On April, 28 2021, the Friedrich-Ebert Foundation (FES) Ukraine together with the NGO „Donbas Gates“ hosted a digital event on the economic development of the Donbass region which was moderated by Marcel Röthig, Resident Representative of FES Ukraine and Alvydas Medalinskas, Political Analyst, Mykolas Romeris University Vilnius and Deputy Chairman of NGO “Donbas Gates” (Mariupol).(more…)
On April, 28, 2021, the German Economic Team together with the Institute for Economic Research and Policy Consulting in Kyiv (IER) and in cooperation with the German-Ukrainian Chamber for Commerce and Industry (AHK Ukraine), the German Eastern Business Association (OA), the European Business Association (EBA), the Ukrainian Chamber of Commerce and Industry and the International Council of Business Associations and Chambers in Ukraine organised a public event on the economic implications of the forthcoming ACAA (Agreement on Conformity Assessment and Acceptance of Industrial Products) between the EU and Ukraine.(more…)
On April, 14 2021, the German-Ukrainian Chamber of Industry and Commerce (AHK Ukraine) hosted a digital meeting of the Legal and HR Committee, moderated by Alexander Markus, CEO of the AHK Ukraine. During the session, Mr David Saha, Consultant of the German Economic Team, presented the results of two studies focussing on firstly the labour market flexibility in Ukraine and secondly international experience of labour market instruments used to deal with the crisis.
Thereafter, Mr Saha and Mr Alexander Ließem, Consultant of the German Economic Team, discussed with almost 20 participating German and international Legal and HR experts opportunities to reform the Ukraine’s Labour Code and the establishment of a short-time work scheme for Ukraine during economic crises.
On March, 25 2021, the German-Ukrainian Chamber of Industry and Commerce (AHK Ukraine) hosted a digital meeting of the Banking and Financial Services Committee, moderated by Bernd Wurth, Head of the Committee and CEO of Deutsche Bank DBU JSC. During the session, Robert Kirchner, Deputy Team Leader and Garry Poluschkin, Project Manager Ukraine of the German Economic Team presented the economic outlook for Ukraine for 2021 and challenges for monetary policy.(more…)
On March, 10, 2021, the German Economic Team together with the Institute for Economic Research and Policy Consulting in Kyiv, organised an online press-conference on our joint economic forecast for Ukraine for 2021 via Ukrinform, moderated by Veronika Movchan, Academic Director of the institute. After an introduction by Garry Poluschkin, Project Manager Ukraine, Vitaliy Kravchuk, Senior Research Fellow of the Institute for Economic Research and Policy Consulting presented our growth forecast, which we see at 4.3%. Besides, our forecast of fixed capital accumulation of 8.9% growth and inflation of 5.9% at the end of 2021 were discussed in the Q&A round with the more than 40 press members.(more…)
On March 3rd, 2021 the German-Ukrainian Chamber of Commerce and Industry (AHK Ukraine), hosted an online-business round table on Germany’s and Ukraine’s economic outlook for 2021. The event was jointly organised with DIHK and the German Economic Team.(more…)
On February 24th, the German Economic Team and the Center for Economic Strategy, Kyiv, jointly organised an online-event on the implications of the Covid-19 crisis on labour market flexibility.(more…)
On February 9th, the German Economic Team discussed the Economic Monitor Ukraine during a webinar with more than 40 representatives of EU institutions, e.g. the European External Action Service, the European Commission, the EU Delegation to Ukraine, as well as Embassies from different EU Member States in Ukraine.(more…)
On 21 December, the Ukrainian think tank Centre for Economic Strategy (CES) organised an online event on the conditions and process of preparing economic forecasts in the state budget policy.(more…)
On October 18th, 2020, the German Economic Team took part in an advanced training seminar for high-level Ukrainian officials from the Ministries of Infrastructure, Economic Development and Digital Transformation organised by GIZ and the Federal Ministry for Economic Affairs and Energy. The event, which was carried out in the form of a webinar, was moderated by Dr. Erik Malchow, an expert in intercultural communications, on behalf of GIZ.(more…)
As part of IEP
–Breakfast Debate Series, the Institut für Europäische Politik Berlin (IEP) and the European Investment Bank (EIB) in Kyiv organised an online event on the consequences of COVID-19 for the Ukrainian economy. In total, 26 participants attended the online session. After the introductory remarks by Dr. Katrin Böttger, Director at IEP Berlin, Ljudmyla Melnyk, IEP Research Associate, handed over to the speakers.
