Экономика и политика

Starting November 27, 2008, the National Bank of Ukraine (NBU) will establish the official USD/UAH exchange rate based on the previous day’s Interbank market rates. Prior to this decision, the NBU has been establishing the official USD/UAH exchange rate based on the Interbank foreign exchange market outcomes, NBU interventions and exchange rate changes on international markets.

According to the State Statistics Committee of Ukraine, foreign direct investments into the country’s agriculture, hunting and forestry expanded by 60.95% YTD to USD 897 mln in 10M08.

The National Bank of Ukraine (NBU) officially stated its support for prolonging the loans terms for agrarians until June 1, 2009. According to the Prime Minister of Ukraine, Yuliya Tymoshenko, the NBU confirmed its support at their last meeting on Tuesday.

Recently, the National Bank of Ukraine disclosed that, in the period October 1-November 1, private bank deposits in UAH (hryvnia) and foreign currency fell by 4.1% (or UAH 8.378 bln) from UAH 204.376 bln to UAH 195.997 bln. In particular during this period, private deposits in UAH fell by 9.8% (or UAH 12.396 bln) from UAH 126.686 bln to UAH 114.290 bln. Corporate deposits in UAH and foreign currency fell by 0.6% (or UAH 0.835 bln) from UAH 135.782 bln to UAH 134.947 bln.

According to an announcement by the State Statistics Committee of Ukraine, net FDI inflow to Ukraine in quarterly terms has slowed down to USD 1.17 bln, compared to USD 3.66 bln in 1Q08 and USD 3.55 bln in 2Q08, thus totaling USD 8.08 bln for the period January-September 2008.

The State Statistics Committee of Ukraine released figures about real GDP dynamics in October; GDP fell 2.1% YoY, compared to 5.5% YoY growth in September. GDP in January-October grew 5.8% YoY, compared to 6.9% YoY growth in January-September.

The National Committee of Statistics has announced that the trade balance deficit in January–September 2008 reached USD 10.3 bln, which is USD 6.5 bln (171%) greater than the trade balance deficit in January–September 2007.

The National Committee of Statistics has announced that Ukraine’s industrial output contracted 7.6% MoM in October after falling 4.1% MoM in September.

The National Bank of Ukraine (NBU) announced that M0 grew 1.5% MoM in October (22.2% YTD) and reached UAH 173.4 bln (USD 29.9 bln), while M2 grew 0.3% MoM (20.9% YTD) and reached UAH 479.0 bln (USD 82.7 bln).

Ukraine’s Minister of Finance, Viktor Pinzenyk, announced that the first part of the USD 4.5 bln approved IMF standby loan was received by the National Bank of Ukraine (NBU).