Third attempt to sell OPP. One more fail.
The third attempt of the Ukrainian authorities over the last seven years to sell the Odesa Portside Chemical Plant (OPP) saw no result, yet again. Potential investors have ignored the auction scheduled by the State Property Fund (SPF) for December 14. The blame for another "D" in a test is shared by the SPF and the Cabinet, as both failed to properly prepare the chemical giant for its sale.
Week’s balance: in anticipation of IMF decision, Cabinet attack on "space-high" utility bills, and healthcare reform
The National Bank of Ukraine announced a plan of gradual forex liberalization, the State Property Fund sold a Ukrainian bank to a Chinese investor, while the Cabinet launched an attack on the "space-high" bills for central heating and decided how on how the country’s healthcare system would be funded – these are the main economic news of this week.
Week’s balance: Easing from Cabinet, warnings from National Bank and new portion of promises from EU
The Ukrainian Government canceled 367 regulations, the National Bank has softened a number of foreign exchange restrictions, while the European Union put forward conditions for Ukraine to receive a EUR 600 million assistance package , at the same time failing to resolve the main political issue of the past years - the introduction of a visa-free regime. These are the main economic news of the outgoing week.
Week’s balance: economic growth, skyrocketing utility bills, and productive Rada
The Ukrainian economy continues to grow, the Verkhovna Rada gave a start to a road reform, PM Groysman vowed to investigate inflated bills for central heating - these are the main economic news of this week.
Head of U.S.-Ukraine Business Council: "There is going to be a big battle in Washington but I think that the new U.S. Administration will be inclined to further provide support for Ukraine"
President of the U.S.-Ukraine Business Council (USUBC) Morgan Williams, a lifetime GOP supporter, explains what Donald Trump’s victory means for Ukraine, what changes are to come in bilateral relations between Kyiv and Washington, and why Putin is the evil force the world has to deal with.