20th Ukraine Breakfast Debate: COVID-19 in Ukraine: Economic Consequences for Foreign Investment and Local Businesses
5 November 2020, 09.30–11.00 AM (CET)
Oksana Kuziakiv, Chief Executive, Head of the Center for Contemporary Society Studies, Institute for Economic Research and Policy Consulting, Kyiv
Jean-Erik de Zagon, Head of Representation, European Investment Bank, Kyiv
Robert Kirchner, Deputy Team Leader, Berlin Economics, Berlin
Katrin Böttger, Director, Institut für Europäische Politik, Berlin
Ljudmyla Melnyk, Research Associate, Institut für Europäische Politik, Berlin
The COVID-19 pandemic has had far-reaching consequences beyond the health crisis itself. The economic impact is proving particularly severe, causing the largest global recession in history. The already fragile Ukrainian economy, which had made significant progress since 2015, has been particularly hit hard. Ukraine is expected to experience the steepest economic downturn of the six EU Eastern Partnership (EaP) countries with the IMF forecasting a 7% decline of its GDP in 2020. In addition, Ukraine has seen a significant drop in foreign direct investment since the outbreak of the pandemic. And large turnover losses for local companies are just one of many unintended consequences of the quarantine. Measures to mitigate the economic impact have already been taken by the Ukrainian government. Yet, whether those actions will be sufficient to prevent a severe economic crisis remains open.
- How can the European Union assist Ukraine in the short to long-term in order to ensure its recovery and economic stability? What kind of supportive measures are currently being discussed by the EU and what is missing from the current debate?
- How did the Ukrainian government react to the pandemic, particularly with regards to supporting small and medium enterprises? Have those measures been effective?
- What can Ukraine learn from countries that have so far fared well in the crisis?
We are pleased to announce that the 20th Ukraine Breakfast debate on “COVID-19 in Ukraine: Economic Consequences for Foreign Investment and Local Businesses” will take place online on Thursday, 5 November 2020, 09.30–11.00 AM (CET) in partnership with the European Investment Bank (EIB) as part of the IEP-EIB Breakfast Debate Series.
Please note that the event will be held in English.
Terms of participation
Register: Please register by 3 November 2020: https://bit.ly/3dVMnO4 Please indicate your name and institution.
You can download the programme here: https://bit.ly/3ojPq7h
In order to participate in Ukraine Breakfast Debate please have your favorite cup of tea or coffee on hand to enjoy while listening and discussing the topic.
The number of virtual seats is limited, and switched-on video preferred. After a successful registration and confirmation, participation is obligatory.
You can participate via a computer, tablet, or mobile phone with internet access and speakers. You will receive an event link which will open the Zoom application. It is recommended to download the app when using Zoom for the first time. This only takes a few minutes and is free of charge.
If you have any questions about the event, please contact Ljudmyla Melnyk: Ljudmyla.email@example.com
Ukraine Breakfast Debates are part of the project “German Ukrainian Researchers Network” (GURN). GURN aims to establish a German-Ukrainian network for senior and junior researchers, strengthening expertise in the field of policy analysis and promoting joint research projects. GURN is conducted in cooperation with the Ilko Kucheriv Democratic Initiatives Foundation (DIF, Kyiv), the think tank development and research initiative think twice UA (Kyiv), New Europe Center (NEC, Kyiv), and is kindly supported by the Federal Foreign Office.
This event is furthermore organised in cooperation with the European Investment Bank (EIB).