A new type of economy has taken shape in Ukraine — and the most appropriate term for it is Donornomics. In textbooks, an economy is a...

Following reports that the IMF is insisting on a hryvnia devaluation as part of negotiations for a new program worth roughly $8 billion (according to Bloomberg/Reuters estimates), the topic has entered the public domain. The National Bank of Ukraine (NBU) denies any “IMF-driven devaluation,” citing inflation and social risks. Yet the actual exchange-rate dynamics indicate a gradual adjustment: • On 1 October 2025, the official USD/UAH rate stood at ₴41.1420 (NBU).• On 20 Octo

Officially, this measure is temporary, until the first quarter of 2027. In practice — it is the third consecutive extension. For the state budget, it is a quick fix: according to estimates, the government will collect an additional UAH 15–23 billion in 2026. In wartime conditions, that looks tempting. The banking sector remains profitable — with over UAH 150 billion in net profit in 2024 — so the political logic is simple: “take it from those who have it.” From an economic st

While the Ukrainian authorities continue to speak of “macroeconomic stability” and “high reserves,” the country is in fact entering a...

The global trade model that dominated the post-Cold War era is being quietly but fundamentally rewritten. For decades, the US offered its...

The National Bank of Ukraine has kept its key policy rate at 15.5% per annum, citing a decline in inflation to 13.2% and the persistence...

As Ukraine enters autumn 2025, its economy teeters on the brink of a new macroeconomic shock, with its recovery potential exhausted. The...