Monitoring and support of Ukraine-EU Association Agreement implementation in capital mobility and financial markets
NGO "Center for Economic Strategy"
01-11-2018 - 30-06-2019
Description of the project
The limited opportunities for capital movement and financial services are one of the reasons for the low investment level in Ukraine. Despite the fact that the restrictions have been already partially lifted, the problem still persists. The adoption of the Foreign Exchange Law was a significant advance. Further on, Ukraine has to continue its European integration course by deepening the relevant regulation at the national level in compliance with the EU directives and norms.
This project aimed at monitoring the status of regulation of capital movement and financial markets, including the approximation to the Association Agreement requirement.
The study comprised two parts:
First, assessing the new statutory regulation after the Law ‘On the Foreign Exchange and Exchange Transactions’ came into effect.
Second, analysing the European regulation and practices of foreign economic transactions in European countries (including case studies from the ‘new’ EU Member States).
The findings of the study allowed rendering an assessment of the condition of the updated foreign exchange regulation in Ukraine after the adoption of the Law ‘On the Foreign Exchange and Exchange Transactions’ and how much this new regulation complied with the Association Agreement provisions.