According to the experts, the mass privatization of state-owned enterprises that has been launched in Ukraine, will not fulfill the hopes for a revival of the Ukrainian economy. Meanwhile, such a revival is badly needed.
In June 2018, the Ukrainian parliament adopted the Law on Currency and Currency Operations, which was described in Ukraine as a system for the "visa-free" movement of capital.
The Ukrainian central bank announced the launch of a pilot project of the electronic hryvnia (eUAH). Unfortunately, the idea was discredited by scammers before the tests began.
After a few relatively good years, Ukraine is again getting into difficulties with the balance of payments. Economists believe that the deficit is a worrying sign indicating the beginning of a cycle of capital outflow.
The Ukrainian trade deficit is growing and the country is not able to break its economic dependence on Russia, despite the association agreement with the European Union (EU).
One of the biggest medium-term risks for Ukraine's economy is emigration, especially in the conditions of low growth of labor productivity.
Yakiv Smoliy took over as the Governor of the National Bank of Ukraine (NBU) in mid-March 2018. His goals are, among others, low inflation and efficient banking system.
The Ukrainian economy is growing very slowly. Meanwhile, the World Bank is recommending a thorough reconstruction of the entire system.
This year Ukraine faces payments resulting from its international obligations. In 2018, Ukraine is supposed to repay USD11bn, while the central bank's foreign exchange reserves amount to USD19bn.
The nationalization of Ukraine's largest commercial bank Privatbank was a serious burden on the state budget, and experts claim that the company will still have to be subsidized for a long time.