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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 places new UAH bond
Yesterday, the Ministry of Finance offered a new series of UAH bonds. While the yield was notable, t...
7 October 2026
MoF decreases borrowings
Yesterday, the Ministry of Finance offered only two UAH bonds and raised less than UAH1.7bn, rejecti...
30 September 2026
Low borrowing persists
Yesterday, the Ministry of Finance sold the planned volume of bonds, satisfying only half of the dem...
16 September 2026
Weekly Reviews
C/A deficit surges on lack of grants
Ukraine’s current account deficit surged to $4.8bn in August as the ample trade deficit was not offs...
5 October 2026
MoF stands firm on rates
Last week saw the first bond auction following the NBU's key policy rate hike. The ministry, expecte...
28 September 2026
MoF stands firm on yields
Yesterday, the Ministry of Finance raised over UAH7bn for the budget, with the vast majority coming...
23 September 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