Research - Adamant Capital is an independent investment company operating in the market since 2009. Our core areas of expertise include asset management, investment analytics, brokerage services, corporate finance, and factoring.

Our macroeconomic view is at your disposal

Adamant Сapital publishes a weekly fixed income and macro report to keep you abreast of the country’s latest developments. Ukraine can be a rapidly changing news story and our analysts are here to provide you with a view on the recent headlines. Our sales manager will be delighted to walk you through the effects of ongoing events on your investment portfolio.

To gain access to our research, please register here.

Latest publications:

25 September 2026

Download

US International Development Finance Corporation approves up to $535mn for Vodafone Ukraine and DTEK; part of the funds will refinance debt
Metinvest 1H26: revenue rose 3%, but the net loss widened to $202mn and cash halved
The government submits the 2027 draft budget to the Verkhovna Rada with an external financing need of $52.6bn

Download

18 September 2026

Download

International reserves fell by 5% in August to $48.7bn due to a decline in foreign aid amid persistently high foreign exchange interventions
Inflation accelerated to 8.1% YoY in August, prompting the NBU to raise its key policy rate to 16%
One of DTEK Energy's thermal power plants stopped generating after a series of Russian strikes

Download

10 September 2026

Download

Ballistic strike shuts down Kametstal: in our view, the controlling shareholder is unlikely to fund the October 2027 Eurobond redemption from assets outside Ukraine
MHP's European expansion: the Financial Times sets out the group's regulatory risk, and an environmental complaint reaches its development bank lender
Ukrenergo launches a liability management operation for $825mn in state-guaranteed Eurobonds

Download

Past publications