National Bank of Ukraine

In October 2024, Ukraine's international reserves decreased by 6% to $36. 6 billion due to the NBU's foreign exchange interventions and debt repayments. The NBU expects the reserves to grow to $43.6 billion by the end of the year.

The recognition of Olena and Yulia Sosedok as victims in the criminal proceedings against Oleksandr Zyma, Director of the Legal Department of the National Bank of Ukraine (NBU), indicates that the investigation has officially recognized the possible damage caused by his actions.

Olena and Yulia Sosedok were recognized as victims in the criminal proceedings against Oleksandr Zyma. The case concerns the interference of the NBU's chief lawyer in the lawsuits of Concord Bank in the amount of UAH 63.5 million.

In October 2024, the NBU transferred UAH 563. 4 million for the needs of Ukraine's defense. The funds were distributed between the National Guard (UAH 49.9 million) and the Ministry of Defense (UAH 508.3 million), with a total balance of UAH 1.5 billion on the special account.

The lawyer explained how obtaining victim status affects the investigation of a criminal case.

The NBU has set the official hryvnia exchange rate at 41. 2891 UAH/USD, up 7 kopecks. In banks and exchange offices, the dollar is trading at UAH 41.15-41.60, and the euro at UAH 44.75-45.25.

In 9 months of 2024, the share of non-performing loans in Ukrainian banks decreased to 32. 3%, which is 5% less than at the beginning of the year. Excluding PrivatBank's debts and old debts, the NPL share is 20.9%.

The index of business activity in October rose to 49. 4 points, approaching the neutral level. Businesses expect price increases and staff cuts amid fears of attacks on the energy sector and staff shortages.

Olena Sosedka and Yulia Sosedka are recognized as victims in the case against the Chief Lawyer of the National Bank.

The price of quality carrots in Ukraine has reached 18-25 UAH/kg due to active purchases by wholesalers and households. Prices are already 3.3 times higher than last year and may continue to rise.

The NBU expects international reserves to grow to USD 43. 6 billion in 2024 and USD 41 billion in 2025. The forecast is improved by the expected international assistance of USD 41.5 billion in 2024.

The NBU forecasts that Ukraine's real GDP will grow by 4% in 2024. In 2025-2026, the economy is expected to grow further by 4.3-4.6%, driven by international financing and external demand.

The National Bank of Ukraine expects inflation to rise to 9. 7% by the end of 2024. It is forecast to decline to 6.9% in 2025 and reach the 5% target in 2026.

The NBU expects moderate fluctuations in the exchange rate in both directions within the framework of managed flexibility.

The National Bank of Ukraine has kept its key policy rate at 13%. The regulator plans to keep the rate at least until the summer of 2025 to control inflation and bring it back to the 5% target.

An increase in the tax burden on bank deposits and businesses could become a powerful driver for destabilizing the hryvnia exchange rate due to rising demand in the foreign exchange market.

In 2022-2024, more than 8,000 cases of abuse of power were registered in Ukraine.

The Verkhovna Rada passed a bill to reform the Accounting Chamber. The body received expanded powers to audit all public funds, including local budgets and state-owned enterprises.

The NBU has set the official hryvnia exchange rate at 41. 37 UAH/USD, up 5 kopecks. On the interbank market, the dollar is trading at UAH 41.32-41.35, and the euro at UAH 44.64-44.66.

The State Bureau of Investigation is investigating a case of possible abuse by Oleksandr Zyma, director of the NBU's legal department. The official is suspected of unlawful interference in the affairs of the Deposit Guarantee Fund in relation to Concord Bank.

The NBU has set the official exchange rate at 41. 3292 UAH/USD and 44.69 UAH/€. On the interbank market, the dollar is trading at UAH 41.4-41.42, and in exchange offices at UAH 41.55-41.65.

The expert explained how russian propaganda uses corruption scandals to undermine the West's trust in Ukraine. Cases against officials have a negative impact on international aid and the image of the state.

In Lviv region, a drunken truck driver threatened patrol policemen with a grenade. He faces up to two years in prison.

Pavel Poliarush, the head of the NBU department who threatened the Belarusian volunteer, has been on sick leave for a month. An internal investigation is ongoing, but he has not submitted a resignation letter.

The NBU has set the official hryvnia exchange rate at 41. 26 UAH/USD, strengthening it by 1 kopeck. The euro is trading at 44.54 UAH, while exchange rates in exchange offices and banks range from 41.10-41.55 for the dollar and 44.50-45.10 for the euro.

The NBU attributes the decline in cash to seasonal factors, although the total amount of cash in circulation has increased by UAH 32. 1 billion since the beginning of the year.

MP Mykhailo Tsymbalyuk said that scandals with officials negatively affect the image of Ukraine. He called for a swift response to violations and the resignation of guilty officials.

The NBU has set the official hryvnia exchange rate at 41. 2739 UAH/USD, which strengthened the hryvnia by 6 kopecks. The dollar and euro are also trading at lower rates in banks and exchange offices.

Investigations with a flavor of impunity: the actions of the NBU's chief lawyer undermine confidence in the banking system.

NABU purchased 1000 medals for UAH 75 thousand of budget funds to reward detectives. The winner of the tender was the NBU, which is to deliver the medals by October 30, 2024.