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Research 

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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

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Weekly borrowings halved

Yesterday's auction provided the MoF with the least amount of funds in October.Yesterday, the MoF re...

29 October 2025
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MoF continues to borrow actively in hryvnia

The state budget received almost UAH15bn yesterday, only from UAH military and regular bonds.Yesterd...

22 October 2025
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MoF maintains high borrowings

Yesterday, the Ministry of Finance borrowed almost UAH20bn and sold USD-denominated and new reserve...

15 October 2025
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Weekly Reviews

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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
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Нові ОВДП приносять половину коштів

Учора Міністерство фінансів започаткувало розміщення нового випуску гривневих ОВДП, які принесли бюд...

5 November 2025
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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
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Macroeconomics

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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
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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
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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
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