How Ukraine Lost Its Investment Paradise
After two years of “generational shift” in Ukrainian governance, oligarchs continue to shape domestic policy, ruining the country`s perspectives and President Zelensky’s reputation.
“Ukraine has to become the investment ‘Mecca’ of Central-Eastern Europe… This is the matter of our survival,” proclaimed Ukrainian President Volodymyr Zelensky at the Davos Economic Forum in January 2020.
A half-year before, Volodymyr Zelensky, young and energetic, decisively won the presidential elections. A self-made man from showbiz, a “guy like you” in his early forties, he seemed to personify the aspiration of Ukrainians for better governance and real reforms.
TIU Canada to contest court decision to shut down solar plant in Nikopol 2 min read
Ekotechnik Nikopol LLC (TIU Canada) will contest the decision of the Kyiv Economic Court, which rejected the company s claims to Nikopol Ferroalloy Plant (NFP), which disconnected its 10.5 MW solar power plant from the power grid in March 2020. TIU Canada has announced the intention to file an appeal against the decision of the first instance court in the case against NFP on the illegal shutdown of the power plant. This action is due to the decision of the Kyiv Economic Court dated January 26, which ruled in favor of NFP, despite the significant amount of evidence that was presented by the legal team of the company, according to a press release.
TIU Canada to Appeal Ruling in Illegal Disconnection Case Against Nikopol Ferroalloy
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KYIV, Ukraine, Feb. 18, 2021 /PRNewswire/ - Solar energy producer TIU Canada announced their plans to appeal a lower court decision in their case against the Nikopol Ferroalloy Plant (NFZ) for illegal disconnection today. This move follows a January 26 decision by the Kyiv Commercial Court to reject the claims of an illegal disconnection despite overwhelming evidence presented by TIU Canada s legal team.
TIU Canada President Michael Yurkovich stated
Ukrainians and foreign investors alike are tired of oligarchy and injustice. Ukraine is on the wrong track. The Euro-Atlantic aspirations of the Ukrainian people will never bear fruit unless the administration takes to heart real judicial reform and complete de-oligarization of the economy and government. Efforts to date are piecemeal and futile against entrenched interests which regularly
TIU Canada to Appeal Ruling in Illegal Disconnection Case Against Nikopol Ferroalloy apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Ukraineâs ferroalloy output down 28.6 percent in 2020 Monday, 25 January 2021 14:43:36 (GMT+3) | Istanbul
In 2020, Ukraine-based mills produced 746,400 mt of ferroalloys, down 28.6 percent year on year, according to UkrFA (Ukrainian association of producers of ferroalloys and other electrometallurgy products). In particular, the output of silicomanganese produced by Nikopol Ferroalloy Plant (NZF) and Zaporozhye Ferroalloys Plant (ZZF) in the given period decreased by 30.4 percent year on year to 559,900 mt. Meanwhile, the output of ferromanganese produced by NZF, ZZF and Kramatorsk Ferroalloys Plant (KZF) rose by 28.4 percent year on year to 123,000 mt. In particular, KZF produced 34,090 mt of ferroalloys in 2020 versus 70,600 mt in 2019. Meanwhile, Ukraineâs output of ferrosilicon in the given period declined by 2.8 percent year on year to 60,800 mt, while its output of manganese metal fell by 54.4 percent year on year to 2,800 mt.