The bill on the high anti-corruption court (HACC) has finally passed in the Verkhovna Rada. President Petro Poroshenko promptly signed it into law, and it took effect on June 14th.
Politicians keep saying Ukraine won’t survive without IMF credits. However, the same people have been doing nothing to meet IMF demands.
Ukraine should enter a period of relatively predictable economic growth over the next two years. Consumption is on the right track, at +7.6% y/y in 2017, and local investment is climbing nicely, at +18.1% y/y, against a low baseline.
The process of preparation of the corporate tax reform in Ukraine was unprecedented in its openness and inclusivity. No other economic reform ever took so many time; involved so many high-level discussions among the best experts in the field; was supported by so many detailed calculations, etc.
Last month brought both good and bad news for Ukraine.
CASE Ukraine senior economist Volodymyr Dubrovsky looked into the shadow economy of Ukraine and made a rating of schemes on which the budget of the country could lose from 100 to 150 billion UAH.
Relations with the IMF have become a real headache for the presidential administration. Ukraine’s creditors have made it clear that an independent anti-corruption court is a must.
In 2018, the government will once again try to sell the bulk of non-strategic state-owned objects. It plans to get about USD 22 billion from the sale of state-owned objects. To implement this plan, the Verkhovna Rada adopted a new privatization law, which should substantially simplify the procedure for selling state property.
Case Ukraine`s senior economist Volodymyr Dubrovsky explains in an article for the Liga.Financy media outlet why individual entrepreneurship is a promising business form for Ukraine.
CASE Ukraine Senior Economist Volodymyr Dubrovsky shared his opinion to the Holos Stolysty radio that it is necessary to get rid of the pay-as-you-go pension system as it exhausted itself for demographic reasons.