Ukraine and IMF: Critical point

Ukraine and IMF: Critical point

Without external financial support, Ukraine will in the coming years not be able to pay back its debts. UNIAN clears up why the country's key creditor, the International Monetary Fund, insists on raising gas prices and creating an independent anti-corruption court in order to continue providing assistance to Kyiv.
12:00, 21.02.2018
Week's milestones. Forced departure, counterattack in court, and anti-corruption turbulence in Odesa

Week's milestones. Forced departure, counterattack in court, and anti-corruption turbulence in Odesa

Mikheil Saakashvili's experience shows that the readmission deal between Ukraine and EU is fully functioning. NSDC Secretary Oleksandr Turchynov battled in court a rather confident group of Viktor Yanukovych lawyers in a high-profile treason case against the former president. The situation in Donbas remains complicated. Odesa Mayor Gennady Trukhanov is safely back in office despite an ongoing investigation of his alleged complicity in embezzlement.
16:00, 19.02.2018
Week's balance: IMF mission's visit, government report, Ryanair's second coming

Week's balance: IMF mission's visit, government report, Ryanair's second coming

The IMF technical mission visited Kyiv, the Cabinet of Ministers reported on its performance in 2017, while the European discounter Ryanair announced its intention to undertake a second attempt to enter the Ukraine market - these are the key economic news of the past week.
11:40, 19.02.2018
Same-sex marriage in Ukraine: accept or deny?

Same-sex marriage in Ukraine: accept or deny?

When on Valentine's Day the Minister of Justice personally greets Ukrainian newlyweds who decided to bond on this romantic occasion, perhaps it will also be great to recall that there are also many same-sex couples in Ukraine who, unfortunately, are deprived of the right to create a formal family.
23:40, 14.02.2018
No investment boost for Ukraine despite interest

No investment boost for Ukraine despite interest

The investments so necessary for the stable growth of the Ukrainian economy leave much to be desired. Investors are in no hurry to enter the Ukrainian market, and it’s not so much because of the situation in the east of the country, but because of corruption, poor business climate, and a slowdown in reform. Experts are convinced that if nothing changes in the near future, no investment growth is to be expected.
17:50, 13.02.2018
Week’s milestones. Ball in Austria, breakfast in U.S., and initiatives in Ukraine

Week’s milestones. Ball in Austria, breakfast in U.S., and initiatives in Ukraine

Petro Poroshenko’s participation in the Vienna Ball sparked a harsh reaction in social networks. The overseas trip of dozens of parliamentarians to take part at a prayer breakfast in Washington complicated the operations of the Verkhovna Rada. PM Groysman tried on himself a toga of a constitutionalist. Mikheil Saakashvili lost the appeal for a refugee status. Ex-MP Oleksandr Shepelev returned to Ukraine rather unexpectedly. A number of politicians came up with a number of initiatives in the context of the presidential campaign. NABU Director Artem Sytnyk called his agency ineffective without an Anti-Corruption Court.
20:40, 12.02.2018
Week’s balance: IMF is back, Naftogaz announces gas purchase from Gazprom, hryvnia growing

Week’s balance: IMF is back, Naftogaz announces gas purchase from Gazprom, hryvnia growing

IMF’s technical mission is expected to arrive in Kyiv on Feb 12, Naftogaz reported it would soon start purchasing gas from Gazprom, the Verkhovna Rada resumed its work after the New Year holidays, adopting a number of important laws, while the hryvnia rate pleased with the latest strengthening - these are the main economic developments of the outgoing week.
11:40, 11.02.2018
Week’s milestones. Groysman’s spring, renaming by Lutsenko, and Saakashvili return

Week’s milestones. Groysman’s spring, renaming by Lutsenko, and Saakashvili return

Ukraine’s prime minister promised "a spring of reform", while his Cabinet laid off fiscal chief Roman Nasirov. The prosecutor general while in Brussels spoke about anti-corruption efforts and while in Kyiv – about the reasons to rename "Boyko’s drilling rigs". The NSDC secretary announced the creation of cyber warfare units and successful tests of Ukrainian-made cruise missiles. The newly-created "National Squads" caused quite a stir in social media. Mikheil Saakashvili, whom the court earlier put on a curfew, resumed mass rallies of his supporters.
12:20, 05.02.2018
Week’s balance: Cabinet sacks Nasirov, raises UAH 2.5 bln on 4G license sales, while Ukraine’s balance of payments retains surplus

Week’s balance: Cabinet sacks Nasirov, raises UAH 2.5 bln on 4G license sales, while Ukraine’s balance of payments retains surplus

Following a long saga of scandals, the government finally fired head of the Fiscal Service Roman Nasirov. Mobile operators paid UAH 2.5 billion for 4G licenses. The inflow of foreign currency to Ukraine exceeded the outflow. That’s what made the main news this week.
11:40, 03.02.2018
Head of the British Ukrainian Chamber of Commerce Bate Toms: Ukraine already has the largest IT outsourcing sector in Europe and third largest in the world, Ukraine is going to beat the Indians the way you are going.

Head of the British Ukrainian Chamber of Commerce Bate Toms: Ukraine already has the largest IT outsourcing sector in Europe and third largest in the world, Ukraine is going to beat the Indians the way you are going.

