Subscribe to our newsletter
Be the first to receive our weekly market and bond reviews as well as quarterly macroeconomic reports.
ICU Research
is a small but highly professional team of experts who have deep insight in diverse fields of finance — from global markets to Ukrainian macroeconomics and from the local banking sector to sovereign debt market.
Bond Market Reviews
Weekly Reviews
Macroeconomics
Bond Market Reviews
Increased demand for UAH bonds
Yesterday, the Ministry of Finance borrowed UAH23bn for the state budget, mostly in hryvnia.Interest...
8 October 2025
Increased demand for FX-denominated bills
A significant amount of yesterday's budget proceeds was from USD-denominated paper, which saw almost...
1 October 2025
MoF issues new USD-denominated paper
Yesterday, the Ministry of Finance almost doubled borrowings compared with last week, thanks to the...
24 September 2025
Weekly Reviews
MoF maintains high borrowings
Yesterday, the Ministry of Finance borrowed almost UAH20bn and sold USD-denominated and new reserve...
15 October 2025
Мінфін зберігає високий темп залучень
Учора Міністерство фінансів залучило майже 20 млрд грн, розмістивши цього разу як валютні, так і нов...
15 October 2025
Annual inflation keeps decelerating sharply
Annual CPI slowed to 11.9% in September vs 13.2% in August and after a peak of 15.9% in May. ...
13 October 2025
Macroeconomics
Reparation Loan is a Likely Game Changer for Economy
The lingering war and heightened safety risks imply Ukraine will remain critically dependent on fore...
15 October 2025
A Race to Secure More Budget Funding for 2026
Economic growth to remain slow as the economy will struggle to increase the stock of available resou...
16 July 2025
Larger Financial Aid Buys More Time for Economy to Adjust
Ukraine’s economy has been in a sluggish recovery mode since 3Q24, and chances for a significant nea...
17 April 2025
Video
Media publications
Company News
3 April 2025
Economy
13 December 2024
Economy
27 February 2023
Investments
21 February 2023
Investments
20 February 2023
Venture Capital
15 December 2022
Investments
18 November 2022
Economy
6 September 2022
Bonds
15 June 2022
Investments
13 December 2021