The four-country summit just held in Berlin brought a mixed bag of results, with real concessions made amid reiterated stock demands that paralysed almost two years of efforts to end the conflict in East Ukraine.
In October the Ukrainian government missed another chance to substantially advance free market reforms in the country, renewing a moratorium on sales of agricultural land until January 2018.
“Mikheil Saakashvili is like marmite,” a Georgian friend once told this correspondent. “You either love him or hate him.” If the recent parliamentary election is anything to go by, Georgians might just have had enough of marmite.
The question is whether the solid progress achieved in the economy over the past 12 months can continue.
Ukraine has undergone a quiet revolution. In the past two years an open gas market was created and the first independent traders are already buying and importing large amounts of gas from Europe to feed the country’s thirst for energy.
The number of operating banks in Ukraine has declined from 180 in early 2014 to just over 100.
RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.
100 potential suspects identified in 2014 destruction of Malaysia Airlines flight MH17.
Is this the end of the deal? Not quite: negotiations with the EU and Ukraine have only recently begun and some areas have already been applied provisionally after the deal was ratified by the EU institutions.
Lagarde meets Poroshenko on same day as US Vice President Biden, who warns that sluggish reform pace is driving EU calls to abandon Russia sanctions.
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