Together with the Centre for Economic Strategy and the Institute for Economic Research and Policy Consulting, the German Economic Team organised a webinar on the Ukrainian banking sector, moderated by Maria Repko, Deputy Director of the Centre for Economic Strategy. After an introduction by Robert Kirchner, Deputy Team Leader of the German Economic Team and the keynot speech by Kataryna Rozhkova, First Vice-Governor of the National Bank of Ukraine, Vitaliy Kravchuk, Senior Research Fellow of the Institute for Economic Research and Policy Consulting and Garry Poluschkin, Project Manager Ukraine, presented the current Banking Sector Monitor, which focuses on the current situation, the economic impact of the COVID-19 pandemic and new regulatory frameworks.(more…)
The German-Ukrainian Chamber of Industry and Commerce invited to the digital presentation of the economic outlook for Ukraine. The current macroeconomic situation, the economic impact of the COVID-19 pandemic and the support by international financial institutions were discussed by Peter Ziegler, Head of the Economic Department of the German Embassy in Kyiv, Robert Kirchner, Deputy Team Leader of the German Economic Team and Garry Poluschkin, Project Manager for Ukraine of the German Economic Team.(more…)
Financed by the Federal Ministry for Economic Affairs and Energy, the Kyiv School of Energy Policy and the German Economic Team organised an online-training on “EU Energy Law and Regulation” for Ukrainian decision makers.(more…)
David Saha, Consultant of the German Economic Team, spoke about the economic importance of the Sea of Azov for Ukraine on Friday, July 17 in the online-discussion “Ukraine and the Sea of Azov: Economic bottleneck, security hot spot, ecological problem area and object of dispute under international law”, hosted by the Representation of the Friedrich Ebert Foundation in Ukraine and the NGO “Donbas Gates” (Ukraine).(more…)
Webinar on May 15th
On May 15th, Dr. Ricardo Giucci, Team Leader and Robert Kirchner, Deputy Team Leader of the German Economic Team (GET) participated in the online event on “Measures of the German Federal Government to support business during the Corona crisis”. The webinar was organised by the Centre for Economic Strategy (CES). In his study, which was prepared together with Woldemar Walter, Consultant in the German Economic Team, Dr. Giucci and Mr. Kirchner presented the German measures to support companies and freelancers and underlined that such a policy would enable a quick recovery of the economy. Hlib Vyshlinsky, Executive Director of CES, presented the Ukrainian measures.(more…)
On May 13, Robert Kirchner, Deputy Team Leader, David Saha, Consultant and Garry Poluschkin, Project Manager for Ukraine in the German Economic Team (GET), together with Veronika Movchan and Vitaliy Kravchuk from the Institute for Economic Research and Policy Consulting (IER) presented their jointly prepared study at an online event on the topic “Economic Impact of the Covid-19 pandemic on Ukraine”. The event was organized and moderated by the Kyiv School of Economics.(more…)
On April 1, David Saha, consultant in the German Economic Team (GET), gave a presentation at online event on the topic “Economic impact of the Corona pandemic for Ukraine”. The event was organized by the think tank “LibMod – Zentrum für Liberale Moderne” and moderated by Mattia Nelles, initiator of “Understanding Ukraine”. The other speakers were Tymofiy Mylovanov, former Ukrainian Minister for Economic Development, Trade and Agriculture and Valerij Pekar, entrepreneur and co-founder of the civil platform The New Country.(more…)
The German Economic Team (GET) and the Ukrainian NGO DiXi jointly conducted a three-day workshop on EU energy market regulation policy. Although the workshop could not take place in Kyiv as planned due to travel restrictions, all participants were invited via video conference. Energy experts and lecturers from the European University Institute of Florence, School of Regulation gave presentations.(more…)
Interview by Deutsche Welle, published on 18.03.2020 on dw.com/uk
Ukraine loses access to international capital markets as a result of the Corona crisis
The Covid 19 pandemic has cut off Ukraine from the capital markets, says David Saha, an expert from the German Economic Team, in a conversation with DW. He advises to meet the IMF’s demands, which are painful for the oligarch Igor Kolomoisky. The German Economic Team in Berlin has been advising the Ukrainian government on economic reforms and macroeconomic stability for many years. In an interview with DW, expert David Saha shared his view on the risks for the Ukrainian economy due to the Covid 19 pandemic.(more…)
