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NBU

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The National Bank of Ukraine (NBU) plays a pivotal role in shaping the nation's economic landscape in 2025. Despite a reported $545 million from IT services exports in March, figures remain lower compared to previous years. The NBU's artificial maintenance of the hryvnia exchange rate also raises concerns as it affects export competitiveness and encourages the population to purchase foreign currencies, impacting the domestic economy. Additionally, the NBU signals that further tax increases may be necessary should the budget demand it, highlighting possible fiscal strategies amidst ongoing economic challenges. The institution's actions in currency control and fiscal policy emphasize its integral role in navigating Ukraine's financial health amid external pressures and internal demands.

How is the NBU impacting Ukraine's IT exports in 2025?

The NBU reported that Ukraine's IT exports reached $545 million in March 2025, highlighting growth potential. However, exports still lag behind previous years, indicating room for improvement in global competitiveness.

What effect does the NBU's exchange rate policy have on the economy?

The NBU's artificial maintenance of the hryvnia exchange rate is suppressing exports by affecting their competitiveness and incentivizing wealthy Ukrainians to purchase foreign currency and imported luxury goods, impacting the local economy.

Are there tax changes anticipated by the NBU in 2025?

The National Bank of Ukraine does not rule out the introduction of new tax initiatives if additional budget needs arise, suggesting possible fiscal adjustments in response to economic conditions and budgetary pressures.

What is the current economic forecast by the NBU?

The NBU forecast indicates a slowed inflation rate to 14.8% this year and a stable GDP, suggesting some signs of economic stabilization. However, challenges in exports and currency management persist.

How is the NBU involved in Ukraine's potential EU accession?

The National Bank of Ukraine announced that the European Commission has begun screening Ukrainian financial legislation, part of preparations for potential EU accession, indicating the NBU's role in harmonizing Ukraine's financial framework with European standards.

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News NBU

The head of the NBU called for more active lending to Ukrainian weapons manufacturers. "Priority sector for country": NBU governor urges banks to step up lending to Ukrainian arms manufacturers The National Bank of Ukraine (NBU) has called on commercial banks to increase lending to defense industry enterprises. 9 0 Previously in trend: Ukrainian weapons production Drone industry

Exports of Ukrainian IT services are growing, but lagging behind previous years’ figures Ukrainian IT exports growing, but still lag behind previous years – NBU Ukraine’s IT services exports reached $545 million in March 2025, according to the National Bank of Ukraine (NBU), cited by the industry outlet DOU. 59 0

hryvnia, Pyshnyi NBU’s artificial maintenance of hryvnia exchange rate suppresses exports and incentivizes population to purchase foreign currency - investigation The National Bank of Ukraine, led by Andrii Pyshnyi, has been overly focused on maintaining the hryvnia exchange rate, enabling wealthy Ukrainians to purchase more dollars and imported luxury goods. 37 0

Нацбанк не відкидає підвищення податків National Bank does not rule out further tax increases in Ukraine The National Bank of Ukraine does not rule out the introduction of new tax initiatives in case of additional budget needs. 1 777 18

Конфлікт між Трацевським та Полярушем Conflict between top NBU official Poliarush and Belarusian volunteer Tratsevsky occurs in Kyiv. VIDEO Belarusian volunteer Andrei Tratsevsky (Bezsmertny) said that Pavel Poliarush, head of the National Bank's Department for Work with Troubled Assets, had threatened him. 20 526 83

НБУ Accession to EU: European Commission starts screening Ukrainian financial legislation On March 14, the European Commission launched an official screening of Ukraine’s financial legislation. This is Chapter 9 "Financial Services" of the negotiating framework for Ukraine’s accession to the EU. 618 0 Ukrainian Politics

пишний Ukraine may receive more than $10 billion in March-April - Head of National Bank Pyshnyi In March-April, the National Bank of Ukraine expects to receive a EUR 10 billion tranche, which will significantly increase the volume of international reserves. 1 460 20 Ukrainian Politics

