Government
News about governance, corruption, bureaucracy and the day-to-day management of the world's biggest reconstruction project.
Ukraine restores wartime budget transparency, but fiscal-risk gaps remain, study finds
Ukraine has restored much of the budget transparency lost after Russia's full-scale invasion, giving investors and creditors greater visibility into government spending, debt and donor financing, but important gaps remain in fiscal-risk disclosure, according to a recent study. Dmytro Sydorenko, a researcher at the State Tax
Ukraine prosecutor general resigns amid probe into alleged call-center protection scheme
Ukraine’s Prosecutor General Ruslan Kravchenko has submitted his resignation after an anti-corruption investigation implicated senior officials in his office in an alleged scheme to protect fraudulent call centers and launder criminal proceeds. Kravchenko tendered his resignation late on Sept. 7, calling it a “political decision” and saying he
Ukraine's labor shortage challenges a basic rule of business aid: create more jobs
Ukraine's labor shortage means business aid programs should shift away from promoting job creation and instead support productivity growth, according to new research by the country's Centre for Economic Strategy (CES). Based on a survey of 556 small and medium-sized businesses and 10 in-depth
Ukraine's wartime banking rules create 'many surprises' for foreign investors, Schneider Group says
Ukraine's foreign exchange regulations are changing "rapidly and dramatically" and are providing "quite many surprises" to foreign companies operating in the country, representatives from Schneider Group warned at a webinar this week. The warning came during a one-hour presentation on foreign exchange controls
Ukraine targets full EU alignment for banks and insurers by 2028
Ukraine aims to align its banking and insurance sectors with European Union regulations by 2028 as part of its bid to join the bloc, despite the challenges posed by Russia's ongoing invasion, National Bank of Ukraine Governor Andriy Pyshnyi told Reuters in an interview. Ukraine's banking
Ukraine, Switzerland launch local recovery governance project
Ukraine's finance ministry and Switzerland's State Secretariat for Economic Affairs (SECO) have signed a memorandum of understanding to launch the Fiscal Governance for Local Reconstruction and Recovery (FG4R) project. The four-year initiative aims to strengthen public financial management at national and local levels to support
Ukraine to ask EU to delay introducing carbon border tax, trade envoy says
Ukraine's Economy Ministry is preparing an official request to the European Commission to start formal talks on postponing the introduction of the Carbon Border Adjustment Mechanism (CBAM) for the war-torn country, The Odessa Journal reported on Wednesday, citing Ukraine's Deputy Minister of Economy and Trade
Ukraine's debt chief tells investors there's no rush on GDP warrants restructuring, sources say
Ukraine's governmental commissioner for Public Debt Management, Yuriy Butsa, told investors in London last week that Kyiv is in no rush to restructure its debt linked to economic growth or so-called GDP warrants, Reuters reported on Friday, citing unnamed sources familiar with the matter.
Ferrexpo says it was forced to shut down 2 pellet production lines due to Ukrainian sanctions, suspension of VAT refunds
Ferrexpo said it was forced to shut down two of its pellet production lines following a decision by the Ukrainian tax authorities to impose sanctions on Ukrainian oligarch Konstantin Zhevago and suspend VAT refunds.
Ukraine seeks leader with 'unquestionable integrity' to head new Centralised Procurement Organisation
Ukraine's Agency for Restoration is looking for candidates with "unquestionable integrity" and "an orientation toward change" to head of the Centralized Procurement Agency (CPO), which was recently established to ensure transparency in reconstruction efforts.
Ukraine's central bank eases some currency restrictions to attract new foreign investment
The National Bank of Ukraine said it is introducing a series of currency liberalization measures to attract more foreign investment and support existing businesses in Ukraine, businesses, starting May 10.
Ukraine anti-corruption progress is notable but momentum must continue for effective reconstruction, OECD review says
Ukraine has significantly advanced its anti-corruption reforms over the past decade, enhancing transparency, public accountability, and institutional integrity, according to the OECD's latest Integrity and Anti-Corruption Review of Ukraine.