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Why care about Ukraine and the Budapest Memorandum

Since 2014, when Russia annexed Crimea from Ukraine, the United States has provided Ukraine with $3 billion in reform and military assistance and $3 billion in loan guarantees. U.S. troops in western Ukraine train their Ukrainian colleagues. Washington, in concert with the European Union, has taken steps to isolate Moscow politically and imposed a series of economic…

       




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Ukraine: Facing Critical Challenges


Event Information

September 28, 2012
10:00 AM - 11:30 AM EDT

Falk Auditorium
Brookings Institution
1775 Massachusetts Avenue NW
Washington, DC 20036

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Ukraine faces critical challenges on a range of questions: shaping foreign and national security policies appropriate for a medium-sized country located between Europe and Russia; developing a strategy and policies to promote energy security and contribute to sustainable economic growth; and designing educational and cultural policies suitable for advancing the country’s European aspirations and its own national identity. The Ukraine 2020 Policy Dialogue—an initiative of the U.S.-Ukraine Foundation supported by the Democracy Grants Program of the U.S. Embassy in Kyiv—convened four U.S.-Ukrainian task forces earlier this year to discuss these questions and develop policy recommendations for the Ukrainian and U.S. governments.

On September 28, the Center on the United States and Europe at Brookings (CUSE) hosted a discussion of the recommendations developed by the Policy Dialogue. Panelists included four co-chairs of the Dialogue’s working groups: Edward Chow of the Center for Strategic and International Studies; William Miller of the Woodrow Wilson International Center for Scholars; Robert Nurick of the Atlantic Council; and Brookings Senior Fellow Steven Pifer. Brookings Nonresident Senior Fellow Angela Stent moderated the discussion. Copies of the Policy Dialogue recommendations were available. 

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Covid-19 pandemic: Fertile ground for corruption in Ukraine?

Ukraine locked down early and has a far lower rate of coronavirus infections than some countries in Western Europe, plus fewer than 400 deaths so far. Yet 20 percent of cases are among medical personnel – one of the worst rates in the world. By the health ministry's own admission, that's due to a severe shortage of protective equipment. The ministry says it's doing its best to correct the situation and buy the necessary protective suits and masks. Yet it has been reluctant to co-operate with the country's independent medical procurement agency, set up to prevent corruption in state purchases.




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Tax-News.com: Ukraine Mulling Tax Breaks For Intellectual Property Income

The Government of Ukraine has announced plans to introduce a special tax regime for certain intellectual property income.




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Drug Treatment to Combat Ukraine's HIV Epidemic

In Ukraine, the use of methadone and buprenorphine for treating opioid use disorder reduces HIV transmission rates and prevents deaths, revealed study led by Yale University researchers.




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Statement by the OECD regarding the status of the accession process with Russia & co-operation with Ukraine

Further to a meeting of its governing Council on 12 March 2014, the OECD has postponed activities related to the accession process of the Russian Federation to the OECD for the time being.




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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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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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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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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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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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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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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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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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Turkey Exports to Ukraine

Exports to Ukraine in Turkey increased to 186.33 USD Million in March from 166.37 USD Million in February of 2020. Exports to Ukraine in Turkey averaged 121.87 USD Million from 2014 until 2020, reaching an all time high of 307.36 USD Million in November of 2019 and a record low of 0 USD Million in April of 2014. This page includes a chart with historical data for Turkey Exports to Ukraine.




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Turkey Imports from Ukraine

Imports from Ukraine in Turkey decreased to 186.80 USD Million in March from 209.93 USD Million in February of 2020. Imports from Ukraine in Turkey averaged 247.26 USD Million from 2014 until 2020, reaching an all time high of 417.39 USD Million in May of 2014 and a record low of 145 USD Million in August of 2018. This page includes a chart with historical data for Turkey Imports from Ukraine.




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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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Ukraine Imports

Imports in Ukraine increased to 4519.30 USD Million in February from 4017.40 USD Million in January of 2020. Imports in Ukraine averaged 4285.81 USD Million from 2001 until 2020, reaching an all time high of 8822.90 USD Million in July of 2008 and a record low of 1025.20 USD Million in January of 2002. Ukraine imports mostly oil and natural gas, machinery and equipment, chemicals. Its main import partners are former Soviet Republics countries (Russia and Belarus are the biggest). Germany, China, and Poland have been also gaining importance in recent years. This page provides the latest reported value for - Ukraine Imports - 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 Core Inflation Rate

Core consumer prices in Ukraine increased 3 percent in February of 2020 over the same month in the previous year. Core Inflation Rate in Ukraine averaged 10.37 percent from 2010 until 2020, reaching an all time high of 47.10 percent in April of 2015 and a record low of 0 percent in February of 2014. In Ukraine, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides - Ukraine Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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OECD Territorial Reviews: Ukraine

This review addresses the territorial dimension of a range of policy challenges in the Ukraine, including Ukraine's productivity challenge, large inter-regional disparities, and need for decentralisation.




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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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OECD and Ukraine to step up co-operation on anti-corruption, rule of law and business environment

The OECD and Ukraine today signed an Action Plan for strengthening co-operation to help tackle corruption, improve public governance and the rule of law, boost investment and foster a dynamic business environment.