пишний Reports that Ukrainians are withdrawing money from their accounts due to draft law on mobilisation are not true - head of NBU Pyshnyi The head of the National Bank, Andrii Pyshnyi, denied reports by Russian propagandists that Ukrainians allegedly withdraw funds from bank accounts, fearing possible restrictions for evaders in the new mobilization bill. 4 238 54 Economics

Данило Гетманцев National Bank may restrict money transfers: "servant of people" Hetmantsev announced details The NBU has identified massive shadow financial transactions in banks and non-bank financial institutions and may restrict money transfers. 21 245 68 Ukrainian Politics

рожкова Within framework of existing legislation, it is not possible to limit financial transactions of evaders, - Deputy Head of NBU Rozhkova Currently, there is no legal way to restrict the financial transactions of citizens who evade mobilisation. 16 254 201 Previously in trend: War

війна,зсу,мобілізація Since beginning of full-scale invasion, UAH 32.7 billion has been transferred from NBU special account for defense needs - NBU press service More than UAH 32.7 billion has been transferred from the special account opened by the National Bank for defense needs since the beginning of the full-scale war, including more than UAH 10.3 billion in 2023. 491 2 War in Ukraine

страйк,поляки,польща,блокування Ukraine may lose 1.5 billion dollars due to blockade of western borders, - NBU The country may lose 1.5 billion dollars due to restrictions on the movement of freight transport through the western borders of Ukraine in November and December. For December, the reduction is 620 million dollars. 1 194 29 Economics

монета,залізничники National Bank dedicates new commemorative coin to Ukrainian railroad workers. PHOTOS On the 32nd anniversary of the establishment of Ukrzaliznytsia, December 14, 2023, a new commemorative coin "Country of Superheroes. We thank the railroaders!". 3 054 2 Society

гроші,долар Since beginning of 2023, Ukraine has received almost $37.4 billion in international aid, - NBU Since the beginning of the year, Ukraine has received international aid for almost $37.4 billion. Of these, more than $4.7 billion came in October-November. 658 1 Previously in trend: Financial assistance to Ukraine

взятка,валюта,доллар,доллары NBU Head Pyshnyi: NBU did not set any restrictions on currency exchange based on banknote issue year NBU Governor Andriy Pyshnyi explains Ukraine’s central bank’s policy on innovations in currency exchange 9 762 52 Economics

супермаркет Inflation will slow down to 14.8% this year, National Bank forecast Inflation will slow down to 14.8% in 2023, to 9.6% in 2024, and to 6% in 2025. 672 8 Economics

ввп Economy is revving up, real GDP will not fall this year, - NBU forecast In 2022, the real GDP of Ukraine decreased by 29.1%. This is the largest annual decline in the economy in the entire history of the country. But growth is expected already this year. 3 354 74 Economics

краматорськ,руйнування Direct losses from war with Russian Federation - 2/3 of pre-war GDP of Ukraine, - NBU Direct losses of material assets and infrastructure of Ukraine from the war with the Russian Federation amount to approximately 140 billion US dollars, that is, about 2/3 of the country’s pre-war GDP. 2 318 34 Previously in trend: War

райффайзен NBU warned Raiffeisen against exchanging assets with Sberbank of Russian Federation: This is unacceptable The National Bank of Ukraine urged the Austrian banking group Raiffeisen Bank International not to delay exiting the Russian market. He warned her against exchanging assets with Sberbank in Austria. 3 143 5 Previously in trend: Sanctions against Russia

гроші This year, real wages of Ukrainians will decrease by quarter, - NBU According to the results of 2022, the real wages of Ukrainians will be reduced by a quarter. The NBU declares that the labor market has currently stabilized at a low level. 4 949 61 Economics

магазин,ціни Inflation accelerated to 24.6%, prices are rising because of war, - NBU In September 2022, consumer inflation in Ukraine accelerated to 24.6% on an annual basis (from 23.8% in August). Despite depressed demand, inflationary pressure persists because of the war. 3 267 56 Economics

пишний Pyshny was appointed head of National Bank of Ukraine The Verkhovna Rada appointed Andrii Pyshny to the post of chairman of the National Bank. 290 People’s Deputies voted "for". 8 750 28 Incidents

