National Bank of Ukraine

Expert tells how gray grain exports affect Ukraine's economy.

The National Anti-Corruption Bureau of Ukraine purchased services for the repair of toilets worth more than UAH 3 million. Interestingly, this money can be used to buy, for example, about 12 stations of the "Sinitsa" radio electronic security system with 6 bands (the price of one station is about 250 thousand hryvnias)

Ukraine's central bank is expected to cut its prime rate by 0. 5 percentage points to 13% on Thursday, despite the economic impact of Russia's attacks on energy infrastructure and the downgrade of its 2023 growth forecast from 3.6% to 3% due to these attacks.

The National Bank of Ukraine has set the official hryvnia exchange rate at 40. 4441 UAH/USD, strengthening the hryvnia by 7 kopecks.

In the first quarter of 2024, Ukrainians made 1. 8 billion non-cash transactions in the amount of UAH 961 billion using payment cards, and most transactions took place in retail chains and during transfers from card to card.

In May 2024, Ukrainians set a record rate for buying cash currency in the equivalent of 2 2. 24 billion, which is 1 1.04 billion higher than its sale.

In Ukraine, there are many examples when banks won courts of all instances in the National Bank, even the Supreme Court. Despite this, not a single NBU official was involved in making an illegal decision.

The National Bank of Ukraine devalued the hryvnia by 9 kopecks, setting the official exchange rate on June 10 at 40. 2485 UAH/dollar.

The government cancels import duties and VAT on energy equipment, launches a program of concessional lending for enterprises to purchase energy equipment and offers citizens loans at 0% in the amount of up to UAH 480,000 for the purchase of energy equipment.

Due to gray grain exports and tax evasion schemes, billions of hryvnia are not received by the state budget of Ukraine, which seriously affects the economy and the pockets of citizens.

Law enforcement officers have exposed an illegal scheme of misappropriation of real estate worth more than 282 million hryvnias, owned by PJSC "HC "Kyivmiskbud".

In May 2024, the National Bank of Ukraine applied measures of influence to three banks and one non – bank financial institution for violating the legislation in the field of preventing and countering the legalization (laundering) of proceeds from crime, the financing of terrorism and the financing of the proliferation of weapons of mass destruction (hereinafter referred to as PMCs/FT).

NABU exposed lawyer Nosov on a bribe in the interests of Alliance Bank, the media write.

The National Bank of Ukraine has set the official Hryvnia exchange rate at UAH 40. 1537/dollar, devaluing the hryvnia by 3 kopecks.

Ukraine's international reserves decreased by 7. 9% to $39 billion as of June 1, 2024 due to currency interventions by the National Bank of Ukraine to ensure exchange rate stability, payments on foreign currency debts and payments to the International Monetary Fund, which was partially offset by proceeds from the placement of government bonds in foreign currency and international partners.

How the state fights against "black" grain exports and what schemes unscrupulous businessmen come up with.

According to the lawyer, officials of the National Bank who decided to illegally liquidate Concord bank should be brought to justice.

The National Bank of Ukraine has set the official Hryvnia exchange rate at UAH 40. 1254/dollar, strengthening the hryvnia by 17 kopecks.

In 2025, real wages in Ukraine will exceed their pre-war levels due to labor shortages caused by migration and mobilization, which will lead to increased competition for skilled workers and force employers to raise wages.

According to the forecast of the National Bank of Ukraine, inflation in Ukraine will accelerate moderately in the coming months and slightly exceed 8% by the end of the year. This is due to the exhaustion of the effect of high profitability last year. War also affects.

Due to losses in the energy sector, the NBU lowered its economic growth forecast for this year from 3. 6% to 3%. However, economic growth is expected to accelerate to 4-5% in the coming years.%

The National Bank of Ukraine and the deposit guarantee fund violate the rights of bank owners, including the right to unhindered ownership of property, due to the lack of proper judicial control over their actions, which leads to potential abuses and the inability to effectively challenge the decision to withdraw banks from the market or liquidate them.

The National Bank of Ukraine has set the official Hryvnia exchange rate at UAH 40. 2948/dollar, strengthening the hryvnia by 19 kopecks.

The head of the National Bank of Ukraine explained that expanding access to financial services, including the reintegration of territories, veterans and solving problems with migration flows, is a requirement of the IMF for Ukraine to receive the next tranche of assistance.

Funds in the amount of 2 2. 2 billion allocated to Ukraine by the IMF will be used to finance budget needs and replenish the National Bank's gold and foreign exchange reserves.

The National Bank will not be responsible for the illegal liquidation of Concord, because there is collective irresponsibility in the country, the MP believes.

The National Bank of Ukraine has fined Oschadbank JSC UAH 170,000 for violating the legislation regulating market activities in the payment market.

The National Bank of Ukraine has set the official Hryvnia exchange rate at UAH 40. 4813/USD., which strengthened the hryvnia by 5 kopecks.

The court granted the request of the Prosecutor General's office to transfer the property (SEC "Gulliver") to the Office of the National Agency of Ukraine for identification, search and management of assets obtained from corruption and other crimes (ARMA), the Shevchenko District Court of Kyiv reported on Monday.

Dnipropetrovsk District Administrative Court declared illegal and overturned the decision of the National Bank of Ukraine to revoke the license and liquidate Concord bank.