The IMF has provided Ukraine with a $700 million tranche, but this should not be seen as a marker of the reforms implemented by Ukraine or the correctness of all of its decisions made. The country’s banking sector keeps hanging over...
Since 2014, Ukrainian society has undergone important changes. Some of them can be considered irreversible, others – stable enough to provide the driving force for further transformation. Key among these changes were banking reforms,...
It has again taken Ukraine many months to break down the domestic opposition of vested interests in order to qualify for much-needed international assistance. President Volodymyr Zelenskyy recently signed into law two key bills: one aimed...
This mixed performance is the reason why FDI inflows amounted to less than 2% of GDP in 2017; a low value in regional comparison. The latest developments in reform policy are not very promising. The speed of reforms has slowed down; partly...
Oleg Sysuyev, the deputy head of Alfa-Bank, Russia’s seventh largest bank by net assets, says that his institution will no longer provide services to Russian defense industries that have fallen under US sanctions, even though...
Ukraine’s banking sector underwent fundamental changes since 2014. Driven by the National Bank, this process culminated in the removal of more than half of the banks from the market. As a consequence, bank assets in relation to GDP...
This recovery process is accompanied by a general stabilisation trend. The exchange rate has been stable for a considerable amount of time and is now backed by significantly larger foreign exchange reserves. Inflation is still high at...
First stereotype: Ukrainians are very poor Some Europeans viewed Ukraine as extremely poor. Many Ukrainian refugees were surprised to learn that. “They perceived us almost like we are cave people who do not know and have not seen...
