Dear reader,

We are pleased to welcome you to our quarterly newsletter, which rounds up the latest and of the Center’s reports and analyses.

If you are new to the Center for Economic Strategy, a word about our goal: to support reforms in Ukraine in order to achieve sustainable economic growth. We are independent and nonpartisan.

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The main highlight of this issue is analytical paper “HOW MANY UKRAINIANS HAVE DEPARTED AND WHAT CAN BE DONE ABOUT THIS”. Our research showed  that the estimated number of emigrant workers is around 4 million people; and simultaneously, around 2.6-2.7 million live abroad. The study concludes that Ukraine should implement effective policy measures in sphere of migration in order to make its effects more predictable.

Also in this issue we cover other key priority areas of  research and policy-making initiatives: state ownership, monetary policy, and effective governance.

Thank for your interest in our work. If you like what you see here, please help us spread the word.

Wishing you productive May!


– CES Team


How many Ukrainians have departed and what can be done about this

Ukraine is now one of the top ten countries of origin of the international migrants in the world. The estimated number of emigrant workers is 4 millions of people. While simultaneously around 2.6-2.7 millions of people are abroad.

Why are 16% of working age population choosing to work in another country? The most influential factor is economic – Ukrainians are looking for higher wages. Migration flow is mainly circular or short-term: most of migrant workers earn money abroad and want to come back to Ukraine.

Are the state owned enterprises less profitable than the private ones?

Can a state ownership of 3444 enterprises be justified from a financial standpoint? Are there any other more important goals for a state than the obtaining of profits?

The Centre For Economic Strategy experts offer the answers to these questions in the analytical note: “Are the state owned enterprises less profitable than the private ones?”.

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Whatever it takes: central bank communication as an effective monetary tool?

Presentation by Dr. Cyrus de la Rubia at the workshop “Whatever it takes: central bank communication as an effective monetary tool?”, Kyiv, 18th April 2018.

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What should be the role of Accounting Chamber in Ukraine?

Accounting Chamber has to be an effective instrument of the public control of fiscal effectiveness, to have tangible influence on the government policy making and on the parliament’s decisions. However, according to the survey Ukrainians evaluate the current activity of the ACU as unsatisfactory with an average rating of 3 points out of 10.

The most informed about ACU performance target audience is members of the Parliament (the awareness rate of 90-100%). The least informed about the ACU is the group of civil society due to extremely low awareness of mass media (more than 70% of journalists are not aware of the ACU role).

That are the conclusions of the report “Accounting Chamber of Ukraine: perception and awareness”, prepared by the Centre for Economic Strategy. The survey was conducted on behalf of German and UK Governments by the federal enterprise Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

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For more information please contact:
Valeriia Sieliezienieva, Communications Director
+380 44 492-7970

Centre for Economic Strategy

36D Saksahanskoho Street

Kyiv 01033 Ukraine

Tel: +380 44 492-7970


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