After Orthodox Christmas, I spent a few days in Kyiv. It is quite striking how the mood has changed in a positive direction. The 2016 budget and the modified tax code were adopted on December 24. After two weeks of well-deserved rest, there is a sudden realization that Ukraine accomplished many important economic reforms in 2015. Admittedly, many Ukrainians repeat the mantra that no reforms have taken place, but that is not true. Hundreds of sensible reform laws have been adopted and their breadth is impressive.Energy reform has greatly reduced price discrepancies and limited the opportunities for corrupt arbitrage between …read more
Source: Atlantic Council