Archive 2004

  • Center for economic research No. 12 (50)

    • Pervasive violations during the second round of the presidential elections resulted in a severe political crisis.
    • Parliament passed a vote of no-confidence in the government.
    • The real GDP growth slowed to 12.7% yoy for the first ten months of the year.
    • Parliament extended the moratorium on agricultural land sales and purchases.
    • The fiscal deficit reached UAH 6.4 bn despite the under-execution of expenditures.
    • The NBU simplified the access to refinancing credits for banks reacting on a reduction of liquidity in the banking system.
    • To preserve the stability of the banking system, the NBU issued a temporary regulation to reduce the commercial bank activity and to prohibit pre-term repayments of time deposits.

    MEMU SUPPLEMENT: "Overview of political crisis in November-early December"

    Issue:  No.12 (50) December 2004
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