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Economy and politics



Economy and politics
August 18, 2010Industrial output in July grew by 6.4% yoy

Industrial output in July 2010 increased by 6.4% yoy. Growth of 7M10 equals 11.1% yoy growth.

Economy and politics
August 17, 2010Ukraine GDP soared by 6% in 2Q10

According to preliminary data, the real GDP of Ukraine grew by 6% in 2Q10.

Economy and politics
August 17, 2010Foreign trade balance of Ukraine in 1H10 soared to USD 400 bln

The positive balance of Ukraine’s current account grew to USD 400 mln in 1H10, compared to its negative USD 479.5 mln balance in 1H09. Export of goods grew by 33.5%, imports by 29.6%. Export of services increased by 20.5%, while imports dropped by 1.5%.

Economy and politics
July 30, 2010IMF will credit Ukraine for USD 15 bln. POSITIVE
The International Monetary Fund (IMF) confirmed a 30-month stabilization credit line for Ukraine amounting to SDR10 bln, which is about USD 15.2 bln if special borrowing rules are taken into account. Ukraine plans to receive the first USD 3 bln by the end of 2010.
Economy and politics
July 28, 2010Ukraine’s Current Account Surplus in 1H 2010 is USD 4.4 bln
According to the preliminary data on balance of payments published by the National Bank of Ukraine, the current account surplus in 1H 2010 is USD 472 mln and the financial account surplus is USD 3.96 bln.
Economy and politics
July 16, 2010Industrial production in June down 0.5% MoM
In June 2010, industrial production in Ukraine decreased by 0.5% mom and 8.9% YoY.
Economy and politics
July 9, 2010Another Interest Rate Cut to 8.5%
National Bank of Ukraine (NBU) cut interest rates by 1% to 8.5%, but left the overnight credit rate unchanged.
Economy and politics
July 8, 2010Third Month CPI Deflation
CPI deflation in Ukraine in June 2010 slowed down by 0.4% mom, which equals 6.9% YoY, compared to 8.5% YoY in May. PPI reduced by 0.5% mom, or 25.5% YoY.
Economy and politics
June 24, 2010Ministry of Finance to Issue Eurobonds in July
The Ukrainian Ministry of Finance plans to issue sovereign Eurobonds in July 2010, Deputy Ministry Mr. Andriy Kravets recently announced. According to Kravets, the volume of the issue hasn’t yet been determined and would depend on investor demands. Mr. Kravets also noted that the Ministry anticipates the issue to yield 6-7%.
Economy and politics
June 22, 2010GDP Grew by 6.1% from January-May 2010
The president’s clipping service announced that the Gross Domestic Product (GDP) of the Ukraine grew by 6.1% from January-May 2010 as compared to the period of January-May 2009.

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