This op-ed was originally published in the Kyiv Post. It will also be published in Vox Ukraine.
Naftogaz, the giant publically-owned Ukrainian oil and gas company with 80,000 employees, used to be a synonym for wastage, corruption and opacity. But it looks like it might have turned a corner. Thanks to a new management team, a fourfold increase in gas prices and the beginning of legal reforms, its losses in 2015 will be down to 3.1 percent of Ukraine’s GDP, from 5.5 percent in 2014, according to the International Monetary Fund. The impact on the deficit could fall to 0.2 percent …read more