Economy and politics

According to the information released on Tuesday, October 7, the Council of the National Bank of Ukraine reconsidered the target rates for the UAH vs the USD.

According to the early morning announcement of the State Statistics Committee of Ukraine, PPI in Ukraine fell 1.8% MoM, thus reaching a 34% YTD figure.

According to the early morning announcement of the State Statistics Committee of Ukraine, inflation in September hit 1.1% MoM (16.1% YTD and 24.6% YoY).

The National Bank of Ukraine (NBU) announced that its foreign reserves fell USD 533.98 mln (1.4% MoM) in September and reached USD 37.53 bln.

The Union of European Football Associations (UEFA) Council has announced its final decision to hold the Euro-2012 Soccer Cup in Ukraine and Poland.

The National Bank of Ukraine (NBU) has announced Ukraine’s revised current balance figures for 1H08. Therefore, the current balance deficit increased (YoY) to USD 6.8 bln in June 2008 (-7.9% of GDP); 0.1 bln higher than the previously released figure. However, the deficit has been declining for three months in a row: a decrease of USD 1.7 bln in April 2008, USD 814 mln in May, and USD 558 mln in June.

The State Statistics Committee of Ukraine announced that unemployment in August stayed at the 1.8% level; the same as in July 2008 compared to 1.9% in June, 2% in May and 2.2% in April 2008.

The government of Ukraine announced its long-term economic growth forecast for 2009-2012. The government expects the following real GDP growth rates: 2008 – 6.8%, 2009 – 6%, 2010 – 6%, 2011 – 7%, 2012 – 6.8%.

The Ministry of Finance of Ukraine announced that. in May, Ukraine’s external debt decreased by 0.3% MoM to USD 10.86 bln and its internal debt decreased by 1.34% MoM to UAH 17.23 bln (USD 3.55 bln).

The National Bank of Ukraine (NBU) announced that Ukraine’s monetary base is expected to rise 25-30% and M1 by 35-40% in 2008.