Exports hold some promise. They powered the economy out of the recessions of 1999 and 2009, points out Tomas Fiala of Dragon Capital, an investment bank.

“Inflation was mainly driven by one-off factors, namely, the second stage of the heating-tariff hike, and market turbulence that prompted importers to raise prices,” Olena Bilan, chief economist at investment bank Dragon Capital.

The results are well below the 25 place climb predicted in March 2015 by Ukraines minister of economic development and trade, Aivaras Abromavicius. But instead of back tracking, Abromavicius told a cabinet meeting on Oct. 28 that in two years time Ukraine would be in the top 50.
Andrey Bespyatov of Kyiv-based investment bank Dragon Capital said such a goal was realistic
“Given that Ukraine placed 150 or so just five years ago, it is quiet achievable, but it all depends on the criteria and whether the government approves new legislation,” Bespyatov said.

"Technically, it’s a default either way,"  Fyodor Bagnenko, a Kiev-based bond trader at Dragon Capital, said by e-mail. "But there’s a difference between the default being part of a fully agreed upon process, or as a result of a last-minute rejection by parliament. The latter course wouldn’t look good."

Another of the company’s power plants, Slovyanska, is not currently working because of shelling from the war. Both plants urgently need modernization, Dragon Capital investment company said in the report.

"There is a certain ’wow’ factor,’" says Andrey Bespyatov, managing director of Dragon Capital, adding that the appointment of technocrats and foreigners brings hope of "noticeable reforms" being put into place.

“If we are talking about gas volume, there’s enough of it,” explained gas expert Denys Sakva. “But there’s a concern about the speed of gas extraction from the storage. That speed will be likely not sufficient by the end of the winter.