Ukraine's inflation accelerated to 12% in 2024, exceeding government forecasts
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.
National Bank of Ukraine
Fragmented financial oversight undermines Ukraine’s economic future
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.
National Bank of Ukraine leaves interest rates unchanged at 13%
The decision was in line with analysts’ predictions, and comes as Ukraine braces for next week’s U.S. presidential election, Bloomberg reported.
Ukraine may target record bank profits with further tax increase to plug budget hole
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 estimates 700,000 people will leave country in 2024-2025
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.
National Bank sets new historic low for hryvnia exchange rate
The hryvnia exchange rate on the interbank foreign exchange market surpassed Hr 41 per dollar on the morning of July 12.
Ukraine state-owned enterprises weekly — Issue 137
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
Why are Ukrainian banks so profitable during war?
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
International reserves declined by almost 8% in May, National Bank says
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.
Ukraine, IMF begin talks on new financial tranche within Extended Fund Facility
After the review, nearly $2.2 billion in funds may be allocated in June under the EFF.
National Bank institutes largest package of currency liberalization measures since February 2022
"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 target Ukrainian bank with DDoS attack
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.
NBU devalues hryvnia against dollar for first time since invasion, by 25%
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
Ukraine’s 'banking miracle': How its banking system keeps operating amid invasion
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,
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