finance

Naftogaz CEO reveals company's true losses and profits

Naftogaz, Ukraine's national oil and gaz company, is on the financial upswing, thanks to the lack of governmental pressure, CEO Oleksiy Chernyshov said in an interview with NV Business.

6 August 2024, 02:23 PM

Raiffeisen bank limits services for Russians under regulatory pressure

The Russian division of Austria's Raiffeisen Bank International announced a temporary suspension on opening new brokerage accounts, Reuters reported on Aug. 5.

6 August 2024, 11:05 AM

U.S. Special Representative Penny Pritzker unveils Ukraine recovery plan

U.S. Special Representative for Ukraine’s Economic Recovery Penny Pritzker outlined a plan with five key conditions for ensuring the success of Ukraine’s recovery, Voice of America reported on Aug. 3.

4 August 2024, 01:09 PM

Ukraine's Cabinet of Ministers approves terms for Eurobonds restructuring

The Ukrainian Government has approved Ukraine's principal agreements with the Eurobonds owners special committee in the amount of about $23 billion, governmental website wrote on July 31.

2 August 2024, 10:45 AM

Ukraine set to receive $50 billion G7 loan by October

The G7 countries are likely to finalize a framework agreement to provide Ukraine with a $50 billion loan using proceeds from frozen Russian assets by October, European Economic Commissioner Paolo Gentiloni announced during a meeting of G20 finance ministers and central bankers in Rio de Janeiro, Reuters reported on July 25.

26 July 2024, 11:13 AM

EU approves first €4.2 billion tranche for Ukraine Facility Plan

Permanent representatives of European Union (EU) member states approved €4.2 billion as the first tranche for the Ukraine Facility Plan, the Hungarian Presidency of the EU reported on X on July 24.

24 July 2024, 03:25 PM

Not everyone to be granted with loans to deal with blackouts, Privatbank says

Banks will divide its potential borrowers into several groups, but loans will not be issued to everyone, Yevhen Zaihraev, PrivatBank board member for small and medium-sized businesses said at "The Future of Ukrainian Energy. Dialogues with NV" event.

24 July 2024, 02:02 PM

American neobank Mercury to block Ukrainian accounts

American neobank Mercury has announced that it will stop supporting accounts of companies whose founders have passports from several countries, including Ukraine, Petcube founder Yaroslav Azhnyuk reported on Facebook on July 22.

24 July 2024, 02:46 AM

Ukraine reaches deal with international creditors to restructure bond debt

Ukraine has reached an agreement with some of its private creditors to restructure more than $20 billion in international debt, which could allow the country to avoid default, Bloomberg reported on July 22.

22 July 2024, 01:04 PM

Ukrainian National Bank head condemns Russian counterpart as part of war criminal's regime

Head of the Central Bank of Russia, Elvira Nabiullina, is part of the regime fighting against Ukraine and an accomplice in the crimes committed by Putin, stated NBU Head Andriy Pyshnyi in an interview with the Central Banking press service, the National Bank of Ukraine reported on July 11.

12 July 2024, 10:35 AM

EU to send frozen Russian assets to Ukraine in coming weeks

In the coming weeks, the European Union will transfer first part of the proceeds from Russia's frozen assets for military aid to Ukraine, European Commission spokesman Christian Wiegand said at a press conference in Brussels on July 10.

10 July 2024, 06:39 PM

Ukraine's international reserves fall 2.9% to $38 billion

According to preliminary estimates by the National Bank of Ukraine (NBU), Ukraine's international reserves decreased by 2.9%, or $1.14 billion, to $37.9 billion, the NBU reported on July 5.

5 July 2024, 04:02 PM

Ukraine’s Q1 state budget revenue exceeds plan by 22%

Ukraine exceeded its first-quarter 2024 general fund revenue plan by UAH 86 billion (22%), despite receiving UAH 96 billion less in non-repayable international aid compared to the same period in 2023, Accounting Chamber Chairman Olha Pishchanska said on July 4.

5 July 2024, 01:01 PM

Ukraine receives $2.2 billion tranche from IMF

Ukraine received a $2.2 billion tranche from the International Monetary Fund (IMF), Ukrainian Prime Minister Denys Shmyhal reported on Telegram on July 3.

3 July 2024, 01:28 PM

NBU boosts banks’ credit potential

The National Bank of Ukraine (NBU) updated the minimum requirements for banks’ capital adequacy standards according to a new (three-level) structure together with the adoption of the Credit Development Strategy, the NBU reported on official web-site.

11 June 2024, 07:03 PM

Macron and Biden seek G7 support for $50 billion Ukraine fund

French President Emmanuel Macron and U.S. President Joe Biden hope that all G7 countries will support a $50 billion fund for Ukraine from the proceeds of frozen Russian assets, Macron said during a joint press conference in Paris on June 8.

9 June 2024, 12:47 PM

Ukraine ratifies EUR 50 billion EU agreement under Ukraine Facility program

Ukrainian Parliament ratified an agreement with the European Union, which is necessary to receive €50 billion under the Ukraine Facility program, announced Prime Minister of Ukraine Denys Shmyhal on Telegram on June 6.

6 June 2024, 11:00 PM

Largest oil and gas company in Ukraine moves towards producing electricity

Ukrainian oil company Ukrnafta will start building maneuverable power generation plants, including gas piston and gas turbine thermal power plants, the company's press service reported on June 6.

6 June 2024, 03:55 PM

France and Netherlands push EU to close sanctions loophole that allows Russia to acquire military goods & tech

France and the Netherlands want the EU to sanction any financial institution in the world that helps the Russian military pay for goods or technology used to produce weapons, Reuters reported on May 14.

15 May 2024, 09:53 AM

Ukraine secures significant EU and IMF support in 2024 borrowing - Finance Ministry

The Ukrainian Ministry of Finance announced that from January to April 2024, the actual state borrowings to the general fund of the state budget amounted to $14.35 billion, which is 96.5% of the planned amount for this period.

6 May 2024, 01:53 PM

finance

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