The German Economic Team has presented the latest Economic Monitor for Ukraine and Moldova at the 23rd information event on 15 February at the Federal Ministry of Economics and Climate Action (BMWK).
Ukraine has implemented important reforms, especially since 2014, e.g. the comprehensive implementation of the Association Agreement with the EU, in banking policy, the macro-financial stability, procurement and e-governance.
However, Russia’s aggression since 2014 and especially since the start of the full-scale invasion in February 2022 has had a massive negative impact on the macroeconomic development. In this context, the adopted reforms strengthen the resilience of the Ukrainian economy in times of war.
Ukraine was granted EU candidate status in June 2022 and has a strongly developed IT and agricultural sector. In December 2023, the European Council decided to launch EU accession negotiations with Ukraine.