Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Businessweek Archives

Ukraine In Crisis

Global Wrapup


Political stability has been Ukraine's banner of achievement since its citizens voted for independence in 1991. Not anymore. A bitter power struggle and crippling labor unrest have brought calls for an autumn referendum on confidence in both President Leonid M. Kravchuk and the parliament. Neither is likely to survive the vote. Kravchuk's snail-paced reforms have led to economic stagnation, with inflation at 35% monthly and privatization only inching along. The temporary karbovanets currency is losing value even against the weak Russian ruble. Trebled prices on staple goods helped trigger an explosive 11-day coal miners' strike that has renewed separatist sentiment in Ukraine's Donbass region, where ethnic Russians live. The miners are mostly back at work now. But the President, parliament, and Prime Minister Leonid Kuchma are still battling over how power should be divided to end Ukraine's crisis. "It is a catastrophe," says Ukrainian economist Volodymir Chernyak. "And if something is not done in the next few months, we'll have nothing short of a total collapse of the economy."

blog comments powered by Disqus