Ukraine’s central bank declared a top 10 bank insolvent that is majority-owned by multimillionaire Kostyantyn Zhevago and where his London-listed Ferrexpo – the nation’s largest pellet exporter – has $174 million, or 62 percent, of its deposits.
International holders of at least 25 percent of Ukraine’s $500 million eurobonds that are expiring in five days could block the nation’s $18 billion external debt restructuring deal that parliament approved Sept. 17.
Belgian investment banker Peter Vanhecke was supposed to clean up majority state-owned oil and gas company Ukrnafta when he was appointed CEO in 2011. He recruited a team, some from his former Renaissance Capital employer, to prepare the nation's largest oil producer and second-largest gas extraction company for an initial public offering on a foreign stock exchange.
Editor’s Note: The Kyiv Post spoke with Swedish Ambassador to Ukraine Andreas von Beckerath on the sidelines of the 12th annual Yalta European Strategy meeting in Kyiv on Sept. 12 on whether Ukraine can meet the challenges it is facing.
Although a trained economist, Vladislav Inozemtsev has found himself increasingly talking and writing about politics instead of Keynesian Economics or Market Socialism for the past two years ever since Russia first annexed Crimea in March 2014. Because the director of the Moscow-based Center for Post Industrial Studies often bases his arguments through the prism of economics, he conveys a unique perspective on current-day Russia and its geopolitical relations. When explaining his president of 15 years, Vladimir Putin, he throws in historical parallels as well, including Ukraine’s long and troubled history.
It’s the same story year after year. To ensure energy security, Ukraine must continue diversifying gas supplies, increase domestic production, promote energy efficiency and seek alternative fuel sources.
Vitol Group is the last big international energy company with extraction projects in Ukraine after Royal Dutch Shell and Chevron cancelled their shale gas production-sharing agreements.
Ukraine came to within three points of frontrunners Spain and Slovakia in Group C of their 2016 European soccer championship qualifiers after taking down Belarus 3-1 on Sept. 12.
The Security Service of Ukraine has arrested four men suspected in a plot to bomb a donation center for nationalist group Right Sector, the agency, known as the SBU, said in a statement posted on its website on Sept. 4.
Parliament on Sept. 2 approved a $900 million loan from Japan to upgrade Kyiv’s Bortnychi aeration station, which treats the city’s sewage water.
Two Ukrainian squads – Dynamo Kyiv and Shakhtar Donetsk – are set to play in this season’s Champions League, the European continent’s most prestigious tournament for soccer clubs.
After five months of talks with private creditors and the unpredictable consequence of a debt moratorium looming, Ukrainian Finance Minister Natalie Jaresko triumphantly announced on Aug. 27 that she had achieved a write-down of up to $3.8 billion of the nation’s debt.
Residents of Artemivsk in Donetsk Oblast decided to return the city’s historical name of Bakhmut, following a series of public hearings held last week, the city’s governing council announced on Aug. 25.
Barcelona’s most read soccer newspaper Sport on Aug. 25-26 has reported that Dynamo Kyiv forward Andriy Yarmolenko is wanted at Camp Nou as a replacement.
Ukraine national soccer team coach Mykhailo Fomenko is giving youth a chance in the next two penultimate European championship qualifiers against Belarus and Slovakia on Sept. 5 and Sept. 8, respectively.
Ukraine has secured a 20 percent writedown on principal payments for $19 billion of its publicly traded eurobonds, Dow Jones Newswires and Bloomberg reported on Aug. 24, citing unnamed sources.
Last year’s popular uprising that ousted disgraced ex-President Viktor Yanukovych is often referred to as the Revolution of Dignity. It appears that the public’s self-respect has indeed surged as Russia's war against Ukraine has united the country.
Ukrainian Prime Minister Arseniy Yatsenyuk during a weekly government meeting on Aug. 19 ordered to cancel the sale of a 5 percent stake in the most valued asset that is slated for privatization this year.