David Saha, Consultant at the German Economic Team (GET), presented the current economic outlook for Ukraine at the Business Stammtisch of the German Embassy on 4th of February. The main topic of the event was on the macroeconomic situation, the strong appreciation of the hryvnia in 2019 and the remaining challenges, such as the completion of the IMF programme. The event was moderated by Andreas Otto, First Secretary in the Economic Department of the German Embassy.(more…)
At a round table in Kiev on 12 December Robert Kirchner, Deputy Team Leader of the German Advisory Group Ukraine, and David Saha, Consultant, presented the updated study on “Unlocking investment through reforms: Proposals from German business in Ukraine”. The event was part of a round table organized in cooperation with the German-Ukrainian Chamber of Industry and Commerce (AHK). Yulia Svyrydenko, Vice Minister in the Ukrainian Ministry of Economics, who among others participated in the event, was very interested in the results of the study.(more…)
On November 13, 2019, a round table on “Labor Migration from Ukraine” took place in Kyiv at the Kyiv School of Economics, jointly organized by Yuliia Mincheva, VoxConnector Editor of Vox Ukraine and the German Advisory Group. In an informal setting, around 20 representatives from think tanks, government agencies and the media met to discuss the issue of labour miration.(more…)
Ukraine returns to growth after the severe economic crisis of 2014/15. To sustainably increase economic growth, reforms and investments are urgently needed. This is the conclusion of a study by the German Advisory Group Ukraine in cooperation with the German-Ukrainian Chamber of Commerce and Industry (“AHK Ukraine”) released in September 2018.(more…)
On August 29, the German Advisory Group and the Reforms Delivery Office, an advisory body to the Cabinet of Ministers, hosted a joint seminar on the topic: ” Industry 4.0 – Overview and Policy Implications”.
Dr. Philip Steden introduced the specialized audience to the basic features and components of Industry 4.0 – the so called forth industrial revolution – and illustrated possible fields of application and advantages of Industry 4.0 technologies with examples from Germany.(more…)
The German Advisory Group Ukraine hosts a biannual event to report about current economic policy topics in our advisory work.
The event took place on July 4th in the Federal Ministry for Economic Affairs and Energy. Using this format we aim to provide an opportunity for representatives of German institutions to get background information about current economic developments.(more…)
Workshop held by Centre for Economic Strategy and German Advisory Group on Central Bank Communication
On April 18 the Centre for Economic Strategy and experts from the German Advisory Group conducted a workshop on central bank communication as a tool for shaping market participants‘ expectations. The event was opened by Ms. Yildiz Götze, head of the department at the Federal Ministry for Economic Affairs and Energy, who acknowledged the significant progress of the recent years‘ reforms in the Ukrainian financial sector.(more…)
On March 20, 2018 the conference “Financing opportunities in Ukraine – Quo Vadis?” took place in Berlin. The event was organised by the German-Ukrainian Forum in cooperation with the German Advisory Group Ukraine, the Deutsche Gesellschaft für Internationale Zusammenarbeit, the German-Ukrainian Chamber of Commerce and the Embassy of Ukraine in Germany.(more…)
The German Advisory Group Ukraine, in cooperation with the Institute for Economic Research and Policy Consulting and Otten Consulting gave a press conference at Interfax, Kiev on Thursday, February 1st 2018. Topic of the press conference was the planned reform of corporate taxation in Ukraine.Findings from joint analysis about the economic and fiscal effects of the proposed new corporate tax – the “Tax on Withdrawn Capital” – in comparison with the present corporate tax were presented, as well as recommendations on policy measures to accompany the tax reform if it goes ahead. Speakers from the German Advisory Group Ukraine were Robert Kirchner, Project Manager, David Saha, lead author of the key papers on corporate tax reform and Thomas Otten, also owner of our cooperation partner Otten Consulting. We were joined by Oleksandra Betliy, Leading Research Fellow at the Institute for Economic Research and Policy Consulting. The audience consisted of a group of around 15 journalists.(more…)
The Governor of the National Bank of Ukraine, Valerija Gontareva, participated in a roundtable discussion on March 29th with representatives of german business and politics in the headquarters of the German Council on Foreign Relations (DGAP).Ms Gontareva, who was invited to Berlin by the Director of the German Advisory Group Ukraine, Mr. Robert Kirchner and by the CEO of Berlin Economics, Dr Ricardo Giucci, shared her views on the reform of the banking sector in Ukraine with German stakeholders.(more…)
