Ukraine’s debt policy in 2019: risks and shortcomings

In 2019, Ukraine pursues a rather active policy of attracting financial resources through the mechanism of government bonds. A significant portion of the bonds were bought by non-residents. For the first time in Ukraine, foreign investments in domestic government bonds (government bonds) exceeded UAH 100 billion (USD 4.06 billion). This policy made it possible to Read more about Ukraine’s debt policy in 2019: risks and shortcomings[…]

Land reform in Ukraine: to be or not to be

Land reform in Ukraine has already been lasting for 28 years. However, despite a number of completed measures (a huge area transferred to private ownership, unshared), the reform till recent times was far from being complete: the market of agricultural land does not exist, a significant portion of the rental market is “in the shadows”, Read more about Land reform in Ukraine: to be or not to be[…]

Fiscal innovations of the new government

On September 10,2019, MPs voted in the first reading for the bills, which determine the rules for using cash registers (PPOs) by the business. These bills are aimed at combating tax evasion by large businesses using status of individual entrepreneurs (FOPs).  These bills provoked heated discussions. While discussing the draft at the Rada meeting, MPs Read more about Fiscal innovations of the new government[…]

Prospects and Challenges of the Ukrainian Economy in the Second Half of 2019

Ukraine’s GDP shows growth for the 14th consecutive quarter. GDP grew by 4.6% in the second quarter of 2019. President Zelensky has promised growth of 5-7% of GDP. Under favorable circumstances, Ukraine may well expect a 5% growth in 2019. However, this growth is unlikely to be sustainable. There are many risks and challenges for Read more about Prospects and Challenges of the Ukrainian Economy in the Second Half of 2019[…]

Launch of electricity market in Ukraine: opportunities and risks

   Starting from July 1, 2019, electricity market started to operate in Ukraine – electricity prices began to be determined on a market basis. However, today market participants and experts have different opinions about the readiness of the energy system. Similarly, the various implications of the launch of the market for consumers are also different. Read more about Launch of electricity market in Ukraine: opportunities and risks[…]

Monetization of subsidies: political bribe or reform?

  At the beginning of 2019, the Government decided to introduce a cash form of monetization of privileges on the eve of the elections. This innovation caused sharp controversy. Some experts believe that the introduction of cash monetization just before the election has signs of political bribery. The other part believes that this political decision Read more about Monetization of subsidies: political bribe or reform?[…]

THE IMPACT OF THE EU-UKRAINE DEEP AND COMPREHENSIVE FREE TRADE AREA ON THE UKRAINIAN INDUSTRIAL SECTOR

“Democracy House ” thanks to support of the Representative Office of Friedrich Ebert Fund in Ukraine and Belarus, prepared the research “THE IMPACT OF THE EU-UKRAINE DEEP AND COMPREHENSIVE FREE TRADE AREA ON THE UKRAINIAN INDUSTRIAL SECTOR” Using vector autoregression models, we have analysed the impact of the aggregate rate of the EU import duty and Read more about THE IMPACT OF THE EU-UKRAINE DEEP AND COMPREHENSIVE FREE TRADE AREA ON THE UKRAINIAN INDUSTRIAL SECTOR[…]

Analysis of economic programs of major presidential candidates

 The analysis of the election programs of the main presidential candidates indicates the emphasis on social promises, which is a traditional tool for Ukraine. The majority of the programs analyzed contain mutually exclusive points, which are associated with promises to increase social support and payouts simultaneously with a reduction in tax burden. Economic blocks of Read more about Analysis of economic programs of major presidential candidates[…]

Ukraine’s economy in 2019: risks and trends

The Ukrainian economy is gradually emerging from the acute crisis of 2014-2015, but this recovery is not impressive at a high pace. Unfortunately, in the course of five post-revolutionary years, Ukraine failed to carry out the necessary radical reforms. In 2019 Ukraine is expected to keep restrained GDP growth at 3%. Inflation is expected at Read more about Ukraine’s economy in 2019: risks and trends[…]

Economic risks of the introduction of the martial law in Ukraine

In the time of Ukraine’s independence, the martial law has never been introduced, therefore it is difficult to estimate its economic consequences. Not surprisingly, the introduction of the martial law in Ukraine has caused mass discussions both among the public and in expert circles. As of today, it can be noted that some of the Read more about Economic risks of the introduction of the martial law in Ukraine[…]