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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
MoF maintains rates on UAH bonds
The Ministry of Finance refused to raise interest rates on two-year bonds and continued to lower yie...
9 April 2025
Reserve bonds substitution
Yesterday, the MoF changed its offer for UAH bonds, which did not allow it to increase the budget pr...
2 April 2025
Level of current yields satisfies investors
Yesterday, the MoF received uniform demand for UAH bonds and rejected just one small bid. At the sam...
26 March 2025
Weekly Reviews
Monthly inflation surges in March
Monthly inflation surged 1.5% in March, taking the annual tally to 14.6%. Monthly inflation will dec...
14 April 2025
Ukraine GDP slows dramatically
Ukraine’s real GDP grew 2.9% YoY in 2024, below our and market expectations. The 4Q data was particu...
7 April 2025
IMF increases foreign aid assumptions
On Friday, the IMF board approved the 7th review of the EFF program for Ukraine, which opens the way...
31 March 2025
Macroeconomics
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
Macro risks edge up on large fiscal needs
Macroeconomic risks have increased in the past months, but even so, they remain fully manageable. Th...
20 August 2024
Macro Risks Remain Manageable
The resilience of Ukraine’s economy to unprecedented external shocks remains beyond any doubt. The e...
23 April 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