Ukrainian GDP growth in Q1 reaches 6.5% y/y


The State Statistics Committee of Ukraine increased its estimate for GDP growth from 6% year-on-year to 6.5% year-on-year in January to March 2008, reported Ukrinform.

In April 2008, the International Monetary Fund improved forecast for Ukraine’s GDP growth from 5.4% to 5.6% and worsened inflation forecast from 10.6% to 17.1%.

According to the State Statistics Committee, industrial output increased by 7.5% year-on-year (y/y) in 6 months 2008. However, the monthly growth of industrial output was down by 2.5% month-on-month in June.

The largest contribution to industrial output in 6 months 2008 was made by mechanical engineering which grew by 29.3% y/y mainly due to the rise in automobile manufacturing. Metallurgy with a 24.7% share in 2007 increased by 3.3% y/y in 6 months 2008 slightly accelerating its growth by 3.1% y/y in 5 month 2008.

Food processing maintained a high, still slightly lower than in 5 months 2008, annual growth of 5.5% y/y. Coke and refined petroleum reduced their decrease from 13.5% y/y to 12.1% y/y in 6 months 2008. (SteelGuru)


Seource: Milleneum capital


Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.