As expected, the former Chief of the Parliament Volodymyr Groysman has become the new Prime Minister of Ukraine. The move follows the resignation of Arseniy Yatsenyuk earlier a few days ago, the latter which had recommended Groysman to become the new head of the government. The new Prime Minister has vowed to tackle corruption and strengthen ties with the EU, as many of his predecessors has done before him. Groysman himself, who is to become the youngest Prime Minister ever in Ukraine with 38 years old, is a close ally of Poroshenko, coming from the same political party ''Solidarity''. The appointment, that some consider as horse-trading for power by oligarchs in the country, comes along with the replacement of the technocrat finance and economy ministers Natalie Jaresko and Aivaras Abromavicius.

The appointment of the Prime Minister, along with the installment of the new economy and finance ministers, confirm an increase of the presentation of Poroshenko's party in the government. It remains to be seen whether the government will continue and upgrade the pace of reforms, despite the ousting of the technocrat ministers. Recently, President Poroshenko has also been mentioned in the "Panama Papers".

Ukraine still suffers from political and economical instability, having experienced an annexation of the Crimea by Russia, that is legally part of Ukraine, and having been invaded in the Donbass region in the east, where the military conflict is still not resolved. Furthermore it has been in constant recessions the past few years, following the Maidan Revolution. For economic data on Ukraine click here.

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