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OECD bolsters relationship with Ukraine

The 34-member countries of the Organisation for Economic Co-operation and Development welcomed a Memorandum of Understanding between the OECD and Ukraine which will help Ukraine’s efforts to tackle corruption, strengthen its tax system and promote competitiveness.




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Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to the international standard of automatic exchange of financial account information to tackle tax evasion and avoidance

The OECD and the Global Forum on Transparency and Exchange of Information for Tax Purposes announced today that Bahrain, Lebanon, Nauru, Panama and Vanuatu have now committed to share financial account information automatically with other countries.




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Macau (China), Mauritius and Ukraine join the Inclusive Framework on BEPS

Following the first meeting of the Inclusive Framework on BEPS in Japan, on 30 June-1 July, and recent regional meetings, more countries and jurisdictions are joining the framework. The Inclusive Framework on BEPS welcomed Macau (China), Mauritius and Ukraine bringing to 90 the total number of countries and jurisdictions participating on an equal footing in the Project.




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Raising revenues through carbon pricing can help improve energy affordability

This report uses household level data covering 20 OECD countries to analyse energy affordability at current energy prices and explores how these indicators change in response to a simulated energy tax reform. The report finds that higher energy prices, needed to cut harmful carbon emissions and air pollution, can also help achieve social policy objectives.




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Bahrain expands its capacity to fight international tax avoidance and evasion

Today, at the OECD Headquarters in Paris, H.E. Sheikh Ahmed bin Mohammed Al Khalifa, Minister of Finance of Bahrain signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters and the CRS Multilateral Competent Authority Agreement‎ (CRS MCAA).




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Onsite-visit in Kiev to launch induction programme assisting Ukraine in the implementation of the new international tax standards

The visit launched a joint induction programme to assist Ukraine in the implementation of the new international standards, namely the BEPS package, and the standards for exchange of information on request and for the automatic exchange of financial account information (the “Common Reporting Standard”).




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Bahrain joins the Inclusive Framework on BEPS

Bahrain has become the 115th jurisdiction to join the Inclusive Framework on BEPS (“IF”). The IF was established in January 2016, after the G20 Leaders urged the timely implementation of the BEPS package released in October 2015 and called on the OECD to develop a more inclusive framework with the involvement of interested non-G20 countries and jurisdictions, including developing economies.




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Ukraine signs landmark agreement to strengthen its tax treaties

Today, Ukraine signed the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Convention). Ukraine becomes the 83rd jurisdiction to join the Convention, which will update the existing network of bilateral tax treaties to reduce opportunities for tax avoidance by multinational enterprises.




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Raising more public revenue in Indonesia in a growth- and equity-friendly way

Indonesia’s government needs more revenue to fund spending that can boost GDP growth, raise well-being and reduce poverty.




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Global Forum and Asian Development Bank delivered a training in Georgia on the implementation of the international tax transparency standards

The Global Forum and the Asian Development Bank held a joint training event on the Exchange of Information on Request Peer Reviews and Implementation of the Automatic Exchange of Information Standard from 17 January to 31 January 2020 in Tbilisi, Georgia.




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Canada Imports Ships, Locomotives, Railway Rolling Stock

Imports (Bop) - Ships, Locomotives, Railway Rolling Stock in Canada decreased to 117.90 CAD Million in March from 184.70 CAD Million in February of 2020. Imports (Bop) - Ships, Locomotives, Railway Rollin in Canada averaged 66.09 CAD Million from 1988 until 2020, reaching an all time high of 648.50 CAD Million in August of 2018 and a record low of 0.40 CAD Million in November of 1992. This page includes a chart with historical data for Canada Imports of (bop) - Ships, Locomotives, Railway Ro.




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Canada Imports Parts Of Railway Rolling Stock&Other Transport

Imports (Bop) - Parts Of Railway Rolling Stock&Other Transport in Canada increased to 100.60 CAD Million in March from 91.90 CAD Million in February of 2020. Imports (Bop) - Parts Of Railway Rolling Stock&Oth in Canada averaged 83.04 CAD Million from 1988 until 2020, reaching an all time high of 479.10 CAD Million in December of 2019 and a record low of 22.90 CAD Million in September of 1988. This page includes a chart with historical data for Canada Imports of (bop) - Parts of Railway Rolling Stock.




