Oleksandr Shlapak, a former finance minister and a PrivatBank veteran has been named to turn around the bank seen as 'too big to fail'
In biggest step of two-year bank cleanup, government moves on Privatbank; plan would inject new capital protect depositors and unlock latest IMF tranche.
Government will have 100% stake in Privatbank after takeover; Cabinet says shareholders asked government to step in
“Attractiveness of investing” in Ukraine has stabilized at the highest level in five years, according to European Business Association poll. Respondents calling Ukraine’s business climate “unfavorable” fell to 67 percent from 78 percent.
Dutch company Yuzgaz BV sued the Cabinet of Ministers and Ministry of Energy of Ukraine last week for their refusal to approve a PSA. The firm made the highest bid last summer to develop Ukraine’s largest known shale reserve.
New road and rail links to Poland and Hungary to improve Ukraine's EU ties
Ukraine's state enterprises are ahead of private corporations when it comes to implementing corporate reforms
In another step toward Western management for Ukraine companies, a national registry of independent candidates for company boards is to be created in coming months.