Oligarchs have captured the Ukrainian state. However, they are more a symptom than the cause of the country’s crisis. That is why successful de-oligarchisation would not bring real progress, but only give rise to a new generation of oligarchs. What is needed instead is a political culture of transparency and accountability.
The first and foremost priority of the National Bank of Ukraine (NBU) is to keep inflation low. This is stated in the law, and in the principles of the monetary policy for 2017-2020 proposed by the NBU Board, and recently approved by the NBU Council. The goal for 2017 is set at 8+-2%. Will the public accept this goal?
The government is headed for the privatization of Ukrspyrt, and hopes that this move will help solve the worst problems in the ethanol industry, such as the large black market. In addition, the privatization of the ethanol monopoly should bring additional 200-400 million USD to the government’s budget. The author researches whether the government actions are able to solve the problems of the industry, and what the true value of the ethanol monopoly Ukrspyrt is.
Medium-sized and large agricultural producers operate 15.5 mln ha of rented agricultural land plots, which accounts for 36% of all agricultural land in Ukraine. A land plot requires special accounting within an operating organization and registration with authorities. This creates additional administrative expenses. What are they? Can they be decreased? Full text is available in Ukrainian and Russian.
VoxUkraine is an independent and nonpartisan analytical platform founded and managed by a group of highly qualified economists and lawyers based in Ukraine and abroad. In almost three years, VoxUkraine has completed more than 20 significant studies, published about 700 articles and organized tens of educational activities. What do they have in common?
VoxUkraine’s work is grounded in the principles of objectivity, independence and transparency. What does it mean in practice?
Official Statement of the Editorial Board of VoxUkraine on the Appointment of Tymofiy Mylovanov to the position of Deputy Chairman of the Board of the National Bank of Ukraine
On 25 October 2016, the Board of the National Bank of Ukraine held its first meeting.
The Chairman and the Deputy Chairman of the NBU were elected at the meeting. Tymofiy Mylovanov, the Honorary President of Kyiv School of Economics, Professor at the University of Pittsburgh, VoxUkraine co-founder and member of the Editorial Board of VoxUkraine, was elected as Deputy Chairman.
Oleh Kulinich, a Ukrainian MP, is convinced that the introduction of a fully functioning land market will linger in limbo for the next few years. Opening the market could hit approval rankings of some political forces on the eve of parliamentary elections. He believes that it would be best to launch the land market gradually, in the way that is currently considered by the Ministry of Agriculture. Full text is available in Ukrainian and Russian.
Following the transition of public procurement in Ukraine to a digital platform, the role of a civil servant can be decreased (through the implementation of an automated system of real estate exchange). However, it is probably impossible to completely exclude the influence of bureaucrats on land sales. What are the conditions for the success of this reform?
The Heads of Ukrainian universities are in despair. The college professor assembly line has nearly grinded to a halt. Since the beginning of 2016, only 21 people received the title of professor or assistant professor, compared to more than five thousand last year. What keeps thousands of the most educated Ukrainians from becoming professors, and what can be changed? Does the problem lie within the academics themselves, or the system?