Earlier this month while delivering a public lecture in Kiev, “The Challenges of an Ever-Changing World,” former US Secretary of State Condoleezza Rice made an inspiring remark for anyone who might have been thinking that life in Ukraine was bad: “You should go to Liberia where the standard of living […]
Tag: Economy in Ukraine
Ukraine’s Economy Plunges: So, Who Should Pay for It?
According to Ukrainian news-accounts, Ukraine’s economy is rapidly falling. On April 2nd was reported that “Sales of new cars in Ukraine fell to the lowest in 15 years,” and that March’s sales-volume (number of cars sold) was 23% less than that in February. Even more startlingly, “The general decline in sales of vehicles […]
Why Ukraine should not expect financial help from the EU
Parliamentary elections in Ukraine on 26th October indicated that the country is on a Western path. But the euphoria many felt in Kiev after the end of Euromaidan protests may be replaced by hard realisation that not much has changed in Ukraine. The economy is in a dire place and […]
Ukraine’s Collapsing Economy
With the ceasefire now in its fourth week, Ukraine commentators are shifting their attention from the military state of affairs to the economic. If the battlefield is largely quiescent, the same cannot be said for the economy, which is in a tailspin. Leading member of the Ukrainian socialist movement Borot’ba […]
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