Ukrainian economy recovering

Ukrainian economy has begun to recover as market confidence and capital flows returned after the presidential elections and authorities began to implement structural reforms, finds the latest economic review of the European Bank for Reconstruction and Development (EBRD).

The EBRD says Ukraine, which saw the sharpest economic contraction of this region last year, is now seeing an improvement, with growth forecast at four percent, compared with three percent seen in January.

Market sentiment has improved since elections and re-engagement with the International Monetary Fund.