Ukraine

Ukrainian SMEs are poorly represented in the European market and do not expect any significant benefits from the free trade zone between Ukraine and the EU. At the same time, they are relatively less afraid of the possible negative consequences of trade liberalization with the EU.

Orbán is interested only in cash, not in values. His disregard for values or (to make it sound more proudly) for ethos of Western democracy continues for years and is expressed in many constitutional reforms or a positive evaluation of the model of the political system of modern China. He therefore easily avoids the topic of Ukraine\'s right to sovereignty, self-reliance in international politics and territorial integrity.

The conference organised by Foundation Institute for Eastern Studies on February 15-17 in Łódź gathered in Poland many distinguished individuals, including politicians, journalists, think tankers and many others, who were seeking the possible ways of helping Ukraine develop in the midst of the on-going conflict with Russia. Liberté! was media partner of the event.

What will happen if there accidentally will be a change of government in Russia under the pressure of economic sanctions? This would be a success for European Union, but at the same time it would not solve the fact that Russian propaganda of nationalism has build anticipation in Russian society that a new leader will have to face, having in mind his own reputation.

Ukraine introduced value added tax (VAT), which is one of the essential sources of fiscal revenues in many countries, in 1992. The tax became important for Ukraine’s economy as it brings about one third of consolidated fiscal revenues and accounts for near 10% of GDP. However, with years the tax became known for poor administration and fraud. Some loopholes in the administration relate to numerous VAT privileges and exemptions.

2014 was the most difficult year for Ukrainian economy in the 21st century. Ukraine faced economic crisis and military conflict in the East, while Russia annexed Crimea. Real GDP is estimated to decline by near 7% in 2014 due to a drop in domestic demand and weak external demand.

Application of genetic engineering technology is strictly regulated in the EU. GMO as well as food or feed containing GMO is subject to a comprehensive authorisation procedure which involves risks assessment to human health and the environment, before the company is allowed to place GMO on the market. But how does it work in Ukraine?

The Ukrainian policy of export restrictions over recent years did not have the desired effect on the consumer prices and does not solve the declared policy target of food security.

By applying additional economic measures to diplomatic pressure the EU and US expressed disapproval of the Russian violation of fundamental international norms

The 34th edition of the Survey of the Lithuanian Economy provides forecasts of the main economic indicators for 2015 that are based on a poll of market participants.