Nancy Sinatra on Ukraine’s Economic Relationships


Nikolai is still on vacation, now on the beach in [censored], drinking a… tall cup of coffee, yes, that’s it! A tall cup of coffee probably with a slight dash of Irish Bailey’s Cream. Filling in for him is the crazy guy from the swimming pool at the Kyiv Hilton. Call it the Sinatra Family […]

NBU abolishes some currency restrictions for business


Though this will undoubtedly be hidden amongst gas news and reporting from the front lines - somewhat earlier that expected, the National Bank of Ukraine has abolished some of its temporary restrictions on foreign currency. In short, with effect from 3rd November, the following temporary restrictions are lifted previously imposed under Resolution 591. “transactions undertaken in […]

“Ukraine was the top improver” - You don’t read that very often!


“Ukraine was the top improver in 2012/13, implementing reforms in 8 of the 10 areas measured by Doing Business.” Blimey! It’s not often you read anything that states Ukraine was the most improved at anything - and yet it is there in black and white, front and centre, on Page 9 of the World Bank/IFC “Doing Business […]

Developing a Ukrainian Silicon Valley: Will It Be Odessa or Kiev?

The technology sector is becoming increasingly important in the Ukraine, and not just in the negative sense that has previously hit the headlines. Odessa’s share of this industry has been particularly focused on the more creative side, with many of the IT companies that operate in the country choosing to locate their research and development departments […]

Ukrainian Businesses Look West, Held Back By Russia

Attempts to improve the situation for businesses in the Ukraine have been focused on strengthening international relationships, particularly with the EU, but such attempts have been countered by Russian moves to hold on to the historic bonds between the two countries. Strengthening Links to Europe Businesses in the Ukraine have traditionally relied on strong trade links […]

Hryvnia to pass devaluation peak in 2013 - World Bank


UKRAINE-EXCHANGE-WORLD-BANK-FORECAST The Hryvnia will devaluate in 2013 to UAH 8.70/$1 from UAH 8.00/$1 in 1012, the World Bank has predicted. The World Bank said in its latest Global Economic Prospects published late on Tuesday that in 2014 the hryvnia exchange rate will start strengthening: in 2014 it will reach UAH 8.60/$1 and in 2015 it […]

Customs Union expansion with Vietnam - Will it make it more attractive to Ukraine than the EU?


I have written very often about the DCFTA (and attached AA) agreements that are now agreed between the EU and Ukraine, even if not signed and ratified for the foreseeable future.  Far less frequently have I written about the Russian led Customs Union. This is because, thus far, despite the offer of a $9 billion […]

$53.4 billion sent off shore


According to some media reports, the rather handsome sum of $53.397 billion has been sent off shore via Ukrainian banks in the past 2 years. The main facilitators of this exodus of cash have been Privat Bank which transfered $32.717 billion, Pumb Bank which transfered $3.249 billion and Nadra Bank which move $1.155 billion. In […]

New Section Coming - Business & Finance - Crowdfunding Reviews & Tips

This new section is devoted to the world of international finance and business opportunities. Sort of a catch all to allow for variety - from the big to the small. This coincides with some of the longer term goals of OdessaTalk with respect to UkrBDG and my own participation in the development of It’s […]