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Ukraine Weapons Sales

Weapons Sales in Ukraine decreased to 224 USD Million in 2018 from 293 USD Million in 2017. Weapons Sales in Ukraine averaged 443.19 USD Million from 1992 until 2018, reaching an all time high of 1498 USD Million in 2012 and a record low of 82 USD Million in 1993. Weapons Sales are presented as a Trend-Indicator Value based on the known unit production costs of a core set of weapons such as aircraft, air defence systems, anti-submarine warfare weapons, armoured vehicles, artillery, engines, missiles, sensors, satellites, ships and others. The indicator aims to represent the transfer value of military resources rather than the financial value of the transfer.




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Kazakhstan must sharpen its strategy and raise impact of its anti-corruption measures

Kazakhstan’s new anti-corruption strategy must be better defined, involving key stakeholders, with targeted actions and goals that address the key corruption challenges facing the country, says a new OECD report by the Istanbul Anti-Corruption Action Plan (IAP).




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Ukraine must enforce its new anti-corruption strategy and legislation

Widespread corruption was one of the main reasons that led to the change of the political regime in Ukraine in 2014. The new administration pledged to fight corruption, a challenging task in the current context of the economic crisis and military conflict in the East of the country.




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Workshop in Ukraine on responsible business conduct

The purpose of this workshop was to share information with the Ukrainian authorities about the obligations of governments under the OECD Declaration on International Investment and Multinational Enterprises related to the OECD Guidelines for Multinational Enterprises, one of four instruments of the Declaration.




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Ukraine must eliminate obstacles to effectively implement anti-corruption reforms

Ukraine has made considerable progress in the area of anti-corruption reform but faces significant challenges to implement some important tools for combating corruption, according to a recent OECD report.




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Ukraine signs OECD agreement to strengthen investment climate

27/03/2017 - Ukraine has become the 47th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. The Declaration commits Ukraine to provide an open and transparent environment for international investment and to encourage the positive contribution foreign investment can make to economic and social progress.




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Training on asset recovery for Ukraine's Asset Recovery and Management Agency

Kyiv, 24-27 July 2017: The OECD, within the framework of the OECD Anti-Corruption Project for Ukraine, and in cooperation with Ukraine's Asset Recovery and Management Agency (ARMA) and the Council of Europe (CoE), has conducted a four-day training for the first recruits of ARMA.




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Ukraine should boost anti-corruption reforms to meet the demands of citizens

Ukraine has achieved remarkable progress on anti-corruption reforms since the 2014 Revolution of Dignity. Despite these major achievements, there is a serious risk of backsliding on reforms, according to a new OECD report.




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Ukraine anti-corruption project

This project supports Ukraine in its fight against corruption with a view to to strengthening the country's legal and institutional capacity to effectively detect, investigate and prosecute high-profile and complex corruption.




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Healthcare improving too slowly to meet rising strain of chronic diseases

Too many lives are still lost in OECD countries because healthcare quality is improving too slowly to cope with ageing populations and the growing number of people with one or more chronic diseases, according to a new OECD report.




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Neurotechnology and society: Strengthening responsible innovation in brain science

This report identifies, and seeks to address, key challenges for the responsible development of neurotechnology. In particular, it analyses frameworks and mechanisms for integrating social concerns in the early development of technology, and discusses best practices for research funders across the public and private sector.




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Australia should improve the quality of vocational education and training to help young people into work

Australia should follow up on the reform of its vocational education system by improving quality control in the VET sector and step up career guidance for young people to boost young people’s job prospects and reduce the share of under-30-year-olds who are not in employment, education or training (NEETs), according to a new OECD report.




