economics
As Russia’s war drags on, it’s still early days for Ukraine’s reconstruction but issues are already lurking around one crucial component: cement. Rebuilding Ukraine after the war, which is unlikely to end any time soon and will continue to cause widespread destruction, is expected to cost $487 billion and will necessarily require a great deal of building materials. Cement is one of the main ingredients in concrete, used to build housing, roads, bridges, schools, hospitals, dams, and ports — all of which are regular targets of Russian attacks. Fighting in the country’s east and ongoing occupati...
Kyiv Independent (CA)
Editor’s note: This is issue 54 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 29- May 5, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. IMF benchmarks in focusThe Tax Policy Committee has finalized the table of amendments to the draft law on the Bureau of Economic Security reform. The Committee on Finance, Tax and Customs Policy has finalized the table of amendments to draft law ...
Kyiv Independent (CA)
The following is the April 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Polish farmers finally ended their protests at the Hrebenne-Rava-Ruska border crossing on April 29, effectively lifting a blockade that had gone on for months, damaged Polish-Ukrainian relations, and put stress on Ukraine’s exports. The news is a relief, ending a series of protests that started in February, when farmers, angered over an influx of what they said were cheaper Ukrainian products entering th...
Kyiv Independent (CA)
Editor’s note: This is issue 53 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from April 22-28, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. Benchmarks and obligations in the IMF MemorandumThe Parliament adopted the draft law on hearings in the High Anti-Corruption Court and met the last structural benchmark before the next review of the program. On April 24 the Verkhovna Rada of Ukraine ...
Kyiv Independent (CA)
Editor’s Note: This is issue 129 of Ukrainian State-Owned Enterprises Weekly, covering events from April 20-26, 2024. The Kyiv Independent is reposting it with permission. Corporate governance of SOEsEconomy Ministry announces a competitive selection to find an independent member for Ukrenergo’s supervisory board. On April 23, the Economy Ministry reported that the SOE Nomination Committee approved the candidate requirements. The deadline to apply is May 22. The decision to find the final independent board member that the company needs wasapproved in November 2023. As we reported in June 2023 ...
Kyiv Independent (CA)
The following is the April 2, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. In March, Ukraine received the largest budget financing from its allies since the beginning of Russia's full-scale invasion and the start of Ukraine's independence, Prime Minister Denys Shmyhal said on March 29. Ukraine received more than $9 billion in financial aid in March, including 4.5 billion euros ($4.9 billion) from the European Union through its four-year Ukraine Facility, $1.5 billion in loans fr...
Kyiv Independent (CA)
The following is the March 26, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Over the past week, Russian attacks targeted energy facilities across Ukraine, affecting nearly every major energy producer in the country and causing power outages for around 1.5 million people. Ukraine's state-owned Ukrhydroenergo enterprise said that entire units of the Dnipro hydroelectric plant, located in Zaporizhzhia, had been destroyed after several direct hits, adding that building them up from ...
Kyiv Independent (CA)
The following is the March 19, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. As Ukraine runs out of ammunition on the battlefield, the government is betting on the country’s drone producers. While mass producing drones is unlikely to bring about Ukraine’s victory, recent strikes on Russian oil refineries show they can at least slow the Kremlin’s war machine. To keep that momentum going, the Ukrainian government is allocating another Hr 5 billion (around $128 million) to purchase ...
Kyiv Independent (CA)
The following is the March 12, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. After two years of no flights and a 20-hour train trip just to get from Kyiv to the nearest airport in Poland, Ukraine is making moves to reopen the country’s airports. Ukraine’s airports have remained shut since day one of the full-scale invasion. Russia’s frequent missile and drone attacks across the country and the dark cloud of the 2014 MH17 tragedy have made the prospects of reopening air travel low...
Kyiv Independent (CA)
Editor’s note: This is issue 46 of Ukrainian lawmaker Yaroslav Zhelezniak’s weekly “Ukrainian Economy in Brief” newsletter, covering events from March 4- 10, 2024. The digest highlights steps taken in the Ukrainian parliament related to business, economics, and international financial programs. The Kyiv Independent is republishing with permission. World Bank prioritiesThe president signed the draft law on corporate governance reform in state-owned enterprises On March 5, President Volodymyr Zelensky signed draft law #5593-d on state-owned enterprise (SOE) corporate governance reform. It’s one ...
Kyiv Independent (CA)
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