EBRD, Ministry of Finance: Ukraine Shows Good Reform Progress

June 15, 2017

AC_Burisma4

The forum “Economy of Ukraine: Challenges and Prospects” that took place on June 15 in Kyiv addressed current economic situation and most effective instruments to secure Ukraine’s prosperous future.

According to international experts, Ukraine’s progress in reforming exceeded all expectations of its international partners, except for fighting corruption and privatization, reported UNIAN.

The above statement was made by the Managing Director of the European Bank for Reconstruction and Development in Eastern Europe and the Caucasus Francis Malige at the Forum “Economy of Ukraine: Challenges and Prospects” organized by the Atlantic Council with support from Burisma Group on June 15 in Kyiv. The Director of the Atlantic Council Dinu Patriciu Eurasia Center and the US Ambassador to Ukraine (2003-2006) John E. Herbst opened the Forum. Experts addressed transformations in state and commercial sectors, foreign loan plans, domestic and international investment environment.

The Minister of Finance of Ukraine Oleksandr Danyliuk believes that Ukraine has become more resistant to external economic shocks and is heading toward steady economic growth.

“Today we are building our future with more confidence. The reason why I am positive about economic growth is because the reforms we’ve implemented over the last 3 years are starting to bear fruit”, said Oleksandr Danilyuk.

“If three years ago someone told us that Ukraine would be engaged in discussing such matters, we wouldn’t have believed. Ukraine’s progress in reforming exceeded all expectations,” admitted Francis Malige. 

Advisor to the Board of Directors at Burisma Group Vadym Pozharskyi stressed the importance of reforms in energy sector and talked about the boost of domestic gas production as a result of successful legislative changes in 2016. “As a private investor, we set the example of doing business effectively in Ukraine. In 2017, Burisma Group is going to invest about UAH 3 bln in production”, noted Vadym Pozharskyi.

The forum “Economy of Ukraine: Challenges and Prospects” addressed current economic situation and most effective instruments to secure Ukraine’s prosperous future. The two-panel Forum’s participants included representatives of the US Embassy in Ukraine, Director of the Atlantic Council Dinu Patriciu Eurasia Center John E. Herbst, the Honorary President of Kyiv School of Economics Tymofiy Mylovanov, Chief Economist at Dragon Capital Olena Bilan, the President of the US-Ukraine Business Council Morgan Williams, the Former Minister of Economy Ukraine Aivaras Abromavičius and others.