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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
Primary bond market focuses on longer maturities
Yesterday, the vast majority of demand was for longer instruments, while demand for one-year governm...
22 July 2026
MoF sells planned volume of bonds
Yesterday, the Ministry of Finance placed the entire planned volume of UAH bonds, slightly reducing...
15 July 2026
MoF sold planned bonds outstanding
Yesterday, the Ministry of Finance placed the planned volume of bonds, both those denominated in hry...
1 July 2026
Weekly Reviews
NBU continues to calm FX market
Last week, the National Bank was again forced to hike interventions to over US$1bn to prevent the ex...
20 July 2026
Inflation decelerates sharply in June
Annual CPI decelerated to 7.2% in June from 8.2% in May. Core inflation was marginally up to 8.1% Yo...
13 July 2026
C/A narrows in May, 12-month tally deteriorates
Ukraine’s current account deficit narrowed somewhat in May vs April on improved foreign trade balanc...
6 July 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