Reconstruction holds Ukraine’s economy above water as service sector cracks
The sector rebuilding what Russia destroys is now the war economy’s most confident, while service firms slip into pessimism, and the overall mood stops improving.
Browsing Tag
National Bank of Ukraine
26 posts
Individuals now drive nearly half of Ukraine’s bankruptcy cases
A “second chance” system Kyiv built for EU accession is reaching ordinary people—while Russia rewrites its own bankruptcy law to let the Kremlin choose who survives.
Ukraine’s reserves fell for four months. Oil eased for one, and they grew back.
The buffer that drained all spring just grew again. A new spike in oil prices says not for long.
Ukraine’s banks got too profitable to sell—so the deadline keeps slipping
The central bank sees a “good chance” of two sales by December. The price the market will pay says otherwise.
Ukraine’s economy posted its sharpest contraction since the wartime recovery began
Russian strikes drove Ukraine's sharpest economic contraction since the recovery began, and forecasters have cut the year to near zero.
Ukraine’s executives were most optimistic since the invasion. Oil had other plans.
The results capture a moment that no longer reflects current conditions.
Ukraine spent a year beating wartime inflation. A different war just reversed it.
Fuel costs surged 23% in March as the Middle East war pushed prices past the central bank’s forecast—and a rate hike is now on the table.
Ukraine pauses rate cuts as Middle East oil shock rewrites inflation forecast
The NBU had one cut behind it and more planned. Then oil prices spiked.
Ukraine’s fuel costs spike as global tensions push inflation above forecast
February’s 7.6% reading slightly missed the NBU’s forecast—fuel was the culprit.
Bank Lviv sale shows Ukraine’s development finance model can actually work
Three development funds spent 20 years on this. Crédit Agricole spent one deal buying the result.
Three-year loans up 50%, five-year up 72%—but Ukraine’s workforce just keeps shrinking
Three-year-plus loans grew 50% as companies bypassed cheap government programs. The binding constraint isn’t capital—it’s people.
What held Ukraine’s central bank back from a bigger rate cut?
First cut in over a year splits the committee three ways.
Ukraine cuts rates for the first time since invasion—now lower than Russia’s (INFOGRAPHIC)
First easing in almost four years comes as inflation falls and workers don’t return.
Ukraine hits 8% inflation as economy shrinks to fit its workforce (INFOGRAPHIC)
Non-food prices flatline, but the reason isn’t reassuring.
War forced Ukraine to build a banking system the EU doesn’t have (INFOGRAPHIC)
The country’s crisis-forged financial infrastructure is now a model for nations facing cyber threats and infrastructure attacks.
Ukraine holds at 15.5% as Russia’s rate swings
Ukraine’s central bank voted 10-1 to hold its key rate at 15.5%.
Ukrainians pour record savings into banks as real returns turn positive (INFOGRAPHIC)
Deposits hit a record 1.36 trillion hryvnias in November. In Russia, similar rates are squeezing the civilian economy.
Borscht gets cheaper, butter eases—Ukraine beats inflation forecast (INFOGRAPHIC)
Record vegetable harvest absorbs price shocks, but the cushion is fragile.
As Russian strikes hit industry, retail demand stays unexpectedly strong (INFOGRAPHIC)
Nine months of retail growth masks deepening trouble on factory floors.
EBRD joins the consensus: Ukraine’s war economy stalls
Major lenders agree: Ukraine’s war economy just hit a wall.