Co-chairs of the Group of Strategic Advisors for Support of Reforms in Ukraine, Leszek Balcerowicz and Ivan Miklos, have named the key reforms, which Ukraine needs to hold as soon as possible.

"Economic growth has started and it will continue if the reforms continue," Balcerowicz said at a briefing in the presidential administration of Ukraine on Thursday.

According to him, the key task for the Ukrainian authorities is to hold reforms to strengthen the stability of the financial sector, the budget and the economy, to ensure the further economic growth, the fight against corruption and the decentralization reform.

Balcerowicz also mentioned the importance of improving the business environment, encouraging competition, and deregulation and privatization of state-owned enterprises.

"Public ownership means the power of politics over enterprises. This always ends in losses. It is a characteristic feature not only of Ukraine, this happens everywhere and in order to strengthen the economic growth it is necessary to strengthen the budget to avoid any losses..." he said.

For his part, Miklos noted that it is important to establish macroeconomic stability, without which there will be no economic growth and no improvement of lives of Ukrainians. "I must say that much has been done. More reforms have been done over the past two years after the Maidan, than in 22 years before that. But on the other hand, it must be said that it is necessary to do more than was done in these two years. Miklos stressed the importance of judicial reform and the reform of the prosecutor's office, the fight against corruption, and the process of privatization of state-owned enterprises.

"As for privatization, I must say that over the past two years, almost nothing has been done and this process should be accelerated," he said.

At present, the difficulties in holding the reform are rather political than technical, Miklos said. "The biggest threat to the reform and Ukraine's successful future is populism," he said adding that populism does not offer solutions and does not serve the community, but the interests of individuals.