The Bureau of Economic Security of Ukraine will cooperate with the University of California, Berkeley on the methodology of analysis of large data sets, economic analysis, macroeconomic forecasting, risk identification, and practical application of major scientific achievements.

According to most ratings, the University of California, Berkeley is the best public university in the world and the only public university among the top ten best educational institutions in the world.

The BES's request for cooperation in the scientific and applied development of the analytical unit of the Bureau was supported by the University of California.

It is planned to develop a joint long-term project.

The first online meeting of BES employees took place with Yury Horodnichenko, Professor of the Faculty of Economics of the University of California, Berkeley.

At the beginning of the meeting, the Director of the BES, Vadym Melnyk, noted that an urgent aspect of the BES's activity is institutional formation, development of the structure, acquisition of new competencies by employees, and development of methods for getting ahead.

"For representatives of the main analytical body of Ukraine, it is very important to feel the support of our strategic partners, like-minded people. And it's even nicer than the fact that Berkeley has identified our compatriot as the main contact person", - emphasized Vadym Melnyk, - "On the part of the Bureau, we guarantee transparency, systematicity, result-oriented, high-quality implementation of the best scientific recommendations."

A significant part of Professor Horodnichenko's research must be devoted to monetary policy, fiscal policy, taxation, economic growth, pricing and business cycles.

The parties agreed on further cooperation and academic support, which is the first step in the collaboration between BES and the academic community.

University of California, Berkeley is a higher scientific and educational institution in the United States, founded in 1868. Located in Berkeley, a suburb of San Francisco, California. It is the oldest and most prestigious campus of the University of California system, with ten California campuses.

Berkeley's academic programs, which number more than 300, are considered among the best in the world of higher education.

Since 2007, Professor Yury Horodnichenko has been cooperating with the National Bureau of Economic Research (NBER) and the US Institute of Labor Economics. Since 2009, he has been a visiting researcher at the Federal Reserve Bank of San Francisco. Consultant of the European Investment Bank and the European Central Bank and is the chairman of the International Academic Council of the Kyiv School of Economics (KSE).