Tymoshenko will be charged with implementing that plan if Parliament, as expected, approves her. An early measure will be pay hikes for the police, a bid to curb corruption. Tymoshenko aims to simplify the tax code to cut down on bribery and the black market, estimated at 50% of the economy. She wants to create a level playing field for investors by ending privileges that aided an elite close to outgoing President Leonid Kuchma.
Tymoshenko has a controversial past. In the 1990s, she made a fortune trading gas and was once briefly jailed on fraud charges, which she denied. She faces a challenge to ease tensions in divided Ukraine. Even so, Tomas Fiala, managing director of Kiev investment bank Dragon Capital predicts that, thanks to reforms, foreign direct investment will double to $3 billion this year. By Roman Olearchyk in Kiev EDITED BY Edited by Rose Brady