OREANDA-NEWS. October 1, 2009. The State Statistics Committee said yesterday Ukraine's GDP declined 17.8% yoy in 2Q09, slightly less steep than its preliminary figure of 18.0% announced in August. GDP was down 20.3% yoy in 1Q09.

Concorde Capital: The decline in GDP in 2Q09 came mainly from very low investments (-57.8% yoy in 2Q09) and weak household consumption (-11.6% yoy) while negative net exports shrank. Low domestic investment demand will slow the economic recovery in the future.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.