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KIEV， Jan. 3 (Xinhua) -- Ukraine has emerged from a long crisis triggered by a series of shocks， including political turbulence， conflict in its eastern regions and an economic recession in 2016. Not surprisingly， the road toward sustainable growth and full political stability is likely to be hard.
This calls for the Ukrainian government to make resolute efforts to address the arising challenges.
END TO POLITICAL DEADLOCK
Following more than two years of political woes， Ukraine was further shaken at the beginning of 2016， when the pro-Western ruling coalition threatened to leave the country in a power vacuum.
Ukrainian President Petro Poroshenko had two ways to prevent deeper political gridlock -- either dismiss the technocratic West-supported government or dissolve the parliament.
The president decided to sacrifice the government for the sake of stability and his decision appeared to be effective -- the cabinet shift has eased the political tensions and helped the volatile country stay afloat and start recovering.
Alternatively， the early parliamentary elections might put an additional burden on the state budget and substantially prolong the period of uncertainty.
Looking ahead， the prospect for political stability remains uncertain in the East European country， although fresh political upheavals are unlikely， at least in the near term， because the interests of major political forces in Ukraine are currently quite balanced.
Moreover， Ukrainians are increasingly disappointed over the slow progress of the authorities in ending the conflict in eastern Ukraine and fighting corruption.
The growing influence of newcomers on the Ukrainian political arena complicates matters even further.
Many in Ukraine see young political activists as good alternatives to veteran politicians. It means that the president may come under increased pressure to reshape both the parliament and the government， if there are no positive changes in the country.
"If the Ukrainian authorities do not take steps to adjust their policy， unfortunately， Ukraine may face a difficult period in 2017，" former Ukrainian Foreign Minister Leonid Kozhara said.
START OF ECONOMIC RECOVERY
Thanks to the normalization of the political situation， well-planned government policies and broad international support， Ukraine's immediate economic problems were solved in 2016.
After two years of a drastic contraction， the country's economy is expected to increase by 1.5 percent in 2016.
Other economic indicators have also returned to positive territory. Inflation has slowed down， the exchange rate of the local currency has stabilized， and banks have resumed lending， supporting the economic activity.
Primarily， the recovery was achieved through implementation of the policies agreed with the International Monetary Fund (IMF) and the European Union (EU) under cooperation programs.
The reforms of the energy， banking， governance and judiciary sectors have enabled the Ukrainian authorities to ease the burden on public finances and lower the risks for the economy.
Yet， a normalization of the economic performance does not mean an end to the consequences of the turmoil.
With the slow recovery of the industrial sector， instability in the global exports markets and risks of escalation of the conflict in the Donbas region in eastern Ukraine， Ukraine is teetering near the edge of another economic recession.
The huge state debt， some 9 billion U.S. dollars that should be repaid to foreign and internal creditors in 2017， is adding to the worries.
Apparently， the positive growth trend could be sustained only if Ukraine cuts its dependence on loans and starts generating funds inside the country by attracting investment.
First steps on this path have already been made. For instance， the government has drawn up a plan to privatize some 300 state-owned enterprises by the end of 2017 and abolished a total of 367 regulatory legal acts that have obstructed businesses.
The initiatives are encouraging， but analysts believe that the positive effects are unlikely to be felt anytime soon.
"We should not expect an immediate influx of foreign businesses， but the investment opportunities have definitely improved，" said Volodymyr Fesenko， director of the Penta Center for Applied Political Studies.
FEW CHANGES IN FOREIGN POLICY
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