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How clinching the association with the EU influenced on Ukrainian business

20.11.2016 Analytics

The President of Ukraine signed the agreement on association with the EU on September 16, 2014. It was what all country has aimed and waited for so long. However, what we have today ?Are the expectations met? We decided to talk about it within the weekly Analytics from LDaily heading this time.

First of all, it will be a question of business and how ratification of the agreement has displayed on the income of the Ukrainian entrepreneurs. To begin with, the agricultural sector which, arguably, is considered a strength side of Ukraine in the international market. Indicators of the Ukrainian agricultural export has continued to fall in the first half of the year of 2016. For the first five months, according to the Ministry of Economic Development and Trade, the general indicator has decreased by 11,5%: losses in a cash equivalent constituted 13,7 billion dollars. First of all,loss of the old markets and the difficult mechanism of permission receipt to supply activity in EU countries have influenced on the decrease in indicators. Thus, among the Ukrainian agricultural industrial companies which could compete with foreign opponents: Nibulon SFGCU state entity, a producer of grain, and Mironivsky Hliboproduct agricultural holding.

As for general indicators of the Ukrainian exporter’s profitability, they have dropped almost by 11% for the period of 2016  in comparison with 2015 and continue its negative dynamics. In cash manifestation, the amount of commodity export industry financial losses reaches 17,4 billion dollars.Is it connected with internal system corruption of business relations with the state or is the reason covered in unpreparedness of the Ukrainian entrepreneurs to work in the market of the EU? The definite answer isn’t provided  but figures speak volumes.

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