Due to the ongoing political unrest and annexation of Crimea by Russia, the information on these pages may not reflect current conditions in the country.
- Chief of State:
- President Petro Oleksiyovych Poroshenko
- Head of Government:
- Prime Minister Volodymyr Groysman
- Government Name:
- Adopted: 1996; Serves as the fundamental law of Ukraine. Other laws and normative legal acts must conform to the constitution. A special legislative procedure is vested exclusively with parliament in regards to the right to amend the constitution. The Constitutional Court of Ukraine is the only body which may interpret the constitution to determine whether legislation conforms.
- Government Type:
Government Control of Economy
Scale ranks countries on a basis of 1-100, with 100 representing the greatest amount of economic autonomy from government intervention.
Source: Heritage Foundation, http://www.heritage.org/index/heatmap (2015)
Country Risk Rating
|D||A high-risk political and economic situation and an often very difficult business environment can have a very significant impact on corporate payment behavior. Corporate default probability is very high.|
|Main Powers||Election Process||Election Cycle 1|
President represents the nation in international relations, administers the foreign political activity of the state, conducts negotiations and concludes international treaties. Prime Minister can countersign decrees and laws passed by the president.
President is elected by absolute majority vote through a two-round system, Prime Minister is appointed by the president with the approval of the parliament.
Although judicial independence exist in principle, in practice there is little separation of juridical and political powers. Judges are subjected to pressure by political and business interests.
Appointed by parliament.
No term limit
Determines the principles of domestic and foreign policy, introduces amendments to the Constitution of Ukraine, adopts laws, approves the state budget, designates elections of the President of Ukraine, impeaches the president, declares war and peace, appoints the Prime Minister of Ukraine, appoints or approves appointment of certain officials, appoints one-third of the Constitutional Court of Ukraine, elects judges for permanent terms, ratifies and denounces international treaties, and exercises certain control functions.
Supreme Council (Verkhovna Rada) 225 members are elected through a closed-list proportional representation system in a single, nationwide district, while the remaining 225 members are elected in single member districts.
Foreign Policy Trends: The Government of Ukraine has stated that European integration is its top foreign policy priority, and closer ties with the EU are broadly popular in Ukraine. The Yanukovych administration has sought to improve relations with Russia and strengthen its strategic partnership with the United States. As noted above, one of the more significant changes in Ukraine’s foreign policy has been the formal adoption of a “non-bloc” policy and abandonment of Ukraine’s formal bid for NATO membership. Seeking to expand trade and investment, Ukraine is also reaching out to non-traditional partners, including countries in Asia, the Americas, and the Middle East.
Regional Trade Blocs: No Regional Trade Blocs.
Treaties: No multilateral military treaties
International Organization Participation Source: CIA World Factbook
Note: Click table to see details
Environmental Agreements Source: CIA World Factbook
|Air Pollution||Air Pollution-Nitrogen Oxides||Air Pollution-Persistent Organic Pollutants||Air Pollution-Sulfur 85||Air Pollution-Sulfur 94||Air Pollution-Volatile Organic Compounds|
|Antarctic Treaty||Antarctic-Environmental Protocol||Antarctic-Marine Living Resources||Biodiversity||Climate Change||Climate Change-Kyoto Protocol|
|Desertification||Endangered Species||Environmental Modification||Hazardous Wastes||Law of the Sea||Marine Dumping|
|Ozone Layer Protection||Ship Pollution||Wetlands|
Note: Click table to see details
Tax Information 2
- Tax Authority:
- State Tax Service of Ukraine
- Tax Name: