Investable Ukraine. Q1 2016

Ironically, while Ukraine's political landscape remains chaotic and uncertain as parties are deadlocked over a new coalition and government, the economy is passing a turning point. Output is showing persuasive signs of a recovery of growth and other key economic indicators are also turning positive – inflation is decelerating rapidly and the FX rate remains relatively stable. Although still fragile and shaky, economic stability and confidence is on the rise. Nevertheless, for now this this seems to be a natural relief rally after a protracted and lasting economic decline rather than a major shift of the prevailing trend. Businesses remain hungry for more decisive reforms, deregulation, and constructive and corruption-free relations with the government.

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