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New issue of economic monitoring

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The state gas monopoly Naftogaz has became a hot topic in recent weeks, as its bills mount, while its solvency is far from sound. The national budget deficit, the inflation rate and execution of the IMF memorandum of agreement – not to mention dozens of political promises – are all heavily dependant upon Naftogaz’s fate. In this context the growing economic problems of Ukraine and approaching presidential elections in January 2010 are expected to be the catalysts for deciding the giant’s destiny. The full report could be obtained through subscription at Global Source (www.globalsourcepartners.com). Trial access is available.

Summary of Economic Overview

July 13, 2009