Current State and Prospects of Development for Ukrainian Economy

1
Current State and Prospects of Development for
Ukrainian Economy
Comments by Mr. V.Pershin, First Deputy Minister
of Economy and European Integration Warsaw,20
November 2003
2
Ukraine Should Become an Inalienable Part of a
Unified Europe

• the course at European integration is a natural
  aftermath of Ukraine's national independence. It
  crystallizes from the history of our nation, its
  mentality and democratic traditions, from
  striving of today's generation to see their state
  as an inalienable part of Europe. The European
  choice of Ukraine is at the same time a movement
  to the standards of real democracy, informational
  society, socially oriented market economics,
  based on the fundamentals of the rule of law and
  provision of human and citizen's rights and
  freedoms.
• L.Kuchma, President of Ukraine

3
UKRAINE in January-October 2003
7,2
GDP Volume of industrial output Gross output
of agriculture Turnover of retail trade
Real income into State budget Real available
profits of population (August) Index of
consumer prices (before December) Modification
of official Hryvna rate to US dollar Means of
physical persons
?
15,7
?
Cumulatively ( changes to the appropriate
period of previous year)

13,1
?
19,6
?
17,7

?
?
5,1
4,7
?
At the beginning of year
0,01
?
42,8
?
4
Increase in Foreign Currency Reserves
For January-October 2003

• Gross reserves ? by 2467,4 million (55,9)
• Net reserves of NBU ? by 2551,0 million
  (100,4)

5
Dynamics of Foreign Trade
Goods and Services
Goods
Ministry of Economy and European Integration of
Ukraine
6
Volumes of Investments into Fixed Capital
Ministry of Economy and European Integration of
Ukraine
7
Direct Foreign Investments
8
Priorities of State Policy

• Integration to EU
• Accession to WTO
• Innovation Model for Development
• Development of Small and Medium Business
• Promotion to Investment Image of Ukraine in the
  World