Economics and finance are an inevitable part of everyday life for every individual. Economic decisions accompany us at every step: when buying products, saving money for education, retirement, or vacations, choosing a profession or a job, paying utility bills, loans, taxes, and so on. And how well-informed these decisions are directly impacts our individual and collective future.
Ukraine is going through a crucial period in its history, continuing its path toward joining the European Union despite a full-scale invasion. It is not a surprise that so much attention is drawn to this process both within Ukraine and beyond its borders. That is why Bendukidze Free Market Center and the Institute of Economic Research and Political Consultations launched the project “Monitoring Ukraine’s Accession Into the EU”.
The team from Liberte, the Institute for Economic Research and Policy Consulting and Bendukidze Free Market Center, with the support of the Friedrich Naumann Foundation for Freedom, continue to monitor Ukraine’s progress or regression on its path to the EU on a monthly basis.
The full-scale invasion of Ukraine has severely limited its capacity to export goods. Since July, Russians have been relentlessly attacking Ukrainian ports, repeatedly sending missiles at the port infrastructure of Chornomorsk, Odesa, Reni, and Izmail. In spite of this, Ukrainian farmers have successfully exported 58 million tons of grain by sea, river, and land.
According to the Fraser Institute’s updated “Economic Freedom of the World” report, Ukraine has left the group of the most economically unfree countries. The report measures the level of support for economic freedom by countries’ institutions and policies in five areas: the size of government, the rule of law and the protection of property rights, sound money, the freedom of international trade, and the regulation of the labor market and business.
We are slowly but surely approaching the mark of a year and a half since Russia launched the full-scale invasion of Ukraine. During this time the necessity to track direct and indirect damage caused by it has become both a priority and an enormous challenge for numerous Ukrainian and international organizations. One thing is already clear – we will be doing the math long after the war is over.
You might be familiar with a popular phrase often used jokingly «The patient is more dead than alive». However, when used as an economic diagnosis for Ukraine, it is no laughing matter. Today’s destruction of the Kakhovka Hydroelectric Power Plant (HPP) is making an already very tough situation a lot worse for a number of reasons.
