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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
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
Yield decline slowed
At yesterday's auction, high competition for new bonds persisted, but the rate of decline in final r...
25 February 2026
Maturity premium continues to decline.
All UAH instruments attracted considerable oversubscription again yesterday, and yields fell further...
18 February 2026
Weekly Reviews
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
MoF cuts maturity premium
The Ministry of Finance made yet more steps to lower yields on UAH bonds, while also significantly s...
23 February 2026
Disinflation trend robust
Annual headline CPI slowed to 7.4% in January from 8.0% in December. ...
16 February 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