Balcerowicz names four key reforms for Ukraine

Leszek Balcerowicz, an advisor to the Ukrainian president Petro Poroshenko, has estimated the situation in the country and given a piece of advice during a Thursday press conference in Kyiv. "Strengthening the financial system, economic growth, the fight against corruption and beginning decentralization are the most important directions of reforms to be implemented in Ukraine," the Polish ex-finance minister pronounced. "The Ukrainian economy is beginning to grow and will continue the increase in case of government support reforms." According to Balcerowicz, Ukraine needs to speed up fighting against corruption, break apart monopolies and eliminate privileges for oligarchs, improve conditions for small and medium businesses, strengthen competition and carry out a deeper deregulation. Last month, the Polish advisor claimed Ukraine needs a program of restructuring and after some time privatisation of state-owned firms to transform itself into a "well-functioning capitalist economy." Leszek Balcerowicz, famous for implementing the Polish economic transformation program -  shock therapy (Balcerowicz Plan), was appointed advisor to the Ukrainian president Petro Poroshenko and his representative in the Ukrainian government in April.