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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 sold planned bonds outstanding
Yesterday, the Ministry of Finance placed the planned volume of bonds, both those denominated in hry...
1 July 2026
Coincidental increase in demand
Yesterday, the Ministry of Finance received oversubscription for two of the three offered bonds, alt...
24 June 2026
MoF in no hurry to borrow
Yesterday, the Ministry of Finance borrowed almost UAH4.1bn for the budget from three UAH-denominate...
17 June 2026
Weekly Reviews
NBU continues to struggle with FX shortage
Last week, the National Bank again had to sell a large amount of foreign currency, as the FX market...
29 June 2026
NBU holds rate, signals hike risk
The key rate remains at 15%, while its rhetoric now points to a higher risk of monetary tightening....
22 June 2026
Inflation eases temporarily on food prices
Annual CPI eased to 8.2% in May from 8.6% in April on slower food prices. Core inflation up to 7.9%...
15 June 2026
Macroeconomics
Macro risks up; more foreign financial aid unlocked
The Ukrainian economy showed unparalleled resilience to massive electricity blackouts at the start o...
5 June 2026
Growth Weak but Macroeconomic Stability Safeguarded
The economy is set to slow further as headwinds remain intense. The energy crisis caused by russia’s...
6 February 2026
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
Video
Media publications
Economy
8 December 2025
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