**Ukraine Reforms Tracker: Weekly Issue 16**
This week’s edition of the Ukraine Reforms Tracker, a weekly summary of Ukrainian lawmaker Yaroslav Zhelezniak’s updates on business and economic reforms in Ukraine, covers events from February 24 to March 2, 2025.
**Benchmarks and Soft Commitments with the IMF**
* The selection process for the next head of the Bureau of Economic Security (BES) has narrowed down to 30 candidates out of 43 who met the formal eligibility requirements.
* The new head will be chosen through skills assessments, legislative knowledge tests, and integrity checks.
**Ukraine Passes Overdue Judicial Reform Bill**
* Ukraine’s Parliament has approved draft law #12368-1, establishing a new judicial framework to replace the controversial Kyiv District Administrative Court (OASK).
* The bill was welcomed by G7 Ambassadors but deviates from initial IMF recommendations, opting to create two separate courts.
**Ukraine’s Stock Market Regulator Adopts Updated Ethics Code**
* Ukraine’s National Securities and Stock Market Commission (NSSMC) has adopted an updated Employee Ethics Code, aligning with recent amendments to the Law on State Regulation of Capital Markets.
* The revision is part of a structural benchmark under Ukraine’s Memorandum of Economic and Financial Policies with the IMF.
**Ukrainian Government Adopts New Public Investment Allocation Mechanism**
* The Cabinet of Ministers has approved a new framework for allocating public investment, prioritizing state-funded projects based on their strategic importance.
* An Interagency Commission will oversee the distribution of state budget funds for investment projects.
**Other Key Economic Issues**
* Ukraine has moved forward with the $1 billion purchase of Russian-made nuclear reactors from Bulgaria.
* The National Police conducted raids on three leading pharmaceutical manufacturers as part of an ongoing investigation into pricing manipulation and financial abuses in the sector.
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