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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
Investors focus on FX bonds and longer maturities
Yesterday, the MoF borrowed over UAH18bn, mostly from USD-denominated paper and a four-year note.The...
6 August 2025
Investors switch focus to FX bonds
Yesterday, the focus of the auction participants shifted to FX-denominated bills, which brought the...
30 July 2025
MoF issues new three-year note
Yesterday, the MoF replaced three-year bonds due in November 2028 with a new three-year bond due in...
23 July 2025
Weekly Reviews
Trade deficit hits record high in June
In June, the deficit of external trade in goods and services hit a record high of US$5.1bn, while th...
4 August 2025
NBU signals prolonged tight monetary policy
The NBU left its key policy rate at 15.5% at the July meeting, as expected, while reiterating a caut...
28 July 2025
NBU fully offsets spike in FX demand
Demand for foreign currency rose sharply last week, prompting the NBU to increase interventions to a...
21 July 2025
Macroeconomics
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
2025: Year of Challenges and Great Hopes
The year 2025 will be one of great expectations along with hope for a sustained ceasefire agreement...
13 December 2024
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