August 24, 2009

Ukraine Celebrates Its Independence Day

It has been 18 years since Ukraine's breakaway from the former Soviet Union. Ukraine's parliament declared the independence of Ukraine on August 24th, 1991. The former Soviet republic of Ukraine has changed a lot in the last eighteen years. The first wave of major structural changes, perestroika, was initiated in the 1980s. The second wave of market and political reforms stormed through the early 1990s when Ukraine was already a sovereign state. These political and economic changes have transformed FSU country into a modern Eastern European state with a consolidating democracy and emerging market economy.

Happy Independence Day! (ukr. Vitau s Dnem Nezalezhnosti)


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