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[…]
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[…]
Starting from mid-August, the price of fuel in Ukraine has increased by more than UAH 3. As a result, the average price of gasoline A95 in early October exceeded UAH 33. Such an increase in prices troubled consumers and led to protests. Protestants accused the gas station of conspiracy and the state of too high Read more about Ukraine’s fuel market in turmoil: trends and key players[…]
Russian aggression in the East of Ukraine has been going on for four years already, but despite this, Russia still remains the main trading partner of Ukraine. During the period 2013-2016, the trade turnover between Ukraine and the Russian Federation decreased by 4.4 times. However, in 2017 there was a revival of trade relations: the Read more about Ukraine-Russia trade ties: Trends and forecasts[…]
On September 21 in Kyiv, Yuliia Tymoshenko presented a program of economic reforms called “New Economic Course” developed by the team of experts under her auspices. The key ideas declared in the New Economic Course include transition from the oligarchic raw material system to the social market economy of innovation type, struggle against monopolies, the Read more about New Economic Course by Tymoshenko?[…]
In early September, the Parliament lifted a moratorium on the export of logs, which has been in operation since 2015. The moratorium has caused the deterioration of relations with the EU and, at some point, has become a reason for not receiving Ukraine a tranche of macro-financial assistance. Officially, the moratorium is aimed at combating Read more about Round timber export ban: historical background and positions of stakeholders[…]
Austria ranks 23rd among all the countries of the world, where Ukraine exports, and the 20th among the countries that import goods and services to Ukraine. In the structure of Ukrainian exports to Austria, ores, slag, ashes and wood products dominate, while in the structure of Austrian imports to Ukraine – the production of machinery Read more about Austria – Ukraine trade[…]
Latvia ranks the 33rd place among all the countries of the world, which exports Ukraine, and the 47th among the countries that import goods and services to Ukraine. The structure of Ukrainian exports to Latvia is dominated by mineral fuels, machinery products and ready-maid grain products, while in the structure of Latvian imports to Ukraine – goods purchased in ports and pharmaceuticals. Read more about Latvia – Ukraine trade[…]
The Netherlands is one of Ukraine’s main trading partners and is ranked 10th among all countries where Ukrainian products are exported and 19th among importing countries. The structure of Ukrainian exports is dominated by cereals, oils and ferrous metals, and in the structure of Dutch imports – the products of machine building, polymers and pharmaceuticals Read more about Ukraine – Netherlands trade[…]
Ukrainian officials believe that Ukraine is not threatened with default in case of failure to receive the long-awaited IMF tranche. The head of the National Bank, Yakiv Smoliy, is confident that Ukraine will be able to pay off its debt obligations by 2020 without external financing, including without IMF loans. The source of repayment of Read more about Alternatives to the IMF tranches: possible government decisions[…]
Since the beginning of 2014, the banking system of Ukraine has experienced one of the strongest crises in its history. The crisis in the banking system started almost during Euromaidan. It was through the banking sector that the flywheel began to unfasten the economic crisis in early 2014. The political situation in the country provoked Read more about Banking Sector Reform 2014-2018: Main Trends and Risks[…]