Government
News about governance, corruption, bureaucracy and the day-to-day management of the world's biggest reconstruction project.
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.
Euroclear to give €3 billion in frozen Russian cash to compensate Western investors, sources say
Euroclear, the Belgian clearing house that holds the bulk of the frozen Russian assets, plans to redistribute €3 billion in cash to compensate Western investors who had cash seized in Russia in recent months, Reuters reported.
Cost of managing Chornobyl exclusion zone rose 9% to $55.6 million last year, DiXi Group analysis says
The cost of managing the Chornobyl exclusion zone rose 9% last year to UAH 2.31 billion ($55.6 million), the State Agency of Ukraine on Exclusion Zone Management said.
Ukrenergo reaches agreement on debt management for its $825 million in green bonds
Ukraine's state-run energy transmission system operator Ukrenergo said it has reached an agreement on the terms of a a liability management transaction for its outstanding $825 million sustainability-linked bonds.
Ukraine fails to reach deal on GDP warrants restructuring
Ukraine's government said it has failed to reach an agreement with investors on the restructuring of $3.2 billion worth of debt linked to economic growth or so-called GDP warrants.
Ukraine unveils Centralised Procurement Organisation to ensure transparency in reconstruction
Ukraine on Wednesday officially presented the Centralised Procurement Organisation (CPO) of the Agency for Restoration and Infrastructure Development, as it looks to ensure transparency in reconstruction efforts, the Ministry for Communities and Territories Development said.
Ukraine begins talks with hedge fund-led group on GDP warrant restructuring, sources say
Ukraine has started talks with holders of a GDP warrant to restructure a $500 million payment due on May 31, Bloomberg reported on Tuesday, citing unnamed sources familiar with the matter.