Ukraine Parliament Discusses Draft Law on Strengthening Mobilization and Military Registration

Ukraine Parliament Discusses Draft Law on Strengthening Mobilization and Military Registration

“I think that in the process of its development in parliament, we should have discussions and exchange of views,” he said. As Pyshny noted, mobilization issues are not within the competence of the NBU, since these are issues of the Cabinet of Ministers, the Ministry of Defense and the General Staff. But the bill provides … Read more

NBU Head Assures Ukraine Has “Plan B” Amid US Assistance Problems

NBU Head Assures Ukraine Has “Plan B” Amid US Assistance Problems

Amid problems with providing financial assistance from partners, the head of the NBU explained that there is no need to worry yet. “We remain optimistic – we understand that for a certain period of time Ukraine will have to survive at the expense of its own resources and its own sources,” Pyshny said. He explained … Read more

The Dangerous Consequences of Raising the Discount Rate: Excess Profits for Banks and the Negative Impact on Lending Rates

The Dangerous Consequences of Raising the Discount Rate: Excess Profits for Banks and the Negative Impact on Lending Rates

From the beginning of raising the discount rate to 25%, I was sure that this was a dangerous and senseless step. The transformation tool in our imperfect financial system does not work: after the increase in discount rates, banks did not increase their deposit rates. They did not believe that such nonsense could drag on … Read more