Ukraine

Ukraine pushes ahead with legislative agenda as Privatbank case delayed again

bne IntelliNews October 18, 2019

Despite the growing scandal surrounding oligarch Ihor Kolomoisky’s attempts to denationalise Privatbank, Ukraine’s Verkhovna Rada pushed ahead with its hectic legislative programme and passed more pro-reform laws.

IMF improves Ukraine’s 2019 growth outlook to 2.99%, below the 3% needed to trigger warrant payments

bne IntelliNews October 17, 2019

The International Monetary Fund (IMF) improved Ukraine’s growth outlook slightly from 2.7% for the full year set in April to 3% in its latest World Economic Outlook, released this week.

Ukraine’s last chance to fulfil Minsk accords is in November Prystaiko says

bne IntelliNews October 16, 2019

The last chance to fulfil the Minsk II accords will come in November according to Ukrainian Foreign Minister Vadym Prystaiko in comments made to Reuters on October 14.

Zelenskiy's approval ratings fall as his government gets bogged down in multiple crises

Ben Aris in Berlin October 15, 2019

The tidal wave of public support that swept the new Ukrainian president and his party Servant of the People into power this year is starting to subside.

Ukraine's PrivatBank wins London case blocking oligarch Kolomoisky from unfreezing $2bn in assets

Ben Aris in Berlin October 15, 2019

Assets were seized as part of lender’s efforts to recover $7.2bn looted under old ownership. Bank now free to pursue lawsuit claiming fraud on a massive scale in which shell companies owned by shareholders emptied it of money.

Ukraine’s talks with the International Monetary Fund have “stalled” says NBU

Ben Aris in Berlin October 14, 2019

Ukraine’s talks with the International Monetary Fund (IMF) have “stalled” and a deal before the end of this year is looking increasingly unlikely because of the dispute over the snowballing Privatbank crisis.

Ukrainian President Zelenskiy fudges answers on the future of PrivatBank at his first marathon press conference

bne IntelliNews October 10, 2019

Zelenskiy rolled the dice and is gambling with the future of his presidency at the press conference marathon he called in a food hall in Kyiv that went on all day on October 10.

Ukraine's PrivatBank reports record high jump in net profit amid de-nationalisation crisis

bne IntelliNews October 9, 2019

Ukraine's largest lender PrivatBank, nationalised in late 2016, has reported a five-fold year-on-year jump in net profit to UAH27.4bn ($1.1bn) in January-September., as a court in Kyiv delayed its verdict on whether to return the bank to its former o

Steinmeier says his formula exists, but planned troop withdrawals fail

Ben Aris in Berlin October 9, 2019

Former German foreign minister Frank-Walter Steinmeier confirmed he proposed the so-called Steinmeier formula in 2015 as a way to break a deadlock over implementing the stalled Minsk II process, contradicting former president Petro Poroshenko.

M&A deals decline in Central, Southeast and Eastern Europe in 1H19

Clare Nuttall in Glasgow October 9, 2019

Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.

Ukraine gross reserves decline 2.6% in September

bne IntelliNews October 9, 2019

Ukraine’s gross international reserves declined 2.6% m/m, or $577mn, to $21.4bn in September after increasing 0.8% m/m in August, the National Bank of Ukraine (NBU) reported on October 7. The decline was due to high repayments on state debt.

Russia blocks booming suspicious coal exports to Ukraine via Belarus

Sergei Kuznetsov in Minsk October 9, 2019

The Russian authorities have been blocking exports of coal from its territory to Ukraine through the territory of neighbouring Belarus, according to the Ukrainian Ministry of Energy and Coal Mining.

10,000 people demonstrate against the Steinmeier plan in Kyiv

Ben Aris in Berlin October 7, 2019

Demonstrators gathered on Kyiv’s Maidan square on October 6 against Ukrainian President Volodymyr Zelenskiy’s decision to accept the so-called Steinmeier formula ahead of his first Normandy Four meeting.

Zelenskiy’s secret deals

Ben Aris in Berlin October 5, 2019

Something is going on behind the scenes in the Russia-EU-Ukraine conflict triangle and not only are we being told nothing about it, we are not even being told it is happening. Yet in the last two months there has been a string of landmark events.

Ukraine president rejects 'capitulaton' in Donbas peace talks with Russia

bne IntelliNews October 4, 2019

Ukrainian President Volodymyr Zelenskiy has rejected alleged "capitulation" and "surrender of Ukraine's national interests" during the Donbas peace talks with Russia.

Has the flood of foreign investment into Ukraine’s local bond market run its course?

Ben Aris in Berlin October 4, 2019

Ukraine’s finance ministry only raised $3.1mn from the sale of bonds at its weekly bond auction on October 1, down from $524mn a week earlier.

Pan-European wave of consolidation threatens to ground small Central, Southeast European airlines

Clare Nuttall in Glasgow October 4, 2019

Slovenian national carrier Adria Airways's decision to file for bankruptcy followed the demises of a series of other European airlines against the underlying trend of an air transport market in the throes of consolidation.

Ukraine’s banks back in the black but face serious challenges

Ben Aris in Berlin October 3, 2019

​Ukrainian banks just turned in their biggest profits in years after a lacklustre 2018 and a disastrous 2017, but lending is stagnant and NPLs weigh on balance sheets.

NPLs level in Ukraine banking sector fall below 50%

bne IntelliNews October 3, 2019

The volume of non-performing loans (NPLs) in the Ukrainian banking sector fell below 50% for the first time in recent years coming in at 49.3% as of September 1, the National Bank of Ukraine (NBU) said in a statement this week.

SCM and Raga reach settlement in Ukrtelecom dispute

bne IntelliNews October 2, 2019

A subsidiary of the System Capital Management (SCM) Holdings that belongs to Ukraine’s biggest oligarch Rinat Akhmetov and Raga Establishment “formally and finally settled the dispute” concerning the sale of Ukrtelecom back in 2013.

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