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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
Low interest in ordinary bonds
The Ministry of Finance raised UAH11.3bn yesterday, mainly from reserve and euro-denominated bonds....
10 September 2025
Focus remains on FX-denominated bonds
The Ministry of Finance planned four placements of USD-denominated bills after taking a small break...
20 August 2025
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
Weekly Reviews
NBU keeps the key rate at 15.5%
As expected, the regulator decided not to change the policy rate. ...
15 September 2025
NBU reserves get boost in August
The gross international reserves of the NBU surged 7.0% in August and 5.1% in 8m25 to US$46.0bn. ...
8 September 2025
Investors' focus back on longer bonds
After a break, investors' focus has shifted to longer UAH bonds in the primary market. The longest o...
3 September 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