During the past four years Ukraine has experienced acute political, economic and security challenges. The country witnessed the outbreak of the conflict in Eastern Ukraine as well as presidential, parliamentary and local elections.

When the Government took office in April 2016, it has committed to comprehensive political and economic reforms. Although significant steps have been done in this direction, including stabilizing and restructuring the banking sector, adopting a health reform package, establishing anti-corruption agencies and enhancing the transparency of public procurement, there is still a lot to be done.

The country’s GDP is expected to grow by 3.3% in 2018, up to 3.5% in 2019 and rise above 4% in 2020–21 after election-related uncertainties abate. Ukraine is holding a presidential election at the end of March and parliamentary election in October.

While 2019 may become a year of further changes for Ukraine both from the political and economic side, the country’s focus must remain on the implementation of the package of reforms in the areas of privatization, health, education, pensions, promotion of the rule of law. In this sense, it is important to understand what the inhibitory factors for the socio-economic development of Ukraine are and what are the steps to be taken.

The Doctrine “Ukraine 2030” gives a profound analysis on both. This is a policy paper developed by business representatives, members of the political elite and the scientific community of Ukraine that for the first time focuses on realistic mechanisms for the sustainable development of Ukraine as well as on the specific launch terms and the time-period needed for their implementation. The Doctrine answers such important questions as “What are the current strengths of the Ukrainian economy?” and “What state should the national economy be in to allow an innovative leap?”.

You may find the policy paper by following the link: https://www.ukraine2030.org/img/_book/E-Book-Doctrine-2030-en.pdf

In addition, this March, Ukrainian capital city - Kiev has become the member of the EBRD Green Cities programme. This €1 billion programme, promoted by the European Bank for Reconstruction and Development (EBRD) focuses on cities representing major opportunities for addressing environmental challenges and building a better and more sustainable future for the residents. Find more information on the news by following the link:

https://www.ebrd.com/news/2019/kiev-joins-innovative-ebrd-green-cities-programme-.html

Should you have any questions regarding the topic or about doing business in Ukraine, please, do not hesitate to contact us at: f.zucca@strategiaesviluppo.com

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