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Article: Consumer sector matures in Ukraine.
- Article from:
- Market Europe
- Article date:
- February 1, 2006
CopyrightCOPYRIGHT 2006 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Russia and Ukraine-historically-have had what might be called a "stormy" relationship. The recent gas crisis, which dominated the economic news coming out of Ukraine has now been settled. The result is that Ukraine will be paying approximately twice as much for natural gas from Russia. The pricing is closer to world market benchmarks.
The central concern for Ukraine and its consumers is inflation. Using International Monetary Fund (IMF) statistics for the past decade, the average annual increase in the rate of inflation works out to slightly more than 13 percent. In short, Ukraine, since regaining its independence from the old Soviet Union has not managed its ...