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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
 
Business associations, investors call on lawmakers to secure next IMF tranche before July 20

Business associations, investors call on lawmakers to secure next IMF tranche before July 20

By Ilya Timtchenko. Published July 13. Updated July 13 at 7:14 pm Top investors and business associations have called on the Ukrainian government and parliament to make a deal with the International Monetary Fund in order to unlock a long-delayed $1.9 billion tranche of aid money for the country. If Ukraine does not receive further ... Read More
 
IMF calls for changes to anti-corruption court law, 2 other steps to restart lending in Ukraine

IMF calls for changes to anti-corruption court law, 2 other steps to restart lending in Ukraine

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
 
How 2018 Currency Champ Is Dodging the Emerging-Market Rout (Bloomberg)

How 2018 Currency Champ Is Dodging the Emerging-Market Rout (Bloomberg)

 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