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Ukrainian beer consumption remained almost flat in 2011 at an estimated 28.2 million hectoliters, domestic output declined 2 percent year-on-year, while imports grew 46 percent over same period, said Dragon Capital’s Tatjana Telezko.

Ukraine’s gross external debt continued to increase in 2011, rising by 7.6 percent compared to 2010, or $8.g billion, bringing the cumulative total to $126 billion, Kyiv’s Dragon Capital wrote in a March 21 note to investors.

The primary performance indicators of the government’s economic policy have been the outside perspectives of Ukraine’s investment climate.Leszek Balcerowicz, famous for implementing the Polish economic transformation program, recently spoke at an annual investment conference organized by Dragon Capital, mentioning that poor policy and an extreme concentration of power leads to economic collapse faster than if the market is left to its own devices.

Revenues increased by 22.5% to 24.5 billion hryvnia despite lower production as tax code changes "closed the loopholes" that had enabled the company to sell crude oil to related parties at a significant discount to the import price, Dragon Capital analyst Dennis Sakva wrote in an earnings review.

Poland might see 10 to 15 Ukrainian firms debut on the Warsaw Stock Exchange (WSE) in the near future, depending on the financial markets situation, Ukrainian brokerage Dragon Capital managing director Brian Best said, as cited by the daily Parkiet.

There are signs that the economic system is beginning to improve. Dragon Capital’s chief economist Olena Bilan said investments started to pick up in 2011, rising 21 percent over the previous year in real terms.

Tomas Fiala, EBA President, CEO of Dragon Capital: "The latest reading of the EBA Investment Attractiveness Index disappointed again, hitting a new all time low."

When Balcerowicz delivered a keynote speech at the investment bank Dragon Capital’s annual investment conference on March 22, it was not to talk about the intricacies of monetary policy or overcoming financial crises.

The ban means that Ukraine may lose up to $300 million in income, or 60-70 percent of the annual revenue from cheese exports, said Tetyana Telezhko, an analyst from Dragon Capital.

Credit ratings of Ukraine will remain under pressure until the government reaches considerable decrease of the cost of import gas by signing a new gas agreement with Russian," says Olena Belan, chief economist at Dragon Capital.