according to the National Economic Strategy 2030 posted last week on the government’s website. Other goals for 2030 are: double the economy; triple exports to $150 billion; nearly triple labor productivity; cut in half the state share in the banking system; cut the debt-to-GDP ratio to 30-40%; and increase the share of small and medium-sized businesses of exports to 40%.
headlined an article in the National Interest that blames the nation’s plummeting foreign investment on “Ukrainian authorities [falling] into the same trap of keeping their system semi-reformed, leaving Ukraine in economic and social stagnation.” Noting that foreign direct investment fell from $4.5 billion in 2019 to $400 million last year, the authors charge: “Ukraine’s top echelon has been sliding back to corruption after short reboot attempts undertaken during fall 2019—winter 2020.” The piece was written by Oleksiy Honcharuk, Ukraine’s Prime
Bohdan Danylyshyn, Chairman of the National Bank of Ukraine wrote on Facebook. He said: “The key reasons for the low interest of foreign investors in the Ukrainian economy are the weak and underdeveloped domestic market, the ongoing military conflict with the Russian Federation, as well as the low level of legal protection of investments.”