Services

NEWS FLASH

UPCOMING WEBINAR - NAVIGATING AN OIL GLUT: FISCAL AND RATING RISKS FOR ...

Learn More

COUNTRY INSIGHTS

Interim Results of the Kursk Operation
UKRAINE · In Brief · 22 Aug 2024

More than two weeks have passed since Ukrainian forces began the Kursk operation. The dust has settled a bit, and we now have a clearer picture of what has happened. In short, the Russians have concentrated all their forces on the Avdiivka area (now referred to as the Pokrovsk direction), while U...

Peace talks?
UKRAINE · Report · 06 Aug 2024

There’s been lots of talk about a potential peace deal. Ukrainian sentiments on the issue are murky. While polls show a growing demand for a peace deal, the majority of respondents still reject any territorial concessions to Russia. Moreover, an overwhelming majority—77.3%—would agree to peace wi...

NBU keeps prime rate unchanged at 13.0% amid faster inflation and FX volatility
UKRAINE · In Brief · 27 Jul 2024

Predictably, the NBU Board left the prime rate unchanged at 13.0% after the July 25th meeting. The accelerating inflation (+2.2% m/m and +4.8% y/y in June), substantial volatility in the FX market (with the hryvnia breaking the 42 per US dollar mark), and stagnant growth of hryvnia deposits made ...

Debt Restructuring Deal Reached
UKRAINE · In Brief · 22 Jul 2024

Ukrainian authorities and private bondholders have reached an agreement on debt restructuring. Details are already in all media outlets: nominal losses of 37%, bond repayments starting in 2029, and coupon payments from 2025 (starting with 1.75% in 2025). Sources informed about the negotiations co...

Missile strike on children's hospital reinforces resolve
UKRAINE · In Brief · 09 Jul 2024

I want to say a few words about Okhmatdyt Children's Hospital, which was targeted by Russian forces yesterday. This isn’t just another hospital; it’s a symbol for millions of Ukrainians. For nearly two and a half years, Vladimir Putin, with broad support from Russians, has been destroying numerou...

NBU cuts prime rate to 13.0% amid increased confidence in financial inflows
UKRAINE · In Brief · 15 Jun 2024

The NBU Board cut the prime rate once more by 0.5 ppts to 13.0%, effective June 14. This marks the third prime rate cut since the start of the year and the seventh decrease since July 2023, when the NBU began its easing cycle. In a press release, the NBU cited still-low inflation (+0.6% m/m and 3...

New mobilization law: shifting towards a militarized society
UKRAINE · Report · 07 Jun 2024

Ukraine is implementing new mobilization rules. The recruiting rules in 2022 were very lenient for a full-scale war of attrition. In the early days of the Russian invasion, Ukrainians mobilized voluntarily, and volunteers comprised the core of the army that defeated the Russians in 2022. However,...

NBU cuts prime rate to 13.5% following approval of US support package
UKRAINE · In Brief · 26 Apr 2024

The NBU Board reduced the prime rate by 1.0 ppt to 13.5%, effective April 26. This decision was facilitated by a steady slowdown in consumer inflation (+0.5% m/m or +3.2% y/y in March), a $9.3 billion foreign currency inflow in March, and the recently approved $61 billion aid package from the US....

A burst of Russian brutality
UKRAINE · Report · 23 Apr 2024

Ukraine has since mid-March faced unprecedented air raids targeting energy infrastructure, unlike anything seen since the start of the war. In previous years, such as 2022-2023, Russian strategy focused on disrupting energy supplies, to cause nationwide blackouts. But now the focus has shifted to...

Collapse of the Western narrative
UKRAINE · Report · 19 Mar 2024

The gloomy sentiments of winter have transformed into a “we’ll cope with that” attitude. Ukrainian forces retreated from Avdiivka due to a shortage of ammunition, while the Russians employed new tactics of distant, massive barrages with guided aerial bombs. The retreat was painful, but the withdr...

NBU surprised with a minor prime rate cut by 0.5 ppt down to 14.5%
UKRAINE · In Brief · 14 Mar 2024

The NBU Board reduced the prime rate by 0.5 ppt to 14.5%, effective March 15. This decision came as a surprise to the market, especially following the January announcement that a minor prime rate cut might only be considered in the second half of 2024. The main justification for this unexpected m...

Dancing on the edge of an abyss
UKRAINE · Report · 16 Feb 2024

The last few months have been far from enjoyable. The anxious anticipation of decisions from the West regarding military supplies, coupled with persistent efforts by Russian friends to disrupt the process, paints a bleak picture. The tension between President Volodymyr Zelenskiy and Commander-in-...

Zelenskiy dismissed Commander-in-Chief Valerii Zaluzhnyi
UKRAINE · In Brief · 08 Feb 2024

The tension between President Volodymyr Zelenskiy and Commander-in-Chief Valerii Zaluzhnyi has been simmering for quite some time and became notably public after the problematic counteroffensive in the summer of 2023. Zelenskiy attempted to justify his dissatisfaction with Zaluzhnyi, citing modes...

NBU keeps prime rate unchanged at 15%, updates forecast
UKRAINE · In Brief · 26 Jan 2024

As expected, the NBU Board left the prime rate unchanged at 15% on January 25th. Following a month of FX market turbulence, pausing rate cuts was a natural decision, particularly in light of the still-delayed financial support decisions from both the EU and the US for 2024. The press release sugg...

The mood has soured
UKRAINE · Report · 09 Jan 2024

The mood has soured dramatically, amid discussions focusing on the West's indecisiveness, potential cuts in military supplies, delayed financing from the United States and looming tightened recruitment measures. Yet if we set aside the issue of soured sentiments, we can see that Ukraine's pos...

Copyright 2025 GlobalSource Partners. All rights reserved.