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
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
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
A little bit better than Morocco, but not as good as Botswana. That’s how Ukraine does in the 2017 Global Foreign Direct Investment Country Attractiveness Index, in which the country ranks 61st out of 109 countries. And it has slipped one place in the ranking since last year. Foreign direct investments (FDI) in Ukraine collapsed ... 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. The Permanent Court of Arbitration in The Hague has ordered Russia to pay $159 million in compensation to 18 Ukrainian companies and one individual for property seized after Russia’s occupation of the Ukrainian territory of Crimea. The decision, issued on May 10, is the first ruling on compensation issued against Russia in ... Read More
By Natalia Datskevych. The value of Ukraine’s land will triple, to $3,500 per hectare, if Ukraine cancels restrictions on land ownership, the World Bank believes. Satu Kahkonen, World Bank country director for Belarus, Moldova and Ukraine, told news agency Bloomberg in a story published on May 7 that the country’s budget is losing billions of ... Read More
May 3, 2018 Anders Åslund Kyiv. The new conventional wisdom is that four years after Maidan, reforms have stalled in Ukraine and corruption has consumed the leadership. But this picture is hardly true. Certainly, the economy has stabilised, but economic growth stopped at 2.1 per cent last year. Yet a broad reform agenda is still ... 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