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Ukraine Competitiveness Index

Ukraine scored 56.99 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Ukraine averaged 16.02 Points from 2007 until 2019, reaching an all time high of 57.03 Points in 2018 and a record low of 3.90 Points in 2011. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Ukraine Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine Competitiveness Rank

Ukraine is the 85 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Ukraine averaged 79.69 from 2007 until 2019, reaching an all time high of 89 in 2011 and a record low of 69 in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Ukraine Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine Gold Reserves

Gold Reserves in Ukraine remained unchanged at 24.57 Tonnes in the fourth quarter of 2019 from 24.57 Tonnes in the third quarter of 2019. Gold Reserves in Ukraine averaged 25.03 Tonnes from 2000 until 2019, reaching an all time high of 42.61 Tonnes in the first quarter of 2014 and a record low of 13.40 Tonnes in the first quarter of 2000. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Ukraine Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ease of Doing Business in Ukraine

Ukraine is ranked 64 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Ukraine improved to 64 in 2019 from 71 in 2018. Ease of Doing Business in Ukraine averaged 108.33 from 2008 until 2019, reaching an all time high of 152 in 2011 and a record low of 64 in 2019. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Ukraine.




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Ukraine Current Account to GDP

Ukraine recorded a Current Account deficit of 3.60 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Ukraine averaged -1.08 percent from 1992 until 2018, reaching an all time high of 10.60 percent in 2004 and a record low of -8.70 percent in 2013. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Ukraine Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine Terrorism Index

Terrorism Index in Ukraine decreased to 5.55 in 2018 from 6.05 in 2017. Terrorism Index in Ukraine averaged 3.06 from 2002 until 2018, reaching an all time high of 7.20 in 2014 and a record low of 0.15 in 2007. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).




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Ukraine Housing Index YoY

Housing Index in Ukraine increased to 7.90 percent in the fourth quarter of 2019 from 6.40 percent in the third quarter of 2019. Housing Index in Ukraine averaged 5.58 percent from 2017 until 2019, reaching an all time high of 7.90 percent in the fourth quarter of 2019 and a record low of 2.20 percent in the first quarter of 2017. In Ukraine, Housing Index is measured by the annual change in the House Prices Index of New Housing. This page provides - Ukraine Housing Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine Corruption Rank

Ukraine is the 126 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Ukraine averaged 117.45 from 1998 until 2019, reaching an all time high of 152 in 2011 and a record low of 69 in 1998. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Ukraine Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine Sales Tax Rate - VAT

The Sales Tax Rate in Ukraine stands at 20 percent. In Ukraine, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Ukraine. This page provides - Ukraine Sales Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine GDP

The Gross Domestic Product (GDP) in Ukraine was worth 140 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Ukraine represents 0.12 percent of the world economy. GDP in Ukraine averaged 91.15 USD Billion from 1987 until 2019, reaching an all time high of 183.31 USD Billion in 2013 and a record low of 31.26 USD Billion in 2000. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Ukraine GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Ukraine expanded 1.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Ukraine averaged 2.64 percent from 2000 until 2019, reaching an all time high of 14.30 percent in the third quarter of 2004 and a record low of -19.60 percent in the first quarter of 2009. On the production side, services are the biggest sector of Ukrainian economy and account for nearly 68 percent of total GDP, of which the most important are; domestic trade (14 percent) and accommodation and food service (13 percent). Industry accounts for 22 percent of GDP and is divided by manufacturing (11 percent); and agriculture (10 percent). This page provides - Ukraine GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine Unemployment Rate

Unemployment Rate in Ukraine increased to 8.70 percent in the fourth quarter of 2019 from 7.30 percent in the third quarter of 2019. Unemployment Rate in Ukraine averaged 8.55 percent from 2003 until 2019, reaching an all time high of 10.60 percent in the fourth quarter of 2014 and a record low of 6.30 percent in the third quarter of 2013. In Ukraine, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Ukraine Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine Employment Rate

Employment Rate in Ukraine decreased to 67.60 percent in the fourth quarter of 2019 from 69 percent in the third quarter of 2019. Employment Rate in Ukraine averaged 65.75 percent from 2005 until 2019, reaching an all time high of 69 percent in the third quarter of 2019 and a record low of 63.30 percent in the first quarter of 2017. In Ukraine, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Ukraine Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine ICU Beds

ICU Beds in Ukraine averaged 863.93 per 100K people from 1980 until 2014, reaching an all time high of 1065.73 per 100K people in December of 1991 and a record low of 613.31 per 100K people in December of 2014. This page includes a chart with historical data for Ukraine ICU Beds.




