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Archive 2012

  • Monthly Economic Monitor Ukraine No.8 (142)

    10.08.2012
    • HIGHLIGHT OF THE MONTH: Bioethanol blending mandates - BIOFUELS POLICY, TECHNICAL CONSTRAINS AND ECONOMIC COSTS
    • Politics: According to the Freedom House report democracy in Ukraine is in decline.
    • Real Sector: Industrial output declined by 1.4% yoy in part due to low number of working days.
    • Sectoral news: Gazprom provided financing to the Naftogaz to support gas purchases.
    • External sector: Current account deficit widened to USD 1.0 bn in June as financial and capital account swung to the deficit of USD 0.5 bn.
    • Fiscal policy: New amendments to the Tax Code were introduced to consolidate tax policymaking in the Finance Ministry.
    • Social policy: Own revenues of the Pension Fund increased by 14.9% yoy in the first half of 2012 and allowed the Government to decrease transfer to finance pensions.
    • Labour market: Wages fell in private sector in June due to low working time.
    • Monetary policy: In July CPI fell by 0.2% yoy as food prices fell by 3.0% yoy.
    • Financial markets: Ukraine placed USD 2 bn issue of Eurobonds in July.
    Issue:  No.8 (142) August 2012
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