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Archive 2016

  • 12.10.2016

    Monthly Economic Monitor Ukraine No.10 (192)

    Highlight: BUDGET 2017
    The Government submitted the Draft State Budget Law for 2017 to the Parliament on September 15, 2016, which is the deadline in the Budget Code. There are some grounds to expect the budget process will move smoothly and will be approved by the end of November. So far, the Ministry of Finance actively engaged in discussions on fiscal parameters, while members of parliament as usual are trying to outdo each other in finding fault with some or all aspects of the proposed Budget.
    Issue:  No.10 (192) October 2016
  • 12.09.2016

    Monthly Economic Monitor Ukraine No.9 (191)

    Highlight: DAIRY PRODUCTS
    In July 2014, the Russian Federation banned import of milk and dairy products from Ukraine. Sine the beginning of 2016, the ban was extended to imports of all Ukrainian food products. According to official Russias position, this decision was caused by the implementation of the economic part of Association Agreement between Ukraine and the EU, in particular, the impossibility to control for country of origin. However, it was likely another instrument in the Russian hybrid war against Ukraine.
    Issue:  No.9 (191) September 2016
  • 12.08.2016

    Monthly Economic Monitor Ukraine No.8 (190)

    Highlight: DCFTA
    Since January 2016, the Deep and Comprehensive Free Trade Area (DCFTA) with the European Union finally became the reality for Ukraine. Establishment of the DCFTA was envisaged in the Association Agreement between Ukraine and the EU, signed in June 2014. The DCFTA resulted in the reduction of imports tariffs in Ukraine for the EU products.
    Issue:  No.8 (190) August 2016
  • 12.07.2016

    Monthly Economic Monitor Ukraine No.7 (189)

    Highlight: Brexit
    For Ukraine, Brexit will have limited impact on bilateral trade and investment with the UK if free trade with the UK is maintained. This may happen for example if the UK joins Lichtenstein, Norway, land and Switzerland in European Free Trade Association (EFTA) and its free trade agreement with Ukraine. Even if this is not the case the UK represents about 1% of Ukraines exports and less than 5% of FDI. Links between Ukrainian and British financial sector are also limited right now.
    Issue:  No.7 (189) July 2016
  • 13.06.2016

    Monthly Economic Monitor Ukraine No.6 (188)

    Highlight: Capital and currency controls
    On June 7, the NBU made the most significant changes to capital controls so far. This was likely part of changes in the capital controls agreed with the IMF as part of the second review of the EFF Program. These changes seem to be timed well.
    Issue:  No.6 (188) June 2016
  • 11.05.2016

    Monthly Economic Monitor Ukraine No.5 (187)

    Highlight: Gas tariffs
    On April 27, ahead of the schedule agreed with the IMFthe Ukrainian government introduced a new mechanism for setting the price of gas for households tying it to import prices.In the Memorandum with the IMF Ukraine committed to abolish the two-tier pricing structure and raise the household price as needed to reach 75% of the level consistent with import parity in April 2016 and 100% of that level in April 2017.
    Issue:  No.5 (187) May 2016
  • 13.04.2016

    Monthly Economic Monitor Ukraine No.4 (186)

    Highlight: Public procurement
    Public procurement legislation was revamped four times since 2008 and amended over seventy times. The goal of all four revisions was increasing efficiency of public sector spending, widely known for high level of corruption. According to the estimates of the Ministry of Economic Development and Trade losses from corruption and low competitiveness in the public procurement reached near 20% of procurement spending in 2014.
    Issue:  No.4 (186) April 2016
  • 11.03.2016

    Monthly Economic Monitor Ukraine No.3 (185)

    Highlight: Political crisis
    Instability is usual feature of Ukrainian politics. To some degree it is a price of the democracy: Ukraine changed five elected leaders over 25 years of the independence, which is the largest number among CIS states.
    Issue:  No.3 (185) March 2016
  • 11.02.2016

    Monthly Economic Monitor Ukraine No.2 (184)

    Highlight: External trade
    Since 2014 Ukraines exporters are feeling impact of armed conflict in the Eastern Ukraine and receive less and less dollars for their products due to plummeting prices for steel, wheat and many other commodities. Since January 1, 2016, exporters face additional obstacles for sale of goods to Russian purchasers. At the same time, Ukrainian importers received some relief. On January 1, 2016, provisional application of the deep and comprehensive free trade area (DCFTA) with the EU started, which lowers duties on the EU goods. Import duty surcharge (at 5-10%) was cancelled. Further we try to analyse impact of these events on international trade.
    Issue:  No.2 (184) February 2016
  • 11.01.2016

    Monthly Economic Monitor Ukraine No.1 (183)

    Highlight: Year 2015
    2015 was a year of many wins and losses for Ukraine. The year started with a big escalation of military conflict in the East of the country, which pushed economy to a larger recession than expected in the beginning of the year. It led to sharp hryvnia depreciation, inflation above 40%, drop in industrial output, and contraction of domestic demand. Fragile macroeconomic stabilisation was reached in the third quarter of 2015, while recovery is likely to be very slow.

    Highlight: YEAR 2015
    Issue:  No.1 (183) January 2016
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