Archive 2001

  • Monthly Economic Monitor Ukraine No.2 (4)

    • In January industrial output grew strongly at 19.5% yoy boosting the GDP to 9.1% yoy. However political instability coupled with unfavourable conditions in the international metals markets continue to present major impediments to further growth.
    • The State Property Fund issued a 'for sale' list of enterprises, for each of which a 25% minimum stake is to be offered for sale in 2001. The Fund also announced a tender to select a consultant for the sale of twelve more Oblenergos.
    • Six foreign investors, among them the EBRD and the German-Ukrainian Fund, have founded the Micro Finance Bank, a potentially important source for SME financing.
    • FDI in 2000 was up by 20% yoy and reached USD 584 m. The merchandise trade balance showed a surplus of USD 616 m in 2000.
    • The NBU started pursuing a tight monetary policy in 2001 to combat inflation. The first success was the sterilisation of UAH 948 m in January, more than in all of the year 2000.
    Issue:  No.2 (4) February 2001
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