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Monday, December 24, 2007

Monthly Economic Monitor Ukraine, September - November 2007

Monthly Economic Monitor Ukraine from Institute for Economic Research and Policy Consulting. Here is November issue.

  • The official results on pre-term elections to the Verkhovna Rada were published on October 27, with two weeks delay.

  • Real GDP growth was 7.3% yoy between January and September, relying mostly on high private domestic demand.

  • Exports of grain harvested this year will start not earlier than in December due to cumbersome quota administration procedures.

  • Between January and September the current account deficit increased to USD 2.5 bn, but was sufficiently covered by high inflows of long-term capital.

  • Central fiscal deficit widened to UAH 7.5 bn (1.5% of GDP) in September.

  • Inflation accelerated to 14.8% yoy in October.

  • The NBU revised the regulations on the costs of external borrowings.