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What's a FOP, and why are the IMF and Ukraine fighting over it?
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What's a FOP, and why are the IMF and Ukraine fighting over it?

by Liliane Bivings

Editor's note: A version of this article first appeared in the Ukraine Business Roundup, our weekly newsletter on what's shaping Ukraine's businesses and economy. Sign up here. After months of failing to pass a range of measures needed to unlock billions in stalled donor funding, Ukraine’s parliament made a small dent in the long list of reforms this week. But there was one piece of regulation conspicuously absent from the agenda. As part of a new $8.1 billion International Monetary Fund loan

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In Hungary's most consequential election in years, JD Vance did too little too late

The visit of U.S. Vice President JD Vance to Budapest was intended to provide a timely boost to Prime Minister Viktor Orban ahead of Hungary's parliamentary elections this Sunday. Instead, the visit just highlighted the widening gap between the government's international agenda and the domestic realities facing Hungarian voters. In a campaign defined by economic hardship and the sudden rise of a formidable opposition, the arrival of a senior American official felt more like a desperate distrac

U.S. Vice President JD Vance (R) and Hungarian Prime Minister Viktor Orban (L)  in Budapest, Hungary, on April 7, 2026.

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The Kyiv Independent’s Business Desk covers the biggest news in business, economics, and tech from Ukraine, as well as global developments that shape the economy of the region.

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