Project’s expert article on State aid has been published in a leading journal ESTAL
An article “State Aid Regulation and Future Industrial Policy in Ukraine” by Dr Eugene Stuart, the Project Team Leader, and Iana Roginska, the Project Expert on state Aid, was published in the recent issue of the European State Aid Law Quarterly (EStAL).
The article examines challenges that the regulation of State aid can pose for policy-makers in the areas of industrial and economic development in Ukraine.
There is generally a strong tradition of State support for business and industry in Ukraine. The trend of future intervention remains unclear. With public finance so constrained and the present Government’s policy less favourable towards State aid, less scope for future measures is to be expected. The importance of the present economic crisis in Ukraine could act as a catalyst for change in Government policy. What is clear is that the State aid regulator in Ukraine will need extensive insight into economic and industrial policy to enable successful implementation of State aid legislation.
The authors conclude, that after a potentially difficult start in the next 3 to 4 years, the Ukrainian State aid regulatory system could bring important benefits to the country through improving the management of public finances, creating a more competitive, and better-functioning, economy and by ensuring that support measures to the business sector (whatever form they take) are indeed justifiable, as well as leading to tangible economic growth in the Ukraine.
View full article here (available upon subscription).
EStAL is the leading journal in the field of State aid law and policy for academics, judges, Commission and Member States officials, private practitioners and all those dealing with State aid issues on a regular basis.