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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
Halt in decline of UAH bond yields
At yesterday's primary auction, yields on one-year bills stopped declining, and yields on three-year...
18 March 2026
MoF fills UAH bond yield curve
Yesterday, after a three-month break, the Ministry of Finance issued new two-year paper. So, the off...
11 March 2026
Less and less room for rate cuts
At yesterday's auction, the MoF continued to lower bond yields, but room for further decreases is be...
4 March 2026
Weekly Reviews
Consumer prices accelerate unexpectedly
Annual headline CPI climbed to 7.6% in February from 7.4% in January. ...
16 March 2026
NBU reserves down 5% in February
The gross international reserves of the NBU decreased 5% in February to US$54.8bn, an equivalent of...
9 March 2026
IMF approves new EFF program
The IMF executive board approved a new four-year EFF loan for Ukraine for US$8.1bn, with US$1.5bn to...
2 March 2026
Macroeconomics
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
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
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
Bonds
15 June 2022