Goods supplied from Europe may become cheaper even without serious devaluation of the euro. “EU producers can lower the prices of their products in order to expand their markets abroad, which will lead to a drop in the prices of certain goods that are imported by Ukraine, for example, household appliances, automobiles, etc.,” says Chief Economist at Dragon Capital Olena Bilan.

Olena Belan, the chief economist at Dragon Capital, said that metal exports in Ukraine shrank by 4 percent in May 2011, to USD 2 billion, but they were compensated for by a sharp increase in exports of agricultural products (corn and vegetable oil) and engineering products.

The Ukrainian Eurobonds market opened on July 12 with a substantial fall of quotations on the background of general risk averseness; however it could slightly renew positions by the end of the day, UkrInform reported.

Metinvest is switching to a new price-setting formula for iron ore with its Ukrainian contractors.

The Ukrainian cabinet is preparing revolutionary changes in company bankruptcy procedures, as well as additional measures to legalize wage payments and cut the number of taxes, Vice Premier and Social Policy Minister Sergiy Tigipko has said.

Ukraine’s government should reduce its role in the country’s grain market to encourage private investment and spur growth, according to the European Bank for Reconstruction and Development.

Bloomberg, 2011-02-07 10:20:16.823 GMT by Daryna Krasnolutska and Kateryna Choursina Ukraine’s annual inflation rate fell for t...