Economical Situation in Ukraine*
(General datas)

          After some stagnating period of economics of Ukraine, bound first of all, with the processes of privatization and its re-structuring,economical resuscitation has begun. So, gross domestic product of Ukraine for January - September 2001, in comparison with 2000 has reached 109,3 per cent.

          According to the data of State Committee of Statistics of Ukraine in January - September, 2001 the positive dynamics of growth of the goods production and gross added value on the leading kinds of economical activity was continued in comperison with the same period 2000. Under the data of statistics, the most considerable increment of the gross added value was seen in refining industries - 20,1 per cent, in wholesale and retail trade - 16,7 per cent, in building - 13,8 per cent.
          At the same time, in January - September, 2001 44 per cent of firms of Ukraine worked unprofitably. The most of such enterprises and companies are in sphere of material supply and sales (65 per cent) and of transport (62 per cent).
          Despite of this, the results of development of Ukrainian economics (according to the statistical data) are the following:

  • Proficite of the consolidated budget for January - August, 2001 made 1,4 billion HUA (1,1 per cent to GDP).

  • The exchange rate of HUA remained stable and laid within the limits 5,34 - 5,45 units to USD.

  • The remainders of the credit deposits of the banking system of Ukraine for July were increased by 1,1 per cent, or by 0,4 billion HUA, and on August 1, 2000 have reached 35,8 billion HUA, from which 17,6 billion HUA - in national currency.

  • The remainders citizens' deposits in national and foreign currencies at commercial banks of Ukraine for July, 2001 increased by 2,5 per cent and have reached on August 1, 2001 8,6 billion HUA;

  • The innovation activity of firms (in comperison with the past period of 2000) has grown by 4,4 per cent.

  • The turnover of foreign trade of Ukraine
    in January - August, 2001 reached 20777,10 5 millions USD and against January - August, 2000 increased by 14,6 per cent.

          Among the negative moments of economic situation in Ukraine the problem of the non-payments and, accordingly, indebtedness must be mentioned. According to the statistics:

          Another negative factor is: short-reception of means from privatization of the state-owned properties in January, - August 2001. This fact did not give possibility to execute planned parametres of a profitable part of the State budget pool fund in a full volume.
          However, general tendency of Ukrainian economic growth, especially in January - September, 2001, has resulted resuscitation of all branches of economy, including private sector. During January - July, 2001 Ukrainian firms and unterprises have received financial outcome from customary activity before the taxation in the sum of 14585,3 million HUA, that exceeds the similar parameter of 2000 in 2,4 times.
          Above-mentioned indexes will not be full without the data Basic indexes of an economical and social development of Ukraine for 1996-2000.

General business information **

Banks

          According to the data of National Bank of Ukraine (NBU), as to September 1, 2001, the quantity of commercial banks located on the territory of Ukraine has compounded 191. 31 banks of them are with the foreign participation (7 banks are with 100 per cent foreign capital). Actually act 155 banks with total amount of the authorized capital for more than 4 258 billion HUA. The volume of the authorized capital at the rate of one operational bank makes 27,4 million HUA.

          According to the Ukrainian Banks Association (UBA) data, 124 operational bank structures have the total amount of "clean" assets in the sum of 18,6 billion HUA.
          According to the NBU data the balance capital of the Ukrainian banks for January, - October, 2001 increased by 16,3 per cent and on November, 2001 has reached the sum of 7497,9 million HUA. On idicative sector (88 banks) "clean" assets in HUA increased by 213 million HUA, and the rate of increase has reached 1,4 per cent.
          Since January 1998 the banking system of Ukraine has passed on the international standards of book keeping and statistics.
          According to the incomes structure, the main profits (more 58 per cent) banks receive in a form of percents for the given credits, 19,8 per cent - commissions incomes and 22,1 per cent - other incomes.
          The degree of the population confidence to the banking system is high enough. This fact is testified by the data concerning the natural persons' deposits to the Ukrainian banks. Only for 2000 citizens' deposits in national and foreign currency have grown in comparison with 1999 by 153 per cent and 154 per cent.


Investments

          Except the official statistical data about investment to building industry of Ukraine and other capital investments to the pool funds, very important are the fund investment processes. From the point of view the capital market operators the economics of Ukraine becomes more attractive for the foreign investments.

          For example,the total sum of portfolio investments to Ukraine for the end of June, 2001 has reached 2,5 billion of USD. The main investors to the Ukrainian economy are the following countries: USA, Holland, Germany, Great Britain and Russia. There share makes about 50 per cent from total volume of the investments to Ukraine. However, the tendency of the investment growth from off-shore zones is characteristic for Ukraine.
          Ukraine pays a great attention to engaging of the investments through the institute of Free Economical Zones (FEZ), which are organized and act in Ukraine.


          Further information on Ukraine can be find filling out our application.

Business - navigator on Ukraine***

Emergency Services and Information Telephones on Ukraine

Phone
number
Emergency services
01 Fire guarding
02 Police
03 Urgent medical help
003 Hospitalization service
055 Information service Medikom
432-9447 Urgent medical help
O67 Pharmaceutical Information
04 Emergency gas service
09 Information Service (Kyiv)
009 Payment for the help information (Kyiv)
057 Water, electrical and drainage systems emergency service (Kiev)
086 Kievlift service
Phone
number
Other information services
060 Exact time telephone service
061 Telephone numbers service
066 Telegrammes by the telephone
071 CIS countries telephone operator
079 Foreign countries telephone operator
8 191, 192, 193 Foreign telephone operators
058 Taxi service (Kyiv)
225-0396 Taxi - information (Kyiv)
265-0430 Auto service stations (Kyiv)
229-7844 Things left or lost in Kyiv hotels
265-6701 Borispol Airport (Kyiv)
272-1201 Zhulyany Airport (Kyiv)
416-1268 River port (Kyiv)

The address of Trade and Economic Mission of Ukraine in the Czech Republic

17, Africka street
Prague 6, Czech Republic
Tel./Fax (+420) 235-36-60-18; 235-35-81-39;
E-mail: tem@mbox.vol.cz


*    The information is prepared according to the data of the State Committee of statistics of Ukraine
**  The information is prepared according to the data of state authorities of Ukraine
*** See useful business web-servers on Ukraine