шевченко Council dismissed Shevchenko, head of National Bank Head of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has officially left his post. His resignation was approved by the parliament. 7 075 34 Ukrainian Politics

шевченко Head of NBU Shevchenko resigned The head of the National Bank, Kyrylo Shevchenko, has officially announced that he is resigning. 21 995 77 Ukrainian Politics

зерно,урожай,пшениця,жнива,врожай,збір,ячмінь Due to war, Ukraine lost 40% of early grain harvest. INFOGRAPHICS In Ukraine, harvesting of early cereals and rape is almost finished. The crop is currently 40% lower than last year, mainly due to smaller harvesting areas, while yields are only 12% lower than last year. 1 404 2 Previously in trend: War

рубль,долар Ukraine’s international reserves began to grow in August, - NBU Foreign exchange receipts to the government’s accounts at the National Bank of Ukraine in August amounted to 4.79 billion dollars. Thus, Ukraine’s international reserves increased by 13.6% in August and amounted to 25.4 billion dollars on September 1. 2 165 16 Previously in trend: War

валют,обмін,валюти National Bank banned displaying exchange rates on the street, so as "not to disturb the situation". Ukraine's National Bank accused the non-banking institutions engaged in currency exchange in an artificial increase of the exchange rate and imposed restrictions on their work. 26 573 222 Economics

обмін Hryvnia in exchange offices collapsed after NBU's decision to raise exchange rate On July 21, the average hryvnia exchange rate on the black market fell by almost a hryvnia compared to the morning quotations and currently fluctuates between UAH 37.56 and UAH 37.96 per dollar. 52 366 148 Economics

нбу NBU raised discount rate from 10% to 25% For the first time since the full-scale Russian invasion, the National Bank changed the discount rate and decided to raise it from 10% to 25%. 9 230 34 Economics

united24 Zelensky has launched global fundraising platform for Ukraine United24 President of Ukraine Volodymyr Zelensky has initiated the creation of the global project United24, which aims to unite people from around the world in their desire to help our country. 2 763 31 Previously in trend: Aid to Ukraine War

нбу,нацбанк Memorandum of Cooperation was signed between central banks of Ukraine and Poland The national banks of Ukraine and Poland signed a joint memorandum of cooperation during the war. It will facilitate the exchange of information and mutual support between the two central banks. 2 027 3 Previously in trend: War

нбу,нацбанк There are only UAH 15 million left on special account to help army, - NBU The special account of the National Bank of Ukraine (NBU) has only UAH 15 million left to help the army. UAH 14.35 billion has already been allocated for the needs of the military. 22 472 59 Economics

Rada adopts at final reading Rada adopts at final reading 'bank' bill necessary for IMF program The Verkhovna Rada adopted at the final reading "bank" bill No. 4367, the adoption of which is an important condition within the framework of the Stand-By Arrangement (SBA) of the International Monetary Fund (IMF). 960 13 Ukrainian Politics

Rada to pass all laws necessary to continue cooperation with IMF by June 1 – Arakhamia Rada to pass all laws necessary to continue cooperation with IMF by June 1 – Arakhamia By June 1, the Verkhovna Rada will adopt all the necessary laws to continue cooperation with the International Monetary Fund (IMF), head of the Servant of the People faction David Arakhamia said. 1 965 20 Ukrainian Politics

New tapes show Vovk helped Kolomoisky win lawsuit - media New tapes show Vovk helped Kolomoisky win lawsuit - media Ukraine’s most scandalous judge, Pavlo Vovk, has helped billionaire oligarch Ihor Kolomoisky win a lawsuit, according to new audio recordings published on April 15 by the Slidstvo.info investigative journalism project 13 437 24 Previously in trend: Nationalization of Privatbank Searches in Kyiv District Administrative Court

Ukraine can count on two IMF tranches – NBU governor Ukraine can count on two IMF tranches – NBU governor Ukraine can count on two tranches of the International Monetary Fund (IMF) due to a long negotiation process, Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said. 3 619 21 Economics

