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Ukraine outlook bolstered by renewed IMF cooperation, EBRD says

Ukraine outlook bolstered by renewed IMF cooperation, EBRD says

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
 
Can corporate governance reform at Ukrainian state-owned companies attract international energy investment?

Can corporate governance reform at Ukrainian state-owned companies attract international energy investment?

Improving corporate governance in Ukraine would send a strong signal to international investors that the country’s energy sector is an attractive prospect Investments in energy production and sustainable energy supply infrastructure are powerful drivers of economic growth and quality of life improvements. However, this does not come cheaply. Increases in oil and gas exploration and ... Read More
 
General Electric signs second contract with DTEK for wind turbines

General Electric signs second contract with DTEK for wind turbines

U.S.-based General Electric (GE) signed another contract with Ukrainian energy giant DTEK on Oct. 17 to supply 26 more wind turbines to Prymorska wind farm, doubling its generating capacity to 200 megawatts. The new turbines will be erected on the shores of the Azov Sea in the same area of Zaporizhia Oblast, some 700 kilometers ... Read More
 
YES 2018: Ukraine, once again, warns EU of Nord Stream 2 threat to security

YES 2018: Ukraine, once again, warns EU of Nord Stream 2 threat to security

By Bermet Talant. Published Sept. 17. Russia’s new pipeline to Europe, Nord Stream 2, will cost Ukraine $3 billion in lost transit fees for piping Russian gas across its territory, a Ukrainian official reckons. But the project harms not only Ukrainian economy – it threatens European security too, Andriy Kobolyov, CEO of Ukrainian state oil ... Read More
 
Survey: Corruption, distrust of courts making foreign firms wary of investing in Ukraine

Survey: Corruption, distrust of courts making foreign firms wary of investing in Ukraine

By Toma Istomina. Published Sept. 12 Corruption and fears of not getting a fair hearing in court are the main obstructions blocking foreign investment into Ukraine, according to the latest investor survey by investment bank Dragon Capital, the European Business Association, and the Centre for Economic Strategy. They have been selected by foreign investors as ... Read More
 
Swedish giant IKEA to enter Ukraine’s market in 2019

Swedish giant IKEA to enter Ukraine’s market in 2019

By Toma Istomina. Published Sept. 12 It looks like flat-pack furniture giant IKEA has finally decided to put together a business in Ukraine. The Swedish retailer confirmed on Sept. 12 that it will enter Ukraine’s market, opening a store in Kyiv in 2019. The official announcement from the company came minutes after Ukrainian President Petro ... Read More
 
Groysman concedes need for gas price hike

Groysman concedes need for gas price hike

By Denys Krasnikov. Published Aug. 25. Prime Minister Volodymyr Groysman said that Ukraine needs to raise gas prices, signaling that he may be willing to meet a condition from the International Monetary Fund for Ukraine to receive its next loan tranche. At a press briefing in Lutsk on Aug. 23, Groysman said Ukraine recognizes its obligation to raise gas ... Read More
 
Feuds freeze gas market modernization

Feuds freeze gas market modernization

By Josh Kovensky. Published July 13 at 2:26 pm The deadline is Aug. 1. That’s the end date of the biggest fight on Ukraine’s gas market right now, which pits the state-owned Naftogaz and its subsidiary UkrTransGaz against gas oligarch Dmytro Firtash, currently trapped in Vienna as he fights off extradition to the United States ... Read More