2015 was a year of many wins and losses for Ukraine. In the first half of the year, Ukraine faced a near-perfect storm of escalating military conflict, falling commodity prices and political instability. As a result already low export revenues went even further down and foreign currency reserves dropped to 5 billion dollars.
It is settled that provisional application of Deep and Comprehensive Free Trade Area (DCFTA) between Ukraine and the EU will start since January 1, 2016. In a response, Russia is expected to increase trade barriers vis-à-vis Ukrainian goods.
How to tax small businesses? In recent months, this question has become the centre of heated discussions in Ukraine. The main topic of the discussions is the future of the Simplified System of Taxation, Accounting and Reporting (or Simplified Tax System, STS), which may be reformed as part of the government’s tax reform.
Today, when we talk about increasing the export capacity of Ukraine, we can hear about the need to focus on exporting the high-tech products, products with high value added and a high level of processing – it seems very attractive because all of the above are important “export benchmarks” which should be strived for.
The forthcoming heating season of October 2015–April 2016 may be the most challenging season for the Ukrainian energy sector since Ukraine’s independence. Each subsector of energy sector has its own challenges in addition to the general problems such as the military conflict in the East, currency depreciation, debt accumulation, and high inflation.
The short natural gas supply cut to Ukraine during the 2006 gas crisis and the 2009 dispute, in which Gazprom again decided to halt all gas supplies via Ukraine, not only contributes to a growing perception of the politicisation of EU-Russian gas trade but the reliability of Russia as an energy provider in general.
We have the pleasure the present you the third of the series of our policy papers that we will be publishing in the near future. The publication discusses the issue of Internal Market and the EU-Russia Sanctions and examines experience of Visegrad Countries one year on. Enjoy your reading!
The delay with the implementation of the DCFTA had caused some concerns that important economic reforms associated with the Agreement could be delayed. However, one year after the Agreement signature, reforms are moving forward.
According to the Business Tendency Survey, a quarterly survey of industrial enterprises in Ukraine carried out by the Institute for Economic Research and Policy Consulting (Kyiv), the biggest obstacles to production growth in Ukraine in May 2015 were low demand, liquidity problems, excessive taxation, and unstable political situation.
The events during the Christmas Truce 1914 were described by Robert Naiman as “the most morally compelling acts of spontaneous mass civil disobedience in recorded human history”. The anniversary of this date is a perfect opportunity to investigate the power and impact of free press not only in those times, but also in present day when it comes to Ukraine-Russia- conflict.