Week’s balance: Budget wars in Rada, Groysman’s six-month report, and money for gas
The Verkhovna Rada of Ukraine adopted in first reading the draft state budget-2017, Prime Minister Volodymyr Groysman presented a report on six months of the Cabinet’s work, while the World Bank has provided $500 million for Ukraine’s gas purchases – these are the main economic news of the past week.
Week’s balance: Start of heating season, EU’s new requirements, and Cabinet’s incentives to industry
The Ukrainian authorities gave start to the heating season, the European Union put forward new conditions for Ukraine to obtain macro-financial assistance, while the government promised to find incentives for the development of national industry in the hope to accelerate the economy growth.
Infrastructure Minister Volodymyr Omelyan: I have a lot of "why’s" to Ukrzaliznytsia
Ukraine’s Minister of Infrastructure has told in an interview with UNIAN about projects that will see funding from a $1 billion loan, plans to increase rail fares, and performance of CEOs of Ukrainian Railways [Ukrzaliznytsia] and Ukraine’s State Postal Service [Ukrposhta].
Week’s balance: IMF plan, moratorium on farmland sales, and fight against raiders
The International Monetary Fund issued its recommendations to Ukraine on how to preserve growth of the country’s economy. Despite the advice, the Parliament extended for one year a moratorium on farmland sales. It also passed a bill enhancing the fight against raiding. These are the main economic news of the past week.
Will IMF's latest tranche become last for Ukraine
The International Monetary Fund has published an updated list of recommendations to Ukraine in the framework of a four-year reform program. The list of requirements is very tough. A new fourth loan tranche worth $1.3 billion is at stake. However, Kyiv is at risk of having the disbursement delayed, because one of the key requirements - the launch of the land market - has "failed" to be fulfilled.