Consumer sector matures in Ukraine.

Market Europe | February 1, 2006 | Copyright

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 ...

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