Monthly Archive: September 2015

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Depoliticize the Budget Process and Empower the Ministry of Finance

Ivan Mikloš is convinced that current situation in the budgetary process and broader public finance area in Ukraine, it strongly reminds of the situation in Slovakia in 2002. Public finance reform including the change of the budgetary process have played a very important role in solving situation. Another important reform that changed the budgetary process was fiscal decentralization.

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The Geostrategic Games around the Word “Investment” in Crimea

In this article Ridvan Bari Urcosta raises a number of issues that are important for the understanding of the situation in the occupied Crimea with respect to investment and foreign trade. In particular, article shows how the current situation is significantly different from the pre-occupation period, elaborates on the plans of the local self-proclaimed authorities for raising investment attractiveness of the region, considers the prospects of international economic cooperation of Crimea under current conditions.

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Remarks by US Ambassador Geoffrey Pyatt at the Odesa Financial Forum

During my tenure as U.S. ambassador to Ukraine, I have been inspired by the Ukrainian people’s demand for accountability. During the Revolution of Dignity, and every day since, Ukrainians have persevered, often at great personal cost, in order to determine their own future. Despite an invader in the east – using weapons and words to weaken, dispirit, and distract – national, regional, and local officials are moving forward with difficult political and economic reforms to bring Ukraine closer to its chosen European future. However, they – we – must not ignore an equally tenacious enemy dead set on undermining Ukraine’s economic success. That enemy is corruption.

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Minsk II – Simply Another Form of Russian Aggression

The recent violence in Kyiv in connection with protests over Ukrainian parliamentary consideration of some sort of special status for the separatist part of the Donbas is unforgivable. But Minsk II, the hastily cobbled together peace treaty engineered by Germany and France under Russian pressure, is no less forgivable for having placed Ukraine in a near impossible situation.

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Crimea Triangle: Where do Missing Trucks from Ukraine Go?

To access economic effect of the Crimean blockade, one should have the data regarding the trade flows between mainland Ukraine, Russia, and the occupied peninsula. If there are no such data or the data quality is suspicious, one should use indirect ways to estimate the values. We employ the latter approach. Using data on inbound/outbound ferry traffic between Crimea and Russia, we show that there is a net outflow of trucks from Crimea to Russia (approximately 3000 trucks during Apr-Aug 2015) which is consistent with massive smuggling.

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Mariya Aleksynska: Ukraine’ s Low Labour Productivity: Who is Truly Responsible

According to the World Bank Survey the inadequately educated workforce was a problem more severe than business licensing or land rights acquisition over the years. That’s why the potential state interventions should aim at improving the education quality, adjusting curricula to the new market needs, and involving enterprises, including foreign ones, into the development of curricula. The state should also create incentives to firms to provide apprenticeships, traineeships and internships so as to create bridges between the world of education and the world of work.

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Index for Monitoring Reforms (iMoRe). Release 18

Index for Monitoring Reforms (iMoRe) from VoxUkraine aims to provide a comprehensive assessment of reform efforts by Ukraine’s authorities. The Index is based on expert assessments of changes in the regulatory environment in five areas. The iMoRe value for the 18th monitoring period (August 31st –September 13th, 2015) constituted +0.6 point out of a possible range from -5.0 to +5.0 points. Index value fell further after weak results last period since mere achievements in governance, anti-corruption, public finance and industrial organization areas were offset by absence of any progress in monetary policy and energy sectors.