Archive 2002

  • Monthly Economic Monitor Ukraine No.5 (19)

    • Although the recent elections have not established a clear majority in the new Parliament so far, some top positions in the Cabinet of Ministers have already changed.
    • The Cabinet of Ministers continued signing coordination memorandums with large players of the national economy. In April such memorandums were signed with the ore-mining and metallurgical sector and with producers of fertiliser.
    • EU protectionism, as well as anticipated good grain harvests both in Ukraine and Russia will likely reduce grain prices on the domestic market.
    • The current account for 2001 has maintained the upward trend for the third year, reaching a surplus of USD 1.4 bn.
    • The NBU further decreased both the discount rate and the reserve requirements, yet high lending rates persist.
    • Ukraine’s security market adopted international codes for securities and abolished trading in promissory notes.
    Issue:  No.5 (19) May 2002
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