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14 February
, 2012,09:49


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News / 22 February 2006 | 15:00
Ukraine faces drop in GDP

Ukraine faces drop in GDP


Minister of Industrial Policy of Ukraine Volodymyr Shandra declares that further reduction of volume of gas delivering to industrial enterprises will negatively influence gross domestic product of the country.

“I don’t know what Naftogaz strives for. We will save up to two million cu m of gas every 24-hours – it is nothing in the country’s balance – but sharply decrease GDP,” pointed out the Minister during today’s session of the government.

Shandra also added that Ministry of Industrial Policy has already sent a letter to Ministry for Fuel and Energy, in which it informs about the situation, appeared because of reduction of gas supply to industrial enterprises.

As reported earlier, to January 30 gas consumption had reduced by 11.55% in regions and cities of Ukraine.

To January 23, 2006 the Metallurgical complex of Ukraine had consumed only 90.29% of planned volume.

Director General of Yenakievo metallurgical plant considers it impossible to reduce gas consumption without considerable reduction of production volume. He warns that the plant is under the threat of complete halt of blast furnaces in connection with explicit order to limit gas consumption.

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13:19 In Davos, President Viktor Yanukovych took part in a World Economic Forum session “New Energy Architecture: Enabling an effective transition.”
10:10 In Davos, President Viktor Yanukovych took part in a session of the World Economic Forum titled "Energy for Economic Growth.” During the session, President Yanukovych brought up the issue of energy security of Ukraine, and told about the implementation of new technologies to use alternative and unconventional energy sources in our country.

24 January 2012
13:48 A Ukrainian delegation has left for Washington to hold talks with the International Monetary Fund (IMF), Ukrainian Finance Ministry spokesperson Viktor Kosarchuk has said.

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