News about governance, corruption, bureaucracy and the day-to-day management of the world's biggest reconstruction project.
The privatization of state-owned Ukrgasbank and Sense Bank is unlikely to happen this year due to the lengthy process involved, Kateryna Rozhkova, first deputy governor of the National Bank of Ukraine (NBU), said in an interview with Interfax-Ukraine. "In my opinion, the privatization of the first state-
Ferrexpo has accused the Ukrainian authorities of breaching international investment agreements with a series of "discriminatory and unreasonable" asset freezes, management arrests and other actions against the miner's subsidiaries. Ferrexpo, a Switzerland-based iron ore miner that operates in Ukraine and is listed on the London
The European Union, together with Germany, Denmark, France, Poland, and Slovenia, is launching the €62 million Phase III of the U-LEAD with Europe initiative aimed at supporting Ukraine's recovery at the local and regional levels and strengthening local self-government. The Ukraine – Local Empowerment, Accountability and Development
Tyson Barker, a foreign policy professional specialized in US-Europe relations, has served two stints as a political appointee with the US government. Both times, he served under powerhouse women - first Victoria Nuland in the Obama administration and then Penny Pritzker during the Biden administration. Both times, he was hired
Ukraine's First Deputy Minister for Communities and Territories Development, Alyona Shkrum, met with UK government officials and business leaders during a visit to London focused on attracting investments for Ukraine's reconstruction. The discussions addressed Ukraine's reconstruction strategies, the involvement of British businesses in infrastructure
Introduction of the EU's Carbon Border Adjustment Mechanism (CBAM) could lead to some $2.7 billion in investment losses for Ukraine between 2026 and 2030, according to an updated estimate from steel industry consultancy GMK Center. In addition, potential export losses during the same period are projected at
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