On January 30th 2017 the Ukrainian Minister for Energy and Coal Mining Nasalyk met the German Advisory Group (represented by our energy expert Georg Zachmann) and representatives of the Ukrainian NGO DiXi-Group to discuss the development of gas trading in Ukraine. Georg Zachmann presented a report prepared upon the request of the Ministry. The report outlines four challenges to develop a functioning gas wholesale market:(more…)
On 23 January 2017 the six-monthly information meeting about high-level government consultation in Ukraine, Belarus, Moldova and Georgia was held at the Federal Ministry for Economy and Energy (BMWi). Representatives of the BMWi, the Ministry of Foreign Affairs, the Ministry of Food and Agriculture, the Federal Ministry of Finance, the Federal Ministry for Economic Cooperation and Development, the German Parliament, the Reconstruction Credit Institute and members of foundations, associations and other expert organizations attended the event.(more…)
On 20 January 2017 Robert Kirchner, Vice Project Leader of the German Advisory Group Ukraine, took part in the panel discussion “Sustainable growth – success factors and strategic options for the agricultural sector in Ukraine”, which was held in the framework of the 9th Global Forum for Food and Agriculture (GFFA) at the “Green Week” in Berlin. The GFFA is organized by the Ministry for Food and Agriculture (BMEL) in cooperation with the GFFA Berlin e.V., the Senate of Berlin and the Messe Berlin GmbH.(more…)
On 15 December 2016 Ricardo Giucci, Leader of the German Advisory Group Ukraine, held a presentation about the economic situation in Ukraine to representatives of the German Bundestag. Among them were Karl-Georg Wellmann, Chairman of the German-Ukrainian Parliamentary Group, Norbert Spinrath and Susanna Karawanskij, both Vice Chairmen of the Parliamentary Group.(more…)
On the occasion of the monthly meeting of German business representatives in Kiev on 6 December 2016, the German Advisory Group Ukraine presented results of its latest analyses concerning Ukraine. First, Ricardo Giucci, Leader of the German Advisory Group Ukraine, held a presentation on the topic “The current situation of the Ukrainian economy at the end of 2016 and an outlook on 2017”. Referring to important macroeconomic indicators he pointed out that the situation is stabilising: GDP increased slightly this year and also investment went up significantly in the first half of 2016. The inflation rate went down to a single-digit number. Increasing imports are an indicator of the economic recovery and exports decrease mainly due to low commodity prices and the limited access to the Russian market.(more…)
On October 11 the newly opened German-Ukrainian Chamber of Commerce organized the 2nd German-Ukrainian Forum of Trade “Potential – Reforms – Cooperation”. Robert Kirchner presented his assessment of the industrial development of the country in one of the panels. During other panels current possibilities of cooperation with Ukraine in the fields of infrastructure, innovations, energy efficiency and agriculture were discussed.(more…)
On September 29 during the meeting of Working Group Ukraine of Committee on Eastern European Economic Relations Dr. Ricardo Giucci, Team leader of German Advisory Group, gave an evaluating lecture on the current economic developments in Ukraine with particular focus on local companies.(more…)
On 08.09. the conference „Economic Stabilization and Combatting Corruption in Ukraine“, which had been organized by Kiev Dialogue in cooperation with the European Commission in Germany and the German Advisory Group Ukraine, took place in Berlin.(more…)
On 18.08.2016 Robert Kirchner participated in the discussion about the topic “Refugees in Ukraine, Refugees in Europe – Common Perspectives in the Refugee Crisis”, which had been organized by the European Academy in Berlin. The event was dedicated to the following questions: Which challenges do the events in Ukraine pose to the European Union? And how can we cooperate to overcome these?(more…)
The information session on governement consultancy in Ukraine, Belarus, Moldova and Georgia takes place twice a year in the Federal Ministry of Economic Affairs and Energy (BMWi).(more…)
Twice a year, the consultants of the German Advisory Group Ukraine host an information session on their work in Ukraine and give insight to their assessments of the recent macroeconomic developments.(more…)
Speech at the 5th politico-economic talks of the Ostinstitut Wismar
The 5th politico-economic talks of the Ostinstitut Wismar on the topic “Investment and investment protection in Russia and Ukraine” took place on July 3rd at the German Council on Foreign Relations (DGAP). Dr. Ricardo Giucci, head of the German Advisory Group Ukraine presented an overview of the economic state of Ukraine and the development of Russo-Ukrainian economic relations.(more…)
