The Banker magazine of the Financial Times Group has released a special report on Ukraine. The publication features some insights into the status quo and into reform work in the areas of ownership rights and insolvency, as well as reporting on banking sector legislation shaping and trends.
Along with other experts of the banking sector, Olexiy Soshenko, managing partner and Head of the Banking and Finance and Debt Restructuring and Insolvency practices of Redcliffe Partners, comments on the "clean-up" process in banking sector assets: "Everybody was worried the entire economy might be hit [when Privatbank was nationalised] but the National Bank and Finance Ministry kept the situation under control." For the full article entitled “Ukraine’s banking sector seeking a new normal”, please follow the link.
In his assessment of Ukraine’s developments on the path to economic recovery, Olexiy describes how "It was a big frustration that none of the privatisations occurred in 2016." He adds: "This could have fuelled the economy. The government now needs to make some serious changes to its privatisation approach and present investors with a clean asset to invest in." For the full article entitled “Ukraine’s obstacle-laden path to progress”, please follow the link.
Special report by Stefanie Linhardt.