's main banks, cashless ATMs, and free fall of the national currency were expected by many. Yet, the Ukrainian banking system proved the opposite,
National Bank of Ukraine (NBU) head Kyrylo Shevchenko told Bloomberg on Dec. 10 that he's endured political pressure since his appointment in July 2020. “We see attempts by certain actors to influence the decision-making process in the NBU, smear campaigns targeting the bank and its top management and even criminal