The information session on governement consultancy in Ukraine, Belarus, Georgia and Moldova takes place twice a year in the Federal Ministry of Economic Affairs and Energy (BMWi). The specialist public consists of experts from various state institutions, non-governmental organisations, think tanks and business associations.(more…)
“Economic reforms aimed at external stabilization. A progress assessment”
For the third year in succession, east forum Berlin was devoted to the opportunities and challenges for a common economic space from Lisbon to Vladivostok. 350 opinion leaders from the political and business worlds of 25 countries discussed a future design of political and economic European integration.(more…)
On March 05, Ricardo Giucci and David Saha from the German Advisory Group met with Victor Galasyuk, Chairman of the Committee on Industrial Policy and Entrepreneurship. Topics for discussion were the current industrial policy and promotion of economic development in Ukraine.(more…)
“The Deep and Comprehensive Free Trade Agreement: Opportunities and Challenges”
The tenth annual conference of “Kiev Dialogue” was on the topic of “Ukraine in times of existential crisis: Ways to political and economic renewal”. Ca. 200 civil society activists, politicians, journalists and scientists were invited to the two day conference. Their aim was to discuss the current situation in Ukraine and think through possible scenarios for its future.(more…)
The biannual information session in the Federal Ministry of Economic Affairs and Energy (BMWi) on government consultancy in the countries Ukraine, Belarus, Moldova and Georgia was again very well attended.
The Berlin Economics’ experts first gave presentations on the economic situation in Ukraine, the situation in the east of the country as well as to the specific sectors of machine building and gas.(more…)
On September 24th, the experts of the German Advisory Group and the Institute for Economic Research (IER) Kyiv held a press conference on the topic: “Can Ukraine secure enough gas for the winter?”(more…)
On June 17, Dr. Ricardo Giucci presented the German Advisory Group’s assessment of Ukraine’s regional and sectoral exposure to the Russian market in the German Embassy in Kyiv.(more…)
April 16th, Ricardo Giucci of the German Advisory Group Ukraine presented facts on the topic: “Ukraine between East and West: Perspectives for free trade with both sides”Politicians and mass media from all sides successfully created a wrong image in the public perception during the last month, namely that Ukraine had to face an “either-or” decision between the two trading blocs Customs Union and European Union.(more…)
About 300 business representatives and politicians from 20 countries participated in the 2. east forum Berlin, which took place under the topic “Opportunities for an economic area from Lisbon to Vladivostok” again.In his opening speech the Federal Foreign Minister Steinmeier referred to a common economic area between Lisbon and Vladivostok as still the right objective, yet during the last weeks it receded into dim distance.Berlin Economics‘ Ricardo Giucci contributed to a sound discussion with his presentation of his analysis “Eastern Partnership countries between East and West: Perspectives and challenges”. There are not two, but three groups of countries between Lisbon and Vladivostok, said Giucci: The European Union, which forms the first trading bloc, the Customs Union between Russia, Belarus and Kazakhstan, which forms the second trading bloc. And in between there are further states that do not belong to one of the trading blocs. In particular this is about five states of the Eastern Partnership (EP): Ukraine, Moldova, Georgia, Armenia and Azerbaijan, for whom free trade with both trading blocs would be the economic best option.(more…)
Ukraine faces the most serious crisis in years, which is further exacerbated by ongoing civil unrest. What can be done to solve the enormous economic problems, and what implies financial help from outside for Ukraine?(more…)
This year’s information session on government consultancy at the Federal Ministry for Economic Affairs and Energy was very well attended.
The Berlin Economics experts held short speeches on the macroeconomic situation in the countries and their characteristics and challenges.
The topics trade, DCFTA and Energy were intensely discussed due to the current situation in Ukraine. Furthermore, the Economic Reform Agenda for Ukraine suggested by the Experts was presented. After the Experts’ speeches the guests used their opportunity to ask questions or contribute with comments to the discussion.
Among the guests were Members of the Parliament (Bundestag), the Federal Ministry for Economic Affairs and Energy, the Federal Ministry of Finance, the Federal Foreign Office, the GIZ, business associations and NGOs.
