The Ukrainian economic crisis of 2014-15 was caused by a number of factors, each one coinciding and reinforcing the other. Today, the country’s economy is recovering, but it remains highly dependent on the speed and the ultimate success of several key reforms, of which judiciary reform is the most important.
The previous political regime left the country with many unresolved internal structural economic problems: the huge fiscal deficit (half of which was the deficit of Naftogas); a non-performing banking system ridden with nepotistic lending and a host of other problems; the overvalued currency and depleted international reserves; and an unfriendly business …read more
Source: Emerging Europe