Public support is collapsing for The People’s Servant Party

Ben Aris in Berlin January 27, 2021

Public support is collapsing for The People’s Servant Party that was launched by Ukrainian President Zelenskiy, according to the latest poll released on January 26.

Ukraine’s industrial output jumped 4.8% y/y in December

bne IntelliNews January 26, 2021

Ukraine’s industrial output jumped 4.8% y/y in December after declining 0.3% y/y in November, the State Statistics Service reported on January 22.

State-owned Ukrgasbank signs off on convertible €30mn IFC loan ahead of its privatisation

Ben Aris in Berlin January 26, 2021

The state-owned Ukrgasbank bank signed off on a €30mn loan from the International Financial Corporation (IFC) on January 25, as part of the bank’s preparations for privatisation.

National Bank of Ukraine retains a key policy rate at 6%, the outlook of the CPI deteriorates

bne IntellIiNews January 24, 2021

The National Bank of Ukraine (NBU) has declared that it agreed not to adjust its main policy rate at its monetary policy board meeting on January 21, holding it at 6%.

Western Balkans citizens legally resident in EU equal to 14% of region’s population

Clare Nuttall in Glasgow January 20, 2021

2.4mn people from the Western Balkans have residence permits for EU countries including 868,000 Albanians – over 30% of the country’s 2.8mn population, shows Eurostat data.

Western Balkans and Ukraine urged to scrutinise coal subsidies

Valentina Dimitrievska in Skopje January 19, 2021

Energy Community secretariat asks national state aid authorities to check compatibility with the EU state aid acquis after report revealed five Western Balkan countries plus Ukraine spent €2bn on coal subsides in 2015-2019.

Oligarchs trying to derail Ukraine’s privatisation programme, warns the head of Ukraine’s State Property Fund

Ben Aris in Berlin January 19, 2021

The head of Ukraine’s State Property Fund (SPF) Dmytro Sennychenko has warned that oligarch groups are actively trying to derail Ukraine’s privatisation programme by using law enforcement agencies to illegally raid objects slated for sale.

Private finance mobilised by development banks up 9% to $175bn in 2019

bne IntelIiNews January 19, 2021

Multilateral development banks are already increasing the number of products that are offered to investors and redoubling efforts to address the lack of bankable transactions, says new report.

LONG READ: The oligarch problem

Ben Aris in Berlin January 17, 2021

Andrew Meier had a good joke about the problems post-Soviet countries face with their oligarchs: "What is to be done with those who are to blame."

COVID-19 and Trump’s indifference helped human rights abusers in 2020

bne IntelliNews January 15, 2021

2020 was a bad year for human rights around the world, but the US’ upcoming Biden presidency is an opportunity for change, says Human Rights Watch.

New Ukrainian VC firm QPDigital aims to invest up to $100 million in digital startups

East West Digital News in Moscow January 14, 2021

In late 2020 Quarter Partners, an established Ukrainian investment group, launched the venture firm ‘QPDigital‘ to invest up to $100mn in digital startups

EBRD investments reach record €11bn in pandemic-struck 2020

Clare Nuttall in Glasgow January 14, 2021

The development bank's focus has been helping existing clients by providing short-term liquidity and working capital.

FPRI BMB Ukraine: Most Ukrainians are optimistic about 2021 – poll

FPRI BMB Ukraine January 14, 2021

According to the Rating Group’s first public opinion poll of 2021, just over half of Ukrainians surveyed (52%) believe that the new year will be better than the one before.

Ukrainian government will cap natural gas price for households in a move that endangers its IMF deal

Ben Aris in Berlin January 14, 2021

Ukrainian government will cap natural gas price for households in a move that may further jeopardise the country’s co-operation with the International Monetary Fund (IMF)

Moldova fears flooding from Ukraine's planned Dniester hydropower plants

Iulian Ernst in Bucharest January 14, 2021

President Maia Sandu plans to ask to EU opinion on Kyiv's plans as environmental groups say existing HPPs are responsible for flooding in Moldova.

Ukraine’s international reserves end 2020 at $18.1bn, up 20% y/y

bne IntelliNews January 12, 2021

The net international reserves of Ukraine as of January 1 amounted to $18.1bn, which is 19% more than at the beginning of December 2020 ($15.2bn), Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn said.

COMMENT: Record high debt levels will slow post-coronavirus recovery, threaten some countries' financial stability, says IIF

Ben Aris in Berlin January 12, 2021

The global economy starts 2021 with record amounts of debt that will slow the recovery and could destabilise some countries, the Institute of International Finance warned.

World Bank improves Ukraine's growth forecast in 2021 from 1.5% to 3%

bne IntelliNews January 9, 2021

The World Bank revised upward its forecast for Ukraine's growth in 2021 to 3.1% from its earlier forecast of 1.5% issued in October, according to the January 2021 World Bank's Global Economic Prospects.

Ukraine's banking sector ends 2020 with best monthly profits in four years

Ben Aris in Berlin January 8, 2021

Ukraine’s banking sector remained impressively healthy throughout 2020 and finished the year on a high. The sector posted a sectoral profit of UAH43,365mn ($1.5bn), which was still down on the 2019 result, the best monthly result in four years

Storming parliaments: New Europe's greatest hits

bne IntelliNews staff January 7, 2021

The US has been rocked by the storming of the Capitol by Trump supporters. But in New Europe, protesters storming parliament buildings is a common experience.