Ukraine

Ten years after start in Ukraine, GitLab lands on Nasdaq at $11bn valuation

East West Digital News in Moscow October 15, 2021

GitLab (‘GTLB’), a San Francisco-based open-source software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets and Dutch-born Sid Sijbrandij, made its debut on the Nasdaq at a valuation of $11bn on October 14.

IMF downgrades Ukraine's growth outlook for 2021 to 3.5%

bne IntelliNews October 14, 2021

The International Monetary Fund (IMF) downgraded Ukraine’s economic forecast for 2021 to 3.5% GDP growth from 4% in its April prognosis, according to the IMF’s World Economic Outlook (WEO) released on October 12.

bneGREEN: Governments still woefully short of IEA’s net-zero requirements

By Richard Lockhart in Edinburgh October 13, 2021

Governments need to smash the stubborn dominance of fossil fuels if the world is to reach net zero by 2050, despite the rapid development of green technologies, the IEA warns.

Ukraine consumer inflation accelerates to 11% in September

Cameron Jones in Kyiv October 12, 2021

Annual inflation in Ukraine accelerated to 11.0% year on year in September from 10.2% for the previous month, driven mostly by food and clothing prices.

FPRI BMB Ukraine: Ukraine has more politicians in Pandora Papers than any other country in the world

FPRI BMB Ukraine October 8, 2021

Thirty-eight Ukrainian politicians are named in the Pandora Papers, including President Zelenskiy himself. In fact, Ukraine had more politicians pop up in the leak than any other country in the world.

Threat of new EU travel restrictions looms ahead of Western Balkan summit

Clare Nuttall in Glasgow, Ben Aris in Berlin October 5, 2021

Ahead of the EU-Western Balkans summit on October 6, a leaked EU document revealed that several EU member states are seeking to restrict visa-free travel for some nationals from the region as well as other East European countries.

New OCCRP Pandora Papers leak reveals more details of secret financial networks of New Europe’s elite

Ben Aris in Berlin October 4, 2021

A new leak of millions of documents dubbed the Pandora Papers has revealed more details of the use of offshore companies by the elite of New Europe, detailing their ownership of hundreds of millions of dollars of assets.

Ukraine claims Gazprom gas deal with Hungary is “use of gas as a weapon”, demands sanctions

Ben Aris in Berlin October 2, 2021

National gas company Naftogaz and the pipeline operator Gas Transmission System Operator of Ukraine claimed on October 1 that last week’s deal by Russia’s Gazprom to supply Hungary is use of gas as a "weapon" and have called for sanctions.

bneGREEN: SEB puts $4 trillion annual price tag on net zero

By Richard Lockhart in Edinburgh October 1, 2021

SEB’s latest Green Bonds Report has placed a price of $4 trillion per year on the energy transition if the world is to reach net zero by 2050.

Ukraine's real wages increase 11% y/y in August

Cameron Jones in London September 30, 2021

Real wages in Ukraine rose 10.9% year on year in August, accelerating from 10.2% y/y growth in July, the State Statistics Service reported on September 28. The average monthly nominal wage amounted to UAH13,997 ($523).

The Ukrainian government appoints new members to the Naftogaz executive board

bne IntelliNews September 29, 2021

Ukraine’s Cabinet of Ministers of Ukraine has appointed new members to the executive board of Naftogaz of Ukraine after sacking the old members last week, Naftogaz said in a press release on September 28.

Ukrainian banks emerging from crisis healthy and back in good profit in August

bne IntelliNews September 29, 2021

Ukraine’s banks have emerged from the 2020 coronacrisis healthy and in profit thanks to the clean-up of the banking sector in recent years and the recovery of the economy.

Former Ukrainian president Poroshenko defeats High Court claim for $260mn by oligarch Surkis

Ben Aris in Berlin September 24, 2021

The British High Court struck down a $260mn claim made by Ukrainian oligarch Ihor Surkis and his related companies against former President Petro Poroshenko and the former NBU governor Valeriya Gontareva on September 22.

bneGREEN: Green Deal, CBAM poses high risks to poorer African, Eastern European countries

Richard Lockhart in Edinburgh September 23, 2021

The EU’s Green Deal and Carbon Border Adjustment Mechanism will hit the EU’s trading partners in Africa and non-EU Eastern Europe particularly hard.

Ukraine passes anti-oligarch law

Cameron Jones in London September 23, 2021

Bill forbids oligarchs to make contributions in support of political parties or to participate in large-scale privatisations.

Ukraine's industrial output increases 0.6% in August

Cameron Jones in London September 23, 2021

Ukraine’s industrial output increased 0.6% year on year in August, accelerating from 0.2% y/y growth in July, the State Statistics Service reported on September 22. Seasonally adjusted output declined 0.6% month on month in August.

bneGREEN: Greenwashing: regulators flex muscles as the market remains in flux

Richard Lockhart in Edinburgh September 22, 2021

Defining a green investment is crucial to boosting the expansion of renewable energy and preventing the mis-selling of investments by so-called greenwashing, whereby the environmental impact of a product is misrepresented.

Assassination attempt made against Ukrainian president’s top adviser

Cameron Jones in London September 22, 2021

An advisor to Ukrainian President Volodymyr Zelenskiy, Serhiy Shefir, was unharmed in an assassination attempt on the 22 September outside Kyiv. His driver, however, was struck by three bullets and hospitalised in a critical condition.

Ukraine GDP picks up 5.7% in 2Q21, based on revised data

bne IntelliNews September 21, 2021

Ukraine’s real GDP increased 5.7% y/y in 2Q21, the State Statistics Service reported on September 20, improving its preliminary estimate of 5.4% y/y.

Ukraine retail trade slows to 9.6% growth in August

bne IntelliNews September 21, 2021

Ukrainian retail sales increased 9.6% y/y (and 1.1 m/m) in August, slowing from 10.1% y/y growth in the prior month, Ukraine’s State Statistics Service reported on September 20. In 8M21, retail increased 12.9% y/y (vs. 5.7% y/y in 8M20).

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