A plane of low-cost airline Wizz Air takes off from the Schwechat airport in Austria on May 1, 2020. Hungarian lowcoster Wizz Air and German Lufthansa plan to resume flights from Ukraine in late May or early June, according to the websites of the airlines.
Parliament passes the bank law, a necessary step for receiving a new IMF program. In total, 270 lawmakers voted for the so-called “anti-Kolomoisky” law, passing it in the second reading. Among other things, the law bans returning nationalized banks to their previous owners, including now state-owned PrivatBank to oligarch Ihor Kolomoisky. Adopting this law was a requirement for the International Monetary Fund to provide Ukraine with a financial assistance.
Ukraine may get the first tranche from the IMF by June. The IMF may send Ukraine $1.75 billion – it first tranche under the new 18-month agreement – as early as at the end of May, said Serhiy Marchenko, Ukraine’s finance minister.
