Turkey now Ukraine’s top foreign investor, with already booming free trade set to grow further

Cameron Jones in Kyiv November 1, 2021

Ukraine’s trade volume with Turkey can double to $10bn per year if the details on a long-awaited free trade deal are straightened out after years of negotiations.

Kremlin issues warning after Kyiv uses Turkish drone in eastern Ukraine strike

bne IntelIiNews October 27, 2021

Bayraktar T2B said to have destroyed Russian-made howitzer in separatist-controlled area. Russia says uses of battlefield technology risks destabilising conflict situation.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

National Bank of Ukraine leaves key policy rate unchanged at 8.5%

Cameron Jones in Kyiv October 26, 2021

The central bank said it stands by its 2021 prediction of 9.6% inflation for Ukraine, slowing to 5% at the end of 2022.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

bneGREEN: G7 could set green example for rest of world

By Richard Lockhart in Edinburgh October 21, 2021

G7 countries have the potential to reach net zero in the power generation sector by 2035 and spur decarbonisation in other economies and sectors.

Russia at the Dubai Expo 2020

bne IntelliNews October 21, 2021

The Russian and Ukrainian pavilions at the Dubai Expo 2020 opened on October 1 to showcase the two countries to the rest of the world.

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

Ukraine to be self-sufficient in gas and abandon imports within five years – Naftogaz

Ben Aris in Berlin October 21, 2021

Ukraine will be able to fully supply itself with gas and abandon gas imports entirely within five years, Yuriy Vitrenko, chairman of the Ukraine’s national gas company Naftogaz said during a conference in Kyiv.

Ukraine GDP increases 2.9% in 8M21, ministry estimates

Cameron Jones in Kyiv October 20, 2021

Ukraine’s real GDP increased 2.9% y/y in 8M21, accelerating from a 2.1% y/y growth in 7M21.

Russia’s coronavirus spike threatens the whole region

bne IntelliNews October 20, 2021

Vaccine scepticism means just under a third of the Russian population is vaccinated and the government admitted last week that it had “lost the information campaign” to persuade its people to take the pandemic seriously.

ING: Growing metals demand & the issue of emissions

Warren Patterson Head of Commodities Strategy at ING in Holland October 19, 2021

The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.

Ukraine’s Naftogaz asks to take part in decision to certify Nord Stream 2 gas pipeline

bne IntelliNews October 19, 2021

Naftogaz says Nord Stream 2 cannot be certified because it does not fully comply with European legislation.

IMF reaches staff level agreement on $5bn loan to Ukraine

Cameron Jones in Kyiv October 18, 2021

The government in Kyiv has convinced the International Monetary Fund (IMF) that is it serious about reforms and persuaded the fund to unfreeze its $5bn Stand By Agreement (SBA), the fund said on October 18.

Ten years after start in Ukraine, GitLab lands on Nasdaq at $11bn valuation

East West Digital News in Moscow October 15, 2021

GitLab (‘GTLB’), a San Francisco-based open-source software startup founded by Ukrainian entrepreneur Dmitry Zaporozhets and Dutch-born Sid Sijbrandij, made its debut on the Nasdaq at a valuation of $11bn on October 14.

IMF downgrades Ukraine's growth outlook for 2021 to 3.5%

bne IntelliNews October 14, 2021

The International Monetary Fund (IMF) downgraded Ukraine’s economic forecast for 2021 to 3.5% GDP growth from 4% in its April prognosis, according to the IMF’s World Economic Outlook (WEO) released on October 12.

bneGREEN: Governments still woefully short of IEA’s net-zero requirements

By Richard Lockhart in Edinburgh October 13, 2021

Governments need to smash the stubborn dominance of fossil fuels if the world is to reach net zero by 2050, despite the rapid development of green technologies, the IEA warns.

Ukraine consumer inflation accelerates to 11% in September

Cameron Jones in Kyiv October 12, 2021

Annual inflation in Ukraine accelerated to 11.0% year on year in September from 10.2% for the previous month, driven mostly by food and clothing prices.

FPRI BMB Ukraine: Ukraine has more politicians in Pandora Papers than any other country in the world

FPRI BMB Ukraine October 8, 2021

Thirty-eight Ukrainian politicians are named in the Pandora Papers, including President Zelenskiy himself. In fact, Ukraine had more politicians pop up in the leak than any other country in the world.

Threat of new EU travel restrictions looms ahead of Western Balkan summit

Clare Nuttall in Glasgow, Ben Aris in Berlin October 5, 2021

Ahead of the EU-Western Balkans summit on October 6, a leaked EU document revealed that several EU member states are seeking to restrict visa-free travel for some nationals from the region as well as other East European countries.