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

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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All you need to know about Hungary's election

As Hungarians are heading to the polls on April 12, the prospect that the 16-year rule of Hungarian Prime Minister Viktor Orban and his Fidesz party might come to an end will have far-reaching consequences for Ukraine, Europe, and maybe the world. A lot is at stake for Ukraine in this election. Orban has blocked a €90 billion EU loan for Kyiv, and used its veto power to prevent the EU from opening accession negotiations with Ukraine — and Moldova — for almost a year. Facing down Fidesz, and mo

Russia is giving its masterclass in election interference ahead of Hungary's vote

When Hungarians go to the polls tomorrow, they will be voting in an environment poisoned by probably the largest documented campaign of foreign election interference in EU history. The central paradox of this campaign is not that Russia is interfering — that has long become the norm. It is that Russia is doing so while wearing a Ukrainian disguise. In Hungarian elections this year, the Kremlin has bundled everything into one package and added an element never before deployed at this scale: the

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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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