President President's Office expresses concern about internal strife in NBU The Office of the President in connection with the growing concern about internal strife in the National Bank of Ukraine (NBU) calls on the NBU leadership to abandon personal ambitions and work for one goal – macroeconomic stability of Ukraine and the prosperity of every citizen. 2 434 20 Ukrainian Politics

Court resumes consideration of claim on return of PrivatBank shares to Kolomoisky Court resumes consideration of claim on return of PrivatBank shares to Kolomoisky The panel of judges of the Northern Economic Court of Appeal, consisting of Vitaliy Korsak, Olha Popikova and Oleksiy Yevsykov, overturned the decision of the judge of the Economic Court of the city of Kyiv Liudmyla Shkurdova to suspend the consideration of the claim of ex-owners of PrivatBank (Kyiv) Ihor Kolomoisky and Triantal Investments on the return of their shares. 7 316 47 Ukrainian Politics

NBU expects to receive IMF tranche at year-end – Shevchenko NBU expects to receive IMF tranche at year-end – Shevchenko The National Bank of Ukraine (NBU) expects to receive a tranche from the International Monetary Fund (IMF) at the end of 2020. 758 21 Ukrainian Politics

Ukraine Ukraine's GDP will decline by 6% in 2020 - NBU Ukraine's gross domestic product will decline by about 6% in 2020, according to preliminary forecasts of the National Bank of Ukraine (NBU). 3 143 76 Ukrainian Politics

NBU decides to liquidate Bank Arcada NBU decides to liquidate Bank Arcada The National Bank of Ukraine (NBU) on September 24 made a decision to revoke the banking license and liquidate Bank Arcada (Kyiv), according to the regulator's website. 2 735 12 Economics

NBU deputy governor: Ukraine can get only one IMF tranche by year-end NBU deputy governor: Ukraine can get only one IMF tranche by year-end According to preliminary forecasts of the National Bank, Ukraine will be able to get only one loan from the International Monetary Fund by the end of the year. 8 965 71 Ukrainian Politics

Court award to collect $350 mln from PrivatBank in favor of Surkis Court award to collect $350 mln from PrivatBank in favor of Surkis' companies appealed Minister of Justice Denys Maliuska announced the filing of an appeal against the ruling of the Pechersky District Court of Kyiv issued on September 2 by Judge Serhiy Vovk to collect about $350 million from PrivatBank in favour of the Surkis brothers' companies as part of an interim measure pending the hearing of the dispute on the fairness of attributing these deposits to the bail-in procedure. 6 035 33 Ukrainian Politics

NBU withdraws 25-kopeck coins from circulation on October 1 NBU withdraws 25-kopeck coins from circulation on October 1 The National Bank of Ukraine (NBU) will remove coins with the value of 25 kopecks from circulation on October 1, 2020. 7 404 27 Economics

IMF hopes new NBU governor will maintain central bank IMF hopes new NBU governor will maintain central bank's independence The International Monetary Fund (IMF) has wished success to newly appointed Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and expects the central bank's independence and high level of professionalism to be maintained under his leadership. 1 119 10 Ukrainian Politics

Government ready to cooperate with NBU to revive economy – PM Shmyhal Government ready to cooperate with NBU to revive economy – PM Shmyhal Prime Minister Denys Shmyhal has congratulated Kyrylo Shevchenko on his appointment as new Governor of the National Bank of Ukraine. 2 999 138 Ukrainian Politics

Rada supports appointment of Shevchenko as NBU governor Rada supports appointment of Shevchenko as NBU governor The Verkhovna Rada of Ukraine has supported the appointment of Kyrylo Shevchenko, the chairman of the board of Ukrgasbank for the post of governor of the National Bank of Ukraine (NBU). 21 340 155 Ukrainian Politics

IMF leader tells Ukraine IMF leader tells Ukraine's president to keep central bank independent The International Monetary Fund on Tuesday appealed directly to Ukraine’s president to maintain the independence of the country’s central bank after its governor quit July 1, complaining of "systematic political pressure." 7 395 61 Ukrainian Politics

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