Ukraine’s economic fundamentals are poor and it has witnessed only a mild recovery since the beginning of the global economic crisis. Growing unemployment, the stagnant level of wellbeing, weak real FDI inflows, rising government debt, and the costs of defending the currency cloud the prospects to reverse this gloomy trend. The root causes of the current economic situation arise from the inefficient, unclear, corruption-prone and state-linked monopoly-friendly environment. The EU and Poland should therefore use this opportunity to enhance the scale of cooperation with the Ukrainian authorities, sharing experiences and best practices. It also should become involved in encouraging the Ukrainian government to move forward with long-term economic reforms.
2014-02-12, Patryk Toporowski, no. 18 (613)