Archive 2012

• Monthly Economic Monitor Ukraine No.11 (145)

  09.11.2012
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  • HIGHLIGHT OF THE MONTH: Parliamentary election - UKRAINE HAS NEITHER PASSED DEMOCRACY TEST, NOR BECOME A SECOND BELARUS
  • Politics: As a result of Parliament elections 5 parties passed 5% threshold: the ruling Party of Regions, the opposition party “Bat’kivshyna”, the newcomer party of Vitaliy Klychko “UDAR”, the Communist Party of Ukraine and the radical right party “Svoboda”.
  • Real Sector: According to preliminary Ukrstat estimates, real GDP declined by 1.3% yoy in the third quarter of 2012.
  • Sectoral news: The Government has not officially introduced export restrictions, but the Ministry of Agrarian Policy strongly recommended grain traders to switch to exports of forage crops.
  • External sector: Financial and capital account surplus in September shrank to USD 0.2 bn as outflow of foreign currency from banks jumped to USD 1.5 bn.
  • Fiscal policy: Fiscal gap surged in September and October putting execution of the fiscal parameters under the risk in 2012.
  • Social policy: The Cabinet of Ministers approved the Program on Housing for Young Families for 2013 – 2017.
  • Labour market: The Government plans to increase number of employed individuals by 0.9 m to 21.2-21.4 m persons by 2017.
  • Monetary policy: Interbank interest rates exceeded 40% p.a. by the end of October.
  • Financial markets: The exchange rate flexibility increased in October.
  Issue:  No.11 (145) November 2012