OREANDA-NEWS. On 31 March 2009 was announced, that the Cabinet of Ministers (CabMin) proposed the Verkhovna Rada to adopt the law allowing the CabMin to increase the tariffs on imports of goods, which run the risk of Balance of Payments Deficit.  At the same time the CabMin suggested to preserve the existing import tariffs (extra 13% ion automobile and refrigerator imports).

Millennium Capital sees the news to be NEUTRAL, since, related to the WTO members opposition, the suggested law has low probability to be adopted and implemented. Moreover, Millennium Capital sees no large hazards for the Balance of Payments deficit in 2009, except for the rise in the imported gas price. Meanwhile, this initiative of the CabMin seems about the next trial to fulfill the Budget Income Plan (UAH 240 in 2009) in the period of the drop in the domestic output.

Millennium Capital is an integrated financial services provider. Established in 2000 by a group of professionals with solid background in securities and corporate finance, Millennium Capital is now one of the major investment banking institutions.