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Ukraine Food Inflation

Cost of food in Ukraine increased 1.80 percent in March of 2020 over the same month in the previous year. Food Inflation in Ukraine averaged 12.96 percent from 2007 until 2020, reaching an all time high of 53.70 percent in April of 2015 and a record low of -5 percent in June of 2012. This page provides the latest reported value for - Ukraine Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Ukraine Banks Balance Sheet

Banks Balance Sheet in Ukraine decreased to 2031565 UAH Million in February from 2033281 UAH Million in January of 2020. Banks Balance Sheet in Ukraine averaged 1342014.65 UAH Million from 2007 until 2020, reaching an all time high of 2033281 UAH Million in January of 2020 and a record low of 374153.94 UAH Million in February of 2007. This page provides - Ukraine Banks Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine Government Budget Value

Ukraine recorded a government budget surplus of 32732.72 UAH Million in March of 2020. Government Budget Value in Ukraine averaged -3534.40 UAH Million from 2002 until 2020, reaching an all time high of 78049.51 UAH Million in December of 2019 and a record low of -72030.46 UAH Million in December of 2014. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Ukraine Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine - Credit Rating

Standard & Poor's credit rating for Ukraine stands at B with stable outlook. Moody's credit rating for Ukraine was last set at Caa1 with positive outlook. Fitch's credit rating for Ukraine was last reported at B with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Ukraine thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Ukraine as reported by major credit rating agencies.




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Ukraine Coronavirus Cases

Ukraine recorded 14710 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Ukraine reported 361 Coronavirus Deaths. This page includes a chart with historical data for Ukraine Coronavirus Cases.




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Ukraine Coronavirus Deaths

Ukraine recorded 376 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Ukraine reported 14710 Coronavirus Cases. This page includes a chart with historical data for Ukraine Coronavirus Deaths.




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Ukraine Coronavirus Recovered

Ukraine recorded 2909 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Ukraine reported 376 Coronavirus Deaths. This page includes a chart with historical data for Ukraine Coronavirus Recovered.




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Ukraine CPI Transportation

The transportation sub-index of the CPI basket in Ukraine increased to 101.40 points in March of 2020 from 100 points in February of 2020. CPI Transportation in Ukraine averaged 100.98 points from 2007 until 2020, reaching an all time high of 113.90 points in February of 2015 and a record low of 94.20 points in April of 2015. This page provides - Ukraine Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Ukraine Employed Persons

The number of employed persons in Ukraine decreased to 15894.90 Thousand in the fourth quarter of 2019 from 16209.80 Thousand in the third quarter of 2019. Employed Persons in Ukraine averaged 17645.24 Thousand from 2005 until 2019, reaching an all time high of 19465.90 Thousand in the third quarter of 2008 and a record low of 15226.10 Thousand in the first quarter of 2017. This page provides - Ukraine Employed Persons- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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OECD report on vocational training in Austria calls for continued diversity and increased co-ordination

There are few OECD countries where vocational education and training (VET) is held in such high regard or takes so many forms as in Austria. Some 60 percent of young Austrians aged between 25 and 34 have completed a VET course below tertiary level (vocational school or technical college).




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Ukraine Government Debt

Government Debt in Ukraine increased to 856834047.09 UAH Thousand in March from 814644684.87 UAH Thousand in February of 2020. Government Debt in Ukraine averaged 266211105.04 UAH Thousand from 1999 until 2020, reaching an all time high of 856834047.09 UAH Thousand in March of 2020 and a record low of 14428105.68 UAH Thousand in December of 1999. This page provides - Ukraine Government Debt- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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SMEs and entrepreneurs need to diversify their funding amid continued credit constraints

Small and medium-sized enterprises (SMEs) are fundamental for inclusive growth and jobs, but they need to broaden their sources of finance in order to reduce their vulnerability to volatile credit market developments, according to two new OECD reports.