UKRAIN

E B Y : ME G A N M

I LA N

Location

Located on Continent of Europe

Capital: Kiev Population:

44,573,205 Government:

Republic

Ukraine statistics & background GDP per capita: $3866.99 USD

Public debt of Ukraine (% GDP): 35.89 % of the country’s GDP

Unemployment rate: 7.6%-8%

Population that lives under poverty line: 35% (1176 UAH)

Rule of Law

Limited government

Regulation efficiency

Ukraine’s fragile Economy

GOVERNMENT & INFORMATION Ukraine gained independence on August 24,

1991 Chief of state: Acting President Oleksandr

TURCHYNOV

Unitary state

Semi-presidential system

Parliamentary system

Legislative branch: Unicameral Supreme Council or “Verkhovna Rada”

FORMER PRESIDENT OF UKRAINE

VIKTOR YANUKOVYCH

YANUKOVYCH’S MULTI-MILLION MANSION Yanukovych

claimed to make $25,000 annually

$75 million mansion built

340 acres of land

Exotic animals Giant marble

statues $100,000

chandeliers

UKRAINE POVERTYALL WHILE… 35% of population live

under poverty line

Country is declining economically

Poverty thought to be caused by: - Political bribery - Dysfunctional

bureaucracy

- Use of personal connections

POLITICAL CORRUPTION

Ukraine corruption level: 65%

Most corrupt providences: Odessa & Rivne

UKRAINE’S POLITICAL CORRUPTION When dealing with government permits:

40.2% testified bribe extortion in business regulation and inspection

36.1% bribe extortion in customs

30.2% bribe extortion in judiciary system

WHAT CAN BE DONE IN THE UKRAINE? An Anti-corruption legislation should be placed into action immediately International Aid World bank is launching a media contest to help counter corruption in the Ukraine

BIBLIOGRAPHY http://www.heritage.org/index/country/ukraine

http://www.cia.gov/library/publications/the-world-factbook/geos/up.html

http://www.pecob.eu/corruption-ukraine

http://www.ukrainebusiness.com.ua/news/1983.html