How economic transformations drive GDP growth

Among the Baltic, the V4, and the EaP countries Moldova spends the largest amount of money on education, Eastbook.eu infroms.

Polish reformer Leszek Balcerowicz on how Ukraine can embark on market reforms

Recent economic news gives one a feeling of déjà vu

Growth in Ukraine is to remain weak at 1.0 percent in 2013, up from 0.2 percent in 2012, World Bank predicts in its report “Global Economic Prospects. Less volatile, but lesser growth”.

Society and business that is not connected to the government will be forced to tighten their belts

Growth is a flawed concept. It is measured in terms of the Gross Domestic Product (GDP), which dissolves under scrutiny into concepts that are inaccurate measures of economic or social well being.

The Ukrainian government commands no admiration in the EBRD

If technology collapses, Ukraine’s economy is doomed to crisis after crisis

Instead of initiating a full-fledged pension reform the government will simply make life harder for the retired living on the existing pay-as-you-go pension scheme

Export dynamics, inflation and privatisation help the government fill the budget, while at the same time they are increasing pressure on taxpayers

Ukraine will have to clean the Augean Stables of the tycoon-controlled economy regardless of how the global financial crisis develops