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Ukraine’s economic growth accelerates to 9.3% in June on steel
Journal Staff Report

KIEV, July 12 – Ukraine’s economy expanded 9.3% on the year in June, the strongest economic growth over the past 18 months, helped by growing external demand for steel, the country’s main exports commodity.

Ukraine’s economy was showing steady acceleration since the beginning of the year, but now it had reached the point that the government would probably revise upwards some economic forecast indicators.

The economy expanded 5% on the year in January-June, accelerating from 4% growth in January-May, 2.7% in January-April and 2.2% in January-March, Prime Minister Yuriy Yekhanurov said.

The robust economic expansion shows that businesses have been successfully digesting a 90% hike in natural gas prices from Jan. 1. The economy was also defying a major political crisis in Ukraine as parties are yet to form a new government following the March 26 election.

“The political crisis has not affected the economy,” Yekhanurov told a government meeting on Wednesday.



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Currencies (in hryvnias)
  15.12.2017 prev
USD 27.41 27.27
RUR 0.467 0.461
EUR 32.47 32.00

Stock Market
  14.12.2017 prev
PFTS 306.5 305.4
source: PFTS

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