News about governance, corruption, bureaucracy and the day-to-day management of the world's biggest reconstruction project.
European Commission President Ursula von der Leyen on Tuesday unveiled a five-part "Rearm Europe" plan to mobilize €800 billion to enhance Europe's defense capabilities and provide military aid to Kyiv. Firstly, she proposed a new financial instrument worth €150 billion to provide EU member states
Ukraine and the International Monetary Fund (IMF) have reached a staff-level agreement on the seventh review of Ukraine's $15.5 billion Extended Fund Facility (EFF) program, unlocking $400 million in funding. The funding will be released to Ukraine once the IMF board approves the agreement, which would
The National Bank of Ukraine (NBU) said on Thursday that Revolut needs a license to operate in Ukraine after the UK-based fintech said earlier this month it had launched services in the country. Ukraine's central bank said that Revoult is providing services to Ukraine's residents
Ukraine's Ministry of Finance and the National Bank of Ukraine carried out the country's first "switch auction," a mechanism that eases the exchange of old government debt into new debt, using the new Bloomberg Auction System, according to a press release. Ukraine has been
Ukraine plans to launch a pilot phase of a proposed national greenhouse gas (GHG) emissions trading system in 2028, the country's Ministry of Environmental Protection and Natural Resources said. The GHG trading system is a market-based mechanism that sets an overall limit on greenhouse gas emissions for
Dutch special purpose entity E.M.I.S. Finance has filed an arbitration claim against Ukraine seeking to recoup $400 million in lost investments due to the nationalization of Sense Bank, former Alfa-Bank Ukraine, Russian business newspaper Vedomosti reported. Ukraine's government completed the nationalization of Sense Bank,
Ukraine's National Agency on Corruption Prevention has developed a series of recommendations specifically to fight corruption in the reconstruction of the country, said the agency's deputy head. "NACP is systematically working to eliminate corruption risks in the reconstruction sector," said Serhii Hupiak. "We
Ukraine's State Bureau of Investigation said on Thursday it is preparing, jointly with the Ministry of Justice, to submit an appeal at the High Anti-Corruption Court seeking to nationalize the Poltava mining and processing plant owned by Swiss-headquartered and London-listed miner and iron ore pellets
Ukraine's public service faces serious challenges in attracting and retaining young professionals, particularly those with Western education and international experience, according to a study by the Professional Government Association (PGA). Nearly 65% of respondents are open to working in the public service, mainly due to a sense of
The National Anti-Corruption Bureau of Ukraine (NABU) opened a criminal case investigation involving the country's Defence Minister Rustem Umerov, which could worsen a dispute within the ministry over arms procurement, Reuters reported, citing NABU. The investigation — which was requested by a corruption watchdog — would look into allegations
The National Bank of Ukraine (NBU) is exploring the possibility of launching its own retail digital currency (CBDC), the e-hryvnia, with a pilot project currently in preparation, NBU Deputy Chairman Oleksiy Shaban said. According to Shaban, the e-hryvnia is intended to complement, not replace, cash and bank account
Ukraine has seized UAH 2.11 billion ($50.3 million) worth of raw materials from Russian aluminum tycoon Oleg Deripaska, two years after blocking their export, the Security Service of Ukraine (SSU) said on Wednesday. The SSU reported that nearly 500,000 metric tons of bauxite and alumina, stored at
Ukrainian Prime Minister Denys Shmyhal said on Tuesday that the shares of local First Investment Bank, previously owned by Russian oligarchs, will be transferred to the national postal service Ukrposhta. "In this way, we are creating a postal bank," Shmyhal said. "Ukrposhta has its branches in all
US diplomats have urgently requested an exemption for Ukraine-related programs from the 90-day foreign aid freeze and "stop work" order imposed by Secretary of State Marco Rubio on Friday, according to documents seen by the Financial Times and unnamed sources who spoke to the publication. Senior
