KIEV, Jan. 14 – Ukrainian business improved its inflation forecasts in the fourth quarter of 2010, although they worsened devaluation expectations, reads a posting on the Web site of the National Bank of Ukraine, referring to the results of a poll of company heads.

"The expectations of companies regarding the hryvnia devaluation to the U.S. dollar and euro strengthened. Companies say that the average hryvnia exchange rate to the dollar in 12 months would be UAH 8.31/$1 [against UAH 8.17/$1 forecasted in the third quarter of 2010]," reads the report.