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IN FOCUS
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Court upholds ruling against TV stations
KIEV, Aug. 30 – A Kiev court of appeals on Monday upheld a previous ruling stripping two independent television stations of frequencies, a move that may suspend their expansion in the country’s regions and potentially destroy the channels. 11:18 | More |
President calls for food price rise probe
KIEV, Aug. 31 – President Viktor Yanukovych on Tuesday urged the government to investigate the rapid increase in food prices in Ukraine, adding that measures must be taken to ease inflation. 11:57 | More | |
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| Can elections be harmful to democracy? It has been said that young leaders are the foot soldiers of democracy, and the grassroots campaign that swelled up during Orange Revolution is proof that Ukraine is no exception. Still, five years later, the Orange Revolution’s promise of reform has yet to be fulfilled. This is in large part due to a lack of leadership not only at the top of the government machine, but throughout the system. Still, even the best reform strategy will fail without strong leaders to promote and undertake it. More | Consensus Forecast: Things will get better in 2010 What will the situation be with Ukraine’s economy over this year and the following two? When will GDP stop contracting? When will consumer demand begin to pick up and what will wages be like? The answers to these questions were sought by ICPS economists along with their colleagues at the latest quarterly consensus seminar in macro-economic forecasting, organized by Ukraine’s Ministry of Economy on 2 July 2009. More | | No end in sight: downswing in consumer mood continues to break records Ukraine greeted 2009 with a thus-far unseen worsening in the consumer mood as the crisis in the country’s economy worsened. In January 2009, the Consumer Confidence Index (CCI) fell a further 12.1pp over December 2008, to 41.8. This is a new record and the absolute lowest the Index has ever been since it began to be tracked. This level of the CCI indicates that more than three-quarters of Ukraine’s consumers are feeling pessimistic. More | THE ICE NOT THE FIRE At the height of his power with Standard Oil of Ohio, John D. Rockefeller controlled the production of 90% of the kerosene in the US, in the 1890s. As you sit in your home reading this by electric light, you most likely are saying so what.
The issue was, when Rockefeller had this 90% control, virtually everyone relied on kerosene to fill their lamps and space heaters. Even though Rockefeller was able to bring the cost of kerosene down by over 80% he had a stranglehold on the lighting of American homes. There was way too much power in the hands of one man and this unregulated influence could negatively affect the majority of the nation’s population.More |
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| Currencies (in hryvnias) |
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02.09.2010 |
prev |
| USD |
7.890 |
7.890 |
| RUR |
0.256 |
0.256 |
| EUR |
10.09 |
10.00 |
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| Stock Market |
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01.09.2010 |
prev |
| PFTS |
794.3 |
792.8 |
| source: PFTS |
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