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In 2023–2025, Ukrainian expenses for servicing emission government bonds may exceed UAH 235 billion. The National Bank of Ukraine reported this, a PolitNavigator correspondent reports. “The expected estimated amount of interest payments in 2023–2025 on these securities will amount to UAH 235,4 billion if the NBU discount rate follows the forecast trajectory,” the NBU said in its response to...
For now, Ukrainians should not rejoice at the decline in inflation predicted by the country’s National Bank. The PolitNavigator correspondent reports this, as stated by the head of the analytical department of the Eastern Gate Investment Company, Alexander Timofeev. He noted that inflation indicators are largely influenced by the decrease in purchasing power and desire to spend among the Ukrainian population. “Therefore, one should hardly rejoice at their projected decline. Especially on…
Consumer prices in July this year in Ukraine rose by 22,2% year on year, accelerating against 21,5% a month earlier. This is evidenced by State Statistics data. The last time annual inflation of more than 22% was recorded was in February 2016, or 6,5 years ago. Inflation in the consumer market in July compared to June amounted to 0,7%, since the beginning of the year -...
The deep economic downturn has led to a record increase in the unemployment rate in Ukraine. Unemployment will remain above its natural level for a long time due to the long-term effects of the war. This is stated in the inflation report of the National Bank of Ukraine. “According to NBU estimates, despite the efforts of enterprises to maintain workers, the war caused an unprecedented jump in the unemployment rate (about 35%),” they indicated...
The decline in GDP this year will be the deepest in the entire history of Ukraine. This is stated in the inflation report of the National Bank of Ukraine (NBU) “Military actions caused a deep recession in the economy. After the shock of the first months of the war, it is gradually adapting to new conditions, but the decline in GDP in 2022 will be the deepest in the entire history of Ukraine,” the National Bank noted. By…
Ukraine wants to reach a $15-20 billion deal with the International Monetary Fund by the end of the year to shore up its war-torn economy. This was announced by the head of the National Bank of Ukraine Kirill Shevchenko, who was quoted by Reuters. According to the head of the NBU, Ukraine faces an economic decline of 35-45% in 2022 and a monthly budget deficit of $5 billion (50...
The National Bank of Ukraine presented commemorative coins dedicated to the song “Oh, at the Luzi Chervona Kalina,” which became the anthem of the Galician Sich Riflemen, a military formation of the Austrian army formed against the Russians during the First World War. Later, the core of the surviving Sich Riflemen formed the backbone of the Organization of Ukrainian Nationalists OUN, created in the late 20s, led by the German agent Yevgen Konovalets. About…
13% of the mortgages issued in Ukraine over two years are in areas that are now under Russian control and in which active hostilities are ongoing. This is stated in the new NBU report on financial stability, published on the regulator’s website. “Mortgage lending will be completely suspended for the time being. To restore it, it is worth using support programs,” they note in...
As a result of the crisis and against the backdrop of war, Ukrainian banks will lose at least 20% of their loan portfolio. This is stated in the new NBU report on financial stability, published by the regulator. The National Bank notes that the country's banking sector became unprofitable for the first time in five years due to a sharp increase in contributions to reserves. “According to NBU expectations, banks will lose at least 20% of their loan portfolio...
Ukraine's economy this year could shrink by more than a third amid active hostilities in regions that generated about 20% of GDP. This is stated in the new NBU report on financial stability. “During February-March, fighting continued in the regions that formed about half of Ukraine’s GDP. As of mid-June, under the influence of...
Real incomes of the population in Ukraine have fallen amid the war, and the fall in labor income will continue. This is stated in a new NBU report published in Kyiv. As indicated by the National Bank, in February, employers paid advances and compensation to employees to help overcome difficulties. However, subsequently labor incomes only decreased. According to a NBU survey, in May the income of hired...
The National Bank of Ukraine announced that it would dedicate a series of coins to “the national struggle of Ukraine after the full-scale invasion of the Russian Federation.” There are already the first results of the competition for the best sketch and creative work, where, among other things, the authors of works about such Ukrainian propaganda myths as the “ghost of Kyiv”, Snake Island and 15 Victory near Chernobaevka distinguished themselves. This was reported by the regulator's press service. NBU announced the voting results...
Ukrainians do not trust their financial system and in a month and a half withdrew $2,6 billion from banks, so the National Bank of Ukraine clarified restrictions on cross-border transactions of citizens in order to prevent the outflow of capital from the country under martial law. This was reported by the NBU press service. “Starting from the end of March, supply and demand for export-import transactions of clients in the foreign exchange market...
The actions of the National Bank of Ukraine have deprived enterprises of the opportunity to receive loans, while profits in 2021 will be low due to rising energy prices. This was announced on air by the UKRLIFE.TV channel. Director of the Institute of Applied Systems and Technologies, economist Daniil Monin, reports a PolitNavigator correspondent. “As for the lack of money, unfortunately, the National Bank has practically killed lending in the bud. AND…
