New agreement would help to address financing needs and maintain macroeconomic stability The Ukrainian economy has continued to pull out of sharp recession and the outlook has been bolstered by the prospect of renewed cooperation with the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) said. In its latest Regional Economic ... Read More
By Bermet Talant. Published Aug. 7. Updated Aug. 7 at 4:25 pm Over the last three weeks, the Ukrainian hryvnia has lost nearly four percent of its value against the dollar from Hr 26.23 on July 16 to Hr 27.13 on Aug. 7. While the depreciation is viewed as a natural phenomenon, economists express concerns ... Read More
The International Monetary Fund called on Ukraine’s parliament to “quickly approve” a supplementary law submitted by President Petro Poroshenko to establish a High Anti-Corruption Court that will “adjudicate all cases under its jurisdiction, including all appeals of relevant first instance court decisions.” The requirement that the High Anti-Corruption Court hears appeals of lower court decisions ... Read More
On the surface, Ukraine doesn’t look much like a country with a world-beating currency. An international bailout has been frozen for more than a year, its finance minister was fired last week and a Kremlin-backed war continues to simmer in its eastern climes. But almost halfway through 2018, the hryvnia is the No. 1 performer ... Read More
LONDON, May 21 (Reuters) – Ukraine is likely to need a new IMF bailout programme in the coming years to plug an up to $5.5 billion-a-year hole in its finances, the Institute of International Finance has warned. Ukraine is hoping to get a long-delayed $1.9 billion tranche from its current IMF package in the next ... Read More
By Natalia Datskevych. Published April 24. Updated April 24 at 3:39 pm An employee works on the field on April 13 in Kyiv Oblast. Agriculture has been one of the most successful sectors in Ukraine in attracting investment.Photo by Oleg Petrasiuk Although Ukraine’s economy is still struggling, leading experts predict economic growth in 2018. All ... Read More
Volodymyr Groysman, the Prime Minister of Ukraine met Ron van Rooden, the Head of the IMF mission on February 12 as the press service of the Ukrainian government reported. ‘The technical mission of the International Monetary Fund began its work in Ukraine. The aim of the mission is the discussion of the practical issues connected ... Read More
For the first time in five years, Ukraine sold its bonds on the international market. On September 18, the Ukrainian government sold $3 billion of fifteen-year Eurobonds with a 7.375 percent annual yield. The bond issue was oversubscribed by more than three times. Initial statements mentioned a planned sale of $2.5 billion, so the Ukrainian ... Read More
Thursday, April 13, Bitfury Group has announced its partnership with the government of Ukraine, to bring a range of Blockchain solutions to the electronic services of the latter. In an interview with Reuters, Valery Vavilov, CEO of Bitfury, has pointed out that the newly announced initiative is a sign of growing interest in the Blockchain ... Read More
There’s a witticism sometimes used among Ukrainians: “may you be forced to survive only on your official salary.” The quip is both a tongue-in-cheek nod to the endemic corruption that is a daily, often necessary, reality of life in Ukraine and also emblematic of a certain self-effacing, survivalist mentality constituent to the national character. In ... Read More
