Ukraine will have trouble negotiating its entry to the European Union unless the government raises the notoriously low pay for civil servants, the EU helps promote a more "agile" national civil service and Ukraine's neighbors offer advice based on their experience in joining the union, said
Russian attacks in the second half of March damaged or destroyed five of the six thermal power plants owned by DTEK, Ukraine's largest private energy generator, and repairs will cost more than $300 million, the company said. Russian attacks against Ukraine's energy infrastructure since March 22
The regional council of Vinnytsia in central Ukraine signed an agreement with four South Korean companies including Sambu Engineering & Construction and manufacturer Taemyung Industrial to work on projects related to reconstruction and manufacturing. The Korean delegation also included The Codi, a manufacturer of semiconductor and display equipment, and Roze
Conference Organizers: US-Ukraine Business Council (USUBC) and US Department of Commerce. Topics Covered: The need for expanded Political risk insurance (PRI) to support Ukraine's reconstruction. Speakers: David De Falco, Deputy Assistant Secretary for Europe and Eurasia, U.S. Department of Commerce. Sarah Nickel, Commercial Officer, U.S.
Ukraine is about to receive a $1.5 billion loan from the World Bank to help strengthen the country's social protection system, increase transparency in the use of public resources and support the functioning of public markets. The loan, announced last year, was approved by the World Bank
Russian brokers have launched a swap scheme meant to let Russian investors sell the securities that were frozen as a result of their country's invasion of Ukraine, according to the scheme's organizer. Under the plan, a central broker appointed by Russia's finance ministry has
The United States government has proposed the issuance of at least $50 billion in bonds backed by profits generated by frozen Russian assets to help support Ukraine, Bloomberg reported, citing unnamed sources. The plan, proposed to the US allies in the Group of Seven, envisions the creation of a special
Ukraine could completely shut down its "sponsors of war" list that calls out international companies that do business in Russia after complaints from China and France, Reuters reported, citing unnamed sources. The list, which names and shames 50 international companies for maintaining a presence in Russia after the
The executive board of the International Monetary Fund approved the release of $880 million in budget support to Ukraine following the third review of the international lender's $15.6 billion loan program for the country. The board's approval of the disbursement, which had been recommended at
The European Commission has proposed transferring about €3 billion per year in profits generated by frozen Russian assets to Ukraine, with about 90% earmarked for military spending this year and 10% for the general budget. Under the proposal, which still needs to be approved by European Union member states at
Ukraine has received €4.5 billion of the €50 billion in European Union aid approved last month and is slated to receive another €1.5 billion next month if it meets certain milestones, Deputy Prime Minister Yulia Svyrydenko said. The initial funding, meant to help cover budget spending, was transferred
European Parliament negotiators reached a provisional agreement with the European Commission to allow Ukrainian food producers tariff-free access to the European Union markets for another year. The lawmakers agreed to a Commission proposal to extend Ukraine's tariff-free status to June 2025 but managed to add oats,
The European Investment Bank plans to lend Ukrhydroenergo, Ukraine's state-run hydropower generator, a further €100 million to replace equipment at three power plants, the company said. The loan, which still needs final approval from the EIB, will replace the hydraulic systems at the Kaniv, Kremenchuk and Dnipro
Kyiv-based Arricano Real Estate, which develops shopping and entertainment properties, will buy back its own shares, totaling a 12.51% stake, from Ukrainian investment firm Dragon Capital so it can introduce an investor from the US. Arricano, which says it has the biggest portfolio of completed shopping malls in
Ukraine's Cabinet approved a national program meant to form the basis for receiving €50 billion in European Union aid under the so-called Ukraine Facility assistance program. The plan sets out a series of structural reforms in public administration, the civil service, financial markets, audit and control, and
Support among European Union member states for using the profits generated from frozen Russian assets to support Ukraine's fight against Russia is "strong" but not unanimous, the EU's foreign policy chief Josep Borrell said. Speaking after a meeting with the EU Foreign Affairs Council,
