Energy, an international, multi-disciplinary peer-reviewed journal in energy engineering and research, published the article Understanding energy efficiency barriers in Ukraine: Insights from a survey of commercial and industrial firms, which is based on the survey of Ukrainian enterprises carried out by the Institute for Economic Research and Policy Consulting (IER) in 2012.

The IER surveyed more than 500 industrial and commercial enterprises of all regions of Ukraine to understand what barriers to energy efficiency improvement they face. The survey showed that the most pressing barriers to improvement of energy efficiency are high upfront investment requirement, lack of government policies to support energy efficiency improvements, higher cost of capital, and lack of information and awareness.

The cooperation trends set in the early 1990s have largely determined the dynamics of the Ukraine-Hungary bilateral relations for the past 25 years. In December 1991, Prime Minister of Hungary József Antall and President of Ukraine Leonid Kravchuk signed the Ukrainian-Hungarian bilateral treaty in Kyiv that became the foundation for bilateral relations. It was a fundamental document that outlined the most important commitments of both parties: absence of territorial claims between both countries and guarantees of the mutual protection of minority rights. In fact, the signing of this agreement was a symbolic act for both sides: Budapest demonstrated to the international community that it envisioned relations with its neighbors based on the principles of friendship and respect, whereas Kyiv effectively addressed the question regarding one of its most sizeable ethnic minorities hoping to set an example for Crimea and Bukovyna.

Ukraine’s State Fiscal Service and law enforcement bodies have to deal with the Russian offshore companies owning Ukrainian enterprises and, thus, potentially threatening the economy of Ukraine, says Vasyl Yurchyshyn, Director of Economic Programmes at Razumkov Center.

“Ukraine’s Fiscal Service and certain law enforcement agencies really need to deal with the property of such companies to prevent the withdrawal of assets through various mechanisms of the economy or other damage to Ukraine’s economy,” says the expert.

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The Institute of World Policy prepared a memo ahead of the visit of the President of Ukraine Petro Poroshenko to Romania on the signals worth sending to the Romanian decision-makers and society.

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The constitutional reform is underway in Ukraine, involving constitutional amendments in 3 areas: human rights, decentralization and reform of the judiciary. Unfortunately, so far the amending process in terms of ensuring the balance of powers has not been initiated. However, on 1 April, a Draft law “On amendments to article 78 of the Constitution of Ukraine on creating preconditions for stable and effective work of the Cabinet of Ministers of Ukraine” No 4357 was registered in the Parliament.

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The DiXi Group released the latest “Ukrainian energy” weekly analytical report. In this report you can read about the main events in the energy sector of Ukraine and the region. In this issue: Why did the meeting of oil producing countries in Qatar fail; – which principles does the EU apply for developing energy infrastructure; – what do they do in Gazprom to restore market position and what can that lead to; – what are intentions of the new energy minister I.Nasalyk; – which steps Ukraine shall make in the energy sector reform; – what are the incentives for more transparency and efficiency of extractive companies.

The #panamapapers scandal showed that Ukrainian journalists trust President Poroshenko so much that they have no doubt in the unconvincing explanations of his lawyers. They did not ask additional uncomfortable questions and did not try to have a closer look at this high-profile case.


On April 14 the Verkhovna Rada dismissed Arseniy Yatsenyuk form the post of premier and appointed Volodymyr Groisman, who until them was the speaker of parliament, the new head of government. That same day deputies formed a personal composite of a new Cabinet of Ministers with the exception of the Minister of Healthcare and on the third time supported the program of action of the new government. What can be expected from the new government headed by Groisman? What will his relations be with the parliament?

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Director of Economic Programmes of the Razumkov Centre Vasyl Yurchyshyn explains why despite continued lack of new tranches from the International Monetary Fund, the Ukrainian hryvnia is showing a trend towards strengthening.

Over the last months, the Ukrainian currency has demonstrated growth, dropping below 26 UAH per USD. However, in my opinion, there are no fundamental factors that would allow to speak of systematic strengthening of the hryvnia.

Devaluation risks are quite high. The main reason is the political crisis, and the twists and turns around the formation of a coalition and a new government. Under such circumstances, investors will hardly decide to enter the Ukrainian market, and behind this, there are such indicators as foreign investment inflow, replenishing the reserves, and, finally, strengthening the national currency.