Business peciliarities in Ukraine and Bealrus
31
71%, in 2007 it was 74.1%, in the crisis year 2008 it was 71.9%. Even in 2011 this indicator
looked much better, being 9.6% up.
In practice, small and medium-size enterprises in Ukraine have minimal access to bank
financing. As a consequence of the weakness of the steel industry and the near absence of
financing for small and medium-sized enterprises, output contracted during the second half
of 2012. Even Prime Minister Mykola Azarov no longer expects growth in 2013.
As the result, the country has seen a triple deficit in 2012. As a result of a smaller economic
growth, the budget deficit in 2012 is expected at 2.6% of GDP, which is higher than the
target fixed at 1.7% of GDP. The current account deficit in January-November 2012 was
$12.443 billion, being 38% up year-over-year. The deficit of the balance of payments over
the period grew by 41% year-over-year, to $3.336 billion.
1.4. Starting a business in Ukraine
annaabi.ee 
