Part 855

Judicial branch: Supreme Court; Constitutional Court

Political parties and leaders: Green Party of Ukraine [Vitaliy KONONOV, leader]; Liberal Party of Ukraine; Liberal Democratic Party of Ukraine [Volodymyr KLYMCHUK, chairman]; Democratic Party of Ukraine [Volodymyr Oleksandrovych YAVORIVSKIY, chairman]; People's Party of Ukraine; Peasants' Party of Ukraine; Party of Democratic Rebirth or Revival of Ukraine [Volodymyr FILENKO, chairman]; Social Democratic Party of Ukraine [Vasyl ONOPENKO, chairman]; Socialist Party of Ukraine [Oleksandr MOROZ, chairman]; Ukrainian Christian Democratic Party [Vitaliy ZHURAVSKYY, chairman]; Ukrainian Conservative Republican Party [Stepan KHMARA, chairman]; Ukrainian Labor Party [Valentyn LANDYK, chairman]; Ukrainian Party of Justice [Yuriy ZUBKO, chairman]; Ukrainian Peasants' Democratic Party [Serhiy PLACHINDA, chairman]; Ukrainian Republican Party [Bondan YAROSHPSKYY, chairman]; Ukrainian National Conservative Party; Ukrainian People's Movement for Restructuring or Rukh [Vyacheslav CHORNOVIL, chairman]; Ukrainian Communist Party [Petr SYMONENKO]; Agrarian Party; Congress of Ukrainian Nationalists [Slava STESTKO]; Civil Congress [O. BAZYLUK]; Party of Economic Revival of Crimea; Progressive Socialist Party of Ukraine [Nataliya VITRENKO and Volodymyr MARCHENKO, leaders]; People's Democratic Party [Anatoliy MATVIYENKO, chairman]

Political pressure groups and leaders: New Ukraine (Nova Ukrayina); Congress of National Democratic Forces

International organization participation: BSEC, CCC, CE, CEI, CIS, EBRD, ECE, IAEA, IBRD, ICAO, ICRM, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat (nonsignatory user), Interpol, IOC, IOM (observer), ISO, ITU, NACC, OSCE, PCA, PFP, UN, UNAVEM III, UNCTAD, UNESCO, UNIDO, UNMIBH, UNMOP, UNMOT, UNPREDEP, UNTAES, UPU, WFTU, WHO, WIPO, WMO, WTrO (applicant)

Diplomatic representation in the US: chief of mission : Ambassador Yuriy Mikolayevych SHCHERBAK chancery: 3350 M Street NW, Washington, DC 20007 telephone: (202) 333-0606 FAX: (202) 333-0817 consulate(s) general : Chicago and New York

Diplomatic representation from the US: chief of mission: Ambassador William Green MILLER embassy: 10 Yuria Kotsyubinskovo, 254053 Kiev 53 mailing address: use embassy street address telephone: (44) 244-7345 FAX: (44) 244-7350

Flag description: two equal horizontal bands of azure (top) and golden yellow represent grainfields under a blue sky

Economy

Economy - overview: After Russia, the Ukrainian republic was far and away the most important economic component of the former Soviet Union, producing about four times the output of the next-ranking republic. Its fertile black soil generated more than one-fourth of Soviet agricultural output, and its farms provided substantial quantities of meat, milk, grain, and vegetables to other republics. Likewise, its diversified heavy industry supplied equipment and raw materials to industrial and mining sites in other regions of the former USSR. Shortly after the implosion of the USSR in December 1991, the Ukrainian Government liberalized most prices and erected a legal framework for privatization, but widespread resistance to reform within the government and the legislature soon stalled reform efforts and led to some backtracking. Output in 1992-96 fell precipitously to less than half the 1991 level. Loose monetary policies pushed inflation to hyperinflationary levels in late 1993. Since his election in July 1994, President KUCHMA has pushed a comprehensive economic reform program, maintained financial discipline, and tried to remove almost all remaining controls over prices and foreign trade. Implementation of KUCHMA's economic agenda is encountering considerable resistance from parliament, entrenched bureaucrats, and industrial interests. However, if KUCHMA succeeds in implementing aggressive market reforms during 1997, the economy should reverse its downward trend, with real growth occurring by late 1997 and into 1998.

GDP: purchasing power parity - $161.1 billion (1996 estimate as extrapolated from World Bank estimate for 1994)

GDP - real growth rate: -10% (1996 est.)

GDP - per capita: purchasing power parity - $3,170 (1996 est.)

GDP - composition by sector: agriculture : 14% industry: 45% services: 41% (1995 est.)

Inflation rate - consumer price index: 40% (yearend 1996)

Labor force: total: 23 million (January 1996) by occupation: industry and construction 33%, agriculture and forestry 21%, health, education, and culture 16%, trade and distribution 7%, transport and communication 7%, other 16% (1992)

Unemployment rate: 1% officially registered; large number of unregistered or underemployed workers (December 1996)

Budget: revenues: $NA expenditures: $NA, including capital expenditures of $NA

Industries: coal, electric power, ferrous and nonferrous metals, machinery and transport equipment, chemicals, food-processing (especially sugar)

Industrial production growth rate: -5.1% (1996 est.)

Electricity - capacity: 54.24 million kW (1994)

Electricity - production: 181 billion kWh (1996)

Electricity - consumption per capita: 3,487 kWh (1996)

Agriculture - products: grain, sugar beets, vegetables; meat, milk

Exports: total value : $18.6 billion (1996 est.) commodities: coal, electric power, ferrous and nonferrous metals, chemicals, machinery and transport equipment, grain, meat partners: Russia, Belarus, US, Germany, China (1995)

Imports: total value : $19.4 billion (1996 est.) commodities: energy, machinery and parts, transportation equipment, chemicals, textiles partners: Russia, Turkmenistan, Belarus, Germany, Switzerland

Debt - external: $8.8 billion (including $4.5 billion to Russia) (late 1995 est.)

Economic aid: recipient: ODA, $220 million (1993) note : commitments, 1992-95, $4.5 billion ($4.1 billion drawn)

Currency: on 2 September 1996, Ukraine introduced the long-awaited hryvnia (plural hryvni) as its national currency, replacing the karbovanets (in circulation since 12 November 1992) at a rate of 100,000 karbovantsi to 1 hryvnia