most difficult for the Ukrainian economy will be the first half of 2009, which will remain unfavorable for domestic producers terms of trade. Such a forecast released, Minister of Economy of Ukraine Bogdan Danilishin.
head of the Ministry of Economy is expected to remain unfavorable external environment during the first half of next year and the gradual stabilization of the situation in the second half.
“The most difficult will be the first half, when will remain unfavorable for domestic producers terms of trade. But it can be expected also to rapidly improve the price competitiveness of Ukrainian economy because of the devaluation of the UAH. Therefore, exporters will get a premium exchange rate and will be able to renew their working capital, - Minister predicts.
He said that in 2009 the Government is preparing to gradually bring natural gas prices to international levels, significantly reduce world oil prices, falling average world prices for ferrous metals by 35%, as well as to the possible raising of the ceiling prices Natural gas for all categories of consumers. According to the minister, the increase in gas tariffs for consumers “must improve our energy sector and reduce the fiscal burden.”
Danilishin As noted in the forecast for 2009 also accounted for a significant outflow of capital and reduction of external debt, slowing world economic growth, bringing the tax laws to European Union standards, raising the minimum wage.
“Thus, the development of the economy in 2009 will depend on the recovery of domestic financial markets, stabilizing the national currency, improve the competitiveness of the Ukrainian economy and growing world economy” - summed up the head of the Ministry of Economics.
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most difficult for the Ukrainian economy will be the first half of 2009, which will remain unfavorable for domestic producers terms of trade. Such a forecast released, Minister of Economy of Ukraine Bogdan Danilishin.
head of the Ministry of Economy is expected to remain unfavorable external environment during the first half of next year and the gradual stabilization of the situation in the second half.
“The most difficult will be the first half, when will remain unfavorable for domestic producers terms of trade. But it can be expected also to rapidly improve the price competitiveness of Ukrainian economy because of the devaluation of the UAH. Therefore, exporters will get a premium exchange rate and will be able to renew their working capital, - Minister predicts.
He said that in 2009 the Government is preparing to gradually bring natural gas prices to international levels, significantly reduce world oil prices, falling average world prices for ferrous metals by 35%, as well as to the possible raising of the ceiling prices Natural gas for all categories of consumers. According to the minister, the increase in gas tariffs for consumers “must improve our energy sector and reduce the fiscal burden.”
Danilishin As noted in the forecast for 2009 also accounted for a significant outflow of capital and reduction of external debt, slowing world economic growth, bringing the tax laws to European Union standards, raising the minimum wage.
“Thus, the development of the economy in 2009 will depend on the recovery of domestic financial markets, stabilizing the national currency, improve the competitiveness of the Ukrainian economy and growing world economy” - summed up the head of the Ministry of Economics.
Related links: