The E40 waterway project is a great idea from the geopolitical point of view. It connects three countries situated between Central Europe and Russia, and creates grounds for deeper regional cooperation. However, the economic and environmental sides of the project are not that great.
The COVID-19 pandemic has already inflicted severe damage on the Ukrainian economy despite relatively mild public health implications so far. The number of new COVID-19 cases seems to have stabilized over the last few weeks.
According to new Corruption Perceptions Index (CPI) 2019 published by Transparency International, Ukraine scored 30 points out of 100. This means that Ukraine has gone back to the level from 2017 and now ranks 126th out of 180 countries, alongside Kyrgyzstan, Azerbaijan, and Djibouti.
The now famous phone call between President Trump and President Zelensky released to the public in September attracted most attention around the Biden affair and possible links to US military assistance. Less noticed were Trump’s remarks that Europe did nothing for Ukraine.
Over the last years, Ukraine has intensified its trade links with the European Union driven by both the positive stimulus provided by the Association Agreement and a negative stimulus, namely the need to replace lost trade links with Russia.
Ukrainian government needs to take steps to reduce the possibility of hostile takeovers of property and should ensure transparent and lawful conduct of the judicial system and law enforcement agencies. It should also engage Ukrainian business associations in policy making.
Ukraine’s dependence on the market for exports to Russia has been declining drastically since 2011. Until then Ukraine’s exports to Russia, the EU, and the rest of the world had been following similar paths.
Soon Ukraine might finally expand the list of products protected by the geographical indications (GIs). The AA/DCFTA includes more than three thousand GIs from the EU,1 with only two Ukrainian GIs, wines Soniachna Dolyna and Novyj Svit.
While the vote-counting in Ukraine continues, it is already clear that President Volodymyr Zelensky has secured the power over legislative and, consequently, executive branches of the government. His political force, the Servant of the People party, has won a landslide victory in the snap parliamentary elections.