VOX: The nationalisation of PrivatBank

Ben Aris in London June 17, 2019

The independence of the National Bank of Ukraine is under attack says its former governor Valaria Gontareva, who was responsible for carrying out sweeping reforms and nationalising PrivatBank.

Ukraine’s PrivatBank suffered a bank run after court decisions on denationalisation, says former shareholders looted over $7bn

Ben Aris in London June 16, 2019

$300mn, or 5% of total deposits, were withdrawn from PrivatBank following two court decisions in May that said the 2016 nationalisation of the troubled bank must be undone and the bank returned to its former owners.

Ukraine Constitutional Court starts hearings on Zelenskiy decision to dissolve the Rada

bne IntelliNews June 12, 2019

The Constitutional Court of Ukraine has started hearings on a lawsuit challenging the nation's President Volodymyr Zelenskiy’s decree on the nation's parliament's dissolution and his call for early parliamentary elections.

Ukraine consumer prices rise by 0.7% m/m in May

bne IntelliNews June 12, 2019

Inflation pressures in Ukraine have not subsided despite the central banks decision to keep interest rates high making more cuts in the near term unlikely. Ukraine’s consumer inflation accelerated to 9.6% year-on-year from 8.8% y/y in April and rose

Ukraine launches road-show for euro-denominated Eurobond

bne IntelliNews June 10, 2019

Market conditions good as Ukraine’s Finance Ministry gets ready to offer a euro-denominated Eurobond

President Volodymyr Zelenskiy on course to repeat his landslide victory in Ukraine’s parliamentary election

bne IntelliNews June 6, 2019

Five political parties could clear the 5% threshold and enter Ukraine’s parliament, the Verkhovna Rada, in the July 21 general election, according to the Rating agency.

Kyiv mayor Klitschko urges ex-Georgian president Saakashvili to lead his party in July elections

bne IntelliNews June 6, 2019

Vitali Klitchko has invited former Georgian president and ex-Odesa governor Mikheil Saakashvili to head his UDAR party ahead of snap parliamentary elections slated for July.

Political uncertainty over Ukrainian President Zelenskiy’s authority to dissolve parliament hurts the bond market, endangers debt repayments

Ben Aris in Berlin June 5, 2019

Ukrainian MPs have challenged Zelenskiy’s decision to dissolve parliament early in the Constitutional Court, which has increased uncertainty and unsettled investors into Ukraine’s bonds.

Ukrainian President Volodymyr Zelenskiy in Brussels to affirm European direction and desire to join Nato

bne IntelliNews June 5, 2019

Zelenskiy chose Brussels as the destination for his first trip as head of state and reaffirmed Ukraine’s commitment to Europe, its desire to join Nato and his determination to end the de facto war with Russia.

Ukraine security council chief sends mixed signals over electricity market reform

bne IntelliNews June 3, 2019

Ukraine's National Security and Defence Council (NSDC) believe that the date for launching the new electricity market should be postponed, according to the NSDC's secretary Oleksandr Danylyuk

Ukraine ex-PM Tymoshenko seeks prime minister post

bne IntelliNews May 31, 2019

She has already been Ukraine’s Prime Minister twice and now the opposition firebrand Yulia Tymoshenko is seeking the office for a third time

Ukraine court cancels central bank's move to exclude PwC from register of auditors

bne IntelliNews May 30, 2019

The Kyiv District Administrative Court has cancelled the decision of the National Bank of Ukraine (NBU) to exclude local operations of PricewaterhouseCoopers (PwC) from the register of audit firms that are eligible for bank audits.

IMF to resume talks with Ukraine after snap elections

bne IntelliNews May 29, 2019

The International Monetary Fund (IMF) is ready to discuss further cooperation with Ukraine after the nation's snap parliamentary elections scheduled for July, head of the IMF's mission Ron van Roden told President Volodymyr Zelenskiy on May 28.

Legal battle over Ukraine snap elections snowballs

bne IntelliNews May 28, 2019

The Ukrainian Supreme Court has refused to consider a lawsuit challenging last week's President Volodymyr Zelenskiy’s decree on the nation's parliament's dissolution and call for early parliamentary elections.

Zelenskiy returns Ukraine citizenship to ex-Georgia president Saakashvili

bne IntelliNews May 28, 2019

New Ukrainian President Volodymyr Zelenskiy has reversed his predecessor Petro Poroshenko's decision to strip the citizenship held by former Georgian president Mikheil Saakashvili.

Ukraine's industrial output jumped 5.2% y/y in April

bne IntelliNews May 27, 2019

Ukraine's industrial output jumped 5.2% y/y in April, advancing from 2.1% y/y in March, due to accelerated growth in manufacturing and mining, the State Statistics Service reported on May 23.

Ukrainian oligarch Kolomoisky seeks quarter of PrivatBank as part of amicable agreement

bne IntelliNews May 27, 2019

Controversial oligarch Ihor Kolomoisky is ready to sign an “amicable agreement” with the authorities over PrivatBank, owned by the businessman until it was nationalised in late 2016, in exchange for around 25% of shares in the bank.

Zelenskiy launches his e-government concept "country in a smartphone"

bne IntelliNews May 24, 2019

Ukrainian President Volodymyr Zelenskiy says the "country in a smartphone" concept will make up for Ukraine's lag in e-government development.

New Ukraine president under fire for proposal of referendum on peace with Russia

bne IntelliNews May 23, 2019

The team of Ukrainian President Volodymyr Zelenskiy is considering holding a referendum on concluding agreements with Russia to bring peace in the Donbas war, head of the presidential staff Andriy Bohdan said on May 21.

Ukraine's PrivatBank launches legal battle against its former owners in US court

bne IntelliNews May 23, 2019

Ukraine's PrivatBank, nationalised in late 2016, has instituted legal proceedings against its former owners, Ihor Kolomoisky and Gennadiy Bogolyubov, as well as "other individuals and companies", before a Court in Delaware in the US