Yuliya Shaida

Finance Minister Ihor Mitiukov told lawmakers from the Verkhovna Rada tribune that the next year’s budget program would be deficit- free. The consolidated budget’s overall revenues would be UAH 521 billion (27.4% of projected GDP). Anticipated public debt payments will be UAH 12.4 billion,...

The IMF’s most recent visit to Ukraine ended with poor results for the Ukrainian side. No precise answer was given to the question of when Ukraine can expect its long-awaited loans. Every time the Cabinet reports to the fund on its attainments and every time IMF points to shortcomings, among them...

The Verkhovna Rada Budget Committee, headed by Yuliya Tymoshenko before her vice premiership, currently under Oleksandr Turchynov, also of the Batkivshchyna faction, submitted a draft resolution on September 20 terming the Cabinet’s performance in implementing the law On the State Budget of Ukraine...

On September 20, the Verkhovna Rada Budget Committee considered the draft 2001 State Budget and determined the schedule for its passage by parliament. This actually begins the budget process for next year, which cannot be described as easy. The proposed 2001 Consolidated Budget of Ukraine...

At the end of the week before last OPEC adopted a resolution to increase the amount of oil it extracts and exports. One member, Saudi Arabia, has already increased the amounts of oil export by 250,000 barrels per day. However, in traders’ opinion, it is highly insufficient to maintain prices at the...

First Vice Premier Yuri Yekhanurov, addressing Verkhovna Rada on September 12, said that the central executive bodies had practically completed the first stage of their structural reorganization. “This has made it possible to reduce the number of executive branch civil servants 89,000 to 47,000. 16...

Under legislation in force, the Cabinet of Ministers supposed is to submit to Verkhovna Rada the next year’s draft budget on September 15 at the latest. It is too early to analyze it in detail: what is known with certainly is that the 2001 state budget provides for a UAH 185-billion GDP (4% real...

In 2000 the funds transferred to Loro accounts (foreign banks’ accounts in Ukrainian banks —Ed.) from enterprises dodging the VAT have increased four to five-fold compared to last year. This was the subject of the press conference held last week by Anatoly Brezvin, deputy chairman of the Tax...

According to the State Statistics Committee, foreign investment in the Ukrainian economy reached $420.1 million in the first six months of 2000, a 58.6% increase over the same period of last year. Ukraine’s total nonresident capital reached $3596.1 million as of July 1, 2000. Direct foreign...

An analysis of reform in Ukraine in the 1990s gives every reason to assume that a developed market society is in practice still a thing of the future. The creation of market institutions — National Bank, a network of commercial banks, stock and specialized commodity exchanges, etc. — has not...