Economy
Russia
Russia’s Raiffeisen Bank Stops Foreign Currency Transfers Abroad
Raiffeisen Bank was once a safe haven for foreign currency transactions abroad for Russian citizens, compared to other Western and Russian banks – now it’s not.
Aug. 16, 2024
Ukraine
Bond Market Insight - Thursday, 15 August 2024
A slight situational rate reduction.
Aug. 15, 2024
War in Ukraine
‘I Fear Simple Solutions in Complex Conditions’ – Head of Ukraine’s Central Bank
Ukraine’s central bank has switched from an anti-shock policy to stabilization and wants to return to inflation-targeting – which role best meet the future need for new budget revenues?
Aug. 14, 2024
War in Ukraine
More Than 3,000 Foreign Companies Opened in Wartime Ukraine
Data showed that most foreign companies opened in Ukraine after the 2022 invasion were involved in wholesale trade, with Turkish citizens among the top nationals opening companies in Ukraine.
Aug. 14, 2024
Ukraine
Ukrainian Authors Comprise One-Third of Bestsellers Bought by Ukrainian Refugees
Ukraine’s largest offline retailer Knyharnya Ye sees it as a sign Ukrainians do not want to give up connections with Ukrainian culture abroad.
Aug. 13, 2024
Ukraine
Agro-Companies Buy Up 18 Percent of Ukraine’s Legal Land Market
The 2024 half-year results for land market deals show companies are more reluctant to buy land than before the war, and the market is showing first signs of seasonality.
Aug. 11, 2024
Ukraine
Ukraine’s Battle for New Taxes Was Inevitable – Is Business Ready for It?
The Ministry of Finance plans to raise taxes for defense spending, emphasizing taxpayers’ responsibility. Entrepreneurs show little support, but analysts advise: “get rid of rose-tinted glasses.”
Aug. 10, 2024
Ukraine
Russian Damage to Ukraine’s Energy Sector Exceeds $55 Billion – KSE Report
Total losses from Russian attacks amount to $56.5 billion, including $16.1 billion in direct damages and $40.4 billion in unearned revenues, repairs, and debris removal.
Aug. 8, 2024
Ukraine
S&P Downgrades Ukraine Credit Rating to 'Selective Default'
S&P's decision follows the July 24 decision by Fitch -- another top US ratings agency -- to downgrade Ukraine's credit rating to "C" from "CC," leaving it just one notch above default.
Aug. 3, 2024
Ukraine
Ukraine’s Manufacturers in 2023 – Heavy Industry Leaders Mostly Report Losses, Others Remain Profitable
Ukraine’s top ten most successful manufacturers list for 2023 is made of heavy industry that reduced net losses despite the war: food industry, defense and agricultural enterprises.
July 30, 2024
Bond Market Insight – July 29, 2024
The central bank paused interest rate decrease while investors remained calm after debt restructuring negotiations – hryvnia depreciated.
July 30, 2024
Ukraine
Key Policy Rate Holds at 13% as Inflation Increases
Ukraine’s central bank kept the key rate at 13 percent while inflation rose to 4.8 percent in June, with yields of hryvnia deposit and domestic debt securities falling.
July 25, 2024
War in Ukraine
EU Сountries Look to Extend Freeze on Russian Assets to Secure G7 Loan to Ukraine
G7 and EU leaders agreed in June to use interest from frozen Russian assets to support a $50 billion loan for Ukraine to defend against Moscow's invasion.
July 25, 2024
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