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  • 23.02.2015

    A third of Ukraines small and medium business hopes to benefit from the Free Trade Area with the European Union

    Ukrainian small and medium enterprises are poorly represented on the European market and expect no major benefits from the establishment of the Free Trade Area between Ukraine and the European Union. At the same time, they are less wary of risks associated with the trade liberalization with the EU. In particular, small and medium businesses are less likely than big ones to suffer from sanctions from Russia and from a possible cancellation of free trade between Ukraine and the Russian Federation.

    Authors:  Fedets Iryna
  • 12.02.2015

    How many will Ukraine get from the IMF?

    Despite the different numbers that exist in cyberspace, we will try to explain how much money Ukraine will get.

  • 22.01.2015

    The year 2014 in review

    2014 was the most difficult year for Ukrainian economy in the XXI century. Ukraine faced economic crisis and military conflict in the East, while Russia annexed Crimea. Real GDP is estimated to decline by near 7% in 2014 due to a drop in domestic demand and weak external demand. High economic and political uncertainty resulted in low domestic and foreign investments. Private sector was not able to refinance its debts, which pushed financial account balance into deficit. The Government faced large liquidity gap as assistance from the IMF, the EU and other official donors was mostly used to repay previous debts including to Gazprom. As a result, fiscal expenditures were largely under-financed. At the same time, the authorities (during the year Ukraine received new President, new Government and new Parliament) were slow in implementing reforms in 2014. Still, the Association Agreement with the EU became partly effective in November 2014, defining Ukraines commitments on future reforms.

  • 19.01.2015

    Wary of possible Russian sanctions, Ukrainian enterprises choose the EU

    Most Ukrainian industrial enterprises support the European direction in the countrys economic integration. This has been shown by the survey of the Kyiv based Institute for Economic Research and Policy Consulting.The percentage of the enterprises that opt for economic integration with Russia and other CIS countries has shrunk almost three times compared to 2013. Yet, some in the Ukrainian industrial sector are concerned about possible Russian sanctions in case Ukraine pursues closer trade relationships with the EU.

    Authors:  Fedets Iryna
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