Ukraine is no longer a metallurgical power
Even a weak hryvnia and a low base effect do not stimulate the growth of the Ukrainian economy. The only hope remains agricultural production, according to analysts at the investment company Sberbank CIB.
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Metals are no longer the main item of Ukrainian exports, the leading role now belongs to agricultural products, says a review by Sberbank CIB, which is quoted "Vedomosti".
Changes in the structure of exports are the result of the industrial decline. Based on the results of the first two months of 2015, it amounted to 21,7% compared to the same period last year, while the decline in agricultural production in Ukraine was only 3,6%.
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