Ukraine currently faces major economic challenges, as the economy itself is stagnant and needs reforms. When the German Advisory Group met with Deputy Minister for Economic Development and Trade Anatoliy Maksiuta, a necessary reform agenda for Ukraine was discussed.(more…)
The main focus at the meeting was made on discussing the economic reforms of the new Government of Ukraine in light of the financial and economic situation and the present challenges for the national security of Ukraine, in particular in the context of the relations with the Russian Federation.(more…)
It must be realized that the current macroeconomic crisis is due to the economic policy within the last 3 years and not the recent protests, Dr. Ricardo Giucci stated during the lunchtalk at Bruegel’s in Brussels.(more…)
Berlin Economics participated as an institutional partner at the 23rd Economic Forum held in Krynica-Zdrój, Poland, which took place between the 3rd and 5th of September.The Economic Forum, which has long established itself as the most important gathering for representatives from politics, business and non-governmental organisations in Central and Eastern Europe, had this year the motto “Towards a new deal”.(more…)
On August 30, 2013, the leader of the German Advisory Group in Ukraine, Dr. Giucci, held a meeting with Ukrainian First Deputy Minister for Economic Development and Trade, Anatoliy Maksiuta, in Kyiv. The meeting focused on economic and trade issues, especially the current problems of Ukrainian exporters on the Russian market. Dr. Giucci made several proposals aimed at easing the tension in trade between the two countries.(more…)
On March 15, 2013, the Information Session on the government advisory in Ukraine, Belarus, and Moldova took place.At the well-attended event representatives of the following institutions were taking active part: Federal Ministry of Economic and Technology ( BMWi), Federal Chancellery, Federal Foreign Office, Federal Ministry for the Environment, Nature Conservation and Nuclear Safety, Federal Ministry of Food, Agriculture and Consumer Protection, German Bundestag, GIZ as well as other related foundations, associations and organizations. The experts of Berlin Economics held short presentations on the economic situation in the countries, SME sector in Belarus and the state of the Free Trade Agreement (DCFTA) between the EU and Ukraine, and Moldova respectively. Their expertise as well as continuous analysis of the political and economic development processes in those three countries brought a deep insight to the governmental actions. During the discussion round a lot of questions on this matter have been raised and answered.(more…)
On 19 March, 2013, Robert Kirchner held a presentation “Belarus and Ukraine – worth a look.In spite of everything!” The discussion rounds, involving about 30 participants, have followed after the presentation. The main topic was Ukrainian future: Which direction should Ukraine choose – EU or Russia? After the discussion, the Entrepreneurs’ talks have started, where such countries as Russia, Poland, Romania, Belarus and Ukraine were brought into play.(more…)
On August 30, 2012, the European Business Association held a roundtable discussion dedicated to the prospects of economic crisis in Europe and readiness of Ukraine to face its aftershocks. The event brought together more than 200 business people. Dr Ricardo Giucci, Leader of the German Advisory Group on Economic Reforms in Ukraine and Managing Director of Berlin Economics, made a general overview of Eurozone’s crisis roots, unfolding its essential components – public debt crisis, banking crisis and growth crisis. He particularly noticed that the links between these constituents are particularly important for Ukraine.(more…)
On July 11, 2012, the experts of Berlin Economics has taken part in the Forum Summer Cocktail in Kiev.The Cocktail Forum was a great opportunity to socialize and network in a relaxed and sophisticated atmosphere.(more…)
On 7 June, 2012, the experts of the advisory group had a chance to take part in the discussion “Green Economy: Alternative technologies in industry, construction and public utilities” competition. This has given us an opportunity to bring the expertise to the main economic issues in Ukraine.(more…)
During the press-conference held on May 24th in Kiev, German Advisory Group presented their report based on the analysis of credit bureaus’ functioning in Ukraine that caused active discussion among the stakeholders.(more…)
On May 23, 2012, the German Advisory Group has presented the results of the advisory paper “Credit Bureaus” (BMF project). Ukraine has several credit bureaus, but the sector as a whole is not working properly yet. In this advisory paper the German Advisory Group experts identify the main causes for this and put forward recommendations to improve the situation.(more…)
The background of the panel discussion was a recent long-term study of HSBC for the development of the economies in the world, particularly Ukraine with an average GDP growth of 6% in the next 40 years. According to the study Ukraine might move from 19th position in the ranking to 40th. Thus the discussion was headed to the issues Ukraine faces today and how to overcome them to assure the positive development in the future. Dr. Ricardo Giucci, CEO of Berlin GmbH Economics and Head of the German Advisory Group, has underlined that regime of fixed exchange rate is an obstacle for the Ukrainian economy.(more…)