Iryna Klymenko

The true reason for soaring prices is the government’s incompetence Not for the first time Ukraine’s price increases in basic goods and services are explained by the need to carry out reforms in major sectors, the power industry and public utilities. Meanwhile, none of the previous such price...

The Premier was not retired last Tuesday as expected, marking a certain transitional phase in this game of political intrigue which had arrested public interest for several previous weeks. Now the time seems ripe to digress from the quickly changing political situation and discuss the hidden motive...

Earlier this month the Ukrainian government passed a resolution to double import duties on over 600 types of products, the main reason being an attempt to fill state budget coffers. A week after the regular government session, which was conducted in an atmosphere of slight panic, the Western...

Iryna KLYMENKO, The Day About two weeks ago, commenting on the death of Vadym Hetman, Chairman of the Board of the National Bank of Ukraine Viktor Yushchenko said, “Banks will have to give up. But not to the extent of humiliation. Hard times are ahead.” The essence of this remark was...

Without exaggeration, last week’s events climaxed in Vadym Hetman’s assassination, a shocking and sobering experience. Shocking because most of us had grown accustomed to looking on and analyzing at length and depth, reclining in our chairs, just how criminal our rich and the famous were getting...

By Iryna Klymenko, The Day Although EBRD loan conditions are profitable for it, its relationship with Ukraine has recently become less than ideal. For one thing, loan projects worked out by state organizations get tabled from time to time. The reason is simple - Ukrainian government failed...

By Iryna Klymenko, The Day Last week had only four workdays but was still rich in economic sensations. Presidential Advisor Halchynsky made a startling statement about a new inflation strategy being worked out in terms of 35-40% annual price growth. Quite recently we heard about 16% from...

By Iryna Klymenko, The Day This is not Ukraine’s first price rise justified by the necessity of reform in the system-creating sectors of energy and utilities. None, however, have led to normalization of the financial status of these realms, and all the while the people always have to pay...

The new government has not staged a revolution in the economy in spite of several months of work. Routine administrative work, if you go by what the insiders say, does not impress, either. Even the unexpected economic growth has turned out to be the merit of previous governments, as the...

The visit of Premier Viktor Yushchenko to the US last week should be called successful at least for the reason that it happened. On the other hand, it also turned out successful because the premier not only received assurances of support but also achieved a tactical win in a big game known as “...