In an interview with UNIAN, Chairman of the British Ukrainian Chamber of Commerce, Bate Toms, spoke about the factors, besides general corruption, scaring off investors, and on how the problem could be tackled. He also named the areas of Ukrainian economy most attractive to foreign investment and talked about the aspects Ukraine should focus on when cooperating with Britain following Brexit.
17:50, 02.02.2018
Yuriy Lutsenko: I don’t support the "jail three of your friends" formula. I think it’s better to choose friends more carefully not to face the need to jail them

Yuriy Lutsenko: I don’t support the "jail three of your friends" formula. I think it’s better to choose friends more carefully not to face the need to jail them

The Prosecutor General of Ukraine told UNIAN whether the PGO would be opening cases against Russian deputies and judges of the Constitutional Court of the Russian Federation, whose actions led to the annexation of Crimea and Moscow’s subsequent aggression against Ukraine. He also spoke about the developments in the cases of Yanukovych allies Kurchenko, Klymenko and Stavytskiy, and whether the prosecutors withdrew tax evasion claims to Finance Minister Danyliuk.
17:50, 01.02.2018
Pressure of sanctions: what awaits gang of "swindlers and thieves"

Pressure of sanctions: what awaits gang of "swindlers and thieves"

Sanctions against Russia are not the first and definitely not the last case when restrictive measures are applied in world history. And as the Kremlin is flaunting its alleged global influence, the sanctions simply do their job.
17:50, 31.01.2018
Week’s milestones. Significant anniversaries, revival of Central Election Commission, and updates from political parties

Week’s milestones. Significant anniversaries, revival of Central Election Commission, and updates from political parties

Ukraine marked the 100th anniversary of the proclamation of independence and the 99th anniversary of the Unification Act. Popular ratings don’t let any contestants in the upcoming presidential race relax. The president suggested that the composition of the Central Election Commission be renewed, forcing Yulia Tymoshenko to cut her winter vacation. The Yanukovych treason trial continues. Reshuffles stroke several parties at a time.
17:50, 29.01.2018
Week’s balance: Poroshenko vows reform to IMF and investors, NBU ups outlook for economy growth and fights inflation

Week’s balance: Poroshenko vows reform to IMF and investors, NBU ups outlook for economy growth and fights inflation

Last week, President Petro Poroshenko led a delegation of Ukrainian officials to the World Economic Forum in Davos, where he persuaded IMF Managing Director Christine Lagarde and potential investors in the country’s readiness to continue reforms and fulfill conditions for receiving another tranche of the loan, the National Bank improved its outlook for economic growth for 2018, at the same time pumping up its key rate aiming to tackle inflation, while Naftogaz in an attempt to push the government to accelerate the gas market reform, requested a UAH 110 bln compensation from the budget.
11:40, 28.01.2018
Week’s milestones. Change of approaches in Donbas, growth forecasts by Groysman, and "schemes" for President

Week’s milestones. Change of approaches in Donbas, growth forecasts by Groysman, and "schemes" for President

The Verkhovna Rada this week adopted a law "On the special aspects of state policy to ensure state sovereignty over the temporarily occupied territories of Donetsk and Luhansk regions." The prime minister believes that the average salary in 2018 will grow to UAH 10,000. The Prosecutor General reported to the Rada national security and defense committee on the Yanukovych assets seizure. Investigation journalists from Schemes TV show reported on the overseas vacation of the Ukrainian president.
17:00, 22.01.2018
Week’s balance: president selects candidate for top NBU post, Naftogaz says ready to buy gas from Gazprom, and privatization without Russian bidders

Week’s balance: president selects candidate for top NBU post, Naftogaz says ready to buy gas from Gazprom, and privatization without Russian bidders

Naftogaz confirmed the intention to resume gas imports from Russia, the president finally found a replacement for Valeriya Gontareva at the post of the country's chief banker, the parliament passed a law on privatization barring Russians from purchasing Ukrainian state property, while the IMF criticized pension reform - these are the main economic developments of the outgoing week.
09:05, 20.01.2018
Ukraine's key to NATO

Ukraine's key to NATO

When Ukrainian officials talk about possibilities for the country to join NATO, they mostly face criticism toward such an initiative. And this criticism is not unfounded as Ukraine has long lost its Membership Action Plan (MAP). However, Kyiv does have a key to NATO. It’s just that this key should be applied properly.
17:50, 17.01.2018
Reintegration for the sake of it

Reintegration for the sake of it

The further the discussions on the bill on the reintegration of Donbas go, the less understanding why it was at all necessary to submit the draft for the second reading in its current "finalized" form, especially if we take into account what risks it carries.
13:18, 16.01.2018
Week’s milestones. Breakthrough of National Police, Groysman’s economy, and elements of influence

Week’s milestones. Breakthrough of National Police, Groysman’s economy, and elements of influence

The national police said they apprehended the suspect in the murder of lawyer Iryna Nozdrovska. Petro Poroshenko met with Ukraine’s delegation to the Tripartite Contact Group in Minsk. PM Volodymyr Groysman focused on the economy. Mikheil Saakashvili is changing tactics. Ukraine is attacked by “exposing” fake news.
19:50, 15.01.2018
New Year's hryvnia fever

New Year's hryvnia fever

The Ukrainian hryvnia continues to plunge, approaching the historical minimum of UAH 30 to the U.S. dollar. The National Bank considers this New Year's turbulence a seasonal symptom, with which experts agree, predicting the strengthening of the national currency. And the only question is how soon this will happen.
17:50, 15.01.2018
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