With a government that had no strategy for national development, economic reforms or European integration, and an opposition unable to offer reasonable alternative scenarios or exert pressure effectively on those in power, Ukraine ended up with an economy shaped by the logic of least resistance and quick profits. As a result, an oligarch system emerged, comprised of the following components: • Oligarchs used all kinds of tools including financial fraud, artificial debts and coercive pressure to grab or take under their control the juiciest, or at least potentially profitable objects, particularly steelworks and chemical plants that basically produced semi-finished components for other technological productions.
• This led to the subsequent distortion of the structure of Ukraine’s economy.
• Meanwhile, other industries, including engineering, hi-tech productions that needed huge investment before they could even compete at foreign markets, food and textile industries were decaying.
Even being swallowed by oligarch empires could hardly save them, since they turned into side businesses rather than central projects.
• SMEs remained neglected despite the favourable flat-rate tax system law passed in 1998. They had no access to cheap loans and real privatization, nor could they compete with oligarchs seeking control over medium-sized business, comprised of the food industry, farming, the hi-tech sector and others.
• The privileges lobbied by oligarchs for their businesses left gaps in the state budget. To cover them, the government increased tax pressure on businesses that had no such protection. This led to the inevitable decline of the investment climate in Ukraine.
• Ultimately, government decisions based on private interests rather than a comprehensive analysis of the situation were inefficient and often more troublesome than helpful.
November 21, the 4th anniversary of the Maidan, begins in Kyiv with a prayer for the Heavenly Hundred, the protesters killed at Instytutska Street in February 2014, and the victims of earlier shootings, police violence throughout the revolution
According to recent sociological studies, there have been no significant changes in the mood of Ukrainians over the last three years. The scarcity of demonstrations cannot be attributed to loyalty to the current government, but rather to the fact that the opposition is equally far away from understanding what the citizens need and how these needs can be met
Mostly discussed for its regulation of the language of instruction in schools, the new law offers more overlooked important innovations intended to change the quality and the content of education in Ukraine
The new law on the reintegration of the occupied parts of the Donbas qualifies them as such and names Russia as the occupier. Yet, it does not launch the process of deoccupation or change the mechanism envisaged in the Minsk Agreement