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


Nagy: More Involvement in Insurance Market Banking

Nagy: More Involvement in Insurance Market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Home Loan Rates Climb Over 10% Residential

Home Loan Rates Climb Over 10%

Countries Exchange Experiences for Better Production of Catt... Conferences

Countries Exchange Experiences for Better Production of Catt...


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.