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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
Decline in yields ongoing
The MoF continued to reduce yields on government bonds in the primary market, offering a small volum...
11 February 2026
Yields continued to decline
Due to the small volume of supply, the Ministry of Finance not only continued to reduce yields on 1....
28 January 2026
MoF pushes for lower yields
Yesterday's auction demonstrated the MoF's desire to reduce the cost of servicing new debt and move...
21 January 2026
Weekly Reviews
NBU reserves inch up 1% in January
Gross international reserves of the NBU were up 0.6% in January to US$57.7bn, an equivalent of 6.0 m...
9 February 2026
MoF continues to outpace NBU
Yesterday, the Ministry of Finance continued to reduce yields on UAH bonds, offering small volumes a...
4 February 2026
NBU starts easing cycle
The regulator lowered the key policy rate by 50 bps to 15.0%, initiating a cycle of monetary easing...
2 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