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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 doubles borrowings
Yesterday's auction provided the state budget with UAH9.1bn, which was almost double WoW.Demand for...
12 November 2025
New bond provide half of proceeds
Yesterday, the MoF launched new UAH bond, which accounted for more than half of the budget proceeds...
5 November 2025
Weekly borrowings halved
Yesterday's auction provided the MoF with the least amount of funds in October.Yesterday, the MoF re...
29 October 2025
Weekly Reviews
Parties exit VRI restructuring talks
At the end of last week, negotiations between the Ministry of Finance and the ad hoc committee of VR...
10 November 2025
Trade deficit hits new record high
The monthly current account (C/A) deficit stood at US$3.2bn on a record foreign trade-in-goods gap o...
3 November 2025
NBU postpones rate cuts
The central bank maintained the key rate at 15.5%, indicating that monetary easing is unlikely befor...
27 October 2025
Macroeconomics
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
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
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